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
$106.5M
Gross Profit
$31.6M
Operating Profit
$14.5M
Net Profit
$408.7M
Gross Margin
29.7%
Operating Margin
13.7%
Net Margin
383.6%
YoY Growth
6.9%
EPS
$2.63
RAYONIER INC Q2 FY2025 Financial Summary
RAYONIER INC reported revenue of $106.5M (up 6.9% YoY) for Q2 FY2025, with a net profit of $408.7M (up 21377.0% YoY) (383.6% margin). Cost of goods sold was $74.9M, operating expenses totaled $17.1M.
Key Financial Metrics
| Total Revenue | $106.5M |
|---|---|
| Net Profit | $408.7M |
| Gross Margin | 29.7% |
| Operating Margin | 13.7% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
RAYONIER INC Q2 FY2025 revenue of $106.5M breaks down across 9 segments, led by Real Estate Segment at $29.4M (27.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Real Estate Segment | $29.4M | 27.6% |
| Delivered Wood | $24.6M | 23.1% |
| Sawtimber | $23.4M | 22.0% |
| Nontimber | $9.6M | 9.0% |
| Improved Development | $8.5M | 8.0% |
| License Revenue Primarily From Hunting | $5.3M | 5.0% |
| Unimproved Development | $3.0M | 2.8% |
| Real Estate Other | $1.9M | 1.8% |
| Other Non Timber | $1.4M | 1.4% |
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 |
| Sawtimber | — | — | $27.9M | $23.4M |
| Nontimber | — | $13.2M | — | $9.6M |
| 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 |