Weyerhaeuser Company (WY) 10-Year Financial Performance & Capital Metrics

WY • • REIT / Real Estate

Real EstateSpecialty REITsTimberland & FarmlandTimberland REITs

AboutWeyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards. We are also one of the largest manufacturers of wood products in North America. Our company is a real estate investment trust. In 2020, we generated $7.5 billion in net sales and employed approximately 9,400 people who serve customers worldwide. We are listed on the Dow Jones Sustainability North America Index. Our common stock trades on the New York Stock Exchange under the symbol WY.Show more

Revenue $7.12B -7.2%
FFO $898M -32.9%
FFO/Share 1.23 -32.6%
FFO Payout 76.17% -16.1%
FFO per Share 1.23 -32.6%
NOI Margin 18.43% -15.9%
FFO Margin 12.61% -27.8%
ROE 3.97% -50.4%
ROA 2.36% -51.7%
Debt/Assets 30.87% +3.0%
Net Debt/EBITDA 3.72 +60.0%
Book Value/Share 13.34 -4.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Sustainable FFO payout ratio of 76.2%
✓Healthy dividend yield of 3.6%

✗Weaknesses

✗FFO declining 19.2% TTM
✗Low NOI margin of 18.4%
✗Dividend payout exceeds 100% of earnings

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.64%

5Y1.68%

3Y-11.28%

TTM-0.96%

Profit (Net Income) CAGR

10Y-14.17%

5Y-

3Y-46.64%

TTM-38.02%

EPS CAGR

10Y-16.25%

5Y-

3Y-46.21%

TTM-39.07%

ROCE

10Y Avg9.49%

5Y Avg12.94%

3Y Avg10.28%

Latest4.31%

Peer Comparison

Timberland REITs

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PCHPotlatchDeltic Corporation	3.31B	42.83	152.96	3.71%	5.76%	3.37%	2.04%	0.51
WYWeyerhaeuser Company	18.56B	25.75	47.69	-7.17%	4.65%	3.51%	1.84%	0.53
RYNRayonier Inc.	3.74B	23.19	9.70	19.5%	70.95%	33.36%	4.25%	0.65

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	5.25B	6.37B	7.2B	7.48B	6.55B	7.53B	10.2B	10.18B	7.67B	7.12B
Revenue Growth %	-0.04%	0.21%	0.13%	0.04%	-0.12%	0.15%	0.35%	-0%	-0.25%	-0.07%
Property Operating Expenses	4.15B	4.98B	5.3B	5.59B	5.41B	5.45B	6.1B	6.56B	5.99B	5.81B
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	449M	563M	767M	490M	491M	375M	455M	540M	496M	628M
G&A Expenses	351M	427M	397M	406M	432M	430M	491M	491M	518M	568M
EBITDA+	1.12B	1.39B	1.65B	1.88B	1.16B	2.18B	4.12B	3.56B	1.69B	1.19B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	479M	565M	521M	486M	510M	472M	477M	480M	500M	502M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	644M	822M	1.13B	1.39B	651M	1.71B	3.64B	3.08B	1.19B	685M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	341M	431M	393M	375M	378M	443M	313M	270M	280M	269M
Interest Coverage	1.89x	1.91x	2.88x	3.72x	1.72x	3.86x	11.64x	11.41x	4.24x	2.55x
Non-Operating Income	-50M	-113M	22M	212M	486M	285M	14M	505M	-31M	-11M
Pretax Income+	503M	504M	716M	807M	-213M	982M	3.32B	2.31B	937M	427M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	-3M	89M	134M	59M	-137M	185M	709M	425M	98M	31M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	506M	1.03B	582M	748M	-76M	797M	2.61B	1.88B	839M	396M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.72%	1.03%	-0.43%	0.29%	-1.1%	11.49%	2.27%	-0.28%	-0.55%	-0.53%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	-0.58%	0.62%	-0.31%	0.12%	-0.65%	1.92%	1.43%	-0.23%	-0.43%	-0.33%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	0.89	1.39	0.77	0.99	-0.10	1.07	3.47	2.53	1.15	0.54
EPS Growth %	-0.72%	0.56%	-0.45%	0.29%	-1.1%	11.7%	2.24%	-0.27%	-0.55%	-0.53%
EPS (Basic)	0.89	1.40	0.77	0.99	-0.10	1.07	3.48	2.53	1.15	0.54
Diluted Shares Outstanding	519.62M	722.4M	756.67M	756.83M	745.9M	747.9M	750.98M	742.95M	732.22M	728.96M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	12.49B	19.24B	18.06B	17.25B	16.41B	16.31B	17.65B	17.34B	16.98B	16.54B
Asset Growth %	-0.07%	0.54%	-0.06%	-0.04%	-0.05%	-0.01%	0.08%	-0.02%	-0.02%	-0.03%
Real Estate & Other Assets+	1.1B	1.13B	1.24B	689M	366M	415M	419M	281M	298M	294M
PP&E (Net)	7.94B	16.39B	15.11B	14.96B	14.43B	14.29B	14.1B	14.31B	14.37B	14.49B
Investment Securities	0	1000K	0	0	0	0	0	0	0	0
Total Current Assets+	2.17B	1.62B	1.72B	1.6B	1.61B	1.61B	3.13B	2.75B	2.31B	1.75B
Cash & Equivalents	1.01B	676M	824M	334M	139M	495M	1.88B	1.58B	1.16B	684M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	2B	0	0	253M	502M	0	0	216M	219M	142M
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Total Liabilities	7.62B	10.06B	9.16B	8.2B	8.23B	7.58B	6.88B	6.59B	6.75B	6.82B
Total Debt+	5.3B	7.12B	6.5B	6.65B	6.41B	5.5B	5.12B	5.08B	5.09B	5.11B
Net Debt	4.29B	6.45B	5.68B	6.31B	6.27B	5.01B	3.24B	3.49B	3.92B	4.42B
Long-Term Debt	5.3B	6.84B	6.23B	5.42B	6.15B	5.33B	5.1B	4.07B	5.07B	4.87B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	0	1000K	0	1000K
Capital Lease Obligations	0	0	0	0	33M	26M	24M	22M	19M	29M
Total Current Liabilities+	875M	1.21B	1.17B	1.94B	1.01B	950M	954M	1.74B	788M	977M
Accounts Payable	204M	233M	249M	222M	246M	204M	281M	247M	287M	255M
Deferred Revenue	28M	40M	48M	0	0	0	0	0	0	0
Other Liabilities	1.14B	2.02B	1.76B	802M	1.07B	1.28B	786M	684M	809M	946M
Total Equity+	4.87B	9.18B	8.9B	9.05B	8.18B	8.73B	10.77B	10.75B	10.24B	9.72B
Equity Growth %	-0.08%	0.89%	-0.03%	0.02%	-0.1%	0.07%	0.23%	-0%	-0.05%	-0.05%
Shareholders Equity	4.87B	9.18B	8.9B	9.05B	8.18B	8.73B	10.77B	10.75B	10.24B	9.72B
Minority Interest	0	0	0	0	0	0	0	0	0	0
Common Stock	638M	936M	944M	933M	932M	934M	934M	916M	912M	908M
Additional Paid-in Capital	0	8.28B	8.44B	8.17B	8.15B	8.21B	8.18B	7.69B	7.61B	7.5B
Retained Earnings	1.35B	1.42B	1.08B	1.09B	-3M	411M	2.13B	2.39B	2.01B	1.72B
Preferred Stock	14M	0	0	0	0	0	0	0	0	0
Return on Assets (ROA)	0.04%	0.06%	0.03%	0.04%	-0%	0.05%	0.15%	0.11%	0.05%	0.02%
Return on Equity (ROE)	0.1%	0.15%	0.06%	0.08%	-0.01%	0.09%	0.27%	0.17%	0.08%	0.04%
Debt / Assets	0.42%	0.37%	0.36%	0.39%	0.39%	0.34%	0.29%	0.29%	0.3%	0.31%
Debt / Equity	1.09x	0.78x	0.73x	0.73x	0.78x	0.63x	0.48x	0.47x	0.50x	0.53x
Net Debt / EBITDA	3.82x	4.65x	3.44x	3.36x	5.40x	2.29x	0.79x	0.98x	2.33x	3.72x
Book Value per Share	9.37	12.71	11.76	11.95	10.96	11.67	14.34	14.47	13.98	13.34

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.06B	735M	1.2B	1.11B	966M	1.53B	3.16B	2.83B	1.43B	1.01B
Operating CF Growth %	-0.02%	-0.31%	0.63%	-0.07%	-0.13%	0.58%	1.07%	-0.1%	-0.49%	-0.3%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	506M	238M	582M	748M	-76M	797M	2.61B	1.88B	839M	396M
Depreciation & Amortization	479M	565M	521M	486M	510M	472M	477M	480M	500M	502M
Stock-Based Compensation	31M	60M	40M	42M	30M	30M	30M	33M	36M	43M
Other Non-Cash Items	69M	-98M	44M	-9M	605M	408M	-22M	581M	8M	122M
Working Capital Changes	-10M	129M	-30M	-227M	66M	-122M	53M	-112M	54M	-15M
Cash from Investing+	-487M	2.56B	367M	-440M	187M	185M	-325M	-759M	-508M	-636M
Acquisitions (Net)	0	2.93B	511M	0	0	101M	0	-295M	-67M	-251M
Purchase of Investments	0	0	0	0	0	0	0	0	-664M	0
Sale of Investments	0	0	0	0	0	0	0	0	1000K	0
Other Investing	-451M	-357M	275M	-13M	571M	509M	-176M	-169M	-208M	31M
Cash from Financing+	-1.15B	-3.63B	-1.42B	-1.16B	-1.35B	-1.36B	-1.33B	-2.49B	-1.34B	-852M
Dividends Paid	-663M	-954M	-941M	-995M	-1.01B	-381M	-884M	-1.62B	-1.22B	-684M
Common Dividends	-619M	-932M	-941M	-995M	-1.01B	-381M	-884M	-1.62B	-1.22B	-684M
Debt Issuance (Net)	0	-1000K	-1000K	1000K	-1000K	-1000K	-1000K	-1000K	1000K	0
Share Repurchases	-518M	-2B	0	-366M	-60M	0	-100M	-543M	-131M	-154M
Other Financing	25M	52M	-1M	45M	-5M	-20M	29M	-9M	-9M	-14M
Net Change in Cash+	-568M	-336M	148M	-490M	-195M	356M	1.5B	-418M	-417M	-480M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	1.58B	1.01B	676M	824M	334M	139M	495M	2B	1.58B	1.16B
Cash at End	1.01B	676M	824M	334M	139M	495M	2B	1.58B	1.16B	684M
Free Cash Flow+	585M	215M	782M	685M	582M	823M	2.57B	2.07B	753M	341M
FCF Growth %	-0.2%	-0.63%	2.64%	-0.12%	-0.15%	0.41%	2.12%	-0.19%	-0.64%	-0.55%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	1.9	2.2	1.46	1.63	0.58	1.7	4.11	3.18	1.83	1.23
FFO Payout Ratio	62.84%	58.54%	85.31%	80.63%	233.41%	30.02%	28.66%	68.52%	90.81%	76.17%
NOI Margin	20.83%	21.76%	26.38%	25.2%	17.42%	27.68%	40.17%	35.55%	21.92%	18.43%
Net Debt / EBITDA	3.82x	4.65x	3.44x	3.36x	5.40x	2.29x	0.79x	0.98x	2.33x	3.72x
Debt / Assets	42.46%	37.01%	36.01%	38.53%	39.07%	33.73%	29.02%	29.27%	29.96%	30.87%
Interest Coverage	1.89x	1.91x	2.88x	3.72x	1.72x	3.86x	11.64x	11.41x	4.24x	2.55x
Book Value / Share	9.37	12.71	11.76	11.95	10.96	11.67	14.34	14.47	13.98	13.34
Revenue Growth	-4.43%	21.33%	13.06%	3.89%	-12.33%	14.92%	35.44%	-0.17%	-24.65%	-7.17%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Wood Products	3.87B	-	-	5.25B	4.62B	5.79B	8.22B	-	-	5.22B
Wood Products Growth	-	-	-	-	-12.03%	25.24%	41.99%	-	-	-
Timberlands	1.35B	-	-	1.92B	1.62B	1.47B	1.64B	68M	74M	1.51B
Timberlands Growth	-	-	-	-	-15.51%	-9.39%	11.60%	-95.84%	8.82%	1943.24%
R E E N R	-	-	-	306M	313M	276M	344M	-	-	391M
R E E N R Growth	-	-	-	-	2.29%	-11.82%	24.64%	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	4.82B	5.45B	6.17B	6.37B	5.67B	6.55B	8.71B	-	-	-
UNITED STATES Growth	-	13.11%	13.15%	3.19%	-10.86%	15.42%	32.98%	-	-	-
CANADA	353M	341M	472M	519M	440M	528M	778M	-	-	-
CANADA Growth	-	-3.40%	38.42%	9.96%	-15.22%	20.00%	47.35%	-	-	-
JAPAN	-	-	-	-	305M	326M	477M	-	-	-
JAPAN Growth	-	-	-	-	-	6.89%	46.32%	-	-	-
CHINA	-	-	-	-	90M	83M	123M	-	-	-
CHINA Growth	-	-	-	-	-	-7.78%	48.19%	-	-	-
Other Countries	511M	41M	97M	62M	45M	46M	62M	-	-	-
Other Countries Growth	-	-91.98%	136.59%	-36.08%	-27.42%	2.22%	34.78%	-	-	-
KOREA, REPUBLIC OF	-	30M	-	-	-	-	52M	-	-	-
KOREA, REPUBLIC OF Growth	-	-	-	-	-	-	-	-	-	-
South America	82M	16M	-	-	-	-	-	-	-	-
South America Growth	-	-80.49%	-	-	-	-	-	-	-	-
Europe	308M	9M	-	-	-	-	-	-	-	-
Europe Growth	-	-97.08%	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Weyerhaeuser Company (WY) has a price-to-earnings (P/E) ratio of 47.7x. This suggests investors expect higher future growth.

Growth & Financials

Weyerhaeuser Company (WY) reported $7.12B in revenue for fiscal year 2024. This represents a 15% increase from $6.22B in 2011.

Weyerhaeuser Company (WY) saw revenue decline by 7.2% over the past year.

Yes, Weyerhaeuser Company (WY) is profitable, generating $331.0M in net income for fiscal year 2024 (5.6% net margin).

Dividend & Returns

Yes, Weyerhaeuser Company (WY) pays a dividend with a yield of 3.64%. This makes it attractive for income-focused investors.

Weyerhaeuser Company (WY) has a return on equity (ROE) of 4.0%. This is below average, suggesting room for improvement.

Industry Metrics

Weyerhaeuser Company (WY) generated Funds From Operations (FFO) of $837.0M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Weyerhaeuser Company (WY) offers a 3.64% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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