Sylvamo (SLVM) financial statements
Sylvamo reported revenue of $3.4B in fiscal 2025, down 3.0% a year over 6 years.
Net income was $132M.
Free cash flow was $44M, and the company returned $73M in dividends and $82M in net buybacks.
The diluted share count fell 7% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Sylvamo's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $4.0B | $2.4B | $2.8B | $3.6B | $3.7B | $3.8B | $3.4B |
| Cost of revenue | $2.6B | $1.9B | $2.1B | $2.6B | $2.8B | $2.8B | $2.6B |
| Gross profit | $1.4B | $456M | $685M | $1.0B | $912M | $940M | $735M |
| Selling, general and admin | $262M | $202M | $207M | $325M | $343M | $311M | $281M |
| Operating income | — | — | — | $553M | $441M | $453M | $251M |
| Interest expense | $5M | $4M | $32M | $80M | $64M | $57M | $49M |
| Pre-tax income | $502M | $95M | $328M | $467M | $369M | $405M | $199M |
| Income tax | $125M | $8M | $101M | $131M | $116M | $103M | $67M |
| Net income | $377M | $170M | $331M | $118M | $253M | $302M | $132M |
| EPS (diluted) | $8.55 | $3.85 | $7.53 | $2.66 | $5.93 | $7.18 | $3.24 |
| Diluted shares | 44M | 44M | 44M | 44M | 43M | 42M | 41M |
| Gross margin | 34.3% | 19.1% | 24.2% | 27.8% | 24.5% | 24.9% | 21.9% |
| Operating margin | — | — | — | 15.2% | 11.9% | 12.0% | 7.5% |
| Net margin | 9.4% | 7.1% | 11.7% | 3.3% | 6.8% | 8.0% | 3.9% |
Balance sheet
Fiscal years, from Sylvamo's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $89M | $95M | $159M | $360M | $220M | $205M | $135M |
| Receivables | — | $398M | $391M | $430M | $404M | $402M | $399M |
| Inventory | — | $342M | $279M | $364M | $404M | $361M | $418M |
| Total current assets | — | $1.1B | $1.1B | $1.2B | $1.2B | $1.1B | $1.1B |
| Property, plant and equipment | — | $974M | $764M | $817M | $1.0B | $944M | $1.0B |
| Goodwill | $179M | $133M | $122M | $128M | $139M | $111M | $114M |
| Total assets | — | $2.9B | $2.6B | $2.7B | $2.9B | $2.6B | $2.8B |
| Total current liabilities | — | $490M | $758M | $728M | $695M | $682M | $716M |
| Long-term debt | — | $22M | $1.4B | $1.0B | $931M | $782M | $763M |
| Total liabilities | — | $799M | $2.4B | $2.0B | $2.0B | $1.8B | $1.8B |
| Shareholders' equity | $2.5B | $2.1B | $182M | $678M | $901M | $847M | $966M |
| Net debt | -$89M | -$48M | $1.2B | $672M | $679M | $599M | $651M |
Cash flow
Fiscal years, from Sylvamo's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $524M | $359M | $549M | $438M | $504M | $469M | $268M |
| Capital spending | $118M | $75M | $76M | $149M | $210M | $221M | $224M |
| Free cash flow | $406M | $284M | $473M | $289M | $294M | $248M | $44M |
| Stock-based compensation | $19M | $15M | $14M | $20M | $23M | $23M | $18M |
| Dividends paid | — | $0 | $0 | $10M | $57M | $62M | $73M |
| Share buybacks (net) | — | $0 | $0 | -$80M | -$70M | -$69M | -$82M |
| Net borrowing | -$18M | -$10M | $1.4B | -$375M | -$80M | -$157M | $47M |
| Free cash flow margin | 10.1% | 11.9% | 16.7% | 8.0% | 7.9% | 6.6% | 1.3% |
| Dividends per share | — | — | — | $0.23 | $1.33 | $1.48 | $1.79 |
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Open SLVM in InvestinglyQuestions
What was Sylvamo's revenue in 2025?
$3.4B in fiscal 2025, from its 10-K filing.
How much free cash flow does Sylvamo generate?
$44M in fiscal 2025 (operating cash flow minus capital spending).
From Sylvamo's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.