Rayonier (RYN)

NYSE Real Estate Timber REITs S&P MidCap 400

$21.55

-0.36 (-1.64%)

Close of Nov 06, 2026 · end-of-day data

Source: Rayonier's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$815.91M	$819.60M	$816.14M	$711.56M	$858.55M	$1.11B	$575.91M	$786.96M	$986.44M	$483.04M
Cost of revenue	$526.44M	$568.25M	$605.26M	$558.35M	$712.44M	$796.12M	$392.30M	$528.92M	$547.58M	$327.20M
Gross profit	$289.48M	$251.34M	$210.88M	$153.21M	$146.11M	$312.33M	$183.61M	$258.04M	$438.86M	$155.83M
Selling, general & admin	$42.78M	$40.24M	$41.95M	$41.65M	$50.65M	$57.79M	$64.74M	$74.80M	$74.44M	$66.69M
Operating income	$255.78M	$215.49M	$170.07M	$107.03M	$74.39M	$269.77M	$135.40M	$184.70M	$364.11M	$83.34M
Interest expense	$32.24M	$34.07M	$32.07M	$31.72M	$38.77M	$44.91M	$36.21M	$48.34M	$33.76M	$26.35M
Pre-tax income	$222.83M	$183.26M	$142.57M	$80.62M	$36.79M	$225.15M	$104.42M	$159.61M	$339.84M	$74.59M
Income tax	$5.06M	$21.68M	$25.24M	$12.94M	$7.01M	$14.66M	$3.11M	$293.00K	-$1.02M	$527.00K
Net income	$211.97M	$148.84M	$102.22M	$59.10M	$37.08M	$152.55M	$107.08M	$173.49M	$359.15M	$474.38M
EBITDA	$406.92M	$361.49M	$314.19M	$235.26M	$274.76M	$518.28M	$258.86M	$321.26M	$477.96M	—
EPS (basic)	$1.73	$1.17	$0.79	$0.46	$0.28	$1.08	$0.73	$1.17	$2.41	$3.07
EPS (diluted)	$1.73	$1.16	$0.79	$0.46	$0.27	$1.08	$0.73	$1.17	$2.39	$3.03
Diluted shares	122.81M	127.81M	129.69M	129.60M	136.94M	145.30M	150.15M	151.07M	152.10M	158.71M
Gross margin	35.5%	30.7%	25.8%	21.5%	17.0%	28.2%	31.9%	32.8%	44.5%	32.3%
Operating margin	31.3%	26.3%	20.8%	15.0%	8.7%	24.3%	23.5%	23.5%	36.9%	17.3%
Net margin	26.0%	18.2%	12.5%	8.3%	4.3%	13.8%	18.6%	22.0%	36.4%	98.2%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$85.91M	$112.65M	$148.37M	$68.73M	$84.51M	$362.17M	$114.25M	$179.68M	$303.06M	$842.94M
Receivables	$20.66M	$27.69M	$26.15M	$27.13M	$49.08M	$30.02M	$27.84M	$13.08M	$8.01M	$9.10M
Inventory	$21.38M	$24.14M	$15.70M	$14.52M	$10.59M	$28.52M	$23.73M	$29.19M	$30.88M	$6.83M
Total current assets	$164.80M	$183.53M	$207.85M	$125.97M	$170.56M	$451.43M	$202.38M	$316.96M	$436.89M	$883.75M
Goodwill	$8.68M	$8.78M	$8.31M	$8.61M	$8.94M	$8.46M	$7.86M	$7.82M	$6.97M	—
Total assets	$2.69B	$2.86B	$2.78B	$2.86B	$3.73B	$3.64B	$3.79B	$3.65B	$3.47B	$3.40B
Total current liabilities	$91.97M	$68.55M	$63.54M	$151.19M	$91.14M	$231.72M	$95.33M	$140.28M	$388.71M	$271.28M
Short-term debt	$31.68M	$3.38M	$0	$82.00M	—	$124.97M	$0	$0	$0	$199.98M
Long-term debt	$1.03B	$1.02B	$972.57M	$973.13M	$1.36B	$1.24B	$1.51B	$1.29B	$1.04B	$845.34M
Total debt	$1.06B	$1.03B	$972.57M	$1.06B	$1.36B	$1.37B	$1.51B	$1.29B	$1.04B	$1.05B
Total liabilities	$1.27B	$1.27B	$1.22B	$1.42B	$2.25B	$1.86B	$1.92B	$1.79B	$1.71B	$1.19B
Shareholders' equity	$1.41B	$1.59B	$1.56B	$1.44B	$1.47B	$1.77B	$1.87B	$1.86B	$1.77B	$2.21B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$203.80M	$256.28M	$310.10M	$214.25M	$204.17M	$325.11M	$269.19M	$298.38M	$261.59M	$256.66M
Capital expenditures	$58.72M	$65.34M	$62.33M	$64.00M	$66.50M	$75.97M	$74.81M	$78.85M	$84.85M	—
Free cash flow	$145.08M	$190.94M	$247.77M	$150.26M	$137.67M	$249.15M	$194.38M	$219.53M	$176.75M	$256.66M
Investing cash flow	-$234.97M	-$235.25M	-$132.85M	-$219.39M	-$213.64M	-$26.25M	-$516.36M	$124.09M	$354.01M	$615.05M
Financing cash flow	$114.42M	-$6.87M	-$193.71M	-$79.65M	$27.00M	-$16.31M	-$4.59M	-$328.87M	-$479.36M	-$372.87M
Dividends paid	$122.84M	$127.07M	$136.77M	$141.07M	$146.35M	$153.51M	$165.71M	$169.99M	$200.57M	$292.06M
Share buybacks	$690.00K	$176.00K	$2.98M	$4.25M	$1.60M	$1.62M	$4.22M	$4.22M	$4.18M	$2.90M
Stock-based compensation	$5.14M	$5.40M	$6.43M	$6.90M	$8.03M	$9.28M	$12.36M	$14.00M	$14.23M	$11.00M
Depreciation & amortization	$151.15M	$146.00M	$144.12M	$128.24M	$200.37M	$248.50M	$123.46M	$136.56M	$113.85M	—

Income statement

quarters · USD

Quarter ended	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	$208.51M	$201.13M	$198.48M	$113.42M	$99.26M	$123.65M	$650.11M	$82.61M	$106.19M	$177.06M	$117.17M	$276.52M
Cost of revenue	$168.41M	$145.62M	$65.72M	$86.12M	$74.30M	$86.33M	$300.83M	$64.95M	$74.91M	$119.13M	$68.22M	$230.34M
Gross profit	$40.10M	$55.51M	$132.76M	$27.29M	$24.96M	$37.32M	$349.29M	$17.66M	$31.29M	$57.93M	$48.95M	$46.19M
Selling, general & admin	$18.95M	$18.95M	$20.13M	$18.98M	$20.61M	$18.28M	$16.57M	$16.69M	$16.92M	$17.01M	$16.07M	$21.67M
Operating income	$20.10M	$35.36M	$118.61M	$8.63M	$4.55M	$18.83M	$332.10M	$59.00K	$14.54M	$41.71M	$27.02M	-$45.65M
Interest expense	$12.46M	$12.60M	$11.59M	$9.74M	$9.03M	$9.21M	$6.57M	$6.39M	$6.54M	$6.77M	$6.65M	$14.30M
Pre-tax income	$19.29M	$23.29M	$108.56M	-$5.50M	-$3.90M	$22.25M	$326.99M	-$5.30M	$9.77M	$43.71M	$26.42M	-$51.94M
Income tax	$193.00K	$547.00K	-$1.48M	-$991.00K	$0	$10.00K	-$41.00K	$291.00K	$0	$0	$236.00K	-$39.43M
Net income	$19.02M	$19.24M	$126.93M	$1.36M	$1.90M	$28.76M	$327.13M	-$3.42M	$408.71M	$43.19M	$25.91M	-$12.43M
EBITDA	$59.82M	$72.32M	$140.90M	$45.72M	$29.76M	$46.69M	$359.82M	—	$37.98M	$76.51M	—	—
EPS (basic)	$0.13	$0.13	$0.86	$0.01	$0.01	$0.19	$2.19	$-0.02	$2.63	$0.28	$0.17	$-0.05
EPS (diluted)	$0.13	$0.13	$0.86	$0.01	$0.01	$0.19	$2.18	$-0.02	$2.63	$0.28	$0.15	$-0.05
Diluted shares	150.97M	151.04M	35.67K	148.57M	148.91M	151.29M	782.68K	153.68M	157.73M	156.36M	1.17M	255.95M
Gross margin	19.2%	27.6%	66.9%	24.1%	25.1%	30.2%	53.7%	21.4%	29.5%	32.7%	41.8%	16.7%
Operating margin	9.6%	17.6%	59.8%	7.6%	4.6%	15.2%	51.1%	0.1%	13.7%	23.6%	23.1%	-16.5%
Net margin	9.1%	9.6%	64.0%	1.2%	1.9%	23.3%	50.3%	-4.1%	384.9%	24.4%	22.1%	-4.5%

Balance sheet

quarters · USD

Quarter ended	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Cash & equivalents	$88.40M	$107.78M	$179.68M	$142.11M	$120.20M	$51.95M	$303.06M	$216.24M	$892.26M	$919.58M	$842.94M	$681.66M
Receivables	$31.52M	$31.45M	$13.08M	$35.31M	$31.40M	$37.16M	$8.01M	$10.41M	$11.47M	$13.55M	$9.10M	$41.15M
Inventory	$32.33M	$33.14M	$29.19M	$43.54M	$23.89M	$18.66M	$30.88M	$33.31M	$33.43M	$16.20M	$6.83M	$113.24M
Total current assets	$197.26M	$222.93M	$316.96M	$279.94M	$229.98M	$277.07M	$436.89M	$767.39M	$959.92M	$972.92M	$883.75M	$895.74M
Goodwill	—	—	$7.82M	—	—	—	$6.97M	—	—	—	—	—
Total assets	$3.72B	$3.71B	$3.65B	$3.57B	$3.54B	$3.48B	$3.47B	$3.35B	$3.51B	$3.49B	$3.40B	$7.75B
Total current liabilities	$102.75M	$110.62M	$140.28M	$113.76M	$116.10M	$139.46M	$388.71M	$282.81M	$274.25M	$282.56M	$271.28M	$354.13M
Short-term debt	—	—	$0	—	—	$22.01M	$0	—	$199.96M	$199.97M	$199.98M	$200.00M
Long-term debt	$1.51B	$1.51B	$1.29B	$1.36B	$1.36B	$1.29B	$1.04B	$1.04B	$844.90M	$845.12M	$845.34M	$1.86B
Total debt	$1.51B	$1.51B	$1.29B	$1.36B	$1.36B	$1.31B	$1.04B	$1.04B	$1.04B	$1.05B	$1.05B	$2.06B
Total liabilities	$1.90B	$1.89B	$1.79B	$1.74B	$1.73B	$1.69B	$1.71B	$1.44B	$1.21B	$1.21B	$1.19B	$2.42B
Shareholders' equity	$1.83B	$1.82B	$1.86B	$1.83B	$1.81B	$1.79B	$1.77B	$1.92B	$2.30B	$2.28B	$2.21B	$5.33B

Cash flow

quarters · USD

Quarter ended	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Operating cash flow	$62.37M	$82.61M	$89.44M	$52.30M	$55.33M	$66.15M	$87.81M	$27.70M	$60.99M	$116.19M	$51.79M	$34.58M
Capital expenditures	—	—	—	—	—	$23.99M	$21.88M	—	—	$16.31M	—	—
Free cash flow	$62.37M	$82.61M	$89.44M	$52.30M	$55.33M	$42.16M	$65.94M	$27.70M	$60.99M	$99.88M	$51.79M	$34.58M
Investing cash flow	-$24.27M	-$23.20M	$203.76M	-$24.05M	-$23.40M	-$27.40M	$428.86M	-$21.44M	$679.70M	-$15.38M	-$27.83M	-$53.06M
Financing cash flow	-$47.96M	-$43.13M	-$194.72M	-$75.09M	-$49.99M	-$104.85M	-$249.43M	-$116.48M	-$82.13M	-$73.47M	-$100.78M	-$142.81M
Dividends paid	$43.04M	$42.40M	$42.40M	$72.26M	$43.23M	$42.60M	$42.47M	$110.44M	$42.83M	$42.11M	$96.68M	$81.10M
Share buybacks	$4.15M	$29.00K	$0	$31.00K	$4.13M	$4.00K	$12.00K	$38.00K	$2.64M	$7.00K	$213.00K	$1.01M
Stock-based compensation	$4.34M	$3.37M	$3.80M	$3.22M	$4.90M	$3.90M	$2.21M	$2.28M	$3.63M	$2.60M	$2.50M	$15.41M
Depreciation & amortization	$39.72M	$36.97M	$22.28M	$37.08M	$25.21M	$27.85M	$27.72M	—	$23.44M	$34.80M	—	—

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.