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

SSR MINING INC. is the larger business by last-quarter revenue ($521.7M vs $417.5M, roughly 1.2× RAYONIER ADVANCED MATERIALS INC.). SSR MINING INC. runs the higher net margin — 34.8% vs -5.0%, a 39.8% gap on every dollar of revenue. On growth, SSR MINING INC. posted the faster year-over-year revenue change (61.4% vs -1.2%). Over the past eight quarters, SSR MINING INC.'s revenue compounded faster (50.5% CAGR vs 3.8%).

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 ...

SSR Mining Inc., formerly Silver Standard Resources is a Denver-based gold, silver, copper, lead and zinc producer that owns the largest silver mine in Argentina. In addition it engages in exploration activity throughout the Americas and Turkey. In 2020, SSR Mining merged with Alacer Gold. Since the merger, the company has moved headquarters to Denver, Colorado. Rodney P. Antal is now the president and CEO of SSR mining. In February 2021, SSR Mining announced that Alison White would be the ne...

RYAM vs SSRM — Head-to-Head

Bigger by revenue
SSRM
SSRM
1.2× larger
SSRM
$521.7M
$417.5M
RYAM
Growing faster (revenue YoY)
SSRM
SSRM
+62.6% gap
SSRM
61.4%
-1.2%
RYAM
Higher net margin
SSRM
SSRM
39.8% more per $
SSRM
34.8%
-5.0%
RYAM
Faster 2-yr revenue CAGR
SSRM
SSRM
Annualised
SSRM
50.5%
3.8%
RYAM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RYAM
RYAM
SSRM
SSRM
Revenue
$417.5M
$521.7M
Net Profit
$-21.1M
$181.5M
Gross Margin
8.9%
Operating Margin
2.6%
38.8%
Net Margin
-5.0%
34.8%
Revenue YoY
-1.2%
61.4%
Net Profit YoY
-31.9%
3166.6%
EPS (diluted)
$-0.33
$0.84

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
SSRM
SSRM
Q4 25
$417.5M
$521.7M
Q3 25
$352.8M
$385.8M
Q2 25
$340.0M
$405.5M
Q1 25
$356.0M
$316.6M
Q4 24
$422.5M
$323.2M
Q3 24
$401.1M
$257.4M
Q2 24
$419.0M
$184.8M
Q1 24
$387.7M
$230.2M
Net Profit
RYAM
RYAM
SSRM
SSRM
Q4 25
$-21.1M
$181.5M
Q3 25
$-4.5M
$65.4M
Q2 25
$-363.2M
$90.1M
Q1 25
$-32.0M
$58.8M
Q4 24
$-16.0M
$5.6M
Q3 24
$-32.6M
$10.6M
Q2 24
$11.4M
$9.7M
Q1 24
$-1.6M
$-287.1M
Gross Margin
RYAM
RYAM
SSRM
SSRM
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
SSRM
SSRM
Q4 25
2.6%
38.8%
Q3 25
2.8%
21.6%
Q2 25
-0.4%
26.9%
Q1 25
-4.2%
21.1%
Q4 24
2.6%
10.6%
Q3 24
-4.2%
3.5%
Q2 24
6.7%
5.8%
Q1 24
4.4%
-163.5%
Net Margin
RYAM
RYAM
SSRM
SSRM
Q4 25
-5.0%
34.8%
Q3 25
-1.3%
17.0%
Q2 25
-106.8%
22.2%
Q1 25
-9.0%
18.6%
Q4 24
-3.8%
1.7%
Q3 24
-8.1%
4.1%
Q2 24
2.7%
5.2%
Q1 24
-0.4%
-124.7%
EPS (diluted)
RYAM
RYAM
SSRM
SSRM
Q4 25
$-0.33
$0.84
Q3 25
$-0.07
$0.31
Q2 25
$-5.44
$0.42
Q1 25
$-0.49
$0.28
Q4 24
$-0.25
$0.03
Q3 24
$-0.49
$0.05
Q2 24
$0.17
$0.05
Q1 24
$-0.02
$-1.42

Balance Sheet & Financial Strength

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

Metric
RYAM
RYAM
SSRM
SSRM
Cash + ST InvestmentsLiquidity on hand
$75.4M
$575.6M
Total DebtLower is stronger
$758.1M
Stockholders' EquityBook value
$316.6M
$3.5B
Total Assets
$1.8B
$6.1B
Debt / EquityLower = less leverage
2.39×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RYAM
RYAM
SSRM
SSRM
Q4 25
$75.4M
$575.6M
Q3 25
$77.0M
$445.4M
Q2 25
$70.7M
$438.5M
Q1 25
$129.9M
$341.3M
Q4 24
$125.2M
$417.3M
Q3 24
$136.1M
$365.8M
Q2 24
$114.1M
$384.4M
Q1 24
$54.6M
$492.0M
Total Debt
RYAM
RYAM
SSRM
SSRM
Q4 25
$758.1M
Q3 25
$763.5M
Q2 25
$720.4M
Q1 25
$707.0M
Q4 24
$706.4M
$228.6M
Q3 24
$747.7M
$228.3M
Q2 24
$752.8M
$228.0M
Q1 24
$755.6M
$228.7M
Stockholders' Equity
RYAM
RYAM
SSRM
SSRM
Q4 25
$316.6M
$3.5B
Q3 25
$338.2M
$3.3B
Q2 25
$342.3M
$3.3B
Q1 25
$688.1M
$3.2B
Q4 24
$713.9M
$3.1B
Q3 24
$732.7M
$3.1B
Q2 24
$755.1M
$3.1B
Q1 24
$741.8M
$3.1B
Total Assets
RYAM
RYAM
SSRM
SSRM
Q4 25
$1.8B
$6.1B
Q3 25
$1.8B
$5.9B
Q2 25
$1.8B
$5.8B
Q1 25
$2.1B
$5.6B
Q4 24
$2.1B
$5.2B
Q3 24
$2.2B
$5.1B
Q2 24
$2.2B
$5.2B
Q1 24
$2.1B
$5.3B
Debt / Equity
RYAM
RYAM
SSRM
SSRM
Q4 25
2.39×
Q3 25
2.26×
Q2 25
2.10×
Q1 25
1.03×
Q4 24
0.99×
0.07×
Q3 24
1.02×
0.07×
Q2 24
1.00×
0.07×
Q1 24
1.02×
0.07×

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
SSRM
SSRM
Operating Cash FlowLast quarter
$32.3M
$172.1M
Free Cash FlowOCF − Capex
$106.4M
FCF MarginFCF / Revenue
20.4%
Capex IntensityCapex / Revenue
12.6%
Cash ConversionOCF / Net Profit
0.95×
TTM Free Cash FlowTrailing 4 quarters
$241.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RYAM
RYAM
SSRM
SSRM
Q4 25
$32.3M
$172.1M
Q3 25
$-17.8M
$57.2M
Q2 25
$-30.2M
$157.8M
Q1 25
$39.6M
$84.8M
Q4 24
$54.9M
$95.0M
Q3 24
$49.8M
$-1.3M
Q2 24
$87.6M
$-78.1M
Q1 24
$11.3M
$24.6M
Free Cash Flow
RYAM
RYAM
SSRM
SSRM
Q4 25
$106.4M
Q3 25
$-2.4M
Q2 25
$98.4M
Q1 25
$39.3M
Q4 24
$56.4M
Q3 24
$-34.1M
Q2 24
$-116.3M
Q1 24
$-9.4M
FCF Margin
RYAM
RYAM
SSRM
SSRM
Q4 25
20.4%
Q3 25
-0.6%
Q2 25
24.3%
Q1 25
12.4%
Q4 24
17.5%
Q3 24
-13.2%
Q2 24
-62.9%
Q1 24
-4.1%
Capex Intensity
RYAM
RYAM
SSRM
SSRM
Q4 25
12.6%
Q3 25
15.4%
Q2 25
14.7%
Q1 25
14.4%
Q4 24
11.9%
Q3 24
12.7%
Q2 24
20.7%
Q1 24
14.8%
Cash Conversion
RYAM
RYAM
SSRM
SSRM
Q4 25
0.95×
Q3 25
0.87×
Q2 25
1.75×
Q1 25
1.44×
Q4 24
17.10×
Q3 24
-0.13×
Q2 24
7.69×
-8.06×
Q1 24

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%

SSRM
SSRM

Gold$369.3M71%
Concentrate Sales$124.4M24%
Other$19.1M4%
Lead$9.0M2%

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