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Side-by-side financial comparison of RAYONIER ADVANCED MATERIALS INC. (RYAM) and SAIA INC (SAIA). Click either name above to swap in a different company.

SAIA INC is the larger business by last-quarter revenue ($790.0M vs $417.5M, roughly 1.9× RAYONIER ADVANCED MATERIALS INC.). SAIA INC runs the higher net margin — 6.0% vs -5.0%, a 11.1% gap on every dollar of revenue. On growth, SAIA INC posted the faster year-over-year revenue change (0.1% vs -1.2%). Over the past eight quarters, RAYONIER ADVANCED MATERIALS INC.'s revenue compounded faster (3.8% CAGR vs 2.3%).

Rayonier Advanced Materials recently rebranded as RYAM. RYAM is an American company recognized globally for its cellulose-based technologies. Specializing in high-purity cellulose specialties, RYAM produces natural polymers extensively used in manufacturing filters, food, pharmaceuticals, and various industrial applications. Additionally, the company produces products for the paper and packaging industries. The company is publicly traded on the New York Stock Exchange under the ticker symbol ...

Saia is an American less than truckload (LTL) trucking company that originated in Houma, Louisiana, in 1924. With original operation occurring in Louisiana and Texas for the first fifty years, expansion came after 1980 when coverage began reaching into more states in the South. Further expansion happened through mergers with other companies, which allowed Saia to provide service for thirty six states. Saia ranks in the top ten of LTL carriers in the United States, with revenues of over $1.8 b...

RYAM vs SAIA — Head-to-Head

Bigger by revenue
SAIA
SAIA
1.9× larger
SAIA
$790.0M
$417.5M
RYAM
Growing faster (revenue YoY)
SAIA
SAIA
+1.3% gap
SAIA
0.1%
-1.2%
RYAM
Higher net margin
SAIA
SAIA
11.1% more per $
SAIA
6.0%
-5.0%
RYAM
Faster 2-yr revenue CAGR
RYAM
RYAM
Annualised
RYAM
3.8%
2.3%
SAIA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RYAM
RYAM
SAIA
SAIA
Revenue
$417.5M
$790.0M
Net Profit
$-21.1M
$47.5M
Gross Margin
8.9%
Operating Margin
2.6%
8.1%
Net Margin
-5.0%
6.0%
Revenue YoY
-1.2%
0.1%
Net Profit YoY
-31.9%
-37.6%
EPS (diluted)
$-0.33
$1.77

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
RYAM
RYAM
SAIA
SAIA
Q4 25
$417.5M
$790.0M
Q3 25
$352.8M
$839.6M
Q2 25
$340.0M
$817.1M
Q1 25
$356.0M
$787.6M
Q4 24
$422.5M
$789.0M
Q3 24
$401.1M
$842.1M
Q2 24
$419.0M
$823.2M
Q1 24
$387.7M
$754.8M
Net Profit
RYAM
RYAM
SAIA
SAIA
Q4 25
$-21.1M
$47.5M
Q3 25
$-4.5M
$86.3M
Q2 25
$-363.2M
$71.4M
Q1 25
$-32.0M
$49.8M
Q4 24
$-16.0M
$76.1M
Q3 24
$-32.6M
$92.7M
Q2 24
$11.4M
$102.5M
Q1 24
$-1.6M
$90.7M
Gross Margin
RYAM
RYAM
SAIA
SAIA
Q4 25
8.9%
Q3 25
9.7%
Q2 25
7.0%
Q1 25
6.8%
Q4 24
8.7%
Q3 24
10.9%
Q2 24
11.5%
Q1 24
9.5%
Operating Margin
RYAM
RYAM
SAIA
SAIA
Q4 25
2.6%
8.1%
Q3 25
2.8%
14.1%
Q2 25
-0.4%
12.2%
Q1 25
-4.2%
8.9%
Q4 24
2.6%
12.9%
Q3 24
-4.2%
14.9%
Q2 24
6.7%
16.7%
Q1 24
4.4%
15.6%
Net Margin
RYAM
RYAM
SAIA
SAIA
Q4 25
-5.0%
6.0%
Q3 25
-1.3%
10.3%
Q2 25
-106.8%
8.7%
Q1 25
-9.0%
6.3%
Q4 24
-3.8%
9.6%
Q3 24
-8.1%
11.0%
Q2 24
2.7%
12.5%
Q1 24
-0.4%
12.0%
EPS (diluted)
RYAM
RYAM
SAIA
SAIA
Q4 25
$-0.33
$1.77
Q3 25
$-0.07
$3.22
Q2 25
$-5.44
$2.67
Q1 25
$-0.49
$1.86
Q4 24
$-0.25
$2.84
Q3 24
$-0.49
$3.46
Q2 24
$0.17
$3.83
Q1 24
$-0.02
$3.38

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
RYAM
RYAM
SAIA
SAIA
Cash + ST InvestmentsLiquidity on hand
$75.4M
$19.7M
Total DebtLower is stronger
$758.1M
$163.0M
Stockholders' EquityBook value
$316.6M
$2.6B
Total Assets
$1.8B
$3.5B
Debt / EquityLower = less leverage
2.39×
0.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RYAM
RYAM
SAIA
SAIA
Q4 25
$75.4M
$19.7M
Q3 25
$77.0M
$35.5M
Q2 25
$70.7M
$18.8M
Q1 25
$129.9M
$16.5M
Q4 24
$125.2M
$19.5M
Q3 24
$136.1M
$14.4M
Q2 24
$114.1M
$11.2M
Q1 24
$54.6M
$12.3M
Total Debt
RYAM
RYAM
SAIA
SAIA
Q4 25
$758.1M
$163.0M
Q3 25
$763.5M
$218.0M
Q2 25
$720.4M
$307.1M
Q1 25
$707.0M
$291.8M
Q4 24
$706.4M
$195.0M
Q3 24
$747.7M
$184.2M
Q2 24
$752.8M
$169.1M
Q1 24
$755.6M
$76.6M
Stockholders' Equity
RYAM
RYAM
SAIA
SAIA
Q4 25
$316.6M
$2.6B
Q3 25
$338.2M
$2.5B
Q2 25
$342.3M
$2.4B
Q1 25
$688.1M
$2.4B
Q4 24
$713.9M
$2.3B
Q3 24
$732.7M
$2.2B
Q2 24
$755.1M
$2.1B
Q1 24
$741.8M
$2.0B
Total Assets
RYAM
RYAM
SAIA
SAIA
Q4 25
$1.8B
$3.5B
Q3 25
$1.8B
$3.5B
Q2 25
$1.8B
$3.5B
Q1 25
$2.1B
$3.4B
Q4 24
$2.1B
$3.2B
Q3 24
$2.2B
$3.1B
Q2 24
$2.2B
$3.0B
Q1 24
$2.1B
$2.8B
Debt / Equity
RYAM
RYAM
SAIA
SAIA
Q4 25
2.39×
0.06×
Q3 25
2.26×
0.09×
Q2 25
2.10×
0.13×
Q1 25
1.03×
0.12×
Q4 24
0.99×
0.08×
Q3 24
1.02×
0.08×
Q2 24
1.00×
0.08×
Q1 24
1.02×
0.04×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
RYAM
RYAM
SAIA
SAIA
Operating Cash FlowLast quarter
$32.3M
$137.3M
Free Cash FlowOCF − Capex
$37.5M
FCF MarginFCF / Revenue
4.7%
Capex IntensityCapex / Revenue
12.6%
Cash ConversionOCF / Net Profit
2.89×
TTM Free Cash FlowTrailing 4 quarters
$27.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RYAM
RYAM
SAIA
SAIA
Q4 25
$32.3M
$137.3M
Q3 25
$-17.8M
$177.8M
Q2 25
$-30.2M
$170.7M
Q1 25
$39.6M
$109.1M
Q4 24
$54.9M
$164.7M
Q3 24
$49.8M
$181.7M
Q2 24
$87.6M
$130.8M
Q1 24
$11.3M
$106.5M
Free Cash Flow
RYAM
RYAM
SAIA
SAIA
Q4 25
$37.5M
Q3 25
$87.6M
Q2 25
$-3.9M
Q1 25
$-93.8M
Q4 24
$-3.5M
Q3 24
$-11.7M
Q2 24
$-94.0M
Q1 24
$-350.7M
FCF Margin
RYAM
RYAM
SAIA
SAIA
Q4 25
4.7%
Q3 25
10.4%
Q2 25
-0.5%
Q1 25
-11.9%
Q4 24
-0.4%
Q3 24
-1.4%
Q2 24
-11.4%
Q1 24
-46.5%
Capex Intensity
RYAM
RYAM
SAIA
SAIA
Q4 25
12.6%
Q3 25
10.8%
Q2 25
21.4%
Q1 25
25.8%
Q4 24
21.3%
Q3 24
23.0%
Q2 24
27.3%
Q1 24
60.6%
Cash Conversion
RYAM
RYAM
SAIA
SAIA
Q4 25
2.89×
Q3 25
2.06×
Q2 25
2.39×
Q1 25
2.19×
Q4 24
2.16×
Q3 24
1.96×
Q2 24
7.69×
1.28×
Q1 24
1.17×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

RYAM
RYAM

Cellulose Specialties$249.6M60%
Other$86.2M21%
Paperboard$44.2M11%
High Yield Pulp$28.3M7%
Biomaterials$9.2M2%

SAIA
SAIA

Segment breakdown not available.

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