vs
Bloom Energy Corp（BE）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
Bloom Energy Corp的季度营收约是RAYONIER ADVANCED MATERIALS INC.的1.8倍（$751.1M vs $417.5M），Bloom Energy Corp净利率更高（9.4% vs -5.0%，领先14.4%），RAYONIER ADVANCED MATERIALS INC.同比增速更快（-1.2% vs -3.4%），过去两年Bloom Energy Corp的营收复合增速更高（51.7% vs 3.8%）
Bloom Energy Corp是一家能源技术企业，由印裔美国工程师、发明家、企业家KR·斯里达尔创立，他同时担任公司董事长兼首席执行官。斯里达尔此前曾任亚利桑那大学航空航天与机械工程教授、空间技术实验室主任，曾为NASA提供顾问服务，现为美国国家工程院院士。
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。
BE vs RYAM — 直观对比
营收规模更大
BE
是对方的1.8倍
$417.5M
营收增速更快
RYAM
高出2.3%
-3.4%
净利率更高
BE
高出14.4%
-5.0%
两年增速更快
BE
近两年复合增速
3.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $751.1M | $417.5M |
| 净利润 | $70.7M | $-21.1M |
| 毛利率 | 30.0% | 8.9% |
| 营业利润率 | 17.3% | 2.6% |
| 净利率 | 9.4% | -5.0% |
| 营收同比 | -3.4% | -1.2% |
| 净利润同比 | 396.7% | -31.9% |
| 每股收益（稀释后） | $0.44 | $-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BERYAM
| Q1 26 | $751.1M | — | ||
| Q4 25 | $772.8M | $417.5M | ||
| Q3 25 | $513.3M | $352.8M | ||
| Q2 25 | $396.3M | $340.0M | ||
| Q1 25 | $319.3M | $356.0M | ||
| Q4 24 | $567.0M | $422.5M | ||
| Q3 24 | $321.8M | $401.1M | ||
| Q2 24 | $326.5M | $419.0M |
净利润BERYAM
| Q1 26 | $70.7M | — | ||
| Q4 25 | $1.4M | $-21.1M | ||
| Q3 25 | $-23.0M | $-4.5M | ||
| Q2 25 | $-42.2M | $-363.2M | ||
| Q1 25 | $-23.4M | $-32.0M | ||
| Q4 24 | $105.2M | $-16.0M | ||
| Q3 24 | $-14.6M | $-32.6M | ||
| Q2 24 | $-61.2M | $11.4M |
毛利率BERYAM
| Q1 26 | 30.0% | — | ||
| Q4 25 | 31.0% | 8.9% | ||
| Q3 25 | 29.5% | 9.7% | ||
| Q2 25 | 27.0% | 7.0% | ||
| Q1 25 | 27.8% | 6.8% | ||
| Q4 24 | 38.7% | 8.7% | ||
| Q3 24 | 24.5% | 10.9% | ||
| Q2 24 | 21.0% | 11.5% |
营业利润率BERYAM
| Q1 26 | 17.3% | — | ||
| Q4 25 | 11.3% | 2.6% | ||
| Q3 25 | 1.5% | 2.8% | ||
| Q2 25 | -0.9% | -0.4% | ||
| Q1 25 | -6.0% | -4.2% | ||
| Q4 24 | 18.5% | 2.6% | ||
| Q3 24 | -3.0% | -4.2% | ||
| Q2 24 | -7.1% | 6.7% |
净利率BERYAM
| Q1 26 | 9.4% | — | ||
| Q4 25 | 0.2% | -5.0% | ||
| Q3 25 | -4.5% | -1.3% | ||
| Q2 25 | -10.6% | -106.8% | ||
| Q1 25 | -7.3% | -9.0% | ||
| Q4 24 | 18.5% | -3.8% | ||
| Q3 24 | -4.5% | -8.1% | ||
| Q2 24 | -18.7% | 2.7% |
每股收益（稀释后）BERYAM
| Q1 26 | $0.44 | — | ||
| Q4 25 | $99.91 | $-0.33 | ||
| Q3 25 | $-100.00 | $-0.07 | ||
| Q2 25 | $-0.18 | $-5.44 | ||
| Q1 25 | $-0.10 | $-0.49 | ||
| Q4 24 | $0.45 | $-0.25 | ||
| Q3 24 | $-0.06 | $-0.49 | ||
| Q2 24 | $-0.27 | $0.17 |
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 | — | $758.1M |
| 股东权益账面价值 | $948.0K | $316.6M |
| 总资产 | $4.7B | $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BERYAM
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $75.4M | ||
| Q3 25 | $595.1M | $77.0M | ||
| Q2 25 | $574.8M | $70.7M | ||
| Q1 25 | $794.8M | $129.9M | ||
| Q4 24 | $802.9M | $125.2M | ||
| Q3 24 | $495.7M | $136.1M | ||
| Q2 24 | $581.7M | $114.1M |
总债务BERYAM
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $758.1M | ||
| Q3 25 | $1.1B | $763.5M | ||
| Q2 25 | $1.1B | $720.4M | ||
| Q1 25 | $1.1B | $707.0M | ||
| Q4 24 | $1.1B | $706.4M | ||
| Q3 24 | $1.1B | $747.7M | ||
| Q2 24 | $1.1B | $752.8M |
股东权益BERYAM
| Q1 26 | $948.0K | — | ||
| Q4 25 | $768.6M | $316.6M | ||
| Q3 25 | $653.1M | $338.2M | ||
| Q2 25 | $594.6M | $342.3M | ||
| Q1 25 | $578.3M | $688.1M | ||
| Q4 24 | $562.5M | $713.9M | ||
| Q3 24 | $430.9M | $732.7M | ||
| Q2 24 | $423.3M | $755.1M |
总资产BERYAM
| Q1 26 | $4.7B | — | ||
| Q4 25 | $4.4B | $1.8B | ||
| Q3 25 | $2.6B | $1.8B | ||
| Q2 25 | $2.5B | $1.8B | ||
| Q1 25 | $2.6B | $2.1B | ||
| Q4 24 | $2.7B | $2.1B | ||
| Q3 24 | $2.6B | $2.2B | ||
| Q2 24 | $2.5B | $2.2B |
负债/权益比BERYAM
| Q1 26 | — | — | ||
| Q4 25 | 3.41× | 2.39× | ||
| Q3 25 | 1.73× | 2.26× | ||
| Q2 25 | 1.91× | 2.10× | ||
| Q1 25 | 1.96× | 1.03× | ||
| Q4 24 | 2.01× | 0.99× | ||
| Q3 24 | 2.62× | 1.02× | ||
| Q2 24 | 2.66× | 1.00× |
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 | — | $32.3M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流BERYAM
| Q1 26 | — | — | ||
| Q4 25 | $418.1M | $32.3M | ||
| Q3 25 | $19.7M | $-17.8M | ||
| Q2 25 | $-213.1M | $-30.2M | ||
| Q1 25 | $-110.7M | $39.6M | ||
| Q4 24 | $484.2M | $54.9M | ||
| Q3 24 | $-69.5M | $49.8M | ||
| Q2 24 | $-175.5M | $87.6M |
自由现金流BERYAM
| Q1 26 | — | — | ||
| Q4 25 | $395.1M | — | ||
| Q3 25 | $7.4M | — | ||
| Q2 25 | $-220.4M | — | ||
| Q1 25 | $-124.9M | — | ||
| Q4 24 | $473.1M | — | ||
| Q3 24 | $-83.8M | — | ||
| Q2 24 | $-187.5M | — |
自由现金流率BERYAM
| Q1 26 | — | — | ||
| Q4 25 | 51.1% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | -55.6% | — | ||
| Q1 25 | -39.1% | — | ||
| Q4 24 | 83.4% | — | ||
| Q3 24 | -26.0% | — | ||
| Q2 24 | -57.4% | — |
资本支出强度BERYAM
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | — | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 4.5% | — | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 4.4% | — | ||
| Q2 24 | 3.7% | — |
现金转化率BERYAM
| Q1 26 | — | — | ||
| Q4 25 | 293.18× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.60× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 7.69× |
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
BE
| Product | $653.3M | 87% |
| Service | $61.9M | 8% |
| Installation | $25.9M | 3% |
| Electricity | $9.9M | 1% |
RYAM
| Cellulose Specialties | $249.6M | 60% |
| Other | $86.2M | 21% |
| Paperboard | $44.2M | 11% |
| High Yield Pulp | $28.3M | 7% |
| Biomaterials | $9.2M | 2% |
