Friday 6 November 2026
Export WFG’s income statement to Excel — free account
West Fraser Timber Co. Ltd.
WFG Basic Materials Lumber & Wood Production
West Fraser Timber Co. Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $5.5 billion, down 11.5% from fiscal 2024.
- Revenue
- +4.28%
- EPS
- +60.6%
- Free cash flow
- +157.6%
- Total debt
- +66.7%
Quarter to September 2026, against a year earlier
69.13
0.61
−0.87%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 3,296 | 4,107 | 4,499 | 3,752 | 4,373 | 10,518 | 9,701 | 6,454 | 6,174 | 5,462 | 5,295 | +5.8% | 3,908 | 4,237 | 4,559 | (5.8%) | |
| Gross margin, % | 14.29 | 22.34 | 24.80 | 5.29 | 29.38 | 47.79 | 37.07 | 13.56 | 16.62 | 9.37 | 9.65 | (4.9) pt | ||||||
| EBT | 329 | 677 | 788 | (168) | 790 | 3,898 | 2,593 | (228) | 38 | (1,171) | (1,358) | n/m | ||||||
| EBT margin, % | 9.98 | 16.48 | 17.52 | (4.49) | 18.07 | 37.06 | 26.73 | (3.53) | 0.62 | (21.44) | (25.65) | (31.4) pt | ||||||
| Net income | 241 | 0 | 0 | 0 | 588 | 2,947 | 1,975 | (167) | (5) | (937) | (1,080) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 41.20 | 52.66 | 60.79 | 54.37 | 63.68 | 96.48 | 103.47 | 77.57 | 76.36 | 69.16 | 67.62 | +5.9% | |||||
| Earnings | 3.01 | 6.10 | 8.00 | (1.68) | 8.44 | 27.03 | 21.06 | (2.01) | (0.06) | (11.87) | (13.79) | n/m | ||||||
| Cash flow | 6.17 | 9.02 | 8.71 | 0.80 | 14.10 | 32.58 | 23.54 | 6.31 | 8.17 | 1.22 | (1.00) | (16.5%) | ||||||
| Capex | 0.00 | 0.00 | 0.00 | 0.00 | (2.62) | (5.82) | (5.09) | (5.73) | (6.02) | (5.20) | (4.21) | n/m | ||||||
| Free cash flow | 6.17 | 9.02 | 8.71 | 0.80 | 11.47 | 26.76 | 18.45 | 0.58 | 2.15 | (3.99) | (5.21) | n/m | ||||||
| Book value | 20.75 | 27.96 | 28.78 | 27.58 | 36.08 | 70.23 | 81.26 | 86.82 | 86.00 | 74.06 | 69.86 | +15.2% | ||||||
| Shares, m | 80 | 78 | 74 | 69 | 69 | 109 | 94 | 83 | 81 | 79 | 78 | (0.1%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 11.81 | 6.85 | 2.87 | 0.00 | 7.51 | 3.58 | 3.79 | 0.00 | 0.00 | 0.00 | 0.00 | 3.6 | |||||
| P/S | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | 0.99 | 0.71 | 1.09 | 1.13 | 0.88 | 1.02 | 0.6 | ||||||
| P/B | 0.00 | 0.00 | 0.00 | 0.00 | 1.78 | 1.36 | 0.91 | 0.97 | 1.01 | 0.83 | 0.99 | 0.7 | ||||||
| EV/Sales | 0.00 | 0.00 | 0.00 | 0.00 | 1.02 | 0.92 | 0.68 | 1.03 | 1.09 | 0.94 | 1.09 | 0.6 | ||||||
| EV/FCF | 0.00 | 0.00 | 0.00 | 0.00 | 5.59 | 3.33 | 3.82 | 138.18 | 38.84 | (16.27) | (14.13) | 17.3 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 493 | 703 | 645 | 55 | 968 | 3,552 | 2,207 | 525 | 661 | 96 | (78) | (16.6%) | |||||
| Capex | (202) | (269) | (272) | (315) | (180) | (635) | (477) | (477) | (487) | (411) | (330) | +8.2% | ||||||
| Free cash flow | 493 | 703 | 645 | 55 | 788 | 2,917 | 1,730 | 48 | 174 | (315) | (408) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 355 | 566 | 551 | 238 | 808 | 2,011 | 1,957 | 1,327 | 903 | 736 | 824 | +8.4% | |||||
| Net debt | 269 | 302 | 436 | 792 | 46 | (1,058) | (652) | (401) | (441) | 98 | 297 | (10.6%) | ||||||
| Shareholders’ equity | 1,660 | 2,181 | 2,129 | 1,903 | 2,478 | 7,656 | 7,619 | 7,223 | 6,954 | 5,849 | 5,470 | +15.0% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 7.69 | 35.76 | 0.00 | 0.00 | 17.18 | 40.34 | 19.36 | (1.72) | (0.06) | (11.44) | (13.46) | (19.1) pt | |||||
| ROIC | 0.00 | 0.00 | 0.00 | 0.00 | 20.58 | 37.37 | 22.96 | (2.61) | 0.07 | (12.47) | (14.15) | (12.5) pt | ||||||
| ROE | 12.57 | 24.83 | 27.64 | (5.72) | 26.84 | 58.16 | 25.86 | (2.25) | (0.07) | (14.64) | (17.86) | (27.2) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | 8,570 | 8,200 | 8,115 | 11,000 | 11,000 | 10,800 | 9,700 | 9,600 | — | +1.6% | |||||
| Revenue/emp, $m | 0.00 | 0.00 | 0.52 | 0.46 | 0.54 | 0.96 | 0.88 | 0.60 | 0.64 | 0.57 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026
West Fraser Timber Co. Ltd. vs peers in Lumber & Wood Production (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| SSD Simpson Manufacturing Company, Inc. | $8.2B | 21.5× | 20.7× | +2.34% (above 0%: growing) | +3.75% (above 0%: growing) | +132.21% (above 0%: growing) | 45.69% | 22.10% | Compare |
| WFG West Fraser Timber Co. Ltd. | $5.4B | — (loss-making) | — (loss-making) | +4.28% (above 0%: growing) | n/m | +157.58% (above 0%: growing) | 11.23% | (6.60%) | |
| UFPI UFP Industries, Inc. | $4.6B | 20.0× | 19.5× | +11.11% (above 0%: growing) | −17.67% (below 0%: shrinking) | −35.13% (below 0%: shrinking) | 14.13% | 4.05% | Compare |
| BCC Boise Cascade, L.L.C. | $2.6B | 21.7× | 20.5× | +8.06% (above 0%: growing) | +79.45% (above 0%: growing) | +45.57% (above 0%: growing) | 16.40% | 3.10% | Compare |
| JCTC Jewett-Cameron Trading Company | $10.1M | — (loss-making) | 19.3× | −21.84% (below 0%: shrinking) | n/m | +309.53% (above 0%: growing) | 18.01% | (7.80%) | Compare |
| NWGL Nature Wood Group Limited Sponsored ADR | $1.5M | — | — | — | n/m | — | 20.56% | 0.00% | Compare |
| Median of peers | $2.6B | 21.5× | 20.0× | +5.20% | +3.75% | +88.89% | 18.01% | 3.10% |
West Fraser Timber Co. Ltd. (WFG) Latest News
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WFG metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score