RYN Financials Rayonier Inc

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 28 h ago Overview →

Growth & profitability

Revenue has declined 10.9% per year over the past 5 years.
Net income has grown faster than revenue (66.5% vs -10.9% per year).
Operating margin has expanded, at 17.3% in the latest year.
Free cash flow has grown 85.9% per year over the past 5 years.

Financial health

Total debt ($1.1B) exceeds cash ($843M); net debt is $207M.
Total debt has grown faster than revenue (-5.0% vs -10.9% per year).
Operating income covered interest expense 3.2× in the latest year.
Total debt is 13× EBITDA.

Shareholder returns

Dividends have been paid for 8 consecutive years, consuming 61.6% of earnings.
The dividend has grown 14.8% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$483M	$474M	32.3%	17.3%	—	$1.1B	$843M
2024	$986M	$359M	44.5%	36.9%	$177M	$1.1B	$303M
2023	$787M	$173M	32.8%	23.5%	$220M	$1.3B	$180M
2022	$576M	$107M	31.9%	23.5%	-$245M	$1.5B	$114M
2021	$1.1B	$153M	28.2%	24.3%	$70M	$1.4B	$362M
2020	$859M	$37M	17.0%	8.7%	$113M	$1.4B	$85M
2019	$712M	$59M	21.5%	15.0%	$8M	$1.1B	$69M
2018	$816M	$102M	25.8%	20.8%	$190M	$973M	$148M
2017	$820M	$149M	30.7%	26.3%	-$52M	$1.0B	$113M
2016	—	$212M	—	—	—	$1.1B	$86M
2015	—	$46M	—	—	—	$834M	$52M
2014	—	$99M	—	—	—	$752M	$162M
2013	—	$372M	—	—	—	$1.6B	$200M
2012	—	$279M	—	—	—	$1.3B	$281M
2011	—	$276M	—	—	—	$847M	$79M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$277M	-$12M	16.7%	-16.5%	—	$2.1B	$682M
Dec '25	$117M	$26M	41.8%	23.1%	—	$1.1B	$843M
Sep '25	$177M	$43M	32.7%	23.6%	$100M	$1.1B	$920M
Jun '25	$106M	$409M	29.5%	13.7%	—	$1.1B	$892M
Mar '25	$83M	-$3M	21.4%	0.1%	—	$1.0B	$216M
Dec '24	$650M	$327M	53.7%	51.1%	—	$1.1B	$303M
Sep '24	$124M	$29M	30.2%	15.2%	$42M	$1.3B	$52M
Jun '24	$99M	$2M	25.1%	4.6%	—	$1.4B	$120M
Mar '24	$113M	$1M	24.1%	7.6%	—	$1.4B	$142M
Dec '23	$467M	$127M	35.9%	31.1%	—	$1.3B	$180M
Sep '23	$201M	$19M	27.6%	17.6%	—	$1.5B	$108M
Jun '23	$209M	$19M	19.2%	9.6%	—	$1.5B	$88M
Mar '23	$179M	$8M	16.6%	5.9%	—	$1.5B	$99M
Dec '22	$245M	$33M	26.2%	18.0%	—	$1.5B	$114M
Sep '22	$195M	$21M	22.0%	21.0%	—	$1.3B	$262M
Jun '22	$246M	$24M	21.0%	14.4%	—	$1.3B	$280M
Mar '22	$222M	$29M	27.4%	20.4%	—	$1.2B	$260M
Dec '21	$262M	$9M	17.0%	12.8%	—	$1.4B	$362M
Sep '21	$364M	$76M	36.0%	33.8%	—	$1.2B	$432M
Jun '21	$291M	$57M	33.3%	29.0%	—	$1.3B	$314M

Valuation over time

How the market has priced RYN against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 93.4× (Mar '23) to 13.9× (Jun '26).
The price-to-sales ratio has fallen from 17.4× (Mar '23) to 13.6× (Jun '26).
The dividend yield has risen from 1.7% (Mar '23) to 4.4% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is RYN growing its revenue and profit?

Over the past 5 years, Rayonier Inc's revenue has declined 10.9% per year, and net income grown 66.5% per year. These are computed facts, not advice.

How much debt does RYN have?

As of FY2025, Rayonier Inc reported $1.1B of total debt against $843M of cash; operating income covered interest expense 3.2×.

What is RYN's profit margin?

In FY2025, gross margin was 32.3%, operating margin 17.3%, and net margin 98.2%.

What is RYN's P/E ratio?

As of Jun '26, Rayonier Inc traded at a price-to-earnings ratio of about 13.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.