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JELD-WEN Holding

JELD on NYSE. JELD-WEN Holding sells doors and windows to distributors, retailers, contractors, and consumers. Market value $153m.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

Nothing stands out yet.

What to watch out for

See Materials stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to June 2026
-95.5%low

For every $100 of what the whole company costs, it produced $-95.48 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026
n/a

The filings do not give us enough to work this out.

Return on capital
five annual reports to December 2025
2.0%five-year median

Each dollar kept in the business earns 2 cents a year. Above 10 is good.

Quality score: 12 of 100. Price score: 0 of 100. Our list needs 70 on quality and 60 on price.

$1.82 a share, 97% above its 1-year low

Over the past year the price has ranged from $0.93 to $4.92.

Pays no dividend

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

0.1
-0.1
0.2
-0.1
-0.1
-0.2
2021202220232024202512 monthsto Jun '26
Revenue
$4.2bn$4.5bn$4.3bn$3.8bn$3.2bn
Operating margin
5.2%1.3%3.3%-3.3%-13.0%
Debt to equity
2.042.431.451.9212.80
Shares outstanding
0.08bn0.09bn0.08bn0.09bn0.09bn

Health checks

  • Free cash flow positive2 of 5 years
  • Accounting looks honest (Beneish)Nothing unusual
  • Financial strength (Piotroski)3 of 9
  • Profit backed by cash (accruals)No
  • Debt12.80× equity
  • Revenue growth, five yearsShrinking, 5.4% a year
  • Buying back its own sharesRoughly flat

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $818 million last quarter, down 1% on a year ago.
  • A loss of $32 million, compared with a loss of $22 million a year ago.
  • It loses 9 cents on each $1 of sales, compared with 9 cents a year earlier.
  • Over the past 12 months it spent $151 million more cash than it brought in, compared with $143 million a year earlier.
  • 1% more shares than a year ago. Each share owns a bit less of the company.
  • Debt is $1.2 billion more than cash, up from $1.1 billion a year ago.
  • Sales did not grow on a year ago in any of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$935m
December 2024$896m
March 2025$776m
June 2025$824m
September 2025$809m
December 2025$802m
March 2026$722m
June 2026$818m
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024-$74m
December 2024-$68m
March 2025-$190m
June 2025-$22m
September 2025-$368m
December 2025-$42m
March 2026-$77m
June 2026-$32m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
23 February 2026
Next quarterly (estimated, 10-Q)
3 November 2026

Who owns it

1 long-term investor we follow owns it, down from 2 last quarter. 148 funds in all.

Jun '25
Dec '25
Jun '26

Sold out this quarter

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

5 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 3 sold $37,624.

  • Stoddard Samantha
    EVP & CFO
    Sold
    Date
    2 July 2026
    Shares
    1,208
    Price
    $1.47
    Value
    $1,776
  • Livingston Wendy A.
    EVP & CHRO
    Sold
    Date
    26 June 2026
    Shares
    2,435
    Price
    $1.44
    Value
    $3,506
  • TATEN BRUCE M.
    Director
    Sold
    Date
    11 May 2026
    Shares
    19,483
    Price
    $1.66
    Value
    $32,342

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 23 Feb 2026, plus the 10-Q filed 4 Aug 2026 and 4 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

  • It carries a lot of debt: 12.8× its equity.
  • Sales have shrunk: 5.4% a year.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.