West Fraser Timber Co. (WFG) Financials
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 28, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 40-F for FY2025, filed Feb 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the WFG SEC filings page.
West Fraser Timber Co. Ltd (WFG) reported $5.5B in revenue for fiscal year 2025, down 11.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).
West Fraser’s earnings are highly cyclical: weaker margins made a revenue decline hit cash generation much harder, while capital spending stayed substantial.
FY2024’s$661M operating cash flow supported positive$174M free cash flow, but cash conversion weakened sharply in FY2025. Operating cash flow fell to$96M while free cash flow turned negative at-$315M , indicating capital spending absorbed more cash than operations produced.
FY2025 revenue fell
Despite a 2025 net loss of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of West Fraser Timber Co. Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
West Fraser Timber Co. Ltd has an operating margin of -21.7%, meaning the company loses $22 on every $100 of revenue. This results in a profitability score of 15/100. This is down from 0.1% the prior year.
West Fraser Timber Co. Ltd's revenue declined 11.5% year-over-year, from $6.2B to $5.5B. This contraction results in a growth score of 11/100.
West Fraser Timber Co. Ltd carries a low D/E ratio of 0.05, meaning only $0.05 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 85/100, indicating a strong balance sheet with room for future borrowing.
West Fraser Timber Co. Ltd's current ratio of 2.13 indicates adequate short-term liquidity, earning a score of 62/100. The company can meet its near-term obligations, though with limited headroom.
While West Fraser Timber Co. Ltd generated $96.0M in operating cash flow, capex of $411.0M consumed most of it, leaving -$315.0M in free cash flow. This results in a low score of 22/100, reflecting heavy capital investment rather than weak cash generation.
West Fraser Timber Co. Ltd posts a -16.0% return on equity (ROE), meaning it loses $16 for every $100 of shareholders' equity. This results in a returns score of 17/100. This is down from -0.1% the prior year.
West Fraser Timber Co. Ltd scores 2.81, placing it in the grey zone between 1.81 and 2.99. The largest contribution to the score comes from a market capitalization of $5.4B against total liabilities of $1.8B. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
West Fraser Timber Co. Ltd passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.
West Fraser Timber Co. Ltd reported a net loss of $937.0M while generating $96.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
West Fraser Timber Co. Ltd reported an operating loss of $1.2B against $19.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
West Fraser Timber Co. Ltd generated $5.5B in revenue in fiscal year 2025. This represents a decrease of 11.5% from the prior year.
West Fraser Timber Co. Ltd reported a net loss of $937.0M in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
West Fraser Timber Co. Ltd earned -$12.08 per diluted share (EPS) in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Not reported for fiscal year 2025.
Cash & Balance Sheet
West Fraser Timber Co. Ltd recorded an outflow of $315.0M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 281.0% from the prior year.
West Fraser Timber Co. Ltd held $202.0M in cash against $300.0M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
West Fraser Timber Co. Ltd's gross margin was 23.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 6.4 percentage points from the prior year.
West Fraser Timber Co. Ltd's operating margin was -21.7% in fiscal year 2025, reflecting core business profitability. This is down 21.8 percentage points from the prior year.
West Fraser Timber Co. Ltd's net profit margin was -17.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 17.1 percentage points from the prior year.
West Fraser Timber Co. Ltd's ROE was -16.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 16.0 percentage points from the prior year.
Capital Allocation
West Fraser Timber Co. Ltd invested $411.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 15.6% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
WFG 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.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F |
|---|---|---|---|---|---|---|
| Revenue | $5.5B-11.5% | $6.2B-4.3% | $6.5B-33.5% | $9.7B-7.8% | $10.5B+140.5% | $4.4B |
| Cost of Revenue | $4.2B-3.4% | $4.3B-7.5% | $4.7B-8.9% | $5.1B+10.7% | $4.6B+81.5% | $2.6B |
| Gross Profit | $1.3B-30.6% | $1.8B+4.1% | $1.8B-61.2% | $4.6B-22.4% | $5.9B+223.8% | $1.8B |
| Operating Income | -$1.2B-17057.1% | $7.0Mn/m | -$284.0M-111.1% | $2.6B-35.1% | $3.9B+374.7% | $831.0M |
| Interest Expense | $19.0M-26.9% | $26.0M+8.3% | $24.0M0.0% | $24.0M-50.0% | $48.0M+50.0% | $32.0M |
| Income Tax | -$233.0M-641.9% | $43.0Mn/m | -$61.0M-109.9% | $618.0M-35.0% | $951.0M+370.8% | $202.0M |
| Net Income | -$937.0Mn/m | -$5.0Mn/m | -$167.0M-108.5% | $2.0B-33.0% | $2.9B+401.2% | $588.0M |
| EPS (Basic) | -$11.87n/m | -$0.06n/m | -$2.01-109.5% | $21.06-22.1% | $27.03 | $8.56 |
| EPS (Diluted) | -$12.08n/m | -$0.07n/m | -$2.01-109.6% | $20.86-22.8% | $27.03 | $8.56 |
| Diluted Shares (Avg) | 79M-2.4% | 81M-2.5% | 83M-11.7% | 94M-13.6% | 109M | 69M |
Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses, EBITDA.
WFG Balance Sheet
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.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F |
|---|---|---|---|---|---|---|
| Total Assets | $7.6B-13.0% | $8.8B-7.0% | $9.4B-5.6% | $10.0B-4.4% | $10.4B+149.7% | $4.2B |
| Current Assets | $1.4B-24.5% | $1.8B-22.7% | $2.4B-13.5% | $2.7B-14.5% | $3.2B+140.8% | $1.3B |
| Cash & Equivalents | $202.0M-68.5% | $641.0M-28.8% | $900.0M-22.5% | $1.2B-25.9% | $1.6B+240.1% | $461.0M |
| Inventory | $828.0M-1.9% | $844.0M-0.8% | $851.0M-17.5% | $1.0B-2.7% | $1.1B+83.6% | $578.0M |
| Accounts Receivable | $244.0M-17.0% | $294.0M-5.5% | $311.0M-11.1% | $350.0M-31.1% | $508.0M+83.4% | $277.0M |
| Goodwill | $1.5B-21.7% | $1.9B-3.6% | $1.9B+0.3% | $1.9B-1.6% | $2.0B+253.3% | $559.0M |
| Total Liabilities | $1.8B-2.0% | $1.8B-17.6% | $2.2B-6.8% | $2.4B-15.2% | $2.8B+63.4% | $1.7B |
| Current Liabilities | $651.0M-30.3% | $934.0M-11.0% | $1.1B+32.6% | $792.0M-34.3% | $1.2B+128.4% | $528.0M |
| Non-Current Liabilities | $1.1B+28.3% | $873.0M-23.6% | $1.1B-26.8% | $1.6B-0.6% | $1.6B+34.0% | $1.2B |
| Long-Term Debt | $300.0M | N/A | $199.0M-60.1% | $499.0M0.0% | $499.0M-0.2% | $500.0M |
| Total Equity | $5.8B-15.9% | $7.0B-3.7% | $7.2B-5.2% | $7.6B-0.5% | $7.7B+209.0% | $2.5B |
| Retained Earnings | $3.6B-23.2% | $4.7B-3.8% | $4.9B-7.0% | $5.3B+17.3% | $4.5B+101.3% | $2.2B |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.
WFG Cash Flow 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.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $96.0M-85.5% | $661.0M+25.9% | $525.0M-76.2% | $2.2B-37.9% | $3.6B+266.9% | $968.0M |
| Capital Expenditures | $411.0M-15.6% | $487.0M+2.1% | $477.0M0.0% | $477.0M-24.9% | $635.0M+252.8% | $180.0M |
| Free Cash Flow | -$315.0M-281.0% | $174.0M+262.5% | $48.0M-97.2% | $1.7B-40.7% | $2.9B+270.2% | $788.0M |
| Investing Cash Flow | -$380.0Mn/m | -$318.0Mn/m | -$530.0Mn/m | -$459.0Mn/m | -$286.0Mn/m | -$166.0M |
| Financing Cash Flow | -$167.0Mn/m | -$582.0Mn/m | -$268.0Mn/m | -$2.1Bn/m | -$2.2Bn/m | -$353.0M |
| Dividends Paid | $101.0M0.0% | $101.0M+1.0% | $100.0M+1.0% | $99.0M+32.0% | $75.0M+82.9% | $41.0M |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Share Buybacks.
WFG 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.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F |
|---|---|---|---|---|---|---|
| Gross Margin | 23.4%-6.4pp | 29.8%+2.4pp | 27.4%-19.6pp | 47.0%-8.8pp | 55.8%+14.4pp | 41.5% |
| Operating Margin | -21.7%-21.8pp | 0.1%+4.5pp | -4.4%-30.8pp | 26.4%-11.1pp | 37.5%+18.5pp | 19.0% |
| Net Margin | -17.2%-17.1pp | -0.1%+2.5pp | -2.6%-22.9pp | 20.4%-7.7pp | 28.0%+14.6pp | 13.5% |
| Return on Equity | -16.0%-16.0pp | -0.1%+2.2pp | -2.3%-28.2pp | 25.9%-12.6pp | 38.5%+14.8pp | 23.7% |
| Return on Assets | -12.3%-12.2pp | -0.1%+1.7pp | -1.8%-21.6pp | 19.8%-8.4pp | 28.2%+14.2pp | 14.1% |
| Current Ratio | 2.13+0.2x | 1.97-0.3x | 2.26-1.2x | 3.47+0.8x | 2.67+0.1x | 2.53 |
| Debt-to-Equity | 0.05 | N/A | 0.030.0x | 0.070.0x | 0.07-0.1x | 0.20 |
| Liabilities-to-Equity | 0.300.0x | 0.260.0x | 0.300.0x | 0.31-0.1x | 0.36-0.3x | 0.69 |
| Asset Turnover | 0.720.0x | 0.700.0x | 0.69-0.3x | 0.970.0x | 1.010.0x | 1.05 |
| FCF Margin | -5.8%-8.6pp | 2.8%+2.1pp | 0.7%-17.1pp | 17.8%-9.9pp | 27.7%+9.7pp | 18.0% |
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 |
|---|---|---|---|---|---|---|
| West Fraser Timber Co. Ltd WFG | FY2025 | $5.5B | -$937.0M | -17.2% | $5.4B | 35/100 |
| UFP Industries, Inc. UFPI | FY2025 | $6.3B | $294.8M | 4.7% | $4.3B | 64/100 |
| Simpson Manufacturing Co., Inc. SSD | FY2025 | $2.3B | $345.1M | 14.8% | $7.8B | 76/100 |
| Boise Cascade Company BCC | FY2025 | $6.4B | $132.8M | 2.1% | $2.6B | 58/100 |
| IAMGold Corporation IAG | FY2025 | $2.9B | $732.3M | 25.7% | $9.9B | 65/100 |
Where West Fraser Timber Co. Ltd Ranks
Frequently Asked Questions
What is West Fraser Timber Co. Ltd's annual revenue?
West Fraser Timber Co. Ltd (WFG) reported $5.5B in total revenue for fiscal year 2025. This represents a -11.5% 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 West Fraser Timber Co. Ltd's revenue growing?
West Fraser Timber Co. Ltd (WFG) revenue declined by 11.5% year-over-year, from $6.2B to $5.5B in fiscal year 2025.
Is West Fraser Timber Co. Ltd profitable?
No, West Fraser Timber Co. Ltd (WFG) reported a net loss of $937.0M in fiscal year 2025, with a net profit margin of -17.2%.
How much debt does West Fraser Timber Co. Ltd have?
As of fiscal year 2025, West Fraser Timber Co. Ltd (WFG) had $202.0M in cash and equivalents against $300.0M in long-term debt.
What is West Fraser Timber Co. Ltd's gross margin?
West Fraser Timber Co. Ltd (WFG) had a gross margin of 23.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is West Fraser Timber Co. Ltd's operating margin?
West Fraser Timber Co. Ltd (WFG) had an operating margin of -21.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is West Fraser Timber Co. Ltd's net profit margin?
West Fraser Timber Co. Ltd (WFG) had a net profit margin of -17.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is West Fraser Timber Co. Ltd's return on equity (ROE)?
West Fraser Timber Co. Ltd (WFG) has a return on equity of -16.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is West Fraser Timber Co. Ltd's free cash flow?
West Fraser Timber Co. Ltd (WFG) recorded an outflow of $315.0M in free cash flow during fiscal year 2025. This represents a -281.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is West Fraser Timber Co. Ltd's operating cash flow?
West Fraser Timber Co. Ltd (WFG) generated $96.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are West Fraser Timber Co. Ltd's total assets?
West Fraser Timber Co. Ltd (WFG) had $7.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are West Fraser Timber Co. Ltd's capital expenditures?
West Fraser Timber Co. Ltd (WFG) invested $411.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is West Fraser Timber Co. Ltd's current ratio?
West Fraser Timber Co. Ltd (WFG) had a current ratio of 2.13 as of fiscal year 2025, which is generally considered healthy.
What is West Fraser Timber Co. Ltd's debt-to-equity ratio?
West Fraser Timber Co. Ltd (WFG) had a debt-to-equity ratio of 0.05 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is West Fraser Timber Co. Ltd's liabilities-to-equity ratio?
West Fraser Timber Co. Ltd (WFG) had a liabilities-to-equity ratio of 0.30 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is West Fraser Timber Co. Ltd's return on assets (ROA)?
West Fraser Timber Co. Ltd (WFG) had a return on assets of -12.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is West Fraser Timber Co. Ltd's P/E ratio?
West Fraser Timber Co. Ltd (WFG) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $5.4B as of Oct 28, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is West Fraser Timber Co. Ltd's price-to-sales ratio?
West Fraser Timber Co. Ltd (WFG) trades at 1.0x sales, its market capitalization divided by $5.5B revenue, FY2025. The market capitalization is $5.4B as of Oct 28, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is West Fraser Timber Co. Ltd's Altman Z-Score?
West Fraser Timber Co. Ltd (WFG) has an Altman Z-Score of 2.81, placing it in the Grey Zone (moderate 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 West Fraser Timber Co. Ltd's Piotroski F-Score?
West Fraser Timber Co. Ltd (WFG) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 West Fraser Timber Co. Ltd's earnings high quality?
West Fraser Timber Co. Ltd (WFG) reported a net loss of $937.0M while generating $96.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 West Fraser Timber Co. Ltd cover its interest payments?
West Fraser Timber Co. Ltd (WFG) reported an operating loss of $1.2B against $19.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.
How financially healthy is West Fraser Timber Co. Ltd?
West Fraser Timber Co. Ltd (WFG) scores 35 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.