vs
RAYONIER ADVANCED MATERIALS INC.（RYAM）与SPORTSMAN'S WAREHOUSE HOLDINGS, INC.（SPWH）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SPORTSMAN'S WAREHOUSE HOLDINGS, INC.的1.3倍（$417.5M vs $331.3M），SPORTSMAN'S WAREHOUSE HOLDINGS, INC.净利率更高（0.0% vs -5.0%，领先5.0%），SPORTSMAN'S WAREHOUSE HOLDINGS, INC.同比增速更快（2.2% vs -1.2%），过去两年RAYONIER ADVANCED MATERIALS INC.的营收复合增速更高（3.8% vs -5.4%）
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。
运动员仓库控股（Sportsman's Warehouse）是美国户外体育用品零售商，门店遍布全美29个州，主要面向狩猎、射击、露营、垂钓等各类户外休闲运动爱好者，销售户外服饰、鞋履及专业运动装备。
RYAM vs SPWH — 直观对比
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $417.5M | $331.3M |
| 净利润 | $-21.1M | $8.0K |
| 毛利率 | 8.9% | 32.8% |
| 营业利润率 | 2.6% | 1.3% |
| 净利率 | -5.0% | 0.0% |
| 营收同比 | -1.2% | 2.2% |
| 净利润同比 | -31.9% | -97.8% |
| 每股收益（稀释后） | $-0.33 | $0.00 |
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
| Q4 25 | $417.5M | $331.3M | ||
| Q3 25 | $352.8M | $293.9M | ||
| Q2 25 | $340.0M | $249.1M | ||
| Q1 25 | $356.0M | $340.4M | ||
| Q4 24 | $422.5M | $324.3M | ||
| Q3 24 | $401.1M | $288.7M | ||
| Q2 24 | $419.0M | $244.2M | ||
| Q1 24 | $387.7M | $370.4M |
| Q4 25 | $-21.1M | $8.0K | ||
| Q3 25 | $-4.5M | $-7.1M | ||
| Q2 25 | $-363.2M | $-21.3M | ||
| Q1 25 | $-32.0M | $-8.7M | ||
| Q4 24 | $-16.0M | $-364.0K | ||
| Q3 24 | $-32.6M | $-5.9M | ||
| Q2 24 | $11.4M | $-18.1M | ||
| Q1 24 | $-1.6M | $-8.7M |
| Q4 25 | 8.9% | 32.8% | ||
| Q3 25 | 9.7% | 32.0% | ||
| Q2 25 | 7.0% | 30.4% | ||
| Q1 25 | 6.8% | 30.4% | ||
| Q4 24 | 8.7% | 31.8% | ||
| Q3 24 | 10.9% | 31.2% | ||
| Q2 24 | 11.5% | 30.2% | ||
| Q1 24 | 9.5% | 26.8% |
| Q4 25 | 2.6% | 1.3% | ||
| Q3 25 | 2.8% | -1.1% | ||
| Q2 25 | -0.4% | -7.9% | ||
| Q1 25 | -4.2% | 1.1% | ||
| Q4 24 | 2.6% | 1.0% | ||
| Q3 24 | -4.2% | -1.5% | ||
| Q2 24 | 6.7% | -8.4% | ||
| Q1 24 | 4.4% | -2.1% |
| Q4 25 | -5.0% | 0.0% | ||
| Q3 25 | -1.3% | -2.4% | ||
| Q2 25 | -106.8% | -8.5% | ||
| Q1 25 | -9.0% | -2.6% | ||
| Q4 24 | -3.8% | -0.1% | ||
| Q3 24 | -8.1% | -2.0% | ||
| Q2 24 | 2.7% | -7.4% | ||
| Q1 24 | -0.4% | -2.4% |
| Q4 25 | $-0.33 | $0.00 | ||
| Q3 25 | $-0.07 | $-0.18 | ||
| Q2 25 | $-5.44 | $-0.56 | ||
| Q1 25 | $-0.49 | $-0.22 | ||
| Q4 24 | $-0.25 | $-0.01 | ||
| Q3 24 | $-0.49 | $-0.16 | ||
| Q2 24 | $0.17 | $-0.48 | ||
| Q1 24 | $-0.02 | $-0.22 |
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 | $2.2M |
| 总债务越低越好 | $758.1M | $44.0M |
| 股东权益账面价值 | $316.6M | $209.5M |
| 总资产 | $1.8B | $913.9M |
| 负债/权益比越低杠杆越低 | 2.39× | 0.21× |
8季度趋势，按日历期对齐
| Q4 25 | $75.4M | $2.2M | ||
| Q3 25 | $77.0M | $1.8M | ||
| Q2 25 | $70.7M | $3.6M | ||
| Q1 25 | $129.9M | $2.8M | ||
| Q4 24 | $125.2M | $2.7M | ||
| Q3 24 | $136.1M | $2.6M | ||
| Q2 24 | $114.1M | $2.2M | ||
| Q1 24 | $54.6M | $3.1M |
| Q4 25 | $758.1M | $44.0M | ||
| Q3 25 | $763.5M | $43.9M | ||
| Q2 25 | $720.4M | $24.1M | ||
| Q1 25 | $707.0M | $24.1M | ||
| Q4 24 | $706.4M | $24.0M | ||
| Q3 24 | $747.7M | $24.0M | ||
| Q2 24 | $752.8M | — | ||
| Q1 24 | $755.6M | — |
| Q4 25 | $316.6M | $209.5M | ||
| Q3 25 | $338.2M | $208.9M | ||
| Q2 25 | $342.3M | $215.1M | ||
| Q1 25 | $688.1M | $235.7M | ||
| Q4 24 | $713.9M | $243.6M | ||
| Q3 24 | $732.7M | $243.0M | ||
| Q2 24 | $755.1M | $247.5M | ||
| Q1 24 | $741.8M | $264.6M |
| Q4 25 | $1.8B | $913.9M | ||
| Q3 25 | $1.8B | $948.9M | ||
| Q2 25 | $1.8B | $929.7M | ||
| Q1 25 | $2.1B | $852.1M | ||
| Q4 24 | $2.1B | $967.7M | ||
| Q3 24 | $2.2B | $901.9M | ||
| Q2 24 | $2.2B | $930.4M | ||
| Q1 24 | $2.1B | $886.2M |
| Q4 25 | 2.39× | 0.21× | ||
| Q3 25 | 2.26× | 0.21× | ||
| Q2 25 | 2.10× | 0.11× | ||
| Q1 25 | 1.03× | 0.10× | ||
| Q4 24 | 0.99× | 0.10× | ||
| Q3 24 | 1.02× | 0.10× | ||
| 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 | $16.3M |
| 自由现金流经营现金流 - 资本支出 | — | $8.7M |
| 自由现金流率自由现金流/营收 | — | 2.6% |
| 资本支出强度资本支出/营收 | — | 2.3% |
| 现金转化率经营现金流/净利润 | — | 2038.00× |
| 过去12个月自由现金流最近4个季度 | — | $-39.7M |
8季度趋势，按日历期对齐
| Q4 25 | $32.3M | $16.3M | ||
| Q3 25 | $-17.8M | $-26.6M | ||
| Q2 25 | $-30.2M | $-60.2M | ||
| Q1 25 | $39.6M | $52.8M | ||
| Q4 24 | $54.9M | $-2.5M | ||
| Q3 24 | $49.8M | $18.5M | ||
| Q2 24 | $87.6M | $-34.6M | ||
| Q1 24 | $11.3M | $68.9M |
| Q4 25 | — | $8.7M | ||
| Q3 25 | — | $-33.9M | ||
| Q2 25 | — | $-64.0M | ||
| Q1 25 | — | $49.6M | ||
| Q4 24 | — | $-6.2M | ||
| Q3 24 | — | $14.1M | ||
| Q2 24 | — | $-38.0M | ||
| Q1 24 | — | $60.2M |
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | -11.5% | ||
| Q2 25 | — | -25.7% | ||
| Q1 25 | — | 14.6% | ||
| Q4 24 | — | -1.9% | ||
| Q3 24 | — | 4.9% | ||
| Q2 24 | — | -15.5% | ||
| Q1 24 | — | 16.2% |
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 2.4% |
| Q4 25 | — | 2038.00× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 7.69× | — | ||
| Q1 24 | — | — |
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% |
SPWH
暂无分部数据
