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化石集团（FOSL）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.的季度营收约是化石集团的1.5倍（$417.5M vs $270.2M），RAYONIER ADVANCED MATERIALS INC.净利率更高（-5.0% vs -14.8%，领先9.8%），RAYONIER ADVANCED MATERIALS INC.同比增速更快（-1.2% vs -21.1%），过去两年RAYONIER ADVANCED MATERIALS INC.的营收复合增速更高（3.8% vs -11.4%）
化石集团是1984年成立的美国时尚设计制造企业，总部位于得克萨斯州理查森。集团旗下拥有Fossil、Relic、Michele Watch、Skagen、Zodiac Watches等多个品牌，同时也为宝马、彪马、阿玛尼、迈克高仕、DKNY等多个知名品牌代工生产授权配饰。
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。
FOSL vs RYAM — 直观对比
营收规模更大
RYAM
是对方的1.5倍
$270.2M
营收增速更快
RYAM
高出19.9%
-21.1%
净利率更高
RYAM
高出9.8%
-14.8%
两年增速更快
RYAM
近两年复合增速
-11.4%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $270.2M | $417.5M |
| 净利润 | $-40.0M | $-21.1M |
| 毛利率 | 49.0% | 8.9% |
| 营业利润率 | -8.0% | 2.6% |
| 净利率 | -14.8% | -5.0% |
| 营收同比 | -21.1% | -1.2% |
| 净利润同比 | -257.8% | -31.9% |
| 每股收益（稀释后） | $-0.76 | $-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FOSLRYAM
| Q4 25 | $270.2M | $417.5M | ||
| Q3 25 | $220.4M | $352.8M | ||
| Q2 25 | $233.3M | $340.0M | ||
| Q1 25 | — | $356.0M | ||
| Q4 24 | $342.3M | $422.5M | ||
| Q3 24 | $287.8M | $401.1M | ||
| Q2 24 | $260.0M | $419.0M | ||
| Q1 24 | $254.9M | $387.7M |
净利润FOSLRYAM
| Q4 25 | $-40.0M | $-21.1M | ||
| Q3 25 | $-2.1M | $-4.5M | ||
| Q2 25 | $-17.9M | $-363.2M | ||
| Q1 25 | — | $-32.0M | ||
| Q4 24 | $-11.2M | $-16.0M | ||
| Q3 24 | $-31.9M | $-32.6M | ||
| Q2 24 | $-38.8M | $11.4M | ||
| Q1 24 | $-24.3M | $-1.6M |
毛利率FOSLRYAM
| Q4 25 | 49.0% | 8.9% | ||
| Q3 25 | 57.5% | 9.7% | ||
| Q2 25 | 61.3% | 7.0% | ||
| Q1 25 | — | 6.8% | ||
| Q4 24 | 53.9% | 8.7% | ||
| Q3 24 | 49.4% | 10.9% | ||
| Q2 24 | 52.6% | 11.5% | ||
| Q1 24 | 52.4% | 9.5% |
营业利润率FOSLRYAM
| Q4 25 | -8.0% | 2.6% | ||
| Q3 25 | 3.9% | 2.8% | ||
| Q2 25 | -2.9% | -0.4% | ||
| Q1 25 | — | -4.2% | ||
| Q4 24 | -4.8% | 2.6% | ||
| Q3 24 | -8.5% | -4.2% | ||
| Q2 24 | -13.1% | 6.7% | ||
| Q1 24 | -11.5% | 4.4% |
净利率FOSLRYAM
| Q4 25 | -14.8% | -5.0% | ||
| Q3 25 | -1.0% | -1.3% | ||
| Q2 25 | -7.7% | -106.8% | ||
| Q1 25 | — | -9.0% | ||
| Q4 24 | -3.3% | -3.8% | ||
| Q3 24 | -11.1% | -8.1% | ||
| Q2 24 | -14.9% | 2.7% | ||
| Q1 24 | -9.5% | -0.4% |
每股收益（稀释后）FOSLRYAM
| Q4 25 | $-0.76 | $-0.33 | ||
| Q3 25 | $-0.04 | $-0.07 | ||
| Q2 25 | $-0.33 | $-5.44 | ||
| Q1 25 | — | $-0.49 | ||
| Q4 24 | $-0.15 | $-0.25 | ||
| Q3 24 | $-0.60 | $-0.49 | ||
| Q2 24 | $-0.73 | $0.17 | ||
| Q1 24 | $-0.46 | $-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 | $79.2M | $75.4M |
| 总债务越低越好 | $169.1M | $758.1M |
| 股东权益账面价值 | $112.6M | $316.6M |
| 总资产 | $701.0M | $1.8B |
| 负债/权益比越低杠杆越低 | 1.50× | 2.39× |
8季度趋势，按日历期对齐
现金及短期投资FOSLRYAM
| Q4 25 | $79.2M | $75.4M | ||
| Q3 25 | $109.9M | $77.0M | ||
| Q2 25 | $78.3M | $70.7M | ||
| Q1 25 | — | $129.9M | ||
| Q4 24 | $123.6M | $125.2M | ||
| Q3 24 | $106.3M | $136.1M | ||
| Q2 24 | $104.9M | $114.1M | ||
| Q1 24 | $112.9M | $54.6M |
总债务FOSLRYAM
| Q4 25 | $169.1M | $758.1M | ||
| Q3 25 | $165.6M | $763.5M | ||
| Q2 25 | $167.2M | $720.4M | ||
| Q1 25 | — | $707.0M | ||
| Q4 24 | $162.7M | $706.4M | ||
| Q3 24 | $173.4M | $747.7M | ||
| Q2 24 | $156.5M | $752.8M | ||
| Q1 24 | $202.9M | $755.6M |
股东权益FOSLRYAM
| Q4 25 | $112.6M | $316.6M | ||
| Q3 25 | $150.3M | $338.2M | ||
| Q2 25 | $140.6M | $342.3M | ||
| Q1 25 | — | $688.1M | ||
| Q4 24 | $148.7M | $713.9M | ||
| Q3 24 | $164.4M | $732.7M | ||
| Q2 24 | $189.6M | $755.1M | ||
| Q1 24 | $229.1M | $741.8M |
总资产FOSLRYAM
| Q4 25 | $701.0M | $1.8B | ||
| Q3 25 | $704.5M | $1.8B | ||
| Q2 25 | $686.0M | $1.8B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | $763.6M | $2.1B | ||
| Q3 24 | $812.4M | $2.2B | ||
| Q2 24 | $785.7M | $2.2B | ||
| Q1 24 | $891.0M | $2.1B |
负债/权益比FOSLRYAM
| Q4 25 | 1.50× | 2.39× | ||
| Q3 25 | 1.10× | 2.26× | ||
| Q2 25 | 1.19× | 2.10× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | 1.09× | 0.99× | ||
| Q3 24 | 1.06× | 1.02× | ||
| Q2 24 | 0.83× | 1.00× | ||
| Q1 24 | 0.89× | 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 | $-22.2M | $32.3M |
| 自由现金流经营现金流 - 资本支出 | $-22.5M | — |
| 自由现金流率自由现金流/营收 | -8.3% | — |
| 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 | $-46.0M | — |
8季度趋势，按日历期对齐
经营现金流FOSLRYAM
| Q4 25 | $-22.2M | $32.3M | ||
| Q3 25 | $9.4M | $-17.8M | ||
| Q2 25 | $-60.4M | $-30.2M | ||
| Q1 25 | — | $39.6M | ||
| Q4 24 | $30.5M | $54.9M | ||
| Q3 24 | $-22.8M | $49.8M | ||
| Q2 24 | $38.4M | $87.6M | ||
| Q1 24 | $622.0K | $11.3M |
自由现金流FOSLRYAM
| Q4 25 | $-22.5M | — | ||
| Q3 25 | $8.6M | — | ||
| Q2 25 | $-60.6M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $28.5M | — | ||
| Q3 24 | $-24.1M | — | ||
| Q2 24 | $36.6M | — | ||
| Q1 24 | $-1.1M | — |
自由现金流率FOSLRYAM
| Q4 25 | -8.3% | — | ||
| Q3 25 | 3.9% | — | ||
| Q2 25 | -26.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | -8.4% | — | ||
| Q2 24 | 14.1% | — | ||
| Q1 24 | -0.4% | — |
资本支出强度FOSLRYAM
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 0.7% | — |
现金转化率FOSLRYAM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 7.69× | ||
| Q1 24 | — | — |
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
FOSL
| Transferred At Point In Time | $109.7M | 41% |
| Traditional Watches | $91.3M | 34% |
| Other | $50.8M | 19% |
| Leathers | $9.5M | 4% |
| Jewelry | $4.0M | 1% |
| Smartwatches | $3.3M | 1% |
| Products Other | $1.6M | 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% |
