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Elastic N.V.（ESTC）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
Elastic N.V.的季度营收约是RAYONIER ADVANCED MATERIALS INC.的1.0倍（$423.5M vs $417.5M），RAYONIER ADVANCED MATERIALS INC.净利率更高（-5.0% vs -12.1%，领先7.1%），Elastic N.V.同比增速更快（15.9% vs -1.2%），过去两年Elastic N.V.的营收复合增速更高（13.6% vs 3.8%）
Elastic是荷美合资软件企业，2012年成立于荷兰阿姆斯特丹，运营总部分设于荷兰及美国加利福尼亚州旧金山市，于纽交所上市。公司提供企业级搜索、可观测性、网络安全平台，可支持用户实现大规模数据搜索分析、系统性能监测及异常检测。
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。
ESTC vs RYAM — 直观对比
营收规模更大
ESTC
是对方的1.0倍
$417.5M
营收增速更快
ESTC
高出17.1%
-1.2%
净利率更高
RYAM
高出7.1%
-12.1%
两年增速更快
ESTC
近两年复合增速
3.8%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $423.5M | $417.5M |
| 净利润 | $-51.3M | $-21.1M |
| 毛利率 | 75.9% | 8.9% |
| 营业利润率 | -1.9% | 2.6% |
| 净利率 | -12.1% | -5.0% |
| 营收同比 | 15.9% | -1.2% |
| 净利润同比 | -101.5% | -31.9% |
| 每股收益（稀释后） | $-0.48 | $-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ESTCRYAM
| Q4 25 | $423.5M | $417.5M | ||
| Q3 25 | $415.3M | $352.8M | ||
| Q2 25 | $388.4M | $340.0M | ||
| Q1 25 | $382.1M | $356.0M | ||
| Q4 24 | $365.4M | $422.5M | ||
| Q3 24 | $347.4M | $401.1M | ||
| Q2 24 | $335.0M | $419.0M | ||
| Q1 24 | $328.0M | $387.7M |
净利润ESTCRYAM
| Q4 25 | $-51.3M | $-21.1M | ||
| Q3 25 | $-24.6M | $-4.5M | ||
| Q2 25 | $-16.4M | $-363.2M | ||
| Q1 25 | $-17.1M | $-32.0M | ||
| Q4 24 | $-25.4M | $-16.0M | ||
| Q3 24 | $-49.2M | $-32.6M | ||
| Q2 24 | $-41.1M | $11.4M | ||
| Q1 24 | $176.1M | $-1.6M |
毛利率ESTCRYAM
| Q4 25 | 75.9% | 8.9% | ||
| Q3 25 | 76.7% | 9.7% | ||
| Q2 25 | 74.8% | 7.0% | ||
| Q1 25 | 74.6% | 6.8% | ||
| Q4 24 | 74.5% | 8.7% | ||
| Q3 24 | 73.6% | 10.9% | ||
| Q2 24 | 73.8% | 11.5% | ||
| Q1 24 | 74.2% | 9.5% |
营业利润率ESTCRYAM
| Q4 25 | -1.9% | 2.6% | ||
| Q3 25 | -2.3% | 2.8% | ||
| Q2 25 | -3.1% | -0.4% | ||
| Q1 25 | -1.2% | -4.2% | ||
| Q4 24 | -1.2% | 2.6% | ||
| Q3 24 | -9.7% | -4.2% | ||
| Q2 24 | -13.6% | 6.7% | ||
| Q1 24 | -8.1% | 4.4% |
净利率ESTCRYAM
| Q4 25 | -12.1% | -5.0% | ||
| Q3 25 | -5.9% | -1.3% | ||
| Q2 25 | -4.2% | -106.8% | ||
| Q1 25 | -4.5% | -9.0% | ||
| Q4 24 | -7.0% | -3.8% | ||
| Q3 24 | -14.2% | -8.1% | ||
| Q2 24 | -12.3% | 2.7% | ||
| Q1 24 | 53.7% | -0.4% |
每股收益（稀释后）ESTCRYAM
| Q4 25 | $-0.48 | $-0.33 | ||
| Q3 25 | $-0.23 | $-0.07 | ||
| Q2 25 | $-0.15 | $-5.44 | ||
| Q1 25 | $-0.16 | $-0.49 | ||
| Q4 24 | $-0.25 | $-0.25 | ||
| Q3 24 | $-0.48 | $-0.49 | ||
| Q2 24 | $-0.35 | $0.17 | ||
| Q1 24 | $1.69 | $-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 | $1.4B | $75.4M |
| 总债务越低越好 | $570.3M | $758.1M |
| 股东权益账面价值 | $891.1M | $316.6M |
| 总资产 | $2.5B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.64× | 2.39× |
8季度趋势，按日历期对齐
现金及短期投资ESTCRYAM
| Q4 25 | $1.4B | $75.4M | ||
| Q3 25 | $1.5B | $77.0M | ||
| Q2 25 | $1.4B | $70.7M | ||
| Q1 25 | $584.0M | $129.9M | ||
| Q4 24 | $658.5M | $125.2M | ||
| Q3 24 | $594.9M | $136.1M | ||
| Q2 24 | $1.1B | $114.1M | ||
| Q1 24 | $526.9M | $54.6M |
总债务ESTCRYAM
| Q4 25 | $570.3M | $758.1M | ||
| Q3 25 | $570.0M | $763.5M | ||
| Q2 25 | $569.7M | $720.4M | ||
| Q1 25 | $569.4M | $707.0M | ||
| Q4 24 | $569.2M | $706.4M | ||
| Q3 24 | $568.9M | $747.7M | ||
| Q2 24 | $568.6M | $752.8M | ||
| Q1 24 | $568.3M | $755.6M |
股东权益ESTCRYAM
| Q4 25 | $891.1M | $316.6M | ||
| Q3 25 | $971.4M | $338.2M | ||
| Q2 25 | $927.2M | $342.3M | ||
| Q1 25 | $859.1M | $688.1M | ||
| Q4 24 | $811.5M | $713.9M | ||
| Q3 24 | $759.4M | $732.7M | ||
| Q2 24 | $738.2M | $755.1M | ||
| Q1 24 | $707.8M | $741.8M |
总资产ESTCRYAM
| Q4 25 | $2.5B | $1.8B | ||
| Q3 25 | $2.5B | $1.8B | ||
| Q2 25 | $2.6B | $1.8B | ||
| Q1 25 | $2.3B | $2.1B | ||
| Q4 24 | $2.2B | $2.1B | ||
| Q3 24 | $2.2B | $2.2B | ||
| Q2 24 | $2.2B | $2.2B | ||
| Q1 24 | $2.1B | $2.1B |
负债/权益比ESTCRYAM
| Q4 25 | 0.64× | 2.39× | ||
| Q3 25 | 0.59× | 2.26× | ||
| Q2 25 | 0.61× | 2.10× | ||
| Q1 25 | 0.66× | 1.03× | ||
| Q4 24 | 0.70× | 0.99× | ||
| Q3 24 | 0.75× | 1.02× | ||
| Q2 24 | 0.77× | 1.00× | ||
| Q1 24 | 0.80× | 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 | $26.6M | $32.3M |
| 自由现金流经营现金流 - 资本支出 | $26.0M | — |
| 自由现金流率自由现金流/营收 | 6.1% | — |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 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 | $302.3M | — |
8季度趋势，按日历期对齐
经营现金流ESTCRYAM
| Q4 25 | $26.6M | $32.3M | ||
| Q3 25 | $104.8M | $-17.8M | ||
| Q2 25 | $87.0M | $-30.2M | ||
| Q1 25 | $88.1M | $39.6M | ||
| Q4 24 | $38.4M | $54.9M | ||
| Q3 24 | $52.8M | $49.8M | ||
| Q2 24 | $60.9M | $87.6M | ||
| Q1 24 | $52.4M | $11.3M |
自由现金流ESTCRYAM
| Q4 25 | $26.0M | — | ||
| Q3 25 | $104.2M | — | ||
| Q2 25 | $84.9M | — | ||
| Q1 25 | $87.3M | — | ||
| Q4 24 | $37.7M | — | ||
| Q3 24 | $52.0M | — | ||
| Q2 24 | $60.1M | — | ||
| Q1 24 | $51.3M | — |
自由现金流率ESTCRYAM
| Q4 25 | 6.1% | — | ||
| Q3 25 | 25.1% | — | ||
| Q2 25 | 21.8% | — | ||
| Q1 25 | 22.8% | — | ||
| Q4 24 | 10.3% | — | ||
| Q3 24 | 15.0% | — | ||
| Q2 24 | 17.9% | — | ||
| Q1 24 | 15.6% | — |
资本支出强度ESTCRYAM
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.3% | — |
现金转化率ESTCRYAM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 7.69× | ||
| Q1 24 | 0.30× | — |
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
ESTC
| Self Managed Subscription | $192.0M | 45% |
| Saa S Self Managed Annual | $156.9M | 37% |
| Saa S Self Managed Monthly | $48.8M | 12% |
| Professional Services | $25.8M | 6% |
RYAM
| Cellulose Specialties | $249.6M | 60% |
| Other | $86.2M | 21% |
| Paperboard | $44.2M | 11% |
| High Yield Pulp | $28.3M | 7% |
| Biomaterials | $9.2M | 2% |
