Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data WEST FRASER TIMBER CO., LTD files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
4,373
10,518
9,701
6,454
6,174
5,462
Cost of revenue
2,559
4,645
5,142
4,685
4,333
4,184
Gross profit
1,814
5,873
4,559
1,769
1,841
1,278
Selling, general and administrative
185
312
365
307
282
280
Operating income
831
3,945
2,559
-284
7
-1,187
Other non-operating income
37
5
Pre-tax income
790
3,898
2,593
-228
38
-1,171
Income tax
202
951
618
-61
43
-233
Net income
588
2,947
1,975
-167
-5
-937
EPS, basic
8.56
27.03
21.06
-2.01
-0.06
-11.87
EPS, diluted
8.56
27.03
20.86
-2.01
-0.07
-12.08
Balance sheet
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
461
1,568
1,162
900
641
202
Receivables
277
508
350
311
294
244
Inventory
578
1,061
1,032
851
844
828
Total current assets
1,336
3,217
2,749
2,377
1,837
1,387
Property, plant and equipment
1,657
4,100
3,982
3,835
3,842
3,593
Goodwill
559
1,975
1,944
1,949
1,879
1,471
Total assets
4,178
10,433
9,973
9,415
8,760
7,620
Accounts payable
389
848
722
620
604
584
Short-term debt
0
0
Total current liabilities
528
1,206
792
1,050
934
651
Lease liabilities
18
26
26
19
24
Total liabilities
1,700
2,777
2,354
2,193
1,807
1,771
Total debt
571
595
598
582
265
371
Retained earnings
2,237
4,503
5,284
4,913
4,726
3,630
Total equity
2,478
7,656
7,619
7,223
6,954
5,849
Total liabilities and equity
4,178
10,433
9,973
9,415
8,760
7,620
Cash flow statement
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
588
2,947
1,975
-167
-5
-937
Cash from operations
968
3,552
2,207
525
661
96
Capital expenditures
-180
-635
-477
-477
-487
-411
Cash from investing
-166
-286
-459
-530
-318
-380
Debt issued
0
100
Debt repaid
0
-300
0
Stock issued
0
7
0
0
1
0
Share buybacks
0
-1,319
-1,990
-129
-140
-129
Dividends paid
-41
-75
-99
-100
-101
-101
Cash from financing
-353
-2,164
-2,126
-268
-582
-167
Exchange rate effect
12
5
-28
10
-21
11
Free cash flow
788
2,917
1,730
48
174
-315
Income taxes paid
-41
946
982
24
-3
46
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $71.68 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
23.4%
Gross profit / revenue.
Operating margin
-21.7%
Operating income / revenue.
Pre-tax margin
-21.4%
Pre-tax income / revenue.
Net margin
-17.2%
Net income / revenue.
FCF margin
-5.8%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
1.8%
Cash from operations / revenue.
Return on assets (ROA)
-11.4%
Net income / average total assets.
SG&A / revenue
5.1%
Selling, general and administrative expense / revenue.
Capex / revenue
7.5%
Capital expenditures / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-11.5%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-17.4%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
4.5%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y
-30.6%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
-34.6%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y
-6.8%
Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y
-17,057.0%
Operating income vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
-85.5%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y
-64.8%
Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y
-37.0%
Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y
-281.0%
Free cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-13.0%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-8.6%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
12.8%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
2.13x
Current assets / current liabilities.
Quick ratio
0.69x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.31x
(Cash + short-term investments) / current liabilities.
Debt / assets
4.9%
Total debt / total assets.
Liabilities / assets
23.2%
Total liabilities / total assets.
Net debt
$169.0M
Total debt - cash - short-term investments. Negative means more cash than debt.
Working capital
$736.0M
Current assets - current liabilities.
Goodwill and intangibles / assets
19.3%
(Goodwill + intangible assets) / total assets.
Efficiency
Metric
Value
How it is calculated
Asset turnover
0.67x
Revenue / average total assets.
Fixed asset turnover
1.47x
Revenue / average property, plant and equipment.
Inventory turnover
5.00x
Cost of revenue / average inventory.
Days inventory
73 days
365 x average inventory / cost of revenue.
Receivables turnover
20.3x
Revenue / average receivables.
Days sales outstanding
18 days
365 x average receivables / revenue.
Days payables
52 days
365 x average accounts payable / cost of revenue.
Cash conversion cycle
39 days
Days inventory + days sales outstanding - days payables.
Capex / operating cash flow
428.1%
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$12.08
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
-$11.87
Net income per basic share, as reported (split-adjusted).
Valuation
Metric
Value
How it is calculated
Market cap
$5.61B
Share price x shares outstanding.
Enterprise value
$5.78B
Market cap + total debt - cash - short-term investments.
P/S
1.03x
Market cap / revenue.
P/OCF
58.5x
Market cap / cash from operations, when positive.
EV/Sales
1.06x
Enterprise value / revenue.
FCF yield
-5.6%
Free cash flow / market cap.
Earnings yield
-16.7%
Net income / market cap (the inverse of P/E).
Dividend yield
1.8%
Dividends paid over the period / market cap.
Shareholder yield
4.1%
(Dividends paid + share buybacks) / market cap.
What was WEST FRASER TIMBER CO., LTD's revenue in fiscal 2025?
WEST FRASER TIMBER CO., LTD reported revenue of $5.46B for fiscal 2025, 11.5% lower than the year before.
Was WEST FRASER TIMBER CO., LTD profitable in fiscal 2025?
No. It reported a net loss of $937.0M.
How much free cash flow did WEST FRASER TIMBER CO., LTD generate in fiscal 2025?
Cash from operations of $96.0M minus capital expenditures of $411.0M left free cash flow of -$315.0M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.