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Rayonier (RYN) Financials

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$23.38 -0.21 (-0.90%)
Closing price 05/28/2025 03:59 PM Eastern
Extended Trading
$23.54 +0.16 (+0.67%)
As of 08:00 AM Eastern
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Annual Income Statements for Rayonier

Annual Income Statements for Rayonier

This table shows Rayonier's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders
359 173 107 153 37 59 102 149 212 46
Consolidated Net Income / (Loss)
369 178 123 210 30 68 117 162 218 44
Net Income / (Loss) Continuing Operations
369 178 123 210 30 68 117 162 218 44
Total Pre-Tax Income
376 184 132 225 37 81 143 183 223 43
Total Operating Income
402 211 166 270 74 107 170 215 256 78
Total Gross Profit
478 294 221 313 147 153 211 251 289 127
Total Revenue
1,263 1,057 909 1,110 859 712 816 820 816 569
Operating Revenue
1,263 1,057 909 1,110 859 712 816 820 816 569
Total Cost of Revenue
785 763 688 796 712 558 605 568 526 442
Operating Cost of Revenue
785 763 688 796 712 558 605 568 526 442
Total Operating Expenses
76 83 55 44 72 46 41 36 34 49
Selling, General & Admin Expense
74 75 65 58 51 42 42 40 43 46
Other Operating Expenses / (Income)
1.28 8.31 -9.70 -14 22 4.53 -1.14 -4.39 -9.09 3.55
Total Other Income / (Expense), net
-26 -28 -34 -45 -38 -26 -28 -32 -33 -35
Interest Expense
37 48 36 45 39 32 32 34 32 32
Other Income / (Expense), net
10 21 2.57 0.28 1.17 5.31 4.56 1.84 -0.70 -3.00
Income Tax Expense
7.05 5.12 9.39 15 7.01 13 25 22 5.06 -0.86
Net Income / (Loss) Attributable to Noncontrolling Interest
9.84 5.00 16 58 -7.30 8.57 15 13 5.80 -2.22
Basic Earnings per Share
$2.41 $1.17 $0.73 $1.08 $0.28 $0.92 $1.58 $1.17 $1.73 $0.37
Weighted Average Basic Shares Outstanding
158.19M 150.74M 150.49M 148.68M 142.11M 129.33M 129.49M 127.37M 122.59M 125.39M
Diluted Earnings per Share
$2.39 $1.17 $0.73 $1.08 $0.27 $0.92 $1.58 $1.16 $1.73 $0.37
Weighted Average Diluted Shares Outstanding
158.19M 150.74M 150.49M 148.68M 142.11M 129.33M 129.49M 127.37M 122.59M 125.39M
Weighted Average Basic & Diluted Shares Outstanding
158.19M 150.74M 150.49M 148.68M 142.11M 129.33M 129.49M 127.37M 122.59M 125.39M
Cash Dividends to Common per Share
$2.94 $1.34 $1.13 $1.08 $1.08 $1.08 $1.06 $1.00 $1.00 $1.00

Quarterly Income Statements for Rayonier

This table shows Rayonier's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
-3.42 327 29 1.90 1.36 127 19 19 8.30 33 21
Consolidated Net Income / (Loss)
-3.09 333 30 3.04 2.31 129 23 19 7.44 35 32
Net Income / (Loss) Continuing Operations
-5.59 333 30 3.04 2.31 129 23 19 7.44 35 32
Total Pre-Tax Income
-5.30 341 30 3.54 1.47 133 23 19 8.48 36 33
Total Operating Income
0.06 346 28 12 16 145 35 20 11 44 41
Total Gross Profit
18 361 48 35 35 168 56 40 30 64 43
Total Revenue
83 726 195 174 168 467 202 209 179 245 195
Operating Revenue
83 726 195 174 168 467 202 209 179 245 195
Total Cost of Revenue
65 366 147 139 133 299 146 168 149 181 152
Operating Cost of Revenue
65 366 147 139 133 299 146 168 149 181 152
Total Operating Expenses
18 14 20 22 19 23 21 20 19 20 2.31
Selling, General & Admin Expense
17 17 18 21 19 20 19 19 17 16 17
Other Operating Expenses / (Income)
1.22 -2.26 1.91 1.89 -0.27 2.74 1.65 1.40 2.52 4.69 -15
Total Other Income / (Expense), net
-5.36 -5.66 2.87 -8.91 -15 -13 -12 -0.81 -2.15 -8.16 -7.80
Interest Expense
6.39 7.34 10 9.81 9.74 12 13 12 12 9.73 9.06
Interest & Investment Income
2.88 - - - - - - - - - -
Other Income / (Expense), net
-1.84 1.68 13 0.91 -4.99 -1.05 0.53 12 9.55 1.58 1.25
Income Tax Expense
0.29 7.35 0.04 0.50 -0.83 3.34 0.55 0.19 1.04 1.33 1.24
Net Income / (Loss) Discontinued Operations
2.51 - - - - - - - - - -
Net Income / (Loss) Attributable to Noncontrolling Interest
0.34 6.07 1.68 1.13 0.95 2.29 3.50 0.07 -0.86 1.57 11
Basic Earnings per Share
($0.02) $2.20 $0.19 $0.01 $0.01 $0.85 $0.13 $0.13 $0.06 $0.23 $0.14
Weighted Average Basic Shares Outstanding
157.86M 158.19M 151.01M 151.01M 150.97M 150.74M 150.74M 150.74M 150.70M 150.49M 149.63M
Diluted Earnings per Share
($0.02) $2.18 $0.19 $0.01 $0.01 $0.85 $0.13 $0.13 $0.06 $0.23 $0.14
Weighted Average Diluted Shares Outstanding
157.86M 158.19M 151.01M 151.01M 150.97M 150.74M 150.74M 150.74M 150.70M 150.49M 149.63M
Weighted Average Basic & Diluted Shares Outstanding
157.86M 158.19M 151.01M 151.01M 150.97M 150.74M 150.74M 150.74M 150.70M 150.49M 149.63M
Cash Dividends to Common per Share
$0.27 - $0.29 $0.29 $0.29 - $0.29 $0.29 $0.29 - $0.29

Annual Cash Flow Statements for Rayonier

This table details how cash moves in and out of Rayonier's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Change in Cash & Equivalents
135 93 -254 282 18 -86 -148 15 82 -110
Net Cash From Operating Activities
262 298 269 325 204 214 310 256 204 177
Net Cash From Continuing Operating Activities
262 298 269 325 204 214 310 256 204 177
Net Income / (Loss) Continuing Operations
369 178 123 210 30 68 117 162 218 44
Consolidated Net Income / (Loss)
369 178 123 210 30 68 117 162 218 44
Depreciation Expense
140 158 147 156 165 128 144 128 115 114
Amortization Expense
0.00 0.01 0.75 1.17 0.87 0.45 0.68 0.47 2.05 4.01
Non-Cash Adjustments To Reconcile Net Income
-226 -57 25 -70 25 19 30 -48 -127 17
Changes in Operating Assets and Liabilities, net
-21 19 -27 27 -16 -1.58 18 15 -4.06 -1.97
Net Cash From Investing Activities
354 124 -516 -26 -214 -219 -133 -235 -235 -166
Net Cash From Continuing Investing Activities
354 124 -516 -26 -214 -219 -133 -235 -235 -166
Purchase of Property, Plant & Equipment
-80 -81 -75 -76 -67 -64 -62 -71 -65 -58
Sale of Property, Plant & Equipment
485 240 29 240 116 0.00 0.00 95 204 0.00
Other Investing Activities, net
-51 -34 -471 -191 -32 -155 -71 -259 -373 -111
Net Cash From Financing Activities
-479 -329 -4.59 -16 27 -80 -194 -6.87 114 -116
Net Cash From Continuing Financing Activities
-479 -329 -4.59 -16 27 -80 -325 -6.87 114 -116
Repayment of Debt
-250 -150 -533 -431 -154 -0.13 -54 -100 -460 -366
Repurchase of Common Equity
-4.18 -4.22 -4.23 -1.62 -1.61 -4.25 -2.98 -0.18 -0.69 -100
Payment of Dividends
-201 -170 -166 -154 -146 -141 -285 -127 -123 -125
Issuance of Debt
0.00 0.00 657 446 320 82 9.61 63 696 473
Issuance of Common Equity
0.00 -0.01 64 237 34 1.26 8.59 157 1.58 2.12
Other Financing Activities, net
-25 -4.66 -23 -113 -25 -17 2.03 0.00 0.00 -
Other Net Changes in Cash
-1.42 -0.62 -1.97 -0.89 -0.02 -1.70 - 0.58 -0.94 -
Cash Interest Paid
39 49 36 43 41 33 33 36 36 33
Cash Income Taxes Paid
5.88 4.82 15 7.39 0.82 1.69 2.15 0.51 0.50 0.28

Quarterly Cash Flow Statements for Rayonier

This table details how cash moves in and out of Rayonier's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
-110 266 -65 -18 -48 99 16 -10 -12 -164 -17
Net Cash From Operating Activities
28 88 66 55 52 89 83 62 64 59 61
Net Cash From Continuing Operating Activities
28 88 66 55 52 89 83 62 64 59 61
Net Income / (Loss) Continuing Operations
-3.09 333 30 3.04 2.31 129 23 19 7.44 35 32
Consolidated Net Income / (Loss)
-3.09 333 30 3.04 2.31 129 23 19 7.44 35 32
Depreciation Expense
28 34 33 36 37 44 37 40 38 33 31
Non-Cash Adjustments To Reconcile Net Income
4.68 -264 14 11 12 -90 9.95 14 9.01 -6.37 6.87
Changes in Operating Assets and Liabilities, net
-1.72 -15 -12 4.88 1.07 5.92 13 -10 9.91 -2.28 -8.62
Net Cash From Investing Activities
-21 429 -27 -23 -24 204 -23 -24 -32 -461 -21
Net Cash From Continuing Investing Activities
-21 429 -27 -23 -24 204 -23 -24 -32 -461 -21
Purchase of Property, Plant & Equipment
-15 -27 -16 -18 -19 -28 -16 -18 -19 -27 -18
Other Investing Activities, net
-6.76 -29 -11 -5.32 -5.18 -7.82 -6.87 -6.22 -13 -463 -3.51
Net Cash From Financing Activities
-116 -249 -105 -50 -75 -195 -43 -48 -43 233 -53
Net Cash From Continuing Financing Activities
-116 -249 -105 -50 -75 -195 -43 -48 -43 233 -53
Repurchase of Common Equity
-0.04 -0.01 -0.00 -4.13 -0.03 - -0.03 -4.15 -0.04 - -0.02
Payment of Dividends
-110 -42 -43 -43 -72 -42 -42 -43 -42 -42 -42
Other Financing Activities, net
-6.00 -17 -2.24 -2.63 -2.80 -2.40 -0.70 -0.71 -0.86 -3.88 -11
Other Net Changes in Cash
0.03 -1.28 0.76 0.06 -0.96 0.31 -0.06 -0.51 -0.36 4.07 -3.79
Cash Income Taxes Paid
3.12 0.38 1.65 1.99 1.85 0.17 0.96 1.49 2.20 0.50 0.30

Annual Balance Sheets for Rayonier

This table presents Rayonier's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Total Assets
3,474 3,648 3,789 113 3,729 5,722 2,781 2,858 2,686 2,316
Total Current Assets
437 317 202 6.34 171 252 208 184 165 106
Cash & Equivalents
323 208 114 - 85 137 148 113 86 52
Restricted Cash
19 - - 6.34 - - - - - -
Accounts Receivable
40 40 43 - 49 54 26 28 21 20
Inventories, net
32 31 24 - 11 29 16 24 21 15
Prepaid Expenses
16 19 21 - 16 29 17 16 12 13
Other Current Assets
0.68 9.07 0.57 - 6.77 1.73 0.61 3.05 25 5.68
Other Current Nonoperating Assets
5.37 9.93 0.71 - 3.45 0.00 - - - -
Plant, Property, & Equipment, net
18 27 27 0.00 30 208 108 104 84 2,139
Plant, Property & Equipment, gross
38 46 45 - 43 64 31 33 23 16
Accumulated Depreciation
19 19 18 - 12 19 7.98 9.27 9.06 9.07
Total Noncurrent Assets
3,019 3,304 3,560 107 3,525 5,262 2,464 2,571 2,437 71
Long-Term Investments
0.68 0.68 1.15 - 0.00 2.47 8.08 60 72 24
Other Noncurrent Operating Assets
3,018 3,303 3,559 107 3,525 5,259 2,456 2,511 2,365 48
Total Liabilities & Shareholders' Equity
3,474 3,648 3,789 1,835 3,729 5,722 2,781 2,858 2,686 2,316
Total Liabilities
1,642 1,688 1,803 0.00 1,736 3,620 1,126 1,166 1,189 954
Total Current Liabilities
389 140 95 0.00 91 302 64 69 92 59
Short-Term Debt
19 0.00 - - 0.00 164 0.00 3.38 32 0.00
Accounts Payable
26 27 22 - 25 36 18 25 22 21
Current Deferred Revenue
21 19 23 - 11 23 10 9.72 9.10 -
Current Deferred & Payable Income Tax Liabilities
4.24 4.39 3.73 - 7.35 6.06 3.18 3.78 2.66 3.69
Current Employee Benefit Liabilities
16 23 13 - 12 18 10 9.66 9.28 7.04
Other Current Liabilities
297 61 28 - 29 45 16 12 12 21
Other Current Nonoperating Liabilities
5.23 7.09 5.92 - 6.33 10 5.01 5.05 5.34 6.15
Total Noncurrent Liabilities
1,253 1,548 1,708 0.00 1,645 3,317 1,063 1,097 1,097 895
Long-Term Debt
1,090 1,366 1,515 - 1,361 2,919 973 1,022 1,030 831
Noncurrent Deferred Revenue
11 11 6.90 - - - - - - -
Noncurrent Employee Benefit Liabilities
1.35 1.44 8.51 - 23 51 30 32 32 34
Other Noncurrent Operating Liabilities
152 82 177 - 161 166 60 43 35 30
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest
52 82 106 - 130 0.00 - - - -
Total Equity & Noncontrolling Interests
1,781 1,878 1,881 1,816 1,863 1,538 1,655 1,693 1,497 1,362
Total Preferred & Common Equity
1,769 1,861 1,865 1,772 1,474 1,440 1,557 1,593 1,412 1,288
Total Common Equity
1,769 1,861 1,865 1,791 1,474 1,440 1,557 1,593 1,412 1,288
Common Stock
1,522 1,498 1,463 1,389 1,102 888 884 872 710 709
Retained Earnings
257 338 367 402 446 583 672 707 701 613
Accumulated Other Comprehensive Income / (Loss)
-10 25 36 - -74 -31 0.24 13 0.86 -34
Noncontrolling Interest
11 17 15 44 389 98 98 100 85 74

Quarterly Balance Sheets for Rayonier

This table presents Rayonier's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets
3,351 3,479 3,539 3,570 3,708 3,722 120 3,472
Total Current Assets
767 277 230 280 223 197 0.00 355
Cash & Equivalents
216 74 142 160 108 88 - 262
Restricted Cash
0.00 - - - - - - 1.46
Accounts Receivable
17 49 40 40 41 50 - 37
Inventories, net
33 19 24 44 33 32 - 31
Prepaid Expenses
9.87 21 20 20 20 19 - 20
Other Current Assets
7.41 7.70 3.55 5.87 1.93 2.99 - 0.44
Other Current Nonoperating Assets
483 106 1.02 10 18 4.16 - 2.36
Plant, Property, & Equipment, net
18 24 26 26 26 26 0.00 28
Plant, Property & Equipment, gross
36 45 46 46 44 45 - 44
Accumulated Depreciation
19 20 20 20 18 19 - 17
Total Noncurrent Assets
2,566 3,178 3,283 3,263 3,459 3,498 120 3,089
Long-Term Investments
0.68 3.02 0.68 0.68 1.80 4.96 - 16
Other Noncurrent Operating Assets
2,566 3,175 3,282 3,263 3,457 3,399 120 3,073
Other Noncurrent Nonoperating Assets
0.00 - - - - - - -
Total Liabilities & Shareholders' Equity
3,351 3,479 3,539 3,570 3,708 3,722 1,845 3,472
Total Liabilities
1,368 1,612 1,659 1,655 1,806 1,806 11 1,551
Total Current Liabilities
283 139 116 114 111 103 0.00 112
Accounts Payable
11 29 26 34 26 23 - 27
Current Deferred Revenue
18 30 34 21 24 33 - 23
Current Deferred & Payable Income Tax Liabilities
3.49 8.31 5.95 5.57 8.92 6.98 - 8.82
Current Employee Benefit Liabilities
6.42 11 10 7.90 10 7.90 - 11
Other Current Liabilities
8.11 30 34 35 31 24 - 36
Other Current Nonoperating Liabilities
236 9.05 6.30 9.91 11 7.30 - 7.18
Total Noncurrent Liabilities
1,085 1,472 1,543 1,541 1,695 1,703 11 1,439
Long-Term Debt
1,045 1,285 1,364 1,362 1,511 1,512 - 1,258
Capital Lease Obligations
15 87 84 83 85 86 - -
Noncurrent Deferred Revenue
12 14 15 15 11 11 11 -
Other Noncurrent Operating Liabilities
13 85 78 79 79 85 - 172
Other Noncurrent Nonoperating Liabilities
0.00 - - - - - - -
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest
58 65 59 70 70 78 - 96
Total Equity & Noncontrolling Interests
1,925 1,803 1,821 1,846 1,832 1,839 1,855 1,825
Total Preferred & Common Equity
1,915 1,787 1,807 1,831 1,816 1,825 1,841 1,813
Total Common Equity
1,915 1,787 1,807 1,831 1,816 1,825 1,820 1,813
Common Stock
1,725 1,520 1,515 1,512 1,494 1,490 1,489 1,431
Retained Earnings
204 244 264 297 295 311 330 384
Accumulated Other Comprehensive Income / (Loss)
-14 24 28 22 28 24 - -1.60
Noncontrolling Interest
10 16 14 14 16 13 14 11

Annual Metrics And Ratios for Rayonier

This table displays calculated financial ratios and metrics derived from Rayonier's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Growth Metrics
- - - - - - - - - -
Revenue Growth
19.50% 16.27% -18.07% 29.15% 20.74% -12.81% -0.42% 0.45% 43.45% -5.75%
EBITDA Growth
41.77% 23.29% -25.87% 76.85% 0.17% -24.55% -7.51% -7.23% 93.39% -24.64%
EBIT Growth
78.03% 37.75% -37.65% 257.40% -32.74% -35.67% -19.65% -14.80% 241.10% -16.06%
NOPAT Growth
92.28% 33.33% -38.92% 318.83% -32.98% -35.81% -26.33% -23.99% 215.07% -33.52%
Net Income Growth
106.72% 45.36% -41.66% 606.71% -55.99% -42.32% -27.39% -25.80% 395.60% -55.09%
EPS Growth
104.27% 60.27% -32.41% 300.00% -70.65% -41.77% 36.21% -32.95% 367.57% -51.32%
Operating Cash Flow Growth
-12.33% 10.84% -17.20% 59.23% -4.70% -30.91% 21.00% 25.75% 15.04% -44.71%
Free Cash Flow Firm Growth
152.77% 112.62% -189.07% 82.25% 172.18% -1,340.75% 374.92% 236.36% -125.62% -88.04%
Invested Capital Growth
-18.84% -5.59% 3,072.77% -96.83% -35.67% 111.54% -2.95% 6.01% 13.34% -2.32%
Revenue Q/Q Growth
25.78% 26.59% -1.79% 5.36% 32.66% -19.48% -8.27% -1.01% 11.95% 2.46%
EBITDA Q/Q Growth
53.74% 38.90% 3.45% 0.10% 17.43% -4.69% -17.39% 5.42% 14.62% 1.28%
EBIT Q/Q Growth
97.38% 73.73% 7.69% 4.40% 54.02% -14.93% -27.05% 9.20% 21.40% 6.92%
NOPAT Q/Q Growth
99.65% 93.27% 7.93% 3.68% 89.42% -13.93% -31.44% 9.53% 20.86% -9.64%
Net Income Q/Q Growth
123.62% 112.70% 11.97% 4.53% 114.35% -10.72% -34.67% 11.30% 23.24% 2.58%
EPS Q/Q Growth
125.47% 112.73% 942.86% -21.74% -68.24% -28.13% 24.41% 9.43% 21.83% 2.78%
Operating Cash Flow Q/Q Growth
-0.62% 11.24% 4.52% -5.39% 8.58% 0.48% -6.16% 13.02% 3.10% -1.44%
Free Cash Flow Firm Q/Q Growth
102.91% 206.39% -201.41% 256.52% 340.31% -3,962.54% -27.06% 902.76% 64.79% -14.07%
Invested Capital Q/Q Growth
-15.84% -5.32% 16.77% -98.17% 0.29% 107.40% -0.57% -1.16% -0.23% 0.59%
Profitability Metrics
- - - - - - - - - -
Gross Margin
37.86% 27.85% 24.29% 28.25% 17.08% 21.53% 25.84% 30.67% 35.48% 22.34%
EBITDA Margin
43.80% 36.92% 34.81% 38.48% 28.10% 33.87% 39.14% 42.14% 45.63% 33.84%
Operating Margin
31.87% 19.99% 18.24% 24.31% 8.66% 15.04% 20.84% 26.29% 31.35% 13.68%
EBIT Margin
32.70% 21.95% 18.52% 24.34% 8.79% 15.79% 21.40% 26.52% 31.26% 13.15%
Profit (Net Income) Margin
29.21% 16.89% 13.51% 18.97% 3.47% 9.51% 14.38% 19.71% 26.69% 7.73%
Tax Burden Percent
98.13% 97.21% 92.90% 93.49% 80.95% 83.95% 82.30% 88.17% 97.73% 101.99%
Interest Burden Percent
91.06% 79.16% 78.50% 83.37% 48.69% 71.77% 81.64% 84.32% 87.36% 57.61%
Effective Tax Rate
1.87% 2.79% 7.10% 6.51% 19.05% 16.05% 17.70% 11.83% 2.27% -1.99%
Return on Invested Capital (ROIC)
13.62% 6.23% 8.81% 14.51% 1.40% 2.33% 5.57% 7.67% 11.04% 3.69%
ROIC Less NNEP Spread (ROIC-NNEP)
11.04% 4.20% 29.36% 39.60% 0.20% 1.35% 2.87% 4.45% 7.18% -1.51%
Return on Net Nonoperating Assets (RNNOA)
5.84% 2.82% -2.35% -3.46% 0.29% 1.91% 1.44% 2.47% 4.20% -0.70%
Return on Equity (ROE)
19.46% 9.05% 6.46% 11.05% 1.69% 4.24% 7.01% 10.13% 15.24% 2.99%
Cash Return on Invested Capital (CROIC)
34.42% 11.98% -178.97% 202.21% 44.81% -69.27% 8.57% 1.83% -1.47% 6.04%
Operating Return on Assets (OROA)
11.60% 6.24% 8.63% 14.06% 1.60% 2.64% 6.19% 7.84% 10.20% 3.14%
Return on Assets (ROA)
10.36% 4.80% 6.29% 10.96% 0.63% 1.59% 4.16% 5.83% 8.71% 1.84%
Return on Common Equity (ROCE)
18.63% 8.54% 6.21% 9.48% 1.39% 3.98% 6.60% 9.54% 14.39% 2.83%
Return on Equity Simple (ROE_SIMPLE)
20.85% 9.59% 6.58% 11.88% 2.02% 4.70% 7.54% 10.14% 15.43% 3.41%
Net Operating Profit after Tax (NOPAT)
395 205 154 252 60 90 140 190 250 79
NOPAT Margin
31.27% 19.43% 16.95% 22.73% 7.01% 12.63% 17.15% 23.18% 30.64% 13.95%
Net Nonoperating Expense Percent (NNEP)
2.58% 2.03% -20.55% -25.09% 1.20% 0.98% 2.70% 3.22% 3.85% 5.21%
Return On Investment Capital (ROIC_SIMPLE)
13.67% 6.17% 4.54% - - - - - - -
Cost of Revenue to Revenue
62.14% 72.15% 75.71% 71.75% 82.92% 78.47% 74.16% 69.33% 64.52% 77.66%
SG&A Expenses to Revenue
5.89% 7.07% 7.11% 5.21% 5.89% 5.85% 5.14% 4.91% 5.24% 8.04%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
5.99% 7.86% 6.05% 3.94% 8.42% 6.49% 5.00% 4.37% 4.13% 8.67%
Earnings before Interest and Taxes (EBIT)
413 232 168 270 76 112 175 217 255 75
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
553 390 316 427 241 241 319 345 372 192
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
2.23 2.46 2.30 3.02 2.49 2.50 1.89 2.03 1.78 1.57
Price to Tangible Book Value (P/TBV)
2.23 2.46 2.30 3.02 2.49 2.50 1.89 2.03 1.78 1.57
Price to Revenue (P/Rev)
3.12 4.33 4.72 4.88 4.27 5.06 3.60 3.95 3.08 3.57
Price to Earnings (P/E)
10.97 26.36 40.08 35.52 98.98 60.91 28.75 21.78 11.84 43.93
Dividend Yield
12.03% 4.42% 3.92% 2.93% 4.15% 3.88% 4.67% 3.98% 4.90% 6.10%
Earnings Yield
9.11% 3.79% 2.49% 2.82% 1.01% 1.64% 3.48% 4.59% 8.45% 2.28%
Enterprise Value to Invested Capital (EV/IC)
1.84 1.85 1.71 51.05 1.65 1.30 1.56 1.64 1.45 1.35
Enterprise Value to Revenue (EV/Rev)
3.78 5.60 6.39 4.92 6.48 9.59 4.72 5.12 4.29 5.02
Enterprise Value to EBITDA (EV/EBITDA)
8.62 15.16 18.37 12.78 23.05 28.31 12.06 12.14 9.40 14.84
Enterprise Value to EBIT (EV/EBIT)
11.55 25.51 34.52 20.20 73.65 60.73 22.06 19.30 13.72 38.20
Enterprise Value to NOPAT (EV/NOPAT)
12.08 28.80 37.73 21.63 92.42 75.93 27.53 22.07 14.00 36.01
Enterprise Value to Operating Cash Flow (EV/OCF)
18.24 19.83 21.59 16.78 27.26 31.84 12.42 16.36 17.17 16.13
Enterprise Value to Free Cash Flow (EV/FCFF)
4.78 14.98 0.00 1.55 2.89 0.00 17.89 92.51 0.00 22.02
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.61 0.74 0.76 0.00 0.73 2.12 0.59 0.61 0.71 0.61
Long-Term Debt to Equity
0.59 0.74 0.76 0.00 0.73 2.02 0.59 0.60 0.69 0.61
Financial Leverage
0.53 0.67 -0.08 -0.09 1.44 1.42 0.50 0.55 0.58 0.46
Leverage Ratio
1.88 1.88 1.03 1.01 2.68 2.66 1.68 1.74 1.75 1.62
Compound Leverage Factor
1.71 1.49 0.81 0.84 1.30 1.91 1.38 1.47 1.53 0.94
Debt to Total Capital
37.71% 42.59% 43.26% 0.00% 42.30% 67.98% 37.02% 37.72% 41.50% 37.89%
Short-Term Debt to Total Capital
0.66% 0.00% 0.00% 0.00% 0.00% 3.42% 0.00% 0.12% 1.24% 0.00%
Long-Term Debt to Total Capital
37.05% 42.59% 43.26% 0.00% 42.30% 64.56% 37.02% 37.60% 40.26% 37.89%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
2.14% 2.89% 3.46% 2.41% 15.02% 2.03% 3.72% 3.68% 3.33% 3.36%
Common Equity to Total Capital
60.15% 54.52% 53.28% 98.67% 42.68% 29.99% 59.26% 58.60% 55.17% 58.76%
Debt to EBITDA
2.01 3.72 4.79 0.00 6.05 13.54 3.04 2.97 2.85 4.31
Net Debt to EBITDA
1.38 3.19 4.42 0.00 5.70 12.96 2.55 2.47 2.43 3.92
Long-Term Debt to EBITDA
1.97 3.72 4.79 0.00 6.05 12.86 3.04 2.96 2.77 4.31
Debt to NOPAT
2.81 7.08 9.83 0.00 24.26 36.33 6.95 5.40 4.25 10.47
Net Debt to NOPAT
1.94 6.06 9.08 0.00 22.85 34.77 5.83 4.49 3.62 9.52
Long-Term Debt to NOPAT
2.76 7.08 9.83 0.00 24.26 34.51 6.95 5.38 4.12 10.47
Altman Z-Score
2.32 2.31 1.98 0.00 1.76 0.92 2.47 2.60 2.28 2.02
Noncontrolling Interest Sharing Ratio
4.27% 5.57% 3.82% 14.26% 17.46% 6.12% 5.90% 5.80% 5.56% 5.46%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.12 2.26 2.12 0.00 1.87 0.83 3.27 2.68 1.79 1.78
Quick Ratio
0.93 1.77 1.64 0.00 1.47 0.63 2.75 2.05 1.16 1.21
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
998 395 -3,130 3,514 1,928 -2,671 215 45 -33 130
Operating Cash Flow to CapEx
0.00% 0.00% 594.04% 0.00% 0.00% 334.79% 497.55% 0.00% 0.00% 304.44%
Free Cash Flow to Firm to Interest Expense
27.04 8.17 -86.45 78.26 49.74 -84.23 6.71 1.33 -1.03 4.09
Operating Cash Flow to Interest Expense
7.09 6.17 7.43 7.24 5.27 6.76 9.67 7.52 6.32 5.59
Operating Cash Flow Less CapEx to Interest Expense
18.06 9.45 6.18 10.90 6.53 4.74 7.73 8.22 10.63 3.75
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.35 0.28 0.47 0.58 0.18 0.17 0.29 0.30 0.33 0.24
Accounts Receivable Turnover
31.43 25.56 0.00 0.00 16.63 17.70 30.31 33.90 39.91 25.71
Inventory Turnover
24.77 27.86 0.00 0.00 35.95 24.96 30.38 24.97 28.67 37.22
Fixed Asset Turnover
55.66 39.00 0.00 0.00 7.21 4.50 7.68 8.69 0.73 0.26
Accounts Payable Turnover
29.83 31.34 0.00 0.00 23.32 20.55 28.04 23.93 24.03 21.19
Days Sales Outstanding (DSO)
11.61 14.28 0.00 0.00 21.95 20.62 12.04 10.77 9.15 14.19
Days Inventory Outstanding (DIO)
14.73 13.10 0.00 0.00 10.15 14.62 12.01 14.62 12.73 9.81
Days Payable Outstanding (DPO)
12.24 11.65 0.00 0.00 15.65 17.76 13.02 15.25 15.19 17.22
Cash Conversion Cycle (CCC)
14.11 15.74 0.00 0.00 16.45 17.48 11.04 10.14 6.69 6.78
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
2,598 3,201 3,391 107 3,369 5,237 2,476 2,551 2,406 2,123
Invested Capital Turnover
0.44 0.32 0.52 0.64 0.20 0.18 0.32 0.33 0.36 0.26
Increase / (Decrease) in Invested Capital
-603 -189 3,284 -3,262 -1,868 2,761 -75 145 283 -50
Enterprise Value (EV)
4,770 5,916 5,812 5,456 5,565 6,822 3,853 4,194 3,499 2,857
Market Capitalization
3,941 4,572 4,292 5,418 3,670 3,600 2,939 3,241 2,510 2,028
Book Value per Share
$11.72 $12.34 $12.47 $12.19 $10.46 $11.14 $12.03 $12.36 $11.49 $10.41
Tangible Book Value per Share
$11.72 $12.34 $12.47 $12.19 $10.46 $11.14 $12.03 $12.36 $11.49 $10.41
Total Capital
2,942 3,413 3,501 1,816 3,454 4,802 2,627 2,718 2,559 2,192
Total Debt
1,109 1,453 1,515 0.00 1,461 3,264 973 1,025 1,062 831
Total Long-Term Debt
1,090 1,453 1,515 0.00 1,461 3,100 973 1,022 1,030 831
Net Debt
766 1,245 1,399 -6.34 1,376 3,124 816 853 904 755
Capital Expenditures (CapEx)
-405 -158 45 -164 -49 64 62 -24 -139 58
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-275 -31 -7.20 0.00 -5.08 -24 -4.06 5.70 19 -5.55
Debt-free Net Working Capital (DFNWC)
68 177 107 6.34 79 114 144 118 105 46
Net Working Capital (NWC)
48 177 107 6.34 79 -50 144 115 73 46
Net Nonoperating Expense (NNE)
26 27 31 42 30 22 23 28 32 35
Net Nonoperating Obligations (NNO)
766 1,242 1,405 -1,709 1,376 3,699 821 858 910 761
Total Depreciation and Amortization (D&A)
140 158 148 157 166 129 145 128 117 118
Debt-free, Cash-free Net Working Capital to Revenue
-21.77% -2.93% -0.79% 0.00% -0.59% -3.36% -0.50% 0.70% 2.28% -0.98%
Debt-free Net Working Capital to Revenue
5.35% 16.72% 11.78% 0.57% 9.25% 15.96% 17.68% 14.44% 12.81% 8.13%
Net Working Capital to Revenue
3.82% 16.72% 11.78% 0.57% 9.25% -7.09% 17.68% 14.03% 8.93% 8.13%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$2.41 $1.17 $0.73 $2.16 $0.56 $0.46 $0.79 $1.17 $1.73 $0.37
Adjusted Weighted Average Basic Shares Outstanding
158.19M 150.74M 150.49M 148.68M 142.11M 129.33M 129.49M 129.08M 122.95M 122.74M
Adjusted Diluted Earnings per Share
$2.39 $1.17 $0.73 $2.16 $0.54 $0.46 $0.79 $1.16 $1.73 $0.37
Adjusted Weighted Average Diluted Shares Outstanding
158.19M 150.74M 150.49M 148.68M 142.11M 129.33M 129.49M 129.08M 122.95M 122.74M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
158.19M 150.74M 150.49M 148.68M 142.11M 129.33M 129.49M 129.08M 122.95M 122.74M
Normalized Net Operating Profit after Tax (NOPAT)
395 205 154 252 60 90 140 190 250 54
Normalized NOPAT Margin
31.27% 19.43% 16.95% 22.73% 7.01% 12.63% 17.15% 23.18% 30.64% 9.57%
Pre Tax Income Margin
29.77% 17.37% 14.54% 20.29% 4.28% 11.33% 17.47% 22.36% 27.31% 7.57%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
11.19 4.80 4.65 6.01 1.95 3.54 5.45 6.38 7.91 2.36
NOPAT to Interest Expense
10.70 4.25 4.25 5.62 1.55 2.83 4.36 5.58 7.75 2.50
EBIT Less CapEx to Interest Expense
22.16 8.08 3.40 9.68 3.22 1.52 3.50 7.08 12.22 0.52
NOPAT Less CapEx to Interest Expense
21.67 7.53 3.00 9.28 2.82 0.82 2.42 6.28 12.06 0.67
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
54.36% 95.24% 134.95% 72.93% 491.36% 208.44% 242.66% 78.64% 56.41% 284.33%
Augmented Payout Ratio
55.49% 97.60% 138.39% 73.70% 496.75% 214.72% 245.21% 78.75% 56.73% 511.90%

Quarterly Metrics And Ratios for Rayonier

This table displays calculated financial ratios and metrics derived from Rayonier's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-27.07% 55.39% -3.27% -16.88% -6.13% 90.47% 3.22% -15.21% -19.35% -6.33% -46.46%
EBITDA Growth
-32.59% 102.80% 1.55% -30.82% -16.40% 138.06% -0.74% -0.21% -37.51% 15.41% -53.61%
EBIT Growth
-214.88% 141.33% 12.86% -57.96% -44.40% 215.38% -14.87% -11.01% -55.01% 35.69% -66.16%
NOPAT Growth
-99.32% 139.32% -20.13% -46.33% 172.10% 233.05% -12.31% -41.00% -75.78% 35.86% -67.26%
Net Income Growth
-233.78% 157.85% 33.87% -84.11% -68.99% 272.99% -28.63% -24.48% -76.01% 60.97% -71.17%
EPS Growth
-300.00% 156.47% 46.15% -92.31% -83.33% 269.57% -7.14% -18.75% -70.00% 153.49% -73.58%
Operating Cash Flow Growth
-47.04% -1.82% -19.93% -11.29% -18.22% 50.82% 34.64% -36.91% 28.76% 24.41% -45.63%
Free Cash Flow Firm Growth
120.12% 184.56% 172.63% 161.83% -205.61% 110.21% -114.85% 77.86% 701.16% -198.43% 225.96%
Invested Capital Growth
-19.40% -18.84% -8.70% -6.84% 2,852.51% -5.59% 16.44% 13.82% -96.39% 3,072.77% -50.34%
Revenue Q/Q Growth
-88.58% 272.47% 12.32% 3.28% -64.04% 131.87% -3.49% 16.63% -27.02% 25.66% -20.73%
EBITDA Q/Q Growth
-93.17% 415.62% 49.64% 2.36% -74.32% 158.20% 1.95% 23.69% -26.88% 7.66% 2.49%
EBIT Q/Q Growth
-100.51% 759.02% 203.45% 18.97% -92.22% 301.71% 13.04% 57.35% -55.86% 8.43% 18.17%
NOPAT Q/Q Growth
-99.99% 1,128.46% 158.15% -57.88% -82.08% 309.96% 73.49% 113.53% -78.07% 7.94% 16.73%
Net Income Q/Q Growth
-100.93% 994.54% 903.03% 31.61% -98.22% 468.26% 19.08% 156.77% -78.53% 8.74% 26.00%
EPS Q/Q Growth
-100.92% 1,047.37% 1,800.00% 0.00% -98.82% 553.85% 0.00% 116.67% -73.91% 64.29% -12.50%
Operating Cash Flow Q/Q Growth
-68.46% 32.75% 19.56% 5.80% -41.53% 8.26% 32.45% -2.47% 7.84% -3.35% -37.94%
Free Cash Flow Firm Q/Q Growth
-34.11% 192.83% 31.41% 107.98% -1,026.09% 174.74% -11.87% -113.64% 189.55% -208.66% 266.81%
Invested Capital Q/Q Growth
-0.75% -15.84% -3.24% -0.28% -0.06% -5.32% -1.26% 3,060.37% -96.80% 16.77% -3.49%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
21.67% 49.64% 24.51% 20.12% 20.77% 35.95% 27.76% 19.37% 16.71% 26.28% 22.13%
EBITDA Margin
31.41% 52.52% 37.94% 28.48% 28.73% 40.24% 36.14% 34.21% 32.26% 32.20% 37.58%
Operating Margin
0.07% 47.67% 14.16% 7.17% 9.64% 31.07% 17.54% 9.62% 5.93% 17.98% 20.95%
EBIT Margin
-2.15% 47.90% 20.77% 7.69% 6.67% 30.84% 17.80% 15.20% 11.27% 18.63% 21.59%
Profit (Net Income) Margin
-3.72% 45.88% 15.61% 1.75% 1.37% 27.65% 11.28% 9.14% 4.15% 14.12% 16.32%
Tax Burden Percent
58.20% 97.84% 99.89% 85.86% 156.45% 97.48% 97.65% 99.00% 87.74% 96.30% 96.26%
Interest Burden Percent
297.31% 97.89% 75.26% 26.49% 13.14% 91.96% 64.89% 60.76% 42.01% 78.71% 78.52%
Effective Tax Rate
0.00% 2.16% 0.11% 14.14% -56.45% 2.52% 2.35% 1.00% 12.26% 3.70% 3.74%
Return on Invested Capital (ROIC)
0.02% 20.31% 4.39% 1.88% 9.54% 9.71% 4.55% 2.45% 2.90% 9.00% 4.27%
ROIC Less NNEP Spread (ROIC-NNEP)
-0.31% 19.76% 4.60% 1.34% 19.52% 8.78% 3.59% 2.39% 3.04% 14.17% 3.95%
Return on Net Nonoperating Assets (RNNOA)
-0.15% 10.47% 3.30% 0.99% -2.39% 5.89% 2.31% 1.59% -1.40% -1.13% 4.70%
Return on Equity (ROE)
-0.13% 30.78% 7.69% 2.87% 7.15% 15.60% 6.86% 4.05% 1.50% 7.87% 8.97%
Cash Return on Invested Capital (CROIC)
34.81% 34.42% 15.21% 13.26% -174.02% 11.98% -11.81% -9.47% 194.10% -178.97% 70.53%
Operating Return on Assets (OROA)
-0.77% 16.99% 5.80% 2.14% 3.78% 8.77% 4.14% 3.48% 5.30% 8.68% 3.67%
Return on Assets (ROA)
-1.32% 16.27% 4.36% 0.49% 0.78% 7.86% 2.62% 2.09% 1.96% 6.58% 2.77%
Return on Common Equity (ROCE)
-0.12% 29.47% 7.35% 2.75% 6.92% 14.73% 6.52% 3.81% 0.95% 7.57% 7.91%
Return on Equity Simple (ROE_SIMPLE)
18.99% 0.00% 9.23% 8.71% 9.47% 0.00% 4.62% 5.10% 5.39% 0.00% 6.05%
Net Operating Profit after Tax (NOPAT)
0.04 339 28 11 25 142 35 20 9.32 42 39
NOPAT Margin
0.05% 46.64% 14.14% 6.15% 15.09% 30.28% 17.13% 9.53% 5.20% 17.32% 20.16%
Net Nonoperating Expense Percent (NNEP)
0.33% 0.55% -0.21% 0.54% -9.98% 0.93% 0.96% 0.06% -0.14% -5.16% 0.32%
Return On Investment Capital (ROIC_SIMPLE)
0.00% 11.72% - - - 4.25% - - - 1.25% -
Cost of Revenue to Revenue
78.33% 50.36% 75.49% 79.88% 79.23% 64.05% 72.24% 80.63% 83.29% 73.72% 77.87%
SG&A Expenses to Revenue
20.13% 2.28% 9.37% 11.87% 11.29% 4.30% 9.40% 9.07% 9.37% 6.38% 8.65%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
21.60% 1.97% 10.35% 12.96% 11.13% 4.88% 10.22% 9.74% 10.77% 8.30% 1.18%
Earnings before Interest and Taxes (EBIT)
-1.78 348 40 13 11 144 36 32 20 46 42
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
26 381 74 49 48 188 73 71 58 79 73
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
2.30 2.23 2.72 2.43 2.71 2.46 2.27 2.49 2.61 2.30 2.31
Price to Tangible Book Value (P/TBV)
2.30 2.23 2.72 2.43 2.71 2.46 2.27 2.49 2.61 2.30 2.31
Price to Revenue (P/Rev)
3.58 3.12 4.84 4.35 4.75 4.33 4.93 5.48 5.49 4.72 4.52
Price to Earnings (P/E)
12.45 10.97 30.57 29.39 29.80 26.36 51.68 56.03 55.25 40.08 50.67
Dividend Yield
5.66% 12.03% 4.16% 4.61% 4.07% 4.42% 4.18% 3.79% 3.61% 3.92% 3.97%
Earnings Yield
8.04% 9.11% 3.27% 3.40% 3.36% 3.79% 1.94% 1.78% 1.81% 2.49% 1.97%
Enterprise Value to Invested Capital (EV/IC)
2.06 1.84 2.03 1.81 1.98 1.85 1.68 1.79 44.01 1.71 1.82
Enterprise Value to Revenue (EV/Rev)
4.32 3.78 6.23 5.71 6.05 5.60 6.81 7.40 5.51 6.39 5.70
Enterprise Value to EBITDA (EV/EBITDA)
9.84 8.62 17.39 16.09 16.63 15.16 20.25 21.81 16.96 18.37 17.24
Enterprise Value to EBIT (EV/EBIT)
12.99 11.55 29.91 28.20 28.39 25.51 42.61 43.88 33.18 34.52 33.73
Enterprise Value to NOPAT (EV/NOPAT)
13.82 12.08 31.63 28.20 29.74 28.80 53.53 55.15 38.17 37.73 36.96
Enterprise Value to Operating Cash Flow (EV/OCF)
22.45 18.24 23.77 20.63 22.08 19.83 21.21 24.83 16.82 21.59 20.48
Enterprise Value to Free Cash Flow (EV/FCFF)
5.29 4.78 12.72 13.15 0.00 14.98 0.00 0.00 1.58 0.00 1.71
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.53 0.61 0.75 0.77 0.75 0.74 0.84 0.83 0.00 0.76 0.65
Long-Term Debt to Equity
0.53 0.59 0.73 0.77 0.75 0.74 0.84 0.83 0.00 0.76 0.65
Financial Leverage
0.48 0.53 0.72 0.74 -0.12 0.67 0.64 0.67 -0.46 -0.08 1.19
Leverage Ratio
1.78 1.88 1.91 1.91 0.98 1.88 1.88 1.87 0.64 1.03 2.73
Compound Leverage Factor
5.28 1.84 1.43 0.51 0.13 1.73 1.22 1.14 0.27 0.81 2.14
Debt to Total Capital
34.83% 37.71% 42.75% 43.50% 43.00% 42.59% 45.63% 45.48% 0.00% 43.26% 39.57%
Short-Term Debt to Total Capital
0.00% 0.66% 0.67% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
34.83% 37.05% 42.07% 43.50% 43.00% 42.59% 45.63% 45.48% 0.00% 43.26% 39.57%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
2.25% 2.14% 2.47% 2.20% 2.50% 2.89% 2.46% 2.58% 0.77% 3.46% 3.38%
Common Equity to Total Capital
62.93% 60.15% 54.79% 54.29% 54.50% 54.52% 51.91% 51.93% 98.10% 53.28% 57.05%
Debt to EBITDA
1.96 2.01 3.87 4.04 3.80 3.72 5.68 5.68 0.00 4.79 4.11
Net Debt to EBITDA
1.56 1.38 3.66 3.64 3.37 3.19 5.29 5.35 0.00 4.42 3.20
Long-Term Debt to EBITDA
1.96 1.97 3.81 4.04 3.80 3.72 5.68 5.68 0.00 4.79 4.11
Debt to NOPAT
2.75 2.81 7.05 7.08 6.79 7.08 15.02 14.37 0.00 9.83 8.81
Net Debt to NOPAT
2.19 1.94 6.66 6.38 6.03 6.06 13.99 13.54 0.00 9.08 6.85
Long-Term Debt to NOPAT
2.75 2.76 6.94 7.08 6.79 7.08 15.02 14.37 0.00 9.83 8.81
Altman Z-Score
2.56 2.25 2.28 2.03 2.28 2.23 1.77 1.91 263.28 1.88 2.17
Noncontrolling Interest Sharing Ratio
3.91% 4.27% 4.42% 4.32% 3.16% 5.57% 5.06% 5.90% 36.45% 3.82% 11.78%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
2.71 1.12 1.99 1.98 2.46 2.26 2.02 1.92 0.00 2.12 3.16
Quick Ratio
0.83 0.93 0.89 1.56 1.76 1.77 1.35 1.35 0.00 1.64 2.66
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
621 942 322 245 -3,066 331 -443 -396 2,903 -3,242 2,983
Operating Cash Flow to CapEx
188.72% 329.95% 407.74% 306.12% 277.18% 315.83% 505.90% 345.51% 341.14% 222.94% 343.25%
Free Cash Flow to Firm to Interest Expense
97.07 128.34 32.10 24.95 -314.63 28.57 -35.16 -31.78 248.12 -333.12 329.41
Operating Cash Flow to Interest Expense
4.33 11.96 6.60 5.64 5.37 7.72 6.56 5.01 5.47 6.09 6.78
Operating Cash Flow Less CapEx to Interest Expense
2.04 8.34 4.98 3.80 3.43 5.27 5.26 3.56 3.86 3.36 4.80
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.36 0.35 0.28 0.28 0.57 0.28 0.23 0.23 0.47 0.47 0.17
Accounts Receivable Turnover
42.74 31.43 22.13 22.46 0.00 25.56 21.19 18.15 0.00 0.00 15.15
Inventory Turnover
19.87 24.77 27.74 25.50 0.00 27.86 20.01 22.56 0.00 0.00 21.17
Fixed Asset Turnover
55.73 55.66 39.85 38.42 0.00 39.00 31.06 30.21 0.00 0.00 6.05
Accounts Payable Turnover
33.54 29.83 25.99 29.57 0.00 31.34 24.30 25.55 0.00 0.00 17.45
Days Sales Outstanding (DSO)
8.54 11.61 16.49 16.25 0.00 14.28 17.23 20.11 0.00 0.00 24.09
Days Inventory Outstanding (DIO)
18.37 14.73 13.16 14.31 0.00 13.10 18.25 16.18 0.00 0.00 17.24
Days Payable Outstanding (DPO)
10.88 12.24 14.05 12.34 0.00 11.65 15.02 14.28 0.00 0.00 20.92
Cash Conversion Cycle (CCC)
16.02 14.11 15.60 18.22 0.00 15.74 20.45 22.00 0.00 0.00 20.41
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
2,579 2,598 3,087 3,191 3,199 3,201 3,381 3,425 108 3,391 2,904
Invested Capital Turnover
0.43 0.44 0.31 0.31 0.63 0.32 0.27 0.26 0.56 0.52 0.21
Increase / (Decrease) in Invested Capital
-621 -603 -294 -234 3,091 -189 477 416 -2,894 3,284 -2,944
Enterprise Value (EV)
5,322 4,770 6,257 5,770 6,331 5,916 5,689 6,133 4,769 5,812 5,274
Market Capitalization
4,410 3,941 4,859 4,392 4,963 4,572 4,116 4,537 4,754 4,292 4,189
Book Value per Share
$12.11 $11.72 $11.83 $11.97 $12.13 $12.34 $12.05 $12.11 $12.09 $12.47 $12.12
Tangible Book Value per Share
$12.11 $11.72 $11.83 $11.97 $12.13 $12.34 $12.05 $12.11 $12.09 $12.47 $12.12
Total Capital
3,043 2,942 3,262 3,328 3,360 3,413 3,499 3,515 1,855 3,501 3,179
Total Debt
1,060 1,109 1,394 1,448 1,445 1,453 1,597 1,599 0.00 1,515 1,258
Total Long-Term Debt
1,060 1,090 1,372 1,448 1,445 1,453 1,597 1,599 0.00 1,515 1,258
Net Debt
843 766 1,317 1,305 1,284 1,245 1,487 1,505 0.00 1,399 978
Capital Expenditures (CapEx)
15 27 16 18 19 28 16 18 19 27 18
Debt-free, Cash-free Net Working Capital (DFCFNWC)
268 -275 85 -28 6.29 -31 4.53 6.10 0.00 -7.20 -21
Debt-free Net Working Capital (DFNWC)
485 68 160 114 166 177 112 95 0.00 107 243
Net Working Capital (NWC)
485 48 138 114 166 177 112 95 0.00 107 243
Net Nonoperating Expense (NNE)
3.13 5.54 -2.87 7.65 23 12 12 0.80 1.88 7.85 7.51
Net Nonoperating Obligations (NNO)
595 766 1,220 1,310 1,284 1,242 1,479 1,508 -1,746 1,405 983
Total Depreciation and Amortization (D&A)
28 34 33 36 37 44 37 40 38 33 31
Debt-free, Cash-free Net Working Capital to Revenue
21.78% -21.77% 8.50% -2.77% 0.60% -2.93% 0.54% 0.74% 0.00% -0.79% -2.22%
Debt-free Net Working Capital to Revenue
39.33% 5.35% 15.90% 11.27% 15.89% 16.72% 13.45% 11.41% 0.00% 11.78% 26.22%
Net Working Capital to Revenue
39.33% 3.82% 13.70% 11.27% 15.89% 16.72% 13.45% 11.41% 0.00% 11.78% 26.22%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
($0.02) $2.20 $0.19 $0.01 $0.01 $0.85 $0.13 $0.13 $0.06 $0.23 $0.14
Adjusted Weighted Average Basic Shares Outstanding
157.86M 158.19M 151.01M 151.01M 150.97M 150.74M 150.74M 150.74M 150.70M 150.49M 149.63M
Adjusted Diluted Earnings per Share
($0.02) $2.18 $0.19 $0.01 $0.01 $0.85 $0.13 $0.13 $0.06 $0.23 $0.14
Adjusted Weighted Average Diluted Shares Outstanding
157.86M 158.19M 151.01M 151.01M 150.97M 150.74M 150.74M 150.74M 150.70M 150.49M 149.63M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
157.86M 158.19M 151.01M 151.01M 150.97M 150.74M 150.74M 150.74M 150.70M 150.49M 149.63M
Normalized Net Operating Profit after Tax (NOPAT)
0.04 339 28 11 11 142 35 20 9.32 42 39
Normalized NOPAT Margin
0.05% 46.64% 14.14% 6.15% 6.75% 30.28% 17.13% 9.53% 5.20% 17.32% 20.16%
Pre Tax Income Margin
-6.39% 46.89% 15.63% 2.04% 0.88% 28.36% 11.55% 9.24% 4.73% 14.66% 16.95%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
-0.28 47.40 4.04 1.36 1.15 12.44 2.85 2.55 1.72 4.70 4.65
NOPAT to Interest Expense
0.01 46.15 2.75 1.09 2.60 12.22 2.74 1.60 0.80 4.37 4.35
EBIT Less CapEx to Interest Expense
-2.57 43.77 2.42 -0.48 -0.79 10.00 1.55 1.10 0.12 1.96 2.68
NOPAT Less CapEx to Interest Expense
-2.29 42.52 1.13 -0.75 0.67 9.77 1.44 0.15 -0.81 1.63 2.37
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
65.66% 54.36% 121.51% 127.33% 115.42% 95.24% 202.19% 181.78% 169.72% 134.95% 148.51%
Augmented Payout Ratio
66.82% 55.49% 124.04% 129.99% 117.85% 97.60% 207.22% 186.31% 173.80% 138.39% 152.37%

Frequently Asked Questions About Rayonier's Financials

When does Rayonier's fiscal year end?

According to the most recent income statement we have on file, Rayonier's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Rayonier's net income changed over the last 9 years?

Rayonier's net income appears to be on an upward trend, with a most recent value of $368.98 million in 2024, rising from $43.94 million in 2015. The previous period was $178.50 million in 2023. View Rayonier's forecast to see where analysts expect Rayonier to go next.

What is Rayonier's operating income?
Rayonier's total operating income in 2024 was $402.47 million, based on the following breakdown:
  • Total Gross Profit: $478.16 million
  • Total Operating Expenses: $75.70 million
How has Rayonier revenue changed over the last 9 years?

Over the last 9 years, Rayonier's total revenue changed from $568.80 million in 2015 to $1.26 billion in 2024, a change of 122.0%.

How much debt does Rayonier have?

Rayonier's total liabilities were at $1.64 billion at the end of 2024, a 2.7% decrease from 2023, and a 72.1% increase since 2015.

How much cash does Rayonier have?

In the past 9 years, Rayonier's cash and equivalents has ranged from $0.00 in 2021 to $323.16 million in 2024, and is currently $323.16 million as of their latest financial filing in 2024.

How has Rayonier's book value per share changed over the last 9 years?

Over the last 9 years, Rayonier's book value per share changed from 10.41 in 2015 to 11.72 in 2024, a change of 12.6%.



This page (NYSE:RYN) was last updated on 5/29/2025 by MarketBeat.com Staff
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