West Fraser Timber (WFG) Financials

$59.75 +0.30 (+0.50%)

Closing price 03:59 PM Eastern

Extended Trading

$59.69 -0.06 (-0.10%)

As of 05:09 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	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	227	3,939	3,016	-167	-4.00	-937
Consolidated Net Income / (Loss)	588	2,947	1,975	-167	-5.00	-937
Net Income / (Loss) Continuing Operations	227	3,939	3,016	-167	-4.00	-938
Total Pre-Tax Income	790	3,898	2,593	-228	39	-1,171
Total Operating Income	831	4,937	3,600	-284	39	-1,187
Total Gross Profit	831	5,873	4,559	893	974	350
Total Revenue	4,373	10,518	9,701	6,497	6,136	5,286
Operating Revenue	4,373	10,518	9,701	6,497	6,136	5,286
Total Cost of Revenue	2,559	4,645	5,142	5,604	5,162	4,936
Operating Cost of Revenue	3,542	-	-	5,604	5,162	4,936
Total Operating Expenses	388	936	959	1,122	935	1,521
Selling, General & Admin Expense	185	312	365	307	282	280
Amortization Expense	203	584	589	541	549	544
Other Operating Expenses / (Income)	-	40	5.00	-5.00	2.00	-15
Impairment Charge	-	-	-	279	102	712
Total Other Income / (Expense), net	-27	-47	34	0.00	0.00	0.00
Income Tax Expense	202	951	618	-61	43	-233
Diluted Earnings per Share	$8.56	$27.03	$20.86	($2.01)	-	($12.08)

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	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	449	2,799	-378	-213	65	-1,312
Net Cash From Operating Activities	968	5,164	2,207	131	320	-1,067
Net Cash From Continuing Operating Activities	923	5,164	1,739	131	320	-1,067
Net Income / (Loss) Continuing Operations	588	2,947	1,975	-167	-5.00	-937
Consolidated Net Income / (Loss)	588	2,947	1,975	-167	-5.00	-937
Amortization Expense	27	584	3.00	541	549	544
Non-Cash Adjustments To Reconcile Net Income	206	526	-403	115	-32	56
Changes in Operating Assets and Liabilities, net	102	1,107	164	-358	-192	-730
Net Cash From Investing Activities	-166	-302	-459	-100	0.00	0.00
Net Cash From Continuing Investing Activities	-166	-302	-459	-100	0.00	0.00
Acquisitions	0.00	-302	-	-100	0.00	0.00
Net Cash From Financing Activities	-353	-2,063	-2,126	-244	-255	-245
Net Cash From Continuing Financing Activities	-353	-2,063	-2,126	-244	-255	-245
Repayment of Debt	-280	-676	-14	-15	-15	-15
Repurchase of Common Equity	0.00	-1,319	-1,990	-129	-140	-129
Payment of Dividends	-41	-75	-99	-100	-101	-101
Issuance of Common Equity	0.00	7.00	-	0.00	1.00	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	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	3,594	4,178	10,433	9,973	9,415	8,760	7,620
Total Current Assets	883	1,336	3,217	2,749	2,195	1,837	1,387
Cash & Equivalents	12	461	1,568	1,162	900	641	202
Accounts Receivable	199	277	508	350	311	294	244
Inventories, net	561	578	1,061	1,032	851	844	828
Prepaid Expenses	7.00	12	38	60	40	36	34
Current Deferred & Refundable Income Taxes	104	8.00	42	145	93	22	79
Plant, Property, & Equipment, net	0.00	1,657	4,100	3,982	0.00	3,842	3,593
Total Noncurrent Assets	2,699	44	66	179	7,220	136	105
Noncurrent Deferred & Refundable Income Taxes	8.00	9.00	8.00	4.00	6.00	7.00	6.00
Other Noncurrent Operating Assets	2,097	35	58	175	4,725	129	99
Total Liabilities & Shareholders' Equity	3,594	4,178	10,433	9,973	9,415	8,760	7,620
Total Liabilities	1,689	1,700	2,777	2,354	2,193	1,807	1,771
Total Current Liabilities	644	528	1,206	792	1,050	934	651
Short-Term Debt	288	7.00	0.00	0.00	-	200	0.00
Accounts Payable	-	389	848	722	-	604	584
Current Deferred & Payable Income Tax Liabilities	0.00	98	312	12	7.00	75	14
Total Noncurrent Liabilities	1,084	1,172	1,571	1,562	1,565	873	1,120
Long-Term Debt	507	500	499	499	499	0.00	300
Noncurrent Deferred & Payable Income Tax Liabilities	195	264	712	795	683	609	397
Other Noncurrent Operating Liabilities	350	408	360	268	260	264	423
Total Equity & Noncontrolling Interests	1,905	2,478	7,656	7,619	7,223	6,954	5,849
Total Preferred & Common Equity	1,905	2,478	7,656	7,619	7,223	6,954	5,849
Total Common Equity	1,905	2,478	7,656	7,619	7,223	6,954	5,849
Common Stock	480	481	3,402	2,667	2,607	2,549	2,496
Retained Earnings	1,697	2,237	4,503	5,284	4,913	4,726	3,630
Accumulated Other Comprehensive Income / (Loss)	-272	-240	-249	-332	-297	-321	-277

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	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	140.52%	-7.77%	-33.03%	-5.56%	-13.85%
EBITDA Growth	0.00%	553.91%	-34.05%	-92.94%	128.79%	-209.35%
EBIT Growth	0.00%	504.04%	-26.30%	-107.81%	113.73%	-3,143.59%
NOPAT Growth	0.00%	503.46%	-26.54%	-107.25%	97.99%	-20,672.50%
Net Income Growth	0.00%	401.19%	-32.98%	-108.46%	97.01%	-18,640.00%
EPS Growth	0.00%	215.77%	-22.83%	-109.64%	0.00%	0.00%
Operating Cash Flow Growth	0.00%	433.47%	-57.26%	-94.06%	144.27%	-433.44%
Free Cash Flow Firm Growth	0.00%	0.00%	51.55%	-224.30%	204.28%	-121.90%
Invested Capital Growth	0.00%	152.86%	10.27%	69.65%	-45.96%	-4.33%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	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%	0.00%
EPS Q/Q Growth	0.00%	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%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	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%	0.00%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	19.00%	55.84%	47.00%	13.74%	15.87%	6.62%
EBITDA Margin	19.30%	52.47%	37.52%	3.96%	9.58%	-12.16%
Operating Margin	19.00%	46.94%	37.11%	-4.37%	0.64%	-22.46%
EBIT Margin	18.68%	46.92%	37.49%	-4.37%	0.64%	-22.46%
Profit (Net Income) Margin	13.45%	28.02%	20.36%	-2.57%	-0.08%	-17.73%
Tax Burden Percent	74.43%	75.60%	76.17%	73.25%	-12.82%	80.02%
Interest Burden Percent	96.70%	78.99%	71.30%	80.28%	100.00%	98.65%
Effective Tax Rate	25.57%	24.40%	23.83%	0.00%	110.26%	0.00%
Return on Invested Capital (ROIC)	43.65%	149.30%	72.79%	-3.73%	-0.08%	-23.45%
ROIC Less NNEP Spread (ROIC-NNEP)	46.53%	179.90%	92.61%	-5.25%	-0.03%	-19.74%
Return on Net Nonoperating Assets (RNNOA)	-19.92%	-91.14%	-46.93%	1.48%	0.01%	8.81%
Return on Equity (ROE)	23.73%	58.16%	25.86%	-2.25%	-0.07%	-14.64%
Cash Return on Invested Capital (CROIC)	0.00%	62.66%	63.02%	-55.39%	59.60%	-19.02%
Operating Return on Assets (OROA)	21.02%	67.55%	35.65%	-2.93%	0.43%	-14.49%
Return on Assets (ROA)	15.13%	40.34%	19.36%	-1.72%	-0.06%	-11.44%
Return on Common Equity (ROCE)	23.73%	58.16%	25.86%	-2.25%	-0.07%	-14.64%
Return on Equity Simple (ROE_SIMPLE)	23.73%	38.49%	25.92%	-2.31%	-0.07%	0.00%
Net Operating Profit after Tax (NOPAT)	619	3,733	2,742	-199	-4.00	-831
NOPAT Margin	14.14%	35.49%	28.27%	-3.06%	-0.07%	-15.72%
Net Nonoperating Expense Percent (NNEP)	-2.88%	-30.60%	-19.82%	1.52%	-0.05%	-3.71%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-2.57%	-0.06%	-13.51%
Cost of Revenue to Revenue	58.52%	44.16%	53.00%	86.26%	84.13%	93.38%
SG&A Expenses to Revenue	4.23%	2.97%	3.76%	4.73%	4.60%	5.30%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	8.87%	8.90%	9.89%	17.27%	15.24%	28.77%
Earnings before Interest and Taxes (EBIT)	817	4,935	3,637	-284	39	-1,187
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	844	5,519	3,640	257	588	-643
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	1.67	1.28	0.78	0.98	1.04	0.87
Price to Tangible Book Value (P/TBV)	1.67	1.28	0.78	1.43	1.04	0.87
Price to Revenue (P/Rev)	0.94	0.93	0.61	1.08	1.18	0.97
Price to Earnings (P/E)	18.18	2.49	1.97	0.00	0.00	0.00
Dividend Yield	0.00%	0.76%	1.62%	1.42%	1.46%	2.09%
Earnings Yield	5.50%	40.19%	50.72%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.94	2.44	1.34	0.99	1.87	1.50
Enterprise Value to Revenue (EV/Rev)	0.95	0.83	0.54	1.02	1.11	0.98
Enterprise Value to EBITDA (EV/EBITDA)	4.94	1.58	1.45	25.85	11.55	0.00
Enterprise Value to EBIT (EV/EBIT)	5.11	1.77	1.45	0.00	174.12	0.00
Enterprise Value to NOPAT (EV/NOPAT)	6.75	2.34	1.93	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	4.31	1.69	2.39	50.72	21.22	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	5.57	2.23	0.00	2.21	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.20	0.07	0.07	0.07	0.03	0.05
Long-Term Debt to Equity	0.20	0.07	0.07	0.07	0.00	0.05
Financial Leverage	-0.43	-0.51	-0.51	-0.28	-0.27	-0.45
Leverage Ratio	1.77	1.44	1.34	1.31	1.28	1.28
Compound Leverage Factor	1.71	1.14	0.95	1.05	1.28	1.26
Debt to Total Capital	16.98%	6.12%	6.15%	6.46%	2.80%	4.88%
Short-Term Debt to Total Capital	0.23%	0.00%	0.00%	0.00%	2.80%	0.00%
Long-Term Debt to Total Capital	16.75%	6.12%	6.15%	6.46%	0.00%	4.88%
Preferred Equity to Total Capital	0.00%	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%	0.00%
Common Equity to Total Capital	83.02%	93.88%	93.85%	93.54%	97.20%	95.12%
Debt to EBITDA	0.60	0.09	0.14	1.94	0.34	-0.47
Net Debt to EBITDA	0.05	-0.19	-0.18	-1.56	-0.75	-0.15
Long-Term Debt to EBITDA	0.59	0.09	0.14	1.94	0.00	-0.47
Debt to NOPAT	0.82	0.13	0.18	-2.51	-50.00	-0.36
Net Debt to NOPAT	0.07	-0.29	-0.24	2.02	110.25	-0.12
Long-Term Debt to NOPAT	0.81	0.13	0.18	-2.51	0.00	-0.36
Altman Z-Score	4.13	5.52	4.67	3.39	4.00	2.69
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	2.53	2.67	3.47	2.09	1.97	2.13
Quick Ratio	1.40	1.72	1.91	1.15	1.00	0.69
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	1,567	2,374	-2,951	3,077	-674
Operating Cash Flow to CapEx	537.78%	0.00%	462.68%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	34.81	791.33	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	114.76	735.67	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	114.76	576.67	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	1.13	1.44	0.95	0.67	0.68	0.65
Accounts Receivable Turnover	18.37	26.80	22.61	19.66	20.28	19.65
Inventory Turnover	4.49	5.67	4.91	5.95	6.09	5.90
Fixed Asset Turnover	0.00	3.65	2.40	0.00	0.00	1.42
Accounts Payable Turnover	0.00	7.51	6.55	0.00	0.00	8.31
Days Sales Outstanding (DSO)	19.87	13.62	16.14	18.57	17.99	18.57
Days Inventory Outstanding (DIO)	81.23	64.40	74.28	61.32	59.93	61.82
Days Payable Outstanding (DPO)	0.00	48.60	55.72	0.00	0.00	43.92
Cash Conversion Cycle (CCC)	101.10	29.42	34.70	79.89	77.92	36.47
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	1,417	3,583	3,951	6,703	3,622	3,465
Invested Capital Turnover	3.09	4.21	2.58	1.22	1.19	1.49
Increase / (Decrease) in Invested Capital	0.00	2,166	368	2,752	-3,081	-157
Enterprise Value (EV)	4,172	8,731	5,283	6,645	6,791	5,204
Market Capitalization	4,126	9,800	5,946	7,046	7,232	5,106
Book Value per Share	$0.00	$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	$0.00
Total Capital	2,985	8,155	8,118	7,722	7,154	6,149
Total Debt	507	499	499	499	200	300
Total Long-Term Debt	500	499	499	499	0.00	300
Net Debt	46	-1,069	-663	-401	-441	98
Capital Expenditures (CapEx)	180	0.00	477	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	354	443	795	245	462	534
Debt-free Net Working Capital (DFNWC)	815	2,011	1,957	1,145	1,103	736
Net Working Capital (NWC)	808	2,011	1,957	1,145	903	736
Net Nonoperating Expense (NNE)	31	786	767	-32	1.00	106
Net Nonoperating Obligations (NNO)	-1,061	-4,073	-3,668	-520	-3,332	-2,384
Total Depreciation and Amortization (D&A)	27	584	3.00	541	549	544
Debt-free, Cash-free Net Working Capital to Revenue	8.10%	4.21%	8.20%	3.77%	7.53%	10.10%
Debt-free Net Working Capital to Revenue	18.64%	19.12%	20.17%	17.62%	17.98%	13.92%
Net Working Capital to Revenue	18.48%	19.12%	20.17%	17.62%	14.72%	13.92%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$27.03	$21.06	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	0.00	0.00	0.00
Adjusted Diluted Earnings per Share	$0.00	$27.03	$20.86	$0.00	$0.00	($12.08)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	0.00	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	619	3,733	2,742	-3.50	99	-333
Normalized NOPAT Margin	14.14%	35.49%	28.27%	-0.05%	1.61%	-6.29%
Pre Tax Income Margin	18.07%	37.06%	26.73%	-3.51%	0.64%	-22.15%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	0.00	109.67	1,212.33	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	82.94	914.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	109.67	1,053.33	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	82.94	755.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	6.97%	2.55%	5.01%	-59.88%	-2,020.00%	-10.78%
Augmented Payout Ratio	6.97%	47.30%	105.77%	-137.13%	-4,820.00%	-24.55%

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

Financials Breakdown Chart

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 2025 ended on December 31, 2025.

How has West Fraser Timber's net income changed over the last 5 years?

West Fraser Timber's net income appears to be on a downward trend, with a most recent value of -$937 million in 2025, falling from $588 million in 2020. The previous period was -$5 million in 2024. See West Fraser Timber's forecast for analyst expectations on whatâ€™s next for the company.

What is West Fraser Timber's operating income?

West Fraser Timber's total operating income in 2025 was -$1.19 billion, based on the following breakdown:

Total Gross Profit: $350 million
Total Operating Expenses: $1.52 billion

How has West Fraser Timber's revenue changed over the last 5 years?

Over the last 5 years, West Fraser Timber's total revenue changed from $4.37 billion in 2020 to $5.29 billion in 2025, a change of 20.9%.

How much debt does West Fraser Timber have?

West Fraser Timber's total liabilities were at $1.77 billion at the end of 2025, a 2.0% decrease from 2024, and a 4.9% increase since 2019.

How much cash does West Fraser Timber have?

In the past 6 years, West Fraser Timber's cash and equivalents has ranged from $12 million in 2019 to $1.57 billion in 2021, and is currently $202 million as of their latest financial filing in 2025.

How has West Fraser Timber's book value per share changed over the last 5 years?

Over the last 5 years, West Fraser Timber's book value per share changed from 0.00 in 2020 to 0.00 in 2025, a change of 0.0%.

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Financial statements for NYSE:WFG last updated on 2/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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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

Annual Metrics And Ratios for West Fraser Timber

Quarterly Metrics And Ratios for West Fraser Timber

Financials Breakdown Chart

Frequently Asked Questions About West Fraser Timber's Financials

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Advanced Stock Screeners and Research Tools