vs
RAYONIER ADVANCED MATERIALS INC.（RYAM）与WillScot Holdings Corp（WSC）财务数据对比。点击上方公司名可切换其他公司
WillScot Holdings Corp的季度营收约是RAYONIER ADVANCED MATERIALS INC.的1.4倍（$566.0M vs $417.5M），RAYONIER ADVANCED MATERIALS INC.净利率更高（-5.0% vs -33.1%，领先28.1%），RAYONIER ADVANCED MATERIALS INC.同比增速更快（-1.2% vs -6.1%），过去两年RAYONIER ADVANCED MATERIALS INC.的营收复合增速更高（3.8% vs -1.8%）
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。
WillScot Holdings Corp是北美领先的模块化空间及便携式存储服务供应商，服务覆盖建筑、商业开发、教育、医疗、政府项目、特殊活动等多个领域，为客户提供灵活可扩展的临时及半永久空间解决方案。
RYAM vs WSC — 直观对比
营收规模更大
WSC
是对方的1.4倍
$417.5M
营收增速更快
RYAM
高出4.9%
-6.1%
净利率更高
RYAM
高出28.1%
-33.1%
两年增速更快
RYAM
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $417.5M | $566.0M |
| 净利润 | $-21.1M | $-187.3M |
| 毛利率 | 8.9% | 50.4% |
| 营业利润率 | 2.6% | -32.5% |
| 净利率 | -5.0% | -33.1% |
| 营收同比 | -1.2% | -6.1% |
| 净利润同比 | -31.9% | -310.0% |
| 每股收益（稀释后） | $-0.33 | $-1.02 |
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RYAMWSC
| Q4 25 | $417.5M | $566.0M | ||
| Q3 25 | $352.8M | $566.8M | ||
| Q2 25 | $340.0M | $589.1M | ||
| Q1 25 | $356.0M | $559.6M | ||
| Q4 24 | $422.5M | $602.5M | ||
| Q3 24 | $401.1M | $601.4M | ||
| Q2 24 | $419.0M | $604.6M | ||
| Q1 24 | $387.7M | $587.2M |
净利润RYAMWSC
| Q4 25 | $-21.1M | $-187.3M | ||
| Q3 25 | $-4.5M | $43.3M | ||
| Q2 25 | $-363.2M | $47.9M | ||
| Q1 25 | $-32.0M | $43.1M | ||
| Q4 24 | $-16.0M | $89.2M | ||
| Q3 24 | $-32.6M | $-70.5M | ||
| Q2 24 | $11.4M | $-46.9M | ||
| Q1 24 | $-1.6M | $56.2M |
毛利率RYAMWSC
| Q4 25 | 8.9% | 50.4% | ||
| Q3 25 | 9.7% | 49.7% | ||
| Q2 25 | 7.0% | 50.3% | ||
| Q1 25 | 6.8% | 53.7% | ||
| Q4 24 | 8.7% | 55.8% | ||
| Q3 24 | 10.9% | 53.5% | ||
| Q2 24 | 11.5% | 54.1% | ||
| Q1 24 | 9.5% | 54.0% |
营业利润率RYAMWSC
| Q4 25 | 2.6% | -32.5% | ||
| Q3 25 | 2.8% | 21.0% | ||
| Q2 25 | -0.4% | 21.5% | ||
| Q1 25 | -4.2% | 21.3% | ||
| Q4 24 | 2.6% | 28.9% | ||
| Q3 24 | -4.2% | -5.9% | ||
| Q2 24 | 6.7% | -0.9% | ||
| Q1 24 | 4.4% | 22.1% |
净利率RYAMWSC
| Q4 25 | -5.0% | -33.1% | ||
| Q3 25 | -1.3% | 7.6% | ||
| Q2 25 | -106.8% | 8.1% | ||
| Q1 25 | -9.0% | 7.7% | ||
| Q4 24 | -3.8% | 14.8% | ||
| Q3 24 | -8.1% | -11.7% | ||
| Q2 24 | 2.7% | -7.7% | ||
| Q1 24 | -0.4% | 9.6% |
每股收益（稀释后）RYAMWSC
| Q4 25 | $-0.33 | $-1.02 | ||
| Q3 25 | $-0.07 | $0.24 | ||
| Q2 25 | $-5.44 | $0.26 | ||
| Q1 25 | $-0.49 | $0.23 | ||
| Q4 24 | $-0.25 | $0.48 | ||
| Q3 24 | $-0.49 | $-0.37 | ||
| Q2 24 | $0.17 | $-0.25 | ||
| Q1 24 | $-0.02 | $0.29 |
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 | $14.6M |
| 总债务越低越好 | $758.1M | $3.6B |
| 股东权益账面价值 | $316.6M | $856.3M |
| 总资产 | $1.8B | $5.8B |
| 负债/权益比越低杠杆越低 | 2.39× | 4.15× |
8季度趋势，按日历期对齐
现金及短期投资RYAMWSC
| Q4 25 | $75.4M | $14.6M | ||
| Q3 25 | $77.0M | $14.8M | ||
| Q2 25 | $70.7M | $12.8M | ||
| Q1 25 | $129.9M | $10.7M | ||
| Q4 24 | $125.2M | $9.0M | ||
| Q3 24 | $136.1M | $11.0M | ||
| Q2 24 | $114.1M | $5.9M | ||
| Q1 24 | $54.6M | $13.1M |
总债务RYAMWSC
| Q4 25 | $758.1M | $3.6B | ||
| Q3 25 | $763.5M | $3.6B | ||
| Q2 25 | $720.4M | $3.7B | ||
| Q1 25 | $707.0M | $3.6B | ||
| Q4 24 | $706.4M | $3.7B | ||
| Q3 24 | $747.7M | $3.6B | ||
| Q2 24 | $752.8M | $3.5B | ||
| Q1 24 | $755.6M | $3.5B |
股东权益RYAMWSC
| Q4 25 | $316.6M | $856.3M | ||
| Q3 25 | $338.2M | $1.1B | ||
| Q2 25 | $342.3M | $1.0B | ||
| Q1 25 | $688.1M | $1.0B | ||
| Q4 24 | $713.9M | $1.0B | ||
| Q3 24 | $732.7M | $1.1B | ||
| Q2 24 | $755.1M | $1.2B | ||
| Q1 24 | $741.8M | $1.3B |
总资产RYAMWSC
| Q4 25 | $1.8B | $5.8B | ||
| Q3 25 | $1.8B | $6.1B | ||
| Q2 25 | $1.8B | $6.1B | ||
| Q1 25 | $2.1B | $6.0B | ||
| Q4 24 | $2.1B | $6.0B | ||
| Q3 24 | $2.2B | $6.0B | ||
| Q2 24 | $2.2B | $6.0B | ||
| Q1 24 | $2.1B | $6.2B |
负债/权益比RYAMWSC
| Q4 25 | 2.39× | 4.15× | ||
| Q3 25 | 2.26× | 3.39× | ||
| Q2 25 | 2.10× | 3.55× | ||
| Q1 25 | 1.03× | 3.56× | ||
| Q4 24 | 0.99× | 3.62× | ||
| Q3 24 | 1.02× | 3.42× | ||
| Q2 24 | 1.00× | 2.88× | ||
| Q1 24 | 1.02× | 2.63× |
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 | $158.9M |
| 自由现金流经营现金流 - 资本支出 | — | $149.7M |
| 自由现金流率自由现金流/营收 | — | 26.5% |
| 资本支出强度资本支出/营收 | — | 1.6% |
| 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 | — | $737.7M |
8季度趋势，按日历期对齐
经营现金流RYAMWSC
| Q4 25 | $32.3M | $158.9M | ||
| Q3 25 | $-17.8M | $191.2M | ||
| Q2 25 | $-30.2M | $205.3M | ||
| Q1 25 | $39.6M | $206.6M | ||
| Q4 24 | $54.9M | $178.9M | ||
| Q3 24 | $49.8M | $-1.6M | ||
| Q2 24 | $87.6M | $175.6M | ||
| Q1 24 | $11.3M | $208.7M |
自由现金流RYAMWSC
| Q4 25 | — | $149.7M | ||
| Q3 25 | — | $186.9M | ||
| Q2 25 | — | $199.0M | ||
| Q1 25 | — | $202.0M | ||
| Q4 24 | — | $176.6M | ||
| Q3 24 | — | $-4.9M | ||
| Q2 24 | — | $169.4M | ||
| Q1 24 | — | $202.1M |
自由现金流率RYAMWSC
| Q4 25 | — | 26.5% | ||
| Q3 25 | — | 33.0% | ||
| Q2 25 | — | 33.8% | ||
| Q1 25 | — | 36.1% | ||
| Q4 24 | — | 29.3% | ||
| Q3 24 | — | -0.8% | ||
| Q2 24 | — | 28.0% | ||
| Q1 24 | — | 34.4% |
资本支出强度RYAMWSC
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 1.1% |
现金转化率RYAMWSC
| Q4 25 | — | — | ||
| Q3 25 | — | 4.41× | ||
| Q2 25 | — | 4.28× | ||
| Q1 25 | — | 4.80× | ||
| Q4 24 | — | 2.01× | ||
| Q3 24 | — | — | ||
| Q2 24 | 7.69× | — | ||
| Q1 24 | — | 3.71× |
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% |
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
