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PTC Inc.（PTC）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
PTC Inc.的季度营收约是RAYONIER ADVANCED MATERIALS INC.的1.9倍（$774.3M vs $417.5M），PTC Inc.净利率更高（76.3% vs -5.0%，领先81.3%），PTC Inc.同比增速更快（21.7% vs -1.2%），过去两年PTC Inc.的营收复合增速更高（22.2% vs 3.8%）
PTC是1985年成立的美国计算机软件与服务企业，总部位于马萨诸塞州波士顿。公司1988年率先推出参数化关联特征驱动的三维CAD建模软件，1998年发布基于互联网的产品生命周期管理（PLM）产品，目前面向合作伙伴与开发者提供物联网、增强现实（AR）平台及相关产品服务。
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。
PTC vs RYAM — 直观对比
营收规模更大
PTC
是对方的1.9倍
$417.5M
营收增速更快
PTC
高出22.8%
-1.2%
净利率更高
PTC
高出81.3%
-5.0%
两年增速更快
PTC
近两年复合增速
3.8%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $774.3M | $417.5M |
| 净利润 | $590.7M | $-21.1M |
| 毛利率 | 99.1% | 8.9% |
| 营业利润率 | 38.2% | 2.6% |
| 净利率 | 76.3% | -5.0% |
| 营收同比 | 21.7% | -1.2% |
| 净利润同比 | 141.2% | -31.9% |
| 每股收益（稀释后） | $4.98 | $-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PTCRYAM
| Q1 26 | $774.3M | — | ||
| Q4 25 | $685.8M | $417.5M | ||
| Q3 25 | $893.8M | $352.8M | ||
| Q2 25 | $643.9M | $340.0M | ||
| Q1 25 | $636.4M | $356.0M | ||
| Q4 24 | $565.1M | $422.5M | ||
| Q3 24 | $626.5M | $401.1M | ||
| Q2 24 | $518.6M | $419.0M |
净利润PTCRYAM
| Q1 26 | $590.7M | — | ||
| Q4 25 | $166.5M | $-21.1M | ||
| Q3 25 | $347.8M | $-4.5M | ||
| Q2 25 | $141.3M | $-363.2M | ||
| Q1 25 | $162.6M | $-32.0M | ||
| Q4 24 | $82.2M | $-16.0M | ||
| Q3 24 | $126.5M | $-32.6M | ||
| Q2 24 | $69.0M | $11.4M |
毛利率PTCRYAM
| Q1 26 | 99.1% | — | ||
| Q4 25 | 82.8% | 8.9% | ||
| Q3 25 | 86.9% | 9.7% | ||
| Q2 25 | 82.9% | 7.0% | ||
| Q1 25 | 83.3% | 6.8% | ||
| Q4 24 | 80.2% | 8.7% | ||
| Q3 24 | 82.0% | 10.9% | ||
| Q2 24 | 78.4% | 11.5% |
营业利润率PTCRYAM
| Q1 26 | 38.2% | — | ||
| Q4 25 | 32.2% | 2.6% | ||
| Q3 25 | 48.5% | 2.8% | ||
| Q2 25 | 32.6% | -0.4% | ||
| Q1 25 | 35.1% | -4.2% | ||
| Q4 24 | 20.4% | 2.6% | ||
| Q3 24 | 31.0% | -4.2% | ||
| Q2 24 | 18.5% | 6.7% |
净利率PTCRYAM
| Q1 26 | 76.3% | — | ||
| Q4 25 | 24.3% | -5.0% | ||
| Q3 25 | 38.9% | -1.3% | ||
| Q2 25 | 21.9% | -106.8% | ||
| Q1 25 | 25.6% | -9.0% | ||
| Q4 24 | 14.6% | -3.8% | ||
| Q3 24 | 20.2% | -8.1% | ||
| Q2 24 | 13.3% | 2.7% |
每股收益（稀释后）PTCRYAM
| Q1 26 | $4.98 | — | ||
| Q4 25 | $1.39 | $-0.33 | ||
| Q3 25 | $2.88 | $-0.07 | ||
| Q2 25 | $1.17 | $-5.44 | ||
| Q1 25 | $1.35 | $-0.49 | ||
| Q4 24 | $0.68 | $-0.25 | ||
| Q3 24 | $1.05 | $-0.49 | ||
| Q2 24 | $0.57 | $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 | $439.1M | $75.4M |
| 总债务越低越好 | — | $758.1M |
| 股东权益账面价值 | $3.9B | $316.6M |
| 总资产 | $6.5B | $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PTCRYAM
| Q1 26 | $439.1M | — | ||
| Q4 25 | $209.7M | $75.4M | ||
| Q3 25 | $184.4M | $77.0M | ||
| Q2 25 | $199.3M | $70.7M | ||
| Q1 25 | $235.2M | $129.9M | ||
| Q4 24 | $196.3M | $125.2M | ||
| Q3 24 | $265.8M | $136.1M | ||
| Q2 24 | $247.7M | $114.1M |
总债务PTCRYAM
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $758.1M | ||
| Q3 25 | $1.2B | $763.5M | ||
| Q2 25 | $1.2B | $720.4M | ||
| Q1 25 | $1.4B | $707.0M | ||
| Q4 24 | $1.0B | $706.4M | ||
| Q3 24 | $1.2B | $747.7M | ||
| Q2 24 | $1.3B | $752.8M |
股东权益PTCRYAM
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.8B | $316.6M | ||
| Q3 25 | $3.8B | $338.2M | ||
| Q2 25 | $3.5B | $342.3M | ||
| Q1 25 | $3.4B | $688.1M | ||
| Q4 24 | $3.2B | $713.9M | ||
| Q3 24 | $3.2B | $732.7M | ||
| Q2 24 | $3.0B | $755.1M |
总资产PTCRYAM
| Q1 26 | $6.5B | — | ||
| Q4 25 | $6.4B | $1.8B | ||
| Q3 25 | $6.6B | $1.8B | ||
| Q2 25 | $6.2B | $1.8B | ||
| Q1 25 | $6.2B | $2.1B | ||
| Q4 24 | $6.1B | $2.1B | ||
| Q3 24 | $6.4B | $2.2B | ||
| Q2 24 | $6.1B | $2.2B |
负债/权益比PTCRYAM
| Q1 26 | — | — | ||
| Q4 25 | 0.31× | 2.39× | ||
| Q3 25 | 0.31× | 2.26× | ||
| Q2 25 | 0.34× | 2.10× | ||
| Q1 25 | 0.40× | 1.03× | ||
| Q4 24 | 0.32× | 0.99× | ||
| Q3 24 | 0.38× | 1.02× | ||
| Q2 24 | 0.43× | 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 | $320.9M | $32.3M |
| 自由现金流经营现金流 - 资本支出 | $318.0M | — |
| 自由现金流率自由现金流/营收 | 41.1% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 0.54× | — |
| 过去12个月自由现金流最近4个季度 | $927.9M | — |
8季度趋势，按日历期对齐
经营现金流PTCRYAM
| Q1 26 | $320.9M | — | ||
| Q4 25 | $269.7M | $32.3M | ||
| Q3 25 | $104.0M | $-17.8M | ||
| Q2 25 | $243.9M | $-30.2M | ||
| Q1 25 | $281.3M | $39.6M | ||
| Q4 24 | $238.4M | $54.9M | ||
| Q3 24 | $98.1M | $49.8M | ||
| Q2 24 | $213.8M | $87.6M |
自由现金流PTCRYAM
| Q1 26 | $318.0M | — | ||
| Q4 25 | $267.4M | — | ||
| Q3 25 | $100.5M | — | ||
| Q2 25 | $242.0M | — | ||
| Q1 25 | $278.5M | — | ||
| Q4 24 | $235.7M | — | ||
| Q3 24 | $93.6M | — | ||
| Q2 24 | $212.2M | — |
自由现金流率PTCRYAM
| Q1 26 | 41.1% | — | ||
| Q4 25 | 39.0% | — | ||
| Q3 25 | 11.2% | — | ||
| Q2 25 | 37.6% | — | ||
| Q1 25 | 43.8% | — | ||
| Q4 24 | 41.7% | — | ||
| Q3 24 | 14.9% | — | ||
| Q2 24 | 40.9% | — |
资本支出强度PTCRYAM
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | 0.3% | — |
现金转化率PTCRYAM
| Q1 26 | 0.54× | — | ||
| Q4 25 | 1.62× | — | ||
| Q3 25 | 0.30× | — | ||
| Q2 25 | 1.73× | — | ||
| Q1 25 | 1.73× | — | ||
| Q4 24 | 2.90× | — | ||
| Q3 24 | 0.78× | — | ||
| Q2 24 | 3.10× | 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
PTC
| Recurring revenue | $743.4M | 96% |
| Other | $24.0M | 3% |
| Perpetual license | $6.9M | 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% |
