Filing Flows › Rayonier (RYN) › Q2 2026
Rayonier (RYN) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Rayonier (RYN) reported revenue of $396M for the second quarter 2026 (Q2 2026), +272% from a year earlier and +43% from the quarter before. Operating margin was 8.7%, net earnings $19.1M (4.8% of revenue).
Rayonier, Q2 2026: revenue $396M (+272% year over year), operating margin 8.7%, net earnings $19.1M, operating cash flow $111M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $396M | +43% | +272% |
| Operating profit | $34.6M | — | +138% |
| Net earnings | $19.1M | — | -95% |
| Operating cash flow | $111M | +220% | +81% |
| Free cash flow | $83.2M | +177% | +79% |
What changed
Revenue was $396.5M in Q2 2026, up 272% year over year and up 43% from the previous quarter. Total Delivered was the largest line at 26% of revenue. Total Delivered added $56.7M year over year (up 125%), 20% of the total change.
Operating profit was $34.6M, a 8.7% margin (down 4.9 points year over year). Of the extra revenue versus Q2 2025, 7% reached operating profit, below the 14% margin then. Total costs grew 293% against revenue growth of 272%. The fastest-growing cost line was Cost of revenue (+328%). Net earnings were $19.1M, down 95% year over year. The effective tax rate was 12.8%.
Operating cash flow was $110.6M (up 81% year over year), 575% of net earnings. Non-cash charges added back $5.9M of share-based compensation. Working capital and other items added $85.5M. Capital expenditures of $27.4M left free cash flow of $83.2M.
Questions
What was Rayonier's revenue in the second quarter 2026?
Rayonier (RYN) reported revenue of $396M for the second quarter 2026 (Q2 2026), +272% from a year earlier and +43% from the quarter before.
Was Rayonier profitable in the second quarter 2026?
Operating profit was $34.6M (8.7% of revenue) and net earnings $19.1M.
Source: Rayonier 10-Q on SEC EDGAR.