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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. In the quarter to June 2026, revenue grew 10.6%, EPS grew 91.0%, free cash flow grew 69.9% and total debt rose 3.90%, each against the same quarter a year earlier. Dividend growth for five consecutive years.

7.02 0.09 +1.30%
Market cap
$468.8M
P/E
0.0×
Fwd P/E
−7.0×
Dividend yield
—
F-score
3/9
Altman Z
1.08
Beneish M
−3.93
Dividend safety
n/a

Insider Decisions trades per month

Total sells 0.02
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — 1 — —
Insider Ownership 9.57%

Capital & Financial Ratios $m

Market Cap 468.77
Revenue 1,468.97
Net Income (139.61)
Free Cash Flow (36.56)
Net Debt 717.76
Current Ratio 1.37
Debt/Equity 3.98 (above 2: weak)
P/E ratio 0.00
Fwd P/E (6.98) (negative: loss-making)
P/S ratio 0.32
P/B ratio 2.43
Past 5Y EPS Growth —
This Y EPS Growth 81.66% (at or above 15%: strong)
Next Y EPS Growth 175.00% (at or above 15%: strong)
Next Y revenue growth 0.86%
Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 51.40%
10-year low 10-year high
P/B against its own 10 years 78.93%
10-year low 10-year high
EV/Sales against its own 10 years 42.73%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 0.14
0.07
0.07
2018 0.28
0.07
0.07
0.07
0.07
2017 0.28
0.07
0.07
0.07
0.07
2016 0.28
0.07
0.07
0.07
0.07
special payouts not included in total or ratios

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%)

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.

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.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 5.88 11.88 9.45 2.50 0.90 4.98 2.44 2.66 3.15 3.35

Analyst estimates 2026–2028

Powerpack
High 16.37 20.99 22.96 15.66 8.63 11.30 9.65 9.84 10.28 8.56
People
People Employees 1,200 4,200 4,200 4,000 4,000 2,500 2,500 2,800 2,350 2,325
Revenue/emp, $m 0.72 0.22 0.47 0.36 0.34 0.56 0.69 0.59 0.69 0.63
Income, $m
Income, $m Revenue 869 940 1,957 1,431 1,344 1,408 1,717 1,643 1,630 1,466
Gross margin, % 21.43 14.97 14.88 3.74 4.72 5.31 7.17 5.36 10.16 8.10
EBT 113 343 126 (104) (98) (83) (24) (132) (49) (95)
EBT margin, % 12.96 36.44 6.46 (7.29) (7.31) (5.89) (1.39) (8.06) (3.02) (6.48)
Net income 73 325 128 (22) 1 66 (15) (102) (39) (421)
Depreciation 90 100 147 144 141 142 139 146 146 143
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
Earnings 1.61 7.17 2.27 (0.57) 0.01 1.05 (0.23) (1.57) (0.59) (6.33)
Cash flow 5.49 2.99 4.88 0.77 1.97 3.66 1.08 2.09 3.10 0.36
Capex (2.10) (1.73) (2.55) (1.61) (0.98) (1.46) (2.16) (1.96) (1.64) (1.73)
Free cash flow 3.39 1.26 2.34 (0.84) 0.99 2.20 (1.09) 0.13 1.46 (1.37)
Book value 5.01 15.98 13.97 12.53 10.99 12.80 12.98 11.46 10.86 4.74
Shares, m 42 43 51 55 63 64 64 65 66 67
Valuation, ×
Valuation, × P/E 9.79 3.00 4.75 0.00 326.00 5.49 0.00 0.00 0.00 0.00
P/S 0.77 0.94 0.28 0.15 0.31 0.26 0.35 0.17 0.33 0.27
P/B 3.15 1.27 0.76 0.31 0.59 0.45 0.72 0.37 0.76 1.24
EV/Sales 1.29 2.16 0.83 0.86 1.04 0.71 0.76 0.59 0.70 0.75
EV/FCF 7.82 37.00 13.69 (26.70) 22.41 7.14 (18.69) 113.34 11.99 (11.96)
Cash, $m
Cash, $m Operating cash flow 232 130 247 42 124 233 69 136 204 24
Capex (89) (75) (129) (88) (62) (93) (138) (128) (108) (116)
Free cash flow 144 55 118 (46) 63 140 (69) 9 96 (92)
Balance, $m
Balance, $m Working capital 393 339 346 288 341 422 336 199 201 208
Total debt 783 1,242 1,188 1,082 1,084 929 853 777 730 779
Net debt 457 1,145 1,079 1,018 990 637 701 702 605 704
Shareholders’ equity 212 694 707 683 695 814 829 746 714 317
Returns, %
Returns, % ROA 5.03 15.31 4.31 (1.20) 0.02 2.67 (0.62) (4.50) (1.81) (21.73)
ROIC 13.40 2.00 5.17 (1.93) (1.13) (0.45) 1.07 (2.82) 1.87 0.25
ROE 69.77 68.73 16.37 (4.47) 0.08 8.80 (1.82) (12.93) (5.34) (82.00)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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
GPRE Green Plains, Inc. $1.1B 8.0× 8.2× −19.28% (below 0%: shrinking) n/m +57.21% (above 0%: growing) 25.33% 15.21% Compare
WLKP Westlake Chemical Partners LP $754.6M 13.0× 12.3× −0.01% (below 0%: shrinking) −2.44% (below 0%: shrinking) +866.65% (above 0%: growing) 31.91% 29.39% Compare
LXU Lsb Industries Inc. $729.3M 19.6× 12.8× +11.10% (above 0%: growing) n/m +9,653.02% (above 0%: growing) 6.82% (1.63%) Compare
TROX Tronox Holdings PLC $603.7M — (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. $468.8M — (loss-making) — (loss-making) +10.61% (above 0%: growing) n/m +69.92% (above 0%: growing) 6.10% (1.69%)
ASIX AdvanSix $450.9M — (loss-making) 24.1× +2.75% (above 0%: growing) −89.74% (below 0%: shrinking) −49.21% (below 0%: shrinking) 7.38% 2.15% Compare
ASPI ASP Isotopes Inc. $433.9M — (loss-making) — (loss-making) +327.63% (above 0%: growing) n/m −182.92% (below 0%: shrinking) 28.89% (667.48%) Compare
VHI Valhi, Inc. $422.3M — (loss-making) 7.0× +9.82% (above 0%: growing) +2,500.00% (above 0%: growing) +435.16% (above 0%: growing) 22.56% 9.88% Compare
BAK Braskem S.A. $314.0M — (loss-making) — −99.99% (below 0%: shrinking) n/m +611.13% (above 0%: growing) 80.35% 48.61% Compare
Median of peers $527.3M 13.0× 12.3× +6.29% −2.44% +338.34% 23.95% 6.01%

All 17 Chemicals stocks →

Rayonier Advanced Materials Inc. (RYAM) key facts

  • Concern: Rayonier Advanced Materials Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, down 10.1% from fiscal 2024.
  • Rayonier Advanced Materials Inc. (RYAM) is a Chemicals company in the Basic Materials sector, listed on the New York Stock Exchange.
  • As of October 9, 2026, RYAM traded at $7.02, a market capitalization of $468.8 million.
  • Return on equity was −82.0% and debt-to-equity 3.98.
  • Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 1.08 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Rayonier Advanced Materials Inc. (RYAM) Latest News

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stockrow.com/RYAM · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com