WEYERHAEUSER CO

For the period ended Dec 31, 2025. Filed Feb 13, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 13, 2026

WY$21.13+0.7%Stored close · as of Nov 9, 2026

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Contents

NET EARNINGS PER SHARE

NOTE 5: NET EARNINGS PER SHARE

Our basic and diluted earnings per share for the last three years were:

	$0.45 in 2025,
	$0.54 in 2024 and
	$1.15 in 2023.

HOW WE CALCULATE BASIC AND DILUTED NET EARNINGS PER SHARE

Basic earnings per share is net earnings available to common shareholders divided by the weighted average number of our outstanding common shares, including stock equivalent units where there is no circumstance under which those shares would not be issued.

Diluted earnings per share is net earnings available to common shareholders divided by the sum of the:

	weighted average number of our outstanding common shares and
	the effect of our outstanding dilutive potential common shares.

Dilutive potential common shares may include:

	outstanding stock options,
	restricted stock units and
	performance share units.

Calculation of Weighted Average Number of Outstanding Common Shares – Dilutive

SHARES IN THOUSANDS
	2025	2024	2023
Weighted average number of outstanding shares — basic	723,162	728,398	731,654
Dilutive potential common shares:
Stock options	34	109	132
Restricted stock units	150	294	201
Performance share units	221	156	235
Total effect of outstanding dilutive potential common shares	405	559	568
Weighted average number of outstanding common shares — dilutive	723,567	728,957	732,222

We use the treasury stock method to calculate the dilutive effect of our outstanding stock options, restricted stock units and performance share units. Share-based payment awards that are contingently issuable upon the achievement of specified performance or market conditions are included in our diluted earnings per share calculation in the period in which the conditions are satisfied.

SHARES EXCLUDED FROM DILUTIVE EFFECT

The following shares were not included in the computation of diluted earnings per share because they were either antidilutive or the required performance or market conditions were not met. Some or all of these shares may be dilutive potential common shares in future periods.

Potential Shares Not Included in the Computation of Diluted Earnings per Share

SHARES IN THOUSANDS
	2025	2024	2023
Stock options	—	607	609
Performance share units	833	947	706

WEYERHAEUSER COMPANY >2025 ANNUAL REPORT AND FORM 10-K 81

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.