CareTrust REIT vs Rayonier
Add, change or remove companies; up to four.
The short version
- Rayonier is the larger business, with $485M of revenue in fiscal 2025 against $476M for CareTrust REIT.
- CareTrust REIT grew revenue faster (60.8%, against −51.0%).
- CareTrust REIT earned a higher return on the capital invested in it (9.3%, against 3.4%).
| Latest fiscal year | CTRE · FY25 | RYN · FY25 |
|---|---|---|
| Size | ||
| Market cap | $8.6B | $4.8B |
| Revenue | $476M | $485M |
| Free cash flow | — | — |
| Net income | $321M | $474M |
| Growth | ||
| Revenue growth | 60.8% | −51.0% |
| 5-year growth | 21.7% | −10.8% |
| Share count change | 31.5% | 4.4% |
| Profitability | ||
| Gross margin | — | 32.5% |
| Operating margin | — | 17.2% |
| Net margin | 67.3% | 97.9% |
| FCF margin | — | — |
| Return on capital | 9.3% | 3.4% |
| Return on equity | 9.2% | 23.8% |
| Balance sheet | ||
| Net debt | $696M | $202M |
| Net debt / EBITDA | 1.5x | — |
| Dividends and buybacks | $259M | $295M |
| Valuation & quality | ||
| P/E | 22.9x | — |
| Piotroski F-score | — | 4 |
Revenue
FY16
CTRE $105M
RYN $816M
FY17
CTRE $133M
RYN $820M
FY18
CTRE $157M
RYN $816M
FY19
CTRE $163M
RYN $712M
FY20
CTRE $178M
RYN $859M
FY21
CTRE $192M
RYN $1.1B
FY22
CTRE $196M
RYN $909M
FY23
CTRE $218M
RYN $788M
FY24
CTRE $296M
RYN $988M
FY25
CTRE $476M
RYN $485M
CTRE
RYN
Operating margin
FY16
CTRE —
RYN 31.4%
FY17
CTRE —
RYN 26.3%
FY18
CTRE —
RYN 20.8%
FY19
CTRE —
RYN 15.0%
FY20
CTRE —
RYN 8.7%
FY21
CTRE —
RYN 24.3%
FY22
CTRE —
RYN 18.2%
FY23
CTRE —
RYN 23.4%
FY24
CTRE —
RYN 36.9%
FY25
CTRE —
RYN 17.2%
CTRE
RYN
Free cash flow
FY16
CTRE $64.3M
RYN $145M
FY17
CTRE $88.4M
RYN $191M
FY18
CTRE $97.6M
RYN $248M
FY19
CTRE $123M
RYN $150M
FY20
CTRE —
RYN $138M
FY21
CTRE —
RYN $249M
FY22
CTRE —
RYN $194M
FY23
CTRE —
RYN $203M
FY24
CTRE —
RYN $159M
FY25
CTRE —
RYN —
CTRE
RYN
Return on capital
FY16
CTRE —
RYN 10.8%
FY17
CTRE —
RYN 7.5%
FY18
CTRE —
RYN 5.5%
FY19
CTRE —
RYN 3.6%
FY20
CTRE —
RYN —
FY21
CTRE —
RYN —
FY22
CTRE —
RYN 5.1%
FY23
CTRE 5.8%
RYN 5.8%
FY24
CTRE 6.4%
RYN 13.1%
FY25
CTRE 9.3%
RYN 3.4%
CTRE
RYN
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.