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PATHWARD FINANCIAL, INC.（CASH）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PATHWARD FINANCIAL, INC.的1.5倍（$417.5M vs $276.3M），PATHWARD FINANCIAL, INC.净利率更高（26.4% vs -5.0%，领先31.4%），过去两年PATHWARD FINANCIAL, INC.的营收复合增速更高（21.0% vs 3.8%）
Pathward Financial, Inc.是一家总部位于美国的银行及金融服务企业，其前身为Meta金融集团旗下相关业务主体，2022年母公司将“Meta”商标出售给Meta Platforms后，正式启用现有名称。
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。
CASH vs RYAM — 直观对比
营收规模更大
RYAM
是对方的1.5倍
$276.3M
净利率更高
CASH
高出31.4%
-5.0%
两年增速更快
CASH
近两年复合增速
3.8%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $276.3M | $417.5M |
| 净利润 | $72.9M | $-21.1M |
| 毛利率 | — | 8.9% |
| 营业利润率 | — | 2.6% |
| 净利率 | 26.4% | -5.0% |
| 营收同比 | — | -1.2% |
| 净利润同比 | — | -31.9% |
| 每股收益（稀释后） | $3.35 | $-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CASHRYAM
| Q1 26 | $276.3M | — | ||
| Q4 25 | $173.1M | $417.5M | ||
| Q3 25 | $186.7M | $352.8M | ||
| Q2 25 | $195.8M | $340.0M | ||
| Q1 25 | $274.8M | $356.0M | ||
| Q4 24 | $182.6M | $422.5M | ||
| Q3 24 | $179.5M | $401.1M | ||
| Q2 24 | $188.6M | $419.0M |
净利润CASHRYAM
| Q1 26 | $72.9M | — | ||
| Q4 25 | $35.2M | $-21.1M | ||
| Q3 25 | $38.8M | $-4.5M | ||
| Q2 25 | $42.1M | $-363.2M | ||
| Q1 25 | $75.0M | $-32.0M | ||
| Q4 24 | $30.0M | $-16.0M | ||
| Q3 24 | $33.5M | $-32.6M | ||
| Q2 24 | $44.9M | $11.4M |
毛利率CASHRYAM
| 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% |
营业利润率CASHRYAM
| Q1 26 | — | — | ||
| Q4 25 | 24.6% | 2.6% | ||
| Q3 25 | 25.9% | 2.8% | ||
| Q2 25 | 24.1% | -0.4% | ||
| Q1 25 | 33.2% | -4.2% | ||
| Q4 24 | 19.8% | 2.6% | ||
| Q3 24 | 20.9% | -4.2% | ||
| Q2 24 | 27.1% | 6.7% |
净利率CASHRYAM
| Q1 26 | 26.4% | — | ||
| Q4 25 | 20.3% | -5.0% | ||
| Q3 25 | 20.8% | -1.3% | ||
| Q2 25 | 21.5% | -106.8% | ||
| Q1 25 | 27.3% | -9.0% | ||
| Q4 24 | 16.4% | -3.8% | ||
| Q3 24 | 18.7% | -8.1% | ||
| Q2 24 | 23.8% | 2.7% |
每股收益（稀释后）CASHRYAM
| Q1 26 | $3.35 | — | ||
| Q4 25 | $1.57 | $-0.33 | ||
| Q3 25 | $1.69 | $-0.07 | ||
| Q2 25 | $1.81 | $-5.44 | ||
| Q1 25 | $3.14 | $-0.49 | ||
| Q4 24 | $1.23 | $-0.25 | ||
| Q3 24 | $1.34 | $-0.49 | ||
| Q2 24 | $1.78 | $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 | $157.6M | $75.4M |
| 总债务越低越好 | $59.5M | $758.1M |
| 股东权益账面价值 | $850.7M | $316.6M |
| 总资产 | $7.1B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.07× | 2.39× |
8季度趋势，按日历期对齐
现金及短期投资CASHRYAM
| Q1 26 | $157.6M | — | ||
| Q4 25 | $331.2M | $75.4M | ||
| Q3 25 | $120.6M | $77.0M | ||
| Q2 25 | $258.3M | $70.7M | ||
| Q1 25 | $254.2M | $129.9M | ||
| Q4 24 | $597.4M | $125.2M | ||
| Q3 24 | $158.3M | $136.1M | ||
| Q2 24 | $298.9M | $114.1M |
总债务CASHRYAM
| Q1 26 | $59.5M | — | ||
| Q4 25 | $33.5M | $758.1M | ||
| Q3 25 | $33.5M | $763.5M | ||
| Q2 25 | $33.4M | $720.4M | ||
| Q1 25 | $33.4M | $707.0M | ||
| Q4 24 | $33.4M | $706.4M | ||
| Q3 24 | $33.4M | $747.7M | ||
| Q2 24 | $33.3M | $752.8M |
股东权益CASHRYAM
| Q1 26 | $850.7M | — | ||
| Q4 25 | $854.5M | $316.6M | ||
| Q3 25 | $858.0M | $338.2M | ||
| Q2 25 | $819.0M | $342.3M | ||
| Q1 25 | $814.7M | $688.1M | ||
| Q4 24 | $758.3M | $713.9M | ||
| Q3 24 | $822.5M | $732.7M | ||
| Q2 24 | $748.4M | $755.1M |
总资产CASHRYAM
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.6B | $1.8B | ||
| Q3 25 | $7.2B | $1.8B | ||
| Q2 25 | $7.2B | $1.8B | ||
| Q1 25 | $7.0B | $2.1B | ||
| Q4 24 | $7.6B | $2.1B | ||
| Q3 24 | $7.5B | $2.2B | ||
| Q2 24 | $7.5B | $2.2B |
负债/权益比CASHRYAM
| Q1 26 | 0.07× | — | ||
| Q4 25 | 0.04× | 2.39× | ||
| Q3 25 | 0.04× | 2.26× | ||
| Q2 25 | 0.04× | 2.10× | ||
| Q1 25 | 0.04× | 1.03× | ||
| Q4 24 | 0.04× | 0.99× | ||
| Q3 24 | 0.04× | 1.02× | ||
| Q2 24 | 0.04× | 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CASHRYAM
| Q1 26 | — | — | ||
| Q4 25 | $108.3M | $32.3M | ||
| Q3 25 | $303.7M | $-17.8M | ||
| Q2 25 | $30.4M | $-30.2M | ||
| Q1 25 | $188.3M | $39.6M | ||
| Q4 24 | $-71.7M | $54.9M | ||
| Q3 24 | $143.1M | $49.8M | ||
| Q2 24 | $113.2M | $87.6M |
自由现金流CASHRYAM
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | — | ||
| Q3 25 | $300.3M | — | ||
| Q2 25 | $27.7M | — | ||
| Q1 25 | $184.7M | — | ||
| Q4 24 | $-73.8M | — | ||
| Q3 24 | $138.8M | — | ||
| Q2 24 | $111.0M | — |
自由现金流率CASHRYAM
| Q1 26 | — | — | ||
| Q4 25 | 60.1% | — | ||
| Q3 25 | 160.9% | — | ||
| Q2 25 | 14.1% | — | ||
| Q1 25 | 67.2% | — | ||
| Q4 24 | -40.4% | — | ||
| Q3 24 | 77.3% | — | ||
| Q2 24 | 58.8% | — |
资本支出强度CASHRYAM
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 1.2% | — |
现金转化率CASHRYAM
| Q1 26 | — | — | ||
| Q4 25 | 3.08× | — | ||
| Q3 25 | 7.83× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 2.51× | — | ||
| Q4 24 | -2.39× | — | ||
| Q3 24 | 4.27× | — | ||
| Q2 24 | 2.52× | 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
CASH
| Noninterest Income | $151.2M | 55% |
| Net Interest Income | $125.1M | 45% |
RYAM
| Cellulose Specialties | $249.6M | 60% |
| Other | $86.2M | 21% |
| Paperboard | $44.2M | 11% |
| High Yield Pulp | $28.3M | 7% |
| Biomaterials | $9.2M | 2% |
