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摩丁制造（MOD）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
摩丁制造的季度营收约是RAYONIER ADVANCED MATERIALS INC.的1.9倍（$805.0M vs $417.5M），RAYONIER ADVANCED MATERIALS INC.净利率更高（-5.0% vs -5.9%，领先0.8%），摩丁制造同比增速更快（30.5% vs -1.2%），过去两年摩丁制造的营收复合增速更高（15.5% vs 3.8%）
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
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。
MOD vs RYAM — 直观对比
营收规模更大
MOD
是对方的1.9倍
$417.5M
营收增速更快
MOD
高出31.7%
-1.2%
净利率更高
RYAM
高出0.8%
-5.9%
两年增速更快
MOD
近两年复合增速
3.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $805.0M | $417.5M |
| 净利润 | $-47.4M | $-21.1M |
| 毛利率 | 23.1% | 8.9% |
| 营业利润率 | 11.1% | 2.6% |
| 净利率 | -5.9% | -5.0% |
| 营收同比 | 30.5% | -1.2% |
| 净利润同比 | -215.6% | -31.9% |
| 每股收益（稀释后） | $-0.90 | $-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MODRYAM
| Q4 25 | $805.0M | $417.5M | ||
| Q3 25 | $738.9M | $352.8M | ||
| Q2 25 | $682.8M | $340.0M | ||
| Q1 25 | $647.2M | $356.0M | ||
| Q4 24 | $616.8M | $422.5M | ||
| Q3 24 | $658.0M | $401.1M | ||
| Q2 24 | $661.5M | $419.0M | ||
| Q1 24 | $603.5M | $387.7M |
净利润MODRYAM
| Q4 25 | $-47.4M | $-21.1M | ||
| Q3 25 | $44.4M | $-4.5M | ||
| Q2 25 | $51.2M | $-363.2M | ||
| Q1 25 | $49.6M | $-32.0M | ||
| Q4 24 | $41.0M | $-16.0M | ||
| Q3 24 | $46.1M | $-32.6M | ||
| Q2 24 | $47.3M | $11.4M | ||
| Q1 24 | $25.8M | $-1.6M |
毛利率MODRYAM
| Q4 25 | 23.1% | 8.9% | ||
| Q3 25 | 22.3% | 9.7% | ||
| Q2 25 | 24.2% | 7.0% | ||
| Q1 25 | 25.6% | 6.8% | ||
| Q4 24 | 24.3% | 8.7% | ||
| Q3 24 | 25.2% | 10.9% | ||
| Q2 24 | 24.6% | 11.5% | ||
| Q1 24 | 22.4% | 9.5% |
营业利润率MODRYAM
| Q4 25 | 11.1% | 2.6% | ||
| Q3 25 | 9.9% | 2.8% | ||
| Q2 25 | 11.1% | -0.4% | ||
| Q1 25 | 11.5% | -4.2% | ||
| Q4 24 | 9.6% | 2.6% | ||
| Q3 24 | 11.4% | -4.2% | ||
| Q2 24 | 11.2% | 6.7% | ||
| Q1 24 | 7.8% | 4.4% |
净利率MODRYAM
| Q4 25 | -5.9% | -5.0% | ||
| Q3 25 | 6.0% | -1.3% | ||
| Q2 25 | 7.5% | -106.8% | ||
| Q1 25 | 7.7% | -9.0% | ||
| Q4 24 | 6.6% | -3.8% | ||
| Q3 24 | 7.0% | -8.1% | ||
| Q2 24 | 7.2% | 2.7% | ||
| Q1 24 | 4.3% | -0.4% |
每股收益（稀释后）MODRYAM
| Q4 25 | $-0.90 | $-0.33 | ||
| Q3 25 | $0.83 | $-0.07 | ||
| Q2 25 | $0.95 | $-5.44 | ||
| Q1 25 | $0.92 | $-0.49 | ||
| Q4 24 | $0.76 | $-0.25 | ||
| Q3 24 | $0.86 | $-0.49 | ||
| Q2 24 | $0.88 | $0.17 | ||
| Q1 24 | $0.48 | $-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 | $98.7M | $75.4M |
| 总债务越低越好 | $570.7M | $758.1M |
| 股东权益账面价值 | $1.1B | $316.6M |
| 总资产 | $2.5B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.51× | 2.39× |
8季度趋势，按日历期对齐
现金及短期投资MODRYAM
| Q4 25 | $98.7M | $75.4M | ||
| Q3 25 | $83.8M | $77.0M | ||
| Q2 25 | $124.5M | $70.7M | ||
| Q1 25 | $71.6M | $129.9M | ||
| Q4 24 | $83.8M | $125.2M | ||
| Q3 24 | $78.6M | $136.1M | ||
| Q2 24 | $72.9M | $114.1M | ||
| Q1 24 | $60.1M | $54.6M |
总债务MODRYAM
| Q4 25 | $570.7M | $758.1M | ||
| Q3 25 | $525.8M | $763.5M | ||
| Q2 25 | $482.1M | $720.4M | ||
| Q1 25 | $296.7M | $707.0M | ||
| Q4 24 | $330.0M | $706.4M | ||
| Q3 24 | $359.1M | $747.7M | ||
| Q2 24 | $405.7M | $752.8M | ||
| Q1 24 | $399.9M | $755.6M |
股东权益MODRYAM
| Q4 25 | $1.1B | $316.6M | ||
| Q3 25 | $1.1B | $338.2M | ||
| Q2 25 | $1.0B | $342.3M | ||
| Q1 25 | $910.2M | $688.1M | ||
| Q4 24 | $855.1M | $713.9M | ||
| Q3 24 | $858.8M | $732.7M | ||
| Q2 24 | $788.4M | $755.1M | ||
| Q1 24 | $747.6M | $741.8M |
总资产MODRYAM
| Q4 25 | $2.5B | $1.8B | ||
| Q3 25 | $2.4B | $1.8B | ||
| Q2 25 | $2.2B | $1.8B | ||
| Q1 25 | $1.9B | $2.1B | ||
| Q4 24 | $1.8B | $2.1B | ||
| Q3 24 | $1.9B | $2.2B | ||
| Q2 24 | $1.9B | $2.2B | ||
| Q1 24 | $1.9B | $2.1B |
负债/权益比MODRYAM
| Q4 25 | 0.51× | 2.39× | ||
| Q3 25 | 0.50× | 2.26× | ||
| Q2 25 | 0.48× | 2.10× | ||
| Q1 25 | 0.33× | 1.03× | ||
| Q4 24 | 0.39× | 0.99× | ||
| Q3 24 | 0.42× | 1.02× | ||
| Q2 24 | 0.51× | 1.00× | ||
| Q1 24 | 0.53× | 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 | $24.7M | $32.3M |
| 自由现金流经营现金流 - 资本支出 | $-17.1M | — |
| 自由现金流率自由现金流/营收 | -2.1% | — |
| 资本支出强度资本支出/营收 | 5.2% | — |
| 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 | $-20.3M | — |
8季度趋势，按日历期对齐
经营现金流MODRYAM
| Q4 25 | $24.7M | $32.3M | ||
| Q3 25 | $1.4M | $-17.8M | ||
| Q2 25 | $27.7M | $-30.2M | ||
| Q1 25 | $54.8M | $39.6M | ||
| Q4 24 | $60.7M | $54.9M | ||
| Q3 24 | $57.3M | $49.8M | ||
| Q2 24 | $40.5M | $87.6M | ||
| Q1 24 | $39.6M | $11.3M |
自由现金流MODRYAM
| Q4 25 | $-17.1M | — | ||
| Q3 25 | $-30.5M | — | ||
| Q2 25 | $200.0K | — | ||
| Q1 25 | $27.1M | — | ||
| Q4 24 | $44.7M | — | ||
| Q3 24 | $43.8M | — | ||
| Q2 24 | $13.7M | — | ||
| Q1 24 | $-4.3M | — |
自由现金流率MODRYAM
| Q4 25 | -2.1% | — | ||
| Q3 25 | -4.1% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 4.2% | — | ||
| Q4 24 | 7.2% | — | ||
| Q3 24 | 6.7% | — | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | -0.7% | — |
资本支出强度MODRYAM
| Q4 25 | 5.2% | — | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | 4.0% | — | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 4.1% | — | ||
| Q1 24 | 7.3% | — |
现金转化率MODRYAM
| Q4 25 | — | — | ||
| Q3 25 | 0.03× | — | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.24× | — | ||
| Q2 24 | 0.86× | 7.69× | ||
| Q1 24 | 1.53× | — |
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
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 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% |
