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Liberty Broadband Corp（LBRDA）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Liberty Broadband Corp的1.6倍（$417.5M vs $261.0M），Liberty Broadband Corp净利率更高（146.7% vs -5.0%，领先151.8%），Liberty Broadband Corp同比增速更快（6.1% vs -1.2%），过去两年Liberty Broadband Corp的营收复合增速更高（4.3% vs 3.8%）
本公司是一家覆盖英、荷、美三地的跨国电信企业，注册地为百慕大，在伦敦、阿姆斯特丹、丹佛设有总部，旗下拥有多家对应司法辖区的运营主体，其中英国主体为公开上市实体，2005年由自由媒体国际业务板块与UnitedGlobalCom合并成立。
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。
LBRDA vs RYAM — 直观对比
营收规模更大
RYAM
是对方的1.6倍
$261.0M
营收增速更快
LBRDA
高出7.3%
-1.2%
净利率更高
LBRDA
高出151.8%
-5.0%
两年增速更快
LBRDA
近两年复合增速
3.8%
损益表 — Q2 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $261.0M | $417.5M |
| 净利润 | $383.0M | $-21.1M |
| 毛利率 | — | 8.9% |
| 营业利润率 | 15.7% | 2.6% |
| 净利率 | 146.7% | -5.0% |
| 营收同比 | 6.1% | -1.2% |
| 净利润同比 | 96.4% | -31.9% |
| 每股收益（稀释后） | $2.68 | $-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LBRDARYAM
| Q4 25 | — | $417.5M | ||
| Q3 25 | — | $352.8M | ||
| Q2 25 | $261.0M | $340.0M | ||
| Q1 25 | $266.0M | $356.0M | ||
| Q4 24 | $263.0M | $422.5M | ||
| Q3 24 | $262.0M | $401.1M | ||
| Q2 24 | $246.0M | $419.0M | ||
| Q1 24 | $245.0M | $387.7M |
净利润LBRDARYAM
| Q4 25 | — | $-21.1M | ||
| Q3 25 | — | $-4.5M | ||
| Q2 25 | $383.0M | $-363.2M | ||
| Q1 25 | $268.0M | $-32.0M | ||
| Q4 24 | $291.0M | $-16.0M | ||
| Q3 24 | $142.0M | $-32.6M | ||
| Q2 24 | $195.0M | $11.4M | ||
| Q1 24 | $241.0M | $-1.6M |
毛利率LBRDARYAM
| Q4 25 | — | 8.9% | ||
| Q3 25 | — | 9.7% | ||
| Q2 25 | — | 7.0% | ||
| Q1 25 | — | 6.8% | ||
| Q4 24 | — | 8.7% | ||
| Q3 24 | — | 10.9% | ||
| Q2 24 | — | 11.5% | ||
| Q1 24 | — | 9.5% |
营业利润率LBRDARYAM
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | 15.7% | -0.4% | ||
| Q1 25 | 16.2% | -4.2% | ||
| Q4 24 | 4.9% | 2.6% | ||
| Q3 24 | 11.5% | -4.2% | ||
| Q2 24 | 8.5% | 6.7% | ||
| Q1 24 | 11.4% | 4.4% |
净利率LBRDARYAM
| Q4 25 | — | -5.0% | ||
| Q3 25 | — | -1.3% | ||
| Q2 25 | 146.7% | -106.8% | ||
| Q1 25 | 100.8% | -9.0% | ||
| Q4 24 | 110.6% | -3.8% | ||
| Q3 24 | 54.2% | -8.1% | ||
| Q2 24 | 79.3% | 2.7% | ||
| Q1 24 | 98.4% | -0.4% |
每股收益（稀释后）LBRDARYAM
| Q4 25 | — | $-0.33 | ||
| Q3 25 | — | $-0.07 | ||
| Q2 25 | $2.68 | $-5.44 | ||
| Q1 25 | $1.87 | $-0.49 | ||
| Q4 24 | $2.04 | $-0.25 | ||
| Q3 24 | $0.99 | $-0.49 | ||
| Q2 24 | $1.36 | $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 | $180.0M | $75.4M |
| 总债务越低越好 | $3.1B | $758.1M |
| 股东权益账面价值 | $10.4B | $316.6M |
| 总资产 | $16.6B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.30× | 2.39× |
8季度趋势，按日历期对齐
现金及短期投资LBRDARYAM
| Q4 25 | — | $75.4M | ||
| Q3 25 | — | $77.0M | ||
| Q2 25 | $180.0M | $70.7M | ||
| Q1 25 | $226.0M | $129.9M | ||
| Q4 24 | $163.0M | $125.2M | ||
| Q3 24 | $168.0M | $136.1M | ||
| Q2 24 | $73.0M | $114.1M | ||
| Q1 24 | $108.0M | $54.6M |
总债务LBRDARYAM
| Q4 25 | — | $758.1M | ||
| Q3 25 | — | $763.5M | ||
| Q2 25 | $3.1B | $720.4M | ||
| Q1 25 | $3.8B | $707.0M | ||
| Q4 24 | $3.8B | $706.4M | ||
| Q3 24 | $3.7B | $747.7M | ||
| Q2 24 | $3.6B | $752.8M | ||
| Q1 24 | $3.6B | $755.6M |
股东权益LBRDARYAM
| Q4 25 | — | $316.6M | ||
| Q3 25 | — | $338.2M | ||
| Q2 25 | $10.4B | $342.3M | ||
| Q1 25 | $10.1B | $688.1M | ||
| Q4 24 | $9.8B | $713.9M | ||
| Q3 24 | $9.5B | $732.7M | ||
| Q2 24 | $9.3B | $755.1M | ||
| Q1 24 | $9.1B | $741.8M |
总资产LBRDARYAM
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | $16.6B | $1.8B | ||
| Q1 25 | $17.0B | $2.1B | ||
| Q4 24 | $16.7B | $2.1B | ||
| Q3 24 | $16.3B | $2.2B | ||
| Q2 24 | $16.0B | $2.2B | ||
| Q1 24 | $15.7B | $2.1B |
负债/权益比LBRDARYAM
| Q4 25 | — | 2.39× | ||
| Q3 25 | — | 2.26× | ||
| Q2 25 | 0.30× | 2.10× | ||
| Q1 25 | 0.38× | 1.03× | ||
| Q4 24 | 0.38× | 0.99× | ||
| Q3 24 | 0.39× | 1.02× | ||
| Q2 24 | 0.39× | 1.00× | ||
| Q1 24 | 0.40× | 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 | $91.0M | $32.3M |
| 自由现金流经营现金流 - 资本支出 | $37.0M | — |
| 自由现金流率自由现金流/营收 | 14.2% | — |
| 资本支出强度资本支出/营收 | 20.7% | — |
| 现金转化率经营现金流/净利润 | 0.24× | — |
| 过去12个月自由现金流最近4个季度 | $-49.0M | — |
8季度趋势，按日历期对齐
经营现金流LBRDARYAM
| Q4 25 | — | $32.3M | ||
| Q3 25 | — | $-17.8M | ||
| Q2 25 | $91.0M | $-30.2M | ||
| Q1 25 | $78.0M | $39.6M | ||
| Q4 24 | $1.0M | $54.9M | ||
| Q3 24 | $24.0M | $49.8M | ||
| Q2 24 | $27.0M | $87.6M | ||
| Q1 24 | $52.0M | $11.3M |
自由现金流LBRDARYAM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $37.0M | — | ||
| Q1 25 | $13.0M | — | ||
| Q4 24 | $-63.0M | — | ||
| Q3 24 | $-36.0M | — | ||
| Q2 24 | $-35.0M | — | ||
| Q1 24 | $-9.0M | — |
自由现金流率LBRDARYAM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 14.2% | — | ||
| Q1 25 | 4.9% | — | ||
| Q4 24 | -24.0% | — | ||
| Q3 24 | -13.7% | — | ||
| Q2 24 | -14.2% | — | ||
| Q1 24 | -3.7% | — |
资本支出强度LBRDARYAM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 20.7% | — | ||
| Q1 25 | 24.4% | — | ||
| Q4 24 | 24.3% | — | ||
| Q3 24 | 22.9% | — | ||
| Q2 24 | 25.2% | — | ||
| Q1 24 | 24.9% | — |
现金转化率LBRDARYAM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.24× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.17× | — | ||
| Q2 24 | 0.14× | 7.69× | ||
| Q1 24 | 0.22× | — |
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
LBRDA
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% |
