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

ZILLOW GROUP, INC. is the larger business by last-quarter revenue ($654.0M vs $417.5M, roughly 1.6× RAYONIER ADVANCED MATERIALS INC.). ZILLOW GROUP, INC. runs the higher net margin — 0.5% vs -5.0%, a 5.5% gap on every dollar of revenue. On growth, ZILLOW GROUP, INC. posted the faster year-over-year revenue change (18.1% vs -1.2%). Over the past eight quarters, ZILLOW GROUP, INC.'s revenue compounded faster (11.2% 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 ...

Zillow Group, Inc., or simply Zillow, is an American tech real-estate marketplace company that was founded in 2006 by co-executive chairmen Rich Barton and Lloyd Frink, former Microsoft executives and founders of Microsoft spin-off Expedia; Spencer Rascoff, a co-founder of Hotwire.com; David Beitel, Zillow's current chief technology officer; and Kristin Acker, Zillow's current technology leadership advisor.

RYAM vs ZG — Head-to-Head

Bigger by revenue
ZG
ZG
1.6× larger
ZG
$654.0M
$417.5M
RYAM
Growing faster (revenue YoY)
ZG
ZG
+19.2% gap
ZG
18.1%
-1.2%
RYAM
Higher net margin
ZG
ZG
5.5% more per $
ZG
0.5%
-5.0%
RYAM
Faster 2-yr revenue CAGR
ZG
ZG
Annualised
ZG
11.2%
3.8%
RYAM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RYAM
RYAM
ZG
ZG
Revenue
$417.5M
$654.0M
Net Profit
$-21.1M
$3.0M
Gross Margin
8.9%
72.8%
Operating Margin
2.6%
-1.7%
Net Margin
-5.0%
0.5%
Revenue YoY
-1.2%
18.1%
Net Profit YoY
-31.9%
105.8%
EPS (diluted)
$-0.33
$0.01

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
ZG
ZG
Q4 25
$417.5M
$654.0M
Q3 25
$352.8M
$676.0M
Q2 25
$340.0M
$655.0M
Q1 25
$356.0M
$598.0M
Q4 24
$422.5M
$554.0M
Q3 24
$401.1M
$581.0M
Q2 24
$419.0M
$572.0M
Q1 24
$387.7M
$529.0M
Net Profit
RYAM
RYAM
ZG
ZG
Q4 25
$-21.1M
$3.0M
Q3 25
$-4.5M
$10.0M
Q2 25
$-363.2M
$2.0M
Q1 25
$-32.0M
$8.0M
Q4 24
$-16.0M
$-52.0M
Q3 24
$-32.6M
$-20.0M
Q2 24
$11.4M
$-17.0M
Q1 24
$-1.6M
$-23.0M
Gross Margin
RYAM
RYAM
ZG
ZG
Q4 25
8.9%
72.8%
Q3 25
9.7%
72.6%
Q2 25
7.0%
74.7%
Q1 25
6.8%
76.8%
Q4 24
8.7%
75.8%
Q3 24
10.9%
75.9%
Q2 24
11.5%
77.3%
Q1 24
9.5%
76.7%
Operating Margin
RYAM
RYAM
ZG
ZG
Q4 25
2.6%
-1.7%
Q3 25
2.8%
-0.4%
Q2 25
-0.4%
-1.7%
Q1 25
-4.2%
-1.5%
Q4 24
2.6%
-12.5%
Q3 24
-4.2%
-7.7%
Q2 24
6.7%
-6.6%
Q1 24
4.4%
-8.5%
Net Margin
RYAM
RYAM
ZG
ZG
Q4 25
-5.0%
0.5%
Q3 25
-1.3%
1.5%
Q2 25
-106.8%
0.3%
Q1 25
-9.0%
1.3%
Q4 24
-3.8%
-9.4%
Q3 24
-8.1%
-3.4%
Q2 24
2.7%
-3.0%
Q1 24
-0.4%
-4.3%
EPS (diluted)
RYAM
RYAM
ZG
ZG
Q4 25
$-0.33
$0.01
Q3 25
$-0.07
$0.04
Q2 25
$-5.44
$0.01
Q1 25
$-0.49
$0.03
Q4 24
$-0.25
$-0.23
Q3 24
$-0.49
$-0.08
Q2 24
$0.17
$-0.07
Q1 24
$-0.02
$-0.10

Balance Sheet & Financial Strength

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

Metric
RYAM
RYAM
ZG
ZG
Cash + ST InvestmentsLiquidity on hand
$75.4M
$768.0M
Total DebtLower is stronger
$758.1M
Stockholders' EquityBook value
$316.6M
$4.9B
Total Assets
$1.8B
$5.7B
Debt / EquityLower = less leverage
2.39×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RYAM
RYAM
ZG
ZG
Q4 25
$75.4M
$768.0M
Q3 25
$77.0M
$874.0M
Q2 25
$70.7M
$587.0M
Q1 25
$129.9M
$914.0M
Q4 24
$125.2M
$1.1B
Q3 24
$136.1M
$1.1B
Q2 24
$114.1M
$1.2B
Q1 24
$54.6M
$1.4B
Total Debt
RYAM
RYAM
ZG
ZG
Q4 25
$758.1M
Q3 25
$763.5M
Q2 25
$720.4M
Q1 25
$707.0M
Q4 24
$706.4M
Q3 24
$747.7M
Q2 24
$752.8M
Q1 24
$755.6M
Stockholders' Equity
RYAM
RYAM
ZG
ZG
Q4 25
$316.6M
$4.9B
Q3 25
$338.2M
$5.0B
Q2 25
$342.3M
$4.7B
Q1 25
$688.1M
$4.8B
Q4 24
$713.9M
$4.8B
Q3 24
$732.7M
$4.7B
Q2 24
$755.1M
$4.5B
Q1 24
$741.8M
$4.7B
Total Assets
RYAM
RYAM
ZG
ZG
Q4 25
$1.8B
$5.7B
Q3 25
$1.8B
$5.7B
Q2 25
$1.8B
$5.4B
Q1 25
$2.1B
$5.7B
Q4 24
$2.1B
$5.8B
Q3 24
$2.2B
$6.2B
Q2 24
$2.2B
$6.6B
Q1 24
$2.1B
$6.8B
Debt / Equity
RYAM
RYAM
ZG
ZG
Q4 25
2.39×
Q3 25
2.26×
Q2 25
2.10×
Q1 25
1.03×
Q4 24
0.99×
Q3 24
1.02×
Q2 24
1.00×
Q1 24
1.02×

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
ZG
ZG
Operating Cash FlowLast quarter
$32.3M
$72.0M
Free Cash FlowOCF − Capex
$44.0M
FCF MarginFCF / Revenue
6.7%
Capex IntensityCapex / Revenue
4.3%
Cash ConversionOCF / Net Profit
24.00×
TTM Free Cash FlowTrailing 4 quarters
$235.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RYAM
RYAM
ZG
ZG
Q4 25
$32.3M
$72.0M
Q3 25
$-17.8M
$105.0M
Q2 25
$-30.2M
$87.0M
Q1 25
$39.6M
$104.0M
Q4 24
$54.9M
$122.0M
Q3 24
$49.8M
$171.0M
Q2 24
$87.6M
$55.0M
Q1 24
$11.3M
$80.0M
Free Cash Flow
RYAM
RYAM
ZG
ZG
Q4 25
$44.0M
Q3 25
$73.0M
Q2 25
$50.0M
Q1 25
$68.0M
Q4 24
$88.0M
Q3 24
$138.0M
Q2 24
$18.0M
Q1 24
$41.0M
FCF Margin
RYAM
RYAM
ZG
ZG
Q4 25
6.7%
Q3 25
10.8%
Q2 25
7.6%
Q1 25
11.4%
Q4 24
15.9%
Q3 24
23.8%
Q2 24
3.1%
Q1 24
7.8%
Capex Intensity
RYAM
RYAM
ZG
ZG
Q4 25
4.3%
Q3 25
4.7%
Q2 25
5.6%
Q1 25
6.0%
Q4 24
6.1%
Q3 24
5.7%
Q2 24
6.5%
Q1 24
7.4%
Cash Conversion
RYAM
RYAM
ZG
ZG
Q4 25
24.00×
Q3 25
10.50×
Q2 25
43.50×
Q1 25
13.00×
Q4 24
Q3 24
Q2 24
7.69×
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%

ZG
ZG

Residential Revenue$418.0M64%
Rental Revenue$168.0M26%
Mortgage Revenue$57.0M9%
Display Advertising And Other Revenue$11.0M2%

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