West Fraser Timber Co. Ltd.
TSX:WFG.TO · Toronto Stock Exchange
+$0.58 today
Vol 0.23M · Avg 0.16M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
TSX:WFG.TO · Revenue to Net Income
Key Ratios
Analysis
$6.3B of revenue converted into -$1.5B of net income for the selected period. Gross margin is 3.2% and net margin is -23.9%, showing how much revenue survives after costs and taxes. EPS is $-18.60, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.5B -35.4% | $8.5B +31.4% | $6.4B -34.2% | $9.8B -6.2% | $10.4B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $4.2B -46.4% | $7.8B +67.0% | $4.7B -9.9% | $5.2B +12.6% | $4.6B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $1.3B +95.6% | $653.5M -63.0% | $1.8B -61.6% | $4.6B -21.0% | $5.8B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 23.4% +15.7pp | 7.7% -19.7pp | 27.4% -19.6pp | 47.0% -8.8pp | 55.8% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $1.0B +154.5% | $405.5M -66.8% | $1.2B -9.6% | $1.4B +13.0% | $1.2B | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $2.5B +507.9% | $405.5M -80.2% | $2.0B +1.5% | $2.0B +5.6% | $1.9B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $544.0M -27.7% | $752.1M +39.4% | $539.7M -9.2% | $594.3M +2.6% | $579.1M | $374.2M | $1.2B | $631.8M |
| EBITDA | -$608.0M -173.3% | $828.9M +55.0% | $534.7M -83.5% | $3.2B -27.9% | $4.5B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | -11.1% -20.9pp | 9.8% +1.5pp | 8.3% -24.7pp | 33.0% -10.0pp | 43.0% | 5.6% | 46.3% | 42.0% |
| Operating Income | -$1.2B -578.7% | $248.0M +187.5% | -$283.3M -111.0% | $2.6B -34.0% | $3.9B | $12.3B | $14.0B | -$15.7B |
| Operating Margin | -21.7% -24.7pp | 2.9% +7.3pp | -4.4% -30.8pp | 26.4% -11.1pp | 37.5% | 16.6% | 24.1% | 22.0% |
| Interest Income | $24.0M -60.0% | $60.0M -20.2% | $75.2M +187.1% | $26.2M +142.2% | $10.8M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $19.0M -23.2% | $24.8M +1.5% | $24.4M +4.7% | $23.3M -50.7% | $47.2M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $16.0M +108.2% | -$195.9M -450.7% | $55.9M +62.8% | $34.3M +173.6% | -$46.6M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | -$1.2B -2349.4% | $52.1M +122.9% | -$227.5M -108.7% | $2.6B -32.3% | $3.9B | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | -21.4% -22.1pp | 0.6% +4.1pp | -3.5% -30.3pp | 26.7% -10.3pp | 37.1% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | -$233.0M -495.5% | $58.9M +196.8% | -$60.9M -109.8% | $623.6M -33.9% | $943.1M | $1.3B | -$1.6B | $745.2M |
| Net Income | -$937.0M -13579.2% | -$6.8M +95.9% | -$166.6M -108.4% | $2.0B -31.8% | $2.9B | $4.9B | $4.8B | $4.7B |
| Net Margin | -17.2% -17.1pp | -0.1% +2.5pp | -2.6% -22.9pp | 20.4% -7.7pp | 28.0% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | -$12 -19107.1% | -$0 +96.9% | -$2 -109.4% | $21 -20.7% | $27 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | -$12 -17157.1% | -$0 +96.5% | -$2 -109.5% | $21 -21.5% | $27 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $79.0M -2.3% | $80.9M -2.8% | $83.2M -11.3% | $93.8M -14.0% | $109.0M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $79.2M -2.4% | $81.1M -2.5% | $83.2M -11.7% | $94.2M -13.6% | $109.0M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
G Mining Ventures Corp.
TSX:GMIN.TO
$10.52B
Eldorado Gold Corporation
TSX:ELD.TO
$9.85B
New Gold Inc.
NGD.TO
$9.63B
SSR Mining Inc.
TSX:SSRM.TO
$9.57B
OceanaGold Corporation
TSX:OGC.TO
$8.87B
Perseus Mining Limited
TSX:PRU.TO
$7.27B
NGEx Minerals Ltd.
TSX:NGEX.TO
$5.96B
NovaGold Resources Inc.
TSX:NG.TO
$5.14B
Stella-Jones Inc.
TSX:SJ.TO
$4.48B
Canfor Corporation
TSX:CFP.TO
$1.67B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does WFG.TO generate?
West Fraser Timber Co. Ltd. (WFG.TO) reported $5.46B of revenue in fiscal 2025.
Is WFG.TO profitable?
West Fraser Timber Co. Ltd. (WFG.TO) reported -$937,000,000.00 of net income, with a net margin of -17.2%.
Explore More
Continue the stock analysis
Jump to another research area for this company.