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NYSE · Materials

RAYONIER ADVANCED MATERIALS INC. (RYAM)

As-reported financials and SEC filings for RAYONIER ADVANCED MATERIALS INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About RAYONIER ADVANCED MATERIALS INC.

Rayonier Advanced Materials Inc. produces cellulose and its derivatives used in filters, food, pharmaceuticals, plastics, propellants, and industrial applications. The company operates through segments including Cellulose Specialties, Biomaterials, Cellulose Commodities, Paperboard, and High-Yield Pulp, serving customers who require high-purity, customized cellulose products. It also produces biofuels and other biomaterials from wood-based feedstocks.

Snapshot

Revenue
$1.47B
Revenue growth (YoY)
-10.1%
Net income
$-420.7M
Diluted EPS
$-6.33
Gross margin
8.1%
Operating margin
0.3%
Net margin
-28.7%
FCF margin
ROE
-132.9%
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$581.7M
Long-term debt / equity
2.39×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Rayonier Advanced Materials

  • Revenue fell 10.1% to $1.5B in FY2025, after a 0.8% decline the year before.
  • Operating margin turned positive at 0.3% in FY2025, from a 0.7% operating loss in FY2021.
  • Most recent quarter Q2 FY2026: revenue $376M, up 10.6% from Q2 FY2025.
  • Net loss widened to $421M in FY2025, from $39M in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Rayonier Advanced Materials’s fundamentals sit among the 241 Materials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin8.1%
8th percentile of 191
Operating margin0.3%
35th percentile of 189
Net margin-28.7%
9th percentile of 221
Revenue growth (YoY)-10.1%
15th percentile of 236
ROE-132.9%
6th percentile of 216
Long-term debt / equity2.39×
93rd percentile of 165
Short interest3.72d
48th percentile of 238

Rayonier Advanced Materials’s return on equity of -132.9% ranks in the 6th percentile of the 216 Materials companies reporting it. Rayonier Advanced Materials’s long-term debt to equity of 2.39 ranks in the 93rd percentile of the 165 Materials companies reporting it. Rayonier Advanced Materials’s gross margin of 8.1% ranks in the 8th percentile of the 191 Materials companies reporting it.

No reported insider purchases (code P) in the last 90 days; 1 insider sale totaling $17,634. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 7 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+7 quant / multi-strat
Initiated / added
4
0 new, 4 added
Reduced / exited
3
3 trimmed, 0 exited
Combined position
$32.9M
reported long value
InvestorAs ofPosition valueSharesChange
D. E. ShawquantQ2 2026$12.9M1.6MAdded
Renaissance TechnologiesquantQ2 2026$12.3M1.6MReduced
Citadel AdvisorsquantQ2 2026$2.8M358.3KAdded
Point72 Asset ManagementquantQ2 2026$2.3M296.9KAdded
Two Sigma InvestmentsquantQ2 2026$1.6M205.0KAdded
AQR Capital ManagementquantQ2 2026$786,126100.0KReduced
Millennium ManagementquantQ2 2026$162,15220.6KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
1
$18K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-07
filed 2026-08-11
PALUMBO LISA MDirectorSell1.9K$9.13$18K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
4.3M
settled 2026-08-14
Change vs prior
-0.7%
vs previous settlement
Days to cover
3.72
at avg daily volume
Avg daily volume
1.2M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-144.3M-0.7%3.72
2026-07-314.4M+3.8%4.83
2026-07-154.2M+1.3%4.70
2026-06-304.2M-8.8%3.23
2026-06-154.6M+9.4%5.98
2026-05-294.2M+22.1%4.82
2026-05-153.4M+6.8%2.96
2026-04-303.2M+4.0%2.23

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$1.47B$1.63B$1.64B$1.72B$1.41B
Gross profit$118.8M$165.6M$88.2M$123.1M$74.7M
Operating income$4.1M$39.5M$-65.3M$26.1M$-10.4M
Net income$-420.7M$-38.7M$-101.8M$-14.9M$66.4M
Diluted EPS$-6.33$-0.59$-1.57$-0.23$1.05

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$75.4M$125.2M$75.8M$151.8M$253.3M
Current assets$568.4M$601.0M$575.1M$689.5M$776.1M
Total assets$1.76B$2.13B$2.18B$2.35B$2.45B
Current liabilities$360.4M$400.2M$375.8M$353.7M$354.6M
Long-term debt$758.1M$706.4M$752.2M$838.5M$891.0M
Total liabilities$1.44B$1.42B$1.44B$1.52B$1.63B
Total equity$316.6M$713.9M$746.4M$829.3M$814.3M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$23.9M$203.6M$136.3M$68.8M$233.2M
Capital expenditure$95.2M
Free cash flow$138.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$376.1M10.6%$-32.8M$-0.49
Q1 FY2026$319.1M-9.5%$-81.6M$-1.22
Q4 FY2025$417.5M-1.2%$-21.1M$-0.31
Q3 FY2025$352.8M-12.0%$-4.5M$-0.07
Q2 FY2025$340.0M-18.9%$-363.2M$-5.44
Q1 FY2025$352.6M-9.0%$-32.0M$-0.49
Q4 FY2024$422.5M0.0%$-16.0M$-0.24
Q3 FY2024$401.1M8.8%$-32.6M$-0.49

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorMaterials
SIC industryPulp Mills
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 27, 2026)
Oldest indexed filing2014
SEC CIK1597672

Selected SEC filings

10-K2026-03-05
View on EDGAR →
10-Q2026-08-05
View on EDGAR →
10-Q2026-05-06
View on EDGAR →
8-K2026-08-04
View on EDGAR →
8-K2026-07-22
View on EDGAR →
8-K2026-06-22
View on EDGAR →
8-K2026-05-18
View on EDGAR →

Largest Materials peers

All Materials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.