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 Aug 9, 2026, 10:12 UTC 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

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
2025	$483M	$474M	32.3%	17.3%	21.5%	13.9%	—	$1.1B	$843M
2024	$986M	$359M	44.5%	36.9%	20.3%	10.3%	$177M	$1.1B	$303M
2023	$787M	$173M	32.8%	23.5%	9.3%	4.8%	$220M	$1.3B	$180M
2022	$576M	$107M	31.9%	23.5%	5.7%	2.8%	-$245M	$1.5B	$114M
2021	$1.1B	$153M	28.2%	24.3%	8.6%	4.2%	$70M	$1.4B	$362M
2020	$859M	$37M	17.0%	8.7%	2.5%	1.0%	$113M	$1.4B	$85M
2019	$712M	$59M	21.5%	15.0%	4.1%	2.1%	$8M	$1.1B	$69M
2018	$816M	$102M	25.8%	20.8%	6.6%	3.7%	$190M	$973M	$148M
2017	$820M	$149M	30.7%	26.3%	9.3%	5.2%	-$52M	$1.0B	$113M
2016	—	$212M	—	—	15.0%	7.9%	—	$1.1B	$86M
2015	—	$46M	—	—	3.6%	2.0%	—	$834M	$52M
2014	—	$99M	—	—	6.7%	4.0%	—	$752M	$162M
2013	—	$372M	—	—	22.4%	10.1%	—	$1.6B	$200M
2012	—	$279M	—	—	19.4%	8.9%	—	$1.3B	$281M
2011	—	$276M	—	—	20.9%	10.7%	—	$847M	$79M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
Mar '26	$277M	-$12M	16.7%	-16.5%	-0.2%	-0.2%	—	$2.1B	$682M
Dec '25	$117M	$26M	41.8%	23.1%	1.2%	0.8%	—	$1.1B	$843M
Sep '25	$177M	$43M	32.7%	23.6%	1.9%	1.2%	$100M	$1.1B	$920M
Jun '25	$106M	$409M	29.5%	13.7%	17.8%	11.6%	—	$1.1B	$892M
Mar '25	$83M	-$3M	21.4%	0.1%	-0.2%	-0.1%	—	$1.0B	$216M
Dec '24	$650M	$327M	53.7%	51.1%	18.5%	9.4%	—	$1.1B	$303M
Sep '24	$124M	$29M	30.2%	15.2%	1.6%	0.8%	$42M	$1.3B	$52M
Jun '24	$99M	$2M	25.1%	4.6%	0.1%	0.1%	—	$1.4B	$120M
Mar '24	$113M	$1M	24.1%	7.6%	0.1%	0.0%	—	$1.4B	$142M
Dec '23	$467M	$127M	35.9%	31.1%	6.8%	3.5%	—	$1.3B	$180M
Sep '23	$201M	$19M	27.6%	17.6%	1.1%	0.5%	—	$1.5B	$108M
Jun '23	$209M	$19M	19.2%	9.6%	1.0%	0.5%	—	$1.5B	$88M
Mar '23	$179M	$8M	16.6%	5.9%	0.5%	0.2%	—	$1.5B	$99M
Dec '22	$245M	$33M	26.2%	18.0%	1.8%	0.9%	—	$1.5B	$114M
Sep '22	$195M	$21M	22.0%	21.0%	1.1%	0.6%	—	$1.3B	$262M
Jun '22	$246M	$24M	21.0%	14.4%	1.3%	0.7%	—	$1.3B	$280M
Mar '22	$222M	$29M	27.4%	20.4%	1.6%	0.8%	—	$1.2B	$260M
Dec '21	$262M	$9M	17.0%	12.8%	0.5%	0.2%	—	$1.4B	$362M
Sep '21	$364M	$76M	36.0%	33.8%	4.4%	2.0%	—	$1.2B	$432M
Jun '21	$291M	$57M	33.3%	29.0%	3.6%	1.4%	—	$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 12.8× (Nov '26).
The price-to-sales ratio has fallen from 17.4× (Mar '23) to 12.6× (Nov '26).
The dividend yield has risen from 1.7% (Mar '23) to 4.8% (Nov '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?

Rayonier Inc's P/E (TTM) is 13.03 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the RYN stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 12.8× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.