Upbound Group (UPBD) concentration risks

Upbound Group's disclosed concentration spans both revenue geography and merchandise supply. Substantially all of the company's revenues for the past three years originated in the United States, a high-share, structural exposure that reflects the fundamental geographic footprint of the business rather than a counterparty-specific risk. On the supply side, merchandise purchases are concentrated among three named suppliers: Ashley Furniture Industries accounted for approximately 37% of merchandise purchases in 2025, while LG Electronics and Whirlpool each accounted for approximately 11% and 10%, respectively — Ashley disclosed at a medium share and the other two at a low share, all three classified as dependency-type. These two categories of exposure differ in kind: the U.S. revenue concentration is a structural feature of the business that is unlikely to change quickly, while the supplier concentration reflects reliance on specific named vendors whose relationships could shift with contract renegotiation or supply disruption. Ashley Furniture's 37% share is the more consequential of the three supplier relationships given its size relative to LG and Whirlpool. Netting these together, Upbound's risk is primarily domestic-market structural exposure paired with a moderate, named-supplier dependency concentrated most heavily in one furniture vendor.

For the engine’s reasoning on UPBD’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.

Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.