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RAYONIER ADVANCED MATERIALS INC.（RYAM）与STARWOOD PROPERTY TRUST, INC.（STWD）财务数据对比。点击上方公司名可切换其他公司
STARWOOD PROPERTY TRUST, INC.的季度营收约是RAYONIER ADVANCED MATERIALS INC.的1.2倍（$492.9M vs $417.5M），STARWOOD PROPERTY TRUST, INC.净利率更高（19.7% vs -5.0%，领先24.7%），STARWOOD PROPERTY TRUST, INC.同比增速更快（8.5% vs -1.2%），过去两年RAYONIER ADVANCED MATERIALS INC.的营收复合增速更高（3.8% vs -2.9%）
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。
喜达屋酒店及度假村国际集团是全球规模最大的酒店企业之一，业务涵盖酒店、度假村、水疗中心、住宅及度假产权物业的持有、运营、特许经营与管理。集团前身为1969年成立的房地产投资信托基金，1995年完成收购重组，旗下共11个品牌，管理及特许经营的物业共计1297处。
RYAM vs STWD — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $417.5M | $492.9M |
| 净利润 | $-21.1M | $96.9M |
| 毛利率 | 8.9% | — |
| 营业利润率 | 2.6% | 26.6% |
| 净利率 | -5.0% | 19.7% |
| 营收同比 | -1.2% | 8.5% |
| 净利润同比 | -31.9% | 87.7% |
| 每股收益（稀释后） | $-0.33 | $0.25 |
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 | $492.9M | ||
| Q3 25 | $352.8M | $488.9M | ||
| Q2 25 | $340.0M | $444.3M | ||
| Q1 25 | $356.0M | $418.2M | ||
| Q4 24 | $422.5M | $454.4M | ||
| Q3 24 | $401.1M | $479.5M | ||
| Q2 24 | $419.0M | $489.8M | ||
| Q1 24 | $387.7M | $523.1M |
| Q4 25 | $-21.1M | $96.9M | ||
| Q3 25 | $-4.5M | $72.6M | ||
| Q2 25 | $-363.2M | $129.8M | ||
| Q1 25 | $-32.0M | $112.3M | ||
| Q4 24 | $-16.0M | $51.6M | ||
| Q3 24 | $-32.6M | $76.1M | ||
| Q2 24 | $11.4M | $77.9M | ||
| Q1 24 | $-1.6M | $154.3M |
| 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% | — |
| Q4 25 | 2.6% | 26.6% | ||
| Q3 25 | 2.8% | 19.1% | ||
| Q2 25 | -0.4% | 30.5% | ||
| Q1 25 | -4.2% | 28.7% | ||
| Q4 24 | 2.6% | 15.1% | ||
| Q3 24 | -4.2% | 17.2% | ||
| Q2 24 | 6.7% | 19.1% | ||
| Q1 24 | 4.4% | 30.8% |
| Q4 25 | -5.0% | 19.7% | ||
| Q3 25 | -1.3% | 14.8% | ||
| Q2 25 | -106.8% | 29.2% | ||
| Q1 25 | -9.0% | 26.8% | ||
| Q4 24 | -3.8% | 11.4% | ||
| Q3 24 | -8.1% | 15.9% | ||
| Q2 24 | 2.7% | 15.9% | ||
| Q1 24 | -0.4% | 29.5% |
| Q4 25 | $-0.33 | $0.25 | ||
| Q3 25 | $-0.07 | $0.19 | ||
| Q2 25 | $-5.44 | $0.38 | ||
| Q1 25 | $-0.49 | $0.33 | ||
| Q4 24 | $-0.25 | $0.15 | ||
| Q3 24 | $-0.49 | $0.23 | ||
| Q2 24 | $0.17 | $0.24 | ||
| Q1 24 | $-0.02 | $0.48 |
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 | $499.5M |
| 总债务越低越好 | $758.1M | — |
| 股东权益账面价值 | $316.6M | $6.8B |
| 总资产 | $1.8B | $63.2B |
| 负债/权益比越低杠杆越低 | 2.39× | — |
8季度趋势，按日历期对齐
| Q4 25 | $75.4M | $499.5M | ||
| Q3 25 | $77.0M | $301.1M | ||
| Q2 25 | $70.7M | $259.9M | ||
| Q1 25 | $129.9M | $440.6M | ||
| Q4 24 | $125.2M | $377.8M | ||
| Q3 24 | $136.1M | $357.9M | ||
| Q2 24 | $114.1M | $259.3M | ||
| Q1 24 | $54.6M | $327.4M |
| 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 | — |
| Q4 25 | $316.6M | $6.8B | ||
| Q3 25 | $338.2M | $6.9B | ||
| Q2 25 | $342.3M | $6.4B | ||
| Q1 25 | $688.1M | $6.4B | ||
| Q4 24 | $713.9M | $6.4B | ||
| Q3 24 | $732.7M | $6.5B | ||
| Q2 24 | $755.1M | $6.2B | ||
| Q1 24 | $741.8M | $6.3B |
| Q4 25 | $1.8B | $63.2B | ||
| Q3 25 | $1.8B | $62.4B | ||
| Q2 25 | $1.8B | $62.4B | ||
| Q1 25 | $2.1B | $62.2B | ||
| Q4 24 | $2.1B | $62.6B | ||
| Q3 24 | $2.2B | $64.2B | ||
| Q2 24 | $2.2B | $64.1B | ||
| Q1 24 | $2.1B | $66.2B |
| 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 | $488.8M |
| 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 | — | 5.04× |
| 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
| Q4 25 | $32.3M | $488.8M | ||
| Q3 25 | $-17.8M | $337.6M | ||
| Q2 25 | $-30.2M | $-87.4M | ||
| Q1 25 | $39.6M | $238.9M | ||
| Q4 24 | $54.9M | $295.6M | ||
| Q3 24 | $49.8M | $241.8M | ||
| Q2 24 | $87.6M | $53.3M | ||
| Q1 24 | $11.3M | $55.9M |
| Q4 25 | — | 5.04× | ||
| Q3 25 | — | 4.65× | ||
| Q2 25 | — | -0.67× | ||
| Q1 25 | — | 2.13× | ||
| Q4 24 | — | 5.72× | ||
| Q3 24 | — | 3.18× | ||
| Q2 24 | 7.69× | 0.68× | ||
| Q1 24 | — | 0.36× |
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% |
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
