Thermogravimetry has been widely applied to the study of wood and cellulose materials. There is a general agreement that decomposition of hemicellulose, cellulose, and ligning take place in a relatively narrow range of temperature, partially overlapping. There is no a definitive demonstration of which thermal feature corresponds to each component. In this study, three hardwood and two softwood species were considered: Castannea sativa, Eucaliptus globulus, Quercus robur, Pinus pinaster, and Pinus sylvestris. Thermogravimetric analysis of wood powder, ethanol-extracted wood, holocellulose, and lignin, obtained from those species revealed some important differences between hardwood and softwood holocelluloses and an important role of the ethanol-extractives, which explain the different behavior observed in both kinds of wood. FTIR spectra obtained from the evolved gases helped to clarify some degradation steps.