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Rayonier Advanced Matls Inc Financials

RYAM
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Rayonier Advanced Matls Inc (RYAM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 24 / 100
Financial Profile 24/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
23

Rayonier Advanced Matls Inc has an operating margin of 0.3%, meaning the company retains $0 of operating profit per $100 of revenue. This below-average margin results in a low score of 23/100, suggesting thin profitability after operating expenses. This is down from 2.4% the prior year.

Growth
17

Rayonier Advanced Matls Inc's revenue declined 10.1% year-over-year, from $1.6B to $1.5B. This contraction results in a growth score of 17/100.

Leverage
53

Rayonier Advanced Matls Inc has a moderate D/E ratio of 2.39. This balance of debt and equity financing earns a leverage score of 53/100.

Liquidity
27

Rayonier Advanced Matls Inc's current ratio of 1.58 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 27/100, which could limit financial flexibility.

Returns
0

Rayonier Advanced Matls Inc generates a -132.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -5.4% the prior year.

Altman Z-Score Distress
1.21

Rayonier Advanced Matls Inc scores 1.21, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral
4/9

Rayonier Advanced Matls Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed
-0.06x

For every $1 of reported earnings, Rayonier Advanced Matls Inc generates $-0.06 in operating cash flow ($23.9M OCF vs -$420.7M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk
0.0x

Rayonier Advanced Matls Inc earns $0.0 in operating income for every $1 of interest expense ($4.1M vs $98.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.5B
YoY-10.1%
5Y CAGR+1.8%
10Y CAGR+3.4%

Rayonier Advanced Matls Inc generated $1.5B in revenue in fiscal year 2025. This represents a decrease of 10.1% from the prior year.

EBITDA
$138.1M
YoY-21.8%
5Y CAGR+5.0%
10Y CAGR-9.2%

Rayonier Advanced Matls Inc's EBITDA was $138.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 21.8% from the prior year.

Net Income
-$420.7M
YoY-985.8%

Rayonier Advanced Matls Inc reported -$420.7M in net income in fiscal year 2025. This represents a decrease of 985.8% from the prior year.

EPS (Diluted)
$-6.33
YoY-972.9%

Rayonier Advanced Matls Inc earned $-6.33 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 972.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$75.4M
YoY-39.8%
5Y CAGR-4.2%

Rayonier Advanced Matls Inc held $75.4M in cash against $758.1M in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
67M
YoY+1.6%
5Y CAGR+1.1%

Rayonier Advanced Matls Inc had 67M shares outstanding in fiscal year 2025. This represents an increase of 1.6% from the prior year.

Margins & Returns

Gross Margin
8.1%
YoY-2.1pp
5Y CAGR+3.4pp
10Y CAGR-23.7pp

Rayonier Advanced Matls Inc's gross margin was 8.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.1 percentage points from the prior year.

Operating Margin
0.3%
YoY-2.1pp
5Y CAGR+2.5pp
10Y CAGR-27.3pp

Rayonier Advanced Matls Inc's operating margin was 0.3% in fiscal year 2025, reflecting core business profitability. This is down 2.1 percentage points from the prior year.

Net Margin
-28.7%
YoY-26.3pp
5Y CAGR-28.7pp
10Y CAGR-49.7pp

Rayonier Advanced Matls Inc's net profit margin was -28.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 26.3 percentage points from the prior year.

Return on Equity
-132.9%
YoY-127.5pp
5Y CAGR-133.0pp
10Y CAGR-155.6pp

Rayonier Advanced Matls Inc's ROE was -132.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 127.5 percentage points from the prior year.

Capital Allocation

R&D Spending
$7.0M
YoY+40.0%
5Y CAGR+0.0%

Rayonier Advanced Matls Inc invested $7.0M in research and development in fiscal year 2025. This represents an increase of 40.0% from the prior year.

Share Buybacks
N/A
Capital Expenditures
N/A

RYAM Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $417.5M+18.3% $352.8M+3.8% $340.0M-4.5% $356.0M-15.7% $422.5M+5.3% $401.1M-4.3% $419.0M+8.1% $387.7M
Cost of Revenue $380.5M+19.4% $318.8M+0.7% $316.4M-4.7% $331.9M-13.9% $385.6M+7.8% $357.5M-3.6% $370.7M+5.7% $350.9M
Gross Profit $37.0M+8.7% $34.1M+44.1% $23.6M-1.7% $24.1M-34.9% $36.9M-15.2% $43.6M-9.8% $48.3M+31.4% $36.8M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $19.1M-19.4% $23.7M+31.7% $18.0M-22.8% $23.3M-12.9% $26.7M+17.7% $22.7M+4.0% $21.8M+3.5% $21.1M
Operating Income $10.8M+10.8% $9.7M+827.3% -$1.3M+91.1% -$15.1M-237.1% $11.0M+165.5% -$16.8M-159.6% $28.2M+65.1% $17.1M
Interest Expense $25.9M+4.5% $24.8M+4.5% $23.7M+0.4% $23.6M+2.1% $23.1M+12.9% $20.5M-3.7% $21.3M+2.0% $20.9M
Income Tax $28K+100.3% -$10.4M-103.1% $339.2M+6165.8% -$5.6M-85.7% -$3.0M+34.5% -$4.6M-441.2% -$849K-79.9% -$472K
Net Income -$21.1M-372.7% -$4.5M+98.8% -$363.2M-1036.1% -$32.0M-100.2% -$16.0M+51.0% -$32.6M-386.2% $11.4M+825.5% -$1.6M
EPS (Diluted) N/A $-0.07+98.7% $-5.44-1010.2% $-0.49 N/A $-0.49-388.2% $0.17+950.0% $-0.02

RYAM Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $1.8B-2.1% $1.8B+2.3% $1.8B-17.1% $2.1B-0.6% $2.1B-1.4% $2.2B-1.7% $2.2B+2.9% $2.1B
Current Assets $568.4M-3.8% $590.6M+9.4% $539.8M-5.7% $572.5M-4.7% $601.0M-4.5% $629.0M-0.9% $635.0M+16.4% $545.6M
Cash & Equivalents $75.4M-2.1% $77.0M+9.0% $70.7M-45.6% $129.9M+3.7% $125.2M-8.0% $136.1M+19.2% $114.1M+109.0% $54.6M
Inventory $238.0M-6.3% $254.0M+8.9% $233.2M+10.0% $212.0M+1.9% $208.0M-11.1% $234.0M+3.8% $225.5M-1.1% $228.1M
Accounts Receivable $193.3M+5.5% $183.2M+20.0% $152.6M-8.7% $167.1M-21.9% $214.0M+10.7% $193.3M-5.0% $203.5M+11.2% $183.0M
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $1.4B-1.1% $1.5B+3.2% $1.4B-1.2% $1.4B+1.0% $1.4B-0.8% $1.4B-1.1% $1.4B+3.5% $1.4B
Current Liabilities $360.4M-4.2% $376.2M+1.2% $371.6M-8.2% $404.8M+1.2% $400.2M+10.0% $363.9M-3.4% $376.6M+13.3% $332.5M
Long-Term Debt $758.1M-0.7% $763.5M+6.0% $720.4M+1.9% $707.0M+0.1% $706.4M-5.5% $747.7M-0.7% $752.8M-0.4% $755.6M
Total Equity $316.6M-6.4% $338.2M-1.2% $342.3M-50.3% $688.1M-3.6% $713.9M-2.6% $732.7M-3.0% $755.1M+1.8% $741.8M
Retained Earnings -$88.9M-32.0% -$67.4M-7.9% -$62.5M-120.7% $301.2M-9.7% $333.6M-4.6% $349.8M-8.5% $382.4M+3.1% $371.0M

RYAM Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $32.3M+281.4% -$17.8M+41.1% -$30.2M-176.2% $39.6M-27.9% $54.9M+10.2% $49.8M-43.1% $87.6M+677.6% $11.3M
Capital Expenditures N/A N/A N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Investing Cash Flow -$16.9M+23.7% -$22.2M+40.8% -$37.5M+0.1% -$37.5M-32.6% -$28.3M-30.6% -$21.6M+15.0% -$25.5M+21.8% -$32.6M
Financing Cash Flow -$17.4M-137.4% $46.5M+2752.4% $1.6M+327.2% -$718K+97.8% -$32.5M-266.4% -$8.9M-336.1% -$2.0M-319.4% $927K
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

RYAM Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 8.9%-0.8pp 9.7%+2.7pp 7.0%+0.2pp 6.8%-2.0pp 8.7%-2.1pp 10.9%-0.7pp 11.5%+2.1pp 9.5%
Operating Margin 2.6%-0.2pp 2.8%+3.1pp -0.4%+3.9pp -4.2%-6.9pp 2.6%+6.8pp -4.2%-10.9pp 6.7%+2.3pp 4.4%
Net Margin -5.0%-3.8pp -1.3%+105.6pp -106.8%-97.8pp -9.0%-5.2pp -3.8%+4.3pp -8.1%-10.8pp 2.7%+3.1pp -0.4%
Return on Equity -6.7%-5.3pp -1.3%+104.8pp -106.1%-101.4pp -4.7%-2.4pp -2.2%+2.2pp -4.5%-6.0pp 1.5%+1.7pp -0.2%
Return on Assets -1.2%-0.9pp -0.3%+20.4pp -20.7%-19.2pp -1.5%-0.8pp -0.8%+0.8pp -1.5%-2.0pp 0.5%+0.6pp -0.1%
Current Ratio 1.580.0 1.57+0.1 1.45+0.0 1.41-0.1 1.50-0.2 1.73+0.0 1.69+0.0 1.64
Debt-to-Equity 2.39+0.1 2.26+0.2 2.10+1.1 1.03+0.0 0.99-0.0 1.02+0.0 1.00-0.0 1.02
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

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Frequently Asked Questions

Rayonier Advanced Matls Inc (RYAM) reported $1.5B in total revenue for fiscal year 2025. This represents a -10.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Rayonier Advanced Matls Inc (RYAM) revenue declined by 10.1% year-over-year, from $1.6B to $1.5B in fiscal year 2025.

No, Rayonier Advanced Matls Inc (RYAM) reported a net income of -$420.7M in fiscal year 2025, with a net profit margin of -28.7%.

Rayonier Advanced Matls Inc (RYAM) reported diluted earnings per share of $-6.33 for fiscal year 2025. This represents a -972.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Rayonier Advanced Matls Inc (RYAM) had EBITDA of $138.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Rayonier Advanced Matls Inc (RYAM) had $75.4M in cash and equivalents against $758.1M in long-term debt.

Rayonier Advanced Matls Inc (RYAM) had a gross margin of 8.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Rayonier Advanced Matls Inc (RYAM) had an operating margin of 0.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Rayonier Advanced Matls Inc (RYAM) had a net profit margin of -28.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Rayonier Advanced Matls Inc (RYAM) has a return on equity of -132.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Rayonier Advanced Matls Inc (RYAM) generated $23.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Rayonier Advanced Matls Inc (RYAM) had $1.8B in total assets as of fiscal year 2025, including both current and long-term assets.

Rayonier Advanced Matls Inc (RYAM) invested $7.0M in research and development during fiscal year 2025.

Rayonier Advanced Matls Inc (RYAM) had 67M shares outstanding as of fiscal year 2025.

Rayonier Advanced Matls Inc (RYAM) had a current ratio of 1.58 as of fiscal year 2025, which is generally considered healthy.

Rayonier Advanced Matls Inc (RYAM) had a debt-to-equity ratio of 2.39 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Rayonier Advanced Matls Inc (RYAM) had a return on assets of -23.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Rayonier Advanced Matls Inc (RYAM) has an Altman Z-Score of 1.21, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Rayonier Advanced Matls Inc (RYAM) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Rayonier Advanced Matls Inc (RYAM) has an earnings quality ratio of -0.06x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Rayonier Advanced Matls Inc (RYAM) has an interest coverage ratio of 0.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Rayonier Advanced Matls Inc (RYAM) scores 24 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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