Weyerhaeuser (WY) financial statements
Weyerhaeuser reported revenue of $6.9B in fiscal 2025, up 0.9% a year over 9 years.
Net income was $324M and the operating margin 10.6%, against 12.9% in 2016.
Free cash flow was $511M, and the company returned $606M in dividends and $160M in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Weyerhaeuser's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.4B | $7.2B | $7.5B | $6.6B | $7.5B | $10.2B | $10.2B | $7.7B | $7.1B | $6.9B |
| Cost of revenue | $5.0B | $5.3B | $5.6B | $5.4B | $5.4B | $6.1B | $6.6B | $6.0B | $5.8B | $5.9B |
| Gross profit | $1.4B | $1.9B | $1.9B | $1.1B | $2.1B | $4.1B | $3.6B | $1.7B | $1.3B | $1.0B |
| Research and development | $19M | $14M | $8M | $6M | $5M | $5M | $6M | $7M | $7M | $5M |
| Selling, general and admin | $427M | $397M | $406M | $432M | $430M | $491M | $491M | $518M | $568M | $545M |
| Operating income | $822M | $1.1B | $1.4B | $651M | $1.7B | $3.6B | $3.1B | $1.2B | $685M | $731M |
| Interest expense | $431M | $393M | $375M | $378M | $351M | $313M | $270M | $280M | $269M | $273M |
| Pre-tax income | $504M | $716M | $807M | -$213M | $982M | $3.3B | $2.3B | $937M | $427M | $260M |
| Income tax | $89M | $134M | $59M | -$137M | $185M | $709M | $425M | $98M | $31M | -$64M |
| Net income | $1.0B | $582M | $748M | -$76M | $797M | $2.6B | $1.9B | $839M | $396M | $324M |
| EPS (diluted) | $1.39 | $0.77 | $0.99 | -$0.10 | $1.07 | $3.47 | $2.53 | $1.15 | $0.54 | $0.45 |
| Diluted shares | 722M | 757M | 757M | 746M | 748M | 751M | 743M | 732M | 729M | 724M |
| Gross margin | 21.8% | 26.4% | 25.2% | 17.4% | 27.7% | 40.2% | 35.5% | 21.9% | 18.4% | 14.8% |
| Operating margin | 12.9% | 15.7% | 18.6% | 9.9% | 22.7% | 35.7% | 30.2% | 15.5% | 9.6% | 10.6% |
| Net margin | 16.1% | 8.1% | 10.0% | -1.2% | 10.6% | 25.6% | 18.5% | 10.9% | 5.6% | 4.7% |
Balance sheet
Fiscal years, from Weyerhaeuser's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $676M | $824M | $334M | $139M | $495M | $1.9B | $1.6B | $1.2B | $684M | $464M |
| Receivables | $390M | $396M | $337M | $309M | $450M | $507M | $357M | $354M | $306M | $303M |
| Inventory | $358M | $383M | $389M | $416M | $443M | $520M | $550M | $566M | $607M | $593M |
| Total current assets | $1.6B | $1.7B | $1.6B | $1.6B | $1.6B | $3.1B | $2.7B | $2.3B | $1.7B | $1.7B |
| Property, plant and equipment | $1.6B | $1.6B | $1.9B | $2.0B | $2.0B | $2.1B | $2.2B | $2.3B | $2.3B | $2.4B |
| Goodwill | $40M | $40M | — | — | — | — | — | — | — | — |
| Total assets | $19.2B | $18.1B | $17.2B | $16.4B | $16.3B | $17.7B | $17.3B | $17.0B | $16.5B | $16.6B |
| Total current liabilities | $1.2B | $1.2B | $1.9B | $1.0B | $950M | $954M | $1.7B | $788M | $977M | $1.3B |
| Long-term debt | $6.3B | $5.9B | $5.4B | $6.1B | $5.3B | $5.1B | $4.1B | $5.1B | $4.9B | $5.0B |
| Total liabilities | $10.1B | $9.2B | $8.2B | $8.2B | $7.6B | $6.9B | $6.6B | $6.7B | $6.8B | $7.2B |
| Shareholders' equity | $9.2B | $8.9B | $9.0B | $8.2B | $8.7B | $10.8B | $10.7B | $10.2B | $9.7B | $9.4B |
| Net debt | $5.9B | $5.2B | $5.6B | $6.0B | $5.0B | $3.2B | $3.5B | $3.9B | $4.4B | $5.1B |
Cash flow
Fiscal years, from Weyerhaeuser's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $735M | $1.2B | $1.1B | $966M | $1.5B | $3.2B | $2.8B | $1.4B | $1.0B | $562M |
| Capital spending | $451M | $358M | $368M | $57M | $56M | $55M | $53M | $57M | $52M | $51M |
| Free cash flow | $284M | $843M | $744M | $909M | $1.5B | $3.1B | $2.8B | $1.4B | $956M | $511M |
| Stock-based compensation | $60M | $40M | $42M | $30M | $30M | $30M | $33M | $36M | $43M | $43M |
| Dividends paid | $932M | $941M | $995M | $1.0B | $381M | $884M | $1.6B | $1.2B | $684M | $606M |
| Share buybacks (net) | -$2.0B | $0 | -$366M | -$60M | $0 | -$100M | -$543M | -$131M | -$154M | -$160M |
| Net borrowing | -$725M | -$606M | -$62M | $739M | $732M | $0 | $881M | $992M | $0 | $1.2B |
| Free cash flow margin | 4.5% | 11.7% | 10.0% | 13.9% | 19.6% | 30.4% | 27.3% | 17.9% | 13.4% | 7.4% |
| Dividends per share | $1.29 | $1.24 | $1.31 | $1.36 | $0.51 | $1.18 | $2.18 | $1.66 | $0.94 | $0.84 |
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Open WY in InvestinglyQuestions
What was Weyerhaeuser's revenue in 2025?
$6.9B in fiscal 2025, from its 10-K filing.
How much free cash flow does Weyerhaeuser generate?
$511M in fiscal 2025 (operating cash flow minus capital spending).
From Weyerhaeuser's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.