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MACOM Technology Solutions Holdings, Inc.（MTSI）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MACOM Technology Solutions Holdings, Inc.的1.5倍（$417.5M vs $271.6M），MACOM Technology Solutions Holdings, Inc.净利率更高（18.0% vs -5.0%，领先23.0%），MACOM Technology Solutions Holdings, Inc.同比增速更快（24.5% vs -1.2%），过去两年MACOM Technology Solutions Holdings, Inc.的营收复合增速更高（22.4% vs 3.8%）
MACOM是美国知名的射频、微波及毫米波半导体器件与组件研发生产商，总部位于马萨诸塞州洛厄尔，2005年曾是当地规模最大的私营雇主。公司已通过ISO9001国际质量体系认证及ISO14001环境管理体系认证，在北美、欧洲、亚洲及澳大利亚均设有设计中心与销售办事处。
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。
MTSI vs RYAM — 直观对比
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $271.6M | $417.5M |
| 净利润 | $48.8M | $-21.1M |
| 毛利率 | 55.9% | 8.9% |
| 营业利润率 | 15.9% | 2.6% |
| 净利率 | 18.0% | -5.0% |
| 营收同比 | 24.5% | -1.2% |
| 净利润同比 | 129.1% | -31.9% |
| 每股收益（稀释后） | $0.64 | $-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
| Q1 26 | $271.6M | — | ||
| Q4 25 | $261.2M | $417.5M | ||
| Q3 25 | $252.1M | $352.8M | ||
| Q2 25 | $235.9M | $340.0M | ||
| Q1 25 | $218.1M | $356.0M | ||
| Q4 24 | — | $422.5M | ||
| Q3 24 | $200.7M | $401.1M | ||
| Q2 24 | $190.5M | $419.0M |
| Q1 26 | $48.8M | — | ||
| Q4 25 | $45.1M | $-21.1M | ||
| Q3 25 | $36.5M | $-4.5M | ||
| Q2 25 | $31.7M | $-363.2M | ||
| Q1 25 | $-167.5M | $-32.0M | ||
| Q4 24 | — | $-16.0M | ||
| Q3 24 | $29.4M | $-32.6M | ||
| Q2 24 | $19.9M | $11.4M |
| Q1 26 | 55.9% | — | ||
| Q4 25 | 54.5% | 8.9% | ||
| Q3 25 | 55.3% | 9.7% | ||
| Q2 25 | 55.2% | 7.0% | ||
| Q1 25 | 53.7% | 6.8% | ||
| Q4 24 | — | 8.7% | ||
| Q3 24 | 54.7% | 10.9% | ||
| Q2 24 | 53.2% | 11.5% |
| Q1 26 | 15.9% | — | ||
| Q4 25 | 15.2% | 2.6% | ||
| Q3 25 | 14.9% | 2.8% | ||
| Q2 25 | 14.8% | -0.4% | ||
| Q1 25 | 8.0% | -4.2% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | 13.7% | -4.2% | ||
| Q2 24 | 10.4% | 6.7% |
| Q1 26 | 18.0% | — | ||
| Q4 25 | 17.3% | -5.0% | ||
| Q3 25 | 14.5% | -1.3% | ||
| Q2 25 | 13.4% | -106.8% | ||
| Q1 25 | -76.8% | -9.0% | ||
| Q4 24 | — | -3.8% | ||
| Q3 24 | 14.7% | -8.1% | ||
| Q2 24 | 10.5% | 2.7% |
| Q1 26 | $0.64 | — | ||
| Q4 25 | $0.67 | $-0.33 | ||
| Q3 25 | $0.48 | $-0.07 | ||
| Q2 25 | $0.42 | $-5.44 | ||
| Q1 25 | $-2.30 | $-0.49 | ||
| Q4 24 | — | $-0.25 | ||
| Q3 24 | $0.40 | $-0.49 | ||
| Q2 24 | $0.27 | $0.17 |
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 | $768.5M | $75.4M |
| 总债务越低越好 | — | $758.1M |
| 股东权益账面价值 | $1.4B | $316.6M |
| 总资产 | $2.1B | $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
| Q1 26 | $768.5M | — | ||
| Q4 25 | $786.0M | $75.4M | ||
| Q3 25 | $735.2M | $77.0M | ||
| Q2 25 | $681.5M | $70.7M | ||
| Q1 25 | $656.5M | $129.9M | ||
| Q4 24 | — | $125.2M | ||
| Q3 24 | $581.9M | $136.1M | ||
| Q2 24 | $521.5M | $114.1M |
| Q1 26 | — | — | ||
| 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 26 | $1.4B | — | ||
| Q4 25 | $1.3B | $316.6M | ||
| Q3 25 | $1.3B | $338.2M | ||
| Q2 25 | $1.2B | $342.3M | ||
| Q1 25 | $1.2B | $688.1M | ||
| Q4 24 | — | $713.9M | ||
| Q3 24 | $1.1B | $732.7M | ||
| Q2 24 | $1.1B | $755.1M |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $1.8B | ||
| Q3 25 | $2.0B | $1.8B | ||
| Q2 25 | $1.9B | $1.8B | ||
| Q1 25 | $1.8B | $2.1B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | $1.8B | $2.2B | ||
| Q2 24 | $1.7B | $2.2B |
| Q1 26 | — | — | ||
| 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× |
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 | $42.9M | $32.3M |
| 自由现金流经营现金流 - 资本支出 | $30.0M | — |
| 自由现金流率自由现金流/营收 | 11.0% | — |
| 资本支出强度资本支出/营收 | 4.8% | — |
| 现金转化率经营现金流/净利润 | 0.88× | — |
| 过去12个月自由现金流最近4个季度 | $161.5M | — |
8季度趋势，按日历期对齐
| Q1 26 | $42.9M | — | ||
| Q4 25 | $69.6M | $32.3M | ||
| Q3 25 | $60.4M | $-17.8M | ||
| Q2 25 | $38.7M | $-30.2M | ||
| Q1 25 | $66.7M | $39.6M | ||
| Q4 24 | — | $54.9M | ||
| Q3 24 | $62.3M | $49.8M | ||
| Q2 24 | $49.0M | $87.6M |
| Q1 26 | $30.0M | — | ||
| Q4 25 | $49.4M | — | ||
| Q3 25 | $51.6M | — | ||
| Q2 25 | $30.5M | — | ||
| Q1 25 | $61.3M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $57.1M | — | ||
| Q2 24 | $41.5M | — |
| Q1 26 | 11.0% | — | ||
| Q4 25 | 18.9% | — | ||
| Q3 25 | 20.5% | — | ||
| Q2 25 | 12.9% | — | ||
| Q1 25 | 28.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 28.5% | — | ||
| Q2 24 | 21.8% | — |
| Q1 26 | 4.8% | — | ||
| Q4 25 | 7.7% | — | ||
| Q3 25 | 3.5% | — | ||
| Q2 25 | 3.5% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.6% | — | ||
| Q2 24 | 3.9% | — |
| Q1 26 | 0.88× | — | ||
| Q4 25 | 1.54× | — | ||
| Q3 25 | 1.65× | — | ||
| Q2 25 | 1.22× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.12× | — | ||
| Q2 24 | 2.46× | 7.69× |
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
MTSI
| Industrial Defense | $117.7M | 43% |
| Data Center | $85.8M | 32% |
| Telecom | $68.1M | 25% |
RYAM
| Cellulose Specialties | $249.6M | 60% |
| Other | $86.2M | 21% |
| Paperboard | $44.2M | 11% |
| High Yield Pulp | $28.3M | 7% |
| Biomaterials | $9.2M | 2% |
