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RAYONIER ADVANCED MATERIALS INC.（RYAM）与Upstart Holdings, Inc.（UPST）财务数据对比。点击上方公司名可切换其他公司
RAYONIER ADVANCED MATERIALS INC.的季度营收约是Upstart Holdings, Inc.的1.4倍（$417.5M vs $308.2M），Upstart Holdings, Inc.净利率更高（-2.2% vs -5.0%，领先2.9%），Upstart Holdings, Inc.同比增速更快（44.4% vs -1.2%），过去两年Upstart Holdings, Inc.的营收复合增速更高（55.4% 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。
Upstart是一家AI信贷平台服务商，与银行及信用合作社合作，将教育背景、就业情况等非传统指标纳入信用评估模型，更精准地预测借款人的信用状况，为用户提供消费贷款服务，助力金融机构提升信贷效率、扩大服务覆盖范围。
RYAM vs UPST — 直观对比
营收规模更大
RYAM
是对方的1.4倍
$308.2M
营收增速更快
UPST
高出45.6%
-1.2%
净利率更高
UPST
高出2.9%
-5.0%
两年增速更快
UPST
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $417.5M | $308.2M |
| 净利润 | $-21.1M | $-6.6M |
| 毛利率 | 8.9% | — |
| 营业利润率 | 2.6% | -2.4% |
| 净利率 | -5.0% | -2.2% |
| 营收同比 | -1.2% | 44.4% |
| 净利润同比 | -31.9% | -171.6% |
| 每股收益（稀释后） | $-0.33 | $-0.07 |
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RYAMUPST
| Q1 26 | — | $308.2M | ||
| Q4 25 | $417.5M | $296.1M | ||
| Q3 25 | $352.8M | $277.1M | ||
| Q2 25 | $340.0M | $257.3M | ||
| Q1 25 | $356.0M | $213.4M | ||
| Q4 24 | $422.5M | $219.0M | ||
| Q3 24 | $401.1M | $162.1M | ||
| Q2 24 | $419.0M | $127.6M |
净利润RYAMUPST
| Q1 26 | — | $-6.6M | ||
| Q4 25 | $-21.1M | $18.6M | ||
| Q3 25 | $-4.5M | $31.8M | ||
| Q2 25 | $-363.2M | $5.6M | ||
| Q1 25 | $-32.0M | $-2.4M | ||
| Q4 24 | $-16.0M | $-2.8M | ||
| Q3 24 | $-32.6M | $-6.8M | ||
| Q2 24 | $11.4M | $-54.5M |
毛利率RYAMUPST
| Q1 26 | — | — | ||
| 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% | — |
营业利润率RYAMUPST
| Q1 26 | — | -2.4% | ||
| Q4 25 | 2.6% | 6.4% | ||
| Q3 25 | 2.8% | 8.5% | ||
| Q2 25 | -0.4% | 1.8% | ||
| Q1 25 | -4.2% | -2.1% | ||
| Q4 24 | 2.6% | -2.2% | ||
| Q3 24 | -4.2% | -27.8% | ||
| Q2 24 | 6.7% | -43.5% |
净利率RYAMUPST
| Q1 26 | — | -2.2% | ||
| Q4 25 | -5.0% | 6.3% | ||
| Q3 25 | -1.3% | 11.5% | ||
| Q2 25 | -106.8% | 2.2% | ||
| Q1 25 | -9.0% | -1.1% | ||
| Q4 24 | -3.8% | -1.3% | ||
| Q3 24 | -8.1% | -4.2% | ||
| Q2 24 | 2.7% | -42.7% |
每股收益（稀释后）RYAMUPST
| Q1 26 | — | $-0.07 | ||
| Q4 25 | $-0.33 | $0.20 | ||
| Q3 25 | $-0.07 | $0.23 | ||
| Q2 25 | $-5.44 | $0.05 | ||
| Q1 25 | $-0.49 | $-0.03 | ||
| Q4 24 | $-0.25 | $-0.01 | ||
| Q3 24 | $-0.49 | $-0.07 | ||
| Q2 24 | $0.17 | $-0.62 |
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 | $472.9M |
| 总债务越低越好 | $758.1M | — |
| 股东权益账面价值 | $316.6M | $733.2M |
| 总资产 | $1.8B | $3.0B |
| 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RYAMUPST
| Q1 26 | — | $472.9M | ||
| Q4 25 | $75.4M | $652.4M | ||
| Q3 25 | $77.0M | $489.8M | ||
| Q2 25 | $70.7M | $395.9M | ||
| Q1 25 | $129.9M | $599.8M | ||
| Q4 24 | $125.2M | $788.4M | ||
| Q3 24 | $136.1M | — | ||
| Q2 24 | $114.1M | — |
总债务RYAMUPST
| Q1 26 | — | — | ||
| 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RYAMUPST
| Q1 26 | — | $733.2M | ||
| Q4 25 | $316.6M | $798.8M | ||
| Q3 25 | $338.2M | $743.7M | ||
| Q2 25 | $342.3M | $722.0M | ||
| Q1 25 | $688.1M | $676.6M | ||
| Q4 24 | $713.9M | $633.2M | ||
| Q3 24 | $732.7M | $595.5M | ||
| Q2 24 | $755.1M | $594.7M |
总资产RYAMUPST
| Q1 26 | — | $3.0B | ||
| Q4 25 | $1.8B | $3.0B | ||
| Q3 25 | $1.8B | $2.9B | ||
| Q2 25 | $1.8B | $2.5B | ||
| Q1 25 | $2.1B | $2.3B | ||
| Q4 24 | $2.1B | $2.4B | ||
| Q3 24 | $2.2B | $1.8B | ||
| Q2 24 | $2.2B | $1.8B |
负债/权益比RYAMUPST
| Q1 26 | — | — | ||
| 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 | $-133.3M |
| 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 | — | — |
| 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RYAMUPST
| Q1 26 | — | $-133.3M | ||
| Q4 25 | $32.3M | $108.6M | ||
| Q3 25 | $-17.8M | $-122.6M | ||
| Q2 25 | $-30.2M | $-120.2M | ||
| Q1 25 | $39.6M | $-13.5M | ||
| Q4 24 | $54.9M | $-110.9M | ||
| Q3 24 | $49.8M | $179.3M | ||
| Q2 24 | $87.6M | $65.3M |
自由现金流RYAMUPST
| Q1 26 | — | — | ||
| Q4 25 | — | $108.4M | ||
| Q3 25 | — | $-122.7M | ||
| Q2 25 | — | $-120.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $179.2M | ||
| Q2 24 | — | $65.3M |
自由现金流率RYAMUPST
| Q1 26 | — | — | ||
| Q4 25 | — | 36.6% | ||
| Q3 25 | — | -44.3% | ||
| Q2 25 | — | -46.7% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 110.5% | ||
| Q2 24 | — | 51.1% |
资本支出强度RYAMUPST
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.0% |
现金转化率RYAMUPST
| Q1 26 | — | — | ||
| Q4 25 | — | 5.82× | ||
| Q3 25 | — | -3.86× | ||
| Q2 25 | — | -21.43× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 7.69× | — |
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% |
UPST
| Platform and referral fees, net | $224.6M | 73% |
| Servicing and other fees, net | $52.4M | 17% |
| Other | $31.2M | 10% |
