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.

Ticker: RYN
Exchange: NYSE
Sector: Real Estate
Industry: REIT - Specialty
Market cap: $6.39B
52-week range: $17.71 - $24.82

Valuation

Share price: $21.55 (close of Nov 6, 2026)
P/E (TTM): 35.92x
Price to book: 1.22x
Price to free cash flow: 25.41x
Enterprise value: $7.93B
Book value per share: $17.64

Price performance

Period	Change
1 day	-1.64%
5 days	+11.20%
1 month	+19.13%
3 months	+0.56%
6 months	+1.70%
Year to date	-0.46%
1 year	-3.92%
3 years	-28.05%
5 years	-44.64%
10 years	-17.08%
All time	+268.44%

Short interest

As of: Oct 15, 2026
Short % of float: 5.01%
Shares short: 14.78M
Days to cover: 3.66
Change since prior report: +4.57%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 21.47%
Return on assets: 13.93%
Net margin: 98.21%
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): 3.94%
Current ratio: 1.77x
Net debt to EBITDA: 4.74x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $483.04M
Net income: $474.38M
Earnings per share: $3.07
Interest expense: $26.35M
Shares outstanding: 154.76M

Income statement by year

Period end	Revenue	Net income	EPS
2025-12-31	$483.04M	$474.38M	$3.07
2024-12-31	$986.44M	$359.15M	$2.41
2023-12-31	$786.96M	$173.49M	$1.17
2022-12-31	$907.79M	$107.08M	$0.73
2021-12-31	$1.11B	$152.55M	$1.08
2020-12-31	$858.55M	$37.08M	$0.28
2019-12-31	$711.56M	$59.10M	$0.46
2018-12-31	$816.14M	$102.22M	$0.79
2017-12-31	$819.60M	$148.84M	$1.17
2016-12-31	$815.91M	$211.97M	$1.73

Margins and returns by year

Period end	Net margin	Return on equity
2025-12-31	98.21%	21.47%
2024-12-31	36.41%	20.17%
2023-12-31	22.05%	9.24%
2022-12-31	11.80%	5.69%
2021-12-31	13.76%	8.40%
2020-12-31	4.32%	1.99%
2019-12-31	8.31%	3.84%
2018-12-31	12.52%	6.18%
2017-12-31	18.16%	8.79%
2016-12-31	25.98%	14.16%

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: Sep 16, 2026
Paid in the last twelve months: $1.05

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

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-11-04	Sep 2026	$0.10
2026-08-05	Jun 2026	$0.06
2026-05-06	Mar 2026	$0.06
2026-02-11	Dec 2025	$0.12
2025-11-05	Sep 2025	$0.23
2025-08-06	Jun 2025	$0.03
2025-04-30	Mar 2025	$0.08
2025-02-05	Dec 2024	$0.19

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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