What is Rayonier Inc.'s earnings per share (EPS)?

Rayonier Inc. (RYN) reported diluted earnings per share of $3.03 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Rayonier Inc. (RYN) Financials

RYN

Trailing 12 months to March 31, 2026

Revenue $678.4M -29.1% YoY

Net Income $465.4M +31.3% YoY

EPS (Diluted) $3.03 FY2025 annual

Operating Cash Flow $263.5M +11.2% YoY

Market Cap $5.6B as of Oct 10, 2026

Price / Sales 8.3x on $678.4M revenue, trailing 12 months to March 31, 2026

Price / Earnings 12.1x on $465.4M net income, trailing 12 months to March 31, 2026

Price / Book 1.1x on $5.3B equity, Q1 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported May 8, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed May 8, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the RYN SEC filings page.

Rayonier Inc. (RYN) reported $678.4M in revenue over the twelve months to Mar 31, 2026, down 29.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI RYN FY2025 2026-10-03

FY2025’s reported profit was dominated by items outside operating income, while debt fell and short-term liquidity improved.

Revenue fell to $484M while operating margin dropped to 17.2% in FY2025, so the reported result is not a continuation of FY2024’s operating strength. Net income reached $474M while operating cash flow was $257M, indicating the earnings surge was concentrated above operating profit rather than cash generation.

Operating margin compressed from 36.9% in FY2024 to 17.2% in FY2025, showing the core business contributed less profit per dollar of activity. With revenue also falling to $484M, the business had less volume to absorb operating costs.

Debt-to-equity fell to 0.4x in FY2025 from 0.6x in FY2024, reducing reliance on creditors. Current ratio rose to 3.3x from 1.1x, indicating a much larger short-term asset cushion despite weaker operating performance.

Financial Health Signals

Financial health score not available

Rayonier Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Safe

3.39

Rayonier Inc. scores 3.39, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($5.6B) relative to total liabilities ($1.2B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

5/9

Rayonier Inc. passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

0.54x

For every $1 of reported earnings, Rayonier Inc. generates $0.54 in operating cash flow ($256.7M OCF vs $474.4M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage Adequate

3.16x

Rayonier Inc. earns $3.16 in operating income for every $1 of interest expense ($83.3M vs $26.4M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$276.8M

YoY+233.8%

QoQ+135.6%

Rayonier Inc. generated $276.8M in revenue in Q1 2026. This represents an increase of 233.8% from the same quarter a year earlier. Against the prior quarter it is up 135.6%.

Net Income

-$12.4M

YoY-263.1%

QoQ-148.0%

Rayonier Inc. reported -$12.4M in net income in Q1 2026. This represents a decrease of 263.1% from the same quarter a year earlier. Against the prior quarter it is down 148.0%.

EPS (Diluted)

-$0.05

YoY-150.0%

QoQ-133.3%

Rayonier Inc. earned -$0.05 per diluted share (EPS) in Q1 2026. This represents a decrease of 150.0% from the same quarter a year earlier. Against the prior quarter it is down 133.3%.

EBITDA

Not reported for Q1 2026.

Cash & Balance Sheet

Cash & Debt

$681.7M

YoY+215.2%

QoQ-19.1%

5Y CAGR+52.5%

10Y CAGR+24.5%

Rayonier Inc. held $681.7M in cash against $1.9B in long-term debt as of Q1 2026.

Dividends Per Share

$0.26

YoY-4.6%

Rayonier Inc. paid $0.26 per share in dividends in Q1 2026. This represents a decrease of 4.6% from the same quarter a year earlier.

Shares Outstanding

301M

YoY+93.1%

QoQ-0.5%

5Y CAGR+16.7%

10Y CAGR+9.4%

Rayonier Inc. had 301M shares outstanding in Q1 2026. This represents an increase of 93.1% from the same quarter a year earlier. Against the prior quarter it is down 0.5%.

Free Cash Flow

Not reported for Q1 2026.

Margins & Returns

Gross Margin

16.8%

YoY-4.9pp

QoQ-25.2pp

Rayonier Inc.'s gross margin was 16.8% in Q1 2026, indicating the percentage of revenue retained after direct costs. This is down 4.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 25.2 percentage points.

Operating Margin

-16.5%

YoY-16.6pp

QoQ-39.5pp

Rayonier Inc.'s operating margin was -16.5% in Q1 2026, reflecting core business profitability. This is down 16.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 39.5 percentage points.

Net Margin

-4.5%

YoY-0.4pp

QoQ-26.5pp

Rayonier Inc.'s net profit margin was -4.5% in Q1 2026, showing the share of revenue converted to profit. This is down 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 26.5 percentage points.

Return on Equity

-0.2%

YoY-0.1pp

QoQ-1.4pp

Rayonier Inc.'s ROE was -0.2% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is down 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.4 percentage points.

Capital Allocation

Share Buybacks

$1.0M

YoY+2547.4%

QoQ+372.3%

5Y CAGR+45.4%

10Y CAGR+3.8%

Rayonier Inc. spent $1.0M on share buybacks in Q1 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 2547.4% from the same quarter a year earlier. Against the prior quarter it is up 372.3%.

R&D Spending

Not reported for Q1 2026.

Capital Expenditures

Not reported for Q1 2026.

RYN Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

RYN quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY228-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$678.4M	$484.5M-51.0%	$987.9M+25.3%	$788.4M+36.6%	$577.2M-48.0%	$1.1B+29.1%	$859.2M+20.7%	$711.6M-12.8%	$816.1M-0.4%	$819.6M+0.5%	$815.9M+43.4%	$568.8M-5.8%	$603.5M-8.5%	$659.7M+74.2%	$378.6M-73.4%	$1.4B
Cost of Revenue	$492.6M	$327.2M-40.2%	$547.6M+3.5%	$528.9M+34.8%	$392.3M-50.7%	$796.1M+11.7%	$712.4M+27.6%	$558.4M-7.8%	$605.3M+6.5%	$568.3M+7.9%	$526.4M+19.2%	$441.7M-8.7%	$483.9M-8.8%	$530.8M+73.8%	$305.5M-69.6%	$1.0B
Gross Profit	$185.8M	$157.3M-64.3%	$440.3M+69.7%	$259.5M+40.3%	$184.9M-41.0%	$313.5M+113.7%	$146.7M-4.2%	$153.2M-27.3%	$210.9M-16.1%	$251.3M-13.2%	$289.5M+127.8%	$127.1M+6.2%	$119.7M-7.2%	$128.9M+76.3%	$73.1M-82.4%	$414.7M
SG&A Expenses	$71.7M	$66.7M-10.4%	$74.4M-0.5%	$74.8M+15.5%	$64.7M+12.0%	$57.8M+14.1%	$50.6M+21.6%	$41.6M-0.7%	$42.0M+4.2%	$40.2M-5.9%	$42.8M-6.5%	$45.8M-4.5%	$47.9M-13.6%	$55.4M-5.5%	$58.6M-10.1%	$65.3M
Operating Income	$37.6M	$83.3M-77.1%	$364.1M+97.1%	$184.7M+36.4%	$135.4M-49.8%	$269.8M+262.7%	$74.4M-30.5%	$107.0M-37.1%	$170.1M-21.1%	$215.5M-15.8%	$255.8M+228.8%	$77.8M-20.9%	$98.3M-9.5%	$108.7M+238.9%	$32.1M-91.0%	$357.3M
EBITDA	N/A	N/A	$478.0M+48.8%	$321.3M+24.1%	$258.9M-50.1%	$518.3M+88.6%	$274.8M+16.8%	$235.3M-25.1%	$314.2M-13.1%	$361.5M-11.2%	$406.9M+112.5%	$191.5M-12.3%	$218.3M-3.2%	$225.5M+93.3%	$116.7M-76.2%	$489.8M
Interest Expense	$34.3M	$26.4M-21.9%	$33.8M-30.2%	$48.3M+33.5%	$36.2M-19.4%	$44.9M+15.8%	$38.8M+22.2%	$31.7M-1.1%	$32.1M-5.9%	$34.1M+5.7%	$32.2M+1.7%	$31.7M-28.4%	$44.2M+8.1%	$40.9M-4.4%	$42.8M-15.7%	$50.8M
Income Tax	-$39.2M	$527K+151.6%	-$1.0M-448.8%	$293K-90.6%	$3.1M-78.8%	$14.7M+109.2%	$7.0M-45.8%	$12.9M-48.7%	$25.2M+16.4%	$21.7M+328.1%	$5.1M+689.5%	-$859K+91.1%	-$9.6M+73.1%	-$35.7M-31.9%	-$27.1M-188.2%	$30.7M
Net Income	$465.4M	$474.4M+32.1%	$359.1M+107.0%	$173.5M+62.0%	$107.1M-29.8%	$152.6M+311.4%	$37.1M-37.3%	$59.1M-42.2%	$102.2M-31.3%	$148.8M-29.8%	$212.0M+359.2%	$46.2M-53.5%	$99.3M-73.3%	$371.9M+33.4%	$278.7M+1.0%	$276.0M
EPS (Basic)	N/A	$3.07+27.4%	$2.41+106.0%	$1.17+60.3%	$0.73-32.4%	$1.08+285.7%	$0.28-39.1%	$0.46-41.8%	$0.79-32.5%	$1.17-32.4%	$1.73+367.6%	$0.37-52.6%	$0.78-73.6%	$2.96+30.4%	$2.270.0%	$2.27
EPS (Diluted)	—	$3.03	$2.39+104.3%	$1.17+60.3%	$0.73-32.4%	$1.08+300.0%	$0.27-41.3%	$0.46-41.8%	$0.79-31.9%	$1.16-32.9%	$1.73+367.6%	$0.37-51.3%	$0.76-73.4%	$2.86+31.8%	$2.17-1.4%	$2.20
Diluted Shares (Avg)	N/A	159M	152M+0.7%	151M+0.6%	150M+3.3%	145M+6.1%	137M+5.7%	130M-0.1%	130M+1.5%	128M+4.1%	123M-2.5%	126M-3.9%	131M+0.7%	130M+1.1%	129M+2.6%	125M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Revenue	$276.8M+233.8%	$117.5M-81.9%	$177.5M+43.1%	$106.5M+6.9%	$82.9M-27.1%	$650.5M+227.1%	$124.1M-38.4%	$99.6M-52.3%
Cost of Revenue	$230.3M+254.6%	$68.2M-77.3%	$119.1M+38.0%	$74.9M+0.8%	$65.0M-24.6%	$300.8M+357.8%	$86.3M-40.7%	$74.3M-55.9%
Gross Profit	$46.5M+158.5%	$49.3M-85.9%	$58.4M+54.6%	$31.6M+24.8%	$18.0M-34.8%	$349.7M+162.6%	$37.8M-32.5%	$25.3M-37.4%
SG&A Expenses	$21.7M+29.8%	$16.1M-3.1%	$17.0M-6.9%	$16.9M-17.9%	$16.7M-12.1%	$16.6M-17.6%	$18.3M-3.5%	$20.6M+8.7%
Operating Income	-$45.7M-77478.0%	$27.0M-91.9%	$41.7M+121.5%	$14.5M+219.9%	$59K-99.3%	$332.1M+180.0%	$18.8M-46.7%	$4.5M-77.4%
EBITDA	N/A	N/A	$76.5M+63.9%	$38.0M+27.6%	N/A	$355.8M+152.5%	$46.7M-35.4%	$29.8M-50.2%
Interest Expense	$14.3M+123.7%	$6.6M+15.1%	$6.8M-26.5%	$6.5M-27.5%	$6.4M-34.4%	$5.8M-50.2%	$9.2M-26.9%	$9.0M-27.5%
Income Tax	-$39.4M-13649.8%	$236K+675.6%	$0-100.0%	$0	$291K+129.4%	-$41K+97.2%	$10K-98.2%	$0-100.0%
Net Income	-$12.4M-263.1%	$25.9M-92.1%	$43.2M+50.2%	$408.7M+21377.0%	-$3.4M-352.3%	$327.1M+157.7%	$28.8M+49.5%	$1.9M-90.0%
EPS (Basic)	-$0.05-150.0%	$0.17-92.2%	$0.28+47.4%	$2.63+26200.0%	-$0.02-300.0%	$2.19+154.7%	$0.19+46.2%	$0.01-92.3%
EPS (Diluted)	-$0.05-150.0%	$0.15-93.1%	$0.28+47.4%	$2.63+26200.0%	-$0.02-300.0%	$2.18+153.5%	$0.19+46.2%	$0.01-92.3%
Diluted Shares (Avg)	256M+66.6%	N/A	156M+3.4%	158M+5.9%	154M+3.4%	N/A	151M+0.2%	149M-1.4%

Not reported in any period shown, so not listed: R&D Expenses.

RYN Balance Sheet

RYN quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY228-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$3.4B-2.0%	$3.5B-4.7%	$3.6B-3.7%	$3.8B+4.2%	$3.6B-2.5%	$3.7B+30.3%	$2.9B+2.9%	$2.8B-2.7%	$2.9B+6.4%	$2.7B+16.0%	$2.3B-5.6%	$2.5B-33.4%	$3.7B+18.0%	$3.1B+21.5%	$2.6B
Current Assets	$883.8M+102.3%	$436.9M+37.8%	$317.0M+56.6%	$202.4M-55.2%	$451.4M+164.7%	$170.6M+35.4%	$126.0M-39.4%	$207.9M+13.3%	$183.5M+11.4%	$164.8M+55.9%	$105.7M-50.5%	$213.7M-58.8%	$519.1M-8.3%	$566.3M+64.4%	$344.5M
Cash & Equivalents	$842.9M+178.1%	$303.1M+68.7%	$179.7M+57.3%	$114.3M-68.5%	$362.2M+328.6%	$84.5M+22.9%	$68.7M-53.7%	$148.4M+31.7%	$112.7M+31.1%	$85.9M+65.9%	$51.8M-68.0%	$161.6M-19.1%	$199.6M-28.9%	$280.6M+257.0%	$78.6M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$6.8M-77.9%	$30.9M+5.8%	$29.2M+23.0%	$23.7M-16.8%	$28.5M+169.2%	$10.6M-27.0%	$14.5M-7.5%	$15.7M-35.0%	$24.1M+12.9%	$21.4M+39.3%	$15.4M+83.1%	$8.4M-94.0%	$138.8M+8.5%	$128.0M+4.9%	$122.0M
Accounts Receivable	$9.1M+13.7%	$8.0M-38.8%	$13.1M-53.0%	$27.8M-7.3%	$30.0M-38.8%	$49.1M+80.9%	$27.1M+3.7%	$26.2M-5.6%	$27.7M+34.0%	$20.7M+2.2%	$20.2M-15.8%	$24.0M-74.7%	$95.0M-5.4%	$100.4M+5.6%	$95.0M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	N/A	$7.0M-10.9%	$7.8M-0.5%	$7.9M-7.0%	$8.5M-5.4%	$8.9M+3.9%	$8.6M+3.7%	$8.3M-5.3%	$8.8M+1.1%	$8.7M+2.4%	$8.5M-12.5%	$9.7M-4.8%	$10.2M	$0	N/A
Total Liabilities	$1.2B-29.9%	$1.7B-4.6%	$1.8B-7.1%	$1.9B+3.2%	$1.9B-17.3%	$2.3B+58.7%	$1.4B+16.1%	$1.2B-3.3%	$1.3B-0.7%	$1.3B+24.0%	$1.0B+6.6%	$964.6M-52.3%	$2.0B+20.1%	$1.7B+35.2%	$1.2B
Current Liabilities	$271.3M-30.2%	$388.7M+177.1%	$140.3M+47.2%	$95.3M-58.9%	$231.7M+154.3%	$91.1M-39.7%	$151.2M+137.9%	$63.5M-7.3%	$68.5M-25.5%	$92.0M+54.7%	$59.5M-70.6%	$202.0M-26.8%	$276.1M-10.3%	$307.8M+72.7%	$178.3M
Non-Current Liabilities	$923.6M-29.8%	$1.3B-20.1%	$1.6B-9.9%	$1.8B+12.0%	$1.6B-24.5%	$2.2B+70.4%	$1.3B+9.4%	$1.2B-3.1%	$1.2B+1.2%	$1.2B+22.1%	$968.4M+27.0%	$762.6M-56.4%	$1.7B+26.9%	$1.4B+28.9%	$1.1B
Long-Term Debt	$845.3M-19.1%	$1.0B-19.2%	$1.3B-14.6%	$1.5B+21.9%	$1.2B-8.7%	$1.4B+39.8%	$973.1M+0.1%	$972.6M-4.8%	$1.0B-0.8%	$1.0B+24.0%	$830.6M+33.6%	$621.8M-57.5%	$1.5B+30.5%	$1.1B+36.7%	$819.2M
Total Equity	$2.2B+24.9%	$1.8B-4.9%	$1.9B-0.3%	$1.9B+5.3%	$1.8B+20.2%	$1.5B+2.4%	$1.4B-7.5%	$1.6B-2.3%	$1.6B+12.9%	$1.4B+9.6%	$1.3B-13.5%	$1.5B-10.4%	$1.7B+15.5%	$1.4B+8.7%	$1.3B
Retained Earnings	$280.9M+9.2%	$257.3M-23.9%	$338.2M-7.7%	$366.6M-8.9%	$402.3M-9.9%	$446.3M-23.5%	$583.0M-13.3%	$672.4M-4.9%	$707.4M+0.9%	$700.9M+14.4%	$612.8M-22.5%	$790.7M-22.1%	$1.0B+15.8%	$876.6M+8.7%	$806.2M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Total Assets	$7.7B+131.1%	$3.4B-2.0%	$3.5B+0.4%	$3.5B-0.7%	$3.4B-6.1%	$3.5B-4.7%	$3.5B-6.2%	$3.5B-4.9%
Current Assets	$895.7M+16.7%	$883.8M+102.3%	$972.9M+251.1%	$959.9M+317.4%	$767.4M+174.1%	$436.9M+37.8%	$277.1M+24.3%	$230.0M+16.6%
Cash & Equivalents	$681.7M+215.2%	$842.9M+178.1%	$919.6M+1670.3%	$892.3M+642.3%	$216.2M+52.2%	$303.1M+68.7%	$51.9M-51.8%	$120.2M+36.0%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$113.2M+239.9%	$6.8M-77.9%	$16.2M-13.1%	$33.4M+40.0%	$33.3M-23.5%	$30.9M+5.8%	$18.7M-43.7%	$23.9M-26.1%
Accounts Receivable	$41.1M+295.1%	$9.1M+13.7%	$13.6M-63.5%	$11.5M-63.5%	$10.4M-70.5%	$8.0M-38.8%	$37.2M+18.2%	$31.4M-0.4%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	N/A	N/A	N/A	N/A	N/A	$7.0M-10.9%	N/A	N/A
Total Liabilities	$2.4B+68.2%	$1.2B-29.9%	$1.2B-28.3%	$1.2B-30.0%	$1.4B-17.4%	$1.7B-4.6%	$1.7B-10.5%	$1.7B-8.7%
Current Liabilities	$354.1M+25.2%	$271.3M-30.2%	$282.6M+102.6%	$274.3M+136.2%	$282.8M+148.6%	$388.7M+177.1%	$139.5M+26.1%	$116.1M+13.0%
Non-Current Liabilities	$2.1B+78.8%	$923.6M-29.8%	$930.6M-40.1%	$937.8M-42.0%	$1.2B-29.0%	$1.3B-20.1%	$1.6B-12.8%	$1.6B-9.9%
Long-Term Debt	$1.9B+77.6%	$845.3M-19.1%	$845.1M-34.2%	$844.9M-38.0%	$1.0B-23.3%	$1.0B-19.2%	$1.3B-15.0%	$1.4B-9.8%
Total Equity	$5.3B+178.3%	$2.2B+24.9%	$2.3B+27.5%	$2.3B+27.4%	$1.9B+4.6%	$1.8B-4.9%	$1.8B-1.6%	$1.8B-1.0%
Retained Earnings	$156.2M-23.5%	$280.9M+9.2%	$514.2M+110.9%	$545.1M+106.5%	$204.2M-31.1%	$257.3M-23.9%	$243.9M-17.4%	$264.0M-15.2%

RYN Cash Flow Statement

RYN quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY228-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$263.5M	$256.7M-1.9%	$261.6M-12.3%	$298.4M+10.8%	$269.2M-17.2%	$325.1M+59.2%	$204.2M-4.7%	$214.3M-30.9%	$310.1M+21.0%	$256.3M+25.8%	$203.8M+15.0%	$177.2M-44.7%	$320.4M-41.4%	$546.8M+22.6%	$445.9M+3.2%	$432.3M
Depreciation & Amortization	N/A	N/A	$113.9M-16.6%	$136.6M+10.6%	$123.5M-50.3%	$248.5M+24.0%	$200.4M+56.3%	$128.2M-11.0%	$144.1M-1.3%	$146.0M-3.4%	$151.1M+32.9%	$113.7M-5.2%	$120.0M+2.7%	$116.9M+38.1%	$84.6M-36.2%	$132.5M
Stock-Based Compensation	N/A	$11.0M-22.7%	$14.2M+1.6%	$14.0M+13.3%	$12.4M+33.2%	$9.3M+15.6%	$8.0M+16.3%	$6.9M+7.4%	$6.4M+19.1%	$5.4M+5.1%	$5.1M+14.5%	$4.5M-43.0%	$7.9M-32.6%	$11.7M-22.7%	$15.1M-6.6%	$16.2M
Capital Expenditures	N/A	N/A	$84.8M+7.6%	$78.8M+5.4%	$74.8M-1.5%	$76.0M+14.2%	$66.5M+3.9%	$64.0M+2.7%	$62.3M-4.6%	$65.3M+11.3%	$58.7M+2.5%	$57.3M-10.1%	$63.7M+0.8%	$63.2M-59.4%	$155.5M+7.6%	$144.5M
Free Cash Flow	N/A	N/A	$176.7M-19.5%	$219.5M+12.9%	$194.4M-22.0%	$249.1M+81.0%	$137.7M-8.4%	$150.3M-39.4%	$247.8M+29.8%	$190.9M+31.6%	$145.1M+21.0%	$119.9M-53.3%	$256.7M-46.9%	$483.6M+66.5%	$290.4M+0.9%	$287.7M
Investing Cash Flow	$583.4M	$615.1M+73.7%	$354.0M+185.3%	$124.1M+124.0%	-$516.4M-1866.9%	-$26.3M+87.7%	-$213.6M+2.6%	-$219.4M-65.1%	-$132.9M+43.5%	-$235.3M-0.1%	-$235.0M-41.3%	-$166.3M+15.4%	-$196.7M+58.2%	-$470.5M+0.5%	-$472.9M+3.2%	-$488.6M
Financing Cash Flow	-$399.2M	-$372.9M+22.2%	-$479.4M-45.8%	-$328.9M-7066.6%	-$4.6M+71.9%	-$16.3M-160.4%	$27.0M+133.9%	-$79.6M+58.9%	-$193.7M-2718.9%	-$6.9M-106.0%	$114.4M+198.2%	-$116.5M+27.9%	-$161.4M-2.7%	-$157.1M-168.6%	$229.0M+206.5%	-$215.1M
Dividends Paid	$262.8M	$292.1M+45.6%	$200.6M+18.0%	$170.0M+2.6%	$165.7M+7.9%	$153.5M+4.9%	$146.3M+3.7%	$141.1M+3.1%	$136.8M+7.6%	$127.1M+3.4%	$122.8M-1.7%	$124.9M-51.5%	$257.5M+8.6%	$237.0M+14.7%	$206.6M+11.5%	$185.3M
Share Buybacks	$3.9M	$2.9M-30.7%	$4.2M-0.9%	$4.2M-0.2%	$4.2M+161.3%	$1.6M+0.7%	$1.6M-62.2%	$4.3M+42.4%	$3.0M+1595.5%	$176K-74.5%	$690K-99.3%	$100.0M+5282.1%	$1.9M-83.6%	$11.3M+45.5%	$7.8M-1.6%	$7.9M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Cash Flow	$34.6M+24.9%	$51.8M-41.0%	$116.2M+75.6%	$61.0M+10.2%	$27.7M-47.0%	$87.8M-1.8%	$66.2M-19.9%	$55.3M-11.3%
Depreciation & Amortization	N/A	N/A	$34.8M+24.9%	$23.4M-7.0%	N/A	$27.7M+24.4%	$27.9M-24.7%	$25.2M-36.5%
Stock-Based Compensation	$15.4M+575.7%	N/A	N/A	N/A	$2.3M-29.1%	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	$16.3M-32.0%	N/A	N/A	$21.9M	$24.0M	N/A
Free Cash Flow	N/A	N/A	$99.9M+136.9%	N/A	N/A	$65.9M	$42.2M	N/A
Investing Cash Flow	-$53.1M-147.5%	-$27.8M-106.5%	-$15.4M+43.9%	$679.7M+3005.2%	-$21.4M+10.9%	$428.9M+110.5%	-$27.4M-18.1%	-$23.4M+3.6%
Financing Cash Flow	-$142.8M-22.6%	-$100.8M+59.6%	-$73.5M+29.9%	-$82.1M-64.3%	-$116.5M-55.1%	-$249.4M-28.1%	-$104.8M-143.1%	-$50.0M-4.2%
Dividends Paid	$81.1M-26.6%	$96.7M+127.6%	$42.6M+0.4%	$42.4M-0.3%	$110.4M+52.8%	$42.5M+0.2%	$42.4M-0.1%	$42.5M+0.6%
Share Buybacks	$1.0M+2547.4%	$213K+1675.0%	$7K+75.0%	$2.6M-36.1%	$38K+22.6%	$12K	$4K-86.2%	$4.1M-0.4%

RYN Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

RYN quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY228-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	32.5%-12.1pp	44.6%+11.7pp	32.9%+0.9pp	32.0%+3.8pp	28.2%+11.2pp	17.1%-4.4pp	21.5%-4.3pp	25.8%-4.8pp	30.7%-4.8pp	35.5%+13.1pp	22.3%+2.5pp	19.8%+0.3pp	19.6%+0.2pp	19.3%-9.9pp	29.2%
Operating Margin	17.2%-19.7pp	36.9%+13.4pp	23.4%0.0pp	23.5%-0.9pp	24.3%+15.7pp	8.7%-6.4pp	15.0%-5.8pp	20.8%-5.5pp	26.3%-5.1pp	31.4%+17.7pp	13.7%-2.6pp	16.3%-0.2pp	16.5%+8.0pp	8.5%-16.7pp	25.1%
Net Margin	97.9%+61.6pp	36.4%+14.3pp	22.0%+3.5pp	18.6%+4.8pp	13.8%+9.4pp	4.3%-4.0pp	8.3%-4.2pp	12.5%-5.6pp	18.2%-7.8pp	26.0%+17.9pp	8.1%-8.3pp	16.5%-39.9pp	56.4%-17.2pp	73.6%+54.2pp	19.4%
Return on Equity	21.5%+1.2pp	20.3%+11.0pp	9.3%+3.6pp	5.7%-2.9pp	8.6%+6.1pp	2.5%-1.6pp	4.1%-2.5pp	6.6%-2.8pp	9.3%-5.7pp	15.0%+11.4pp	3.6%-3.1pp	6.7%-15.7pp	22.4%+3.0pp	19.4%-1.5pp	20.9%
Return on Assets	13.9%+3.6pp	10.3%+5.6pp	4.8%+1.9pp	2.8%-1.4pp	4.2%+3.2pp	1.0%-1.1pp	2.1%-1.6pp	3.7%-1.5pp	5.2%-2.7pp	7.9%+5.9pp	2.0%-2.1pp	4.0%-6.0pp	10.1%+1.2pp	8.9%-1.8pp	10.7%
Current Ratio	3.26+2.1x	1.12-1.1x	2.26+0.1x	2.12+0.2x	1.95+0.1x	1.87+1.0x	0.83-2.4x	3.27+0.6x	2.68+0.9x	1.790.0x	1.78+0.7x	1.06-0.8x	1.880.0x	1.84-0.1x	1.93
Debt-to-Equity	0.38-0.2x	0.59-0.1x	0.69-0.1x	0.81+0.1x	0.70-0.2x	0.92+0.2x	0.68+0.1x	0.620.0x	0.64-0.1x	0.73+0.1x	0.64+0.2x	0.42-0.5x	0.88+0.1x	0.78+0.2x	0.62
Asset Turnover	0.14-0.1x	0.28+0.1x	0.22+0.1x	0.15-0.2x	0.31+0.1x	0.230.0x	0.250.0x	0.290.0x	0.290.0x	0.30+0.1x	0.250.0x	0.25+0.1x	0.18+0.1x	0.12-0.4x	0.55
FCF Margin	N/A	17.9%-10.0pp	27.9%-5.8pp	33.7%+11.2pp	22.4%+6.4pp	16.0%-5.1pp	21.1%-9.2pp	30.4%+7.1pp	23.3%+5.5pp	17.8%-3.3pp	21.1%-21.5pp	42.5%-30.8pp	73.3%-3.4pp	76.7%+56.5pp	20.3%

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Gross Margin	16.8%-4.9pp	41.9%-11.8pp	32.9%+2.5pp	29.7%+4.3pp	21.7%-2.6pp	53.8%-13.2pp	30.4%+2.7pp	25.4%+6.1pp
Operating Margin	-16.5%-16.6pp	23.0%-28.0pp	23.5%+8.3pp	13.7%+9.1pp	0.1%-7.5pp	51.0%-8.6pp	15.2%-2.4pp	4.6%-5.1pp
Net Margin	-4.5%-0.4pp	22.1%-28.2pp	24.3%+1.2pp	383.6%	-4.1%-5.3pp	50.3%-13.5pp	23.2%+13.6pp	1.9%-7.2pp
Return on Equity	-0.2%-0.1pp	1.2%-17.3pp	1.9%+0.3pp	17.8%+17.6pp	-0.2%-0.3pp	18.5%+11.7pp	1.6%+0.5pp	0.1%-0.9pp
Return on Assets	-0.2%-0.1pp	0.8%-8.7pp	1.2%+0.4pp	11.6%+11.6pp	-0.1%-0.1pp	9.4%+5.9pp	0.8%+0.3pp	0.1%-0.5pp
Current Ratio	2.53-0.2x	3.26+2.1x	3.44+1.5x	3.50+1.5x	2.71+0.3x	1.12-1.1x	1.990.0x	1.98+0.1x
Debt-to-Equity	0.35-0.2x	0.38-0.2x	0.37-0.3x	0.37-0.4x	0.55-0.2x	0.59-0.1x	0.72-0.1x	0.75-0.1x
Asset Turnover	0.040.0x	0.03-0.2x	0.050.0x	0.030.0x	0.020.0x	0.19+0.1x	0.040.0x	0.030.0x
FCF Margin	N/A	N/A	56.3%+22.3pp	N/A	N/A	10.1%	34.0%	N/A

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Rayonier Inc. RYN	FY2025	$484.5M	$474.4M	97.9%	$5.6B	—
EPR Properties EPR	FY2025	$718.4M	$274.9M	38.3%	$4.2B	64/100
PotlatchDeltic Corporation PCH	FY2024	$1.1B	$21.9M	2.1%	$3.2B	33/100
OUTFRONT Media Inc. OUT	FY2025	$1.8B	$147.0M	8.0%	$5.2B	40/100
Gaming and Leisure Properties, Inc. GLPI	FY2025	$1.6B	$825	0.0%	$11.1B	45/100
Uniti Group Inc. UNIT	FY2025	$2.2B	$1.3B	58.4%	$1.8B	54/100

Where Rayonier Inc. Ranks

Frequently Asked Questions

What is Rayonier Inc.'s annual revenue?

Rayonier Inc. (RYN) reported $484.5M in total revenue for fiscal year 2025. This represents a -51.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Rayonier Inc.'s revenue growing?

Rayonier Inc. (RYN) revenue declined by 51.0% year-over-year, from $987.9M to $484.5M in fiscal year 2025.

Is Rayonier Inc. profitable?

Yes, Rayonier Inc. (RYN) reported a net income of $474.4M in fiscal year 2025, with a net profit margin of 97.9%.

How much debt does Rayonier Inc. have?

As of fiscal year 2025, Rayonier Inc. (RYN) had $842.9M in cash and equivalents against $845.3M in long-term debt.

What is Rayonier Inc.'s gross margin?

Rayonier Inc. (RYN) had a gross margin of 32.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Rayonier Inc.'s operating margin?

Rayonier Inc. (RYN) had an operating margin of 17.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Rayonier Inc.'s net profit margin?

Rayonier Inc. (RYN) had a net profit margin of 97.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Rayonier Inc. pay dividends?

Yes, Rayonier Inc. (RYN) paid $2.49 per share in dividends during fiscal year 2025.

What is Rayonier Inc.'s return on equity (ROE)?

Rayonier Inc. (RYN) has a return on equity of 21.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Rayonier Inc.'s operating cash flow?

Rayonier Inc. (RYN) generated $256.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Rayonier Inc.'s total assets?

Rayonier Inc. (RYN) had $3.4B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Rayonier Inc. buy back shares?

Yes, Rayonier Inc. (RYN) spent $2.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Rayonier Inc. have outstanding?

Rayonier Inc. (RYN) had 302M shares outstanding as of fiscal year 2025.

What is Rayonier Inc.'s current ratio?

Rayonier Inc. (RYN) had a current ratio of 3.26 as of fiscal year 2025, which is generally considered healthy.

What is Rayonier Inc.'s debt-to-equity ratio?

Rayonier Inc. (RYN) had a debt-to-equity ratio of 0.38 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Rayonier Inc.'s return on assets (ROA)?

Rayonier Inc. (RYN) had a return on assets of 13.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Rayonier Inc.'s P/E ratio?

Rayonier Inc. (RYN) trades at 12.1x earnings, its market capitalization divided by net income of $465.4M net income, trailing 12 months to March 31, 2026. The market capitalization is $5.6B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Rayonier Inc.'s price-to-sales ratio?

Rayonier Inc. (RYN) trades at 8.3x sales, its market capitalization divided by revenue of $678.4M revenue, trailing 12 months to March 31, 2026. The market capitalization is $5.6B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Rayonier Inc.'s Altman Z-Score?

Rayonier Inc. (RYN) has an Altman Z-Score of 3.39, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Rayonier Inc.'s Piotroski F-Score?

Rayonier Inc. (RYN) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Rayonier Inc.'s earnings high quality?

Rayonier Inc. (RYN) has an earnings quality ratio of 0.54x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Rayonier Inc. cover its interest payments?

Rayonier Inc. (RYN) has an interest coverage ratio of 3.16x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.