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Rayonier RYN Northwest Timber — Operating Income (Loss)

Other segment segments

Real Estate
$27.37M+2,981%
Southern Timber
$12.39M+22.1%
Wood Products
-$1.02M

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Other financials

Income statement

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Revenue$276.8M+234%
Gross profit$46.5M+158%
Operating income-$45.7M-77,478%
Net income-$12.4M-263%
EPS (diluted)-$0.05-150%

Balance sheet

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Cash & equivalents$681.7M+215%
Total debt$2.3B+82.2%
Total equity$5.3B+178%
Total assets$7.7B+131%

Cash flow

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Operating cash flow$34.6M+24.9%
CapEx$4.9M+28.6%
Free cash flow$29.7M+24.3%

Valuation

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Market cap$6.62B+78.3%
Enterprise value$8.24B+102%
P/E14.2×+9.4×
P/S9.8×+5.9×

Profitability

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Gross margin27.4%-17.6pp
Operating margin5.5%-31.6pp
Net margin68.6%+31.6pp
FCF margin37.9%+19.9pp

Returns & leverage

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Return on equity12.8%-6.1pp
Debt / equity0.4×-0.2×
Current ratio2.5×-0.2×

Where this comes from

Reported directly by Rayonier in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Rayonier’s 10-Q, filed May 8, 2026.

Filed
May 8, 2026, 5:14 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000052827-26-000078
Three Months Ended / March 31, 2026Southern TimberNorthwest TimberWood ProductsReal EstateTotal
Depreciation, depletion and amortization(33,114)(9,031)(6,666)(6,863)(55,674)
Non-cash cost of land and improved development(11,985)(11,985)
Other costs and expenses (b)(12,854)(7,358)(1,891)(13,563)(35,666)
Reportable segment operating income (loss)$12,394($449)($1,024)$27,372$38,293
Add: Depreciation, depletion and amortization33,1149,0316,6666,86355,674
Add: Non-cash cost of land and improved development11,98511,985
Add: Inventory purchase price adjustment in cost of sales (c)1,1531,153
Reportable segment adjusted EBITDA$45,508$8,582$6,795$46,220$107,105

Item 1. Financial Statements

FAQ

What is Rayonier's northwest timber — operating income (loss)?
Rayonier (RYN) reported northwest timber — operating income (loss) of -$449K in Q1 2026.
What does northwest timber — operating income (loss) mean?
This metric measures the profitability of the Northwest Timber segment by subtracting operating expenses, including depletion and overhead, from total segment sales. It serves as a primary indicator of the segment's core operational performance and its ability to generate profit from timberland management. A positive value indicates a healthy, self-sustaining business unit, while a loss may signal market headwinds or operational inefficiencies.

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