NYSE : RYAM
Rayonier Advanced Materials Inc. — Financial statements
Materials · Chemicals · United States
Last price 6.69 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 452.54M
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Financial statements
Rayonier Advanced Materials Inc. (RYAM) reported revenue of 1.47B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.47B | 1.47B | 1.63B | 1.64B | 1.72B | 1.41B |
| Cost of Revenue | 1.38B | 1.35B | 1.46B | 1.56B | 1.59B | 1.33B |
| Gross Profit | 86.44M | 118.78M | 165.58M | 88.15M | 123.08M | 74.72M |
| Selling, General & Admin | 77.36M | 83.02M | 89.33M | 75.61M | 86.52M | 80.13M |
| Other Operating Expenses | 4.25M | 23.60M | -435.00K | 12.61M | -1.18M | 486.00K |
| Operating Expenses | 81.61M | 106.62M | 88.90M | 88.22M | 85.33M | 80.61M |
| Operating Income | 4.83M | 12.17M | 76.68M | -71.00K | 37.75M | -5.89M |
| Interest Expense | -98.48M | -97.95M | -85.72M | -73.81M | -66.18M | -66.39M |
| Earnings From Equity Investments | -5.14M | -5.22M | 230.00K | -1.78M | -5.39M | -3.63M |
| Currency Exchange Gain (Loss) | -4.43M | -11.63M | 17.43M | -7.00M | 4.73M | 875.00K |
| Other Non Operating Income (Expenses) | 4.81M | 4.99M | -5.70M | 10.14M | 5.42M | 901.00K |
| EBT Excluding Unusual Items | -98.41M | -97.64M | 2.93M | -72.52M | -23.68M | -74.14M |
| Merger & Restructuring Charges | -42.48M | -1.27M | -41.80M | -62.30M | ||
| Gain (Loss) on Sale of Investments | 5.20M | -3.60M | ||||
| Gain (Loss) on Sale of Assets | -893.00K | -893.00K | -1.79M | -3.74M | -1.01M | |
| Asset Writedown | -13.04M | |||||
| Other Unusual Items | -106.00K | -106.00K | -10.20M | 361.00K | -4.25M | -5.71M |
| Pretax Income | -154.93M | -99.92M | -50.85M | -134.46M | -26.48M | -84.46M |
| Income Tax Expense | -15.32M | 323.26M | -8.93M | -32.31M | 902.00K | -34.69M |
| Earnings From Continuing Operations | -139.61M | -423.18M | -41.92M | -102.15M | -27.38M | -49.77M |
| Earnings From Discontinued Operations | 2.67M | 3.22M | 312.00K | 12.46M | 116.18M | |
| Net Income to Company | -139.61M | -420.51M | -38.71M | -101.83M | -14.92M | 66.41M |
| Minority Interest in Earnings | -326.00K | -161.00K | -37.00K | |||
| Net Income | -139.93M | -420.67M | -38.74M | -101.83M | -14.92M | 66.41M |
| Preferred Dividends & Other Adjustments | 1.88M | 1.82M | 253.00K | |||
| Net Income to Common | -141.82M | -422.50M | -39.00M | -101.83M | -14.92M | 66.41M |
| Shares Outstanding (Basic) | 67.17M | 66.78M | 65.75M | 65.11M | 63.91M | 63.65M |
| Shares Outstanding (Diluted) | 67.17M | 66.78M | 65.75M | 65.11M | 63.91M | 63.65M |
| EPS (Basic) | -2.11 | -6.33 | -0.59 | -1.56 | -0.23 | 1.04 |
| EPS (Diluted) | -2.11 | -6.33 | -0.59 | -1.57 | -0.23 | 1.04 |
| Free Cash Flow | -36.56M | -91.69M | 95.67M | 8.60M | -69.41M | 140.01M |
| Free Cash Flow Per Share | -0.54 | -1.37 | 1.46 | 0.13 | -1.09 | 2.20 |
| Gross Margin | 5.90% | 8.10% | 10.16% | 5.36% | 7.17% | 5.31% |
| Operating Margin | 0.33% | 0.83% | 4.70% | -0.00% | 2.20% | -0.42% |
| Profit Margin | -9.68% | -28.81% | -2.39% | -6.20% | -0.87% | 4.72% |
| Free Cash Flow Margin | -2.50% | -6.25% | 5.87% | 0.52% | -4.04% | 9.95% |
| EBITDA | 135.80M | 140.13M | 208.86M | 135.91M | 168.33M | 132.41M |
| EBITDA Margin | 9.27% | 9.56% | 12.81% | 8.27% | 9.80% | 9.41% |
| D&A For EBITDA | 130.97M | 127.96M | 132.17M | 135.98M | 130.58M | 138.30M |
| EBIT | 4.83M | 12.17M | 76.68M | -71.00K | 37.75M | -5.89M |
| EBIT Margin | 0.33% | 0.83% | 4.70% | -0.00% | 2.20% | -0.42% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 57.01M | 75.39M | 125.22M | 75.77M | 151.80M | 253.31M |
| Short-Term Investments | 38.51M | |||||
| Cash & Short-Term Investments | 57.01M | 75.39M | 125.22M | 75.77M | 151.80M | 291.82M |
| Accounts Receivable | 166.55M | 168.37M | 190.03M | 165.48M | 170.08M | 130.60M |
| Other Receivables | 13.50M | 26.66M | 26.57M | 51.43M | 42.64M | 72.42M |
| Receivables | 180.05M | 195.03M | 216.61M | 216.91M | 212.72M | 203.01M |
| Inventory | 196.01M | 237.97M | 208.00M | 207.47M | 265.33M | 230.69M |
| Prepaid Expenses | 77.35M | 40.99M | 37.13M | 40.90M | 36.67M | 31.60M |
| Other Current Assets | 19.00M | 14.00M | 34.00M | 23.00M | 19.00M | |
| Total Current Assets | 510.42M | 568.38M | 600.96M | 575.06M | 689.53M | 776.12M |
| Property, Plant & Equipment | 944.46M | 1.04B | 1.05B | 1.09B | 1.17B | 1.16B |
| Other Intangible Assets | 3.64M | 31.93M | 38.40M | 34.41M | 46.42M | 31.43M |
| Long-Term Deferred Tax Assets | 22.34M | 24.03M | 349.50M | 345.18M | 322.16M | 335.12M |
| Other Long-Term Assets | 138.94M | 93.77M | 91.10M | 135.47M | 122.52M | 137.88M |
| Total Assets | 1.62B | 1.76B | 2.13B | 2.18B | 2.35B | 2.45B |
| Accounts Payable | 193.84M | 190.45M | 196.25M | 186.23M | 163.96M | 169.46M |
| Accrued Expenses | 101.10M | 95.47M | 129.47M | 91.39M | 94.41M | 63.32M |
| Short-Term Debt | 647.00K | 4.80M | 2.30M | 5.29M | 3.77M | 7.12M |
| Current Portion of Long-Term Debt | 28.98M | 15.65M | 21.07M | 19.99M | 10.84M | 30.56M |
| Current Portion of Leases | 8.68M | 7.60M | 4.50M | 4.74M | 6.05M | |
| Current Income Taxes Payable | 3.93M | 4.34M | 4.45M | 4.61M | 9.32M | 9.21M |
| Current Unearned Revenue | 1.06M | 10.36M | 11.13M | 24.06M | 21.64M | 22.52M |
| Other Current Liabilities | 42.23M | 30.62M | 27.89M | 39.77M | 44.99M | 46.33M |
| Total Current Liabilities | 371.80M | 360.38M | 400.16M | 375.83M | 353.68M | 354.56M |
| Long-Term Debt | 744.93M | 758.11M | 705.52M | 750.82M | 836.75M | 888.89M |
| Long-Term Leases | 211.00K | 18.60M | 24.96M | 16.02M | 13.16M | 14.69M |
| Pension & Post-Retirement Benefits | 75.33M | 78.84M | 77.24M | 101.49M | 119.57M | 170.32M |
| Long-Term Deferred Tax Liabilities | 4.58M | 12.72M | 13.69M | 15.19M | 17.02M | 20.48M |
| Other Long-Term Liabilities | 216.02M | 201.79M | 183.70M | 176.90M | 178.04M | 181.73M |
| Total Liabilities | 1.41B | 1.43B | 1.41B | 1.44B | 1.52B | 1.63B |
| Common Stock | 676.00K | 670.00K | 660.00K | 654.00K | 640.00K | 637.00K |
| Additional Paid-In Capital | 427.19M | 427.76M | 425.30M | 419.12M | 418.05M | 408.83M |
| Retained Earnings | -204.28M | -88.91M | 333.59M | 372.59M | 474.42M | 489.34M |
| Comprehensive Income & Other | -28.83M | -22.97M | -45.67M | -45.92M | -63.80M | -84.47M |
| Total Common Equity | 194.75M | 316.56M | 713.88M | 746.45M | 829.31M | 814.34M |
| Minority Interest | 12.17M | 11.37M | 10.50M | |||
| Shareholders' Equity | 206.93M | 327.92M | 724.39M | 746.45M | 829.31M | 814.34M |
| Total Liabilities & Equity | 1.62B | 1.76B | 2.13B | 2.18B | 2.35B | 2.45B |
| Total Debt | 774.77M | 805.84M | 761.46M | 796.62M | 869.26M | 947.31M |
| Net Cash (Debt) | -717.76M | -730.45M | -636.24M | -720.85M | -717.46M | -655.50M |
| Net Cash Per Share | -10.69 | -10.94 | -9.68 | -11.07 | -11.23 | -10.30 |
| Filing Date Shares Outstanding | 67.64M | 67.01M | 65.97M | 65.40M | 64.20M | 63.74M |
| Total Common Shares Outstanding | 67.63M | 67.01M | 65.97M | 65.39M | 64.02M | 63.74M |
| Working Capital | 138.62M | 208.01M | 200.80M | 199.23M | 335.85M | 421.56M |
| Book Value Per Share | 2.88 | 4.72 | 10.82 | 11.41 | 12.95 | 12.78 |
| Tangible Book Value | 191.11M | 284.62M | 675.48M | 712.03M | 782.89M | 782.91M |
| Tangible Book Value Per Share | 2.83 | 4.25 | 10.24 | 10.89 | 12.23 | 12.28 |
| Land | 42.09M | 41.43M | 35.84M | 37.35M | 34.83M | |
| Buildings | 262.96M | 254.13M | 251.20M | 257.59M | 254.93M | |
| Machinery | 2.64B | 2.54B | 2.50B | 2.52B | 2.44B | |
| Construction In Progress | 60.95M | 70.53M | 78.79M | 57.14M | 58.34M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -139.93M | -420.67M | -38.74M | -101.83M | -14.92M | 66.41M |
| Depreciation & Amortization | 130.97M | 127.96M | 132.17M | 135.98M | 130.58M | 138.30M |
| Other Amortization | 14.55M | 14.55M | 13.56M | 10.05M | 8.03M | 3.80M |
| Loss (Gain) From Sale of Assets | 535.00K | 893.00K | 1.79M | 731.00K | 3.74M | 1.01M |
| Asset Writedown & Restructuring Costs | 53.92M | 25.17M | 62.30M | |||
| Loss (Gain) From Sale of Investments | 2.00M | 2.00M | -5.20M | 3.60M | ||
| Stock-Based Compensation | 3.82M | 5.50M | 7.10M | 6.51M | 9.65M | 5.10M |
| Other Operating Activities | -21.34M | 339.31M | -16.55M | -34.75M | -12.76M | -147.77M |
| Change in Accounts Receivable | -28.68M | 24.78M | -24.39M | 19.98M | -33.82M | -11.52M |
| Change in Inventory | 37.99M | -23.28M | -2.13M | 58.95M | -35.11M | -58.31M |
| Change in Accounts Payable | 4.71M | 2.90M | 8.07M | 13.76M | -8.27M | 7.38M |
| Change in Income Taxes | 1.10M | 1.10M | 19.86M | -7.14M | 19.80M | 32.91M |
| Change in Other Net Operating Assets | -8.23M | -48.44M | 80.93M | -27.95M | 19.55M | 32.77M |
| Operating Cash Flow | 51.41M | 23.91M | 203.61M | 136.27M | 68.81M | 233.22M |
| Capital Expenditures | -87.97M | -115.60M | -107.94M | -127.67M | -138.22M | -93.22M |
| Investment in Securities | -2.00M | -2.00M | -780.00K | -379.00K | -4.14M | |
| Other Investing Activities | 5.50M | 3.50M | 1.17M | 44.43M | 182.75M | |
| Investing Cash Flow | -84.47M | -114.10M | -107.94M | -127.28M | -94.17M | 85.39M |
| Short-Term Debt Issued | 1.37M | 2.03M | ||||
| Long-Term Debt Issued | 547.40M | 672.20M | 465.03M | 5.72M | 4.39M | |
| Total Debt Issued | 749.45M | 547.40M | 672.20M | 466.40M | 5.72M | 6.42M |
| Short-Term Debt Repaid | -2.03M | -2.74M | -3.15M | |||
| Long-Term Debt Repaid | -512.09M | -701.88M | -537.85M | -75.25M | -161.03M | |
| Total Debt Repaid | -726.07M | -514.12M | -704.62M | -537.85M | -78.40M | -161.03M |
| Net Debt Issued (Repaid) | 23.38M | 33.28M | -32.42M | -71.45M | -72.68M | -154.60M |
| Repurchase of Common Stock | -2.15M | -3.02M | -914.00K | -5.42M | -433.00K | -1.42M |
| Other Financing Activities | -583.00K | -196.00K | -9.14M | -10.08M | -636.00K | |
| Financing Cash Flow | 20.64M | 30.06M | -42.48M | -86.95M | -73.11M | -156.66M |
| Foreign Exchange Rate Adjustments | -1.25M | 10.30M | -3.73M | 1.92M | -3.03M | -2.30M |
| Net Cash Flow | -13.67M | -49.83M | 49.45M | -76.03M | -101.50M | 159.65M |
| Free Cash Flow | -36.56M | -91.69M | 95.67M | 8.60M | -69.41M | 140.01M |
| Free Cash Flow Margin | -2.50% | -6.25% | 5.87% | 0.52% | -4.04% | 9.95% |
| Free Cash Flow Per Share | -0.54 | -1.37 | 1.46 | 0.13 | -1.09 | 2.20 |
| Levered Free Cash Flow | 22.87M | -75.55M | 89.74M | 28.10M | -36.50M | 104.24M |
| Unlevered Free Cash Flow | 75.87M | -22.88M | 134.75M | 68.19M | 834.38K | 141.93M |
| Cash Interest Paid | 88.21M | 99.39M | 95.05M | 51.02M | 58.05M | 46.77M |
| Cash Income Tax Paid | 1.02M | 510.00K | -19.00M | 7.24M | -15.20M | -34.72M |
| Change in Working Capital | 6.89M | -42.95M | 82.33M | 57.60M | -37.86M | 3.23M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 451.19M | 394.66M | 543.81M | 264.64M | 614.12M | 363.94M |
| Enterprise Value | 1.17B | 1.15B | 1.21B | 1.01B | 1.37B | 1.01B |
| Last Close Price | 6.67 | 5.89 | 8.25 | 4.05 | 9.60 | 5.71 |
| PE Ratio | 5.48 | |||||
| Forward PE | 11.31 | 84.14 | 154.78 | 30.24 | 30.24 | 30.24 |
| PS Ratio | 0.31 | 0.27 | 0.33 | 0.16 | 0.36 | 0.26 |
| PB Ratio | 2.32 | 1.20 | 0.75 | 0.35 | 0.74 | 0.45 |
| P/TBV Ratio | 2.36 | 1.39 | 0.81 | 0.37 | 0.78 | 0.47 |
| P/FCF Ratio | 5.68 | 30.76 | 2.60 | |||
| P/OCF Ratio | 8.78 | 16.50 | 2.67 | 1.94 | 8.93 | 1.56 |
| PEG Ratio | 4.74 | 4.74 | 4.74 | 4.74 | 4.74 | |
| EV/Sales Ratio | 0.80 | 0.79 | 0.74 | 0.61 | 0.80 | 0.72 |
| EV/EBITDA Ratio | 8.61 | 8.23 | 5.82 | 7.39 | 8.15 | 7.63 |
| EV/EBIT Ratio | 241.82 | 94.75 | 15.84 | 36.36 | ||
| EV/FCF Ratio | 12.70 | 116.81 | 7.22 | |||
| Debt / Equity Ratio | 3.74 | 2.46 | 1.05 | 1.07 | 1.05 | 1.16 |
| Debt / EBITDA Ratio | 5.71 | 5.35 | 3.50 | 5.56 | 4.94 | 6.84 |
| Debt / FCF Ratio | 7.96 | 92.59 | 6.77 | |||
| Net Debt / Equity Ratio | 3.47 | 2.23 | 0.88 | 0.97 | 0.86 | 0.81 |
| Net Debt / EBITDA Ratio | 5.29 | 5.21 | 3.05 | 5.30 | 4.26 | 4.95 |
| Net Debt / FCF Ratio | -19.63 | -7.97 | 6.65 | 83.78 | -10.34 | 4.68 |
| Asset Turnover | 0.87 | 0.75 | 0.76 | 0.72 | 0.72 | 0.57 |
| Inventory Turnover | 6.43 | 6.04 | 7.05 | 6.58 | 6.43 | 6.64 |
| Quick Ratio | 0.64 | 0.75 | 0.85 | 0.78 | 1.03 | 1.40 |
| Current Ratio | 1.37 | 1.58 | 1.50 | 1.53 | 1.95 | 2.19 |
| Return on Equity (ROE) | -49.68% | -80.43% | -5.70% | -12.96% | -3.33% | -6.59% |
| Return on Assets (ROA) | 0.18% | 0.39% | 2.22% | -0.00% | 0.98% | -0.15% |
| Return on Invested Capital (ROIC) | 0.52% | 1.01% | 5.42% | -0.01% | 2.50% | -0.37% |
| Return on Capital Employed (ROCE) | 0.40% | 0.90% | 4.40% | 0.00% | 1.90% | -0.30% |
| Earnings Yield | -31.71% | -106.59% | -7.12% | -38.48% | -2.43% | 18.25% |
| FCF Yield | -8.10% | -23.23% | 17.59% | 3.25% | -11.30% | 38.47% |
| Buyback Yield / Dilution | -1.41% | -1.57% | -0.98% | -1.88% | -0.42% | -0.64% |
| Total Shareholder Return | -1.41% | -1.57% | -0.98% | -1.88% | -0.42% | -0.64% |