West Fraser Timber
Produces lumber, engineered wood, and pulp products across North America and Europe.
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Profile
Revenue comes from lumber, North American engineered wood, pulp and paper, and European engineered wood products. The Norbord acquisition made OSB and European operations central to the portfolio.
Produces lumber alongside North American engineered wood products—OSB, LVL, MDF, plywood, and particleboard—and also operates pulp and paper and European engineered wood businesses.
Canadian operations remain central, while a long expansion in the U.S. South and the Norbord acquisition built a footprint spanning Canada, the United States, the United Kingdom, and Europe. The company has grown through mills and timber-linked assets, then refocused its portfolio around wood products.
Low-cost operations, reinvestment, safe operations, and stewardship of renewable forest resources are stated operating priorities. Canadian softwood-lumber trade disputes and related countervailing and antidumping duties shape the business.
Company facts
Categories
Key statistics
Year to date +8.0% · Average volume (30d) 225.1K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| May 1, 2026 | TD Securities | Target | $88 | $86 | |
| Apr 16, 2026 | RBC Capital | Target | $85 | $81 | |
| Jan 14, 2026 | Raymond James | Target | $75 | ||
| Dec 18, 2025 | RBC Capital | Target | $99 | $85 | |
| Oct 24, 2025 | TD Securities | Reiterate | Buy | $96 | $88 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | −$0.70 | −$0.78 | −11.1% | $1.45B | $1.43B | −1.4% | −4.25% |
| Apr 29, 2026Q1 FY26 | −$1.23 | −$2.40 | −95.1% | $1.32B | $1.33B | +1.4% | +0.30% |
| Feb 11, 2026Q4 FY25 | −$2.37 | −$2.42 | −2.0% | $1.19B | $1.17B | −2.3% | −1.78% |
| Oct 22, 2025Q3 FY25 | −$1.72 | −$2.63 | −52.9% | $1.18B | $1.29B | +9.8% | −1.76% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.46B | $1.56B | $1.29B | $1.18B | $956.6M | $1.40B | |
| Gross profit | $478.0M | $41.7M | −$122.6M | −$107.5M | $247.4M | $32.2M | |
| Operating income | $64.0M | −$44.7M | −$185.9M | −$222.2M | −$150.6M | −$77.0M | |
| Net income | $42.0M | −$24.4M | −$201.7M | −$761.9M | −$134.8M | −$59.5M | |
| Diluted EPS | $0.52 | −$0.31 | −$2.56 | −$9.73 | −$1.72 | −$0.76 | |
| Gross margin | 32.8% | 2.7% | -9.5% | -9.1% | 25.9% | 2.3% | |
| Operating margin | 4.4% | -2.9% | -14.4% | -18.8% | -15.7% | -5.5% |
Fiscal years (4-quarter sums)FY21 $10.52B · FY22 $10.27B · FY23 $6.45B · FY24 $6.17B · FY25 $5.49B
Balance sheet, Jun 30, 2026Cash & short-term investments $73.9M · Total debt $379.5M · Total assets $7.43B · Shareholders' equity $5.56B
Dividends
Raised for 5 straight years — most recently to $0.32 from $0.30 in Jun 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 25, 2026 | Jun 25 | Jul 13 | $0.32 | |
| Mar 13, 2026 | Mar 13 | Apr 2 | $0.32 | |
| Dec 29, 2025 | Dec 29 | Jan 14 | $0.32 | |
| Sep 25, 2025 | Sep 25 | Oct 14 | $0.32 | |
| Jun 26, 2025 | Jun 26 | Jul 14 | $0.32 | |
| Mar 14, 2025 | Mar 14 | Apr 3 | $0.32 | |
| Dec 27, 2024 | Dec 27 | Jan 14 | $0.32 | |
| Sep 26, 2024 | Sep 26 | Oct 11 | $0.32 |
Ownership
Shares outstanding 76.02M · Float 51.43M · 67.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| FIL Ltd | 8.73M | 11.49% | 13F | May 15, 2026 |
| Price T Rowe Associates Inc /MD/ | 3.69M | 4.86% | 13F | May 15, 2026 |
| Royal Bank of Canada | 3.45M | 4.54% | 13F | May 15, 2026 |
| Mackenzie Financial Corp | 1.79M | 2.35% | 13F | May 13, 2026 |
| 1832 Asset Management L.P. | 1.76M | 2.31% | 13F | May 14, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Weyerhaeuser
U.S. timberlands and wood products across lumber and OSB
- Louisiana-Pacific
North American OSB structural panels and value-added sheathing
- Rayonier
U.S. timberlands, six sawmills, and industrial plywood
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| West Fraser Timber | $67.67 | −0.25% | $5.14B | — | 3,768.9 | 0.9 | −7.9% |
| Weyerhaeuser | $23.70 | +0.23% | $17.05B | 35.8 | 56.4 | 2.5 | −0.9% |
| Louisiana-Pacific | $71.26 | +0.03% | $4.98B | 90.2 | 40.3 | 2.0 | −12.1% |
| Rayonier | $20.42 | +0.22% | $3.15B | 42.2 | 34.7 | 3.3 | +272.3% |
| Median | 42.2 | 40.3 | 2.5 | −0.9% |