RAYONIER INCRYNEarnings & Financial Report
Rayonier Inc., headquartered in Wildlight, Florida is a timberland real estate investment trust ("REIT") with assets located in softwood timber growing regions in the United States and New Zealand. Its core business segments are timber and real estate.
Revenue
$124.1M
Gross Profit
$37.8M
Operating Profit
$18.8M
Net Profit
$28.8M
Gross Margin
30.4%
Operating Margin
15.2%
Net Margin
23.2%
YoY Growth
-38.4%
EPS
$0.19
RAYONIER INC Q3 FY2024 Financial Summary
RAYONIER INC reported revenue of $124.1M (down 38.4% YoY) for Q3 FY2024, with a net profit of $28.8M (up 49.5% YoY) (23.2% margin). Cost of goods sold was $86.3M, operating expenses totaled $18.9M.
Key Financial Metrics
| Total Revenue | $124.1M |
|---|---|
| Net Profit | $28.8M |
| Gross Margin | 30.4% |
| Operating Margin | 15.2% |
| Report Period | Q3 FY2024 |
Revenue Breakdown
RAYONIER INC Q3 FY2024 revenue of $124.1M breaks down across 10 segments, led by Real Estate Segment at $30.1M (24.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Real Estate Segment | $30.1M | 24.2% |
| Delivered Wood | $23.7M | 19.1% |
| Stumpage Pay As Cut | $20.9M | 16.8% |
| Rural | $13.8M | 11.1% |
| Improved Development | $12.0M | 9.7% |
| Other Non Timber Carbon Credit Revenue | $8.6M | 6.9% |
| License Revenue Primarily From Hunting | $5.3M | 4.3% |
| Stumpage Lump Sum | $3.8M | 3.1% |
| Land Based Solutions | $2.8M | 2.2% |
| Conservation Easement | $1.1M | 0.9% |
RAYONIER INC Revenue by Segment — Quarterly Trend
RAYONIER INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Real Estate Segment and Delivered Wood) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Real Estate Segment | — | $42.3M | — | $29.4M |
| Delivered Wood | — | — | — | $24.6M |
| Stumpage Pay As Cut | — | $19.3M | — | — |
| Rural | — | — | $7.3M | — |
| Improved Development | — | $14.8M | $20.6M | $8.5M |
RAYONIER INC Annual Revenue by Year
RAYONIER INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $484.5M).
| Year | Annual Revenue |
|---|---|
| 2025 | $484.5M |
| 2024 | $987.9M |
| 2023 | $787.0M |
RAYONIER INC Quarterly Revenue & Net Profit History
RAYONIER INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $276.8M | +233.9% | $-12.4M | -4.5% |
| Q4 FY2025 | $117.5M | -81.9% | $25.9M | 22.1% |
| Q3 FY2025 | $177.5M | +43.1% | $43.2M | 24.3% |
| Q2 FY2025 | $106.5M | +6.9% | $408.7M | 383.6% |
| Q1 FY2025 | $82.9M | -27.1% | $-3.4M | -4.1% |
| Q4 FY2024 | $650.5M | +227.1% | $327.1M | 45.1% |
| Q3 FY2024 | $124.1M | -38.4% | $28.8M | 23.2% |
| Q2 FY2024 | $99.6M | -52.3% | $1.9M | 1.9% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $99.6M | $124.1M | $650.5M | $82.9M | $106.5M | $177.5M | $117.5M | $276.8M |
| YoY Growth | -52.3% | -38.4% | 227.1% | -27.1% | 6.9% | 43.1% | -81.9% | 233.9% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.54B | $3.48B | $3.47B | $3.35B | $3.51B | $3.49B | $3.40B | $7.75B |
| Liabilities | $1.73B | $1.69B | $1.71B | $1.44B | $1.21B | $1.21B | $1.19B | $2.42B |
| Equity | $1.81B | $1.79B | $1.77B | $1.92B | $2.30B | $2.28B | $2.21B | $5.33B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $55.3M | $66.2M | $261.6M | $27.7M | $61.0M | $116.2M | $256.7M |