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PCH

PotlatchDeltic Corporation

PCH

PotlatchDeltic Corporation • NASDAQ
$40.24 ▲ 0.57% (+0.23)
Market Cap $3.11 B
52w High $48.12
52w Low $36.82
Dividend Yield 1.80%
P/E 49.07
Volume 150.67K
Outstanding Shares 77.29M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $314.179M ▲ $21.991M ▲ $25.893M ▲ 8.241% ▲ $0.33 ▲ $62.299M ▲
Q2-2025 $274.985M ▲ $21.807M ▲ $7.354M ▼ 2.674% ▼ $0.094 ▼ $40.216M ▼
Q1-2025 $268.26M ▲ $20.345M ▼ $25.805M ▲ 9.619% ▲ $0.33 ▲ $52.739M ▲
Q4-2024 $258.147M ▲ $21.33M ▲ $5.194M ▲ 2.012% ▲ $0.066 ▲ $42.031M ▲
Q3-2024 $255.131M $20.403M $3.309M 1.297% $0.042 $33.878M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $88.773M ▼ $3.174B ▼ $1.266B ▲ $1.907B ▼
Q2-2025 $95.277M ▼ $3.185B ▼ $1.263B ▲ $1.922B ▼
Q1-2025 $147.477M ▼ $3.255B ▼ $1.245B ▼ $2.01B ▼
Q4-2024 $151.551M ▼ $3.305B ▼ $1.268B ▲ $2.038B ▼
Q3-2024 $161.131M $3.307B $1.255B $2.052B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $25.893M ▲ $65.66M ▲ $-31.664M ▼ $-36.371M ▲ $-2.375M ▲ $27.738M ▼
Q2-2025 $7.354M ▼ $40.999M ▼ $-554K ▲ $-91.969M ▼ $-51.524M ▼ $33.075M ▼
Q1-2025 $25.805M ▲ $49.051M ▲ $-12.808M ▼ $-40.4M ▲ $-4.157M ▲ $36.937M ▲
Q4-2024 $5.194M ▲ $45.408M ▲ $-9.977M ▲ $-44.837M ▼ $-9.406M ▲ $33.695M ▲
Q3-2024 $3.309M $26.453M $-25.729M $-39.937M $-38.592M $-6.42M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Real Estate Segment
Real Estate Segment
 $40.00M ▲$30.00M ▼$30.00M ▲$30.00M ▲
Timberlands
Timberlands
 $110.00M ▲$100.00M ▼$80.00M ▼$100.00M ▲
Wood Products
Wood Products
 $140.00M ▲$160.00M ▲$160.00M ▲$170.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has come down from the lumber and housing boom years and is now closer to pre‑pandemic levels. The big story is margin compression: a few years ago the company was earning very strong profits on high lumber prices; more recently, profits have fallen sharply, with only modest earnings left after costs. The business is still generating positive income, but the earnings power looks much more cyclical and less impressive than during the peak period. Overall, the income statement shows a company that rode a temporary windfall and is now back to operating in a tougher pricing environment.

Balance Sheet

Balance Sheet The balance sheet looks fairly solid and steady. Total assets and shareholder equity have grown over the last five years, helped by retained profits from the strong years. Debt has remained roughly flat in absolute terms, which means leverage has become more comfortable relative to the size of the asset base, though not relative to today’s lower earnings. Cash on hand is reasonable but not excessive. Overall, the company appears to have a sound asset base and a manageable debt load for a cyclical, asset‑heavy business.

Cash Flow

Cash Flow Cash generation from operations has been consistently positive, though it was much stronger during the boom and has since normalized down. Even in the weaker profit years, operating cash flow has covered investment spending and left room for positive free cash flow, just at a lower level than before. Capital spending has stepped up compared with earlier years, reflecting mill modernization and efficiency projects. In short, cash flows look more than adequate to fund current investments, but they are no longer buoyed by unusually high lumber prices.

Competitive Edge

Competitive Edge PotlatchDeltic’s strength lies in its large, well‑located timberland base, its control of the value chain from forest to mill, and its mix of timber, wood products, and real estate activities. Owning millions of acres of timber creates a high barrier for new entrants and supports long‑term, sustainable harvesting. Vertical integration helps it capture more value when lumber prices are favorable, though it also means more exposure when markets are weak. Real estate development and rural land sales add diversification beyond pure lumber. At the same time, the business remains highly exposed to the housing cycle, lumber price swings, and interest‑rate‑sensitive real estate conditions. The planned merger with Rayonier, if completed and well‑integrated, would further increase scale and reinforce its position among timber REITs.

Innovation and R&D

Innovation and R&D Innovation here is practical and operational rather than flashy. The company uses data, mapping tools, drones, and long‑range planning models to get more timber growth and better forest health from its land. Decades of work on improved seedlings support productivity and resilience. On the manufacturing side, it is investing heavily in modern, automated mills that use sensors, software, and AI‑style optimization to cut costs and raise output. It also differentiates itself with specialty wood products and premium plywood for demanding uses. Looking ahead, management is exploring newer areas like solar leases, mineral rights, and carbon‑related opportunities, which could create additional value streams from the same land base. These efforts suggest a focus on continuous improvement and new monetization angles rather than transformative R&D.

Summary

PotlatchDeltic today looks like a solid but cyclical timber and land company coming off an exceptional earnings peak. Profitability has fallen back to more normal levels, but the balance sheet remains healthy and cash flow continues to fund investments and dividends. Its competitive edge comes from owning large, sustainably managed timberlands, controlling key parts of the value chain, and layering on real estate and specialty product niches. Ongoing mill upgrades, data‑driven forestry, and potential climate and renewable projects show a willingness to adapt and modernize. The main uncertainties are tied to lumber prices, housing demand, interest rates, and execution on major projects and the Rayonier merger. Overall, it is a mature, asset‑rich business focused on optimizing and extending the value of its land over the long term.

NEWS

November 3, 2025 · 4:10 PM UTC

PotlatchDeltic Corporation Reports Third Quarter 2025 Results

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October 30, 2025 · 8:56 AM UTC

Appia Announces Engagement of Marketing Firm ShareholdersIPR LLC, Update for PCH Transaction, and Acceleration of 2025 Warrants

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October 22, 2025 · 7:30 AM UTC

Appia Begins Diamond Drilling to Extend and Delineate the Highgrade Mineralization at PCH Target IV in Goias State, Brazil and Announces Acceleration of 2024 Warrants

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October 17, 2025 · 3:17 PM UTC

PotlatchDeltic Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of PotlatchDeltic Corporation - PCH

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October 14, 2025 · 5:30 PM UTC

SHAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of PotlatchDeltic Corporation (NASDAQ: PCH)

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