Rayonier Inc (RYN)
Rayonier Inc. is a land resources real estate investment trust (REIT) with a portfolio comprising over four million acres in the U.S. South and U.S. Northwest. The company is focused on managing its timberlands on a sustainable basis while optimizing its overall portfolio value by delivering land to its highest and best use. Rayonier also operates six sawmills, an industrial-grade plywood mill, residential and commercial real estate developments, and a rural land sales program. Rayonier is committed to corporate responsibility, third-party forest certification, and supporting climate change mitigation through its land-based solutions business. Rayonier Inc. was established in 1926 and was incorporated in North Carolina.
- Symbol
- RYN
- Exchange
- NYSE
- Sector
- Real Estate
- Industry
- REIT - Specialty
- Market cap
- $6.11B
- 52 week range
- 19.49 - 27.06
Valuation
- Share price
- $19.86 (close of 2026-09-23)
- P/E (TTM)
- 6.66x
- Price to book
- 1.15x
- Price to free cash flow
- 28.19x
- Enterprise value
- $7.48B
- Book value per share
- $17.67
Price performance
| Period | Change |
|---|
| 1 day | -0.85% |
| 5 days | -2.74% |
| 1 month | -6.32% |
| 3 months | -6.19% |
| 6 months | -1.10% |
| Year to date | -8.27% |
| 1 year | -23.23% |
| 3 years | -30.46% |
| 5 years | -46.64% |
| 10 years | -26.23% |
| All time | +239.49% |
Profitability and growth
- Return on equity
- 21.47%
- Return on invested capital
- 3.41%
- Return on assets
- 13.93%
- Return on capital employed
- 2.66%
- Gross margin
- 32.26%
- Net margin
- 98.21%
- EBITDA margin
- 17.25%
- Revenue growth
- -51.03%
- Net income growth
- 32.09%
- Free cash flow growth
- 61.36%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 3.55%
- Current ratio
- 2.53x
- Net debt to EBITDA
- 6.97x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $483.04M
- Cost of revenue
- $327.20M
- Gross profit
- $155.83M
- EBITDA
- $83.34M
- Net income
- $474.38M
- Earnings per share
- $3.07
- Shares outstanding
- 154.76M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $483.04M | $155.83M | $474.38M | $3.07 |
| 2024-12-31 | $986.44M | $438.86M | $359.15M | $2.41 |
| 2023-12-31 | $786.96M | $258.04M | $173.49M | $1.17 |
| 2022-12-31 | $907.79M | $219.51M | $107.08M | $0.73 |
| 2021-12-31 | $1.11B | $312.33M | $152.55M | $1.08 |
| 2020-12-31 | $858.55M | $146.11M | $37.08M | $0.28 |
| 2019-12-31 | $711.56M | $153.21M | $59.10M | $0.46 |
| 2018-12-31 | $816.14M | $210.88M | $102.22M | $0.79 |
| 2017-12-31 | $819.60M | $251.34M | $148.84M | $1.17 |
| 2016-12-31 | $815.91M | $289.48M | $211.97M | $1.73 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 32.26% | 98.21% | 21.47% | 3.41% |
| 2024-12-31 | 44.49% | 36.41% | 20.17% | 14.35% |
| 2023-12-31 | 32.79% | 22.05% | 9.24% | 5.90% |
| 2022-12-31 | 24.18% | 11.80% | 5.69% | 4.64% |
| 2021-12-31 | 28.18% | 13.76% | 8.40% | 8.73% |
| 2020-12-31 | 17.02% | 4.32% | 1.99% | 2.07% |
| 2019-12-31 | 21.53% | 8.31% | 3.84% | 3.58% |
| 2018-12-31 | 25.84% | 12.52% | 6.18% | 5.84% |
| 2017-12-31 | 30.67% | 18.16% | 8.79% | 7.44% |
| 2016-12-31 | 35.48% | 25.98% | 14.16% | 10.14% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $842.94M | $845.34M |
| 2024-12-31 | $303.06M | $1.04B |
| 2023-12-31 | $207.70M | $1.37B |
| 2022-12-31 | $114.25M | $1.51B |
| 2021-12-31 | $362.17M | $1.24B |
| 2020-12-31 | $84.51M | $1.36B |
| 2019-12-31 | $68.73M | $973.13M |
| 2018-12-31 | $148.37M | $972.57M |
| 2017-12-31 | $112.65M | $1.02B |
| 2016-12-31 | $85.91M | $1.03B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $256.66M | $11.00M |
| 2024-12-31 | $159.06M | $14.23M |
| 2023-12-31 | $202.87M | $14.00M |
| 2022-12-31 | $194.38M | $12.36M |
| 2021-12-31 | $249.15M | $9.28M |
| 2020-12-31 | $137.67M | $8.03M |
| 2019-12-31 | $150.26M | $6.90M |
| 2018-12-31 | $247.77M | $6.43M |
| 2017-12-31 | $190.94M | $5.40M |
| 2016-12-31 | $145.08M | $5.14M |
Dividend history
- Most recent payment
- 2026-09-16
- Paid in the last twelve months
- $2.45
| Payment date | Dividend per share |
|---|
| 2026-09-16 | $0.26 |
| 2026-06-16 | $0.26 |
| 2026-03-17 | $0.26 |
| 2025-12-10 | $0.27 |
| 2025-10-24 | $1.40 |
| 2025-09-16 | $0.27 |
| 2025-06-16 | $0.27 |
| 2025-03-17 | $0.27 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-04
- Consensus EPS estimate
- $0.14
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-05 | Jun/2026 | $0.06 |
| 2026-05-06 | - | - |
| 2026-02-11 | - | - |
| 2025-11-05 | - | - |
| 2025-08-06 | - | - |
| 2025-04-30 | - | - |
| 2025-02-05 | - | - |
| 2024-11-06 | - | - |
Filings and sources
- Company website
- rayonier.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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