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Side-by-side financial comparison of RAYONIER ADVANCED MATERIALS INC. (RYAM) and Sun Country Airlines Holdings, Inc. (SNCY). Click either name above to swap in a different company.

RAYONIER ADVANCED MATERIALS INC. is the larger business by last-quarter revenue ($417.5M vs $281.0M, roughly 1.5× Sun Country Airlines Holdings, Inc.). Sun Country Airlines Holdings, Inc. runs the higher net margin — 2.9% vs -5.0%, a 7.9% gap on every dollar of revenue. On growth, Sun Country Airlines Holdings, Inc. posted the faster year-over-year revenue change (7.9% vs -1.2%). Over the past eight quarters, RAYONIER ADVANCED MATERIALS INC.'s revenue compounded faster (3.8% CAGR vs -5.0%).

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 ...

Frontier Airlines, Inc. is a major American ultra low-cost airline headquartered in Denver, Colorado. It operates flights to over 120 destinations in the United States, the Caribbean, Mexico and Central America, and employs more than 5,000 staff. The carrier is a publicly traded company and maintains bases at Denver International Airport, Orlando International Airport, and eleven other cities across the contiguous United States and Puerto Rico.

RYAM vs SNCY — Head-to-Head

Bigger by revenue
RYAM
RYAM
1.5× larger
RYAM
$417.5M
$281.0M
SNCY
Growing faster (revenue YoY)
SNCY
SNCY
+9.1% gap
SNCY
7.9%
-1.2%
RYAM
Higher net margin
SNCY
SNCY
7.9% more per $
SNCY
2.9%
-5.0%
RYAM
Faster 2-yr revenue CAGR
RYAM
RYAM
Annualised
RYAM
3.8%
-5.0%
SNCY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RYAM
RYAM
SNCY
SNCY
Revenue
$417.5M
$281.0M
Net Profit
$-21.1M
$8.1M
Gross Margin
8.9%
Operating Margin
2.6%
6.5%
Net Margin
-5.0%
2.9%
Revenue YoY
-1.2%
7.9%
Net Profit YoY
-31.9%
-39.4%
EPS (diluted)
$-0.33
$0.15

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
SNCY
SNCY
Q4 25
$417.5M
$281.0M
Q3 25
$352.8M
$255.5M
Q2 25
$340.0M
$263.6M
Q1 25
$356.0M
$326.6M
Q4 24
$422.5M
$260.4M
Q3 24
$401.1M
$249.5M
Q2 24
$419.0M
$254.4M
Q1 24
$387.7M
$311.5M
Net Profit
RYAM
RYAM
SNCY
SNCY
Q4 25
$-21.1M
$8.1M
Q3 25
$-4.5M
$1.6M
Q2 25
$-363.2M
$6.6M
Q1 25
$-32.0M
$36.5M
Q4 24
$-16.0M
$13.4M
Q3 24
$-32.6M
$2.3M
Q2 24
$11.4M
$1.8M
Q1 24
$-1.6M
$35.3M
Gross Margin
RYAM
RYAM
SNCY
SNCY
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
SNCY
SNCY
Q4 25
2.6%
6.5%
Q3 25
2.8%
3.9%
Q2 25
-0.4%
6.2%
Q1 25
-4.2%
17.2%
Q4 24
2.6%
10.0%
Q3 24
-4.2%
5.0%
Q2 24
6.7%
4.9%
Q1 24
4.4%
17.7%
Net Margin
RYAM
RYAM
SNCY
SNCY
Q4 25
-5.0%
2.9%
Q3 25
-1.3%
0.6%
Q2 25
-106.8%
2.5%
Q1 25
-9.0%
11.2%
Q4 24
-3.8%
5.2%
Q3 24
-8.1%
0.9%
Q2 24
2.7%
0.7%
Q1 24
-0.4%
11.3%
EPS (diluted)
RYAM
RYAM
SNCY
SNCY
Q4 25
$-0.33
$0.15
Q3 25
$-0.07
$0.03
Q2 25
$-5.44
$0.12
Q1 25
$-0.49
$0.66
Q4 24
$-0.25
$0.25
Q3 24
$-0.49
$0.04
Q2 24
$0.17
$0.03
Q1 24
$-0.02
$0.64

Balance Sheet & Financial Strength

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

Metric
RYAM
RYAM
SNCY
SNCY
Cash + ST InvestmentsLiquidity on hand
$75.4M
$234.3M
Total DebtLower is stronger
$758.1M
$323.3M
Stockholders' EquityBook value
$316.6M
$625.2M
Total Assets
$1.8B
$1.7B
Debt / EquityLower = less leverage
2.39×
0.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RYAM
RYAM
SNCY
SNCY
Q4 25
$75.4M
$234.3M
Q3 25
$77.0M
$176.2M
Q2 25
$70.7M
$138.3M
Q1 25
$129.9M
$158.8M
Q4 24
$125.2M
$187.3M
Q3 24
$136.1M
$146.5M
Q2 24
$114.1M
$135.2M
Q1 24
$54.6M
$161.2M
Total Debt
RYAM
RYAM
SNCY
SNCY
Q4 25
$758.1M
$323.3M
Q3 25
$763.5M
$301.3M
Q2 25
$720.4M
$282.1M
Q1 25
$707.0M
$312.6M
Q4 24
$706.4M
$327.1M
Q3 24
$747.7M
$351.8M
Q2 24
$752.8M
$365.5M
Q1 24
$755.6M
$388.1M
Stockholders' Equity
RYAM
RYAM
SNCY
SNCY
Q4 25
$316.6M
$625.2M
Q3 25
$338.2M
$610.2M
Q2 25
$342.3M
$613.0M
Q1 25
$688.1M
$603.0M
Q4 24
$713.9M
$570.4M
Q3 24
$732.7M
$552.5M
Q2 24
$755.1M
$546.9M
Q1 24
$741.8M
$541.0M
Total Assets
RYAM
RYAM
SNCY
SNCY
Q4 25
$1.8B
$1.7B
Q3 25
$1.8B
$1.6B
Q2 25
$1.8B
$1.6B
Q1 25
$2.1B
$1.6B
Q4 24
$2.1B
$1.6B
Q3 24
$2.2B
$1.6B
Q2 24
$2.2B
$1.6B
Q1 24
$2.1B
$1.6B
Debt / Equity
RYAM
RYAM
SNCY
SNCY
Q4 25
2.39×
0.52×
Q3 25
2.26×
0.49×
Q2 25
2.10×
0.46×
Q1 25
1.03×
0.52×
Q4 24
0.99×
0.57×
Q3 24
1.02×
0.64×
Q2 24
1.00×
0.67×
Q1 24
1.02×
0.72×

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
SNCY
SNCY
Operating Cash FlowLast quarter
$32.3M
$78.9M
Free Cash FlowOCF − Capex
$34.9M
FCF MarginFCF / Revenue
12.4%
Capex IntensityCapex / Revenue
15.7%
Cash ConversionOCF / Net Profit
9.69×
TTM Free Cash FlowTrailing 4 quarters
$84.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RYAM
RYAM
SNCY
SNCY
Q4 25
$32.3M
$78.9M
Q3 25
$-17.8M
$41.9M
Q2 25
$-30.2M
$19.8M
Q1 25
$39.6M
$16.4M
Q4 24
$54.9M
$90.6M
Q3 24
$49.8M
$35.4M
Q2 24
$87.6M
$8.2M
Q1 24
$11.3M
$30.7M
Free Cash Flow
RYAM
RYAM
SNCY
SNCY
Q4 25
$34.9M
Q3 25
$34.0M
Q2 25
$14.0M
Q1 25
$1.0M
Q4 24
$85.8M
Q3 24
$31.0M
Q2 24
$-382.0K
Q1 24
$1.0M
FCF Margin
RYAM
RYAM
SNCY
SNCY
Q4 25
12.4%
Q3 25
13.3%
Q2 25
5.3%
Q1 25
0.3%
Q4 24
33.0%
Q3 24
12.4%
Q2 24
-0.2%
Q1 24
0.3%
Capex Intensity
RYAM
RYAM
SNCY
SNCY
Q4 25
15.7%
Q3 25
3.1%
Q2 25
2.2%
Q1 25
4.7%
Q4 24
1.8%
Q3 24
1.8%
Q2 24
3.4%
Q1 24
9.5%
Cash Conversion
RYAM
RYAM
SNCY
SNCY
Q4 25
9.69×
Q3 25
27.03×
Q2 25
3.01×
Q1 25
0.45×
Q4 24
6.74×
Q3 24
15.13×
Q2 24
7.69×
4.50×
Q1 24
0.87×

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%

SNCY
SNCY

Scheduled Service$95.6M34%
Ancillary$69.3M25%
Charter Service$56.6M20%
Cargo And Freight$48.0M17%
Service Other$11.4M4%

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