West Fraser Timber Co. Ltd. (WFG) Income Statement
WFG 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsWFG revenue and net income
Where WFG's revenue goes
2025Each bar shows an amount and its share of revenue. WFG kept −17.2% of revenue as net income.
WFG profit margins
WFG growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −10.1% | −17.0% | −0.0% | +3.1% |
| Gross profit | −101.8% | — | — | — |
| Operating income | −6,998.9% | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | −539.6% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
WFG quarterly EPS vs estimates
West Fraser Timber beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: October 29, 2026 (estimate $-0.52).
WFG income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.55B | $6.17B | $6.45B | $9.70B | $10.52B | $5.56B | $5.01B | $4.49B | $4.08B | $3.31B |
| Cost of revenue | $5.59B | $4.33B | $4.68B | $5.14B | $4.64B | $2.69B | $2.80B | $2.66B | $2.48B | $2.21B |
| Gross profit | −$32.5M | $1.84B | $1.77B | $4.56B | $5.87B | $1.89B | $937.8M | $1.84B | $1.60B | $1.10B |
| Sales, general & admin | $269.9M | $1.11B | $1.23B | $1.33B | $1.20B | $758.3M | $166.1M | $712.2M | $701.4M | $595.2M |
| Total operating expenses | $450.4M | $1.83B | $2.05B | $2.00B | $1.93B | $1.03B | $222.9M | $1.05B | $906.6M | $741.8M |
| Operating income | −$482.9M | $7.0M | −$284.0M | $2.56B | $3.94B | $1.06B | $42.1M | $787.1M | $691.8M | $358.6M |
| Interest income | $24.0M | $63.0M | $74.0M | $27.0M | $36.0M | $17.0M | $4.0M | $7.0M | $24.0M | $24.0M |
| Interest expense | $19.3M | $26.0M | $24.4M | $23.0M | $47.6M | $33.8M | $33.9M | $24.9M | $24.0M | $24.0M |
| Income before taxes | −$1.19B | $38.0M | −$228.0M | $2.59B | $3.90B | $1.01B | −$225.0M | $787.1M | $672.8M | $330.3M |
| Income taxes | −$237.9M | $43.0M | −$61.0M | $618.0M | $951.0M | $257.0M | −$52.8M | $192.4M | $198.8M | $87.8M |
| Net income | −$952.6M | −$5.0M | −$167.0M | $1.98B | $2.95B | $777.8M | −$114.8M | $594.7M | $474.0M | $242.5M |
| EBITDA | −$627.2M | $614.0M | $336.0M | $3.21B | $4.53B | $1.02B | $64.3M | $1.00B | $859.6M | $655.0M |
| EPS (diluted) | −$4.66 | $1.06 | −$0.73 | $19.21 | $26.61 | $11.06 | −$0.31 | $12.15 | $8.39 | $4.09 |
| Gross margin | −0.6% | 29.8% | 27.4% | 47.0% | 55.8% | 34.1% | 18.7% | 40.9% | 39.2% | 33.2% |
| Operating margin | −8.7% | 0.1% | −4.4% | 26.4% | 37.5% | 19.0% | 0.8% | 17.5% | 16.9% | 10.8% |
| Net margin | −17.2% | −0.1% | −2.6% | 20.4% | 28.0% | 14.0% | −2.3% | 13.2% | 11.6% | 7.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.40B | $956.6M | $1.18B | $1.29B | $1.56B | $1.46B | $1.41B | $1.44B | $1.71B | $1.62B | $1.63B | $1.71B |
| Cost of revenue | $1.37B | $709.2M | $1.29B | $1.42B | $1.52B | $981.0M | $1.01B | $1.07B | $1.13B | $1.47B | $1.12B | $1.13B |
| Gross profit | $32.2M | $247.4M | −$107.5M | −$122.6M | $41.7M | $478.0M | $394.0M | $365.0M | $572.0M | $151.3M | $509.0M | $577.0M |
| Sales, general & admin | $68.0M | $185.7M | $106.3M | $90.6M | $64.0M | $257.0M | $248.0M | $282.0M | $281.0M | $108.4M | $299.0M | $286.0M |
| Total operating expenses | $109.2M | $398.0M | $114.6M | $63.3M | $86.4M | $414.0M | $459.0M | $473.0M | $440.0M | $93.6M | $461.0M | $393.0M |
| Operating income | −$77.0M | −$150.6M | −$222.2M | −$185.9M | −$44.7M | $64.0M | −$65.0M | −$108.0M | $132.0M | $57.7M | $48.0M | $184.0M |
| Interest income | $1.0M | $1.0M | $9.0M | $6.0M | $9.0M | $10.0M | $17.0M | $14.0M | $16.0M | $17.0M | $20.0M | $27.0M |
| Interest expense | $7.8M | $38.0M | $6.1M | $15.8M | $4.1M | $3.0M | $4.0M | $7.0M | $7.0M | $7.0M | $7.0M | $6.0M |
| Income before taxes | −$86.7M | −$179.3M | −$931.4M | −$129.5M | −$43.7M | $67.0M | −$43.0M | −$109.0M | $139.0M | $49.8M | $50.0M | $215.0M |
| Income taxes | −$27.3M | −$43.7M | −$169.4M | $72.2M | −$19.3M | $25.0M | $19.0M | −$26.0M | $34.0M | $14.9M | $15.0M | $56.0M |
| Net income | −$59.5M | −$134.8M | −$761.9M | −$201.7M | −$24.4M | $42.0M | −$62.0M | −$83.0M | $105.0M | $34.8M | $35.0M | $159.0M |
| EBITDA | $52.6M | −$3.3M | −$782.3M | $19.3M | $96.6M | $203.4M | $100.0M | $34.0M | $284.0M | $195.1M | $195.0M | $353.0M |
| EPS (diluted) | −$0.78 | −$2.40 | −$2.15 | −$2.59 | −$0.38 | $0.46 | $0.07 | −$0.86 | $1.34 | $0.51 | −$1.83 | $2.01 |
| Gross margin | 2.3% | 25.9% | −9.1% | −9.5% | 2.7% | 32.8% | 28.0% | 25.4% | 33.5% | 9.3% | 31.3% | 33.8% |
| Operating margin | −5.5% | −15.7% | −18.8% | −14.4% | −2.9% | 4.4% | −4.6% | −7.5% | 7.7% | 3.6% | 3.0% | 10.8% |
| Net margin | −4.3% | −14.1% | −64.5% | −15.6% | −1.6% | 2.9% | −4.4% | −5.8% | 6.2% | 2.2% | 2.2% | 9.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in WFG's financial statements (latest annual report filed February 11, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
WFG financial results
In fiscal year 2025 (ended December 31, 2025), West Fraser Timber reported revenue of $5.6 billion, down 10.1% from the year before. It had a net loss of $952.6 million, a net profit margin of −17.2%. Diluted earnings per share came to −$4.66. Over five years revenue grew at an average rate of −0.0% a year.
See the WFG stock overview for the latest quote and news, or the WFG chart for price history and technical indicators.
WFG income statement FAQ
What is West Fraser Timber's annual revenue?
West Fraser Timber reported total revenue of $5.6 billion for fiscal year 2025, which ended on December 31, 2025. That was down 10.1% from $6.2 billion the previous year.
Is West Fraser Timber profitable?
No. West Fraser Timber reported a net loss of $952.6 million in fiscal 2025, a net profit margin of −17.2%; its operating margin was −8.7%.
What is West Fraser Timber's gross margin?
West Fraser Timber's gross margin was −0.6% in fiscal 2025: for every $100 of revenue, West Fraser Timber kept $-1 after the direct cost of its products and services.
How fast is West Fraser Timber growing?
Revenue grew −0.0% a year on average over the last five fiscal years, from $5.6 billion to $5.6 billion.
What are West Fraser Timber's earnings per share?
West Fraser Timber earned $-4.66 per diluted share in fiscal 2025, compared with $1.06 a year earlier.
When will West Fraser Timber report its next earnings?
West Fraser Timber is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 before the market opens.
When does West Fraser Timber's fiscal year end?
West Fraser Timber's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 11, 2026.