Rayonier (RYN) FY2024 results: revenue $988 million, up 25.3% on the year
Rayonier Inc. (RYN) reported revenue of $988 million for fiscal 2024, the year ended 31 December 2024, up 25.3% on the year before. Net income was $359 million, up 107.0%, and diluted earnings per share $2.39. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2025.
Revenue
$988 million
+25.3% on the year
FY2017FY2024
Operating margin
36.9%
23.4% a year earlier
FY2017FY2024
Net income
$359 million
+107.0% on the year
FY2017FY2024
Diluted EPS
$2.39
+104.3% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
262
298
269
-12.3%
Capital expenditure
25.8
23.1
13.7
+11.9%
Free cash flow
236
275
255
-14.4%
Free cash flow margin
23.9%
34.9%
44.3%
Cash from investing
354
124
-516
+185.3%
Cash from financing
-479
-329
-4.6
Depreciation and amortisation
114
137
123
-16.6%
Share-based compensation
14.2
14.0
12.4
+1.6%
Buybacks
4.2
4.2
4.2
-0.9%
Dividends paid
201
170
166
+18.0%
Dividend per share
$2.94
$1.34
$1.12
+119.4%
Diluted shares, weighted
152m
151m
150m
+0.7%
Shares outstanding at period end
149m
148m
147m
+0.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,769
1,861
1,865
-4.9%
Non-controlling interest
11.2
17.1
15.3
-34.2%
Redeemable equity
51.8
81.7
106
-36.5%
Debt
1,050
1,366
1,515
-23.1%
Operating lease liabilities
16.3
19.6
88.8
-17.0%
Other liabilities
576
303
199
+90.1%
Total liabilities and equity
3,474
3,648
3,789
-4.7%
Fixed assets
17.4
25.8
27.2
-32.5%
Goodwill
7.0
7.8
7.9
-10.9%
Cash and equivalents
303
180
114
+68.7%
Receivables
8.0
13.1
27.8
-38.8%
Inventory
30.9
29.2
23.7
+5.8%
Other assets
3,108
3,392
3,588
-8.4%
Total assets
3,474
3,648
3,789
-4.7%
10-K for the year ended 31 December 2024, filed 21 February 2025: the filing.