RYNNYSEReal Estate Investment TrustsFiscal year ends December 31
RAYONIER INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$18.69−0.30 (-1.58%)
Close on Oct 19, 2026
- Market cap
- $5.66B
- P/E (TTM)
- 41.5
- Dividend yield
- 13.32%
RAYONIER INC revenue by segment
By business segment
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Southern Timber | $228.31M | $251.64M | $265.13M | $264.20M | $204.44M | $191.83M | $194.11M | $170.00M | $144.51M | $151.19M | 47.1% | -9.3% |
| Real Estate | $172.61M | $628.27M | $389.96M | $138.01M | $189.87M | $229.35M | $74.89M | $138.58M | $207.33M | $301.20M | 35.6% | -72.5% |
| Pacific Northwest Timber | $83.56M | $108.02M | $133.28M | $162.24M | $143.02M | $120.81M | $85.41M | $109.83M | $91.88M | $77.80M | 17.2% | -22.6% |
| Trading | – | $29.63M | $43.68M | $70.95M | $95.36M | $88.97M | $115.44M | $148.81M | $152.58M | $109.68M | – | – |
| New Zealand Timber | – | $238.62M | $235.48M | $274.08M | $281.16M | $202.32M | $241.86M | $249.01M | $223.30M | $176.04M | – | – |
| Timber Funds | – | – | $0 | $0 | $199.40M | $29.56M | $0 | $0 | – | – | – | – |
| Timber Funds, Portion Attributable To Noncontrolling Interests | – | – | – | – | $159.10M | $22.70M | – | – | – | – | – | – |
| Elim. | – | -$232.00K | -$468.00K | -$402.00K | -$3.66M | -$3.68M | -$155.00K | -$92.00K | – | – | – | – |
| Operating income | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Real Estate | $62.33M | $335.12M | $156.61M | $58.50M | $112.54M | $71.95M | $38.67M | $76.24M | $130.86M | $202.40M | -81.4% |
| Southern Timber | $61.10M | $77.90M | $76.34M | $96.62M | $66.11M | $41.25M | $57.80M | $44.25M | $42.25M | $43.10M | -21.6% |
| Pacific Northwest Timber | $1.92M | -$6.30M | -$8.67M | $15.19M | $6.83M | -$9.98M | -$12.43M | $8.14M | $1.13M | -$3.99M | -130.5% |
| Trading | – | -$55.00K | $492.00K | $382.00K | $144.00K | -$462.00K | $8.00K | $953.00K | $4.58M | $2.00M | – |
| New Zealand Timber | – | $33.47M | $26.05M | $30.62M | $51.51M | $29.98M | $48.04M | $62.75M | $57.57M | $33.05M | – |
| Timber Funds | – | – | $0 | $0 | $63.22M | -$13.20M | $0 | $0 | – | – | – |
| Timber Funds, Portion Attributable To Noncontrolling Interests | – | – | – | – | $45.60M | $11.60M | – | – | – | – | – |
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Timber Sales | $258.12M | $294.62M | $344.48M | $715.65M | $729.50M | $594.90M | $587.90M | $640.35M | $585.02M | $487.09M | 53.3% | -12.4% |
| Total Delivered | $171.61M | $188.19M | $231.86M | $607.89M | $642.60M | $514.32M | – | $551.12M | $492.94M | $403.70M | 35.4% | -8.8% |
| Total Real Estate Sales | $171.16M | $626.78M | $388.55M | $136.73M | $188.72M | $228.74M | $74.89M | $138.58M | – | – | 35.3% | -72.7% |
| Sawtimber | $166.17M | $189.36M | $232.76M | $515.25M | $564.50M | $449.18M | $439.47M | $499.97M | $463.74M | $359.85M | 34.3% | -12.2% |
| Total Stumpage | $86.51M | $106.43M | $112.62M | $107.76M | $86.90M | $80.58M | – | $89.23M | $92.08M | $83.39M | 17.9% | -18.7% |
| Pulpwood | $85.76M | $100.29M | $107.45M | $183.18M | $160.33M | $143.29M | $143.16M | $136.95M | $117.36M | $121.24M | 17.7% | -14.5% |
| Stumpage Pay-as-Cut | $82.48M | $97.38M | $109.58M | $98.97M | $69.24M | $70.42M | – | $72.39M | $71.12M | $73.67M | 17.0% | -15.3% |
| Total Non-Timber Sales | $53.76M | $65.04M | $53.93M | $55.41M | $190.23M | $34.91M | $48.77M | $37.22M | $27.25M | $26.59M | 11.1% | -17.3% |
| Timberland & Non-Strategic | $53.50M | $610.00K | $3.35M | $11.40M | $44.00K | $19.26M | $1.34M | $75.28M | – | – | 11.0% | +8670.5% |
| Rural | $48.58M | $72.91M | $99.67M | $59.49M | $43.09M | $67.15M | $47.65M | $46.28M | $18.63M | $18.67M | 10.0% | -33.4% |
| Improved Development | $47.16M | $30.75M | $30.71M | $35.41M | $51.71M | $14.50M | $5.88M | $8.34M | $6.89M | $1.74M | 9.7% | +53.3% |
| License Revenue, Primarily From Hunting | $21.97M | $22.11M | $24.47M | $22.55M | $19.53M | $18.93M | $19.35M | $17.40M | $16.88M | $15.10M | 4.5% | -0.6% |
| Other Non-Timber Revenue | $18.65M | $19.91M | $13.97M | – | – | – | – | – | – | – | 3.8% | -6.3% |
| Deferred Revenue/Other | $16.84M | $14.00M | $12.52M | -$38.00K | -$3.53M | $283.00K | $544.00K | $57.00K | -$541.00K | – | 3.5% | +20.3% |
| Land-Based Solutions | $11.34M | $14.57M | $5.34M | $1.07M | – | – | – | – | – | – | 2.3% | -22.2% |
| Hardwood | $6.18M | $4.97M | $4.28M | $17.22M | $4.67M | $2.43M | $5.26M | $3.43M | $3.91M | $6.05M | 1.3% | +24.5% |
| Unimproved Development | $5.08M | $12.40M | $114.00K | – | $37.50M | $8.43M | $19.48M | $8.62M | $16.41M | $5.54M | 1.0% | -59.0% |
| Stumpage Lump Sum | $4.03M | $9.06M | $3.04M | $8.79M | $17.66M | $10.17M | – | $16.84M | $19.72M | $7.23M | 0.8% | -55.5% |
| Trading | $1.81M | $8.46M | $10.14M | – | – | – | – | – | – | – | 0.4% | -78.7% |
| Stumpage Agreed Volume | – | – | – | – | – | – | – | $0 | $1.23M | $2.49M | – | – |
| Agency Fee Income | – | $1.27M | $1.36M | $1.26M | $1.40M | $1.16M | $677.00K | $652.00K | $1.38M | $1.37M | – | – |
| Other Non-Timber/Carbon Revenue | – | – | $43.20M | $31.45M | $12.55M | $14.82M | $28.75M | $19.17M | $9.00M | $10.12M | – | – |
| Timberlands & Non-Strategic (a) | – | – | – | – | – | – | $19.13M | $98.87M | $70.59M | $67.98M | – | – |
| Large Dispositions | – | $495.00M | $242.20M | $30.47M | $56.05M | $116.03M | – | – | – | – | – | – |
| Conservation Easements | – | $1.10M | – | – | $3.86M | $3.10M | – | – | – | – | – | – |
| Fund II Timberland Dispositions | – | – | – | – | $156.75M | – | – | – | – | – | – | – |
| Other Non-Timber/Carbon Credit Revenue | – | $42.87M | $38.06M | $30.54M | – | – | – | – | – | – | – | – |
By region
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $484.49M | $987.93M | $788.37M | $576.78M | $733.00M | $568.00M | $354.40M | $390.40M | $419.40M | $528.35M | 100.0% | -51.0% |
| New Zealand | – | $275.30M | $269.03M | $332.29M | $376.60M | $291.16M | $357.16M | $425.74M | $400.19M | $287.57M | – | – |
From the segment and revenue-disaggregation notes of Rayonier's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.