Rayonier Inc income statement

In fiscal 2025, Rayonier Inc reported revenue of $484m, down 51.0% on the year before, operating income of $83.3m (a 17.2% margin) and net income of $474m, or $3.03 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Rayonier Inc: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	1,169	1,315	1,421	379	660	604	569	816	820	816	712	859	1,110	909	788	988	484	968
Cost of revenue	—	—	—	—	—	—	—	526	568	605	558	712	796	688	529	548	327	738
Gross profit	—	—	—	—	—	—	—	289	251	211	153	147	313	221	259	440	157	230
Selling, general and administrative	63	67	65	59	55	48	46	43	40	42	42	51	58	65	75	74	67	85
Operating income	410	282	357	32	109	98	78	256	215	170	107	74	270	166	185	364	83	58
Interest expense	52	50	51	43	41	44	32	32	34	32	32	39	45	36	48	34	26	45
Non-interest income	—	—	—	—	0	0	1	2	—	—	—	—	—	—	—	—	—	—
Income before tax	359	233	307	−10	70	45	43	223	183	143	81	37	225	132	160	340	75	40
Income tax	46	15	31	−27	−36	−10	−1	5	22	25	13	7	15	9	0	−1	1	−36
Net income	313	218	276	279	372	99	46	212	149	102	59	37	153	107	173	359	474	76
Diluted EPS	$2.60	$1.79	$2.20	$2.17	$2.86	$0.76	$0.37	$1.73	$1.16	$0.79	$0.46	$0.27	$1.08	$0.73	$1.17	$2.39	$3.03	$0.34
Diluted shares (average)	120m	122m	125m	129m	130m	131m	126m	123m	128m	130m	130m	137m	145m	150m	151m	152m	159m	221m
EBITDA	568	425	490	117	226	218	191	407	361	314	235	275	518	321	434	—	—	—

US$ millions unless shown otherwise. Fiscal quarters.

Rayonier Inc: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	124	650	83	107	178	117	277	396
Cost of revenue	86	301	65	75	119	68	230	321
Gross profit	38	350	18	32	58	49	46	76
Selling, general and administrative	18	17	17	17	17	16	22	31
Operating income	19	332	0	15	42	27	−46	35
Interest expense	9	7	6	7	7	7	14	17
Income before tax	22	327	−5	10	44	26	−52	22
Income tax	0	−0	0	0	0	0	−39	3
Net income	29	327	−3	409	43	26	−12	19
Diluted EPS	$0.19	$2.18	−$0.02	$2.63	$0.28	$0.15	−$0.05	$0.06
EBITDA	47	—	—	38	77	—	—	—

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Rayonier Inc's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Rayonier Inc.