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陶氏公司（DOW）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
陶氏公司的季度营收约是RAYONIER ADVANCED MATERIALS INC.的22.7倍（$9.5B vs $417.5M）。RAYONIER ADVANCED MATERIALS INC.同比增速更快（-1.2% vs -9.3%）。过去两年RAYONIER ADVANCED MATERIALS INC.的营收复合增速更高（3.8% vs -6.9%）
陶氏化学是总部位于美国密歇根州米德兰的跨国化工企业，2021年位列全球前三大化工生产商，为特拉华州注册的上市控股公司陶氏公司旗下运营子公司，其产品与解决方案广泛服务于制造业、消费品、基础设施建设等全球多个核心产业领域。
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。
DOW vs RYAM — 直观对比
营收规模更大
DOW
是对方的22.7倍
$417.5M
营收增速更快
RYAM
高出8.1%
-9.3%
两年增速更快
RYAM
近两年复合增速
-6.9%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $9.5B | $417.5M |
| 净利润 | — | $-21.1M |
| 毛利率 | 5.8% | 8.9% |
| 营业利润率 | — | 2.6% |
| 净利率 | — | -5.0% |
| 营收同比 | -9.3% | -1.2% |
| 净利润同比 | — | -31.9% |
| 每股收益（稀释后） | $-2.16 | $-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DOWRYAM
| Q1 26 | $9.5B | — | ||
| Q4 25 | $9.5B | $417.5M | ||
| Q3 25 | $10.0B | $352.8M | ||
| Q2 25 | $10.1B | $340.0M | ||
| Q1 25 | $10.4B | $356.0M | ||
| Q4 24 | $10.4B | $422.5M | ||
| Q3 24 | $10.9B | $401.1M | ||
| Q2 24 | $10.9B | $419.0M |
净利润DOWRYAM
| Q1 26 | — | — | ||
| Q4 25 | $-1.5B | $-21.1M | ||
| Q3 25 | $62.0M | $-4.5M | ||
| Q2 25 | $-835.0M | $-363.2M | ||
| Q1 25 | $-307.0M | $-32.0M | ||
| Q4 24 | $-35.0M | $-16.0M | ||
| Q3 24 | $214.0M | $-32.6M | ||
| Q2 24 | $439.0M | $11.4M |
毛利率DOWRYAM
| Q1 26 | 5.8% | — | ||
| Q4 25 | 5.8% | 8.9% | ||
| Q3 25 | 7.3% | 9.7% | ||
| Q2 25 | 5.8% | 7.0% | ||
| Q1 25 | 6.4% | 6.8% | ||
| Q4 24 | 9.0% | 8.7% | ||
| Q3 24 | 9.8% | 10.9% | ||
| Q2 24 | 12.1% | 11.5% |
营业利润率DOWRYAM
| Q1 26 | — | — | ||
| Q4 25 | -16.4% | 2.6% | ||
| Q3 25 | 0.7% | 2.8% | ||
| Q2 25 | -6.5% | -0.4% | ||
| Q1 25 | -3.6% | -4.2% | ||
| Q4 24 | 2.1% | 2.6% | ||
| Q3 24 | 3.0% | -4.2% | ||
| Q2 24 | 5.6% | 6.7% |
净利率DOWRYAM
| Q1 26 | — | — | ||
| Q4 25 | -15.6% | -5.0% | ||
| Q3 25 | 0.6% | -1.3% | ||
| Q2 25 | -8.3% | -106.8% | ||
| Q1 25 | -2.9% | -9.0% | ||
| Q4 24 | -0.3% | -3.8% | ||
| Q3 24 | 2.0% | -8.1% | ||
| Q2 24 | 4.0% | 2.7% |
每股收益（稀释后）DOWRYAM
| Q1 26 | $-2.16 | — | ||
| Q4 25 | $-2.16 | $-0.33 | ||
| Q3 25 | $0.08 | $-0.07 | ||
| Q2 25 | $-1.18 | $-5.44 | ||
| Q1 25 | $-0.44 | $-0.49 | ||
| Q4 24 | $-0.08 | $-0.25 | ||
| Q3 24 | $0.30 | $-0.49 | ||
| Q2 24 | $0.62 | $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 | $3.8B | $75.4M |
| 总债务越低越好 | $17.8B | $758.1M |
| 股东权益账面价值 | $16.0B | $316.6M |
| 总资产 | $58.5B | $1.8B |
| 负债/权益比越低杠杆越低 | 1.12× | 2.39× |
8季度趋势，按日历期对齐
现金及短期投资DOWRYAM
| Q1 26 | $3.8B | — | ||
| Q4 25 | $3.8B | $75.4M | ||
| Q3 25 | $4.6B | $77.0M | ||
| Q2 25 | $2.4B | $70.7M | ||
| Q1 25 | $1.5B | $129.9M | ||
| Q4 24 | $2.2B | $125.2M | ||
| Q3 24 | $2.9B | $136.1M | ||
| Q2 24 | $3.3B | $114.1M |
总债务DOWRYAM
| Q1 26 | $17.8B | — | ||
| Q4 25 | $17.8B | $758.1M | ||
| Q3 25 | $17.7B | $763.5M | ||
| Q2 25 | $16.2B | $720.4M | ||
| Q1 25 | $15.9B | $707.0M | ||
| Q4 24 | $15.7B | $706.4M | ||
| Q3 24 | $16.2B | $747.7M | ||
| Q2 24 | $16.0B | $752.8M |
股东权益DOWRYAM
| Q1 26 | $16.0B | — | ||
| Q4 25 | $16.0B | $316.6M | ||
| Q3 25 | $17.5B | $338.2M | ||
| Q2 25 | $17.2B | $342.3M | ||
| Q1 25 | $16.8B | $688.1M | ||
| Q4 24 | $17.4B | $713.9M | ||
| Q3 24 | $18.3B | $732.7M | ||
| Q2 24 | $18.3B | $755.1M |
总资产DOWRYAM
| Q1 26 | $58.5B | — | ||
| Q4 25 | $58.5B | $1.8B | ||
| Q3 25 | $61.0B | $1.8B | ||
| Q2 25 | $59.0B | $1.8B | ||
| Q1 25 | $57.5B | $2.1B | ||
| Q4 24 | $57.3B | $2.1B | ||
| Q3 24 | $59.4B | $2.2B | ||
| Q2 24 | $58.5B | $2.2B |
负债/权益比DOWRYAM
| Q1 26 | 1.12× | — | ||
| Q4 25 | 1.12× | 2.39× | ||
| Q3 25 | 1.01× | 2.26× | ||
| Q2 25 | 0.94× | 2.10× | ||
| Q1 25 | 0.95× | 1.03× | ||
| Q4 24 | 0.91× | 0.99× | ||
| Q3 24 | 0.88× | 1.02× | ||
| Q2 24 | 0.87× | 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DOWRYAM
| Q1 26 | — | — | ||
| Q4 25 | $284.0M | $32.3M | ||
| Q3 25 | $1.1B | $-17.8M | ||
| Q2 25 | $-470.0M | $-30.2M | ||
| Q1 25 | $91.0M | $39.6M | ||
| Q4 24 | $814.0M | $54.9M | ||
| Q3 24 | $800.0M | $49.8M | ||
| Q2 24 | $836.0M | $87.6M |
自由现金流DOWRYAM
| Q1 26 | — | — | ||
| Q4 25 | $-284.0M | — | ||
| Q3 25 | $563.0M | — | ||
| Q2 25 | $-1.1B | — | ||
| Q1 25 | $-594.0M | — | ||
| Q4 24 | $47.0M | — | ||
| Q3 24 | $64.0M | — | ||
| Q2 24 | $113.0M | — |
自由现金流率DOWRYAM
| Q1 26 | — | — | ||
| Q4 25 | -3.0% | — | ||
| Q3 25 | 5.6% | — | ||
| Q2 25 | -11.2% | — | ||
| Q1 25 | -5.7% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 1.0% | — |
资本支出强度DOWRYAM
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | — | ||
| Q3 25 | 5.7% | — | ||
| Q2 25 | 6.6% | — | ||
| Q1 25 | 6.6% | — | ||
| Q4 24 | 7.4% | — | ||
| Q3 24 | 6.8% | — | ||
| Q2 24 | 6.6% | — |
现金转化率DOWRYAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 18.18× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.74× | — | ||
| Q2 24 | 1.90× | 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
DOW
暂无分部数据
RYAM
| Cellulose Specialties | $249.6M | 60% |
| Other | $86.2M | 21% |
| Paperboard | $44.2M | 11% |
| High Yield Pulp | $28.3M | 7% |
| Biomaterials | $9.2M | 2% |
