At a glance
Weyerhaeuser Company is worth $15.34B, about 47 times its fiscal 2025 earnings. Revenue fell 3.1% to $6.91B in fiscal 2025, with 4.7% kept as profit; over 5 years it has grown 1.7% a year. It pays a 3.95% dividend yield, and returned $6.09B to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned −4.1% over the past year with dividends reinvested and −6.4% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 55.8% in the 2020 crash (S&P 500: 33.7%) and 33.6% in the 2022 bear market (S&P 500: 24.5%).
The business in plain English
Weyerhaeuser is one of the world's largest private owners of timberland. It owns or controls more than 10 million acres of U.S. forest and holds long-term licenses on more than 14 million acres in Canada. Its core business is growing, harvesting and selling timber. On average it cuts about 2% of its forests a year and replants all harvested land. It also sells land for higher-value uses. It earns lease and royalty income from surface and underground rights, including through a Climate Solutions business.
It is also one of North America's largest makers of wood products, with 33 manufacturing facilities in the U.S. and Canada. They produce structural lumber, oriented strand board (OSB, panels made from pressed wood strands), engineered wood and specialty products. These go mainly into new homes, multi-family buildings, repair and remodeling, and industrial and light commercial construction. The company reports results in three segments: Timberlands; Real Estate, Energy and Natural Resources (renamed Strategic Land Solutions from the first quarter of 2026); and Wood Products.
Weyerhaeuser is a real estate investment trust (REIT), so it can pass timberland income to shareholders free of corporate tax. Its wood products business still pays corporate tax. The U.S. housing market strongly affects all three segments. Of $6.9 billion in revenue for fiscal 2025, 86.9% came from the U.S., 7.9% from Canada and 3.9% from Japan.
Price history
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WY -4.1% over the year to Nov 2, 2026, total return with dividends reinvested.
How it makes money
By geography
| US | $6.00B | 86.9% |
| CA | $543.0M | 7.9% |
| JP | $271.0M | 3.9% |
| Other Countries | $61.0M | 0.9% |
| KR | $21.0M | 0.3% |
| CN | $11.0M | 0.2% |
Latest results
- In Q3 FY2026 (ended Sep 30, 2026), revenue was $1.86B, up 8.4% from a year earlier, and net income was $61.0M (-23.8%).
- For fiscal 2025, revenue was $6.91B (-3.1% year over year; -1.7% a year from FY2020 to FY2025) with a 4.7% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | -1.7% weak |
|---|---|
| Operating margin | 10.6% watch |
| Free cash flow margin | 7.4% watch |
| Return on equity (FY2025) | 3.4% weak |
| Return on assets (FY2025) | 2% weak |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $7.53B | $797.0M | $1.47B |
| FY2021 | $10.20B | $2.61B | $3.10B |
| FY2022 | $10.18B | $1.88B | $2.78B |
| FY2023 | $7.67B | $839.0M | $1.38B |
| FY2024 | $7.12B | $396.0M | $956.0M |
| FY2025 | $6.91B | $324.0M | $511.0M |
Valuation snapshot
| Market value | $15.34B |
|---|---|
| P/E ratio | 47.3 |
| Dividend yield | 3.95% |
Rank among 1514 US companies
Market value at each year end
Weyerhaeuser’s market value went from $22.51B at the end of 2016 to $15.34B on Nov 2, 2026, down 32%; since the end of 2025 it is down 10%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Nov 2, 2026 | $15.34B | -10.2% |
| 2025 | $17.08B | -16.5% |
| 2024 | $20.45B | -19.4% |
| 2023 | $25.38B | +11.3% |
| 2022 | $22.81B | -26.0% |
| 2021 | $30.85B | +23.2% |
| 2020 | $25.03B | +11.2% |
| 2019 | $22.50B | +37.4% |
| 2018 | $16.38B | -38.5% |
| 2017 | $26.62B | +18.2% |
| 2016 | $22.51B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| WY price data to Nov 2, 2026 | -7.7% | -4.1% | -8.1% | -6.4% | +0.7% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | -7.7% |
| 2025 | -13.1% |
| 2024 | -16.6% |
| 2023 | +18.1% |
| 2022 | -20.4% |
| 2021 | +26.9% |
| 2020 | +13.1% |
| 2019 | +45.6% |
| 2018 | -35.5% |
| 2017 | +21.6% |
| 2016 | +4.6% |
| 2015 | -13.1% |
| 2014 | +17.4% |
| 2013 | +16.6% |
| 2012 | +53.1% |
| 2011 | +1.6% |
| 2010 | -11.8% |
| 2009 | +43.5% |
| 2008 | -56.5% |
| 2007 | +7.8% |
| 2006 | +10.2% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 72.4% over that stretch · deepest drop along the way 73.6%, back to its old high 63.8 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 55.1% over that stretch · deepest drop along the way 55.8%, back to its old high 5.2 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 23.8% over that stretch · deepest drop along the way 33.6%, not recovered by the end of the data |
Insider activity
Form 4 filings from 2025-10-31 to 2026-10-31 (25 read): 0 open-market purchases and 0 sales ($0.00).
Who owns it
Large shareholders (13G filings)
| BlackRock, Inc. | 9.6% | Sep 30, 2026 |
| Vanguard Portfolio Management | 8.49% | Mar 31, 2026 |
| Vanguard Capital Management | 7.48% | Mar 31, 2026 |
| First Eagle Investment Management, LLC | 6.6% | Mar 31, 2026 |
| Wellington Management Group LLP | 5.1% | Jun 30, 2025 |
| COHEN & STEERS, INC. | 4.83% | Jul 31, 2025 |
| T. Rowe Price Associates, Inc. | 4.3% | Jun 30, 2025 |
ETFs with the most weight in WY
| WOOD iShares Global Timber & Forestry ETF | 5.28% |
| CUT Invesco MSCI Global Timber ETF | 5.18% |
| SPRE SP Funds S&P Global REIT Sharia ETF | 4.88% |
| FTRI First Trust Indxx Global Natural Resources Income ETF | 4.18% |
| LOPP Gabelli Love Our Planet & People ETF | 3.31% |
| RSPR Invesco S&P 500 Equal Weight Real Estate ETF | 3.06% |
| JPRE JPMorgan Realty Income ETF | 2.01% |
| XLRE Real Estate Select Sector SPDR Fund | 1.9% |
What could go wrong
- A housing slump hits every segment. Its wood products sell mainly into new homes and remodeling, and demand for its logs follows. Higher mortgage rates, tighter lending or weaker consumer confidence can cut sales across all three segments.
- Log and lumber prices can swing sharply. Too many logs and wood products on the market can push prices and margins down. Changes in lumber imports and U.S. trade policy can also move prices and raise costs in export markets.
- Climate change could damage its forests. Timberland is the company's core asset. It warns that changes in global or regional climate could significantly harm its forests. Catastrophic events could also hurt its markets, operations and results.
- Dividends are not guaranteed. The company says its cash dividends may fluctuate. Dividends per share fell from $2.17 in 2022 to $0.84 in 2025. The 2025 payout was larger than both earnings and free cash flow.
- Losing REIT tax status. If Weyerhaeuser lost its REIT status, its taxable income would be taxed at corporate rates and it could not deduct dividends. A failure at either of its two subsidiary REITs could threaten that status.
- Reliance on outside loggers and truckers. Weyerhaeuser depends heavily on outside companies to cut its timber and haul it. Higher costs or shortages of these services could disrupt harvests and deliveries and hurt results.
Recent events
- Quarterly results released
- Investor presentation or announcement
- Investor presentation or announcement
- Quarterly results released
- Investor presentation or announcement
- Investor presentation or announcement
- Executive or board change; Shareholder vote results
- Quarterly results released
- Investor presentation or announcement
- Investor presentation or announcement
For income and retirement investors
Weyerhaeuser's dividend yield was 4.38% as of October 28, 2026, but the payout swings and is not guaranteed. Dividends per share rose from $0.51 in 2020 to $2.17 in 2022, then fell to $0.84 in 2025. There is no streak of yearly increases. In 2025 dividends equaled about 187% of earnings and 119% of free cash flow (cash from operations after capital spending), so it paid out more than it earned. From FY2021 to FY2025 it paid $5.0 billion in dividends and spent $1.1 billion on buybacks. The share count fell 3.8% between October 2021 and July 2026.
The shares have fallen hard in downturns. They lost about 74% from December 2007 to March 2009 and took about 64 months to recover. In the 2020 COVID crash they fell about 56% and recovered within about five months. After a 34% drop from May to September 2022, they had not regained that peak as of October 28, 2026. A single stock carries more risk than a diversified fund.
Questions investors ask
How does Weyerhaeuser make money?
Weyerhaeuser makes money in two main ways: it grows and harvests timber, and it makes wood products. It owns or controls more than 10 million acres of U.S. timberland and holds long-term licenses on more than 14 million acres in Canada. Its 33 manufacturing facilities make lumber, oriented strand board and engineered wood, mostly for home building and remodeling. It also sells land for higher-value uses and earns lease and royalty income. Revenue was $6.9 billion in fiscal 2025, and 86.9% of it came from the U.S.
Is Weyerhaeuser a REIT?
Yes. Weyerhaeuser qualifies as a real estate investment trust (REIT). This lets it pass qualifying income to shareholders without first paying corporate tax. Most of that income comes from its timberlands. Much of that land is held through two subsidiary REITs, one for its western forests and one for its southern forests. Its wood products business sits in taxable subsidiaries that pay corporate income tax. To keep REIT status, it must generally pay out substantially all of its taxable income to shareholders.
Does Weyerhaeuser raise its dividend every year?
No. Dividends per share have risen and fallen: $0.51 in 2020, $1.18 in 2021, $2.17 in 2022, $1.66 in 2023, $0.94 in 2024 and $0.84 in 2025. The company says its cash dividends are not guaranteed and may fluctuate. The 2025 total was still above the 2020 total, an average gain of about 10.5% a year over that span. The dividend yield was 4.38% as of October 28, 2026.
Is Weyerhaeuser's dividend covered by its earnings?
Not in fiscal 2025. Weyerhaeuser paid dividends of $0.84 per share against diluted earnings of $0.45 per share, a payout of about 187% of earnings. Dividends also equaled about 119% of free cash flow (cash from operations after capital spending). Net income fell every year, from $2.6 billion in 2021 to $324 million in 2025. In the quarter ended June 30, 2026, net income rose 86.2% from a year earlier, to $162 million. The company states its dividends are not guaranteed.
How has Weyerhaeuser stock performed over the last 10 years?
It has lost ground. As of October 28, 2026, the share price was down about 7% over ten years, 36% over five years and 16% over one year. Calendar-year price returns have ranged from a 56% loss in 2008 to a 53% gain in 2012. The stock fell about 74% in the 2008 financial crisis and needed about 64 months to recover. It also fell about 56% in the 2020 COVID crash, recovering within about five months.