Total Delivered was Rayonier’s largest product and service line in fiscal 2025, bringing in $98.55M of $493.41M (20%).
| Product and Service | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Total Real Estate Sales | $388.55M | $626.78M | — | ||||
| Sawtimber | — | — | $94.95M | ||||
| Large Dispositions | $242.20M | $495.00M | — | ||||
| Total Non-Timber Sales | — | — | — | ||||
| Fund Ii Timberland Dispositions | — | — | — | ||||
| Pulpwood | — | — | $80.69M | ||||
| Total Delivered | — | — | $98.55M | ||||
| Total Stumpage | — | — | $83.27M | ||||
| Stumpage Pay-As-Cut | — | — | $82.48M | ||||
| Rural | $99.67M | $72.91M | — | ||||
| License Revenue, Primarily From Hunting | — | — | $21.19M | ||||
| Improved Development | $30.71M | $30.75M | — | ||||
| Other Non-Timber/Carbon Revenue | — | — | — | ||||
| Timberland & Non-Strategic | $3.35M | $610.00K | — | ||||
| Other Non-Timber Revenue | — | — | $14.06M | ||||
| Land-Based Solutions | — | — | $11.23M | ||||
| Unimproved Development | $114.00K | $12.40M | — | ||||
| Hardwood | — | — | $6.18M | ||||
| Real Estate, Other | $12.52M | $14.00M | — | ||||
| Deferred Revenue/Other | — | — | — | ||||
| Conservation Easements | — | $1.10M | — | ||||
| Agency Fee Income | — | — | — | ||||
| Stumpage Lump Sum | — | — | $794.00K | ||||
| Total | $777.10M | $1.25B | $493.41M |
Rayonier brought in $493.41M from its 10 product and service lines in fiscal 2025, the year ended December 31, 2025. Rayonier regrouped these lines after fiscal 2024, so the total does not compare directly with that year's $1.25B. Total Delivered was the largest at $98.55M (20.0%), ahead of Sawtimber at $94.95M (19.2%) and Total Stumpage at $83.27M (16.9%). The other seven lines brought in $216.63M combined.
Rayonier began breaking out Total Delivered in fiscal 2025, Total Stumpage in fiscal 2025, Stumpage Pay-As-Cut in fiscal 2025 and Other Non-Timber Revenue in fiscal 2025. Rayonier stopped reporting Total Real Estate Sales ($626.78M in fiscal 2024), Large Dispositions ($495.00M in fiscal 2024), Rural ($72.91M in fiscal 2024) and five others as separate lines.
Southern Timber was Rayonier’s largest segment in fiscal 2025, bringing in $228.31M of $484.49M (47%).
| Segment | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2019 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Fibers | — | — | — | — | ||||||||||
| Southern Timber | $264.20M | $265.13M | $251.64M | $228.31M | ||||||||||
| Forest Resources | — | — | — | — | ||||||||||
| Real Estate | $138.01M | $389.96M | $628.27M | $172.61M | ||||||||||
| New Zealand Timber | $274.08M | — | — | — | ||||||||||
| Trading | $70.95M | — | — | — | ||||||||||
| Pacific Northwest Timber | $162.24M | $133.28M | $108.02M | $83.56M | ||||||||||
| Other Operations | — | — | — | — | ||||||||||
| All Other Segments | — | — | — | — | ||||||||||
| Wood Products | — | — | — | — | ||||||||||
| All Other Segments & Unallocated Amount To | — | — | — | — | ||||||||||
| Elim | -$402.00K | — | — | — | ||||||||||
| Intersegment Eliminations | — | — | — | — | ||||||||||
| Intersegment Elimination | — | — | — | — | ||||||||||
| Total | $909.07M | $788.37M | $987.93M | $484.49M |
Rayonier brought in $484.49M from its three segments in fiscal 2025, the year ended December 31, 2025. That was down 51.0% from $987.93M in fiscal 2024. Southern Timber was the largest at $228.31M (47.1%), ahead of Real Estate at $172.61M (35.6%) and Pacific Northwest Timber at $83.56M (17.2%).
Compared with fiscal 2024, every segment above 2% of revenue shrank. Southern Timber held up best, down 9.3% to $228.31M, and Real Estate fell the most, down 72.5% to $172.61M.
Rayonier stopped reporting New Zealand Timber ($274.08M in fiscal 2022) and Trading ($70.95M in fiscal 2022) as separate segments.
Rayonier (RYN) reports its revenue by product and service and by segment. In fiscal 2025, Total Delivered was its largest product and service line, bringing in $98.55M (20.0% of the total), followed by Sawtimber at $94.95M (19.2%).
Total Delivered was Rayonier's largest product and service line in fiscal 2025, bringing in $98.55M, or 20.0% of the $493.41M total across its 10 product and service lines.
Southern Timber was Rayonier's largest segment in fiscal 2025, bringing in $228.31M, or 47.1% of the $484.49M total across its three segments.
Every figure comes from Rayonier's annual financial filings, as reported. Each line keeps the name Rayonier gives it, and years follow its fiscal calendar.
Rayonier's revenue by product and service goes back to fiscal 2018, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.