Weyerhaeuser
WY · NYSEReal Estate Investment Trusts · Fiscal year ends Dec 31
Weyerhaeuser reported revenue of $6.9B in the fiscal year ended Dec 2025, down 3.1% from the year before. Operating income was $731M, an operating margin of 10.6%, and net income was $324M. Net debt was $5.1B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $10.2B | $10.2B | $7.7B | $7.1B | $6.9B |
| Cost of revenue | $6.1B | $6.6B | $6B | $5.8B | $5.9B |
| Gross profit | $4.1B | $3.6B | $1.7B | $1.3B | $1B |
| Research & development | $5M | $6M | $7M | $7M | $5M |
| Operating income | $3.6B | $3.1B | $1.2B | $685M | $731M |
| Interest expense | $313M | $270M | $280M | $269M | $273M |
| Pre-tax income | $3.3B | $2.3B | $937M | $427M | $260M |
| Income tax | $709M | $425M | $98M | $31M | −$64M |
| Net income | $2.6B | $1.9B | $839M | $396M | $324M |
| Diluted EPS | 3.47 | 2.53 | 1.15 | 0.54 | 0.45 |
| Diluted shares | 751M | 743M | 732M | 729M | 724M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $1.9B | $1.6B | $1.2B | $684M | $464M |
| Receivables | $507M | $357M | $354M | $306M | $303M |
| Inventory | $520M | $550M | $566M | $607M | $593M |
| Current assets | $3.1B | $2.7B | $2.3B | $1.7B | $1.7B |
| Net PP&E | $2.1B | $2.2B | $2.3B | $2.3B | $2.4B |
| Total assets | $17.7B | $17.3B | $17B | $16.5B | $16.6B |
| Payables | $281M | $247M | $287M | $255M | $278M |
| Current liabilities | $954M | $1.7B | $788M | $977M | $1.3B |
| Short-term debt | $0 | $978M | $0 | $210M | $522M |
| Long-term debt | $5.1B | $4.1B | $5.1B | $4.9B | $5.1B |
| Total liabilities | $6.9B | $6.6B | $6.7B | $6.8B | $7.2B |
| Shareholders' equity | $10.8B | $10.7B | $10.2B | $9.7B | $9.4B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $3.2B | $2.8B | $1.4B | $1B | $562M |
| Depreciation & amortisation | $477M | $480M | $500M | $502M | $509M |
| Stock-based compensation | $30M | $33M | $36M | $43M | $43M |
| Share buybacks | $100M | $543M | $131M | $154M | $160M |
| Dividends paid | $884M | $1.6B | $1.2B | $684M | $606M |
| Dividend per share | 1.18 | 2.17 | 1.66 | 0.94 | 0.84 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | −0.2% | −24.6% | −7.2% | −3.1% |
| Operating income growth (YoY) | – | −15.5% | −61.5% | −42.2% | 6.7% |
| EPS growth (YoY) | – | −27.1% | −54.5% | −53.0% | −16.7% |
| Gross margin | 40.2% | 35.5% | 21.9% | 18.4% | 14.8% |
| Operating margin | 35.7% | 30.2% | 15.5% | 9.6% | 10.6% |
| Net margin | 25.6% | 18.5% | 10.9% | 5.6% | 4.7% |
| Return on equityBlank when equity is negative | 24.2% | 17.5% | 8.2% | 4.1% | 3.4% |
| ROCEEBIT ÷ (assets − current liabilities) | 21.8% | 19.7% | 7.3% | 4.4% | 4.8% |
| Cash conversion (CFO ÷ net income) | 1.21x | 1.51x | 1.71x | 2.55x | 1.73x |
| Receivable days | 18 | 13 | 17 | 16 | 16 |
| Inventory days | 31 | 31 | 34 | 38 | 37 |
| Payable days | 17 | 14 | 17 | 16 | 17 |
| Interest cover | 11.6x | 11.4x | 4.24x | 2.55x | 2.68x |
| Debt ÷ equity | 0.47x | 0.47x | 0.50x | 0.52x | 0.59x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $3.2B | $3.5B | $3.9B | $4.4B | $5.1B |
| Current ratio | 3.29x | 1.58x | 2.94x | 1.79x | 1.29x |
Recent filings
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.