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AXCELIS TECHNOLOGIES INC（ACLS）与RAYONIER ADVANCED MATERIALS INC.（RYAM）财务数据对比。点击上方公司名可切换其他公司
RAYONIER ADVANCED MATERIALS INC.的季度营收约是AXCELIS TECHNOLOGIES INC的1.8倍（$417.5M vs $238.3M），AXCELIS TECHNOLOGIES INC净利率更高（14.4% vs -5.0%，领先19.4%），RAYONIER ADVANCED MATERIALS INC.同比增速更快（-1.2% vs -5.6%），过去两年RAYONIER ADVANCED MATERIALS INC.的营收复合增速更高（3.8% vs -2.8%）
Axcelis Technologies是一家美国半导体设备供应商，1995年成立，总部位于美国马萨诸塞州贝弗利。公司面向全球半导体制造行业，从事半导体生产核心设备的设计、制造及服务，主营产品包括高中电流、高能离子注入系统以及半导体芯片制造用固化系统。
RYAM（原雷尼尔先进材料公司）是一家美国全球性纤维素技术企业，主打高纯度特种纤维素产品，所生产的天然聚合物广泛应用于过滤器生产、食品加工、医药制造及各类工业领域，同时也为造纸和包装行业供应相关产品，在纤维素技术领域拥有较高的行业认可度。
ACLS vs RYAM — 直观对比
营收规模更大
RYAM
是对方的1.8倍
$238.3M
营收增速更快
RYAM
高出4.4%
-5.6%
净利率更高
ACLS
高出19.4%
-5.0%
两年增速更快
RYAM
近两年复合增速
-2.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $238.3M | $417.5M |
| 净利润 | $34.3M | $-21.1M |
| 毛利率 | 47.0% | 8.9% |
| 营业利润率 | 15.2% | 2.6% |
| 净利率 | 14.4% | -5.0% |
| 营收同比 | -5.6% | -1.2% |
| 净利润同比 | -31.3% | -31.9% |
| 每股收益（稀释后） | $1.11 | $-0.33 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ACLSRYAM
| Q4 25 | $238.3M | $417.5M | ||
| Q3 25 | $213.6M | $352.8M | ||
| Q2 25 | $194.5M | $340.0M | ||
| Q1 25 | $192.6M | $356.0M | ||
| Q4 24 | $252.4M | $422.5M | ||
| Q3 24 | $256.6M | $401.1M | ||
| Q2 24 | $256.5M | $419.0M | ||
| Q1 24 | $252.4M | $387.7M |
净利润ACLSRYAM
| Q4 25 | $34.3M | $-21.1M | ||
| Q3 25 | $26.0M | $-4.5M | ||
| Q2 25 | $31.4M | $-363.2M | ||
| Q1 25 | $28.6M | $-32.0M | ||
| Q4 24 | $50.0M | $-16.0M | ||
| Q3 24 | $48.6M | $-32.6M | ||
| Q2 24 | $50.9M | $11.4M | ||
| Q1 24 | $51.6M | $-1.6M |
毛利率ACLSRYAM
| Q4 25 | 47.0% | 8.9% | ||
| Q3 25 | 41.6% | 9.7% | ||
| Q2 25 | 44.9% | 7.0% | ||
| Q1 25 | 46.1% | 6.8% | ||
| Q4 24 | 46.0% | 8.7% | ||
| Q3 24 | 42.9% | 10.9% | ||
| Q2 24 | 43.8% | 11.5% | ||
| Q1 24 | 46.0% | 9.5% |
营业利润率ACLSRYAM
| Q4 25 | 15.2% | 2.6% | ||
| Q3 25 | 11.7% | 2.8% | ||
| Q2 25 | 14.9% | -0.4% | ||
| Q1 25 | 15.1% | -4.2% | ||
| Q4 24 | 21.6% | 2.6% | ||
| Q3 24 | 18.3% | -4.2% | ||
| Q2 24 | 20.6% | 6.7% | ||
| Q1 24 | 22.4% | 4.4% |
净利率ACLSRYAM
| Q4 25 | 14.4% | -5.0% | ||
| Q3 25 | 12.2% | -1.3% | ||
| Q2 25 | 16.1% | -106.8% | ||
| Q1 25 | 14.8% | -9.0% | ||
| Q4 24 | 19.8% | -3.8% | ||
| Q3 24 | 18.9% | -8.1% | ||
| Q2 24 | 19.8% | 2.7% | ||
| Q1 24 | 20.4% | -0.4% |
每股收益（稀释后）ACLSRYAM
| Q4 25 | $1.11 | $-0.33 | ||
| Q3 25 | $0.83 | $-0.07 | ||
| Q2 25 | $0.98 | $-5.44 | ||
| Q1 25 | $0.88 | $-0.49 | ||
| Q4 24 | $1.54 | $-0.25 | ||
| Q3 24 | $1.49 | $-0.49 | ||
| Q2 24 | $1.55 | $0.17 | ||
| Q1 24 | $1.57 | $-0.02 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $374.3M | $75.4M |
| 总债务越低越好 | — | $758.1M |
| 股东权益账面价值 | $1.0B | $316.6M |
| 总资产 | $1.4B | $1.8B |
| 负债/权益比越低杠杆越低 | — | 2.39× |
8季度趋势，按日历期对齐
现金及短期投资ACLSRYAM
| Q4 25 | $374.3M | $75.4M | ||
| Q3 25 | $449.6M | $77.0M | ||
| Q2 25 | $549.8M | $70.7M | ||
| Q1 25 | $587.1M | $129.9M | ||
| Q4 24 | $571.3M | $125.2M | ||
| Q3 24 | $579.4M | $136.1M | ||
| Q2 24 | $548.3M | $114.1M | ||
| Q1 24 | $530.2M | $54.6M |
总债务ACLSRYAM
| 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 |
股东权益ACLSRYAM
| Q4 25 | $1.0B | $316.6M | ||
| Q3 25 | $1.0B | $338.2M | ||
| Q2 25 | $1.0B | $342.3M | ||
| Q1 25 | $1.0B | $688.1M | ||
| Q4 24 | $1.0B | $713.9M | ||
| Q3 24 | $975.6M | $732.7M | ||
| Q2 24 | $934.9M | $755.1M | ||
| Q1 24 | $901.7M | $741.8M |
总资产ACLSRYAM
| Q4 25 | $1.4B | $1.8B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $1.3B | $1.8B | ||
| Q1 25 | $1.3B | $2.1B | ||
| Q4 24 | $1.3B | $2.1B | ||
| Q3 24 | $1.3B | $2.2B | ||
| Q2 24 | $1.3B | $2.2B | ||
| Q1 24 | $1.3B | $2.1B |
负债/权益比ACLSRYAM
| 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× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-6.6M | $32.3M |
| 自由现金流经营现金流 - 资本支出 | $-8.9M | — |
| 自由现金流率自由现金流/营收 | -3.7% | — |
| 资本支出强度资本支出/营收 | 1.0% | — |
| 现金转化率经营现金流/净利润 | -0.19× | — |
| 过去12个月自由现金流最近4个季度 | $107.0M | — |
8季度趋势，按日历期对齐
经营现金流ACLSRYAM
| Q4 25 | $-6.6M | $32.3M | ||
| Q3 25 | $45.4M | $-17.8M | ||
| Q2 25 | $39.7M | $-30.2M | ||
| Q1 25 | $39.8M | $39.6M | ||
| Q4 24 | $12.8M | $54.9M | ||
| Q3 24 | $45.7M | $49.8M | ||
| Q2 24 | $40.1M | $87.6M | ||
| Q1 24 | $42.2M | $11.3M |
自由现金流ACLSRYAM
| Q4 25 | $-8.9M | — | ||
| Q3 25 | $43.3M | — | ||
| Q2 25 | $37.7M | — | ||
| Q1 25 | $34.8M | — | ||
| Q4 24 | $8.1M | — | ||
| Q3 24 | $41.8M | — | ||
| Q2 24 | $38.1M | — | ||
| Q1 24 | $40.6M | — |
自由现金流率ACLSRYAM
| Q4 25 | -3.7% | — | ||
| Q3 25 | 20.3% | — | ||
| Q2 25 | 19.4% | — | ||
| Q1 25 | 18.1% | — | ||
| Q4 24 | 3.2% | — | ||
| Q3 24 | 16.3% | — | ||
| Q2 24 | 14.8% | — | ||
| Q1 24 | 16.1% | — |
资本支出强度ACLSRYAM
| Q4 25 | 1.0% | — | ||
| Q3 25 | 0.9% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 0.8% | — | ||
| Q1 24 | 0.6% | — |
现金转化率ACLSRYAM
| Q4 25 | -0.19× | — | ||
| Q3 25 | 1.75× | — | ||
| Q2 25 | 1.27× | — | ||
| Q1 25 | 1.39× | — | ||
| Q4 24 | 0.26× | — | ||
| Q3 24 | 0.94× | — | ||
| Q2 24 | 0.79× | 7.69× | ||
| Q1 24 | 0.82× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ACLS
| Products | $224.6M | 94% |
| Services | $13.7M | 6% |
RYAM
| Cellulose Specialties | $249.6M | 60% |
| Other | $86.2M | 21% |
| Paperboard | $44.2M | 11% |
| High Yield Pulp | $28.3M | 7% |
| Biomaterials | $9.2M | 2% |
