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what it is
It makes and distributes wood, metal, seed, and tool products to retailers and industrial buyers.
how it gets paid
Last year Jewett-Cameron made $41M in revenue. Industrial Wood Products was the main engine at $16.0M, or 39% of sales.
why growth slowed
Revenue fell 12.4% last year. Revenue fell 7% vs. prior year, and gross margin was -12.5%.
what just happened
Jewett-Cameron missed on $9M of revenue and posted -$1.12 EPS.
At a glance
C++ balance sheet — some cracks in the foundation
25/100 earnings predictability — expect surprises
2.9% return on capital — nothing to write home about
-$1.18 fy2025 eps est
$41M fy2025 rev est
xvary composite: 46/100 — below average
What they do
It makes and distributes wood, metal, seed, and tool products to retailers and industrial buyers.
You are not betting on one product here. You are betting on four lines that sell through home centers and other retailers. That matters when 45 employees are supporting $41M of annual sales. It also looks fragile when the whole company is worth about $6M.
How they make money
$41M
annual revenue · their business grew -12.4% last year
Industrial Wood Products
$16.0M
Lawn, Garden, Pet, and Other
$11.0M
Seed Processing and Sales
$6.0M
Industrial Tools and Clamps
$4.0M
Specialty Metal Products
$4.0M
The products that matter
wholesale specialty wood
Industrial Wood
$24.7M · 60.2% of revenue
this is the center of gravity. It produced $24.7M last year and still fell 12.4%. Bigger does not mean safer when the largest segment is shrinking too.
largest segment
fencing and outdoor products
Fencing
part of $16.3M segment
fencing sits inside the $16.3M Fencing & Pet bucket. You need this category to steady out, because a low-margin distributor does not fix itself through cost cuts alone.
39.8% of revenue
pet-home products
Pet Homes
part of $16.3M segment
the data here is thin, which tells you something by itself. What you do know: this product line sits in the same segment that fell 12.4%, so it is not currently offsetting weakness elsewhere.
limited disclosure
Key numbers
$41M
annual sales
That is the whole company. A $41M top line is tiny next to a public listing.
9.1%
core margin
For every $100 of sales, the core business loses $9.10 before financing costs.
2.9%
capital return
The business earns $2.90 for every $100 tied up in operations.
0.7
market swing
A 10% market move has usually meant about a 7% move here.
Financial health
C++
strength
- balance sheet grade C++ — below average — limited financial resources
- risk rank 3 — safer than 50% of stocks
- price stability 40 / 100
C++ — below average. watch for debt servicing and cash burn.
Total return vs. market
Return history isn't available for JCTC right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Jewett-Cameron missed on $9M of revenue and posted -$1.12 EPS.
Revenue fell 7% vs. prior year, and gross margin was -12.5%. Less sales and worse pricing is a bad mix.
$9.0M
revenue
-$1.12
eps
12.5%
gross margin
gross margin
Gross margin was -12.5%, so the company kept less than zero from each sales dollar before overhead.
source: company earnings report, 2026
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What could go wrong
this company does not have one clean risk. it has a stack: losses, thin margin, weak sales in both segments, and now an IT incident sitting on top of it.
med
sustained operating losses
Jewett-Cameron lost $3.7M last year. Against a market cap of roughly $6M, that is not a normal bad year. That is a large chunk of the equity story disappearing in one stretch.
if losses repeat anywhere near that level, the turnaround window gets short fast.
med
thin gross margin
Gross margin is 12.5%. That means 87.5 cents of every sales dollar disappears before overhead. Freight, labor, discounting, or inventory mistakes do not need to be dramatic to hurt you.
small cost shocks can erase what little cushion the business has.
med
broad revenue pressure, not one-off weakness
Industrial Wood and Fencing & Pet both fell 12.4% last year. Same period. Same direction. Diversification does not help much when both engines are slowing together.
that leaves most of the $41M revenue base exposed to the same slowdown.
med
cyber incident costs can punch above their size
The october 2025 filing disclosed unauthorized IT access. The direct bill is only part of the problem. For a microcap, cleanup effort and management distraction often matter just as much.
you should expect the full cost to be wider than the first headline.
a $3.7M annual loss against a ~$6M market cap is the kind of math that does not grant you a slow, comfortable turnaround.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
gross margin holding at or above 12.5%
if gross margin slips below 12.5%, the company has even less room to absorb overhead. For JCTC, that is not a rounding error. It is the whole story.
calendar
the next earnings print
the last quarter delivered $8.7M of revenue against a $9.3M estimate and still showed an operating loss. you need to see whether that miss was a one-quarter stumble or the new baseline.
risk
any update on the october 2025 IT breach
watch for new disclosure around remediation costs, operational disruption, or legal follow-through. silence helps. bigger cleanup language does not.
trend
whether the two segment declines finally diverge
both segments fell 12.4% last year. if one stabilizes while the other stays weak, that is progress. if both keep falling together, the pressure is still broad.
Analyst rankings
earnings predictability
25 / 100
earnings can swing around. in human-speak, you should not expect neat, repeatable quarters here.
risk rank
3
middle-of-the-pack on safety by the raw rank. paired with a $3.7M annual loss, it reads less comforting than it looks.
source: institutional data
Institutional activity
institutional ownership data for JCTC is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$2
current price
n/a
target midpoint · n/a from current
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