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 | TTM Q2 26 | TTM Q1 26 | TTM Q4 25 | TTM Q3 25 | TTM Q2 25 | TTM Q1 25 | TTM Q4 24 | TTM Q3 24 | TTM Q2 24 | TTM Q1 24 | TTM Q4 23 | TTM Q3 23 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Southern Timber | $320.33M | $266.06M | $228.31M | $230.20M | $225.78M | $231.78M | $251.64M | $252.73M | $254.29M | $263.27M | $265.13M | $260.74M | 33.1% | +41.9% |
| Real Estate | $246.46M | $222.23M | $172.61M | $697.53M | $636.83M | $622.87M | $628.27M | $371.57M | $372.68M | $389.25M | $389.96M | $136.47M | 25.5% | -61.3% |
| New Zealand Timber | – | – | – | – | – | – | $238.62M | $226.30M | $229.96M | $237.08M | $235.48M | $246.79M | – | – |
| Pacific Northwest Timber | – | – | $83.56M | $87.94M | $99.63M | $101.53M | $108.02M | $118.32M | $116.02M | $124.05M | $133.28M | $138.46M | – | – |
| Trading | – | – | – | – | $14.38M | $13.54M | $29.63M | $21.43M | $19.23M | $34.08M | $43.68M | $52.99M | – | – |
| Elim. | – | – | – | – | – | – | -$232.00K | – | – | – | – | – | – | – |
| Operating income | TTM Q2 26 | TTM Q1 26 | TTM Q4 25 | TTM Q3 25 | TTM Q2 25 | TTM Q1 25 | TTM Q4 24 | TTM Q3 24 | TTM Q2 24 | TTM Q1 24 | TTM Q4 23 | TTM Q3 23 | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Real Estate | $109.12M | $90.65M | $62.33M | $361.34M | $343.56M | $334.30M | $335.12M | $146.91M | $147.46M | $155.59M | $156.61M | $40.26M | -68.2% |
| Southern Timber | $58.87M | $63.35M | $61.10M | $63.27M | $60.52M | $65.02M | $77.90M | $73.66M | $72.50M | $77.12M | $76.34M | $82.30M | -2.7% |
| New Zealand Timber | – | – | – | – | – | – | $33.47M | $26.06M | $34.68M | $34.14M | $26.05M | $27.23M | – |
| Pacific Northwest Timber | – | – | $1.92M | $2.79M | $1.88M | -$1.18M | -$6.30M | -$7.18M | -$8.58M | -$9.49M | -$8.67M | -$3.01M | – |
| Trading | – | – | – | – | -$791.00K | -$662.00K | -$55.00K | $47.00K | $112.00K | $155.00K | $492.00K | $654.00K | – |
By product or service
| Revenue | TTM Q2 26 | TTM Q1 26 | TTM Q4 25 | TTM Q3 25 | TTM Q2 25 | TTM Q1 25 | TTM Q4 24 | TTM Q3 24 | TTM Q2 24 | TTM Q1 24 | TTM Q4 23 | TTM Q3 23 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Timber Sales | $352.47M | $289.18M | $258.12M | $263.40M | $263.92M | $272.35M | $294.62M | $371.34M | $443.53M | $533.71M | $344.48M | $629.28M | 36.4% | +33.6% |
| Total Delivered | $253.57M | $196.91M | $171.61M | $178.51M | $181.40M | $181.88M | $188.19M | $259.20M | $329.72M | $416.77M | $231.86M | $517.73M | 26.2% | +39.8% |
| Total Real Estate Sales | $245.04M | $220.82M | $171.16M | $696.03M | $635.36M | $621.36M | $626.78M | $370.08M | $371.21M | $387.79M | $388.55M | $135.12M | 25.3% | -61.4% |
| Sawtimber | $244.00M | $193.23M | $166.17M | $168.83M | $169.28M | $173.18M | $189.36M | $257.38M | $319.96M | $399.72M | $232.76M | $475.85M | 25.2% | +44.1% |
| Rural | $117.75M | $92.74M | $48.58M | $71.26M | $77.72M | $69.46M | $72.91M | $87.04M | $93.74M | $101.89M | $99.67M | $54.74M | 12.2% | +51.5% |
| Pulpwood | $100.95M | $89.67M | $85.76M | $88.07M | $89.08M | $93.87M | $100.29M | $109.85M | $119.25M | $129.63M | $107.45M | $148.82M | 10.4% | +13.3% |
| Total Stumpage | $98.91M | $92.27M | $86.51M | $84.89M | $82.52M | $90.48M | $106.43M | $112.14M | $113.81M | $116.93M | $112.62M | $111.55M | 10.2% | +19.9% |
| Stumpage Pay-as-Cut | $92.04M | $87.31M | $82.48M | $80.06M | $74.86M | $81.83M | $97.38M | $103.70M | $108.25M | $112.64M | $109.58M | $106.75M | 9.5% | +22.9% |
| Total Non-Timber Sales | $64.72M | $58.47M | $53.76M | $56.55M | $63.30M | $61.92M | $65.04M | $46.36M | $50.53M | $53.01M | $53.93M | $69.17M | 6.7% | +2.2% |
| Improved Development | $48.41M | $50.45M | $47.16M | $46.72M | $38.13M | $32.22M | $30.75M | $26.95M | $18.07M | $27.73M | $30.71M | $36.74M | 5.0% | +26.9% |
| License Revenue, Primarily From Hunting | $28.46M | $24.56M | $21.97M | $22.02M | $22.08M | $22.06M | $22.11M | $22.43M | $24.45M | $24.43M | $24.47M | $23.85M | 2.9% | +28.9% |
| Deferred Revenue/Other | $23.30M | $19.05M | $16.84M | $14.15M | $8.00M | $11.18M | $14.00M | – | – | – | – | – | 2.4% | +191.1% |
| Land-Based Solutions | $13.40M | $12.15M | $11.34M | $15.93M | $15.85M | $15.63M | $14.57M | $8.17M | $6.45M | $6.22M | $5.34M | – | 1.4% | -15.5% |
| Hardwood | $7.53M | $6.28M | $6.18M | $6.50M | $5.55M | $5.30M | $4.97M | $4.11M | $4.32M | $4.35M | $4.28M | $4.61M | 0.8% | +35.6% |
| Stumpage Lump Sum | $6.87M | $4.96M | $4.03M | $4.83M | $7.66M | $8.65M | $9.06M | $8.44M | $5.57M | $4.29M | $3.04M | $4.80M | 0.7% | -10.3% |
| Agency Fee Income | – | – | – | – | – | – | $1.27M | $1.32M | $1.31M | $1.36M | $1.36M | $1.25M | – | – |
| Other Non-Timber/Carbon Revenue | – | – | – | – | – | – | – | – | – | – | $43.20M | $43.75M | – | – |
| Timberland & Non-Strategic | – | – | $53.50M | – | – | – | $610.00K | $16.51M | $17.57M | $2.32M | $3.35M | $2.95M | – | – |
| Unimproved Development | – | – | $5.08M | – | – | – | – | – | – | – | $114.00K | – | – | – |
| Other Non-Timber/Carbon Credit Revenue | – | – | – | – | – | – | $42.87M | $42.72M | $42.30M | $40.14M | $38.06M | – | – | – |
| Conservation Easements | – | – | – | – | – | – | $1.10M | – | – | – | – | – | – | – |
| Trading | – | – | $1.81M | $1.96M | $6.73M | – | $8.46M | – | – | – | – | – | – | – |
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.