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RAYONIER ADVANCED MATERIALS INC.（RYAM）与STERLING INFRASTRUCTURE, INC.（STRL）财务数据对比。点击上方公司名可切换其他公司
STERLING INFRASTRUCTURE, INC.的季度营收约是RAYONIER ADVANCED MATERIALS INC.的2.0倍（$825.7M vs $417.5M），STERLING INFRASTRUCTURE, INC.净利率更高（11.6% vs -5.0%，领先16.7%），STERLING INFRASTRUCTURE, INC.同比增速更快（91.6% vs -1.2%），过去两年STERLING INFRASTRUCTURE, INC.的营收复合增速更高（19.0% 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。
本公司是总部位于印度马哈拉施特拉邦孟买的跨国工程总承包（EPC）企业，业务覆盖可再生能源、数据中心、柴油发电、机电水暖（MEP）服务等多个领域，已在全球三十余个国家交付项目，执行团队遍布亚洲、中东、非洲、欧洲及澳大利亚。
RYAM vs STRL — 直观对比
营收规模更大
STRL
是对方的2.0倍
$417.5M
营收增速更快
STRL
高出92.8%
-1.2%
净利率更高
STRL
高出16.7%
-5.0%
两年增速更快
STRL
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $417.5M | $825.7M |
| 净利润 | $-21.1M | $96.0M |
| 毛利率 | 8.9% | 23.5% |
| 营业利润率 | 2.6% | 16.7% |
| 净利率 | -5.0% | 11.6% |
| 营收同比 | -1.2% | 91.6% |
| 净利润同比 | -31.9% | 143.1% |
| 每股收益（稀释后） | $-0.33 | $3.09 |
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RYAMSTRL
| Q1 26 | — | $825.7M | ||
| Q4 25 | $417.5M | $755.6M | ||
| Q3 25 | $352.8M | $689.0M | ||
| Q2 25 | $340.0M | $614.5M | ||
| Q1 25 | $356.0M | $430.9M | ||
| Q4 24 | $422.5M | $498.8M | ||
| Q3 24 | $401.1M | $593.7M | ||
| Q2 24 | $419.0M | $582.8M |
净利润RYAMSTRL
| Q1 26 | — | $96.0M | ||
| Q4 25 | $-21.1M | $87.6M | ||
| Q3 25 | $-4.5M | $92.1M | ||
| Q2 25 | $-363.2M | $71.0M | ||
| Q1 25 | $-32.0M | $39.5M | ||
| Q4 24 | $-16.0M | $113.2M | ||
| Q3 24 | $-32.6M | $61.3M | ||
| Q2 24 | $11.4M | $51.9M |
毛利率RYAMSTRL
| Q1 26 | — | 23.5% | ||
| Q4 25 | 8.9% | 21.7% | ||
| Q3 25 | 9.7% | 24.7% | ||
| Q2 25 | 7.0% | 23.3% | ||
| Q1 25 | 6.8% | 22.0% | ||
| Q4 24 | 8.7% | 21.4% | ||
| Q3 24 | 10.9% | 21.9% | ||
| Q2 24 | 11.5% | 19.3% |
营业利润率RYAMSTRL
| Q1 26 | — | 16.7% | ||
| Q4 25 | 2.6% | 15.9% | ||
| Q3 25 | 2.8% | 18.2% | ||
| Q2 25 | -0.4% | 17.0% | ||
| Q1 25 | -4.2% | 13.0% | ||
| Q4 24 | 2.6% | 12.5% | ||
| Q3 24 | -4.2% | 14.7% | ||
| Q2 24 | 6.7% | 12.5% |
净利率RYAMSTRL
| Q1 26 | — | 11.6% | ||
| Q4 25 | -5.0% | 11.6% | ||
| Q3 25 | -1.3% | 13.4% | ||
| Q2 25 | -106.8% | 11.6% | ||
| Q1 25 | -9.0% | 9.2% | ||
| Q4 24 | -3.8% | 22.7% | ||
| Q3 24 | -8.1% | 10.3% | ||
| Q2 24 | 2.7% | 8.9% |
每股收益（稀释后）RYAMSTRL
| Q1 26 | — | $3.09 | ||
| Q4 25 | $-0.33 | $2.82 | ||
| Q3 25 | $-0.07 | $2.97 | ||
| Q2 25 | $-5.44 | $2.31 | ||
| Q1 25 | $-0.49 | $1.28 | ||
| Q4 24 | $-0.25 | $3.63 | ||
| Q3 24 | $-0.49 | $1.97 | ||
| Q2 24 | $0.17 | $1.67 |
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 | $511.9M |
| 总债务越低越好 | $758.1M | $287.5M |
| 股东权益账面价值 | $316.6M | $1.2B |
| 总资产 | $1.8B | $2.8B |
| 负债/权益比越低杠杆越低 | 2.39× | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资RYAMSTRL
| Q1 26 | — | $511.9M | ||
| Q4 25 | $75.4M | $390.7M | ||
| Q3 25 | $77.0M | $306.4M | ||
| Q2 25 | $70.7M | $699.4M | ||
| Q1 25 | $129.9M | $638.6M | ||
| Q4 24 | $125.2M | $664.2M | ||
| Q3 24 | $136.1M | $648.1M | ||
| Q2 24 | $114.1M | $540.0M |
总债务RYAMSTRL
| Q1 26 | — | $287.5M | ||
| 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RYAMSTRL
| Q1 26 | — | $1.2B | ||
| Q4 25 | $316.6M | $1.1B | ||
| Q3 25 | $338.2M | $1.1B | ||
| Q2 25 | $342.3M | $881.7M | ||
| Q1 25 | $688.1M | $805.4M | ||
| Q4 24 | $713.9M | $808.1M | ||
| Q3 24 | $732.7M | $716.5M | ||
| Q2 24 | $755.1M | $670.7M |
总资产RYAMSTRL
| Q1 26 | — | $2.8B | ||
| Q4 25 | $1.8B | $2.6B | ||
| Q3 25 | $1.8B | $2.6B | ||
| Q2 25 | $1.8B | $2.2B | ||
| Q1 25 | $2.1B | $2.0B | ||
| Q4 24 | $2.1B | $2.0B | ||
| Q3 24 | $2.2B | $2.0B | ||
| Q2 24 | $2.2B | $2.0B |
负债/权益比RYAMSTRL
| Q1 26 | — | 0.24× | ||
| 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 | $165.6M |
| 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 | — | 2.4% |
| 现金转化率经营现金流/净利润 | — | 1.73× |
| 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RYAMSTRL
| Q1 26 | — | $165.6M | ||
| Q4 25 | $32.3M | $186.1M | ||
| Q3 25 | $-17.8M | $83.6M | ||
| Q2 25 | $-30.2M | $85.4M | ||
| Q1 25 | $39.6M | $84.9M | ||
| Q4 24 | $54.9M | $174.3M | ||
| Q3 24 | $49.8M | $152.3M | ||
| Q2 24 | $87.6M | $121.0M |
自由现金流RYAMSTRL
| Q1 26 | — | — | ||
| Q4 25 | — | $159.7M | ||
| Q3 25 | — | $64.0M | ||
| Q2 25 | — | $72.1M | ||
| Q1 25 | — | $67.0M | ||
| Q4 24 | — | $158.6M | ||
| Q3 24 | — | $138.3M | ||
| Q2 24 | — | $92.1M |
自由现金流率RYAMSTRL
| Q1 26 | — | — | ||
| Q4 25 | — | 21.1% | ||
| Q3 25 | — | 9.3% | ||
| Q2 25 | — | 11.7% | ||
| Q1 25 | — | 15.5% | ||
| Q4 24 | — | 31.8% | ||
| Q3 24 | — | 23.3% | ||
| Q2 24 | — | 15.8% |
资本支出强度RYAMSTRL
| Q1 26 | — | 2.4% | ||
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 5.0% |
现金转化率RYAMSTRL
| Q1 26 | — | 1.73× | ||
| Q4 25 | — | 2.12× | ||
| Q3 25 | — | 0.91× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 2.15× | ||
| Q4 24 | — | 1.54× | ||
| Q3 24 | — | 2.48× | ||
| Q2 24 | 7.69× | 2.33× |
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% |
STRL
| E-Infrastructure Solutions | $597.7M | 72% |
| Transportation Solutions | $132.9M | 16% |
| Building Solutions | $95.1M | 12% |
