Rayonier Inc. REIT (RYN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Rayonier Inc. REIT

NYSE•Real Estate•REIT - Specialty

$20.04-0.12(-0.01%)Pre-market

Market Cap

$6.06B

P/E

79.9x

P/S

6.3x

P/B

1.2x

Rayonier Inc. is a land resources real estate investment trust (REIT) with a portfolio comprising over four million acres in the U.S. South and U.S. Northwest. The company is focused on managing its timberlands on a sustainable basis while optimizing its overall portfolio value by delivering land to its highest and best use. Rayonier also operates six sawmills, an industrial-grade plywood mill, residential and commercial real estate developments, and a rural land sales program. Rayonier is committed to corporate responsibility, third-party forest certification, and supporting climate change mitigation through its land-based solutions business. Rayonier Inc. was established in 1926 and was incorporated in North Carolina.

How this company scores

AverageMetricSide Score: 50/100

Strongest: Cash & Earnings Quality (25/25); weakest: Growth (1/25).

Profitability9/25

Growth1/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality25/25

Strengths

Rising free cash flowLow leverageCash-backed earningsConsistent free cash flow

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 79.9x5y range 4.5x – 79.9x

Currently above its 20-quarter median.

P/S · 6.3x5y range 3.1x – 7.8x

Currently above its 20-quarter median.

P/B · 1.2x5y range 1.0x – 3.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 48.7% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $6.06B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $968.29M
Q. Revenue: $396.48M
TTM EBITDA: $243.87M
TTM Op. Income: $57.69M
Q. Op. Income: $34.62M
TTM Net Income: $75.80M
Q. Net Income: $19.14M
EPS: $0.06
Shares Out.: $300.74M

$968.29M in TTM revenue declined 12.8% YoY, reaching $396.48M last quarter. TTM EBITDA of $243.87M and TTM operating income of $57.69M show growth is flowing through to the bottom line. TTM net income of $75.80M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 19.1%
EBITDA Margin: 26.5%
Op. Margin: 8.7%
Net Margin: 4.8%

Op. margin of 8.7% is down 4.9% YoY — costs are rising relative to revenue. Net margin at 4.8% and gross margin of 19.1% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 36% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 79.9x
P/S Ratio: 6.3x
P/B Ratio: 1.2x

At 79.9x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 6.3x and P/B of 1.2x provide additional context. P/E sits above typical market levels while revenue growth is below 5%. Across the last 8 quarters, P/E has risen for 4 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $7.46B
Cash: $411.76M
Long-Term Debt: $1.86B
Book Value: $5.21B
D/E Ratio: 0.4
Debt/EBITDA: 17.7

With $7.46B in assets and $1.86B in long-term debt, D/E is 0.4and book value is $5.21B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 3% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $110.59M
TTM Free Cash Flow: $260.63M
FCF Margin: 26.9%
FCF / Net Income: 3.4

TTM FCF of $260.63M on $110.59M in operating cash flow. The FCF / Net Income ratio of 3.4x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 30% — a weakening trend.