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RAYONIER ADVANCED MATERIALS INC.（RYAM）与USA Compression Partners, LP（USAC）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USA Compression Partners, LP的1.7倍（$417.5M vs $252.5M），USA Compression Partners, LP净利率更高（11.0% vs -5.0%，领先16.0%），USA Compression Partners, LP同比增速更快（2.7% vs -1.2%），过去两年USA Compression Partners, LP的营收复合增速更高（4.9% 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。
USA Compression Partners, LP是一家总部位于美国的天然气压缩服务供应商，服务覆盖油气行业上游、中游及下游领域，提供定制化压缩系统、设备维护与运营支持，助力天然气生产、加工和运输环节高效运转。
RYAM vs USAC — 直观对比
营收规模更大
RYAM
是对方的1.7倍
$252.5M
营收增速更快
USAC
高出3.9%
-1.2%
净利率更高
USAC
高出16.0%
-5.0%
两年增速更快
USAC
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $417.5M | $252.5M |
| 净利润 | $-21.1M | $27.8M |
| 毛利率 | 8.9% | — |
| 营业利润率 | 2.6% | 30.3% |
| 净利率 | -5.0% | 11.0% |
| 营收同比 | -1.2% | 2.7% |
| 净利润同比 | -31.9% | 9.1% |
| 每股收益（稀释后） | $-0.33 | — |
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RYAMUSAC
| Q4 25 | $417.5M | $252.5M | ||
| Q3 25 | $352.8M | $250.3M | ||
| Q2 25 | $340.0M | $250.1M | ||
| Q1 25 | $356.0M | $245.2M | ||
| Q4 24 | $422.5M | $245.9M | ||
| Q3 24 | $401.1M | $240.0M | ||
| Q2 24 | $419.0M | $235.3M | ||
| Q1 24 | $387.7M | $229.3M |
净利润RYAMUSAC
| Q4 25 | $-21.1M | $27.8M | ||
| Q3 25 | $-4.5M | $34.5M | ||
| Q2 25 | $-363.2M | $28.6M | ||
| Q1 25 | $-32.0M | $20.5M | ||
| Q4 24 | $-16.0M | $25.4M | ||
| Q3 24 | $-32.6M | $19.3M | ||
| Q2 24 | $11.4M | $31.2M | ||
| Q1 24 | $-1.6M | $23.6M |
毛利率RYAMUSAC
| 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% | — |
营业利润率RYAMUSAC
| Q4 25 | 2.6% | 30.3% | ||
| Q3 25 | 2.8% | 33.5% | ||
| Q2 25 | -0.4% | 30.6% | ||
| Q1 25 | -4.2% | 28.3% | ||
| Q4 24 | 2.6% | 30.3% | ||
| Q3 24 | -4.2% | 31.5% | ||
| Q2 24 | 6.7% | 32.9% | ||
| Q1 24 | 4.4% | 29.2% |
净利率RYAMUSAC
| Q4 25 | -5.0% | 11.0% | ||
| Q3 25 | -1.3% | 13.8% | ||
| Q2 25 | -106.8% | 11.4% | ||
| Q1 25 | -9.0% | 8.4% | ||
| Q4 24 | -3.8% | 10.3% | ||
| Q3 24 | -8.1% | 8.1% | ||
| Q2 24 | 2.7% | 13.3% | ||
| Q1 24 | -0.4% | 10.3% |
每股收益（稀释后）RYAMUSAC
| Q4 25 | $-0.33 | — | ||
| Q3 25 | $-0.07 | — | ||
| Q2 25 | $-5.44 | — | ||
| Q1 25 | $-0.49 | — | ||
| Q4 24 | $-0.25 | — | ||
| Q3 24 | $-0.49 | — | ||
| Q2 24 | $0.17 | — | ||
| Q1 24 | $-0.02 | — |
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 | $8.6M |
| 总债务越低越好 | $758.1M | $2.5B |
| 股东权益账面价值 | $316.6M | — |
| 总资产 | $1.8B | $2.6B |
| 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RYAMUSAC
| Q4 25 | $75.4M | $8.6M | ||
| Q3 25 | $77.0M | — | ||
| Q2 25 | $70.7M | $2.0K | ||
| Q1 25 | $129.9M | $2.0K | ||
| Q4 24 | $125.2M | $14.0K | ||
| Q3 24 | $136.1M | $79.0K | ||
| Q2 24 | $114.1M | $9.0K | ||
| Q1 24 | $54.6M | $8.0K |
总债务RYAMUSAC
| Q4 25 | $758.1M | $2.5B | ||
| Q3 25 | $763.5M | $2.5B | ||
| Q2 25 | $720.4M | $2.5B | ||
| Q1 25 | $707.0M | $2.5B | ||
| Q4 24 | $706.4M | $2.5B | ||
| Q3 24 | $747.7M | $2.5B | ||
| Q2 24 | $752.8M | $2.5B | ||
| Q1 24 | $755.6M | $2.5B |
股东权益RYAMUSAC
| Q4 25 | $316.6M | — | ||
| Q3 25 | $338.2M | — | ||
| Q2 25 | $342.3M | — | ||
| Q1 25 | $688.1M | — | ||
| Q4 24 | $713.9M | — | ||
| Q3 24 | $732.7M | — | ||
| Q2 24 | $755.1M | — | ||
| Q1 24 | $741.8M | — |
总资产RYAMUSAC
| Q4 25 | $1.8B | $2.6B | ||
| Q3 25 | $1.8B | $2.7B | ||
| Q2 25 | $1.8B | $2.7B | ||
| Q1 25 | $2.1B | $2.7B | ||
| Q4 24 | $2.1B | $2.7B | ||
| Q3 24 | $2.2B | $2.8B | ||
| Q2 24 | $2.2B | $2.8B | ||
| Q1 24 | $2.1B | $2.8B |
负债/权益比RYAMUSAC
| 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 | $139.5M |
| 自由现金流经营现金流 - 资本支出 | — | $87.7M |
| 自由现金流率自由现金流/营收 | — | 34.8% |
| 资本支出强度资本支出/营收 | — | 20.5% |
| 现金转化率经营现金流/净利润 | — | 5.02× |
| 过去12个月自由现金流最近4个季度 | — | $277.0M |
8季度趋势，按日历期对齐
经营现金流RYAMUSAC
| Q4 25 | $32.3M | $139.5M | ||
| Q3 25 | $-17.8M | $75.9M | ||
| Q2 25 | $-30.2M | $124.2M | ||
| Q1 25 | $39.6M | $54.7M | ||
| Q4 24 | $54.9M | $130.2M | ||
| Q3 24 | $49.8M | $48.5M | ||
| Q2 24 | $87.6M | $96.7M | ||
| Q1 24 | $11.3M | $65.9M |
自由现金流RYAMUSAC
| Q4 25 | — | $87.7M | ||
| Q3 25 | — | $51.9M | ||
| Q2 25 | — | $101.1M | ||
| Q1 25 | — | $36.3M | ||
| Q4 24 | — | $101.2M | ||
| Q3 24 | — | $19.8M | ||
| Q2 24 | — | $48.2M | ||
| Q1 24 | — | $-32.7M |
自由现金流率RYAMUSAC
| Q4 25 | — | 34.8% | ||
| Q3 25 | — | 20.7% | ||
| Q2 25 | — | 40.4% | ||
| Q1 25 | — | 14.8% | ||
| Q4 24 | — | 41.1% | ||
| Q3 24 | — | 8.2% | ||
| Q2 24 | — | 20.5% | ||
| Q1 24 | — | -14.3% |
资本支出强度RYAMUSAC
| Q4 25 | — | 20.5% | ||
| Q3 25 | — | 9.6% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | — | 7.5% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | — | 12.0% | ||
| Q2 24 | — | 20.6% | ||
| Q1 24 | — | 43.0% |
现金转化率RYAMUSAC
| Q4 25 | — | 5.02× | ||
| Q3 25 | — | 2.20× | ||
| Q2 25 | — | 4.35× | ||
| Q1 25 | — | 2.66× | ||
| Q4 24 | — | 5.12× | ||
| Q3 24 | — | 2.51× | ||
| Q2 24 | 7.69× | 3.10× | ||
| Q1 24 | — | 2.80× |
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% |
USAC
| Revenue From Contract Operations Excluding Revenue From Related Party | $231.7M | 92% |
| Entities Affiliated With Energy Transfer LP | $16.6M | 7% |
| Transferred At Point In Time | $5.4M | 2% |
