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雅保（ALB）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
雅保的季度营收约是RAYONIER ADVANCED MATERIALS INC.的3.4倍（$1.4B vs $417.5M）。RAYONIER ADVANCED MATERIALS INC.净利率更高（-5.0% vs -29.0%，领先24.0%）。雅保同比增速更快（15.9% vs -1.2%）。过去两年RAYONIER ADVANCED MATERIALS INC.的营收复合增速更高（3.8% vs 2.4%）
雅保是全球知名的特种化学品企业，业务覆盖研发、生产与全球销售，下设锂、溴、催化剂三大板块。锂业务线供应碳酸锂、氢氧化锂、氯化锂等锂化合物及相关试剂，产品广泛应用于消费电子、电动汽车锂电池、高性能润滑脂、热塑性弹性体等领域。
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。
ALB vs RYAM — 直观对比
营收规模更大
ALB
是对方的3.4倍
$417.5M
营收增速更快
ALB
高出17.1%
-1.2%
净利率更高
RYAM
高出24.0%
-29.0%
两年增速更快
RYAM
近两年复合增速
2.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $417.5M |
| 净利润 | $-414.2M | $-21.1M |
| 毛利率 | 13.9% | 8.9% |
| 营业利润率 | -15.2% | 2.6% |
| 净利率 | -29.0% | -5.0% |
| 营收同比 | 15.9% | -1.2% |
| 净利润同比 | -650.1% | -31.9% |
| 每股收益（稀释后） | $-3.88 | $-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ALBRYAM
| Q4 25 | $1.4B | $417.5M | ||
| Q3 25 | $1.3B | $352.8M | ||
| Q2 25 | $1.3B | $340.0M | ||
| Q1 25 | $1.1B | $356.0M | ||
| Q4 24 | $1.2B | $422.5M | ||
| Q3 24 | $1.4B | $401.1M | ||
| Q2 24 | $1.4B | $419.0M | ||
| Q1 24 | $1.4B | $387.7M |
净利润ALBRYAM
| Q4 25 | $-414.2M | $-21.1M | ||
| Q3 25 | $-160.7M | $-4.5M | ||
| Q2 25 | $22.9M | $-363.2M | ||
| Q1 25 | $41.3M | $-32.0M | ||
| Q4 24 | $75.3M | $-16.0M | ||
| Q3 24 | $-1.1B | $-32.6M | ||
| Q2 24 | $-188.2M | $11.4M | ||
| Q1 24 | $2.4M | $-1.6M |
毛利率ALBRYAM
| Q4 25 | 13.9% | 8.9% | ||
| Q3 25 | 9.0% | 9.7% | ||
| Q2 25 | 14.8% | 7.0% | ||
| Q1 25 | 14.5% | 6.8% | ||
| Q4 24 | 11.2% | 8.7% | ||
| Q3 24 | -7.7% | 10.9% | ||
| Q2 24 | -0.7% | 11.5% | ||
| Q1 24 | 2.9% | 9.5% |
营业利润率ALBRYAM
| Q4 25 | -15.2% | 2.6% | ||
| Q3 25 | -16.6% | 2.8% | ||
| Q2 25 | 3.6% | -0.4% | ||
| Q1 25 | 1.8% | -4.2% | ||
| Q4 24 | 0.4% | 2.6% | ||
| Q3 24 | -81.9% | -4.2% | ||
| Q2 24 | -34.4% | 6.7% | ||
| Q1 24 | -13.2% | 4.4% |
净利率ALBRYAM
| Q4 25 | -29.0% | -5.0% | ||
| Q3 25 | -12.3% | -1.3% | ||
| Q2 25 | 1.7% | -106.8% | ||
| Q1 25 | 3.8% | -9.0% | ||
| Q4 24 | 6.1% | -3.8% | ||
| Q3 24 | -78.9% | -8.1% | ||
| Q2 24 | -13.2% | 2.7% | ||
| Q1 24 | 0.2% | -0.4% |
每股收益（稀释后）ALBRYAM
| Q4 25 | $-3.88 | $-0.33 | ||
| Q3 25 | $-1.72 | $-0.07 | ||
| Q2 25 | $-0.16 | $-5.44 | ||
| Q1 25 | $0.00 | $-0.49 | ||
| Q4 24 | $0.29 | $-0.25 | ||
| Q3 24 | $-9.45 | $-0.49 | ||
| Q2 24 | $-1.96 | $0.17 | ||
| Q1 24 | $-0.08 | $-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 | — | $75.4M |
| 总债务越低越好 | $3.2B | $758.1M |
| 股东权益账面价值 | $9.5B | $316.6M |
| 总资产 | $16.4B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.33× | 2.39× |
8季度趋势，按日历期对齐
现金及短期投资ALBRYAM
| Q4 25 | — | $75.4M | ||
| Q3 25 | $1.9B | $77.0M | ||
| Q2 25 | $1.8B | $70.7M | ||
| Q1 25 | $1.5B | $129.9M | ||
| Q4 24 | $1.2B | $125.2M | ||
| Q3 24 | $1.7B | $136.1M | ||
| Q2 24 | $1.8B | $114.1M | ||
| Q1 24 | $2.1B | $54.6M |
总债务ALBRYAM
| Q4 25 | $3.2B | $758.1M | ||
| Q3 25 | $3.6B | $763.5M | ||
| Q2 25 | $3.6B | $720.4M | ||
| Q1 25 | $3.5B | $707.0M | ||
| Q4 24 | $3.5B | $706.4M | ||
| Q3 24 | $3.6B | $747.7M | ||
| Q2 24 | $3.5B | $752.8M | ||
| Q1 24 | $3.5B | $755.6M |
股东权益ALBRYAM
| Q4 25 | $9.5B | $316.6M | ||
| Q3 25 | $10.0B | $338.2M | ||
| Q2 25 | $10.2B | $342.3M | ||
| Q1 25 | $10.0B | $688.1M | ||
| Q4 24 | $10.0B | $713.9M | ||
| Q3 24 | $10.2B | $732.7M | ||
| Q2 24 | $11.2B | $755.1M | ||
| Q1 24 | $11.5B | $741.8M |
总资产ALBRYAM
| Q4 25 | $16.4B | $1.8B | ||
| Q3 25 | $17.1B | $1.8B | ||
| Q2 25 | $17.3B | $1.8B | ||
| Q1 25 | $17.0B | $2.1B | ||
| Q4 24 | $16.6B | $2.1B | ||
| Q3 24 | $17.5B | $2.2B | ||
| Q2 24 | $18.4B | $2.2B | ||
| Q1 24 | $19.0B | $2.1B |
负债/权益比ALBRYAM
| Q4 25 | 0.33× | 2.39× | ||
| Q3 25 | 0.36× | 2.26× | ||
| Q2 25 | 0.35× | 2.10× | ||
| Q1 25 | 0.35× | 1.03× | ||
| Q4 24 | 0.35× | 0.99× | ||
| Q3 24 | 0.35× | 1.02× | ||
| Q2 24 | 0.31× | 1.00× | ||
| Q1 24 | 0.31× | 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 | $388.5M | $32.3M |
| 自由现金流经营现金流 - 资本支出 | $233.1M | — |
| 自由现金流率自由现金流/营收 | 16.3% | — |
| 资本支出强度资本支出/营收 | 10.9% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $692.5M | — |
8季度趋势，按日历期对齐
经营现金流ALBRYAM
| Q4 25 | $388.5M | $32.3M | ||
| Q3 25 | $355.6M | $-17.8M | ||
| Q2 25 | $-7.2M | $-30.2M | ||
| Q1 25 | $545.4M | $39.6M | ||
| Q4 24 | $674.0K | $54.9M | ||
| Q3 24 | $240.5M | $49.8M | ||
| Q2 24 | $362.9M | $87.6M | ||
| Q1 24 | $98.0M | $11.3M |
自由现金流ALBRYAM
| Q4 25 | $233.1M | — | ||
| Q3 25 | $223.4M | — | ||
| Q2 25 | $-126.8M | — | ||
| Q1 25 | $362.8M | — | ||
| Q4 24 | $-355.1M | — | ||
| Q3 24 | $-62.6M | — | ||
| Q2 24 | $-84.7M | — | ||
| Q1 24 | $-481.4M | — |
自由现金流率ALBRYAM
| Q4 25 | 16.3% | — | ||
| Q3 25 | 17.1% | — | ||
| Q2 25 | -9.5% | — | ||
| Q1 25 | 33.7% | — | ||
| Q4 24 | -28.8% | — | ||
| Q3 24 | -4.6% | — | ||
| Q2 24 | -5.9% | — | ||
| Q1 24 | -35.4% | — |
资本支出强度ALBRYAM
| Q4 25 | 10.9% | — | ||
| Q3 25 | 10.1% | — | ||
| Q2 25 | 9.0% | — | ||
| Q1 25 | 17.0% | — | ||
| Q4 24 | 28.9% | — | ||
| Q3 24 | 22.4% | — | ||
| Q2 24 | 31.3% | — | ||
| Q1 24 | 42.6% | — |
现金转化率ALBRYAM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.31× | — | ||
| Q1 25 | 13.19× | — | ||
| Q4 24 | 0.01× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 7.69× | ||
| Q1 24 | 40.01× | — |
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
ALB
| Energy Storage | $759.1M | 53% |
| Specialties | $348.9M | 24% |
| Ketjen | $320.1M | 22% |
RYAM
| Cellulose Specialties | $249.6M | 60% |
| Other | $86.2M | 21% |
| Paperboard | $44.2M | 11% |
| High Yield Pulp | $28.3M | 7% |
| Biomaterials | $9.2M | 2% |
