Rayonier (RYN)

Real Estate · REIT - Specialty
$18.09 +0.44% on the day Market cap $5.5B 52-week range $17.71 to $26.75 Prices as of Oct 7, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Rayonier's free cash flow isn't comparable to its market value here, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

B

Five factors scored 1 to 9 from RYN's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation4
Profitability6
Growth9
Financial health7

Key numbers

P/E (trailing)39.2x
P/E (forward)38.9x
Price / free cash flow26.4x
EV / EBITDA33.6x
Price / sales8.04x
Price / book1.01x
Revenue growth+233.8%
Operating margin5.5%
Net margin68.6%
Return on equity8.7%
Dividend yield6.0%
Debt / equity0.45x

Results from SEC filings

Fiscal years, from Rayonier's 10-K filings. The deep dive has 15+ years, quarters and every line.

Fiscal year20212022202320242025
Revenue$1.1B$909M$788M$988M$484M
Net income$153M$107M$173M$359M$474M
Free cash flow$249M$194M$203M$159M—
EPS (diluted)$1.08$0.73$1.17$2.39$3.03
Operating margin24.3%18.2%23.4%36.9%17.2%

Where the revenue comes from

Revenue by segments, fiscal 2025.

Southern Timber$228M47%
Real Estate$171M35%
Pacific Northwest Timber$84M17%

Superinvestors who own RYN

From each investor's latest 13F filing (what a 13F shows). 6 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Mason Hawkins
Southeastern Asset Management
Trimmed $202M10.5%Q2 2026
David Iben
Kopernik Global Investors
Added $70M4.3%Q2 2026
Cliff Asness
AQR Capital Management
Trimmed $21M0.01%Q2 2026
Hersh Cohen
ClearBridge Investments
Added $8M0.01%Q2 2026
Joel Greenblatt
Gotham Asset Management
Trimmed $673,6610.00%Q2 2026
Murray Stahl
Horizon Kinetics LLC
Trimmed $386,7430.00%Q2 2026

Insider buying

Open-market purchases by Rayonier's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

No open-market insider purchases of RYN in the last 12 months. Most insider activity is selling and option exercises, which aren't shown here.

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are Rayonier insiders buying the stock?

No open-market insider purchases of RYN in the last 12 months, according to SEC Form 4 filings.

Which superinvestors own Rayonier?

6 of the superinvestors Investingly tracks hold RYN in their latest 13F, including Mason Hawkins, David Iben, Cliff Asness.

Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.