Weyerhaeuser Company stock research
FY2025 Q3
Weyerhaeuser (WY) Gross Margin — Quarter Ended Sep 30, 2025
Revenue decreased from the prior quarter and was unchanged from a year ago. Gross profit and gross margin both declined compared to both periods, as cost of revenue did not decrease proportionally.
Gross margin takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue decreased from the prior quarter and was unchanged from a year ago. Gross profit and gross margin both declined compared to both periods, as cost of revenue did not decrease proportionally.
- The primary observable driver is the relationship between cost of revenue and revenue. Sequentially, cost of revenue fell less than revenue, and year-over-year cost of revenue rose while revenue held steady, compressing margins.
- Compared to the prior quarter, revenue, gross profit, and gross margin were all lower. Compared to the same quarter last year, revenue was stable, but gross profit and gross margin were lower due to higher cost of revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
11.9%
Gross profit
$204.0M
Revenue
$1.7B
Cost of revenue
$1.5B
Quarter-over-quarter change
-5.4 pts
Year-over-year change
-3.0 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Dec 31, 2024 | $1.7B | $304.0M | $1.4B | 17.8% |
| Mar 31, 2025 | $1.8B | $335.0M | $1.4B | 19.0% |
| Jun 30, 2025 | $1.9B | $325.0M | $1.6B | 17.3% |
| Sep 30, 2025 | $1.7B | $204.0M | $1.5B | 11.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2025
-5.4 pts
Year-over-year change
Sep 30, 2024
-3.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The primary observable driver is the relationship between cost of revenue and revenue. Sequentially, cost of revenue fell less than revenue, and year-over-year cost of revenue rose while revenue held steady, compressing margins.
Compared to the prior quarter, revenue, gross profit, and gross margin were all lower. Compared to the same quarter last year, revenue was stable, but gross profit and gross margin were lower due to higher cost of revenue.
Monitor the trend in cost of revenue relative to revenue, as it has been the key factor in margin changes.