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

Vestis Corp is the larger business by last-quarter revenue ($663.4M vs $417.5M, roughly 1.6× RAYONIER ADVANCED MATERIALS INC.). Vestis Corp runs the higher net margin — -1.0% vs -5.0%, a 4.1% gap on every dollar of revenue. On growth, RAYONIER ADVANCED MATERIALS INC. posted the faster year-over-year revenue change (-1.2% vs -3.0%). Over the past eight quarters, RAYONIER ADVANCED MATERIALS INC.'s revenue compounded faster (3.8% CAGR vs -3.0%).

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 ...

Vestis Corp is a leading provider of workplace uniforms, safety apparel, and facility service solutions. It primarily operates across North America, serving clients in healthcare, manufacturing, retail, hospitality, and public service sectors, offering customized uniform rental, cleaning, and maintenance programs tailored to varied business operational requirements.

RYAM vs VSTS — Head-to-Head

Bigger by revenue
VSTS
VSTS
1.6× larger
VSTS
$663.4M
$417.5M
RYAM
Growing faster (revenue YoY)
RYAM
RYAM
+1.8% gap
RYAM
-1.2%
-3.0%
VSTS
Higher net margin
VSTS
VSTS
4.1% more per $
VSTS
-1.0%
-5.0%
RYAM
Faster 2-yr revenue CAGR
RYAM
RYAM
Annualised
RYAM
3.8%
-3.0%
VSTS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
RYAM
RYAM
VSTS
VSTS
Revenue
$417.5M
$663.4M
Net Profit
$-21.1M
$-6.4M
Gross Margin
8.9%
Operating Margin
2.6%
2.5%
Net Margin
-5.0%
-1.0%
Revenue YoY
-1.2%
-3.0%
Net Profit YoY
-31.9%
-868.1%
EPS (diluted)
$-0.33
$-0.05

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
VSTS
VSTS
Q1 26
$663.4M
Q4 25
$417.5M
$712.0M
Q3 25
$352.8M
Q2 25
$340.0M
$673.8M
Q1 25
$356.0M
$665.2M
Q4 24
$422.5M
$683.8M
Q3 24
$401.1M
$684.3M
Q2 24
$419.0M
$698.2M
Net Profit
RYAM
RYAM
VSTS
VSTS
Q1 26
$-6.4M
Q4 25
$-21.1M
$-12.5M
Q3 25
$-4.5M
Q2 25
$-363.2M
$-676.0K
Q1 25
$-32.0M
$-27.8M
Q4 24
$-16.0M
$832.0K
Q3 24
$-32.6M
$-2.3M
Q2 24
$11.4M
$5.0M
Gross Margin
RYAM
RYAM
VSTS
VSTS
Q1 26
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%
Operating Margin
RYAM
RYAM
VSTS
VSTS
Q1 26
2.5%
Q4 25
2.6%
2.5%
Q3 25
2.8%
Q2 25
-0.4%
3.7%
Q1 25
-4.2%
-1.3%
Q4 24
2.6%
4.4%
Q3 24
-4.2%
4.4%
Q2 24
6.7%
5.4%
Net Margin
RYAM
RYAM
VSTS
VSTS
Q1 26
-1.0%
Q4 25
-5.0%
-1.8%
Q3 25
-1.3%
Q2 25
-106.8%
-0.1%
Q1 25
-9.0%
-4.2%
Q4 24
-3.8%
0.1%
Q3 24
-8.1%
-0.3%
Q2 24
2.7%
0.7%
EPS (diluted)
RYAM
RYAM
VSTS
VSTS
Q1 26
$-0.05
Q4 25
$-0.33
$-0.10
Q3 25
$-0.07
Q2 25
$-5.44
$-0.01
Q1 25
$-0.49
$-0.21
Q4 24
$-0.25
$0.01
Q3 24
$-0.49
$-0.02
Q2 24
$0.17
$0.04

Balance Sheet & Financial Strength

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

Metric
RYAM
RYAM
VSTS
VSTS
Cash + ST InvestmentsLiquidity on hand
$75.4M
$41.5M
Total DebtLower is stronger
$758.1M
Stockholders' EquityBook value
$316.6M
$864.4M
Total Assets
$1.8B
$2.9B
Debt / EquityLower = less leverage
2.39×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RYAM
RYAM
VSTS
VSTS
Q1 26
$41.5M
Q4 25
$75.4M
$29.7M
Q3 25
$77.0M
Q2 25
$70.7M
$23.7M
Q1 25
$129.9M
$28.8M
Q4 24
$125.2M
$18.6M
Q3 24
$136.1M
$31.0M
Q2 24
$114.1M
$29.1M
Total Debt
RYAM
RYAM
VSTS
VSTS
Q1 26
Q4 25
$758.1M
$1.2B
Q3 25
$763.5M
Q2 25
$720.4M
Q1 25
$707.0M
Q4 24
$706.4M
Q3 24
$747.7M
$1.2B
Q2 24
$752.8M
Stockholders' Equity
RYAM
RYAM
VSTS
VSTS
Q1 26
$864.4M
Q4 25
$316.6M
$865.6M
Q3 25
$338.2M
Q2 25
$342.3M
$882.2M
Q1 25
$688.1M
$876.3M
Q4 24
$713.9M
$899.6M
Q3 24
$732.7M
$903.1M
Q2 24
$755.1M
$901.2M
Total Assets
RYAM
RYAM
VSTS
VSTS
Q1 26
$2.9B
Q4 25
$1.8B
$2.9B
Q3 25
$1.8B
Q2 25
$1.8B
$2.9B
Q1 25
$2.1B
$2.9B
Q4 24
$2.1B
$2.9B
Q3 24
$2.2B
$2.9B
Q2 24
$2.2B
$3.1B
Debt / Equity
RYAM
RYAM
VSTS
VSTS
Q1 26
Q4 25
2.39×
1.35×
Q3 25
2.26×
Q2 25
2.10×
Q1 25
1.03×
Q4 24
0.99×
Q3 24
1.02×
1.29×
Q2 24
1.00×

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
VSTS
VSTS
Operating Cash FlowLast quarter
$32.3M
$37.7M
Free Cash FlowOCF − Capex
$28.3M
FCF MarginFCF / Revenue
4.3%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$45.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RYAM
RYAM
VSTS
VSTS
Q1 26
$37.7M
Q4 25
$32.3M
$30.9M
Q3 25
$-17.8M
Q2 25
$-30.2M
$22.9M
Q1 25
$39.6M
$6.7M
Q4 24
$54.9M
$3.8M
Q3 24
$49.8M
$295.6M
Q2 24
$87.6M
$48.7M
Free Cash Flow
RYAM
RYAM
VSTS
VSTS
Q1 26
$28.3M
Q4 25
$15.6M
Q3 25
Q2 25
$8.0M
Q1 25
$-6.9M
Q4 24
$-11.0M
Q3 24
$267.5M
Q2 24
$27.7M
FCF Margin
RYAM
RYAM
VSTS
VSTS
Q1 26
4.3%
Q4 25
2.2%
Q3 25
Q2 25
1.2%
Q1 25
-1.0%
Q4 24
-1.6%
Q3 24
39.1%
Q2 24
4.0%
Capex Intensity
RYAM
RYAM
VSTS
VSTS
Q1 26
1.4%
Q4 25
2.2%
Q3 25
Q2 25
2.2%
Q1 25
2.0%
Q4 24
2.2%
Q3 24
4.1%
Q2 24
3.0%
Cash Conversion
RYAM
RYAM
VSTS
VSTS
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
4.54×
Q3 24
Q2 24
7.69×
9.66×

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%

VSTS
VSTS

Workplace Supplies$375.2M57%
Uniforms$227.7M34%
Other$60.5M9%

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