Executive Summary
Weyerhaeuser (0LWG.L) reported Q3 2025 results with revenue of $1.717 billion and EBITDA of $123 million, delivering an operating income of $123 million and net income of $80 million. The quarter showed a modest year-over-year improvement in operating profitability (operating income up ~57.7% YoY) but a meaningful mix and margin shift as gross profit declined to $204 million and gross margin compressed to about 11.9%. Net income benefited from a tax benefit (income tax expense of −$41 million), yielding a net margin of 4.7% and a reported net income of $80 million. QoQ trends remained soft on the top line (revenue down ~8.9% QoQ) while margins showed a similar mix pressure, reflecting ongoing cyclicality in the housing and lumber markets and input-cost dynamics.
Key Performance Indicators
QoQ: -37.23% | YoY:-18.40%
QoQ: -30.90% | YoY:57.69%
QoQ: -8.05% | YoY:185.71%
Key Insights
Revenue: $1.717B in Q3 2025; YoY +2.14%, QoQ −8.86%
Gross Profit: $204.0M; Gross Margin ~11.88%
Operating Income: $123.0M; Operating Margin ~7.16%
EBITDA: $123.0M; EBITDARatio ~7.16%
Net Income: $80.0M; Net Margin ~4.66%
EPS: Not disclosed in the provided data
Liquidity and Leverage: Current ratio 1.23, Quick ratio 0.78, Cash ratio 0.31; Debt-to-capitalization 5.24%; Total debt-to-capitalization 5.24%; Interest coverage ~1.73x (EBIT/Interest)
Efficiency and Returns: Receivables turnover ~4.86x...
Financial Highlights
Revenue: $1.717B in Q3 2025; YoY +2.14%, QoQ −8.86%
Gross Profit: $204.0M; Gross Margin ~11.88%
Operating Income: $123.0M; Operating Margin ~7.16%
EBITDA: $123.0M; EBITDARatio ~7.16%
Net Income: $80.0M; Net Margin ~4.66%
EPS: Not disclosed in the provided data
Liquidity and Leverage: Current ratio 1.23, Quick ratio 0.78, Cash ratio 0.31; Debt-to-capitalization 5.24%; Total debt-to-capitalization 5.24%; Interest coverage ~1.73x (EBIT/Interest)
Efficiency and Returns: Receivables turnover ~4.86x, Inventory turnover ~2.57x, Asset turnover ~0.103x; ROA ~0.48%, ROE ~0.85%, ROCE ~0.80%
Capital Allocation: Payout ratio reported at 1.875x (187.5%), with dividend yield effectively 0% in Q3 2025 per the data; trailing four-quarter revenue aggregate ~$7.07B across 2025 quarters shown
Trailing quarters (4Q2024–Q3 2025) revenue sum: $7.072B
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
1.72B |
2.14% |
-8.86% |
| Gross Profit |
204.00M |
-18.40% |
-37.23% |
| Operating Income |
123.00M |
57.69% |
-30.90% |
| Net Income |
80.00M |
185.71% |
-8.05% |
Key Financial Ratios
operatingProfitMargin
7.16%
dividendPayoutRatio
187.5%
Management Commentary
transcriptHighlights: No earnings call transcript was provided in the dataset; consequently, there are no management quotes or theme analyses available within this report.
Forward Guidance
No explicit forward guidance was provided in the supplied data for QQ3 2025. Given the cyclicality of the timber/wood products market and the housing cycle sensitivity, management commentary (when available) typically emphasizes demand recovery correlated with housing starts, lumber pricing dynamics, and cost discipline. Absent a stated forecast, investors should monitor housing market indicators, timberland utilization, input cost trends, and maintenance of liquidity given the low leverage profile observed in QQ3 2025. Key factors to watch: housing demand trajectory, lumber price stabilization, regulatory and forestry standards implications, and currency effects on export demand if applicable.