RYN · Rayonier Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $484.49M | $1.26B | $1.06B | $909.07M | $1.11B | $859.15M |
| Cost of Revenue | $327.20M | $784.83M | $762.57M | $688.28M | $796.12M | $712.44M |
| Gross Profit | $157.28M | $478.16M | $294.36M | $220.79M | $313.48M | $146.72M |
| R&D | - | - | - | - | - | - |
| SG&A | $66.69M | $74.42M | $74.77M | $64.67M | $57.79M | $50.65M |
| Total Operating Expenses | $401.15M | $860.53M | $845.65M | $743.25M | $839.82M | $784.77M |
| D&A | - | $113.85M | $249.36M | $155.67M | $248.50M | $200.37M |
| Operating Income | $83.34M | $402.47M | $211.28M | $165.82M | $269.77M | $74.39M |
| Interest Expense | $26.35M | $36.92M | $48.34M | $36.21M | $44.91M | $38.77M |
| Income Tax | $527.0K | $7.05M | $5.12M | $9.39M | $14.66M | $7.01M |
| Net Income | $474.38M | $359.15M | $173.49M | $107.08M | $152.55M | $37.08M |
| EPS - Basic | $3.07 | $2.41 | $1.17 | $0.73 | $1.08 | $0.28 |
| EPS - Diluted | $3.03 | $2.39 | $1.17 | $0.73 | $1.08 | $0.27 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $842.94M | $323.16M | $207.70M | $114.25M | $362.17M | $84.51M |
| Accounts Receivable | $9.10M | $26.97M | $28.65M | $42.54M | $30.02M | $49.08M |
| Inventory | $6.83M | $32.34M | $31.02M | $23.73M | $28.52M | $10.59M |
| Accounts Payable | $12.78M | $26.06M | $26.56M | $22.10M | $23.45M | $24.79M |
| Current Assets | $883.75M | $436.89M | $316.96M | $202.38M | $451.43M | $170.56M |
| Total Assets | $3.40B | $3.47B | $3.65B | $3.79B | $3.64B | $3.73B |
| Current Liabilities | $271.28M | $388.71M | $140.28M | $95.33M | $231.72M | $91.14M |
| Long-term Debt | $845.34M | $1.09B | $1.37B | $1.51B | $1.24B | $1.36B |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $2.21B | $1.77B | $1.86B | $1.87B | $1.77B | $1.47B |
| Retained Earnings | $280.87M | $257.25M | $338.24M | $366.64M | $402.31M | $446.27M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $256.66M | $261.59M | $298.38M | $269.19M | $325.11M | $204.17M |
| Investing Cash Flow | $615.05M | $354.01M | $124.09M | ($516.36M) | ($26.25M) | ($213.64M) |
| Financing Cash Flow | ($372.87M) | ($479.36M) | ($328.87M) | ($4.59M) | ($16.31M) | $27.00M |
| CapEx | - | $102.53M | $95.51M | $74.81M | $75.97M | $66.50M |
| Free Cash Flow | - | $159.06M | $202.87M | $194.38M | $249.15M | $137.67M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 32.5% | 37.9% | 27.9% | 24.3% | 28.3% | 17.1% |
| Operating margin | 17.2% | 31.9% | 20.0% | 18.2% | 24.3% | 8.7% |
| EBITDA margin | - | 40.9% | 43.6% | 35.4% | 46.7% | 32.0% |
| Net margin | 97.9% | 28.4% | 16.4% | 11.8% | 13.7% | 4.3% |
| Free cash flow margin | - | 12.6% | 19.2% | 21.4% | 22.5% | 16.0% |
| FCF / Net income | - | 0.44 | 1.17 | 1.82 | 1.63 | 3.71 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 13.8% | 5.9% | 7.1% | 7.1% | 5.2% | 5.9% |
| Effective tax rate | 0.1% | 1.9% | 2.9% | 8.1% | 8.8% | 15.9% |
| Return on assets | 13.9% | 10.3% | 4.8% | 2.8% | 4.2% | 1.0% |
| Return on equity | 21.5% | 20.3% | 9.3% | 5.7% | 8.6% | 2.5% |
| Return on invested capital | 2.7% | 13.8% | 6.4% | 4.5% | 8.2% | 2.2% |
| Liquidity | ||||||
| Current ratio | 3.26 | 1.12 | 2.26 | 2.12 | 1.95 | 1.87 |
| Quick ratio | 3.23 | 1.04 | 2.04 | 1.87 | 1.83 | 1.76 |
| Cash ratio | 3.11 | 0.83 | 1.48 | 1.20 | 1.56 | 0.93 |
| Leverage | ||||||
| Debt / Equity | 0.38 | 0.62 | 0.73 | 0.81 | 0.70 | 0.92 |
| Debt / Assets | 0.25 | 0.31 | 0.37 | 0.40 | 0.34 | 0.36 |
| Debt / EBITDA | - | 2.11 | 2.96 | 4.71 | 2.40 | 4.95 |
| Interest coverage | 3.2x | 10.9x | 4.4x | 4.6x | 6.0x | 1.9x |
| Equity multiplier | 1.54 | 1.96 | 1.96 | 2.03 | 2.05 | 2.53 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.14 | 0.36 | 0.29 | 0.24 | 0.31 | 0.23 |
| Inventory turnover | 47.88 | 24.27 | 24.59 | 29.01 | 27.91 | 67.25 |
| Days sales outstanding | 7d | 8d | 10d | 17d | 10d | 21d |
| Days inventory outstanding | 8d | 15d | 15d | 13d | 13d | 5d |
| Days payable outstanding | 14d | 12d | 13d | 12d | 11d | 13d |
| Cash conversion cycle | 0d | 11d | 12d | 18d | 12d | 14d |
| Valuation | ||||||
| P / E | 7.1x | 10.9x | 28.6x | 45.2x | 37.4x | 108.8x |
| P / B | 1.6x | 2.2x | 2.7x | 2.7x | 3.3x | 2.7x |
| P / S | 7.1x | 3.1x | 4.8x | 5.4x | 5.3x | 4.7x |
| EV / EBITDA | - | 9.2x | 13.5x | 19.8x | 13.0x | 19.3x |
| Growth | ||||||
| Revenue growth (YoY) | -61.6% | 19.5% | 16.3% | -18.1% | 29.1% | 4.8% |
| Revenue CAGR (3y) | -18.9% | 4.4% | 7.1% | 3.5% | 10.8% | 1.6% |
| Revenue CAGR (5y) | -10.8% | 9.0% | 5.3% | 2.1% | 7.1% | 9.5% |
| Gross profit growth (YoY) | -67.1% | 62.4% | 33.3% | -29.6% | 113.7% | -43.8% |
| Operating income growth (YoY) | -79.3% | 90.5% | 27.4% | -38.5% | 262.7% | -30.5% |
| Net income growth (YoY) | 32.1% | 107.0% | 62.0% | -29.8% | 311.4% | -37.3% |
| EPS growth (YoY) | 26.8% | 104.3% | 60.3% | -32.4% | 300.0% | -41.3% |
| EPS CAGR (3y) | 60.7% | 30.3% | 63.0% | 16.6% | 11.0% | -38.5% |
| EPS CAGR (5y) | 62.2% | 39.0% | 8.2% | -8.8% | -9.0% | -6.1% |
| FCF growth (YoY) | - | -21.6% | 4.4% | -22.0% | 81.0% | -8.4% |
| FCF CAGR (5y) | - | 1.1% | -3.9% | 0.4% | 11.4% | 2.8% |
| Book value growth (YoY) | 24.9% | -4.9% | -0.3% | 5.3% | 20.2% | 2.4% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- ✓Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing RAYONIER INC against the 5 most active filers in the same SIC group.
Dividends
$2.48/share trailing 12 months · -15.3% YoY
| Ex-date | Per share |
|---|---|
| Mar 17, 2026 | $0.2600 |
| Dec 10, 2025 | $0.2730 |
| Oct 24, 2025 | $1.4000 |
| Sep 16, 2025 | $0.2730 |
| Jun 16, 2025 | $0.2730 |
| Mar 17, 2025 | $0.2730 |
| Dec 17, 2024 | $0.2850 |
| Dec 12, 2024 | $1.8000 |
| Sep 16, 2024 | $0.2850 |
| Jun 14, 2024 | $0.2850 |
| Mar 13, 2024 | $0.2850 |
| Dec 28, 2023 | $0.2000 |
| Dec 14, 2023 | $0.2850 |
| Sep 14, 2023 | $0.2850 |
| Jun 15, 2023 | $0.2850 |
| Mar 16, 2023 | $0.2850 |
| Dec 15, 2022 | $0.2850 |
| Sep 15, 2022 | $0.2850 |
| Jun 15, 2022 | $0.2850 |
| Mar 16, 2022 | $0.2700 |
| Dec 16, 2021 | $0.2700 |
| Sep 15, 2021 | $0.2700 |
| Jun 15, 2021 | $0.2700 |
| Mar 16, 2021 | $0.2700 |