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LANDS' END, INC.（LE）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LANDS' END, INC.的1.3倍（$417.5M vs $317.5M），LANDS' END, INC.净利率更高（1.6% vs -5.0%，领先6.7%），LANDS' END, INC.同比增速更快（0.1% vs -1.2%），过去两年RAYONIER ADVANCED MATERIALS INC.的营收复合增速更高（3.8% vs -0.9%）
Lands' End是1963年诞生于美国芝加哥的服饰零售品牌，最初以邮购游艇用品起家，目前业务拓展至服饰、箱包与家居用品领域。截至2024年2月，品牌在美国本土共开设26家门店，总部位于威斯康星州道奇维尔。品牌名源自地名兰兹角，因创立时印刷错了撇号位置又无力重印，错拼的名称便沿用至今。
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。
LE vs RYAM — 直观对比
营收规模更大
RYAM
是对方的1.3倍
$317.5M
营收增速更快
LE
高出1.3%
-1.2%
净利率更高
LE
高出6.7%
-5.0%
两年增速更快
RYAM
近两年复合增速
-0.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $317.5M | $417.5M |
| 净利润 | $5.2M | $-21.1M |
| 毛利率 | 51.8% | 8.9% |
| 营业利润率 | 5.3% | 2.6% |
| 净利率 | 1.6% | -5.0% |
| 营收同比 | 0.1% | -1.2% |
| 净利润同比 | 198.3% | -31.9% |
| 每股收益（稀释后） | $0.17 | $-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LERYAM
| Q4 25 | $317.5M | $417.5M | ||
| Q3 25 | — | $352.8M | ||
| Q2 25 | $261.2M | $340.0M | ||
| Q1 25 | — | $356.0M | ||
| Q4 24 | $318.6M | $422.5M | ||
| Q3 24 | $317.2M | $401.1M | ||
| Q2 24 | $285.5M | $419.0M | ||
| Q1 24 | $514.9M | $387.7M |
净利润LERYAM
| Q4 25 | $5.2M | $-21.1M | ||
| Q3 25 | — | $-4.5M | ||
| Q2 25 | $-8.3M | $-363.2M | ||
| Q1 25 | — | $-32.0M | ||
| Q4 24 | $-593.0K | $-16.0M | ||
| Q3 24 | $-5.3M | $-32.6M | ||
| Q2 24 | $-6.4M | $11.4M | ||
| Q1 24 | $-8.6M | $-1.6M |
毛利率LERYAM
| Q4 25 | 51.8% | 8.9% | ||
| Q3 25 | — | 9.7% | ||
| Q2 25 | 50.8% | 7.0% | ||
| Q1 25 | — | 6.8% | ||
| Q4 24 | 50.6% | 8.7% | ||
| Q3 24 | 47.9% | 10.9% | ||
| Q2 24 | 48.7% | 11.5% | ||
| Q1 24 | 38.0% | 9.5% |
营业利润率LERYAM
| Q4 25 | 5.3% | 2.6% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | -0.9% | -0.4% | ||
| Q1 25 | — | -4.2% | ||
| Q4 24 | 2.9% | 2.6% | ||
| Q3 24 | 0.8% | -4.2% | ||
| Q2 24 | 0.8% | 6.7% | ||
| Q1 24 | 1.6% | 4.4% |
净利率LERYAM
| Q4 25 | 1.6% | -5.0% | ||
| Q3 25 | — | -1.3% | ||
| Q2 25 | -3.2% | -106.8% | ||
| Q1 25 | — | -9.0% | ||
| Q4 24 | -0.2% | -3.8% | ||
| Q3 24 | -1.7% | -8.1% | ||
| Q2 24 | -2.3% | 2.7% | ||
| Q1 24 | -1.7% | -0.4% |
每股收益（稀释后）LERYAM
| Q4 25 | $0.17 | $-0.33 | ||
| Q3 25 | — | $-0.07 | ||
| Q2 25 | $-0.27 | $-5.44 | ||
| Q1 25 | — | $-0.49 | ||
| Q4 24 | $-0.02 | $-0.25 | ||
| Q3 24 | $-0.17 | $-0.49 | ||
| Q2 24 | $-0.20 | $0.17 | ||
| Q1 24 | $-0.27 | $-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 | $36.3M | $75.4M |
| 总债务越低越好 | — | $758.1M |
| 股东权益账面价值 | $231.0M | $316.6M |
| 总资产 | $852.7M | $1.8B |
| 负债/权益比越低杠杆越低 | — | 2.39× |
8季度趋势，按日历期对齐
现金及短期投资LERYAM
| Q4 25 | $36.3M | $75.4M | ||
| Q3 25 | — | $77.0M | ||
| Q2 25 | $18.1M | $70.7M | ||
| Q1 25 | — | $129.9M | ||
| Q4 24 | $30.4M | $125.2M | ||
| Q3 24 | $25.6M | $136.1M | ||
| Q2 24 | $27.4M | $114.1M | ||
| Q1 24 | $25.3M | $54.6M |
总债务LERYAM
| Q4 25 | — | $758.1M | ||
| Q3 25 | — | $763.5M | ||
| Q2 25 | — | $720.4M | ||
| Q1 25 | — | $707.0M | ||
| Q4 24 | — | $706.4M | ||
| Q3 24 | — | $747.7M | ||
| Q2 24 | — | $752.8M | ||
| Q1 24 | — | $755.6M |
股东权益LERYAM
| Q4 25 | $231.0M | $316.6M | ||
| Q3 25 | — | $338.2M | ||
| Q2 25 | $230.1M | $342.3M | ||
| Q1 25 | — | $688.1M | ||
| Q4 24 | $223.6M | $713.9M | ||
| Q3 24 | $226.5M | $732.7M | ||
| Q2 24 | $234.6M | $755.1M | ||
| Q1 24 | $241.6M | $741.8M |
总资产LERYAM
| Q4 25 | $852.7M | $1.8B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | $760.5M | $1.8B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | $843.6M | $2.1B | ||
| Q3 24 | $802.5M | $2.2B | ||
| Q2 24 | $800.1M | $2.2B | ||
| Q1 24 | $811.5M | $2.1B |
负债/权益比LERYAM
| Q4 25 | — | 2.39× | ||
| Q3 25 | — | 2.26× | ||
| Q2 25 | — | 2.10× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | — | 0.99× | ||
| Q3 24 | — | 1.02× | ||
| Q2 24 | — | 1.00× | ||
| Q1 24 | — | 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 | $-15.7M | $32.3M |
| 自由现金流经营现金流 - 资本支出 | $-22.4M | — |
| 自由现金流率自由现金流/营收 | -7.1% | — |
| 资本支出强度资本支出/营收 | 2.1% | — |
| 现金转化率经营现金流/净利润 | -3.03× | — |
| 过去12个月自由现金流最近4个季度 | $-55.0M | — |
8季度趋势，按日历期对齐
经营现金流LERYAM
| Q4 25 | $-15.7M | $32.3M | ||
| Q3 25 | — | $-17.8M | ||
| Q2 25 | $-22.5M | $-30.2M | ||
| Q1 25 | — | $39.6M | ||
| Q4 24 | $-17.1M | $54.9M | ||
| Q3 24 | $30.7M | $49.8M | ||
| Q2 24 | $-25.8M | $87.6M | ||
| Q1 24 | $93.9M | $11.3M |
自由现金流LERYAM
| Q4 25 | $-22.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-30.7M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-27.8M | — | ||
| Q3 24 | $26.0M | — | ||
| Q2 24 | $-32.6M | — | ||
| Q1 24 | $87.5M | — |
自由现金流率LERYAM
| Q4 25 | -7.1% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -11.8% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -8.7% | — | ||
| Q3 24 | 8.2% | — | ||
| Q2 24 | -11.4% | — | ||
| Q1 24 | 17.0% | — |
资本支出强度LERYAM
| Q4 25 | 2.1% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.2% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | 1.2% | — |
现金转化率LERYAM
| Q4 25 | -3.03× | — | ||
| 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
LE
| U Se Commerce | $179.8M | 57% |
| Business Outfitters Revenue | $78.8M | 25% |
| Licensing And Retail | $20.2M | 6% |
| Other | $19.8M | 6% |
| Third Party | $18.9M | 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% |
