Stocks · Materials · Sawmills & Planting Mills, General

WEST FRASER TIMBER CO., LTD

WFG Clue Score32
British Columbia, Canada Fiscal year ends December CIK 0001402388
$64.25 +0.06% Close, 9 Oct 2026
Price $64.25 −26.64% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2020Revenue4.37Operating income0.83Net income0.59EPS, diluted8.56Fiscal year 2021Revenue10.52 +140.5%Operating income3.95Net income2.95 +401.2%EPS, diluted27.03Fiscal year 2022Revenue9.70 −7.8%Operating income2.56Net income1.98 −33.0%EPS, diluted20.86Fiscal year 2023Revenue6.45 −33.5%Operating income−0.28Net income−0.17 −108.5%EPS, diluted−2.01Fiscal year 2024Revenue6.17 −4.3%Operating income0.01Net income−0.01EPS, diluted−0.07Fiscal year 2025Revenue5.46 −11.5%Operating income−1.19Net income−0.94EPS, diluted−12.08
FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 4.37 10.52 9.70 6.45 6.17 5.46
Growth +140.5% −7.8% −33.5% −4.3% −11.5%
Operating income 0.83 3.95 2.56 −0.28 0.01 −1.19
Net income 0.59 2.95 1.98 −0.17 −0.01 −0.94
Growth +401.2% −33.0% −108.5%
EPS, diluted 8.56 27.03 20.86 −2.01 −0.07 −12.08

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2020Operating margin19.0%Net margin13.4%Free cash flow margin18.0%Fiscal year 2021Operating margin37.5%Net margin28.0%Free cash flow margin27.7%Fiscal year 2022Operating margin26.4%Net margin20.4%Free cash flow margin17.8%Fiscal year 2023Operating margin−4.4%Net margin−2.6%Free cash flow margin0.7%Fiscal year 2024Operating margin0.1%Net margin−0.1%Free cash flow margin2.8%Fiscal year 2025Operating margin−21.7%Net margin−17.2%Free cash flow margin−5.8%
FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 19.0% 37.5% 26.4% −4.4% 0.1% −21.7%
Net margin 13.4% 28.0% 20.4% −2.6% −0.1% −17.2%
Free cash flow margin 18.0% 27.7% 17.8% 0.7% 2.8% −5.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2020Operating cash flow0.97Capital expenditure−0.18Free cash flow0.79Buybacks0.00Dividends paid−0.04Fiscal year 2021Operating cash flow3.55Capital expenditure−0.64Free cash flow2.92 +270.2%Buybacks−1.32Dividends paid−0.08Fiscal year 2022Operating cash flow2.21Capital expenditure−0.48Free cash flow1.73 −40.7%Buybacks−1.99Dividends paid−0.10Fiscal year 2023Operating cash flow0.53Capital expenditure−0.48Free cash flow0.05 −97.2%Buybacks−0.13Dividends paid−0.10Fiscal year 2024Operating cash flow0.66Capital expenditure−0.49Free cash flow0.17 +262.5%Buybacks−0.14Dividends paid−0.10Fiscal year 2025Operating cash flow0.10Capital expenditure−0.41Free cash flow−0.32 −281.0%Buybacks−0.13Dividends paid−0.10
FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.97 3.55 2.21 0.53 0.66 0.10
Capital expenditure −0.18 −0.64 −0.48 −0.48 −0.49 −0.41
Free cash flow 0.79 2.92 1.73 0.05 0.17 −0.32
Growth +270.2% −40.7% −97.2% +262.5% −281.0%
Buybacks 0.00 −1.32 −1.99 −0.13 −0.14 −0.13
Dividends paid −0.04 −0.08 −0.10 −0.10 −0.10 −0.10

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2020Cash0.46Total debt0.51Net cash (debt)−0.05Shareholders’ equity2.48Debt to equity0.20Fiscal year 2021Cash1.57Total debt0.50Net cash (debt)1.07Shareholders’ equity7.66Debt to equity0.07Fiscal year 2022Cash1.16Total debt0.50Net cash (debt)0.66Shareholders’ equity7.62Debt to equity0.07Fiscal year 2023Cash0.90Total debt0.50Net cash (debt)0.40Shareholders’ equity7.22Debt to equity0.07Fiscal year 2024Cash0.64Total debt0.20Net cash (debt)0.44Shareholders’ equity6.95Debt to equity0.03Fiscal year 2025Cash0.20Total debt0.30Net cash (debt)−0.10Shareholders’ equity5.85Debt to equity0.05
FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.46 1.57 1.16 0.90 0.64 0.20
Total debt 0.51 0.50 0.50 0.50 0.20 0.30
Net cash (debt) −0.05 1.07 0.66 0.40 0.44 −0.10
Shareholders’ equity 2.48 7.66 7.62 7.22 6.95 5.85
Debt to equity 0.20 0.07 0.07 0.07 0.03 0.05

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2020 31 Dec 2020 FY2021† 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
4.37 10.52 9.70 6.45 6.17 5.46
Growth +140.5% −7.8% −33.5% −4.3% −11.5%
2.56 4.65 5.14 4.69 4.33 4.18
0.19 0.31 0.37 0.31 0.28 0.28
0.83 3.95 2.56 −0.28 0.01 −1.19
Growth +374.7% −35.1% −111.1% −17,057.1%
0.79 3.90 2.59 −0.23 0.04 −1.17
0.20 0.95 0.62 −0.06 0.04 −0.23
0.59 2.95 1.98 −0.17 −0.01 −0.94
Growth +401.2% −33.0% −108.5%
Per share
8.56 27.03 21.06 −2.01 −0.06 −11.87
8.56 27.03 20.86 −2.01 −0.07 −12.08
Growth +215.8% −22.8% −109.6%
68.7 109.0 93.8 83.2 80.9 79.0
68.9 109.0 94.2 83.2 81.1 79.2
Growth +58.3% −13.6% −11.7% −2.5% −2.4%

† The diluted share count jumps at 2021, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 4.5% a year over five years.
  • Operating margin is down 40.7 points on five years ago, at -21.7%.
  • A net loss in 3 of 6 years on file.