10-K · February 13, 2026
Weyerhaeuser emphasizes a land-anchored, vertically integrated strategy: large timberland ownership and REIT status support long-dated cash flows while an integrated Wood Products manufacturing footprint captures…
Earnings analysis · 10-Q
WY earnings analysis
Filed May 1, 2026 · Our reading of the company's report
The latest report
Weyerhaeuser's Q1 2026 results show a solid improvement in EPS and operating income despite a slight revenue decrease year-over-year. Revenue was reported at $1.73 billion, with EPS of $0.22 reflecting an 88% increase…
Read full summary
Weyerhaeuser's Q1 2026 results show a solid improvement in EPS and operating income despite a slight revenue decrease year-over-year. Revenue was reported at $1.73 billion, with EPS of $0.22 reflecting an 88% increase from the previous year. Management anticipates stable performance moving forward but highlights potential headwinds from market conditions and cost pressures.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.22
- Segment
- Timberlands
- Segment
- Wood Products
- Segment
- Strategic Land Solutions
What stood out
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Strong Earnings Growth
Net earnings surged by $73 million, increasing 88% year-over-year to $156 million.
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EPS Exceeds Expectations
Reported diluted EPS was $0.22, up from $0.11 in Q1 2025, exceeding consensus estimates of $0.04.
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Operating Income Increases
Operating income was up 38% to $248 million, attributable to gains from timberland sales.
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Notable Segment Gains
Strategic Land Solutions segment net sales rose 120% to $208 million, mainly driven by a $94 million conservation easement sale.
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Improvement in Costs of Sales
Costs of sales decreased $19 million year-over-year to $1.41 billion, helping margin recovery.
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Revised Capital Expenditure Guidance
Management anticipates capital expenditures for 2026 to range between $400-$450 million.
What to watch
-
Lower Sales in Wood Products
Wood Products segment revenue declined by 10% ($123 million) due to decreased sales realization across products.
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Cash Flow from Operations Down
Cash provided by operations dropped to $52 million from $70 million YOY, indicating tighter working capital.
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Continued Cost Pressures
Ongoing inflation and rising interest rates may pressure future margins and operations.
Management's outlook
Management expects Q2 earnings before special items to be comparable to Q1.
Earlier filings 4
10-Q · October 31, 2025
Weyerhaeuser reported Q3 2025 net sales of $1,717 million (vs. $1,681 million in Q3 2024) and GAAP diluted EPS of $0.11 (vs. $0.04). Revenue and EPS beat consensus, but gross margin contracted to $204 million (11.9% of…
10-Q · July 25, 2025
Weyerhaeuser reported Q2 net sales of $1,884 million (down $55 million vs Q2 2024) and EPS of $0.12 (vs $0.24 in Q2 2024), with notable margin compression. Real Estate & ENR and share repurchases/financing activity were…
10-Q · April 25, 2025
Weyerhaeuser reported Q1 2025 revenue of $1,763 million and EPS of $0.11, down versus Q1 2024 revenue of $1,796 million and EPS $0.16. Operating income fell to $179 million from $196 million and gross margin declined to…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.