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Rayonier Advanced Materials Inc.

RYAM Basic Materials Chemicals

Rayonier Advanced Materials Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, down 10.1% from fiscal 2024.

Revenue
+10.6%
EPS
+91.0%
Free cash flow
+69.9%
Total debt
+3.90%

Quarter to June 2026, against a year earlier

6.66 0.05 +0.76%
Market cap
$447.1M
P/E
0.0×
Fwd P/E
−4.5×
Dividend yield
—
F-score
3/9
Altman Z
1.08
Beneish M
−3.93
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.02
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — 1 — — —
Insider Ownership 9.57%

Capital & Financial Ratios $m

Size
Market Cap 447.13
Revenue ttm 1,468.97
Net income ttm (139.61)
Free cash flow ttm (36.56)
Net debt Q 717.76
Valuation
P/E 0.00
Forward P/E (4.50) (negative: loss-making)
Price / sales 0.31
Forward P/S Powerpack
Price / FCF 0.00
Price / book 2.31
Financial health
Current ratio Q 1.37
Debt / equity Q 3.98 (above 2: weak)
Interest coverage Q (0.26)
Growth
Revenue growth Q +10.61% (above 0%: growing)
Operating income growth Q −373.71% (below 0%: shrinking)
EPS, this year +81.77% (at or above 15%: strong)
EPS, next year A +177.46% (at or above 15%: strong)
Revenue, next year A −0.23% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.8×, against a ten-year median of 0.8×; over the ten years it ranged from 0.5× in 2023 to 2.2× in 2018.
P/S against its own 10 years 47.03%
10-year low 10-year high
P/B against its own 10 years 77.55%
10-year low 10-year high
EV/Sales against its own 10 years 40.97%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—
Growth, 2016–19
−20.6%/yr
  1. 0.28 ’16
  2. 0.28 ’17 +0%
  3. 0.28 ’18 +0%
  4. 0.14 ’19 −50%
paid Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 76 125 75 57
Receivables 217 217 195 180
Inventory 207 208 238 196
Other — — — 453
575 601 568 510
2023 2024 2025 Q'26
Payables 186 196 190 194
ST’ Debt 25 23 21 30
Other 10 10 10 10
376 400 360 372

Compound Annual Growth %

10y 5y 3y
Sales 4.53% 1.76% (5.13%)
Cash Flow (19.20%) (28.10%) (29.70%)
Earnings 0.00% 0.00% 0.00%
Book Value 0.00% (14.56%) (27.46%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate −0.17 Actual −0.30

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 −0.07 −0.07 Met by 0.00
Q4 FY25 −0.09 −0.28 Miss by 0.19
Q1 FY26 −0.62 −1.22 Miss by 0.60
Q2 FY26 −0.17 −0.30 Miss by 0.13
Q3 FY26 0.02 — Reports 3 November 2026

EPS $

Mar Jun Sep Dec Year
’26 (1.22) (0.49) — — —
’25 (0.49) (5.44) (0.07) (0.32) (6.33)
’24 (0.02) 0.17 (0.49) (0.25) (0.59)
’23 0.02 (0.26) (0.39) (0.94) (1.57)
’22 (0.39) (0.36) 0.45 0.05 (0.23)
’21 (0.43) 1.89 (0.07) (0.38) 1.05
’20 (0.38) (0.20) 0.45 0.14 0.01
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 319 376 — — —
’25 353 340 353 421 1,466
’24 388 419 401 423 1,630
’23 467 385 369 422 1,643
’22 352 399 466 500 1,717
’21 319 341 374 374 1,408
’20 410 324 323 286 1,344
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 32 5 — — —
’25 40 (30) (18) 32 24
’24 11 88 50 55 204
’23 51 32 (2) 54 136
’22 (24) (13) 44 61 69
’21 38 148 20 26 233
’20 (13) 24 52 61 124
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 10 (20) — — —
’25 2 (68) (41) 15 (92)
’24 (21) 62 28 27 96
’23 30 (1) (43) 22 9
’22 (69) (54) 16 37 (69)
’21 22 117 6 (6) 140
’20 (25) 17 36 35 63
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 869 940 1,957 1,431 1,344 1,408 1,717 1,643 1,630 1,466 1,469 +6.0% 1,463 1,503 1,769 +6.5%
Gross margin, % 21.43 14.97 14.88 3.74 4.72 5.31 7.17 5.36 10.16 8.10 5.88 (13.3) pt
EBT 113 343 126 (104) (98) (83) (24) (132) (49) (95) (150) n/m
EBT margin, % 12.96 36.44 6.46 (7.29) (7.31) (5.89) (1.39) (8.06) (3.02) (6.48) (10.22) (19.4) pt
Net income 73 325 128 (22) 1 66 (15) (102) (39) (421) (140) n/m
Per share, $
Per share, $ Revenue 20.55 21.66 38.67 26.25 21.25 22.12 26.87 25.24 24.80 21.96 21.76 +0.7%
Earnings 1.61 7.17 2.27 (0.57) 0.01 1.05 (0.23) (1.57) (0.59) (6.33) (2.10) n/m
Cash flow 5.49 2.99 4.88 0.77 1.97 3.66 1.08 2.09 3.10 0.36 0.76 (26.2%)
Capex (2.10) (1.73) (2.55) (1.61) (0.98) (1.46) (2.16) (1.96) (1.64) (1.73) (1.30) (2.1%)
Free cash flow 3.39 1.26 2.34 (0.84) 0.99 2.20 (1.09) 0.13 1.46 (1.37) (0.54) n/m
Book value 5.01 15.98 13.97 12.53 10.99 12.80 12.98 11.46 10.86 4.74 2.88 (0.6%)
Shares, m 42 43 51 55 63 64 64 65 66 67 67 +5.2%
Valuation, ×
Valuation, × P/E 9.79 3.00 4.75 0.00 326.00 5.49 0.00 0.00 0.00 0.00 0.00 34.9
P/S 0.77 0.94 0.28 0.15 0.31 0.26 0.35 0.17 0.33 0.27 0.31 0.4
P/B 3.15 1.27 0.76 0.31 0.59 0.45 0.72 0.37 0.76 1.24 2.31 1.0
EV/Sales 1.29 2.16 0.83 0.86 1.04 0.71 0.76 0.59 0.70 0.75 0.79 1.0
EV/FCF 7.82 37.00 13.69 (26.70) 22.41 7.14 (18.69) 113.34 11.99 (11.96) (31.93) 15.6
Cash, $m
Cash, $m Operating cash flow 232 130 247 42 124 233 69 136 204 24 51 (22.3%)
Capex (89) (75) (129) (88) (62) (93) (138) (128) (108) (116) (88) +3.0%
Free cash flow 144 55 118 (46) 63 140 (69) 9 96 (92) (37) n/m
Balance, $m
Balance, $m Working capital 393 339 346 288 341 422 336 199 201 208 139 (6.8%)
Net debt 457 1,145 1,079 1,018 990 637 701 702 605 704 718 +4.9%
Shareholders’ equity 212 694 707 683 695 814 829 746 714 317 195 +4.6%
Returns, %
Returns, % ROA 5.03 15.31 4.31 (1.20) 0.02 2.67 (0.62) (4.50) (1.81) (21.73) (8.40) (26.8) pt
ROIC 13.40 2.00 5.17 (1.93) (1.13) (0.45) 1.07 (2.82) 1.87 0.25 (3.50) (13.1) pt
ROE 69.77 68.73 16.37 (4.47) 0.08 8.80 (1.82) (12.93) (5.34) (82.00) (52.81) (151.8) pt
People
People Employees 1,200 4,200 4,200 4,000 4,000 2,500 2,500 2,800 2,350 2,325 — +7.6%
Revenue/emp, $m 0.72 0.22 0.47 0.36 0.34 0.56 0.69 0.59 0.69 0.63 — (1.5%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Rayonier Advanced Materials Inc. vs peers in Chemicals (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
REX REX American Resources Corporation $1.3B 10.8× 13.7× +6.26% (above 0%: growing) +393.02% (above 0%: growing) +392.23% (above 0%: growing) 31.63% 22.36% Compare
GPRE Green Plains, Inc. $988.3M 7.9× 6.6× −19.28% (below 0%: shrinking) n/m +57.21% (above 0%: growing) 25.33% 15.21% Compare
LXU Lsb Industries Inc. $829.5M 23.0× 16.9× +11.10% (above 0%: growing) −325.00% (below 0%: shrinking) +9,653.02% (above 0%: growing) 6.82% (1.63%) Compare
WLKP Westlake Chemical Partners LP $749.3M 13.0× 14.2× −0.01% (below 0%: shrinking) −2.44% (below 0%: shrinking) +866.65% (above 0%: growing) 31.91% 29.39% Compare
TROX Tronox Holdings PLC $574.9M — (loss-making) — (loss-making) +18.74% (above 0%: growing) n/m +241.51% (above 0%: growing) 6.34% (2.42%) Compare
RYAM Rayonier Advanced Materials Inc. $447.1M — (loss-making) — (loss-making) +10.61% (above 0%: growing) n/m +69.92% (above 0%: growing) 6.10% (1.69%)
ASIX AdvanSix $414.7M — (loss-making) — (loss-making) +2.75% (above 0%: growing) −89.74% (below 0%: shrinking) −49.21% (below 0%: shrinking) 7.38% 2.15% Compare
VHI Valhi, Inc. $399.6M — (loss-making) 7.0× +16.14% (above 0%: growing) +2,500.00% (above 0%: growing) +435.16% (above 0%: growing) 22.56% 9.88% Compare
BAK Braskem S.A. $200.1M — (loss-making) — +36.50% (above 0%: growing) n/m +611.13% (above 0%: growing) 0.00% 0.00% Compare
Median of peers $662.1M 11.9× 13.7× +8.68% −2.44% +413.70% 14.97% 6.01%

All 15 Chemicals stocks →

Pay and ownership Proxy statement filed 30 March 2026

Ownership

Directors and executive officers, together 3.17%
Condire Management, LP, 9.73%
BlackRock, Inc. 7.10%
Dimensional Fund Advisors LP 6.00%
The Vanguard Group 5.18%
Lightship Capital III L.P. 5.07%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Rayonier Advanced Materials Inc. (RYAM) Latest News

21 Oct

Impact 3 · · Business Wire

9 Oct

Impact 4 · · packagingdive.com

1 Oct

Impact 4 · · Zacks

30 Sep

Impact 4 · · Business Wire
Impact 3 · · MT Newswires

10 Sep

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9 Aug

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5 Aug

Impact 3 · transcript
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4 Aug

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30 Jul

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24 Jun

Impact 3 · · packaging-gateway.com

22 Jun

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17 Jun

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6 May

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5 May

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30 Apr

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20 Apr

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5 Apr

Impact 4 · · Simply Wall St.

21 Mar

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6 Mar

Impact 3 · · Simply Wall St.

4 Mar

Impact 4 · · Moby
Impact 3 · · GuruFocus.com
Impact 3 · · MarketBeat
Impact 3 · · The Motley Fool transcript

3 Mar

Impact 4 · · Associated Press FinanceAssociated Press FinanceSimply Wall St.MT NewswiresAssociated Press FinanceAssociated Press FinanceAssociated Press FinanceZacks
Impact 3 · · Zacks
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stockrow.com/RYAM · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com