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Koppers Holdings Inc.（KOP）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
Koppers Holdings Inc.的季度营收约是RAYONIER ADVANCED MATERIALS INC.的1.0倍（$432.7M vs $417.5M），Koppers Holdings Inc.净利率更高（6.9% vs -5.0%，领先11.9%），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 -6.7%）
科佩斯控股是一家全球性化工与材料企业，总部位于美国宾夕法尼亚州匹兹堡，入驻建于1920年代的装饰艺术风格摩天大楼科佩斯大厦，在全球范围内开展相关业务经营。
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。
KOP vs RYAM — 直观对比
营收规模更大
KOP
是对方的1.0倍
$417.5M
营收增速更快
RYAM
高出8.1%
-9.3%
净利率更高
KOP
高出11.9%
-5.0%
两年增速更快
RYAM
近两年复合增速
-6.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $432.7M | $417.5M |
| 净利润 | $29.7M | $-21.1M |
| 毛利率 | 25.6% | 8.9% |
| 营业利润率 | 11.5% | 2.6% |
| 净利率 | 6.9% | -5.0% |
| 营收同比 | -9.3% | -1.2% |
| 净利润同比 | 391.2% | -31.9% |
| 每股收益（稀释后） | $1.44 | $-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KOPRYAM
| Q4 25 | $432.7M | $417.5M | ||
| Q3 25 | $485.3M | $352.8M | ||
| Q2 25 | $504.8M | $340.0M | ||
| Q1 25 | $456.5M | $356.0M | ||
| Q4 24 | $477.0M | $422.5M | ||
| Q3 24 | $554.3M | $401.1M | ||
| Q2 24 | $563.2M | $419.0M | ||
| Q1 24 | $497.6M | $387.7M |
净利润KOPRYAM
| Q4 25 | $29.7M | $-21.1M | ||
| Q3 25 | $23.8M | $-4.5M | ||
| Q2 25 | $16.4M | $-363.2M | ||
| Q1 25 | $-13.9M | $-32.0M | ||
| Q4 24 | $-10.2M | $-16.0M | ||
| Q3 24 | $22.8M | $-32.6M | ||
| Q2 24 | $26.8M | $11.4M | ||
| Q1 24 | $13.0M | $-1.6M |
毛利率KOPRYAM
| Q4 25 | 25.6% | 8.9% | ||
| Q3 25 | 24.1% | 9.7% | ||
| Q2 25 | 22.6% | 7.0% | ||
| Q1 25 | 23.2% | 6.8% | ||
| Q4 24 | 17.5% | 8.7% | ||
| Q3 24 | 21.9% | 10.9% | ||
| Q2 24 | 21.6% | 11.5% | ||
| Q1 24 | 19.3% | 9.5% |
营业利润率KOPRYAM
| Q4 25 | 11.5% | 2.6% | ||
| Q3 25 | 10.7% | 2.8% | ||
| Q2 25 | 7.7% | -0.4% | ||
| Q1 25 | 5.9% | -4.2% | ||
| Q4 24 | 1.3% | 2.6% | ||
| Q3 24 | 9.0% | -4.2% | ||
| Q2 24 | 10.2% | 6.7% | ||
| Q1 24 | 7.0% | 4.4% |
净利率KOPRYAM
| Q4 25 | 6.9% | -5.0% | ||
| Q3 25 | 4.9% | -1.3% | ||
| Q2 25 | 3.2% | -106.8% | ||
| Q1 25 | -3.0% | -9.0% | ||
| Q4 24 | -2.1% | -3.8% | ||
| Q3 24 | 4.1% | -8.1% | ||
| Q2 24 | 4.8% | 2.7% | ||
| Q1 24 | 2.6% | -0.4% |
每股收益（稀释后）KOPRYAM
| Q4 25 | $1.44 | $-0.33 | ||
| Q3 25 | $1.17 | $-0.07 | ||
| Q2 25 | $0.81 | $-5.44 | ||
| Q1 25 | $-0.68 | $-0.49 | ||
| Q4 24 | $-0.47 | $-0.25 | ||
| Q3 24 | $1.09 | $-0.49 | ||
| Q2 24 | $1.25 | $0.17 | ||
| Q1 24 | $0.59 | $-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 | — | $75.4M |
| 总债务越低越好 | $928.3M | $758.1M |
| 股东权益账面价值 | $574.0M | $316.6M |
| 总资产 | $1.9B | $1.8B |
| 负债/权益比越低杠杆越低 | 1.62× | 2.39× |
8季度趋势，按日历期对齐
现金及短期投资KOPRYAM
| Q4 25 | — | $75.4M | ||
| Q3 25 | — | $77.0M | ||
| Q2 25 | — | $70.7M | ||
| Q1 25 | — | $129.9M | ||
| Q4 24 | — | $125.2M | ||
| Q3 24 | — | $136.1M | ||
| Q2 24 | — | $114.1M | ||
| Q1 24 | — | $54.6M |
总债务KOPRYAM
| Q4 25 | $928.3M | $758.1M | ||
| Q3 25 | $932.9M | $763.5M | ||
| Q2 25 | $977.5M | $720.4M | ||
| Q1 25 | $989.0M | $707.0M | ||
| Q4 24 | $939.5M | $706.4M | ||
| Q3 24 | $989.4M | $747.7M | ||
| Q2 24 | $1.0B | $752.8M | ||
| Q1 24 | $877.6M | $755.6M |
股东权益KOPRYAM
| Q4 25 | $574.0M | $316.6M | ||
| Q3 25 | $545.6M | $338.2M | ||
| Q2 25 | $526.8M | $342.3M | ||
| Q1 25 | $498.0M | $688.1M | ||
| Q4 24 | $488.7M | $713.9M | ||
| Q3 24 | $532.3M | $732.7M | ||
| Q2 24 | $509.2M | $755.1M | ||
| Q1 24 | $505.8M | $741.8M |
总资产KOPRYAM
| Q4 25 | $1.9B | $1.8B | ||
| Q3 25 | $1.9B | $1.8B | ||
| Q2 25 | $1.9B | $1.8B | ||
| Q1 25 | $1.9B | $2.1B | ||
| Q4 24 | $1.9B | $2.1B | ||
| Q3 24 | $2.0B | $2.2B | ||
| Q2 24 | $1.9B | $2.2B | ||
| Q1 24 | $1.8B | $2.1B |
负债/权益比KOPRYAM
| Q4 25 | 1.62× | 2.39× | ||
| Q3 25 | 1.71× | 2.26× | ||
| Q2 25 | 1.86× | 2.10× | ||
| Q1 25 | 1.99× | 1.03× | ||
| Q4 24 | 1.92× | 0.99× | ||
| Q3 24 | 1.86× | 1.02× | ||
| Q2 24 | 1.97× | 1.00× | ||
| Q1 24 | 1.74× | 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 | $45.1M | $32.3M |
| 自由现金流经营现金流 - 资本支出 | $28.5M | — |
| 自由现金流率自由现金流/营收 | 6.6% | — |
| 资本支出强度资本支出/营收 | 3.8% | — |
| 现金转化率经营现金流/净利润 | 1.52× | — |
| 过去12个月自由现金流最近4个季度 | $67.5M | — |
8季度趋势，按日历期对齐
经营现金流KOPRYAM
| Q4 25 | $45.1M | $32.3M | ||
| Q3 25 | $49.6M | $-17.8M | ||
| Q2 25 | $50.5M | $-30.2M | ||
| Q1 25 | $-22.7M | $39.6M | ||
| Q4 24 | $74.7M | $54.9M | ||
| Q3 24 | $29.8M | $49.8M | ||
| Q2 24 | $27.2M | $87.6M | ||
| Q1 24 | $-12.3M | $11.3M |
自由现金流KOPRYAM
| Q4 25 | $28.5M | — | ||
| Q3 25 | $37.6M | — | ||
| Q2 25 | $38.4M | — | ||
| Q1 25 | $-37.0M | — | ||
| Q4 24 | $56.1M | — | ||
| Q3 24 | $14.4M | — | ||
| Q2 24 | $10.1M | — | ||
| Q1 24 | $-38.6M | — |
自由现金流率KOPRYAM
| Q4 25 | 6.6% | — | ||
| Q3 25 | 7.7% | — | ||
| Q2 25 | 7.6% | — | ||
| Q1 25 | -8.1% | — | ||
| Q4 24 | 11.8% | — | ||
| Q3 24 | 2.6% | — | ||
| Q2 24 | 1.8% | — | ||
| Q1 24 | -7.8% | — |
资本支出强度KOPRYAM
| Q4 25 | 3.8% | — | ||
| Q3 25 | 2.5% | — | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | 3.9% | — | ||
| Q3 24 | 2.8% | — | ||
| Q2 24 | 3.0% | — | ||
| Q1 24 | 5.3% | — |
现金转化率KOPRYAM
| Q4 25 | 1.52× | — | ||
| Q3 25 | 2.08× | — | ||
| Q2 25 | 3.08× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.31× | — | ||
| Q2 24 | 1.01× | 7.69× | ||
| Q1 24 | -0.95× | — |
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
KOP
| Other | $127.8M | 30% |
| Railroad Treated Products | $119.0M | 28% |
| Utility Poles | $79.8M | 18% |
| Pitch And Related Products | $74.1M | 17% |
| Carbon Black Feedstock And Distillates | $14.4M | 3% |
| Railroad Infrastructure Products And Services | $9.9M | 2% |
| Phthalic Anhydride Naphthalene And Other Chemicals | $7.7M | 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% |
