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RAYONIER ADVANCED MATERIALS INC.（RYAM）与BOSTON BEER CO INC（SAM）财务数据对比。点击上方公司名可切换其他公司
BOSTON BEER CO INC的季度营收约是RAYONIER ADVANCED MATERIALS INC.的1.1倍（$461.6M vs $417.5M），RAYONIER ADVANCED MATERIALS INC.同比增速更快（-1.2% vs -4.1%），过去两年RAYONIER ADVANCED MATERIALS INC.的营收复合增速更高（3.8% vs -10.7%）
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。
波士顿啤酒公司是美国知名酿酒企业，1984年由吉姆·科赫与朗达·卡尔曼联合创立。旗下首款产品以美国开国元勋、独立运动先驱塞缪尔·亚当斯命名，后续陆续推出多个自有品牌，2019年正式完成与角鲨头酿酒厂的合并，是北美精酿啤酒行业的核心参与者之一。
RYAM vs SAM — 直观对比
营收规模更大
SAM
是对方的1.1倍
$417.5M
营收增速更快
RYAM
高出2.9%
-4.1%
两年增速更快
RYAM
近两年复合增速
-10.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $417.5M | $461.6M |
| 净利润 | $-21.1M | — |
| 毛利率 | 8.9% | 46.4% |
| 营业利润率 | 2.6% | 12.4% |
| 净利率 | -5.0% | — |
| 营收同比 | -1.2% | -4.1% |
| 净利润同比 | -31.9% | — |
| 每股收益（稀释后） | $-0.33 | $2.16 |
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RYAMSAM
| Q1 26 | — | $461.6M | ||
| Q4 25 | $417.5M | $385.7M | ||
| Q3 25 | $352.8M | $537.5M | ||
| Q2 25 | $340.0M | $587.9M | ||
| Q1 25 | $356.0M | $453.9M | ||
| Q4 24 | $422.5M | $402.3M | ||
| Q3 24 | $401.1M | $605.5M | ||
| Q2 24 | $419.0M | $579.1M |
净利润RYAMSAM
| Q1 26 | — | — | ||
| Q4 25 | $-21.1M | $-22.5M | ||
| Q3 25 | $-4.5M | $46.2M | ||
| Q2 25 | $-363.2M | $60.4M | ||
| Q1 25 | $-32.0M | $24.4M | ||
| Q4 24 | $-16.0M | $-38.8M | ||
| Q3 24 | $-32.6M | $33.5M | ||
| Q2 24 | $11.4M | $52.3M |
毛利率RYAMSAM
| Q1 26 | — | 46.4% | ||
| Q4 25 | 8.9% | 43.5% | ||
| Q3 25 | 9.7% | 50.8% | ||
| Q2 25 | 7.0% | 49.8% | ||
| Q1 25 | 6.8% | 48.3% | ||
| Q4 24 | 8.7% | 39.9% | ||
| Q3 24 | 10.9% | 46.3% | ||
| Q2 24 | 11.5% | 46.0% |
营业利润率RYAMSAM
| Q1 26 | — | 12.4% | ||
| Q4 25 | 2.6% | -8.6% | ||
| Q3 25 | 2.8% | 11.5% | ||
| Q2 25 | -0.4% | 14.0% | ||
| Q1 25 | -4.2% | 7.4% | ||
| Q4 24 | 2.6% | -13.9% | ||
| Q3 24 | -4.2% | 7.6% | ||
| Q2 24 | 6.7% | 12.2% |
净利率RYAMSAM
| Q1 26 | — | — | ||
| Q4 25 | -5.0% | -5.8% | ||
| Q3 25 | -1.3% | 8.6% | ||
| Q2 25 | -106.8% | 10.3% | ||
| Q1 25 | -9.0% | 5.4% | ||
| Q4 24 | -3.8% | -9.6% | ||
| Q3 24 | -8.1% | 5.5% | ||
| Q2 24 | 2.7% | 9.0% |
每股收益（稀释后）RYAMSAM
| Q1 26 | — | $2.16 | ||
| Q4 25 | $-0.33 | $-1.97 | ||
| Q3 25 | $-0.07 | $4.25 | ||
| Q2 25 | $-5.44 | $5.45 | ||
| Q1 25 | $-0.49 | $2.16 | ||
| Q4 24 | $-0.25 | $-3.23 | ||
| Q3 24 | $-0.49 | $2.86 | ||
| Q2 24 | $0.17 | $4.39 |
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 | $164.1M |
| 总债务越低越好 | $758.1M | — |
| 股东权益账面价值 | $316.6M | $682.6M |
| 总资产 | $1.8B | $1.2B |
| 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RYAMSAM
| Q1 26 | — | $164.1M | ||
| Q4 25 | $75.4M | $223.4M | ||
| Q3 25 | $77.0M | $250.5M | ||
| Q2 25 | $70.7M | $212.4M | ||
| Q1 25 | $129.9M | $152.5M | ||
| Q4 24 | $125.2M | $211.8M | ||
| Q3 24 | $136.1M | $255.6M | ||
| Q2 24 | $114.1M | $219.3M |
总债务RYAMSAM
| 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 | — |
股东权益RYAMSAM
| Q1 26 | — | $682.6M | ||
| Q4 25 | $316.6M | $846.3M | ||
| Q3 25 | $338.2M | $911.0M | ||
| Q2 25 | $342.3M | $912.3M | ||
| Q1 25 | $688.1M | $897.0M | ||
| Q4 24 | $713.9M | $916.2M | ||
| Q3 24 | $732.7M | $1.0B | ||
| Q2 24 | $755.1M | $1.0B |
总资产RYAMSAM
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.8B | $1.2B | ||
| Q3 25 | $1.8B | $1.2B | ||
| Q2 25 | $1.8B | $1.3B | ||
| Q1 25 | $2.1B | $1.2B | ||
| Q4 24 | $2.1B | $1.3B | ||
| Q3 24 | $2.2B | $1.4B | ||
| Q2 24 | $2.2B | $1.4B |
负债/权益比RYAMSAM
| 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 | $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 | — | — |
| 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RYAMSAM
| Q1 26 | — | — | ||
| Q4 25 | $32.3M | $39.9M | ||
| Q3 25 | $-17.8M | $101.8M | ||
| Q2 25 | $-30.2M | $126.5M | ||
| Q1 25 | $39.6M | $1.9M | ||
| Q4 24 | $54.9M | $41.9M | ||
| Q3 24 | $49.8M | $115.9M | ||
| Q2 24 | $87.6M | $96.0M |
自由现金流RYAMSAM
| Q1 26 | — | — | ||
| Q4 25 | — | $22.1M | ||
| Q3 25 | — | $89.2M | ||
| Q2 25 | — | $112.2M | ||
| Q1 25 | — | $-8.0M | ||
| Q4 24 | — | $18.4M | ||
| Q3 24 | — | $99.2M | ||
| Q2 24 | — | $75.6M |
自由现金流率RYAMSAM
| Q1 26 | — | — | ||
| Q4 25 | — | 5.7% | ||
| Q3 25 | — | 16.6% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | -1.8% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 16.4% | ||
| Q2 24 | — | 13.1% |
资本支出强度RYAMSAM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 2.8% | ||
| Q2 24 | — | 3.5% |
现金转化率RYAMSAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | — | 2.09× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.46× | ||
| Q2 24 | 7.69× | 1.83× |
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
RYAM
| Cellulose Specialties | $249.6M | 60% |
| Other | $86.2M | 21% |
| Paperboard | $44.2M | 11% |
| High Yield Pulp | $28.3M | 7% |
| Biomaterials | $9.2M | 2% |
SAM
暂无分部数据
