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Canadian lumber and wood-products manufacturer producing softwood lumber, oriented strand board panels and pulp, mainly for North American housing markets.
Canadian lumber and wood-products manufacturer producing softwood lumber, oriented strand board panels and pulp, mainly for North American housing markets.
Mills across Western Canada and the southern US turn timber into lumber, OSB panels and pulp, all sold at market prices that move with housing demand. Most sales go to North American builders and distributors. Buying Norbord in 2021 made OSB, a structural wall and roof panel, a second pillar beside lumber.
In one line: Canada's Weyerhaeuser.
Moat: narrow (scale, installed base). Large, diversified North American timberland/mill base gives cost and supply scale in a commodity industry.
Headquarters: Vancouver, Canada · Founded: 1955 · Employees: 9,600
Size West Fraser Timber (WFG.TO) is a Canada Materials company (Forest Products) with a market value of $5.35B, the 115th largest of 420 Canada companies the cockpit tracks. Shares closed at C$95.74 on 6 Nov 2026.
Performance Over six months the shares gained 11.6%, against -7.5% for the median peer and +5.2% for the Canada market (cap-weighted) — 2nd highest of 7 in its peer set.
Growth Revenue fell 7.9% over the last twelve months (peer median +0.6%); the operating margin is -11.3% (peer median 6.7%).
Valuation It trades at 1.1× enterprise value to sales against a peer median of 1.8× (3rd cheapest of 7).
Capital Return on invested capital runs 16.6 points below its cost of capital (9.2% WACC).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$7.35B | C$7.63B | C$8.46B | C$8.71B | C$12.6B |
| Revenue growth | — | -10% | -3% | -31% | — |
| Gross profit | -C$43.8M | -C$44.7M | C$653M | C$451M | C$3.93B |
| EBITDA | -C$79.6M | C$96.4M | C$1.00B | C$733M | C$4.21B |
| Net income | -C$1.50B | -C$1.31B | -C$6.85M | -C$225M | C$2.57B |
| Free cash flow | -C$623M | -C$436M | C$260M | C$95.8M | C$2.24B |
| Capital expenditure | C$486M | C$574M | C$667M | C$644M | C$621M |
| Total debt | C$741M | C$456M | C$329M | C$709M | C$726M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| West Fraser Timber WFG.TO | $5.35B | +12% | -8% | -11% | 1.1× | n/a |
| Weyerhaeuser WY | $15.1B | -10% | -1% | 6% | n/a | n/a |
| Canfor CFP.TO | $1.22B | +17% | +2% | -1% | 0.5× | n/a |
| Interfor IFP.TO | $634M | +42% | -7% | 1% | 0.6× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | WFG.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.1% | +9.0% | 4th highest of 7 |
| 6-month return | +11.6% | -7.5% | 2nd highest of 7 |
| Distance from 52-week high | -9.0% | -29.3% | highest of 7 |
| Revenue growth (TTM) | -7.9% | +0.6% | 3rd lowest of 7 |
| Operating margin | -11.3% | 6.7% | 2nd lowest of 7 |
| EV / Sales | 1.1× | 1.8× | 3rd cheapest of 7 |
| ROIC minus cost of capital | -16.6 pp | +1.1 pp | 2nd lowest of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| West Fraser Timber WFG.TO | Canada | $5.35B | +12% | -8% | -11% | 1.1× | n/a | n/a |
| Louisiana-Pacific LPX | United States | $5.27B | 0% | -12% | 5% | 2.2× | 39.1% | -0.6% |
| Trex TREX | United States | $5.58B | +36% | +9% | 19% | 4.5× | 21.1% | +5.9% |
| UFP Industries UFPI | United States | $4.41B | -5% | -1% | 5% | 0.6× | 9.9% | +4.2% |
| Stella-Jones SJ.TO | Canada | $2.56B | -12% | +2% | 13% | 1.4× | -9.1% | +6.5% |
| Zhongfu Straits (Pingtan) Development 000592.SZ | China | $1.93B | -38% | -29% | -37% | 12.2× | 25.3% | +1.5% |
| Dehua TB New Decoration Material 002043.SZ | China | $1.60B | -10% | +4% | 9% | 0.9× | -1.3% | +6.6% |