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RAYONIER INC RYN

NYSE · reit · Real Estate Investment Trusts · website · IPO 1994-02-17 · LEI

RAYONIER INC statistics & valuation

Market cap$6.6B
P / E13.8×
P / S13.5×
P / B3.0×
Dividend yield4.46%
Net margin97.9%
Return on equity21.5%
Net debt$2.4M
Enterprise value USD$6.6B
Earnings yield EBIT/EV1.3%
Return on capital2.7%
Graham number +40.4%$30.55

Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($30.55); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
26.00% 18.20% 12.50% 8.30% 4.30% 13.70% 11.80% 22.00% 36.40% 97.90% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
31.30% 26.30% 20.80% 15.00% 8.70% 24.30% 18.20% 23.40% 36.90% 17.20% 2016201720182019202020212022202320242025
Return on equity (%)
14.20% 8.80% 6.20% 3.80% 2.00% 8.40% 5.70% 9.20% 20.20% 21.50% 2016201720182019202020212022202320242025
Shares outstanding
122.9M 129.0M 129.7M 129.6M 137.7M 145.4M 150.2M 151.1M 152.1M 161.4M 2016201720182019202020212022202320242025
Net debt ($)
$979.6M $909.4M $824.2M $904.4M $1.28B $880.6M $1.40B $1.16B $741.3M $2.4M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
7.90% 5.20% 3.70% 2.10% 1.00% 4.20% 2.80% 4.80% 10.30% 13.90% 2016201720182019202020212022202320242025
Free cash flow margin (%)
17.80% 23.30% 30.40% 21.10% 16.00% 22.50% 21.40% 2016201720182019202020212022202320242025
Debt / equity (×)
0.71× 0.60× 0.59× 0.63× 0.73× 0.68× 0.81× 0.73× 0.59× 0.38× 2016201720182019202020212022202320242025
EPS ($)
$1.73 $1.16 $0.79 $0.46 $0.27 $1.08 $0.73 $1.17 $2.39 $3.03 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

RAYONIER INC trades at about 7.2× earnings — below its 10-year norm (10-year range 7.5×–113.9×, median 33.8×).

7.2× 113.9×

Shaded band = 10-year range (7.5×–113.9×); dot = today's 7.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin17.2%36.9%23.4%18.2%24.3%8.7%15.0%20.8%26.3%31.3%
Net margin97.9%36.4%22.0%11.8%13.7%4.3%8.3%12.5%18.2%26.0%
FCF margin———21.4%22.5%16.0%21.1%30.4%23.3%17.8%
Return on assets13.9%10.3%4.8%2.8%4.2%1.0%2.1%3.7%5.2%7.9%
Return on equity21.5%20.2%9.2%5.7%8.4%2.0%3.8%6.2%8.8%14.2%
Debt / equity0.38×0.59×0.73×0.81×0.68×0.73×0.63×0.59×0.60×0.71×
Current ratio3.261.122.262.121.951.870.833.272.681.79

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.