West Fraser Timber (WFG) Financials

$73.79 +1.08 (+1.49%)

Closing price 03:59 PM Eastern

Extended Trading

$73.46 -0.34 (-0.45%)

As of 06:12 PM Eastern

Annual Income Statements for West Fraser Timber

This table shows West Fraser Timber'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
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Net Income / (Loss) Attributable to Common Shareholders	-4.00	-167	3,016	3,939	227
Consolidated Net Income / (Loss)	-5.00	-167	1,975	2,947	588
Net Income / (Loss) Continuing Operations	-4.00	-167	3,016	3,939	227
Total Pre-Tax Income	39	-228	2,593	3,898	790
Total Operating Income	39	-284	3,600	4,937	831
Total Gross Profit	974	893	4,559	5,873	831
Total Revenue	6,136	6,497	9,701	10,518	4,373
Operating Revenue	6,136	6,497	9,701	10,518	4,373
Total Cost of Revenue	5,162	5,604	5,142	4,645	2,559
Operating Cost of Revenue	5,162	5,604	-	-	3,542
Total Operating Expenses	935	1,122	959	936	388
Selling, General & Admin Expense	282	307	365	312	185
Amortization Expense	549	541	589	584	203
Other Operating Expenses / (Income)	2.00	-5.00	5.00	40	-
Impairment Charge	102	279	-	-	-
Total Other Income / (Expense), net	0.00	0.00	34	-47	-27
Income Tax Expense	43	-61	618	951	202

No quarterly income statements for West Fraser Timber are available.

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

Metric	2024	2023	2022	2021	2020
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Net Change in Cash & Equivalents	65	-213	-378	2,799	449
Net Cash From Operating Activities	320	131	2,207	5,164	968
Net Cash From Continuing Operating Activities	320	131	1,739	5,164	923
Net Income / (Loss) Continuing Operations	-5.00	-167	1,975	2,947	588
Consolidated Net Income / (Loss)	-5.00	-167	1,975	2,947	588
Amortization Expense	549	541	3.00	584	27
Non-Cash Adjustments To Reconcile Net Income	-32	115	-403	526	206
Changes in Operating Assets and Liabilities, net	-192	-358	164	1,107	102
Net Cash From Investing Activities	0.00	-100	-459	-302	-166
Net Cash From Continuing Investing Activities	0.00	-100	-459	-302	-166
Acquisitions	0.00	-100	-	-302	0.00
Net Cash From Financing Activities	-255	-244	-2,126	-2,063	-353
Net Cash From Continuing Financing Activities	-255	-244	-2,126	-2,063	-353
Repayment of Debt	-15	-15	-14	-676	-280
Repurchase of Common Equity	-140	-129	-1,990	-1,319	0.00
Payment of Dividends	-101	-100	-99	-75	-41
Issuance of Common Equity	1.00	0.00	-	7.00	0.00

No quarterly cash flow statements for West Fraser Timber are available.

This table presents West Fraser Timber'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
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Total Assets	8,760	9,415	9,973	10,433	4,178	3,594
Total Current Assets	1,837	2,195	2,749	3,217	1,336	883
Cash & Equivalents	641	900	1,162	1,568	461	12
Accounts Receivable	294	311	350	508	277	199
Inventories, net	844	851	1,032	1,061	578	561
Prepaid Expenses	36	40	60	38	12	7.00
Current Deferred & Refundable Income Taxes	22	93	145	42	8.00	104
Plant, Property, & Equipment, net	3,842	0.00	3,982	4,100	1,657	0.00
Total Noncurrent Assets	136	7,220	179	66	44	2,699
Noncurrent Deferred & Refundable Income Taxes	7.00	6.00	4.00	8.00	9.00	8.00
Other Noncurrent Operating Assets	129	4,725	175	58	35	2,097
Total Liabilities & Shareholders' Equity	8,760	9,415	9,973	10,433	4,178	3,594
Total Liabilities	1,807	2,193	2,354	2,777	1,700	1,689
Total Current Liabilities	934	1,050	792	1,206	528	644
Short-Term Debt	200	-	0.00	0.00	7.00	288
Accounts Payable	604	-	722	848	389	-
Current Deferred & Payable Income Tax Liabilities	75	7.00	12	312	98	0.00
Total Noncurrent Liabilities	873	1,565	1,562	1,571	1,172	1,084
Long-Term Debt	0.00	499	499	499	500	507
Noncurrent Deferred & Payable Income Tax Liabilities	609	683	795	712	264	195
Other Noncurrent Operating Liabilities	264	260	268	360	408	350
Total Equity & Noncontrolling Interests	6,954	7,223	7,619	7,656	2,478	1,905
Total Preferred & Common Equity	6,954	7,223	7,619	7,656	2,478	1,905
Total Common Equity	6,954	7,223	7,619	7,656	2,478	1,905
Common Stock	2,549	2,607	2,667	3,402	481	480
Retained Earnings	4,726	4,913	5,284	4,503	2,237	1,697
Accumulated Other Comprehensive Income / (Loss)	-321	-297	-332	-249	-240	-272

No quarterly balance sheets for West Fraser Timber are available.

This table displays calculated financial ratios and metrics derived from West Fraser Timber's official financial filings.

Metric	2024	2023	2022	2021	2020
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Growth Metrics	-	-	-	-	-
Revenue Growth	-5.56%	-33.03%	-7.77%	140.52%	0.00%
EBITDA Growth	128.79%	-92.94%	-34.05%	553.91%	0.00%
EBIT Growth	113.73%	-107.81%	-26.30%	504.04%	0.00%
NOPAT Growth	97.99%	-107.25%	-26.54%	503.46%	0.00%
Net Income Growth	97.01%	-108.46%	-32.98%	401.19%	0.00%
EPS Growth	0.00%	-109.64%	-22.83%	215.77%	0.00%
Operating Cash Flow Growth	144.27%	-94.06%	-57.26%	433.47%	0.00%
Free Cash Flow Firm Growth	204.28%	-224.30%	51.55%	0.00%	0.00%
Invested Capital Growth	-45.96%	69.65%	10.27%	152.86%	0.00%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-
Gross Margin	15.87%	13.74%	47.00%	55.84%	19.00%
EBITDA Margin	9.58%	3.96%	37.52%	52.47%	19.30%
Operating Margin	0.64%	-4.37%	37.11%	46.94%	19.00%
EBIT Margin	0.64%	-4.37%	37.49%	46.92%	18.68%
Profit (Net Income) Margin	-0.08%	-2.57%	20.36%	28.02%	13.45%
Tax Burden Percent	-12.82%	73.25%	76.17%	75.60%	74.43%
Interest Burden Percent	100.00%	80.28%	71.30%	78.99%	96.70%
Effective Tax Rate	110.26%	0.00%	23.83%	24.40%	25.57%
Return on Invested Capital (ROIC)	-0.08%	-3.73%	72.79%	149.30%	43.65%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.03%	-5.25%	92.61%	179.90%	46.53%
Return on Net Nonoperating Assets (RNNOA)	0.01%	1.48%	-46.93%	-91.14%	-19.92%
Return on Equity (ROE)	-0.07%	-2.25%	25.86%	58.16%	23.73%
Cash Return on Invested Capital (CROIC)	59.60%	-55.39%	63.02%	62.66%	0.00%
Operating Return on Assets (OROA)	0.43%	-2.93%	35.65%	67.55%	21.02%
Return on Assets (ROA)	-0.06%	-1.72%	19.36%	40.34%	15.13%
Return on Common Equity (ROCE)	-0.07%	-2.25%	25.86%	58.16%	23.73%
Return on Equity Simple (ROE_SIMPLE)	-0.07%	-2.31%	25.92%	38.49%	23.73%
Net Operating Profit after Tax (NOPAT)	-4.00	-199	2,742	3,733	619
NOPAT Margin	-0.07%	-3.06%	28.27%	35.49%	14.14%
Net Nonoperating Expense Percent (NNEP)	-0.05%	1.52%	-19.82%	-30.60%	-2.88%
Return On Investment Capital (ROIC_SIMPLE)	-0.06%	-2.57%	-	-	-
Cost of Revenue to Revenue	84.13%	86.26%	53.00%	44.16%	58.52%
SG&A Expenses to Revenue	4.60%	4.73%	3.76%	2.97%	4.23%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	15.24%	17.27%	9.89%	8.90%	8.87%
Earnings before Interest and Taxes (EBIT)	39	-284	3,637	4,935	817
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	588	257	3,640	5,519	844
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	1.04	0.98	0.78	1.28	1.67
Price to Tangible Book Value (P/TBV)	1.04	1.43	0.78	1.28	1.67
Price to Revenue (P/Rev)	1.18	1.08	0.61	0.93	0.94
Price to Earnings (P/E)	0.00	0.00	1.97	2.49	18.18
Dividend Yield	1.46%	1.42%	1.62%	0.76%	0.00%
Earnings Yield	0.00%	0.00%	50.72%	40.19%	5.50%
Enterprise Value to Invested Capital (EV/IC)	1.87	0.99	1.34	2.44	2.94
Enterprise Value to Revenue (EV/Rev)	1.11	1.02	0.54	0.83	0.95
Enterprise Value to EBITDA (EV/EBITDA)	11.55	25.85	1.45	1.58	4.94
Enterprise Value to EBIT (EV/EBIT)	174.12	0.00	1.45	1.77	5.11
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	1.93	2.34	6.75
Enterprise Value to Operating Cash Flow (EV/OCF)	21.22	50.72	2.39	1.69	4.31
Enterprise Value to Free Cash Flow (EV/FCFF)	2.21	0.00	2.23	5.57	0.00
Leverage & Solvency	-	-	-	-	-
Debt to Equity	0.03	0.07	0.07	0.07	0.20
Long-Term Debt to Equity	0.00	0.07	0.07	0.07	0.20
Financial Leverage	-0.27	-0.28	-0.51	-0.51	-0.43
Leverage Ratio	1.28	1.31	1.34	1.44	1.77
Compound Leverage Factor	1.28	1.05	0.95	1.14	1.71
Debt to Total Capital	2.80%	6.46%	6.15%	6.12%	16.98%
Short-Term Debt to Total Capital	2.80%	0.00%	0.00%	0.00%	0.23%
Long-Term Debt to Total Capital	0.00%	6.46%	6.15%	6.12%	16.75%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	97.20%	93.54%	93.85%	93.88%	83.02%
Debt to EBITDA	0.34	1.94	0.14	0.09	0.60
Net Debt to EBITDA	-0.75	-1.56	-0.18	-0.19	0.05
Long-Term Debt to EBITDA	0.00	1.94	0.14	0.09	0.59
Debt to NOPAT	-50.00	-2.51	0.18	0.13	0.82
Net Debt to NOPAT	110.25	2.02	-0.24	-0.29	0.07
Long-Term Debt to NOPAT	0.00	-2.51	0.18	0.13	0.81
Altman Z-Score	4.00	3.39	4.67	5.52	4.13
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-
Current Ratio	1.97	2.09	3.47	2.67	2.53
Quick Ratio	1.00	1.15	1.91	1.72	1.40
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	3,077	-2,951	2,374	1,567	0.00
Operating Cash Flow to CapEx	0.00%	0.00%	462.68%	0.00%	537.78%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	791.33	34.81	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	735.67	114.76	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	576.67	114.76	0.00
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.68	0.67	0.95	1.44	1.13
Accounts Receivable Turnover	20.28	19.66	22.61	26.80	18.37
Inventory Turnover	6.09	5.95	4.91	5.67	4.49
Fixed Asset Turnover	0.00	0.00	2.40	3.65	0.00
Accounts Payable Turnover	0.00	0.00	6.55	7.51	0.00
Days Sales Outstanding (DSO)	17.99	18.57	16.14	13.62	19.87
Days Inventory Outstanding (DIO)	59.93	61.32	74.28	64.40	81.23
Days Payable Outstanding (DPO)	0.00	0.00	55.72	48.60	0.00
Cash Conversion Cycle (CCC)	77.92	79.89	34.70	29.42	101.10
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	3,622	6,703	3,951	3,583	1,417
Invested Capital Turnover	1.19	1.22	2.58	4.21	3.09
Increase / (Decrease) in Invested Capital	-3,081	2,752	368	2,166	0.00
Enterprise Value (EV)	6,791	6,645	5,283	8,731	4,172
Market Capitalization	7,232	7,046	5,946	9,800	4,126
Book Value per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Tangible Book Value per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Total Capital	7,154	7,722	8,118	8,155	2,985
Total Debt	200	499	499	499	507
Total Long-Term Debt	0.00	499	499	499	500
Net Debt	-441	-401	-663	-1,069	46
Capital Expenditures (CapEx)	0.00	0.00	477	0.00	180
Debt-free, Cash-free Net Working Capital (DFCFNWC)	462	245	795	443	354
Debt-free Net Working Capital (DFNWC)	1,103	1,145	1,957	2,011	815
Net Working Capital (NWC)	903	1,145	1,957	2,011	808
Net Nonoperating Expense (NNE)	1.00	-32	767	786	31
Net Nonoperating Obligations (NNO)	-3,332	-520	-3,668	-4,073	-1,061
Total Depreciation and Amortization (D&A)	549	541	3.00	584	27
Debt-free, Cash-free Net Working Capital to Revenue	7.53%	3.77%	8.20%	4.21%	8.10%
Debt-free Net Working Capital to Revenue	17.98%	17.62%	20.17%	19.12%	18.64%
Net Working Capital to Revenue	14.72%	17.62%	20.17%	19.12%	18.48%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$21.06	$27.03	$0.00
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	0.00	0.00
Adjusted Diluted Earnings per Share	$0.00	$0.00	$20.86	$27.03	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	99	-3.50	2,742	3,733	619
Normalized NOPAT Margin	1.61%	-0.05%	28.27%	35.49%	14.14%
Pre Tax Income Margin	0.64%	-3.51%	26.73%	37.06%	18.07%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	1,212.33	109.67	0.00
NOPAT to Interest Expense	0.00	0.00	914.00	82.94	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	1,053.33	109.67	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	755.00	82.94	0.00
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	-2,020.00%	-59.88%	5.01%	2.55%	6.97%
Augmented Payout Ratio	-4,820.00%	-137.13%	105.77%	47.30%	6.97%

No quarterly metrics and ratios for West Fraser Timber are available.

Frequently Asked Questions About West Fraser Timber's Financials

When does West Fraser Timber's fiscal year end?

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

How has West Fraser Timber's net income changed over the last 4 years?

West Fraser Timber's net income appears to be on a downward trend, with a most recent value of -$5 million in 2024, falling from $588 million in 2020. The previous period was -$167 million in 2023. View West Fraser Timber's forecast to see where analysts expect West Fraser Timber to go next.

What is West Fraser Timber's operating income?

West Fraser Timber's total operating income in 2024 was $39 million, based on the following breakdown:

Total Gross Profit: $974 million
Total Operating Expenses: $935 million

How has West Fraser Timber revenue changed over the last 4 years?

Over the last 4 years, West Fraser Timber's total revenue changed from $4.37 billion in 2020 to $6.14 billion in 2024, a change of 40.3%.

How much debt does West Fraser Timber have?

West Fraser Timber's total liabilities were at $1.81 billion at the end of 2024, a 17.6% decrease from 2023, and a 7.0% increase since 2019.

How much cash does West Fraser Timber have?

In the past 5 years, West Fraser Timber's cash and equivalents has ranged from $12 million in 2019 to $1.57 billion in 2021, and is currently $641 million as of their latest financial filing in 2024.

How has West Fraser Timber's book value per share changed over the last 4 years?

Over the last 4 years, West Fraser Timber's book value per share changed from 0.00 in 2020 to 0.00 in 2024, a change of 0.0%.

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

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West Fraser Timber (WFG) Financials

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West Fraser Timber (WFG) Financials

Annual Income Statements for West Fraser Timber

Quarterly Income Statements for West Fraser Timber

Annual Cash Flow Statements for West Fraser Timber

Quarterly Cash Flow Statements for West Fraser Timber

Annual Balance Sheets for West Fraser Timber

Quarterly Balance Sheets for West Fraser Timber

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Quarterly Metrics And Ratios for West Fraser Timber

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