Tearsheet

Weyerhaeuser (WY)

Market Price (6/15/2026): $24.83 | Market Cap: $17.9 BilInvestor Relations Sector: Real Estate | Industry: Timber REITs

Weyerhaeuser (WY)

Market Price (6/15/2026): $24.83
Market Cap: $17.9 Bil
Sector: Real Estate
Industry: Timber REITs

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.6%, Dividend Yield is 3.4%

Low stock price volatility
Vol 12M is 26%

Megatrend and thematic drivers
Megatrends include Sustainable Resource Management, and Sustainable & Green Buildings. Themes include Green Building Materials, Resource Efficiency Solutions, Show more.

Weak multi-year price returns
2Y Excs Rtn is -49%, 3Y Excs Rtn is -82%

Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 30x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 33x

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.1%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -8.3%, Rev Chg QQuarterly Revenue Change % is -2.0%

Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6.1%

Key risks
WY key risks include [1] potential failure to maintain its timberlands REIT qualification under complex regulations and [2] the concentrated real estate investment risk inherent in its massive portfolio of approximately 11 million acres of timberlands.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.6%, Dividend Yield is 3.4%
1	Low stock price volatility Vol 12M is 26%
2	Megatrend and thematic drivers Megatrends include Sustainable Resource Management, and Sustainable & Green Buildings. Themes include Green Building Materials, Resource Efficiency Solutions, Show more.
3	Weak multi-year price returns 2Y Excs Rtn is -49%, 3Y Excs Rtn is -82%
4	Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 30x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 33x
5	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.1%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -8.3%, Rev Chg QQuarterly Revenue Change % is -2.0%
6	Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6.1%
7	Key risks WY key risks include [1] potential failure to maintain its timberlands REIT qualification under complex regulations and [2] the concentrated real estate investment risk inherent in its massive portfolio of approximately 11 million acres of timberlands.

Valuation & Metrics

FYE: 12/31	Forward FYE		Now	Historical (CYE & TTM)
	2027	2026	6/15/26	2025	2024	2023	2022
Share Price			$24.83	$23.69	$28.15	$34.77	$31.00
Mkt Cap ($ Bil)			17.9	17.1	20.5	25.4	22.8
+ Debt ($ Bil)			5.4	5.6	5.1	5.1	5.1
- Cash ($ Bil)			0.3	0.5	0.7	1.2	1.6
TEV ($ Bil)			23.1	22.7	25.6	30.5	27.9
Valuation Ratios
P/S	2.3	2.5	2.6	2.5	2.9	3.3	2.2
P/EBIT	12.4	13.5	29.6	32.1	29.4	20.9	8.9
P/E	34.6	56.9	45.1	52.7	51.7	30.3	12.1
P/FCF	—	—	-42.8	-44.8	60.0	33.7	11.0
Sector Ratios (* = sector average)
P/S *			4.0	4.0	4.5	4.6	4.6
P/EBIT *			13.4	12.3	13.1	13.5	13.9
P/E *			21.0	18.0	22.8	20.2	19.5
P/FCF *			13.9	11.8	13.1	12.2	11.1

FYE: 12/31	Forward FYE		Now
	2027	2026	6/15/26
Share Price			$24.83
Mkt Cap ($ Bil)			17.9
+ Debt ($ Bil)			5.4
- Cash ($ Bil)			0.3
TEV ($ Bil)			23.1
Valuation Ratios
P/S	2.3	2.5	2.6
P/EBIT	12.4	13.5	29.6
P/E	34.6	56.9	45.1
P/FCF	—	—	-42.8
Sector Ratios (* = sector average)
P/S *			4.0
P/EBIT *			13.4
P/E *			21.0
P/FCF *			13.9

FYE: 12/31	WY [1]	S&P 500 [2]
REVENUE GROWTH
LTM Revenue [3]	$6.9 Bil	—
FY 2026 Sales	$7.1 Bil	—
FY 2027 Sales	$7.7 Bil	—
FY 2026 Sales Growth	2.7%	—
FY 2027 Sales Growth	9.1%	7.8%
EARNINGS
LTM Net Income (GAAP) [3]	$397.0 Mil	—
FY 2026 Net Income (Non-GAAP)	$315.0 Mil	—
FY 2027 Net Income (Non-GAAP)	$518.4 Mil	—
FY 2027 Net Income Growth	64.5%	14.6%
FY 2026 EPS (Non-GAAP)	$0.34	—
FY 2027 EPS (Non-GAAP)	$0.70	—
FY 2027 EPS Growth	107.4%	—
VALUATION
FY 2026 P/S	2.5	3.3
FY 2027 P/S	2.3	—
FY 2026 P/E	56.9	20.4
FY 2027 P/E	34.6	—

[1] WY forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
[2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 6/30/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
[3] LTM = reported trailing-twelve-month actuals (GAAP).

	WY	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	6.9
Rev Chg Q	-2.0%	8.8%
Rev Chg LTM	-3.1%	7.4%
Rev Chg 3Y Avg	-8.3%	5.8%
PROFITABILITY	POOR
Op Inc LTM ($ Bil)	0.4
CFO LTM ($ Bil)	0.5
Net Inc LTM ($ Bil)	0.4
Op Mgn LTM	6.3%	18.4%
CFO/Rev LTM	7.9%	21.3%
Net Inc Mgn	5.8%	13.0%
VALUATION	VERY HIGH
P/S	2.6	3.3
P/CFO	32.9	15.2
P/FCF	-42.8	19.7
P/E	45.1	24.2

AI Analysis | Feedback

Metric	Value	Date	Source
U.S. Timberlands Ownership	approximately 10.4 million acres	12312024	Link
Timberland Acquisitions	459 million USD	9302025	Link
Expected Timberland Divestitures	approximately 410 million USD	12312025	Link
Natural Climate Solutions Adjusted EBITDA	84 million USD	12312024	Link
Signed Solar Energy Agreements	approximately 70	12312024	Link
Forest Carbon Credits Sold	50,000	12312024	Link
Community Investment per THRIVE Program Community	1 million USD	6252024	Link

Price Chart

Recent
6/05/2026	Dividend	Amount: $0.21 Payment On: 6/22/2026
Upcoming
7/23/2026	Earnings Release	Rev: $1.0 Bil (E) EPS: $0.10 (E)

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/12/2026

Weyerhaeuser (WY) stock has gained about 5% since 2/28/2026 because of the following key factors:

1. Weyerhaeuser reported stronger-than-expected financial results for fiscal Q1 2026, which ended on March 31, 2026. The company announced an earnings per share (EPS) of $0.11, significantly surpassing the consensus estimate of $0.04 by $0.07. Additionally, quarterly revenue reached $1.73 billion, exceeding analyst estimates of $1.72 billion.

2. Enhanced performance in the Strategic Land Solutions segment and successful asset optimization contributed positively. Weyerhaeuser's Strategic Land Solutions business saw its Adjusted EBITDA more than double to $193 million in fiscal Q1 2026, largely driven by a $94 million conservation easement sale. Furthermore, the company completed the divestiture of 108,000 acres of non-core Virginia timberlands for $192 million, which resulted in a $58 million gain to net earnings.

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Stock Movement Drivers

Fundamental Drivers

The 3.1% change in WY stock from 2/28/2026 to 6/14/2026 was primarily driven by a 23.2% change in the company's Net Income Margin (%).

(LTM values as of)	2282026	6142026	Change
Stock Price ($)	24.11	24.85	3.1%
Change Contribution By:
Total Revenues ($ Mil)	6,905	6,869	-0.5%
Net Income Margin (%)	4.7%	5.8%	23.2%
P/E Multiple	53.7	45.1	-15.9%
Shares Outstanding (Mil)	721	721	0.0%
Cumulative Contribution			3.1%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/14/2026

	Return	Correlation
WY	3.1%
Market (SPY)	8.4%	34.8%
Sector (XLRE)	4.2%	65.3%

Fundamental Drivers

The 13.8% change in WY stock from 11/30/2025 to 6/14/2026 was primarily driven by a 23.5% change in the company's Net Income Margin (%).

(LTM values as of)	11302025	6142026	Change
Stock Price ($)	21.83	24.85	13.8%
Change Contribution By:
Total Revenues ($ Mil)	7,072	6,869	-2.9%
Net Income Margin (%)	4.7%	5.8%	23.5%
P/E Multiple	47.6	45.1	-5.1%
Shares Outstanding (Mil)	722	721	0.0%
Cumulative Contribution			13.8%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/14/2026

	Return	Correlation
WY	13.8%
Market (SPY)	9.2%	19.1%
Sector (XLRE)	10.8%	48.8%

Fundamental Drivers

The -0.7% change in WY stock from 5/31/2025 to 6/14/2026 was primarily driven by a -9.3% change in the company's P/E Multiple.

(LTM values as of)	5312025	6142026	Change
Stock Price ($)	25.02	24.85	-0.7%
Change Contribution By:
Total Revenues ($ Mil)	7,091	6,869	-3.1%
Net Income Margin (%)	5.1%	5.8%	12.3%
P/E Multiple	49.8	45.1	-9.3%
Shares Outstanding (Mil)	726	721	0.7%
Cumulative Contribution			-0.7%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/14/2026

	Return	Correlation
WY	-0.7%
Market (SPY)	27.3%	20.2%
Sector (XLRE)	12.5%	52.8%

Fundamental Drivers

The -4.4% change in WY stock from 5/31/2023 to 6/14/2026 was primarily driven by a -58.9% change in the company's Net Income Margin (%).

(LTM values as of)	5312023	6142026	Change
Stock Price ($)	25.99	24.85	-4.4%
Change Contribution By:
Total Revenues ($ Mil)	8,953	6,869	-23.3%
Net Income Margin (%)	14.1%	5.8%	-58.9%
P/E Multiple	15.1	45.1	198.6%
Shares Outstanding (Mil)	733	721	1.6%
Cumulative Contribution			-4.4%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/14/2026

	Return	Correlation
WY	-4.4%
Market (SPY)	84.5%	40.1%
Sector (XLRE)	39.5%	67.6%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
WY Return	27%	-20%	18%	-17%	-13%	4%	-10%
Peers Return	68%	-15%	43%	4%	-23%	-2%	61%
S&P 500 Return	27%	-19%	24%	23%	16%	8%	97%
Monthly Win Rates [3]
WY Win Rate	58%	33%	42%	50%	33%	67%
Peers Win Rate	62%	48%	50%	52%	40%	43%
S&P 500 Win Rate	75%	42%	67%	75%	67%	50%
Max Drawdowns [4]
WY Max Drawdown	-19%	-34%	-18%	-24%	-30%	-16%
Peers Max Drawdown	-25%	-33%	-28%	-20%	-33%	-27%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: RYN, WFG, LPX, BCC, UFPI. See WY Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/12/2026 (YTD)

Event	WY	S&P 500
Summer-Fall 2023 Five Percent Yield Shock
% Loss	-16.5%	-9.5%
% Gain to Breakeven	19.7%	10.5%
Time to Breakeven	50 days	24 days
2023 SVB Regional Banking Crisis
% Loss	-14.7%	-6.7%
% Gain to Breakeven	17.2%	7.1%
Time to Breakeven	33 days	31 days
2020 COVID-19 Crash
% Loss	-55.1%	-33.7%
% Gain to Breakeven	122.8%	50.9%
Time to Breakeven	157 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-30.8%	-19.2%
% Gain to Breakeven	44.6%	23.8%
Time to Breakeven	303 days	105 days
2016-2017 Trump Reflation Bond Selloff
% Loss	-10.7%	-3.7%
% Gain to Breakeven	12.0%	3.9%
Time to Breakeven	19 days	6 days
2015-2016 China Devaluation / Global Growth Scare
% Loss	-26.9%	-12.2%
% Gain to Breakeven	36.8%	13.9%
Time to Breakeven	35 days	62 days

Compare to RYN, WFG, LPX, BCC, UFPI

In The Past

Weyerhaeuser's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Event	WY	S&P 500
2020 COVID-19 Crash
% Loss	-55.1%	-33.7%
% Gain to Breakeven	122.8%	50.9%
Time to Breakeven	157 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-30.8%	-19.2%
% Gain to Breakeven	44.6%	23.8%
Time to Breakeven	303 days	105 days
2015-2016 China Devaluation / Global Growth Scare
% Loss	-26.9%	-12.2%
% Gain to Breakeven	36.8%	13.9%
Time to Breakeven	35 days	62 days
2014-2016 Oil Price Collapse
% Loss	-31.3%	-6.8%
% Gain to Breakeven	45.7%	7.3%
Time to Breakeven	71 days	15 days
2011 US Debt Ceiling Crisis & European Contagion
% Loss	-30.6%	-17.9%
% Gain to Breakeven	44.2%	21.8%
Time to Breakeven	162 days	123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
% Loss	-34.2%	-15.4%
% Gain to Breakeven	51.9%	18.2%
Time to Breakeven	181 days	125 days
2008-2009 Global Financial Crisis
% Loss	-72.2%	-53.4%
% Gain to Breakeven	259.6%	114.4%
Time to Breakeven	1259 days	1085 days
Summer 2007 Credit Crunch
% Loss	-20.3%	-8.6%
% Gain to Breakeven	25.4%	9.5%
Time to Breakeven	1853 days	47 days

Compare to RYN, WFG, LPX, BCC, UFPI

In The Past

Weyerhaeuser's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Weyerhaeuser (WY)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards. We are also one of the largest manufacturers of wood products in North America. Our company is a real estate investment trust. In 2020, we generated $7.5 billion in net sales and employed approximately 9,400 people who serve customers worldwide. We are listed on the Dow Jones Sustainability North America Index. Our common stock trades on the New York Stock Exchange under the symbol WY.

AI Analysis | Feedback

Weyerhaeuser is like the ExxonMobil of timber, owning vast forests and manufacturing wood products from them.

Alternatively, think of Weyerhaeuser as an agricultural giant like Archer Daniels Midland (ADM), but focused on sustainably managing vast timberlands and milling trees into wood products.

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Timber: Weyerhaeuser sells timber harvested from its vast sustainably managed timberlands.
Wood Products: The company manufactures and sells a wide range of wood products, serving construction and other industries.

AI Analysis | Feedback

Weyerhaeuser (symbol: WY) primarily sells its timber and wood products to other businesses rather than directly to individuals. While the company does not publicly disclose specific major customers that account for a significant portion of its revenue, its customer base is broadly comprised of companies within the following categories:

Building Materials Distributors and Wholesalers: These companies act as intermediaries in the construction supply chain, purchasing a wide range of wood products (such as lumber, plywood, and engineered wood products) from Weyerhaeuser. They then distribute these products to contractors, smaller builders, and retail lumberyards for various construction and renovation projects.
Residential and Commercial Construction Companies: Large-scale homebuilders and commercial construction firms directly procure lumber and engineered wood products from Weyerhaeuser for use in new home construction, multi-family developments, and commercial building projects.
Industrial Manufacturers: Various manufacturing companies utilize Weyerhaeuser's wood products as essential raw materials in the production of other goods. This category includes manufacturers of furniture, cabinetry, doors, windows, flooring, packaging materials, and other industrial applications.

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Devin W. Stockfish, President and Chief Executive Officer

Devin W. Stockfish has served as president and chief executive officer of Weyerhaeuser Company since January 2019 and is also a member of the company's board of directors. Prior to his current role, he held several senior leadership positions at Weyerhaeuser, including senior vice president, Timberlands; vice president, Western Timberlands; and senior vice president, general counsel and corporate secretary. Before joining Weyerhaeuser in 2013, Mr. Stockfish served as vice president and associate general counsel for Univar Inc., a chemical distributor. He was also an attorney in the law department at Starbucks Corporation and practiced corporate law at K&L Gates LLP. Earlier in his career, he worked as an engineer with The Boeing Company.

David M. Wold, Senior Vice President and Chief Financial Officer

David M. Wold has been Senior Vice President and Chief Financial Officer of Weyerhaeuser Company since May 13, 2022. He joined Weyerhaeuser in November 2013 and has held various accounting and finance leadership roles, including Vice President and Chief Accounting Officer and Corporate Controller. Before his tenure at Weyerhaeuser, Mr. Wold was the Vice President of Finance for Verdiem Corporation, a privately held technology company, from September 2011 to November 2013. He also spent nine years with the accounting firm KPMG.

Denise M. Merle, Senior Vice President and Chief Administration Officer

Denise M. Merle has been Senior Vice President and Chief Administration Officer since February 2018. In this role, she oversees Human Resources, Information Technology, Communications, Government Affairs, Environmental Affairs, and Safety. Her previous roles at Weyerhaeuser include Senior Vice President of HR and IT, and Senior Vice President, HR and Investor Relations.

Travis A. Keatley, Senior Vice President, Timberlands

Travis A. Keatley has served as Senior Vice President, Timberlands, since September 13, 2021. He joined Weyerhaeuser in 2000 and has held various operational and leadership positions within the company, including Vice President, Western Timberlands, and Vice President, Southern Timberlands.

Paul Hossain, Senior Vice President and Chief Development Officer

Paul Hossain became Senior Vice President and Chief Development Officer on January 1, 2025. He is responsible for the company's Real Estate, Energy & Natural Resources segment, which includes its Natural Climate Solutions business, as well as Business Development and Acquisitions and Divestitures. Prior to this, he served as Vice President of Natural Resources and Climate Solutions and Vice President of Energy and Natural Resources at Weyerhaeuser. Before the merger with Weyerhaeuser, Mr. Hossain held multiple senior leadership roles at Plum Creek, including Vice President of Renewable Energy and Supply Chain, and General Manager of Energy and Natural Resources.

AI Analysis | Feedback

The public company Weyerhaeuser (WY) faces several key risks to its business operations, primarily stemming from its deep ties to cyclical markets and its financial structure.

Cyclical Demand and Lumber Price Volatility: Weyerhaeuser's core business, including its timberlands and wood products segments, is highly sensitive to the cyclical nature of the U.S. housing market and broader economic conditions. Slowdowns in residential construction activity, such as new home builds and renovations, directly lead to reduced demand for lumber and engineered wood products, which in turn pressures prices and impacts the company's revenue and profitability. Economic downturns can result in decreased demand for wood products, lower prices, and potentially force production curtailments.
High Financial Leverage: Weyerhaeuser carries a significant level of financial leverage, with its net debt-to-EBITDA ratio noted as being higher than the market average. This elevated leverage exposes the company to increased risk from rising interest rates and refinancing costs. A high debt burden can also constrain cash flow, making it more challenging to manage debt, especially during periods of business slowdowns or decreased earnings.

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Weyerhaeuser (WY) operates in two primary addressable markets: timberlands ownership and wood products manufacturing.

Timberlands Ownership: The estimated market value of commercial timberlands in the U.S. is approximately $460 billion.
Wood Products Manufacturing: The North America Secondary Wood Products Market is estimated at USD 317.95 billion in 2024.

AI Analysis | Feedback

Weyerhaeuser (WY) is expected to drive future revenue growth over the next two to three years through several key initiatives across its integrated portfolio.

One significant driver is the expansion of its Strategic Land Solutions, including its Natural Climate Solutions business and Real Estate development. Weyerhaeuser projects substantial contributions from this segment, aiming for approximately $250 million of annual Adjusted EBITDA from Climate Solutions by 2030, which includes new biocarbon business ventures. The company continues to advance its Natural Climate Solutions business, with expectations for strong demand and further agreements in the coming years. Additionally, Weyerhaeuser is exploring more entitlement work in its real estate development to enhance returns.

Another key driver is growth within its Wood Products segment. Weyerhaeuser plans to achieve significant contributions from Wood Products through targeted initiatives. This includes strategic investments in cost reduction, the development of new products like AeroStrand, and the planned construction of a new TimberStrand mill in Arkansas, which is anticipated to generate $100 million in EBITDA.

Timberlands optimization and increased harvest volumes are also expected to contribute to future revenue growth. The company has engaged in strategic timberland acquisitions and sales, which have increased EBITDA on fewer acres. Weyerhaeuser anticipates increased harvest volumes, particularly in the Pacific Northwest, by 2028-2029. This strategy also involves portfolio optimization and leveraging its substantial timberland assets.

Finally, improvements in product pricing are factored into Weyerhaeuser's long-term growth targets. The company's growth plan, targeting an incremental $1.5 billion of Adjusted EBITDA by 2030, includes a conservative estimate of $500 million from modest improvements in product pricing. The company observed modest pricing improvements in certain lumber markets and a significant increase in oriented strand board (OSB) benchmark pricing during the first quarter of 2024.

AI Analysis | Feedback

Share Repurchases

Weyerhaeuser returned over $6 billion to shareholders from 2021-2025, including $1.1 billion in share repurchases.
The company completed a prior $1 billion share repurchase program that was authorized in September 2021.
A new $1 billion share repurchase program was authorized in 2025, with $160 million repurchased in 2025 and $153 million in 2024.

Share Issuance

Shares outstanding have generally declined from 0.751 billion in 2021 to 0.722 billion in Q4 2025, reflecting net share repurchases over the period.

Outbound Investments

Weyerhaeuser completed more than $1.2 billion in acquisitions and divested approximately $850 million of non-core timberlands between 2022 and 2025.
In 2025, the company acquired 117,000 acres of timberlands in North Carolina and Virginia for $375 million, contributing to a multi-year target of $1 billion in timberland investments by year-end 2025.
During Q3 2025, Weyerhaeuser completed two timberland acquisitions totaling $459 million and advanced three divestiture packages of non-core timberlands with expected proceeds of $410 million.

Capital Expenditures

The company invested approximately $2.3 billion in capital expenditures from 2021 to 2025.
Capital expenditures were $468 million in 2022, $447 million in 2023, and $416 million in 2024.
Weyerhaeuser is constructing a new TimberStrand engineered wood products (EWP) facility in Arkansas with an expected total investment of $500 million through 2027, anticipated to generate over $100 million of annual adjusted EBITDA.

Interactive Breakdown

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Better Bets vs. Weyerhaeuser (WY)

INDUSTRY: Timber REITs

Higher Rev Chg 3Y Avg (Value for WY: -8.3%)

RYN (-4.4%)

Rayonier

Higher Op Mgn LTM (Value for WY: 6.3%)

RYN (16.8%)

Rayonier

Higher CFO/Rev LTM (Value for WY: 7.9%)

RYN (38.9%)

Rayonier

Higher FCF/Rev LTM (Value for WY: -6.1%)

RYN (30.2%)

Rayonier

Higher Total Yield (Value for WY: 5.6%)

RYN (13.0%)

Rayonier

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SPG (7.6% | 22.2x)

Simon Property

O (19.3% | 22.0x)

Realty Income

PSA (4.1% | 25.2x)

Public Storage

Higher Rev Chg LTM (Value for WY: -3.1%)

WELL (37.7%)

Welltower

SPG (10.9%)

Simon Property

PLD (6.7%)

Prologis

EQIX (6.7%)

Equinix

AMT (6.3%)

American Tower

Higher Rev Chg 3Y Avg (Value for WY: -8.3%)

WELL (25.3%)

Welltower

PLD (11.6%)

Prologis

EQIX (7.8%)

Equinix

SPG (7.6%)

Simon Property

AMT (3.6%)

American Tower

Higher Op Mgn LTM (Value for WY: 6.3%)

SPG (48.3%)

Simon Property

AMT (45.4%)

American Tower

PLD (38.3%)

Prologis

EQIX (21.9%)

Equinix

DLR (15.3%)

Digital Realty Trust

Higher CFO/Rev LTM (Value for WY: 7.9%)

SPG (62.3%)

Simon Property

PLD (57.4%)

Prologis

AMT (51.5%)

American Tower

EQIX (40.5%)

Equinix

WELL (25.5%)

Welltower

Higher FCF/Rev LTM (Value for WY: -6.1%)

PLD (57.4%)

Prologis

SPG (48.6%)

Simon Property

DLR (40.1%)

Digital Realty Trust

AMT (34.9%)

American Tower

WELL (25.2%)

Welltower

Higher Total Yield (Value for WY: 5.6%)

EXR (7.3%)

Extra Space Storage

CCI (7.3%)

Crown Castle

SPG (7.2%)

Simon Property

O (7.0%)

Realty Income

AMT (7.0%)

American Tower

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for WY: -8.3% | 2.6x)

BRK-B (15.3% | 2.5x)

Berkshire Hathaway

WMT (5.3% | 1.3x)

Walmart

XOM (-5.8% | 1.9x)

Exxon Mobil

COST (7.6% | 1.5x)

Costco Wholesale

UNH (10.2% | 0.8x)

UnitedHealth

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for WY: -8.3% | 41.1x)

NVDA (121.7% | 30.7x)

NVIDIA

GOOGL (14.1% | 31.5x)

Alphabet

AAPL (5.6% | 29.0x)

Apple

MSFT (15.3% | 19.5x)

Microsoft

AMZN (12.3% | 30.0x)

Amazon.com

Higher Rev Chg LTM (Value for WY: -3.1%)

NVDA (70.7%)

NVIDIA

MSFT (17.9%)

Microsoft

GOOGL (17.5%)

Alphabet

AMZN (14.2%)

Amazon.com

AAPL (12.8%)

Apple

Higher Rev Chg 3Y Avg (Value for WY: -8.3%)

NVDA (121.7%)

NVIDIA

MSFT (15.3%)

Microsoft

GOOGL (14.1%)

Alphabet

AMZN (12.3%)

Amazon.com

AAPL (5.6%)

Apple

Higher Op Mgn LTM (Value for WY: 6.3%)

NVDA (64.0%)

NVIDIA

MSFT (46.8%)

Microsoft

GOOGL (32.7%)

Alphabet

AAPL (32.6%)

Apple

AMZN (11.5%)

Amazon.com

Higher CFO/Rev LTM (Value for WY: 7.9%)

MSFT (53.5%)

Microsoft

NVDA (49.6%)

NVIDIA

GOOGL (41.3%)

Alphabet

AAPL (31.1%)

Apple

AMZN (20.0%)

Amazon.com

Higher FCF/Rev LTM (Value for WY: -6.1%)

NVDA (47.0%)

NVIDIA

AAPL (28.6%)

Apple

MSFT (22.9%)

Microsoft

GOOGL (15.2%)

Alphabet

AMZN (-0.3%)

Amazon.com

Higher Total Yield (Value for WY: 5.6%)

BAC (7.8%)

Bank of America

XOM (6.9%)

Exxon Mobil

BRK-B (6.9%)

Berkshire Hathaway

JPM (6.8%)

JPMorgan Chase

JNJ (5.8%)

Johnson & Johnson

Best Bets in Real Estate

What You Pay

P/EBIT (Value for WY: 29.6x)

CTRE (21.1x)

CareTrust REIT

WPC (19.7x)

W.P. Carey

NNN (14.8x)

NNN REIT

OHI (15.4x)

Omega Healthcare Investors

EPRT (17.4x)

Essential Properties Realty Trust

EPR (11.4x)

EPR Properties

VICI (7.6x)

VICI Properties

NHI (17.3x)

National Health Investors

GLPI (10.4x)

Gaming and Leisure Properties

SPG (10.9x)

Simon Property

P/E (Value for WY: 45.1x)

CTRE (24.5x)

CareTrust REIT

WPC (32.7x)

W.P. Carey

NNN (22.7x)

NNN REIT

OHI (21.5x)

Omega Healthcare Investors

EPRT (25.3x)

Essential Properties Realty Trust

EPR (16.8x)

EPR Properties

VICI (9.8x)

VICI Properties

NHI (23.5x)

National Health Investors

GLPI (15.1x)

Gaming and Leisure Properties

SPG (15.2x)

Simon Property

What You Get

Rev Chg 3Y Avg (Value for WY: -8.3%)

CTRE (32.7%)

CareTrust REIT

WPC (4.4%)

W.P. Carey

NNN (5.9%)

NNN REIT

OHI (13.4%)

Omega Healthcare Investors

EPRT (25.3%)

Essential Properties Realty Trust

EPR (2.9%)

EPR Properties

VICI (9.9%)

VICI Properties

NHI (11.6%)

National Health Investors

GLPI (6.2%)

Gaming and Leisure Properties

SPG (7.6%)

Simon Property

Rev Chg LTM (Value for WY: -3.1%)

CTRE (68.8%)

CareTrust REIT

WPC (9.9%)

W.P. Carey

NNN (5.8%)

NNN REIT

OHI (14.0%)

Omega Healthcare Investors

EPRT (24.2%)

Essential Properties Realty Trust

EPR (4.8%)

EPR Properties

VICI (4.1%)

VICI Properties

NHI (17.1%)

National Health Investors

GLPI (4.4%)

Gaming and Leisure Properties

SPG (10.9%)

Simon Property

Rev Chg Q (Value for WY: -2.0%)

CTRE (64.8%)

CareTrust REIT

WPC (10.9%)

W.P. Carey

NNN (4.1%)

NNN REIT

OHI (16.7%)

Omega Healthcare Investors

EPRT (22.8%)

Essential Properties Realty Trust

EPR (4.8%)

EPR Properties

VICI (3.5%)

VICI Properties

NHI (28.9%)

National Health Investors

GLPI (6.3%)

Gaming and Leisure Properties

SPG (19.3%)

Simon Property

FCF/Rev 3Y Avg (Value for WY: 2.5%)

CTRE (92.3%)

CareTrust REIT

WPC (82.5%)

W.P. Carey

NNN (72.3%)

NNN REIT

OHI (71.1%)

Omega Healthcare Investors

EPRT (68.7%)

Essential Properties Realty Trust

EPR (63.2%)

EPR Properties

VICI (61.7%)

VICI Properties

NHI (60.6%)

National Health Investors

GLPI (59.7%)

Gaming and Leisure Properties

SPG (51.0%)

Simon Property

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 9.6%, alpha of 3.1%, and sharpe of 0.44

Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	WY Stock Falls -9.4% With A 6-day Losing Spree On Analyst Downgrade To Sell	02/26/2026
2	WY Stock Falls -7.4% In 5-day Spree On Wall Street Zen Downgrade To Sell	02/25/2026
3	WY Stock Falls -7.4% With A 5-day Losing Spree On Wall Street Zen Downgrade	02/25/2026
4	Weyerhaeuser Earnings Notes	12/24/2025
5	Can Weyerhaeuser Stock Hold Up When Markets Turn?	10/17/2025
6	Weyerhaeuser vs Apple: Which Is A Better Investment?	08/18/2025
7	Weyerhaeuser vs American Tower: Which Is A Better Investment?	08/18/2025
8	Weyerhaeuser vs Rayonier: Which Is A Better Investment?	08/18/2025
9	How Does Weyerhaeuser Stock Stack Up Against Its Peers?	08/13/2025
10	ARTICLES
11	S&P 500 Stocks Trading At 52-Week Low	11/13/2025

	Title
0	DASHBOARDS
1	WY Stock Falls -9.4% With A 6-day Losing Spree On Analyst Downgrade To Sell
2	WY Stock Falls -7.4% In 5-day Spree On Wall Street Zen Downgrade To Sell
3	WY Stock Falls -7.4% With A 5-day Losing Spree On Wall Street Zen Downgrade
4	Weyerhaeuser Earnings Notes
5	Can Weyerhaeuser Stock Hold Up When Markets Turn?
6	Weyerhaeuser vs Apple: Which Is A Better Investment?
7	Weyerhaeuser vs American Tower: Which Is A Better Investment?
8	Weyerhaeuser vs Rayonier: Which Is A Better Investment?
9	How Does Weyerhaeuser Stock Stack Up Against Its Peers?
10	ARTICLES
11	S&P 500 Stocks Trading At 52-Week Low

Trade Ideas

Select ideas related to WY.

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ROKU	Roku	21.2	20.1%	32.4%
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VYX	NCR Voyix	1.1	10.3%	-23.0%

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FLY	Firefly Aerospace	5.1	-19.1%	42.5%
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VELO	Velo3D	0.5	-16.7%	85.6%
ASTS	AST SpaceMobile	24.0	-15.5%	13.5%
OMER	Omeros	0.6	-14.2%	-49.1%
VOYG	Voyager Technologies	2.4	-14.0%	57.4%
LUNR	Intuitive Machines	3.2	-13.1%	64.0%
SHAZ	SharonAI	0.9	-12.9%	-32.6%
SWMR	Swarmer	0.7	-12.7%	45.8%
NAVN	Navan	5.0	-11.9%	16.7%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
VELO	Velo3D	0.5	60.9%	85.6%
TNGX	Tango Therapeutics	4.4	53.0%	249.2%
CBRL	Cracker Barrel Old Country Store	1.0	39.2%	86.6%
ICHR	Ichor	3.0	38.0%	371.0%
NUVL	Nuvalent	9.7	35.5%	22.5%
CNTN	Canton Strategic	0.6	34.3%	2.0%
PAYO	Payoneer Global	2.3	33.9%	20.1%
ELVN	Enliven Therapeutics	2.9	32.9%	199.5%
GLXY	Galaxy Digital	6.4	32.7%	49.2%
UCTT	Ultra Clean	4.9	32.7%	329.9%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
PCT	PureCycle Technologies	1.6	-29.0%	3.4%
SMCI	Super Micro Computer	18.3	-26.8%	4.1%
SWMR	Swarmer	0.7	-25.6%	45.8%
WOLF	Wolfspeed	1.7	-21.6%	147.8%
NRGV	Energy Vault	0.7	-21.4%	-6.7%
MRLN	Merlin	0.5	-20.8%	-71.0%
SAIL	SailPoint	8.2	-19.8%	-27.7%
PRIM	Primoris Services	5.3	-19.0%	-20.5%
ADBE	Adobe	83.6	-18.9%	-41.7%
TMCR	Metals Royalty	0.5	-18.6%	-33.3%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
NVRI	Enviri	1.8	295.5%	329.9%
APPS	Digital Turbine	1.1	136.9%	95.2%
HYLN	Hyliion	1.3	106.1%	302.2%
AMC	AMC Entertainment	1.3	75.9%	50.0%
REPL	Replimune	0.8	67.5%	-8.6%
ALAB	Astera Labs	62.7	63.8%	120.7%
UMAC	Unusual Machines	0.9	63.2%	91.8%
GENI	Genius Sports	1.8	62.7%	-37.8%
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CBRL	Cracker Barrel Old Country Store	1.0	61.3%	86.6%

Top Losers

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ADCT	ADC Therapeutics	0.2	-69.8%	-70.3%
VRRM	Verra Mobility	0.7	-65.2%	-79.2%
BTGO	BitGo	0.5	-58.2%	-73.1%
FULC	Fulcrum Therapeutics	0.3	-52.4%	-69.5%
LWLG	Lightwave Logic	1.4	-47.4%	196.0%
MRAM	Everspin Technologies	0.6	-41.1%	163.0%
HYMC	Hycroft Mining	2.3	-41.0%	8.4%
OMER	Omeros	0.6	-39.3%	-49.1%
JBIO	Jade Biosciences	0.9	-38.8%	-0.6%
PLAB	Photronics	1.8	-38.7%	-0.7%

Peer Comparisons

Peers to compare with:

Financials

	WY	RYN	WFG	LPX	BCC	UFPI	Median
Name	Weyerhae.	Rayonier	West Fra.	Louisian.	Boise Ca.	UFP Indu.
Mkt Price	24.85	21.92	69.04	75.04	71.14	84.56	70.09
Mkt Cap	17.9	5.6	5.4	5.3	2.6	4.6	5.3
Rev LTM	6,869	678	5,338	2,559	6,367	6,186	5,762
Op Inc LTM	436	114	-747	176	157	339	166
FCF LTM	-418	205	-399	-8	39	301	15
FCF 3Y Avg	199	196	-20	221	207	463	203
CFO LTM	544	264	1	280	267	551	273
CFO 3Y Avg	976	262	436	461	439	694	450

Growth & Margins

	WY	RYN	WFG	LPX	BCC	UFPI	Median
Name	Weyerhae.	Rayonier	West Fra.	Louisian.	Boise Ca.	UFP Indu.
Rev Chg LTM	-3.1%	-29.1%	-11.1%	-13.0%	-3.8%	-6.4%	-8.8%
Rev Chg 3Y Avg	-8.3%	-4.4%	-13.2%	-7.2%	-5.7%	-11.3%	-7.8%
Rev Chg Q	-2.0%	233.8%	-8.6%	-20.7%	-2.5%	-8.4%	-5.4%
QoQ Delta Rev Chg LTM	-0.5%	40.0%	-2.3%	-5.5%	-0.6%	-2.1%	-1.4%
Op Inc Chg LTM	-38.4%	-68.1%	-744.0%	-66.1%	-62.0%	-25.6%	-64.0%
Op Inc Chg 3Y Avg	-39.6%	26.0%	-282.3%	-29.0%	-41.7%	-26.7%	-34.3%
Op Mgn LTM	6.3%	16.8%	-14.0%	6.9%	2.5%	5.5%	5.9%
Op Mgn 3Y Avg	10.2%	26.4%	-3.3%	13.6%	5.9%	7.0%	8.6%
QoQ Delta Op Mgn LTM	-0.1%	-1.9%	-5.3%	-2.7%	-0.4%	-0.3%	-1.1%
CFO/Rev LTM	7.9%	38.9%	0.0%	10.9%	4.2%	8.9%	8.4%
CFO/Rev 3Y Avg	13.4%	34.4%	7.0%	16.7%	6.5%	10.4%	11.9%
FCF/Rev LTM	-6.1%	30.2%	-7.5%	-0.3%	0.6%	4.9%	0.1%
FCF/Rev 3Y Avg	2.5%	25.7%	-0.7%	7.8%	3.0%	6.9%	4.9%

Valuation

	WY	RYN	WFG	LPX	BCC	UFPI	Median
Name	Weyerhae.	Rayonier	West Fra.	Louisian.	Boise Ca.	UFP Indu.
Mkt Cap	17.9	5.6	5.4	5.3	2.6	4.6	5.3
P/S	2.6	8.3	1.0	2.1	0.4	0.7	1.5
P/Op Inc	41.1	49.1	-7.2	29.8	16.3	13.6	23.1
P/EBIT	29.6	90.2	-3.8	40.4	14.8	12.5	22.2
P/E	45.1	12.1	-4.6	64.1	23.2	17.3	20.2
P/CFO	32.9	21.3	5,405.8	18.8	9.6	8.4	20.0
Total Yield	5.6%	13.0%	-19.3%	3.1%	5.7%	7.6%	5.6%
Dividend Yield	3.4%	4.7%	2.3%	1.5%	1.4%	1.8%	2.0%
FCF Yield 3Y Avg	0.6%	4.1%	-0.9%	3.5%	4.1%	7.2%	3.8%
D/E	0.3	0.4	0.1	0.1	0.2	0.1	0.2
Net D/E	0.3	0.2	0.1	0.0	0.1	-0.1	0.1

Returns

	WY	RYN	WFG	LPX	BCC	UFPI	Median
Name	Weyerhae.	Rayonier	West Fra.	Louisian.	Boise Ca.	UFP Indu.
1M Rtn	10.5%	10.6%	16.6%	7.4%	8.1%	6.2%	9.3%
3M Rtn	6.8%	10.0%	7.0%	-0.6%	2.0%	-5.3%	4.4%
6M Rtn	8.1%	1.6%	16.1%	-12.7%	-6.5%	-7.7%	-2.4%
12M Rtn	-4.0%	2.9%	-7.4%	-13.8%	-16.1%	-10.3%	-8.8%
3Y Rtn	-11.5%	-14.8%	-8.3%	22.9%	-0.2%	-1.7%	-5.0%
1M Excs Rtn	8.7%	9.7%	13.4%	7.5%	6.7%	4.4%	8.1%
3M Excs Rtn	-5.2%	-2.0%	-5.0%	-12.6%	-10.1%	-17.4%	-7.7%
6M Excs Rtn	1.9%	-8.3%	4.6%	-21.1%	-15.0%	-14.4%	-11.4%
12M Excs Rtn	-29.4%	-22.3%	-31.1%	-37.9%	-42.0%	-35.8%	-33.5%
3Y Excs Rtn	-81.8%	-87.0%	-76.8%	-52.5%	-73.5%	-76.8%	-76.8%

Comparison Analyses

	Title
0	How Does Weyerhaeuser Stock Stack Up Against Its Peers?

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

Expand for Morenull

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2025	2024	2023	2022	2021	2020
Period End	3/31/2026	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Filing Date	5/1/2026	2/13/2026	2/14/2025	2/16/2024	2/17/2023	2/18/2022	2/19/2021
Key Financials
Total Revenue	6,869	6,905	7,124	7,674	10,184	10,201	7,532
Net Income	397	324	396	839	1,880	2,607	797
EPS	0.55	0.45	0.54	1.15	2.53	3.48	1.07
Growth Rates
Total Revenue Growth	-3.1%	-3.1%	-7.2%	-24.6%	-0.2%	35.4%	14.9%
Net Income Growth	8.8%	-18.2%	-52.8%	-55.4%	-27.9%	227.1%	1148.7%
Margins
Net Income Margin	5.8%	4.7%	5.6%	10.9%	18.5%	25.6%	10.6%
Cash & Debt
Total Cash	299	464	684	1,164	1,581	1,879	495
Total Debt	5,449	5,597	5,105	5,088	5,075	5,123	5,501
Net Debt / (Cash)	5,150	5,133	4,421	3,924	3,494	3,244	5,006
Cash Flows & CapEx
Net Cash from Operations	544	562	1,008	1,433	2,832	3,159	1,529
Total CapEx	-962	-943	-667	-680	-468	-590	-706
Free Cash from Operations	-418	-381	341	753	2,364	2,569	823
Returns to Shareholders
Dividends	605	606	684	1,216	1,617	884	381
Share Repurchases	145	160	154	131	543	100	-0

$ Mil \| FY: 12/31	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2
Period End	3/31/2026	12/31/2025	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023
Filing Date	5/1/2026	2/13/2026	10/31/2025	7/25/2025	4/25/2025	2/14/2025	10/25/2024	7/26/2024	4/26/2024	2/16/2024	10/27/2023	7/28/2023
Key Financials Quarterly
Total Revenue	1,727	1,541	1,717	1,884	1,763	1,708	1,681	1,939	1,796	1,774	2,022	1,997
Net Income	156	74	80	87	83	81	28	173	114	219	239	230
EPS	0.22	0.10	0.11	0.12	0.11	0.11	0.04	0.24	0.16	0.30	0.33	0.31
Key Financials TTM
Total Revenue TTM	6,869	6,905	7,072	7,036	7,091	7,124	7,190	7,531	7,589	7,674	7,723	7,977
Net Income TTM	397	324	331	279	365	396	534	745	802	839	631	702
Growth Rates Quarterly
Total Revenue Growth	-2.0%	-9.8%	2.1%	-2.8%	-1.8%	-3.7%	-16.9%	-2.9%	-4.5%	-2.7%	-11.2%	-32.8%
Net Income Growth	88.0%	-8.6%	185.7%	-49.7%	-27.2%	-63.0%	-88.3%	-24.8%	-24.5%	1890.9%	-22.9%	-70.8%
Margins Quarterly
Net Income Margin	9.0%	4.8%	4.7%	4.6%	4.7%	4.7%	1.7%	8.9%	6.3%	12.3%	11.8%	11.5%
Cash & Debt
Total Cash	299	464	401	592	560	684	877	997	871	1,164	1,841	1,760
Total Debt	5,449	5,597	5,494	5,191	5,189	5,105	5,096	5,093	5,092	5,088	5,700	5,817
Net Debt / (Cash)	5,150	5,133	5,093	4,599	4,629	4,421	4,219	4,096	4,221	3,924	3,859	4,057
Cash Flows Quarterly
FCF from Operations	52	-114	210	396	70	218	234	432	124	288	523	496
Cash Flows TTM
FCF from Operations TTM	544	562	894	918	954	1,008	1,078	1,367	1,431	1,433	1,312	1,351
Returns to Shareholders Quarterly
Dividends	151	152	150	152	152	145	145	146	248	140	138	139
Share Repurchases	10	10	25	100	25	28	27	49	50	22	24	51
Return on Invested Capital (ROIC) Quarterly
ROIC	4.7%	0.5%	2.1%	5.1%	4.8%	5.3%	3.2%	7.2%	5.5%	6.4%	9.7%	9.6%
Return on Invested Capital (ROIC) TTM
ROIC TTM	3.3%	3.4%	4.6%	4.9%	5.2%	5.4%	5.8%	7.3%	7.8%	8.3%	8.9%	9.2%

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
Wood Products	4,957	5,221	5,657	7,958	8,221
Timberlands	2,086	2,066	2,226	2,419	1,636
Real Estate, Energy and Natural Resources (ENR)	454	391	363	368	344
Unallocated items and intersegment eliminations	-592	-554	-572	-561
Total	6,905	7,124	7,674	10,184	10,201

Operating Income by Segment

$ Mil	2005	2004	2001	2000	1998
Timberlands	784	1,945	469	576
Real Estate and related assets	734
Wood Products	485		34	206
Corporate	216
Containerboard, packaging and recycling	-5
Pulp, Paper, & Packaging			359	938
Real Estate			264	259	124
Corporate and Other					-225
Pulp, Paper & Packaging					150
Timberlands and Wood Products					670
Total	2,214	1,945	1,126	1,979	719

Assets by Segment

$ Mil	2025	2024	2023	2022	2021
Wood Products	12,687	12,545	3,073	2,933	2,891
Timberlands and Real Estate & ENR (Energy and Natural Resources)	3,194	3,116	12,596	12,682	12,737
Unallocated Items	732	875	1,314	1,725	2,024
Total	16,613	16,536	16,983	17,340	17,652

Price Behavior

Price Behavior

Market Price	$24.85
Market Cap ($ Bil)	17.9
First Trading Date	05/03/1973
Distance from 52W High	-6.7%
	50 Days	200 Days
DMA Price	$24.02	$23.84
DMA Trend	indeterminate	indeterminate
Distance from DMA	3.5%	4.3%
	3M	1YR
Volatility	25.7%	26.1%
Downside Capture	49.57	42.46
Upside Capture	52.41	26.05
Correlation (SPY)	35.2%	20.0%

WY Betas & Captures as of 5/31/2026

	1M	2M	3M	6M	1Y	3Y
Beta	1.14	1.13	0.67	0.40	0.44	0.66
Up Beta	1.57	1.46	0.90	0.78	0.80	0.75
Down Beta	3.36	2.53	0.47	0.30	0.31	0.67
Up Capture	29%	32%	48%	32%	20%	21%
Bmk +ve Days	13	28	36	67	141	432
Stock +ve Days	12	21	33	62	119	372
Down Capture	85%	138%	78%	19%	52%	87%
Bmk -ve Days	7	13	27	57	109	318
Stock -ve Days	8	20	30	62	130	373

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with WY
WY	-6.0%	26.0%	-0.27	-
Sector ETF (XLRE)	11.8%	13.8%	0.57	52.9%
Equity (SPY)	24.9%	12.3%	1.52	20.3%
Gold (GLD)	25.5%	27.4%	0.81	11.1%
Commodities (DBC)	30.1%	19.0%	1.25	-20.7%
Real Estate (VNQ)	13.5%	13.5%	0.69	54.9%
Bitcoin (BTCUSD)	-41.7%	42.2%	-1.16	5.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with WY
WY	-3.0%	26.2%	-0.12	-
Sector ETF (XLRE)	3.5%	19.1%	0.09	68.4%
Equity (SPY)	13.5%	17.1%	0.61	54.6%
Gold (GLD)	16.8%	18.2%	0.75	13.0%
Commodities (DBC)	8.4%	19.4%	0.33	10.6%
Real Estate (VNQ)	2.8%	18.8%	0.05	70.6%
Bitcoin (BTCUSD)	13.6%	54.4%	0.44	19.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 10-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with WY
WY	1.7%	32.2%	0.13	-
Sector ETF (XLRE)	7.1%	20.4%	0.30	71.4%
Equity (SPY)	15.3%	17.9%	0.73	65.7%
Gold (GLD)	12.5%	16.1%	0.64	9.7%
Commodities (DBC)	6.7%	18.0%	0.29	21.7%
Real Estate (VNQ)	5.7%	20.7%	0.24	73.8%
Bitcoin (BTCUSD)	60.3%	66.8%	1.00	16.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date	5292026
Short Interest: Shares Quantity	24.0 Mil
Short Interest: % Change Since 5152026	-2.4%
Average Daily Volume	5.3 Mil
Days-to-Cover Short Interest	4.6 days
Basic Shares Quantity	721.3 Mil
Short % of Basic Shares	3.3%

Returns Analyses

	Title
0	Can Weyerhaeuser Stock Hold Up When Markets Turn?
1	WY YTD Stock Return Of 7.9% Outperforms DRE by 108% and Underperforms PLD by -1.3%
2	Weyerhaeuser Stock Return Comparison

Earnings Returns History

Updated 6/3/2026

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
4/30/2026	-2.2%	-3.3%	-3.3%
1/29/2026	-0.6%	3.0%	-5.1%
10/30/2025	-2.2%	-2.9%	-6.0%
7/24/2025	3.1%	-2.5%	4.5%
4/24/2025	-2.7%	1.3%	-1.1%
1/30/2025	-1.1%	-1.7%	1.4%
10/24/2024	-1.0%	-3.0%	-2.8%
7/25/2024	4.3%	5.3%	3.5%
...
SUMMARY STATS
# Positive	12	13	11
# Negative	12	11	13
Median Positive	1.9%	3.2%	6.2%
Median Negative	-1.3%	-2.9%	-3.9%
Max Positive	4.6%	9.1%	9.0%
Max Negative	-5.5%	-5.2%	-6.0%

	Forward Returns
4/30/2026	-2.2%	-3.3%	-3.3%
1/29/2026	-0.6%	3.0%	-5.1%
10/30/2025	-2.2%	-2.9%	-6.0%
7/24/2025	3.1%	-2.5%	4.5%
4/24/2025	-2.7%	1.3%	-1.1%
1/30/2025	-1.1%	-1.7%	1.4%
10/24/2024	-1.0%	-3.0%	-2.8%
7/25/2024	4.3%	5.3%	3.5%
4/25/2024	-1.3%	-1.4%	-4.0%
1/25/2024	-0.6%	0.4%	-1.2%
10/26/2023	-1.3%	4.0%	9.0%
7/27/2023	-1.3%	-2.9%	-4.3%
4/27/2023	1.8%	-1.3%	-3.9%
1/26/2023	2.0%	6.1%	-5.7%
10/27/2022	0.3%	-5.2%	0.6%
7/29/2022	1.6%	-3.3%	-4.1%
4/29/2022	-1.6%	-3.0%	-3.7%
1/28/2022	4.6%	9.1%	6.3%
10/29/2021	3.5%	7.3%	5.3%
7/30/2021	1.5%	2.4%	7.5%
4/30/2021	1.5%	3.2%	-0.3%
1/29/2021	-5.5%	2.8%	6.2%
10/30/2020	3.0%	3.6%	7.3%
7/31/2020	0.7%	1.9%	9.0%
SUMMARY STATS
# Positive	12	13	11
# Negative	12	11	13
Median Positive	1.9%	3.2%	6.2%
Median Negative	-1.3%	-2.9%	-3.9%
Max Positive	4.6%	9.1%	9.0%
Max Negative	-5.5%	-5.2%	-6.0%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
03/31/2026	05/01/2026	10-Q
12/31/2025	02/13/2026	10-K
09/30/2025	10/31/2025	10-Q
06/30/2025	07/25/2025	10-Q
03/31/2025	04/25/2025	10-Q
12/31/2024	02/14/2025	10-K
09/30/2024	10/25/2024	10-Q
06/30/2024	07/26/2024	10-Q
03/31/2024	04/26/2024	10-Q
12/31/2023	02/16/2024	10-K
09/30/2023	10/27/2023	10-Q
06/30/2023	07/28/2023	10-Q
03/31/2023	04/28/2023	10-Q
12/31/2022	02/17/2023	10-K
09/30/2022	10/28/2022	10-Q
06/30/2022	07/29/2022	10-Q

Recent Forward Guidance

Updated 5/31/2026

Latest: Q1 2026 Earnings Reported 4/30/2026

Forward Guidance				Guidance Change
Metric	Low	Mid	High	% Chg	% Delta	Change	Prior
Q2 2026 Strategic Land Solutions Earnings before special items		89.00 Mil		-44.0%		Lower New	Actual: 159.00 Mil for Q1 2026
Q2 2026 Strategic Land Solutions Adjusted EBITDA		123.00 Mil		-33.5%		Lower New	Actual: 185.00 Mil for Q1 2026
2026 Strategic Land Solutions Adjusted EBITDA		425.00 Mil		0		Affirmed	Guidance: 425.00 Mil for 2026
2026 Strategic Land Solutions Basis as a percentage of sales	0.2	0.25	0.3	-16.7%	-5.0%	Lowered	Guidance: 0.3 for 2026

Prior: Q4 2025 Earnings Reported 1/29/2026

Forward Guidance				Guidance Change
Metric	Low	Mid	High	% Chg	% Delta	Change	Prior
Q1 2026 Real Estate, Energy & Natural Resources Earnings before special items		159.00 Mil		89.3%		Higher New	Actual: 84.00 Mil for Q4 2025
Q1 2026 Real Estate, Energy & Natural Resources Adjusted EBITDA		185.00 Mil		94.7%		Higher New	Actual: 95.00 Mil for Q4 2025
2026 Real Estate, Energy & Natural Resources Adjusted EBITDA		425.00 Mil		9.0%		Raised	Guidance: 390.00 Mil for 2025
2026 Real Estate, Energy & Natural Resources Basis as a percentage of real estate sales	0.25	0.3	0.35	9.1%	2.5%	Raised	Guidance: 0.28 for 2025

Insider Activity

Updated 5/18/2026

Expand for More

#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	O'Rourke, James Calvin		Direct	Buy	2202026	25.35	4,000	101,400	726,566	Form
2	Beckwitt, Richard		Direct	Buy	2202026	25.70	20,000	514,000	618,486	Form
3	Chaney, Brian K	Senior Vice President	Direct	Sell	2042026	25.82	11,157	288,037	2,293,510	Form
4	Lewis, Sara Grootwassink		Direct	Buy	12182025	23.61	4,500	106,226	613,231	Form
5	Stockfish, Devin W	President and CEO	Direct	Sell	12172025	23.33	90,162	2,103,624	23,911,654	Form

WY Trade Sentinel

Stock Conviction

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CONVICTION RATIONALE

null

STOCK ARCHETYPE

null

Looking for high-conviction positions with a better risk/reward profile? See what's currently in the Trefis High Quality Portfolio.

INVESTMENT THESIS

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Mechanism: null

Supporting Evidence:

PRIMARY RISK

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Mechanism: null

Supporting Evidence:

Key KPI Watchlist

KPI	Threshold	Rationale

Core Investment Debate

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Next 6 months: Risks and Catalysts

Timeline	Event & Metric To Watch

Key Events in Last 6 Months

Date	Event	Stock Impact

Risk Management

Position Sizing

Diversification Alternatives

How Is The Market Pricing WY?

What will confirm the thesis

What will damage the thesis

Noise: Real but irrelevant to thesis

Repricing Catalyst

What WY Makes & Who Pays

TTM figures based on

WY Evolution: Price Return by Era

① Structure

② Volume / Momentum

③ Catalyst

Combined Score

0 / 12

1 Price Structure & Trend · ▾

2 Momentum ▾

3 Relative Strength vs. SPY ▾

4 Institutional Footprint & Volume ▾

5 Volatility ▾

6 Key Price Levels Range · Vol ▾

7 Earnings Reaction History ▾

8 How the Verdict Is Derived Three Pillars ▾

Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

ℹ Bull Pillars: 0 · Bear Pillars: 0 · Combined Score: 0 →

Industry Resources

Real Estate Resources

The Real Deal

Commercial Observer

Inman

Timber REITs Resources

Forest2Market

Fastmarkets RISI

TimberLine

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

Core Cache Last Updated: 6/14/2026

Weyerhaeuser (WY)

Market Price (6/15/2026): $24.83 | Market Cap: $17.9 BilInvestor Relations ↗Sector: Real Estate | Industry: Timber REITs

Weyerhaeuser (WY)

Market Price (6/15/2026): $24.83Market Cap: $17.9 BilSector: Real EstateIndustry: Timber REITs

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

About Weyerhaeuser (WY)

Interactive Breakdown

Better Bets vs. Weyerhaeuser (WY)

INDUSTRY: Timber REITs

Higher Rev Chg 3Y Avg (Value for WY: -8.3%)

Higher Op Mgn LTM (Value for WY: 6.3%)

Higher CFO/Rev LTM (Value for WY: 7.9%)

Higher FCF/Rev LTM (Value for WY: -6.1%)

Higher Total Yield (Value for WY: 5.6%)

SECTOR: Real Estate

Higher Rev Chg 3Y Avg | Lower P/S (Values for WY: -8.3% | 2.6x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for WY: -8.3% | 41.1x)

Higher Rev Chg LTM (Value for WY: -3.1%)

Higher Rev Chg 3Y Avg (Value for WY: -8.3%)

Higher Op Mgn LTM (Value for WY: 6.3%)

Higher CFO/Rev LTM (Value for WY: 7.9%)

Higher FCF/Rev LTM (Value for WY: -6.1%)

Higher Total Yield (Value for WY: 5.6%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for WY: -8.3% | 2.6x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for WY: -8.3% | 41.1x)

Higher Rev Chg LTM (Value for WY: -3.1%)

Higher Rev Chg 3Y Avg (Value for WY: -8.3%)

Higher Op Mgn LTM (Value for WY: 6.3%)

Higher CFO/Rev LTM (Value for WY: 7.9%)

Higher FCF/Rev LTM (Value for WY: -6.1%)

Higher Total Yield (Value for WY: 5.6%)

Best Bets in Real Estate

P/EBIT (Value for WY: 29.6x)

P/E (Value for WY: 45.1x)

Rev Chg 3Y Avg (Value for WY: -8.3%)

Rev Chg LTM (Value for WY: -3.1%)

Rev Chg Q (Value for WY: -2.0%)

FCF/Rev 3Y Avg (Value for WY: 2.5%)

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Market Price (6/15/2026): $24.83 | Market Cap: $17.9 BilInvestor Relations Sector: Real Estate | Industry: Timber REITs

Market Price (6/15/2026): $24.83
Market Cap: $17.9 Bil
Sector: Real Estate
Industry: Timber REITs