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 | Q2 26 | Q1 26 | Q4 25 | Q3 25 | Q2 25 | Q1 25 | Q4 24 | Q3 24 | Q2 24 | Q1 24 | Q4 23 | Q3 23 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Wood Products | $196.16M | $108.48M | – | – | – | $0 | – | – | – | – | – | – | 49.5% | – |
| Southern Timber | $107.59M | $88.69M | $57.21M | $66.83M | $53.32M | $50.94M | $59.10M | $62.42M | $59.33M | $69.98M | $61.01M | $63.97M | 27.1% | +101.8% |
| Real Estate | $53.66M | $59.78M | $42.26M | $90.76M | $29.43M | $10.17M | $567.17M | $30.06M | $15.47M | $15.56M | $310.47M | $31.18M | 13.5% | +82.3% |
| Northwest Timber | $49.73M | $27.47M | – | – | $23.78M | $21.81M | – | – | – | – | – | – | 12.5% | +109.1% |
| New Zealand Timber | – | – | – | – | – | – | $72.37M | $66.77M | $53.78M | $45.70M | $60.04M | $70.44M | – | – |
| Pacific Northwest Timber | – | – | $18.03M | $19.94M | $22.38M | $21.40M | $24.21M | $31.63M | $24.28M | $25.19M | $37.22M | $29.33M | – | – |
| Trading | – | – | – | – | $1.40M | $407.00K | $3.60M | $8.98M | $561.00K | $2.97M | $8.92M | $6.78M | – | – |
| Elim. | – | – | – | – | – | – | $0 | -$88.00K | -$34.00K | -$111.00K | – | -$111.00K | – | – |
| Operating income | Q2 26 | Q1 26 | Q4 25 | Q3 25 | Q2 25 | Q1 25 | Q4 24 | Q3 24 | Q2 24 | Q1 24 | Q4 23 | Q3 23 | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Real Estate | $28.25M | $27.37M | $27.09M | $26.41M | $9.78M | -$950.00K | $326.10M | $8.63M | $516.00K | -$128.00K | $137.89M | $9.19M | +188.9% |
| Wood Products | $15.15M | -$1.02M | – | – | – | $0 | – | – | – | – | – | – | – |
| Northwest Timber | $12.60M | -$449.00K | – | – | $1.49M | $294.00K | – | – | – | – | – | – | +743.0% |
| Southern Timber | $8.11M | $12.39M | $15.82M | $22.54M | $12.60M | $10.15M | $17.98M | $19.79M | $17.09M | $23.01M | $13.77M | $18.63M | -35.6% |
| New Zealand Timber | – | – | – | – | – | – | $14.19M | $8.94M | $2.92M | $7.43M | $6.78M | $17.56M | – |
| Pacific Northwest Timber | – | – | -$1.62M | $1.75M | $1.60M | $748.00K | -$1.31M | $842.00K | -$1.47M | -$4.36M | -$2.19M | -$557.00K | – |
| Trading | – | – | – | – | -$105.00K | -$454.00K | -$115.00K | -$117.00K | $24.00K | $4.00K | $136.00K | -$52.00K | – |
By product or service
| Revenue | Q2 26 | Q1 26 | Q4 25 | Q3 25 | Q2 25 | Q1 25 | Q4 24 | Q3 24 | Q2 24 | Q1 24 | Q4 23 | Q3 23 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Wood Products Sales | $196.16M | $108.48M | – | – | – | – | – | – | – | – | – | – | 49.5% | – |
| Lumber | $158.63M | $87.20M | – | – | – | – | – | – | – | – | – | – | 40.0% | – |
| Total Timber Sales | $128.22M | $93.32M | $60.40M | $70.53M | $64.93M | $62.26M | $65.68M | $71.05M | $73.36M | $88.06M | $138.87M | $143.24M | 32.3% | +97.5% |
| Total Delivered | $101.89M | $68.01M | $40.26M | $43.41M | $45.23M | $42.71M | $47.17M | $46.30M | $45.71M | $52.55M | $114.65M | $116.81M | 25.7% | +125.3% |
| Sawtimber | $94.08M | $66.73M | $38.23M | $44.96M | $43.31M | $39.67M | $40.89M | $45.41M | $47.20M | $59.39M | $105.38M | $107.99M | 23.7% | +117.2% |
| Total Real Estate Sales | $53.30M | $59.52M | $41.93M | $90.28M | $29.09M | $9.86M | $566.80M | $29.61M | $15.10M | $15.28M | $310.10M | $30.73M | 13.4% | +83.2% |
| Rural | $40.74M | $49.43M | $20.27M | $7.31M | $15.73M | $5.27M | $42.95M | $13.77M | $7.47M | $8.73M | $57.08M | $20.46M | 10.3% | +159.0% |
| Plywood/Residual/Other | $37.53M | $21.29M | – | – | – | – | – | – | – | – | – | – | 9.5% | – |
| Pulpwood | $31.97M | $24.97M | $20.52M | $23.49M | $20.70M | $21.06M | $22.82M | $24.50M | $25.49M | $27.48M | $32.38M | $33.91M | 8.1% | +54.5% |
| Total Stumpage | $26.33M | $25.32M | $20.13M | $27.13M | $19.69M | $19.56M | $18.51M | $24.75M | $27.65M | $35.51M | $24.22M | $26.42M | 6.6% | +33.7% |
| Stumpage Pay-as-Cut | $23.86M | $22.81M | $19.26M | $26.11M | $19.13M | $17.98M | $16.84M | $20.91M | $26.10M | $33.53M | $23.16M | $25.45M | 6.0% | +24.7% |
| Total Non-Timber Sales | $18.43M | $15.20M | $14.84M | $16.24M | $12.18M | $10.49M | $17.63M | $22.99M | $10.81M | $10.08M | $2.48M | $27.17M | 4.6% | +51.3% |
| License Revenue, Primarily From Hunting | $9.34M | $7.91M | $5.63M | $5.58M | $5.44M | $5.33M | $5.68M | $5.64M | $5.41M | $5.37M | $6.01M | $7.66M | 2.4% | +71.8% |
| Improved Development | $6.44M | $6.59M | $14.79M | $20.59M | $8.48M | $3.29M | $14.36M | $12.00M | $2.58M | $1.83M | $10.55M | $3.12M | 1.6% | -24.1% |
| Deferred Revenue/Other | $6.13M | $3.50M | $4.79M | $8.88M | $1.88M | $1.29M | $2.10M | $2.74M | $5.05M | $4.11M | – | $5.98M | 1.5% | +226.8% |
| Other Non-Timber/Carbon Credit Revenue | $5.03M | $3.69M | – | $7.81M | $2.54M | $1.97M | – | $9.80M | $2.80M | $3.00M | – | – | 1.3% | +98.5% |
| Land-Based Solutions | $4.06M | $3.60M | $2.89M | $2.85M | $2.81M | $2.79M | $7.48M | $2.78M | $2.60M | $1.71M | $1.09M | $1.05M | 1.0% | +44.4% |
| Stumpage Lump Sum | $2.47M | $2.50M | $877.00K | $1.01M | $561.00K | $1.58M | $1.67M | $3.85M | $1.55M | $1.98M | $1.06M | $969.00K | 0.6% | +340.5% |
| Hardwood | $2.17M | $1.62M | $1.65M | $2.08M | $923.00K | $1.53M | $1.96M | $1.14M | $672.00K | $1.20M | $1.11M | $1.34M | 0.5% | +135.4% |
| Agency Fee Income | – | – | – | – | – | – | $367.00K | $280.00K | $296.00K | $330.00K | $409.00K | $270.00K | – | – |
| Other Non-Timber/Carbon Revenue | – | – | – | – | – | – | – | – | – | – | $11.33M | $19.19M | – | – |
| Unimproved Development | – | – | $2.08M | $0 | $3.00M | – | – | – | – | – | $0 | $114.00K | – | – |
| Timberland & Non-Strategic | – | – | $0 | $53.50M | – | – | $0 | $0 | $15.50M | $610.00K | $400.00K | $1.06M | – | – |
| Other Non-Timber/Carbon Credit Revenue | – | – | – | – | – | – | $10.45M | $18.60M | $7.34M | $6.49M | $10.28M | $18.19M | – | – |
| Conservation Easements | – | – | – | – | – | – | $0 | $1.10M | – | – | – | – | – | – |
| Trading | – | – | $0 | $0 | $1.40M | $407.00K | $150.00K | $4.78M | – | – | – | – | – | – |
By region
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.