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RAYONIER ADVANCED MATERIALS INC.（RYAM）与世纪互联（VNET）财务数据对比。点击上方公司名可切换其他公司
RAYONIER ADVANCED MATERIALS INC.的季度营收约是世纪互联的1.2倍（$417.5M vs $362.7M），RAYONIER ADVANCED MATERIALS INC.净利率更高（-5.0% vs -10.7%，领先5.6%），过去两年世纪互联的营收复合增速更高（17.4% 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。
VNET Group即世纪互联，是中国领先的第三方中立数据中心服务商，提供机柜托管、云基础设施、混合云部署及网络管理等解决方案，服务覆盖科技、金融、零售等多领域企业客户，为企业数字化运营提供稳定的算力与网络支撑。
RYAM vs VNET — 直观对比
营收规模更大
RYAM
是对方的1.2倍
$362.7M
净利率更高
RYAM
高出5.6%
-10.7%
两年增速更快
VNET
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $417.5M | $362.7M |
| 净利润 | $-21.1M | $-38.7M |
| 毛利率 | 8.9% | 20.9% |
| 营业利润率 | 2.6% | 0.5% |
| 净利率 | -5.0% | -10.7% |
| 营收同比 | -1.2% | — |
| 净利润同比 | -31.9% | — |
| 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RYAMVNET
| Q4 25 | $417.5M | — | ||
| Q3 25 | $352.8M | $362.7M | ||
| Q2 25 | $340.0M | — | ||
| Q1 25 | $356.0M | $309.5M | ||
| Q4 24 | $422.5M | — | ||
| Q3 24 | $401.1M | $302.2M | ||
| Q2 24 | $419.0M | $274.4M | ||
| Q1 24 | $387.7M | $262.9M |
净利润RYAMVNET
| Q4 25 | $-21.1M | — | ||
| Q3 25 | $-4.5M | $-38.7M | ||
| Q2 25 | $-363.2M | — | ||
| Q1 25 | $-32.0M | $-2.4M | ||
| Q4 24 | $-16.0M | — | ||
| Q3 24 | $-32.6M | $-2.1M | ||
| Q2 24 | $11.4M | $-1.1M | ||
| Q1 24 | $-1.6M | $-22.0M |
毛利率RYAMVNET
| Q4 25 | 8.9% | — | ||
| Q3 25 | 9.7% | 20.9% | ||
| Q2 25 | 7.0% | — | ||
| Q1 25 | 6.8% | 25.2% | ||
| Q4 24 | 8.7% | — | ||
| Q3 24 | 10.9% | 23.2% | ||
| Q2 24 | 11.5% | 21.3% | ||
| Q1 24 | 9.5% | 21.6% |
营业利润率RYAMVNET
| Q4 25 | 2.6% | — | ||
| Q3 25 | 2.8% | 0.5% | ||
| Q2 25 | -0.4% | — | ||
| Q1 25 | -4.2% | 0.1% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | -4.2% | 24.5% | ||
| Q2 24 | 6.7% | 0.2% | ||
| Q1 24 | 4.4% | 0.2% |
净利率RYAMVNET
| Q4 25 | -5.0% | — | ||
| Q3 25 | -1.3% | -10.7% | ||
| Q2 25 | -106.8% | — | ||
| Q1 25 | -9.0% | -0.8% | ||
| Q4 24 | -3.8% | — | ||
| Q3 24 | -8.1% | -0.7% | ||
| Q2 24 | 2.7% | -0.4% | ||
| Q1 24 | -0.4% | -8.4% |
每股收益（稀释后）RYAMVNET
| 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 | $492.1M |
| 总债务越低越好 | $758.1M | — |
| 股东权益账面价值 | $316.6M | $890.8M |
| 总资产 | $1.8B | $6.1B |
| 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RYAMVNET
| Q4 25 | $75.4M | — | ||
| Q3 25 | $77.0M | $492.1M | ||
| Q2 25 | $70.7M | — | ||
| Q1 25 | $129.9M | $544.3M | ||
| Q4 24 | $125.2M | — | ||
| Q3 24 | $136.1M | $219.5M | ||
| Q2 24 | $114.1M | $247.2M | ||
| Q1 24 | $54.6M | $246.9M |
总债务RYAMVNET
| Q4 25 | $758.1M | — | ||
| Q3 25 | $763.5M | — | ||
| Q2 25 | $720.4M | — | ||
| Q1 25 | $707.0M | — | ||
| Q4 24 | $706.4M | — | ||
| Q3 24 | $747.7M | $1.2B | ||
| Q2 24 | $752.8M | — | ||
| Q1 24 | $755.6M | — |
股东权益RYAMVNET
| Q4 25 | $316.6M | — | ||
| Q3 25 | $338.2M | $890.8M | ||
| Q2 25 | $342.3M | — | ||
| Q1 25 | $688.1M | $927.8M | ||
| Q4 24 | $713.9M | — | ||
| Q3 24 | $732.7M | $902.9M | ||
| Q2 24 | $755.1M | $900.6M | ||
| Q1 24 | $741.8M | $895.1M |
总资产RYAMVNET
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | $6.1B | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $2.1B | $5.4B | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.2B | $4.3B | ||
| Q2 24 | $2.2B | $4.0B | ||
| Q1 24 | $2.1B | $3.9B |
负债/权益比RYAMVNET
| Q4 25 | 2.39× | — | ||
| Q3 25 | 2.26× | — | ||
| Q2 25 | 2.10× | — | ||
| Q1 25 | 1.03× | — | ||
| Q4 24 | 0.99× | — | ||
| Q3 24 | 1.02× | 1.28× | ||
| 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 | $113.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-193.1M |
| 自由现金流率自由现金流/营收 | — | -53.2% |
| 资本支出强度资本支出/营收 | — | 84.6% |
| 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 | — | $-589.7M |
8季度趋势，按日历期对齐
经营现金流RYAMVNET
| Q4 25 | $32.3M | — | ||
| Q3 25 | $-17.8M | $113.8M | ||
| Q2 25 | $-30.2M | — | ||
| Q1 25 | $39.6M | $27.0M | ||
| Q4 24 | $54.9M | — | ||
| Q3 24 | $49.8M | $108.3M | ||
| Q2 24 | $87.6M | $55.8M | ||
| Q1 24 | $11.3M | $37.1M |
自由现金流RYAMVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $-193.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-95.0M | ||
| Q2 24 | — | $-81.6M | ||
| Q1 24 | — | $-102.2M |
自由现金流率RYAMVNET
| Q4 25 | — | — | ||
| Q3 25 | — | -53.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | — | -29.8% | ||
| Q1 24 | — | -38.9% |
资本支出强度RYAMVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 79.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | — | 50.1% | ||
| Q1 24 | — | 53.0% |
现金转化率RYAMVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 7.69× | — | ||
| Q1 24 | — | — |
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% |
VNET
暂无分部数据
