vs
RAYONIER ADVANCED MATERIALS INC.（RYAM）与Ubiquiti Inc.（UI）财务数据对比。点击上方公司名可切换其他公司
Ubiquiti Inc.的季度营收约是RAYONIER ADVANCED MATERIALS INC.的2.0倍（$814.9M vs $417.5M），Ubiquiti Inc.净利率更高（28.7% vs -5.0%，领先33.7%），Ubiquiti Inc.同比增速更快（35.8% vs -1.2%），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% 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。
Ubiquiti Inc.是一家美国科技企业，2003年于加利福尼亚州圣何塞成立，目前总部位于纽约。公司旗下拥有多个品牌，主营面向企业及家庭用户的有线、无线数据通信产品的研发、生产与销售。
RYAM vs UI — 直观对比
营收规模更大
UI
是对方的2.0倍
$417.5M
营收增速更快
UI
高出37.0%
-1.2%
净利率更高
UI
高出33.7%
-5.0%
两年增速更快
UI
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $417.5M | $814.9M |
| 净利润 | $-21.1M | $233.6M |
| 毛利率 | 8.9% | 45.9% |
| 营业利润率 | 2.6% | 35.9% |
| 净利率 | -5.0% | 28.7% |
| 营收同比 | -1.2% | 35.8% |
| 净利润同比 | -31.9% | 70.8% |
| 每股收益（稀释后） | $-0.33 | $3.86 |
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RYAMUI
| Q4 25 | $417.5M | $814.9M | ||
| Q3 25 | $352.8M | $733.8M | ||
| Q2 25 | $340.0M | $759.2M | ||
| Q1 25 | $356.0M | $664.2M | ||
| Q4 24 | $422.5M | $599.9M | ||
| Q3 24 | $401.1M | $550.3M | ||
| Q2 24 | $419.0M | $507.5M | ||
| Q1 24 | $387.7M | $493.0M |
净利润RYAMUI
| Q4 25 | $-21.1M | $233.6M | ||
| Q3 25 | $-4.5M | $207.9M | ||
| Q2 25 | $-363.2M | $266.7M | ||
| Q1 25 | $-32.0M | $180.4M | ||
| Q4 24 | $-16.0M | $136.8M | ||
| Q3 24 | $-32.6M | $128.0M | ||
| Q2 24 | $11.4M | $103.8M | ||
| Q1 24 | $-1.6M | $76.3M |
毛利率RYAMUI
| Q4 25 | 8.9% | 45.9% | ||
| Q3 25 | 9.7% | 46.0% | ||
| Q2 25 | 7.0% | 45.1% | ||
| Q1 25 | 6.8% | 44.5% | ||
| Q4 24 | 8.7% | 41.2% | ||
| Q3 24 | 10.9% | 42.1% | ||
| Q2 24 | 11.5% | 40.2% | ||
| Q1 24 | 9.5% | 35.3% |
营业利润率RYAMUI
| Q4 25 | 2.6% | 35.9% | ||
| Q3 25 | 2.8% | 35.7% | ||
| Q2 25 | -0.4% | 34.4% | ||
| Q1 25 | -4.2% | 34.2% | ||
| Q4 24 | 2.6% | 29.8% | ||
| Q3 24 | -4.2% | 30.7% | ||
| Q2 24 | 6.7% | 27.3% | ||
| Q1 24 | 4.4% | 22.6% |
净利率RYAMUI
| Q4 25 | -5.0% | 28.7% | ||
| Q3 25 | -1.3% | 28.3% | ||
| Q2 25 | -106.8% | 35.1% | ||
| Q1 25 | -9.0% | 27.2% | ||
| Q4 24 | -3.8% | 22.8% | ||
| Q3 24 | -8.1% | 23.3% | ||
| Q2 24 | 2.7% | 20.5% | ||
| Q1 24 | -0.4% | 15.5% |
每股收益（稀释后）RYAMUI
| Q4 25 | $-0.33 | $3.86 | ||
| Q3 25 | $-0.07 | $3.43 | ||
| Q2 25 | $-5.44 | $4.40 | ||
| Q1 25 | $-0.49 | $2.98 | ||
| Q4 24 | $-0.25 | $2.26 | ||
| Q3 24 | $-0.49 | $2.12 | ||
| Q2 24 | $0.17 | $1.72 | ||
| Q1 24 | $-0.02 | $1.26 |
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 | $302.8M |
| 总债务越低越好 | $758.1M | $47.5M |
| 股东权益账面价值 | $316.6M | $1.0B |
| 总资产 | $1.8B | $1.6B |
| 负债/权益比越低杠杆越低 | 2.39× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资RYAMUI
| Q4 25 | $75.4M | $302.8M | ||
| Q3 25 | $77.0M | $177.2M | ||
| Q2 25 | $70.7M | $149.7M | ||
| Q1 25 | $129.9M | $151.0M | ||
| Q4 24 | $125.2M | $133.1M | ||
| Q3 24 | $136.1M | $165.2M | ||
| Q2 24 | $114.1M | $126.3M | ||
| Q1 24 | $54.6M | $102.5M |
总债务RYAMUI
| Q4 25 | $758.1M | $47.5M | ||
| Q3 25 | $763.5M | $133.8M | ||
| Q2 25 | $720.4M | $250.0M | ||
| Q1 25 | $707.0M | $340.0M | ||
| Q4 24 | $706.4M | $406.3M | ||
| Q3 24 | $747.7M | $552.5M | ||
| Q2 24 | $752.8M | $708.1M | ||
| Q1 24 | $755.6M | $877.5M |
股东权益RYAMUI
| Q4 25 | $316.6M | $1.0B | ||
| Q3 25 | $338.2M | $828.4M | ||
| Q2 25 | $342.3M | $668.3M | ||
| Q1 25 | $688.1M | $436.1M | ||
| Q4 24 | $713.9M | $290.4M | ||
| Q3 24 | $732.7M | $188.1M | ||
| Q2 24 | $755.1M | $95.1M | ||
| Q1 24 | $741.8M | $25.9M |
总资产RYAMUI
| Q4 25 | $1.8B | $1.6B | ||
| Q3 25 | $1.8B | $1.5B | ||
| Q2 25 | $1.8B | $1.5B | ||
| Q1 25 | $2.1B | $1.3B | ||
| Q4 24 | $2.1B | $1.2B | ||
| Q3 24 | $2.2B | $1.2B | ||
| Q2 24 | $2.2B | $1.2B | ||
| Q1 24 | $2.1B | $1.2B |
负债/权益比RYAMUI
| Q4 25 | 2.39× | 0.05× | ||
| Q3 25 | 2.26× | 0.16× | ||
| Q2 25 | 2.10× | 0.37× | ||
| Q1 25 | 1.03× | 0.78× | ||
| Q4 24 | 0.99× | 1.40× | ||
| Q3 24 | 1.02× | 2.94× | ||
| Q2 24 | 1.00× | 7.45× | ||
| Q1 24 | 1.02× | 33.92× |
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 | $263.9M |
| 自由现金流经营现金流 - 资本支出 | — | $260.3M |
| 自由现金流率自由现金流/营收 | — | 31.9% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | — | 1.13× |
| 过去12个月自由现金流最近4个季度 | — | $699.5M |
8季度趋势，按日历期对齐
经营现金流RYAMUI
| Q4 25 | $32.3M | $263.9M | ||
| Q3 25 | $-17.8M | $198.5M | ||
| Q2 25 | $-30.2M | $130.4M | ||
| Q1 25 | $39.6M | $123.6M | ||
| Q4 24 | $54.9M | $152.4M | ||
| Q3 24 | $49.8M | $233.7M | ||
| Q2 24 | $87.6M | $231.4M | ||
| Q1 24 | $11.3M | $163.9M |
自由现金流RYAMUI
| Q4 25 | — | $260.3M | ||
| Q3 25 | — | $193.3M | ||
| Q2 25 | — | $125.2M | ||
| Q1 25 | — | $120.7M | ||
| Q4 24 | — | $150.4M | ||
| Q3 24 | — | $231.1M | ||
| Q2 24 | — | $229.5M | ||
| Q1 24 | — | $160.6M |
自由现金流率RYAMUI
| Q4 25 | — | 31.9% | ||
| Q3 25 | — | 26.3% | ||
| Q2 25 | — | 16.5% | ||
| Q1 25 | — | 18.2% | ||
| Q4 24 | — | 25.1% | ||
| Q3 24 | — | 42.0% | ||
| Q2 24 | — | 45.2% | ||
| Q1 24 | — | 32.6% |
资本支出强度RYAMUI
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.7% |
现金转化率RYAMUI
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 0.95× | ||
| Q2 25 | — | 0.49× | ||
| Q1 25 | — | 0.68× | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | — | 1.83× | ||
| Q2 24 | 7.69× | 2.23× | ||
| Q1 24 | — | 2.15× |
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% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
