Rayonier Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	484.49	987.93	788.37	909.07	1,110
Revenue Growth (YoY)	-50.96%	25.31%	-13.28%	-18.07%	29.15%
Cost of Revenue	327.21	547.58	528.92	688.28	796.12
Gross Profit	157.28	440.35	259.46	220.79	313.48
Selling, General & Admin	66.69	74.44	74.8	64.67	57.79
Other Operating Expenses	7.26	1.8	-0.04	-9.7	-14.08
Total Operating Expenses	73.94	76.24	74.76	54.97	43.71
Operating Income	83.34	364.11	184.7	165.82	269.78
Interest Income	24.29	8.21	1.78	2.57	0.28
Interest Expense	-26.35	-33.76	-45.14	-36.21	-44.91
Other Non-Operating Income (Expense)	-6.69	1.28	18.28	-	-
Total Non-Operating Income (Expense)	-8.74	-24.27	-25.09	-33.64	-44.63
Pretax Income	74.59	339.84	159.61	132.18	225.15
Provision for Income Taxes	0.53	-1.02	0.29	9.39	14.66
Net Income	474.38	359.15	173.49	107.08	152.55
Minority Interest in Earnings	6.42	-0.17	0.81	15.71	57.94
Earnings From Discontinued Operations	808.93	0	0	-	-
Net Income to Common	474.38	359.15	173.49	107.08	152.55
Net Income Growth	32.09%	107.01%	62.03%	-29.81%	311.36%
Shares Outstanding (Basic)	155	149	148	146	141
Shares Outstanding (Diluted)	159	152	151	150	145
Shares Change (YoY)	4.35%	0.68%	0.61%	3.34%	6.10%
EPS (Basic)	3.07	2.41	1.17	0.73	1.08
EPS (Diluted)	3.03	2.39	1.17	0.73	1.08
EPS Growth	26.78%	104.27%	60.27%	-32.41%	300.00%
Shares Outstanding	161.43	148.54	148.3	147.28	145.37
Free Cash Flow	177.07	133.24	179.79	-277.85	57.51
Free Cash Flow Growth	32.90%	-25.89%	-	-	-46.01%
Free Cash Flow Per Share	1.12	0.88	1.19	-1.85	0.40
Dividends Per Share	1.090	1.140	1.140	1.125	1.080
Dividend Growth	-4.39%	-	1.33%	4.17%	-
Gross Margin	32.46%	44.57%	32.91%	24.29%	28.25%
Operating Margin	17.20%	36.86%	23.43%	18.24%	24.31%
Profit Margin	15.29%	34.50%	20.21%	13.51%	18.97%
FCF Margin	36.55%	13.49%	22.80%	-30.56%	5.18%
EBITDA	198.87	504.36	342.93	313.16	425.5
EBITDA Margin	41.05%	51.05%	43.50%	34.45%	38.35%
EBIT	83.34	364.11	184.7	165.82	269.78
EBIT Margin	17.20%	36.86%	23.43%	18.24%	24.31%
Effective Tax Rate	0.71%	-0.30%	0.18%	7.10%	6.51%

Updated Feb 11, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q