vs
科迪华（CTVA）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
科迪华的季度营收约是RAYONIER ADVANCED MATERIALS INC.的9.4倍（$3.9B vs $417.5M）。RAYONIER ADVANCED MATERIALS INC.净利率更高（-5.0% vs -14.1%，领先9.1%）。RAYONIER ADVANCED MATERIALS INC.同比增速更快（-1.2% vs -1.7%）。过去两年RAYONIER ADVANCED MATERIALS INC.的营收复合增速更高（3.8% vs -6.7%）
科迪华是一家美国农业科技企业，主营种子与作物保护产品，涵盖除草剂、杀虫剂、杀菌剂及生物制剂，业务覆盖全球110个国家，总部位于印第安纳州印第安纳波利斯，旗下大部分种子产品以先锋良种国际品牌销售。
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。
CTVA vs RYAM — 直观对比
营收规模更大
CTVA
是对方的9.4倍
$417.5M
营收增速更快
RYAM
高出0.5%
-1.7%
净利率更高
RYAM
高出9.1%
-14.1%
两年增速更快
RYAM
近两年复合增速
-6.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $417.5M |
| 净利润 | $-552.0M | $-21.1M |
| 毛利率 | 42.4% | 8.9% |
| 营业利润率 | -13.6% | 2.6% |
| 净利率 | -14.1% | -5.0% |
| 营收同比 | -1.7% | -1.2% |
| 净利润同比 | -1246.3% | -31.9% |
| 每股收益（稀释后） | $-0.80 | $-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CTVARYAM
| Q4 25 | $3.9B | $417.5M | ||
| Q3 25 | $2.6B | $352.8M | ||
| Q2 25 | $6.5B | $340.0M | ||
| Q1 25 | $4.4B | $356.0M | ||
| Q4 24 | $4.0B | $422.5M | ||
| Q3 24 | $2.3B | $401.1M | ||
| Q2 24 | $6.1B | $419.0M | ||
| Q1 24 | $4.5B | $387.7M |
净利润CTVARYAM
| Q4 25 | $-552.0M | $-21.1M | ||
| Q3 25 | $-320.0M | $-4.5M | ||
| Q2 25 | $1.3B | $-363.2M | ||
| Q1 25 | $652.0M | $-32.0M | ||
| Q4 24 | $-41.0M | $-16.0M | ||
| Q3 24 | $-524.0M | $-32.6M | ||
| Q2 24 | $1.1B | $11.4M | ||
| Q1 24 | $419.0M | $-1.6M |
毛利率CTVARYAM
| Q4 25 | 42.4% | 8.9% | ||
| Q3 25 | 37.2% | 9.7% | ||
| Q2 25 | 54.6% | 7.0% | ||
| Q1 25 | 47.0% | 6.8% | ||
| Q4 24 | 37.3% | 8.7% | ||
| Q3 24 | 32.7% | 10.9% | ||
| Q2 24 | 52.3% | 11.5% | ||
| Q1 24 | 43.2% | 9.5% |
营业利润率CTVARYAM
| Q4 25 | -13.6% | 2.6% | ||
| Q3 25 | -14.1% | 2.8% | ||
| Q2 25 | 27.9% | -0.4% | ||
| Q1 25 | 17.7% | -4.2% | ||
| Q4 24 | 2.2% | 2.6% | ||
| Q3 24 | -27.2% | -4.2% | ||
| Q2 24 | 21.9% | 6.7% | ||
| Q1 24 | 10.7% | 4.4% |
净利率CTVARYAM
| Q4 25 | -14.1% | -5.0% | ||
| Q3 25 | -12.2% | -1.3% | ||
| Q2 25 | 20.4% | -106.8% | ||
| Q1 25 | 14.8% | -9.0% | ||
| Q4 24 | -1.0% | -3.8% | ||
| Q3 24 | -22.5% | -8.1% | ||
| Q2 24 | 17.2% | 2.7% | ||
| Q1 24 | 9.3% | -0.4% |
每股收益（稀释后）CTVARYAM
| Q4 25 | $-0.80 | $-0.33 | ||
| Q3 25 | $-0.47 | $-0.07 | ||
| Q2 25 | $1.92 | $-5.44 | ||
| Q1 25 | $0.95 | $-0.49 | ||
| Q4 24 | $-0.05 | $-0.25 | ||
| Q3 24 | $-0.76 | $-0.49 | ||
| Q2 24 | $1.51 | $0.17 | ||
| Q1 24 | $0.60 | $-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 | $4.5B | $75.4M |
| 总债务越低越好 | $1.7B | $758.1M |
| 股东权益账面价值 | $24.1B | $316.6M |
| 总资产 | $42.8B | $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CTVARYAM
| Q4 25 | $4.5B | $75.4M | ||
| Q3 25 | $2.6B | $77.0M | ||
| Q2 25 | $2.1B | $70.7M | ||
| Q1 25 | $2.0B | $129.9M | ||
| Q4 24 | $3.2B | $125.2M | ||
| Q3 24 | $2.5B | $136.1M | ||
| Q2 24 | $2.0B | $114.1M | ||
| Q1 24 | $1.7B | $54.6M |
总债务CTVARYAM
| Q4 25 | $1.7B | $758.1M | ||
| Q3 25 | $1.7B | $763.5M | ||
| Q2 25 | $1.7B | $720.4M | ||
| Q1 25 | $1.8B | $707.0M | ||
| Q4 24 | $2.0B | $706.4M | ||
| Q3 24 | $2.0B | $747.7M | ||
| Q2 24 | $2.5B | $752.8M | ||
| Q1 24 | $2.5B | $755.6M |
股东权益CTVARYAM
| Q4 25 | $24.1B | $316.6M | ||
| Q3 25 | $25.2B | $338.2M | ||
| Q2 25 | $25.9B | $342.3M | ||
| Q1 25 | $24.3B | $688.1M | ||
| Q4 24 | $23.8B | $713.9M | ||
| Q3 24 | $24.7B | $732.7M | ||
| Q2 24 | $25.2B | $755.1M | ||
| Q1 24 | $24.8B | $741.8M |
总资产CTVARYAM
| Q4 25 | $42.8B | $1.8B | ||
| Q3 25 | $42.2B | $1.8B | ||
| Q2 25 | $41.8B | $1.8B | ||
| Q1 25 | $42.1B | $2.1B | ||
| Q4 24 | $40.8B | $2.1B | ||
| Q3 24 | $41.9B | $2.2B | ||
| Q2 24 | $41.5B | $2.2B | ||
| Q1 24 | $43.6B | $2.1B |
负债/权益比CTVARYAM
| Q4 25 | 0.07× | 2.39× | ||
| Q3 25 | 0.07× | 2.26× | ||
| Q2 25 | 0.07× | 2.10× | ||
| Q1 25 | 0.07× | 1.03× | ||
| Q4 24 | 0.08× | 0.99× | ||
| Q3 24 | 0.08× | 1.02× | ||
| Q2 24 | 0.10× | 1.00× | ||
| Q1 24 | 0.10× | 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 | $4.4B | $32.3M |
| 自由现金流经营现金流 - 资本支出 | $4.2B | — |
| 自由现金流率自由现金流/营收 | 106.2% | — |
| 资本支出强度资本支出/营收 | 5.7% | — |
| 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 | $2.8B | — |
8季度趋势，按日历期对齐
经营现金流CTVARYAM
| Q4 25 | $4.4B | $32.3M | ||
| Q3 25 | $193.0M | $-17.8M | ||
| Q2 25 | $947.0M | $-30.2M | ||
| Q1 25 | $-2.1B | $39.6M | ||
| Q4 24 | $4.2B | $54.9M | ||
| Q3 24 | $130.0M | $49.8M | ||
| Q2 24 | $451.0M | $87.6M | ||
| Q1 24 | $-2.6B | $11.3M |
自由现金流CTVARYAM
| Q4 25 | $4.2B | — | ||
| Q3 25 | $36.0M | — | ||
| Q2 25 | $829.0M | — | ||
| Q1 25 | $-2.2B | — | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $-24.0M | — | ||
| Q2 24 | $337.0M | — | ||
| Q1 24 | $-2.8B | — |
自由现金流率CTVARYAM
| Q4 25 | 106.2% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 12.8% | — | ||
| Q1 25 | -49.9% | — | ||
| Q4 24 | 100.4% | — | ||
| Q3 24 | -1.0% | — | ||
| Q2 24 | 5.5% | — | ||
| Q1 24 | -61.4% | — |
资本支出强度CTVARYAM
| Q4 25 | 5.7% | — | ||
| Q3 25 | 6.0% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 2.1% | — | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 6.6% | — | ||
| Q2 24 | 1.9% | — | ||
| Q1 24 | 3.3% | — |
现金转化率CTVARYAM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | -3.23× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.43× | 7.69× | ||
| Q1 24 | -6.23× | — |
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
CTVA
| Corn | $1.4B | 35% |
| Herbicides | $1.1B | 27% |
| Insecticides | $488.0M | 12% |
| Fungicides | $272.0M | 7% |
| Biologicals | $191.0M | 5% |
| Soybean | $164.0M | 4% |
| Other | $160.0M | 4% |
| Otheroilseeds | $94.0M | 2% |
RYAM
| Cellulose Specialties | $249.6M | 60% |
| Other | $86.2M | 21% |
| Paperboard | $44.2M | 11% |
| High Yield Pulp | $28.3M | 7% |
| Biomaterials | $9.2M | 2% |
