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RAYONIER ADVANCED MATERIALS INC.（RYAM）与SSR MINING INC.（SSRM）财务数据对比。点击上方公司名可切换其他公司
SSR MINING INC.的季度营收约是RAYONIER ADVANCED MATERIALS INC.的1.2倍（$521.7M vs $417.5M），SSR MINING INC.净利率更高（34.8% vs -5.0%，领先39.8%），SSR MINING INC.同比增速更快（61.4% vs -1.2%），过去两年SSR MINING INC.的营收复合增速更高（50.5% vs 3.8%）
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。
SSR Mining Inc.（前身为白银标准资源公司）总部位于美国科罗拉多州丹佛，主营金、银、铜、铅、锌矿产开采，拥有阿根廷最大的银矿，同时在美洲全境及土耳其开展矿产勘探业务。2020年与阿拉瑟黄金合并后迁至丹佛，现任总裁兼首席执行官为罗德尼·P·安塔尔。
RYAM vs SSRM — 直观对比
营收规模更大
SSRM
是对方的1.2倍
$417.5M
营收增速更快
SSRM
高出62.6%
-1.2%
净利率更高
SSRM
高出39.8%
-5.0%
两年增速更快
SSRM
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $417.5M | $521.7M |
| 净利润 | $-21.1M | $181.5M |
| 毛利率 | 8.9% | — |
| 营业利润率 | 2.6% | 38.8% |
| 净利率 | -5.0% | 34.8% |
| 营收同比 | -1.2% | 61.4% |
| 净利润同比 | -31.9% | 3166.6% |
| 每股收益（稀释后） | $-0.33 | $0.84 |
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RYAMSSRM
| Q4 25 | $417.5M | $521.7M | ||
| Q3 25 | $352.8M | $385.8M | ||
| Q2 25 | $340.0M | $405.5M | ||
| Q1 25 | $356.0M | $316.6M | ||
| Q4 24 | $422.5M | $323.2M | ||
| Q3 24 | $401.1M | $257.4M | ||
| Q2 24 | $419.0M | $184.8M | ||
| Q1 24 | $387.7M | $230.2M |
净利润RYAMSSRM
| Q4 25 | $-21.1M | $181.5M | ||
| Q3 25 | $-4.5M | $65.4M | ||
| Q2 25 | $-363.2M | $90.1M | ||
| Q1 25 | $-32.0M | $58.8M | ||
| Q4 24 | $-16.0M | $5.6M | ||
| Q3 24 | $-32.6M | $10.6M | ||
| Q2 24 | $11.4M | $9.7M | ||
| Q1 24 | $-1.6M | $-287.1M |
毛利率RYAMSSRM
| 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RYAMSSRM
| Q4 25 | 2.6% | 38.8% | ||
| Q3 25 | 2.8% | 21.6% | ||
| Q2 25 | -0.4% | 26.9% | ||
| Q1 25 | -4.2% | 21.1% | ||
| Q4 24 | 2.6% | 10.6% | ||
| Q3 24 | -4.2% | 3.5% | ||
| Q2 24 | 6.7% | 5.8% | ||
| Q1 24 | 4.4% | -163.5% |
净利率RYAMSSRM
| Q4 25 | -5.0% | 34.8% | ||
| Q3 25 | -1.3% | 17.0% | ||
| Q2 25 | -106.8% | 22.2% | ||
| Q1 25 | -9.0% | 18.6% | ||
| Q4 24 | -3.8% | 1.7% | ||
| Q3 24 | -8.1% | 4.1% | ||
| Q2 24 | 2.7% | 5.2% | ||
| Q1 24 | -0.4% | -124.7% |
每股收益（稀释后）RYAMSSRM
| Q4 25 | $-0.33 | $0.84 | ||
| Q3 25 | $-0.07 | $0.31 | ||
| Q2 25 | $-5.44 | $0.42 | ||
| Q1 25 | $-0.49 | $0.28 | ||
| Q4 24 | $-0.25 | $0.03 | ||
| Q3 24 | $-0.49 | $0.05 | ||
| Q2 24 | $0.17 | $0.05 | ||
| Q1 24 | $-0.02 | $-1.42 |
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 | $575.6M |
| 总债务越低越好 | $758.1M | — |
| 股东权益账面价值 | $316.6M | $3.5B |
| 总资产 | $1.8B | $6.1B |
| 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RYAMSSRM
| Q4 25 | $75.4M | $575.6M | ||
| Q3 25 | $77.0M | $445.4M | ||
| Q2 25 | $70.7M | $438.5M | ||
| Q1 25 | $129.9M | $341.3M | ||
| Q4 24 | $125.2M | $417.3M | ||
| Q3 24 | $136.1M | $365.8M | ||
| Q2 24 | $114.1M | $384.4M | ||
| Q1 24 | $54.6M | $492.0M |
总债务RYAMSSRM
| Q4 25 | $758.1M | — | ||
| Q3 25 | $763.5M | — | ||
| Q2 25 | $720.4M | — | ||
| Q1 25 | $707.0M | — | ||
| Q4 24 | $706.4M | $228.6M | ||
| Q3 24 | $747.7M | $228.3M | ||
| Q2 24 | $752.8M | $228.0M | ||
| Q1 24 | $755.6M | $228.7M |
股东权益RYAMSSRM
| Q4 25 | $316.6M | $3.5B | ||
| Q3 25 | $338.2M | $3.3B | ||
| Q2 25 | $342.3M | $3.3B | ||
| Q1 25 | $688.1M | $3.2B | ||
| Q4 24 | $713.9M | $3.1B | ||
| Q3 24 | $732.7M | $3.1B | ||
| Q2 24 | $755.1M | $3.1B | ||
| Q1 24 | $741.8M | $3.1B |
总资产RYAMSSRM
| Q4 25 | $1.8B | $6.1B | ||
| Q3 25 | $1.8B | $5.9B | ||
| Q2 25 | $1.8B | $5.8B | ||
| Q1 25 | $2.1B | $5.6B | ||
| Q4 24 | $2.1B | $5.2B | ||
| Q3 24 | $2.2B | $5.1B | ||
| Q2 24 | $2.2B | $5.2B | ||
| Q1 24 | $2.1B | $5.3B |
负债/权益比RYAMSSRM
| Q4 25 | 2.39× | — | ||
| Q3 25 | 2.26× | — | ||
| Q2 25 | 2.10× | — | ||
| Q1 25 | 1.03× | — | ||
| Q4 24 | 0.99× | 0.07× | ||
| Q3 24 | 1.02× | 0.07× | ||
| Q2 24 | 1.00× | 0.07× | ||
| Q1 24 | 1.02× | 0.07× |
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 | $172.1M |
| 自由现金流经营现金流 - 资本支出 | — | $106.4M |
| 自由现金流率自由现金流/营收 | — | 20.4% |
| 资本支出强度资本支出/营收 | — | 12.6% |
| 现金转化率经营现金流/净利润 | — | 0.95× |
| 过去12个月自由现金流最近4个季度 | — | $241.6M |
8季度趋势，按日历期对齐
经营现金流RYAMSSRM
| Q4 25 | $32.3M | $172.1M | ||
| Q3 25 | $-17.8M | $57.2M | ||
| Q2 25 | $-30.2M | $157.8M | ||
| Q1 25 | $39.6M | $84.8M | ||
| Q4 24 | $54.9M | $95.0M | ||
| Q3 24 | $49.8M | $-1.3M | ||
| Q2 24 | $87.6M | $-78.1M | ||
| Q1 24 | $11.3M | $24.6M |
自由现金流RYAMSSRM
| Q4 25 | — | $106.4M | ||
| Q3 25 | — | $-2.4M | ||
| Q2 25 | — | $98.4M | ||
| Q1 25 | — | $39.3M | ||
| Q4 24 | — | $56.4M | ||
| Q3 24 | — | $-34.1M | ||
| Q2 24 | — | $-116.3M | ||
| Q1 24 | — | $-9.4M |
自由现金流率RYAMSSRM
| Q4 25 | — | 20.4% | ||
| Q3 25 | — | -0.6% | ||
| Q2 25 | — | 24.3% | ||
| Q1 25 | — | 12.4% | ||
| Q4 24 | — | 17.5% | ||
| Q3 24 | — | -13.2% | ||
| Q2 24 | — | -62.9% | ||
| Q1 24 | — | -4.1% |
资本支出强度RYAMSSRM
| Q4 25 | — | 12.6% | ||
| Q3 25 | — | 15.4% | ||
| Q2 25 | — | 14.7% | ||
| Q1 25 | — | 14.4% | ||
| Q4 24 | — | 11.9% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 20.7% | ||
| Q1 24 | — | 14.8% |
现金转化率RYAMSSRM
| Q4 25 | — | 0.95× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | — | 17.10× | ||
| Q3 24 | — | -0.13× | ||
| Q2 24 | 7.69× | -8.06× | ||
| 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% |
SSRM
| Gold | $369.3M | 71% |
| Concentrate Sales | $124.4M | 24% |
| Other | $19.1M | 4% |
| Lead | $9.0M | 2% |
