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
$177.5M
Gross Profit
$58.4M
Operating Profit
$41.7M
Net Profit
$43.2M
Gross Margin
32.9%
Operating Margin
23.5%
Net Margin
24.3%
YoY Growth
43.1%
EPS
$0.28
RAYONIER INC Q3 FY2025 Financial Summary
RAYONIER INC reported revenue of $177.5M (up 43.1% YoY) for Q3 FY2025, with a net profit of $43.2M (up 50.2% YoY) (24.3% margin). Cost of goods sold was $119.1M, operating expenses totaled $16.7M.
Key Financial Metrics
| Total Revenue | $177.5M |
|---|---|
| Net Profit | $43.2M |
| Gross Margin | 32.9% |
| Operating Margin | 23.5% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
RAYONIER INC Q3 FY2025 revenue of $177.5M breaks down across 11 segments, led by Non Strategic Timberland at $53.5M (30.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Non Strategic Timberland | $53.5M | 30.1% |
| Sawtimber | $27.9M | 15.7% |
| Pulpwood | $22.3M | 12.5% |
| Improved Development | $20.6M | 11.6% |
| Pacific Northwest Timber Segment | $19.9M | 11.2% |
| Real Estate Other | $8.9M | 5.0% |
| Rural | $7.3M | 4.1% |
| Other Non Timber | $6.5M | 3.6% |
| License Revenue Primarily From Hunting | $5.3M | 3.0% |
| Land Based Solutions | $2.8M | 1.6% |
| Hardwood | $2.1M | 1.2% |
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 Non Strategic Timberland and Sawtimber) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Non Strategic Timberland | — | — | $53.5M | — |
| Sawtimber | — | — | $27.9M | $23.4M |
| Pulpwood | — | — | $22.3M | — |
| Improved Development | — | $14.8M | $20.6M | $8.5M |
| Pacific Northwest Timber Segment | — | $19.8M | $19.9M | — |
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 |