RAYONIER INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $484.5M | $987.9M | $788.4M | $909.1M | $1.11B | $859.2M | $711.6M | $816.1M |
| Cost of Revenue | $327.2M | $547.6M | $528.9M | $688.3M | $796.1M | $712.4M | $558.4M | $605.3M |
| Gross Profit | $157.3M | $440.3M | $259.5M | $220.8M | $313.5M | $146.7M | $153.2M | $210.9M |
| Gross Margin | 32.5% | 44.6% | 32.9% | 24.3% | 28.3% | 17.1% | 21.5% | 25.8% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $66.7M | $74.4M | $74.8M | $64.7M | $57.8M | $50.6M | $41.6M | $42.0M |
| Operating Income | $83.3M | $364.1M | $184.7M | $165.8M | $269.8M | $74.4M | $107.0M | $170.1M |
| Operating Margin | 17.2% | 36.9% | 23.4% | 18.2% | 24.3% | 8.7% | 15.0% | 20.8% |
| Interest Expense | — | — | $48.3M | $36.2M | $44.9M | $38.8M | $31.7M | $32.1M |
| Pretax Income | $74.6M | $339.8M | $159.6M | $132.2M | $225.1M | $36.8M | $80.6M | $142.6M |
| Income Tax Expense | $527.0K | $-1.0M | $293.0K | $9.4M | $14.7M | $7.0M | $12.9M | $25.2M |
| Net Income | $474.4M | $359.1M | $173.5M | $107.1M | $152.6M | $37.1M | $59.1M | $102.2M |
| Net Margin | 97.9% | 36.4% | 22.0% | 11.8% | 13.7% | 4.3% | 8.3% | 12.5% |
| EPS (Basic) | $3.07 | $2.41 | $1.17 | $0.73 | $1.08 | $0.28 | $0.46 | $0.79 |
| EPS (Diluted) | $3.03 | $2.39 | $1.17 | $0.73 | $1.08 | $0.27 | $0.46 | $0.79 |
| Shares Outstanding (Basic) | 154.8M | 148.8M | 148.0M | 146.2M | 140.8M | 133.9M | 129.3M | 129.0M |
| Shares Outstanding (Diluted) | 158.7M | 152.1M | 151.1M | 150.2M | 145.3M | 136.9M | 129.6M | 129.7M |
| Dividends Per Share | $2.49 | $2.94 | $1.34 | $1.13 | $1.08 | $1.08 | $1.08 | $1.06 |