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West Fraser Timber Co., LTD (WFG) stock

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NYSE: WFG NYSE Forest Products

D Fundamentals grade

West Fraser Timber Co., LTD is a US-listed company in the forest products industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$76

Valuation models combined (4)

Base case. Range ~$42–$120. Weighted average of 4 models (growth cash-flow model, residual income, justified price-to-book, revenue-to-maturity model), the growth cash-flow model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds76 adding, 83 cuttingOf 26 active managers that changed their stake, 15 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter West Fraser Timber files

Where West Fraser Timber Co., LTD stands after its latest Filing

Revenue for the twelve months was $5.46bn, down 11.5% on a year earlier, a steeper fall than the 4.3% decline a quarter earlier. That puts it 150 of 170 for growth among the materials companies we cover. Free-cash-flow margin fell to -5.8% from 27.7% a year earlier. Operating margin narrowed to -21.7% from 37.5%. The diluted share count is down 2.4% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 5 of our 7 financial-health checks. Our valuation models combined value is $75.47 a share, against a share price of $67.15.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

West Fraser Timber Co., LTD's trailing-twelve-month revenue fell 11.5% year on year, with a free-cash-flow margin of -5.8%. Where it stands out: days sales outstanding of 16 days ranks 14 of 125 materials companies we cover. Where it lags: revenue growth of -11.5% ranks 150 of 170 materials companies we cover.

Current signal Revenue growth decelerating: TTM revenue growth slowed to -11.5% (-7.2pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Strengths

  • Shrinking share count. Diluted shares fell 2.4% in a year, so each share owns more of the business.

Things to watch

  • Revenue shrinking. Revenue fell 11.5% over the last 12 months.
  • Growth slowing. The growth rate is 7.2 points lower than a quarter earlier.
  • Loss-making. Operating margin is -21.7%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 21.8 points on a year ago.
  • Burning cash. Free cash flow was -5.8% of revenue over the last 12 months.
  • Gross margin slipping. Gross margin is down 6.4 points on a year ago.

Latest results

Earnings per share
-$1.02 against an average estimate of -$0.76: missed by 34.2%
Next report
October 28, 2026; average EPS estimate -$1.23

West Fraser Timber's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.6%
  • 1 week-5.6%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$5.5B
Operating margin
-21.7%
Net margin
-17.2%
EPS (TTM, diluted)
$-11.84

Growth

Revenue growth
−11.5%
Change in growth rate
−7.2 pts
Share count change
−2.4%

Cash

Free cash flow (TTM)
-$315M
FCF margin
-5.8%

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for WFG from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value West Fraser Timber Co., LTD as an operating company, with every model that fits that kind of business. Cost of equity 9.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.97 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$42 ~$21–$56 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$0.2 ~$0.1–$0.4 Left out: out of range vs price (0.00x)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$120 ~$84–$180 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$120 ~$110–$140 Included
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$4.6 ~$30–$190 Left out: out of range vs price (0.07x)
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$56 ~$56–$73 Included
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$76 ~$42–$120 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare West Fraser Timber Co., LTD with Materials sector in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

West Fraser Timber Co., LTD: consensus estimates
Fiscal yearEPSGrowthRevenueGrowth
Current −$4.82 −4% $5.5bn +0%
Next $0.02 +100% $5.9bn +8%

Next year's EPS estimate has moved −99.3% in 90 days, across 7 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +34.6% on 90 days ago. In the last 30 days, 0 analysts raised West Fraser Timber Co., LTD's forecast and 1 cut it.

Consensus EPS forecast West Fraser Timber Co., LTD, last 90 days
−$6.00 −$4.00 −$2.00 $0.00 $2.00 $4.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$3.58 Current fiscal year, 60 days ago: −$3.88 Current fiscal year, 30 days ago: −$3.90 Current fiscal year, 7 days ago: −$4.00 Current fiscal year, Now: −$4.82 −$4.82 Next fiscal year, 90 days ago: $2.62 Next fiscal year, 60 days ago: $2.44 Next fiscal year, 30 days ago: $2.44 Next fiscal year, 7 days ago: $1.47 Next fiscal year, Now: $0.02 $0.02

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$3.58$2.62
60 days ago −$3.88$2.44
30 days ago −$3.90$2.44
7 days ago −$4.00$1.47
Now −$4.82$0.02

Earnings against estimates

West Fraser Timber Co., LTD: reported EPS against the consensus estimate
Quarter toEstimateActualSurprise
Sept 2026 −$0.76 −$1.02 −34.2%
Jun 2026 −$0.69 −$0.82 −19.2%
Mar 2026 −$1.24 −$2.40 −93.5%
Dec 2025 −$2.41 −$2.15 +10.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

7 analysts, Nov 2026
Buy571%
Hold229%
Sell00%

Monthly trend

  1. Nov 20263227
  2. Oct 20263227
  3. Sep 20263227

Counts of recommendations published by analysts covering West Fraser Timber Co., LTD, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
—
of tradable shares
Days to cover
12.84
at average volume
Short interest, 1 month
−2%
to October 15, 2026
Held by institutions
60%
of shares
Held by insiders
32.3%
of shares
Employees
9,600
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

West Fraser Timber Co., LTD in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) West Fraser Timber Co., LTD
$4B $6B $8B $10B $12B FY20 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue (TTM), FY20 Q4: $4.4B Revenue (TTM), FY21 Q4: $10.5B Revenue (TTM), FY22 Q4: $9.7B Revenue (TTM), FY23 Q4: $6.5B Revenue (TTM), FY24 Q4: $6.2B Revenue (TTM), FY25 Q4: $5.5B $5.5B

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue (TTM)
FY20 Q4 $4.4B
FY21 Q4 $10.5B
FY22 Q4 $9.7B
FY23 Q4 $6.5B
FY24 Q4 $6.2B
FY25 Q4 $5.5B
Revenue growth, TTM YoY West Fraser Timber Co., LTD
-50% 0% 50% 100% 150% FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue growth, TTM YoY, FY21 Q4: 140.5% Revenue growth, TTM YoY, FY22 Q4: -7.8% Revenue growth, TTM YoY, FY23 Q4: -33.5% Revenue growth, TTM YoY, FY24 Q4: -4.3% Revenue growth, TTM YoY, FY25 Q4: -11.5% -11.5%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue growth, TTM YoY
FY21 Q4 140.5%
FY22 Q4 -7.8%
FY23 Q4 -33.5%
FY24 Q4 -4.3%
FY25 Q4 -11.5%
Operating margin (TTM) West Fraser Timber Co., LTD
-40% -20% 0% 20% 40% FY20 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Operating margin (TTM), FY20 Q4: 19.0% Operating margin (TTM), FY21 Q4: 37.5% Operating margin (TTM), FY22 Q4: 26.4% Operating margin (TTM), FY23 Q4: -4.4% Operating margin (TTM), FY24 Q4: 0.1% Operating margin (TTM), FY25 Q4: -21.7% -21.7%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Operating margin (TTM)
FY20 Q4 19.0%
FY21 Q4 37.5%
FY22 Q4 26.4%
FY23 Q4 -4.4%
FY24 Q4 0.1%
FY25 Q4 -21.7%
FCF margin (TTM) West Fraser Timber Co., LTD
-10% 0% 10% 20% 30% FY20 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FCF margin (TTM), FY20 Q4: 18.0% FCF margin (TTM), FY21 Q4: 27.7% FCF margin (TTM), FY22 Q4: 17.8% FCF margin (TTM), FY23 Q4: 0.7% FCF margin (TTM), FY24 Q4: 2.8% FCF margin (TTM), FY25 Q4: -5.8% -5.8%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period FCF margin (TTM)
FY20 Q4 18.0%
FY21 Q4 27.7%
FY22 Q4 17.8%
FY23 Q4 0.7%
FY24 Q4 2.8%
FY25 Q4 -5.8%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 40-F. Generated November 3, 2026. Definitions in our methodology.

Financial statements

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

West Fraser Timber Co., LTD: annual financial statements
Fiscal year 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 4.4 10.5 9.7 6.5 6.2 5.5
Gross profit 1.8 5.9 4.6 1.8 1.8 1.3
EBITDA 1.0 4.5 3.1 0.3 0.6 −0.6
Operating income 0.8 3.9 2.6 −0.3 0.0 −1.2
Net income 0.6 2.9 2.0 −0.2 −0.0 −0.9
Diluted EPS $8.56 $27.03 $20.86 −$2.01 −$0.07 −$12.08
Growth (year on year)
Revenue — +140.5% −7.8% −33.5% −4.3% −11.5%
EBITDA — +338.0% −30.5% −91.8% +116.3% −215.6%
Operating income — +374.7% −35.1% −111.1% — —
Net income — +401.2% −33.0% −108.5% — —
Diluted EPS — +215.8% −22.8% −109.6% — —
Margins
Gross margin 41.5% 55.8% 47.0% 27.4% 29.8% 23.4%
EBITDA margin 23.6% 43.1% 32.5% 4.0% 9.0% −11.8%
Operating margin 19.0% 37.5% 26.4% −4.4% 0.1% −21.7%
Net margin 13.4% 28.0% 20.4% −2.6% −0.1% −17.2%
Free-cash-flow margin 18.0% 27.7% 17.8% 0.7% 2.8% −5.8%
Cash flow
Cash from operations 1.0 3.6 2.2 0.5 0.7 0.1
Capital spending 0.2 0.6 0.5 0.5 0.5 0.4
Free cash flow 0.8 2.9 1.7 0.0 0.2 −0.3
Balance sheet
Cash 0.5 1.6 1.2 0.9 0.6 0.2
Total debt 0.6 0.6 0.6 0.6 0.3 0.4
Net debt (negative = net cash) 0.1 −1.0 −0.6 −0.3 −0.4 0.2
Diluted shares 69m 109m 94m 83m 81m 79m
Returned to shareholders
Dividends 0.0 0.1 0.1 0.1 0.1 0.1
Buybacks 0.0 1.3 2.0 0.1 0.1 0.1
Total returned 0.0 1.4 2.1 0.2 0.2 0.2

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

5 of 7 checks passed · December 31, 2025
What it owns · $7.6bn
Short-term assets $1.4bnLonger-term assets $6.2bn
What it owes, and who funded it · $7.6bn
Short-term liabilities $651mLonger-term liabilities $1.1bnShareholders' equity $5.8bn
  • Short-term assets cover short-term liabilities $1.4bn of assets due within a year against $651m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.4bn short-term assets against $1.1bn of longer-dated liabilities.
  • More cash than debt $202m of cash against $300m of debt.
  • Debt below 40% of shareholders' equity Debt is 5% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 20% to 5% over five years.
  • A year's operating cash flow covers at least 20% of debt $96m of operating cash flow against $300m of debt.
  • Operating profit covers interest at least five times over Operating income of −$1.2bn against $19m of interest.

From West Fraser Timber Co., LTD's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2025 Q4 TTM
Buybacks (TTM)
$129M
Dividends (TTM)
$101M
Returned to shareholders
-73%
of free cash flow
Buybacks, last 3 fiscal years
$398M
Diluted share count
−2.4%
year over year
Total shareholder yield
4.4%
dividends 1.9% + buybacks 2.5% of market value
Days sales outstanding
16 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in forest products
Growth, margins and cash generation against peers
Last 12 months unless stated WFG BCC LPX NWGL Median
Revenue, last 12 months $5.5bn $6.6bn $2.5bn $15m $4.0bn
Revenue growth, last 12 months −11.5% 1.2% −14.3% −10.7% −11.1%
Revenue growth, 3-year average — −1.1% −3.6% — −2.4%
Revenue growth, latest quarter — 8.1% −12.1% — −2.0%
Gross margin 23.4% — 18.0% 9.6% 18.0%
Operating margin −21.7% 2.8% 3.0% — 2.8%
Operating margin, 3-year average — 4.8% 12.2% — 8.5%
Net margin −17.2% 1.8% 2.2% −40.2% −7.7%
Cash from operations / revenue 1.8% 4.2% 10.5% −6.2% 3.0%
Free-cash-flow margin −5.8% 2.0% −0.9% −6.6% −3.3%
Free-cash-flow margin, 3-year average — 1.6% 8.3% — 5.0%
Stock pay / revenue — 0.2% 0.4% — 0.3%
Change in share count −2.4% −5.9% 0.0% — −2.4%

Median of all 4 companies we cover in forest products. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

171 materials companies
Measures ranked against peers
Measure Company Peer median Rank
Revenue growth Growth -11.5% 8.3% 150 of 170
Change in growth rate Growth -7.2pp +2.4pp 148 of 168
Gross margin Profitability 23.4% 26.1% 84 of 151
Operating margin Profitability -21.7% 7.0% 117 of 140
Net margin Profitability -17.2% 3.8% 135 of 170
Free-cash-flow margin Cash generation -5.8% 5.0% 135 of 167
Long-term debt as % of assets Balance sheet 3.9% 22.8% 27 of 147
Change in share count Balance sheet -2.4% 0.4% 20 of 161
Days sales outstanding Balance sheet 16 days 45 days 14 of 125

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Reported value
$2.7B
Institutions reporting
167
Shares held vs prior quarter
▲ 3.1%
Positions opened / closed
21 / 26

Top buyers and sellers, Q2 2026: 76 institutions bought and 83 sold ; the biggest buyer was Atlas Frm LLC (+684K shares) and the biggest seller FMR LLC (−577K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Fil Ltd $591M 8.7M 21.7% ▼ 0.1%
Price T Rowe Associates Inc $254M 3.8M 9.3% ▲ 1.7%
Royal Bank Of Canada $236M 3.5M 8.7% ▲ 1.2%
Mackenzie Financial Corp $180M 1.9M 6.6% ▲ 5.1%
1832 Asset Management L.P. $122M 1.8M 4.5% ▲ 2.2%
Donald Smith & Co., Inc. $110M 1.6M 4.0% ▼ 4.3%
Vanguard Capital Management LLC $101M 1.5M 3.7% ▼ 1.4%
Letko, Brosseau & Associates Inc $96M 1.4M 3.5% ▲ 0.1%
Manning & Napier Advisors LLC $73.9M 1.1M 2.7% ▼ 25.4%
Goldman Sachs Group Inc $68.7M 1.0M 2.5% ▲ 26.8%
Bank Of Montreal $56.3M 832K 2.1% ▼ 1.7%
Pictet Asset Management Holding SA $54.3M 802K 2.0% ▼ 7.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not West Fraser Timber Co., LTD's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on West Fraser Timber Co., LTD was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

West Fraser Timber Co., LTD in brief

What does West Fraser Timber Co., LTD do?
West Fraser Timber Co., LTD is a US-listed company in the forest products industry. Its financial year ends in December.
What is West Fraser Timber Co., LTD's stock ticker?
West Fraser Timber Co., LTD trades under the ticker WFG on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is West Fraser Timber Co., LTD's revenue, and how fast is it growing?
Over its most recent trailing twelve months, West Fraser Timber Co., LTD reported revenue of $5.5B, 11.5% lower than a year earlier, according to its SEC filings.
What is West Fraser Timber Co., LTD's free cash flow?
West Fraser Timber Co., LTD's free-cash-flow margin is -5.8% of revenue over the trailing twelve months, ranking 135 of the 167 materials companies we cover.
Who are West Fraser Timber Co., LTD's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Fil Ltd, Price T Rowe Associates Inc and Royal Bank Of Canada. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is West Fraser Timber Co., LTD buying back stock, and does it pay a dividend?
West Fraser Timber Co., LTD spent $129M on share repurchases over the trailing twelve months, and its diluted share count fell 2.4% over the year.
Does West Fraser Timber Co., LTD pay a dividend?
Yes: West Fraser Timber Co., LTD paid $101M in dividends over the trailing twelve months, a dividend yield of 1.93%.
How much debt does West Fraser Timber Co., LTD have?
West Fraser Timber Co., LTD's debt-to-equity ratio is 5.1%, from its latest balance sheet (20.2% five years earlier). The financial health section below sets out its other solvency checks.
Who are West Fraser Timber Co., LTD's competitors?
In our Forest Products peer group, the companies closest to West Fraser Timber Co., LTD are Boise Cascade Co, Louisiana-pacific Corp and CL Workshop Group Ltd. The side-by-side comparison below sets their revenue, margins and growth against West Fraser Timber Co., LTD's.