West Fraser Timber Co. Ltd. (WFG) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.33B | 1.62B | 1.29B | 1.56B | 1.46B | 1.41B | 1.44B | 1.71B | 1.63B | 2.01B | 1.71B | 1.61B | 1.63B | 2.19B | 2.09B | 2.89B | 3.11B | 2.04B | 2.36B | 3.78B |
| Revenue Growth % | -8.57% | 15.52% | -10.05% | -8.67% | -10.33% | -29.96% | -15.72% | 6.03% | 0% | -8.32% | -18.34% | -44.3% | -47.68% | 7.36% | -11.45% | -23.6% | 32.74% | 37.79% | 39.65% | 202.24% |
| Cost of Goods Sold | 989M | 1.77B | 1.42B | 1.52B | 981M | 1.01B | 1.07B | 1.13B | 1.12B | 1.48B | 1.13B | 1.19B | 1.25B | 1.64B | 1.37B | 1.39B | 1.18B | 1.16B | 1.21B | 1.24B |
| COGS % of Revenue | 74.14% | 109.1% | 109.49% | 97.32% | 67.24% | 71.96% | 74.6% | 66.45% | 68.72% | 73.78% | 66.16% | 74.25% | 76.52% | 74.81% | 65.66% | 47.97% | 37.85% | 56.82% | 51.44% | 32.68% |
| Gross Profit | 345M | -147.68M | -122.63M | 41.68M | 478M | 394M | 365M | 572M | 509M | 526.01M | 577M | 414M | 382M | 551.06M | 717M | 1.5B | 1.93B | 880M | 1.15B | 2.54B |
| Gross Margin % | 25.86% | -9.1% | -9.49% | 2.68% | 32.76% | 28.04% | 25.4% | 33.55% | 31.28% | 26.22% | 33.84% | 25.75% | 23.48% | 25.19% | 34.34% | 52.03% | 62.15% | 43.18% | 48.56% | 67.32% |
| Gross Profit Growth % | -27.82% | -137.48% | -133.6% | -92.71% | -6.09% | -25.1% | -36.74% | 38.16% | 33.25% | -4.54% | -19.53% | -72.44% | -80.24% | -37.38% | -37.38% | -40.96% | 48.24% | 29% | 34.35% | 512.39% |
| Operating Expenses | 555M | 157.43M | 63.29M | 86.4M | 414M | 459M | 473M | 440M | 461M | 773.78M | 393M | 610M | 467M | 727.07M | 436M | 521M | 506M | 430M | 515M | 558M |
| OpEx % of Revenue | 41.6% | 9.7% | 4.9% | 5.55% | 28.38% | 32.67% | 32.92% | 25.81% | 28.33% | 38.57% | 23.05% | 37.94% | 28.7% | 33.23% | 20.88% | 18.05% | 16.27% | 21.1% | 21.84% | 14.77% |
| Selling, General & Admin | 259M | 532.04M | 360.94M | 272M | 257M | 248M | 282M | 281M | 299M | 405.44M | 286M | 320M | 312M | 427.85M | 349M | 361M | 309M | 307M | 302M | 323M |
| SG&A % of Revenue | 19.42% | 32.78% | 27.93% | 17.47% | 17.61% | 17.65% | 19.62% | 16.48% | 18.38% | 20.21% | 16.77% | 19.9% | 19.18% | 19.55% | 16.71% | 12.5% | 9.94% | 15.06% | 12.81% | 8.55% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | -1000K | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | -210M | -305.12M | -185.92M | -44.73M | 64M | -65M | -108M | 132M | 48M | -247.77M | 184M | -196M | -85M | -176.01M | 281M | 981M | 1.43B | 450M | 630M | 1.99B |
| Operating Margin % | -15.74% | -18.8% | -14.38% | -2.87% | 4.39% | -4.63% | -7.52% | 7.74% | 2.95% | -12.35% | 10.79% | -12.19% | -5.22% | -8.04% | 13.46% | 33.98% | 45.88% | 22.08% | 26.72% | 52.55% |
| Operating Income Growth % | -428.13% | -369.41% | -72.14% | -133.88% | 33.33% | 73.77% | -158.7% | 167.35% | 156.47% | -40.77% | -34.52% | -119.98% | -105.96% | -139.11% | -55.4% | -50.6% | 62.34% | 5.75% | 29.26% | 2298.19% |
| EBITDA | -72M | -104.49M | -54.39M | 91.48M | 198M | 73M | 28M | 270M | 186M | -67.57M | 316M | -61M | 53M | 24.37M | 421M | 1.13B | 1.58B | 603M | 777M | 2.15B |
| EBITDA Margin % | -5.4% | -6.44% | -4.21% | 5.87% | 13.57% | 5.2% | 1.95% | 15.84% | 11.43% | -3.37% | 18.53% | -3.79% | 3.26% | 1.11% | 20.16% | 38.97% | 50.93% | 29.59% | 32.95% | 56.84% |
| EBITDA Growth % | -136.36% | -243.14% | -294.25% | -66.12% | 6.45% | 208.03% | -91.14% | 542.62% | 250.94% | -377.27% | -24.94% | -105.42% | -96.65% | -95.96% | -45.82% | -47.63% | 58.24% | 23.4% | 40.26% | 1365.03% |
| D&A (Non-Cash Add-back) | 138M | 200.62M | 131.53M | 136.21M | 134M | 138M | 136M | 138M | 138M | 180.2M | 132M | 135M | 138M | 200.38M | 140M | 144M | 157M | 153M | 147M | 162M |
| EBIT | -197M | -305.12M | -113.73M | -39.64M | 70M | -38M | -102M | 146M | 57M | -70.22M | 221M | -171M | -57M | -115.09M | 303M | 1.01B | 1.43B | 442M | 635M | 1.99B |
| Net Interest Income | -52M | 4.18M | -9.89M | 5.08M | 6.98M | 13M | 7M | 9M | 9.96M | 14M | 21M | 9M | 8M | 3M | 2.83M | -2.97M | -7.09M | -996.63K | -11M | -20M |
| Interest Income | 1M | 12.54M | 5.93M | 9.15M | 9.97M | 17M | 14M | 16M | 16.92M | 20M | 27M | 14M | 14M | 3M | 2.83M | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 53M | 8.36M | 15.82M | 4.07M | 2.99M | 4M | 7M | 7M | 6.97M | 6M | 6M | 5M | 6M | 0 | 0 | 2.97M | 7.09M | 996.63K | 11M | 20M |
| Other Income/Expense | -40M | -973.86M | 56.37M | 1.02M | 3M | 22M | -1M | 7M | 2M | -21.2M | 31M | 19M | 22M | 6.77M | 15M | 21M | -7M | -12M | -6M | -20M |
| Pretax Income | -250M | -1.28B | -129.55M | -43.71M | 67M | -43M | -109M | 139M | 50M | -268.97M | 215M | -177M | -63M | -169.24M | 296M | 1B | 1.42B | 438M | 624M | 1.97B |
| Pretax Margin % | -18.74% | -78.8% | -10.02% | -2.81% | 4.59% | -3.06% | -7.59% | 8.15% | 3.07% | -13.41% | 12.61% | -11.01% | -3.87% | -7.74% | 14.18% | 34.71% | 45.66% | 21.49% | 26.46% | 52.02% |
| Income Tax | -61M | -232.67M | 72.19M | -19.31M | 25M | 19M | -26M | 34M | 15M | -66.25M | 56M | -46M | -21M | -43.33M | 80M | 240M | 330M | 104M | 164M | 478M |
| Effective Tax Rate % | 24.4% | 18.19% | -55.73% | 44.19% | 37.31% | -44.19% | 23.85% | 24.46% | 30% | 24.63% | 26.05% | 25.99% | 33.33% | 25.6% | 27.03% | 23.95% | 23.24% | 23.74% | 26.28% | 24.31% |
| Net Income | -188M | -1.05B | -201.74M | -24.39M | 42M | -62M | -83M | 105M | 35M | -202.72M | 159M | -131M | -42M | -125.92M | 216M | 762M | 1.09B | 334M | 460M | 1.49B |
| Net Margin % | -14.09% | -64.46% | -15.61% | -1.57% | 2.88% | -4.41% | -5.78% | 6.16% | 2.15% | -10.11% | 9.33% | -8.15% | -2.58% | -5.75% | 10.34% | 26.39% | 35.05% | 16.39% | 19.51% | 39.38% |
| Net Income Growth % | -547.62% | -1587.6% | -143.06% | -123.23% | 20% | 69.42% | -152.2% | 180.15% | 183.33% | -60.99% | -26.39% | -117.19% | -103.85% | -137.7% | -53.04% | -48.79% | 63.91% | 10.5% | 31.84% | 3031.62% |
| Net Income (Continuing) | -189M | -1.05B | -201.74M | -24.39M | 42M | -62M | -83M | 105M | 35M | -202.72M | 159M | -131M | -42M | -125.92M | 216M | 762M | 1.09B | 334M | 460M | 1.49B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -2.40 | -13.36 | -2.56 | -0.31 | 0.52 | -0.78 | -1.03 | 1.29 | 0.43 | -1.92 | 1.79 | -1.57 | -0.50 | -1.11 | 2.50 | 7.63 | 10.32 | 3.24 | 4.20 | 12.32 |
| EPS Growth % | -561.54% | -1612.82% | -148.54% | -124.03% | 20.93% | 59.38% | -157.54% | 182.17% | 186% | -72.97% | -28.4% | -120.58% | -104.85% | -134.26% | -40.48% | -38.07% | 48.28% | -22.55% | 9.95% | 2315.69% |
| EPS (Basic) | -2.40 | -13.36 | -2.56 | -0.31 | 0.53 | -0.78 | -1.03 | 1.29 | 0.43 | -1.92 | 1.88 | -1.57 | -0.50 | -1.11 | 2.50 | 7.65 | 10.36 | 3.24 | 4.20 | 12.32 |
| Diluted Shares Outstanding | 78.3M | 78.31M | 78.71M | 79.2M | 79.87M | 80.73M | 80.35M | 81.46M | 81.68M | 81.82M | 83.8M | 83.56M | 83.56M | 83.56M | 86.32M | 99.93M | 105.6M | 106.5M | 109.65M | 121.31M |
| Basic Shares Outstanding | 78.3M | 78.31M | 78.71M | 79.2M | 79.67M | 80.6M | 80.35M | 81.21M | 81.68M | 81.82M | 83.5M | 83.56M | 83.56M | 83.56M | 86.32M | 99.55M | 105.24M | 106.5M | 109.65M | 120.7M |
| Dividend Payout Ratio | - | - | - | - | 61.9% | - | - | 23.8% | 68.57% | - | 15.72% | - | - | - | 12.5% | 3.41% | 1.93% | 6.22% | 5.2% | 1.27% |