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RAYONIER ADVANCED MATERIALS INC.（RYAM）与Tyler Technologies（TYL）财务数据对比。点击上方公司名可切换其他公司
Tyler Technologies的季度营收约是RAYONIER ADVANCED MATERIALS INC.的1.5倍（$613.5M vs $417.5M），Tyler Technologies净利率更高（13.2% vs -5.0%，领先18.3%），Tyler Technologies同比增速更快（8.6% vs -1.2%），过去两年Tyler Technologies的营收复合增速更高（6.5% 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。
Tyler Technologies, Inc.是总部位于美国得克萨斯州普莱诺的科技企业，主营面向美国公共部门提供自研专有软件，目前在全美17个州设有办事处，另在加拿大安大略省多伦多市设有一处办公网点。
RYAM vs TYL — 直观对比
营收规模更大
TYL
是对方的1.5倍
$417.5M
营收增速更快
TYL
高出9.7%
-1.2%
净利率更高
TYL
高出18.3%
-5.0%
两年增速更快
TYL
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $417.5M | $613.5M |
| 净利润 | $-21.1M | $81.2M |
| 毛利率 | 8.9% | 48.3% |
| 营业利润率 | 2.6% | 16.3% |
| 净利率 | -5.0% | 13.2% |
| 营收同比 | -1.2% | 8.6% |
| 净利润同比 | -31.9% | — |
| 每股收益（稀释后） | $-0.33 | $1.88 |
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RYAMTYL
| Q1 26 | — | $613.5M | ||
| Q4 25 | $417.5M | $575.2M | ||
| Q3 25 | $352.8M | $595.9M | ||
| Q2 25 | $340.0M | $596.1M | ||
| Q1 25 | $356.0M | $565.2M | ||
| Q4 24 | $422.5M | $541.1M | ||
| Q3 24 | $401.1M | $543.3M | ||
| Q2 24 | $419.0M | $541.0M |
净利润RYAMTYL
| Q1 26 | — | $81.2M | ||
| Q4 25 | $-21.1M | $65.5M | ||
| Q3 25 | $-4.5M | $84.4M | ||
| Q2 25 | $-363.2M | $84.6M | ||
| Q1 25 | $-32.0M | $81.1M | ||
| Q4 24 | $-16.0M | $65.2M | ||
| Q3 24 | $-32.6M | $75.9M | ||
| Q2 24 | $11.4M | $67.7M |
毛利率RYAMTYL
| Q1 26 | — | 48.3% | ||
| Q4 25 | 8.9% | 45.5% | ||
| Q3 25 | 9.7% | 47.2% | ||
| Q2 25 | 7.0% | 45.8% | ||
| Q1 25 | 6.8% | 47.3% | ||
| Q4 24 | 8.7% | 43.8% | ||
| Q3 24 | 10.9% | 43.7% | ||
| Q2 24 | 11.5% | 44.0% |
营业利润率RYAMTYL
| Q1 26 | — | 16.3% | ||
| Q4 25 | 2.6% | 13.0% | ||
| Q3 25 | 2.8% | 16.4% | ||
| Q2 25 | -0.4% | 16.0% | ||
| Q1 25 | -4.2% | 15.8% | ||
| Q4 24 | 2.6% | 13.2% | ||
| Q3 24 | -4.2% | 15.2% | ||
| Q2 24 | 6.7% | 14.4% |
净利率RYAMTYL
| Q1 26 | — | 13.2% | ||
| Q4 25 | -5.0% | 11.4% | ||
| Q3 25 | -1.3% | 14.2% | ||
| Q2 25 | -106.8% | 14.2% | ||
| Q1 25 | -9.0% | 14.3% | ||
| Q4 24 | -3.8% | 12.1% | ||
| Q3 24 | -8.1% | 14.0% | ||
| Q2 24 | 2.7% | 12.5% |
每股收益（稀释后）RYAMTYL
| Q1 26 | — | $1.88 | ||
| Q4 25 | $-0.33 | $1.50 | ||
| Q3 25 | $-0.07 | $1.93 | ||
| Q2 25 | $-5.44 | $1.93 | ||
| Q1 25 | $-0.49 | $1.84 | ||
| Q4 24 | $-0.25 | $1.48 | ||
| Q3 24 | $-0.49 | $1.74 | ||
| Q2 24 | $0.17 | $1.57 |
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 | $346.4M |
| 总债务越低越好 | $758.1M | — |
| 股东权益账面价值 | $316.6M | $3.6B |
| 总资产 | $1.8B | $4.8B |
| 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RYAMTYL
| Q1 26 | — | $346.4M | ||
| Q4 25 | $75.4M | $1.1B | ||
| Q3 25 | $77.0M | $950.8M | ||
| Q2 25 | $70.7M | $892.3M | ||
| Q1 25 | $129.9M | $807.4M | ||
| Q4 24 | $125.2M | $768.0M | ||
| Q3 24 | $136.1M | $544.3M | ||
| Q2 24 | $114.1M | $258.0M |
总债务RYAMTYL
| Q1 26 | — | — | ||
| Q4 25 | $758.1M | $599.7M | ||
| Q3 25 | $763.5M | $599.2M | ||
| Q2 25 | $720.4M | $598.8M | ||
| Q1 25 | $707.0M | $598.4M | ||
| Q4 24 | $706.4M | $597.9M | ||
| Q3 24 | $747.7M | $597.5M | ||
| Q2 24 | $752.8M | $597.1M |
股东权益RYAMTYL
| Q1 26 | — | $3.6B | ||
| Q4 25 | $316.6M | $3.7B | ||
| Q3 25 | $338.2M | $3.6B | ||
| Q2 25 | $342.3M | $3.6B | ||
| Q1 25 | $688.1M | $3.5B | ||
| Q4 24 | $713.9M | $3.4B | ||
| Q3 24 | $732.7M | $3.3B | ||
| Q2 24 | $755.1M | $3.1B |
总资产RYAMTYL
| Q1 26 | — | $4.8B | ||
| Q4 25 | $1.8B | $5.6B | ||
| Q3 25 | $1.8B | $5.5B | ||
| Q2 25 | $1.8B | $5.4B | ||
| Q1 25 | $2.1B | $5.2B | ||
| Q4 24 | $2.1B | $5.2B | ||
| Q3 24 | $2.2B | $5.0B | ||
| Q2 24 | $2.2B | $4.8B |
负债/权益比RYAMTYL
| Q1 26 | — | — | ||
| Q4 25 | 2.39× | 0.16× | ||
| Q3 25 | 2.26× | 0.17× | ||
| Q2 25 | 2.10× | 0.16× | ||
| Q1 25 | 1.03× | 0.17× | ||
| Q4 24 | 0.99× | 0.18× | ||
| Q3 24 | 1.02× | 0.18× | ||
| Q2 24 | 1.00× | 0.19× |
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 | $107.3M |
| 自由现金流经营现金流 - 资本支出 | — | $2.0M |
| 自由现金流率自由现金流/营收 | — | 0.3% |
| 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 | — | 1.32× |
| 过去12个月自由现金流最近4个季度 | — | $585.7M |
8季度趋势，按日历期对齐
经营现金流RYAMTYL
| Q1 26 | — | $107.3M | ||
| Q4 25 | $32.3M | $243.9M | ||
| Q3 25 | $-17.8M | $255.2M | ||
| Q2 25 | $-30.2M | $98.3M | ||
| Q1 25 | $39.6M | $56.2M | ||
| Q4 24 | $54.9M | $224.8M | ||
| Q3 24 | $49.8M | $263.7M | ||
| Q2 24 | $87.6M | $64.3M |
自由现金流RYAMTYL
| Q1 26 | — | $2.0M | ||
| Q4 25 | — | $239.6M | ||
| Q3 25 | — | $251.3M | ||
| Q2 25 | — | $92.8M | ||
| Q1 25 | — | $53.8M | ||
| Q4 24 | — | $221.0M | ||
| Q3 24 | — | $260.8M | ||
| Q2 24 | — | $57.7M |
自由现金流率RYAMTYL
| Q1 26 | — | 0.3% | ||
| Q4 25 | — | 41.7% | ||
| Q3 25 | — | 42.2% | ||
| Q2 25 | — | 15.6% | ||
| Q1 25 | — | 9.5% | ||
| Q4 24 | — | 40.8% | ||
| Q3 24 | — | 48.0% | ||
| Q2 24 | — | 10.7% |
资本支出强度RYAMTYL
| Q1 26 | — | — | ||
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 1.2% |
现金转化率RYAMTYL
| Q1 26 | — | 1.32× | ||
| Q4 25 | — | 3.72× | ||
| Q3 25 | — | 3.02× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 3.45× | ||
| Q3 24 | — | 3.47× | ||
| Q2 24 | 7.69× | 0.95× |
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% |
TYL
| Subscriptions | $429.7M | 70% |
| Maintenance | $108.9M | 18% |
| Other | $74.9M | 12% |
