vs
Regency Centers（REG）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Regency Centers的1.0倍（$417.5M vs $404.2M），Regency Centers净利率更高（50.1% vs -5.0%，领先55.1%），Regency Centers同比增速更快（8.5% vs -1.2%），过去两年Regency Centers的营收复合增速更高（5.4% vs 3.8%）
Regency Centers是总部位于美国佛罗里达州杰克逊维尔的房地产投资信托基金，也是以超市为核心租户的大型购物中心运营商之一。截至2020年10月21日，公司共持有415处物业，总建筑面积达5600万平方英尺，知名资产包括Serramonte Center及Village District 30%的股权。
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。
REG vs RYAM — 直观对比
营收规模更大
RYAM
是对方的1.0倍
$404.2M
营收增速更快
REG
高出9.7%
-1.2%
净利率更高
REG
高出55.1%
-5.0%
两年增速更快
REG
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $404.2M | $417.5M |
| 净利润 | $202.5M | $-21.1M |
| 毛利率 | — | 8.9% |
| 营业利润率 | 71.0% | 2.6% |
| 净利率 | 50.1% | -5.0% |
| 营收同比 | 8.5% | -1.2% |
| 净利润同比 | 134.1% | -31.9% |
| 每股收益（稀释后） | — | $-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REGRYAM
| Q4 25 | $404.2M | $417.5M | ||
| Q3 25 | $387.6M | $352.8M | ||
| Q2 25 | $380.8M | $340.0M | ||
| Q1 25 | $380.9M | $356.0M | ||
| Q4 24 | $372.5M | $422.5M | ||
| Q3 24 | $360.3M | $401.1M | ||
| Q2 24 | $357.3M | $419.0M | ||
| Q1 24 | $363.9M | $387.7M |
净利润REGRYAM
| Q4 25 | $202.5M | $-21.1M | ||
| Q3 25 | $109.4M | $-4.5M | ||
| Q2 25 | $106.0M | $-363.2M | ||
| Q1 25 | $109.6M | $-32.0M | ||
| Q4 24 | $86.5M | $-16.0M | ||
| Q3 24 | $101.5M | $-32.6M | ||
| Q2 24 | $102.7M | $11.4M | ||
| Q1 24 | $109.8M | $-1.6M |
毛利率REGRYAM
| 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REGRYAM
| Q4 25 | 71.0% | 2.6% | ||
| Q3 25 | 72.7% | 2.8% | ||
| Q2 25 | 73.8% | -0.4% | ||
| Q1 25 | 71.8% | -4.2% | ||
| Q4 24 | 71.1% | 2.6% | ||
| Q3 24 | 72.5% | -4.2% | ||
| Q2 24 | 72.3% | 6.7% | ||
| Q1 24 | 72.3% | 4.4% |
净利率REGRYAM
| Q4 25 | 50.1% | -5.0% | ||
| Q3 25 | 28.2% | -1.3% | ||
| Q2 25 | 27.8% | -106.8% | ||
| Q1 25 | 28.8% | -9.0% | ||
| Q4 24 | 23.2% | -3.8% | ||
| Q3 24 | 28.2% | -8.1% | ||
| Q2 24 | 28.7% | 2.7% | ||
| Q1 24 | 30.2% | -0.4% |
每股收益（稀释后）REGRYAM
| Q4 25 | — | $-0.33 | ||
| Q3 25 | — | $-0.07 | ||
| Q2 25 | — | $-5.44 | ||
| Q1 25 | — | $-0.49 | ||
| Q4 24 | — | $-0.25 | ||
| Q3 24 | — | $-0.49 | ||
| Q2 24 | — | $0.17 | ||
| Q1 24 | — | $-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 | — | $75.4M |
| 总债务越低越好 | $4.7B | $758.1M |
| 股东权益账面价值 | $6.9B | $316.6M |
| 总资产 | $13.0B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.69× | 2.39× |
8季度趋势，按日历期对齐
现金及短期投资REGRYAM
| Q4 25 | — | $75.4M | ||
| Q3 25 | — | $77.0M | ||
| Q2 25 | — | $70.7M | ||
| Q1 25 | — | $129.9M | ||
| Q4 24 | — | $125.2M | ||
| Q3 24 | — | $136.1M | ||
| Q2 24 | — | $114.1M | ||
| Q1 24 | — | $54.6M |
总债务REGRYAM
| Q4 25 | $4.7B | $758.1M | ||
| Q3 25 | $4.9B | $763.5M | ||
| Q2 25 | $4.8B | $720.4M | ||
| Q1 25 | $4.6B | $707.0M | ||
| Q4 24 | $4.4B | $706.4M | ||
| Q3 24 | $4.4B | $747.7M | ||
| Q2 24 | $4.4B | $752.8M | ||
| Q1 24 | $4.4B | $755.6M |
股东权益REGRYAM
| Q4 25 | $6.9B | $316.6M | ||
| Q3 25 | $6.8B | $338.2M | ||
| Q2 25 | $6.7B | $342.3M | ||
| Q1 25 | $6.7B | $688.1M | ||
| Q4 24 | $6.7B | $713.9M | ||
| Q3 24 | $6.8B | $732.7M | ||
| Q2 24 | $6.8B | $755.1M | ||
| Q1 24 | $7.0B | $741.8M |
总资产REGRYAM
| Q4 25 | $13.0B | $1.8B | ||
| Q3 25 | $13.1B | $1.8B | ||
| Q2 25 | $12.7B | $1.8B | ||
| Q1 25 | $12.6B | $2.1B | ||
| Q4 24 | $12.4B | $2.1B | ||
| Q3 24 | $12.4B | $2.2B | ||
| Q2 24 | $12.4B | $2.2B | ||
| Q1 24 | $12.7B | $2.1B |
负债/权益比REGRYAM
| Q4 25 | 0.69× | 2.39× | ||
| Q3 25 | 0.72× | 2.26× | ||
| Q2 25 | 0.72× | 2.10× | ||
| Q1 25 | 0.69× | 1.03× | ||
| Q4 24 | 0.66× | 0.99× | ||
| Q3 24 | 0.65× | 1.02× | ||
| Q2 24 | 0.64× | 1.00× | ||
| Q1 24 | 0.63× | 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 | $203.9M | $32.3M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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 | 1.01× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流REGRYAM
| Q4 25 | $203.9M | $32.3M | ||
| Q3 25 | $218.7M | $-17.8M | ||
| Q2 25 | $244.0M | $-30.2M | ||
| Q1 25 | $161.0M | $39.6M | ||
| Q4 24 | $191.4M | $54.9M | ||
| Q3 24 | $227.6M | $49.8M | ||
| Q2 24 | $203.5M | $87.6M | ||
| Q1 24 | $167.8M | $11.3M |
现金转化率REGRYAM
| Q4 25 | 1.01× | — | ||
| Q3 25 | 2.00× | — | ||
| Q2 25 | 2.30× | — | ||
| Q1 25 | 1.47× | — | ||
| Q4 24 | 2.21× | — | ||
| Q3 24 | 2.24× | — | ||
| Q2 24 | 1.98× | 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
REG
| Shopping Centers | $418.0M | 103% |
| Propertymanagementservices | $4.1M | 1% |
| Assetmanagementservices | $1.7M | 0% |
RYAM
| Cellulose Specialties | $249.6M | 60% |
| Other | $86.2M | 21% |
| Paperboard | $44.2M | 11% |
| High Yield Pulp | $28.3M | 7% |
| Biomaterials | $9.2M | 2% |
