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RAYONIER ADVANCED MATERIALS INC.（RYAM）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
SCANSOURCE, INC.的季度营收约是RAYONIER ADVANCED MATERIALS INC.的1.8倍（$766.5M vs $417.5M），SCANSOURCE, INC.净利率更高（2.2% vs -5.0%，领先7.2%），SCANSOURCE, INC.同比增速更快（2.5% vs -1.2%），过去两年RAYONIER ADVANCED MATERIALS INC.的营收复合增速更高（3.8% vs 0.9%）
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。
ScanSource是全球领先的专业技术分销商，主营销售点系统、条码扫描设备、网络安全产品、云服务及通信解决方案，面向北美、拉美、欧洲的增值经销商、服务提供商及企业客户，覆盖零售、医疗、工业、公共部门等领域。
RYAM vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.8倍
$417.5M
营收增速更快
SCSC
高出3.7%
-1.2%
净利率更高
SCSC
高出7.2%
-5.0%
两年增速更快
RYAM
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $417.5M | $766.5M |
| 净利润 | $-21.1M | $16.5M |
| 毛利率 | 8.9% | 13.4% |
| 营业利润率 | 2.6% | 2.3% |
| 净利率 | -5.0% | 2.2% |
| 营收同比 | -1.2% | 2.5% |
| 净利润同比 | -31.9% | -3.3% |
| 每股收益（稀释后） | $-0.33 | $0.75 |
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RYAMSCSC
| Q4 25 | $417.5M | $766.5M | ||
| Q3 25 | $352.8M | $739.6M | ||
| Q2 25 | $340.0M | $812.9M | ||
| Q1 25 | $356.0M | $704.8M | ||
| Q4 24 | $422.5M | $747.5M | ||
| Q3 24 | $401.1M | $775.6M | ||
| Q2 24 | $419.0M | $746.1M | ||
| Q1 24 | $387.7M | $752.6M |
净利润RYAMSCSC
| Q4 25 | $-21.1M | $16.5M | ||
| Q3 25 | $-4.5M | $19.9M | ||
| Q2 25 | $-363.2M | $20.1M | ||
| Q1 25 | $-32.0M | $17.4M | ||
| Q4 24 | $-16.0M | $17.1M | ||
| Q3 24 | $-32.6M | $17.0M | ||
| Q2 24 | $11.4M | $16.1M | ||
| Q1 24 | $-1.6M | $12.8M |
毛利率RYAMSCSC
| Q4 25 | 8.9% | 13.4% | ||
| Q3 25 | 9.7% | 14.5% | ||
| Q2 25 | 7.0% | 12.9% | ||
| Q1 25 | 6.8% | 14.2% | ||
| Q4 24 | 8.7% | 13.6% | ||
| Q3 24 | 10.9% | 13.1% | ||
| Q2 24 | 11.5% | 13.0% | ||
| Q1 24 | 9.5% | 12.6% |
营业利润率RYAMSCSC
| Q4 25 | 2.6% | 2.3% | ||
| Q3 25 | 2.8% | 3.5% | ||
| Q2 25 | -0.4% | 3.3% | ||
| Q1 25 | -4.2% | 3.2% | ||
| Q4 24 | 2.6% | 2.5% | ||
| Q3 24 | -4.2% | 2.3% | ||
| Q2 24 | 6.7% | 2.9% | ||
| Q1 24 | 4.4% | 2.3% |
净利率RYAMSCSC
| Q4 25 | -5.0% | 2.2% | ||
| Q3 25 | -1.3% | 2.7% | ||
| Q2 25 | -106.8% | 2.5% | ||
| Q1 25 | -9.0% | 2.5% | ||
| Q4 24 | -3.8% | 2.3% | ||
| Q3 24 | -8.1% | 2.2% | ||
| Q2 24 | 2.7% | 2.2% | ||
| Q1 24 | -0.4% | 1.7% |
每股收益（稀释后）RYAMSCSC
| Q4 25 | $-0.33 | $0.75 | ||
| Q3 25 | $-0.07 | $0.89 | ||
| Q2 25 | $-5.44 | $0.87 | ||
| Q1 25 | $-0.49 | $0.74 | ||
| Q4 24 | $-0.25 | $0.70 | ||
| Q3 24 | $-0.49 | $0.69 | ||
| Q2 24 | $0.17 | $0.66 | ||
| Q1 24 | $-0.02 | $0.50 |
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 | $83.5M |
| 总债务越低越好 | $758.1M | — |
| 股东权益账面价值 | $316.6M | $910.9M |
| 总资产 | $1.8B | $1.7B |
| 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RYAMSCSC
| Q4 25 | $75.4M | $83.5M | ||
| Q3 25 | $77.0M | $124.9M | ||
| Q2 25 | $70.7M | $126.2M | ||
| Q1 25 | $129.9M | $146.3M | ||
| Q4 24 | $125.2M | $110.5M | ||
| Q3 24 | $136.1M | $145.0M | ||
| Q2 24 | $114.1M | $185.5M | ||
| Q1 24 | $54.6M | $159.1M |
总债务RYAMSCSC
| 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 24 | $755.6M | — |
股东权益RYAMSCSC
| Q4 25 | $316.6M | $910.9M | ||
| Q3 25 | $338.2M | $914.0M | ||
| Q2 25 | $342.3M | $906.4M | ||
| Q1 25 | $688.1M | $901.7M | ||
| Q4 24 | $713.9M | $900.7M | ||
| Q3 24 | $732.7M | $920.9M | ||
| Q2 24 | $755.1M | $924.3M | ||
| Q1 24 | $741.8M | $944.1M |
总资产RYAMSCSC
| Q4 25 | $1.8B | $1.7B | ||
| Q3 25 | $1.8B | $1.7B | ||
| Q2 25 | $1.8B | $1.8B | ||
| Q1 25 | $2.1B | $1.7B | ||
| Q4 24 | $2.1B | $1.7B | ||
| Q3 24 | $2.2B | $1.8B | ||
| Q2 24 | $2.2B | $1.8B | ||
| Q1 24 | $2.1B | $1.8B |
负债/权益比RYAMSCSC
| 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× | — | ||
| Q1 24 | 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 | $32.3M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | — | $28.9M |
| 自由现金流率自由现金流/营收 | — | 3.8% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 现金转化率经营现金流/净利润 | — | 1.87× |
| 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RYAMSCSC
| Q4 25 | $32.3M | $30.8M | ||
| Q3 25 | $-17.8M | $23.2M | ||
| Q2 25 | $-30.2M | — | ||
| Q1 25 | $39.6M | $66.1M | ||
| Q4 24 | $54.9M | $-6.2M | ||
| Q3 24 | $49.8M | $44.8M | ||
| Q2 24 | $87.6M | — | ||
| Q1 24 | $11.3M | $160.2M |
自由现金流RYAMSCSC
| Q4 25 | — | $28.9M | ||
| Q3 25 | — | $20.8M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $64.6M | ||
| Q4 24 | — | $-8.2M | ||
| Q3 24 | — | $42.5M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $157.7M |
自由现金流率RYAMSCSC
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 21.0% |
资本支出强度RYAMSCSC
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.3% |
现金转化率RYAMSCSC
| Q4 25 | — | 1.87× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | — | 2.64× | ||
| Q2 24 | 7.69× | — | ||
| Q1 24 | — | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
