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Rayonier Advanced Materials Inc. manufactures and sells cellulose specialty products in the United States, China, Europe, Japan, rest of Asia, Canada, Latin America, and internationally. It operates through Cellulose Specialties, Biomaterials, Cellulose Commodities, Paperboard, and High-Yield Pulp. The company's products include cellulose specialties, which are natural polymers that are used as raw materials to manufacture a range of consumer-oriented products, such as liquid crystal displays, impact-resistant plastics, thickeners for food products, pharmaceuticals, cosmetics, cigarette filters, high-tenacity rayon tire cords and industrial hoses, food casings, paints, lacquers, munitions, and explosives; and biomaterials, including biofuels, lignosulfonates, prebiotics, tall oil soap, and HCE and turpentine. It also offers commodity products, such as commodity viscose used in woven applications, including rayon textiles for clothing and other fabrics, as well as in non-woven applications comprising baby wipes, cosmetic and personal wipes, industrial wipes, and mattress ticking; and absorbent materials consisting of fluff that are used as an absorbent medium in disposable baby diapers, feminine hygiene products, incontinence pads, convalescent bed pads, industrial towels and wipes, and non-woven fabrics. In addition, the company provides paperboards for packaging, printing documents, brochures, promotional materials, paperback books and catalog covers, file folders, freezer, tags, and lottery tickets; and high-yield pulps to produce hardwood aspen, maple, and birch species for paperboard, packaging, printing and writing papers, and various other paper products. Rayonier Advanced Materials Inc. was founded in 1926 and is headquartered in Jacksonville, Florida.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.5B | $137M | $-422M | $-92M | -133.5% | -10.1% | 983.4% |
| 2024 | $1.6B | $174M | $-39M | $96M | -5.5% | -0.8% | -61.7% |
| 2023 | $1.6B | $81M | $-102M | $9M | -13.6% | -4.3% | 582.6% |
| 2022 | $1.7B | $177M | $-15M | $-69M | -1.8% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,717.27 | 1,643.33 | 1,630.31 | 1,466.40 |
| Operating Revenue | - | 1,717.27 | 1,643.33 | 1,630.31 | 1,466.40 |
| Cost Of Revenue | - | 1,594.18 | 1,555.18 | 1,464.73 | 1,347.61 |
| Gross Profit | - | 123.08 | 88.15 | 165.58 | 118.78 |
| Operating Expense | - | 95.20 | 85.45 | 91.82 | 107.54 |
| Selling General And Administration | - | 91.48 | 75.71 | 92.26 | 83.94 |
| Total Expenses | - | 1,689.38 | 1,640.63 | 1,556.55 | 1,455.15 |
| Operating Income | - | 27.89 | 2.70 | 73.76 | 11.25 |
| Total Operating Income As Reported | - | 26.14 | -65.26 | 39.48 | 4.10 |
| EBITDA | - | 176.94 | 81.32 | 173.69 | 136.87 |
| Normalized EBITDA | - | 170.10 | 149.13 | 220.04 | 143.77 |
| EBIT | - | 42.36 | -58.66 | 36.52 | 2.91 |
| Interest Income | 0.78 | 5.42 | - | - | - |
| Interest Expense | - | 66.18 | 73.81 | 85.72 | 97.95 |
| Net Interest Income | - | -66.18 | -73.81 | -85.72 | -97.95 |
| Other Non Operating Income Expenses | - | 10.38 | 6.24 | 7.23 | -1.08 |
| Other Income Expense | - | 14.47 | -61.37 | -37.24 | -8.34 |
| Interest Income Non Operating | 0.78 | 5.42 | - | - | - |
| Interest Expense Non Operating | - | 66.18 | 73.81 | 85.72 | 97.95 |
| Net Non Operating Interest Income Expense | - | -66.18 | -73.81 | -85.72 | -97.95 |
| Pretax Income | - | -23.82 | -132.47 | -49.20 | -95.04 |
| Tax Provision | - | 0.90 | -32.31 | -8.93 | 323.26 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 1.43 | -16.55 | -8.39 | -1.45 |
| Net Income Continuous Operations | - | -27.38 | -102.15 | -41.92 | -423.18 |
| Net Income From Continuing And Discontinued Operation | - | -14.92 | -101.84 | -39 | -422.50 |
| Net Income From Continuing Operation Net Minority Interest | - | -27.38 | -102.15 | -42.21 | -425.17 |
| Net Income | - | -14.92 | -101.84 | -39 | -422.50 |
| Net Income Common Stockholders | - | -14.92 | -101.84 | -39 | -422.50 |
| Net Income Including Noncontrolling Interests | - | -14.92 | -101.84 | -38.71 | -420.51 |
| Normalized Income | - | -32.77 | -50.88 | -4.25 | -419.71 |
| Diluted NI Availto Com Stockholders | - | -14.92 | -101.84 | -39 | -422.50 |
| Basic Average Shares | - | 63.91 | 65.11 | 65.75 | 66.78 |
| Diluted Average Shares | - | 63.91 | 65.11 | 65.75 | 66.78 |
| Reconciled Depreciation | - | 134.58 | 139.98 | 137.17 | 133.96 |
| Reconciled Cost Of Revenue | - | 1,594.18 | 1,555.18 | 1,464.73 | 1,347.61 |
| Total Unusual Items | - | 6.83 | -67.81 | -46.36 | -6.90 |
| Total Unusual Items Excluding Goodwill | - | 6.83 | -67.81 | -46.36 | -6.90 |
| Minority Interests | - | 0 | 0 | -0.29 | -1.98 |
| Net Income Discontinuous Operations | - | 12.46 | 0.31 | 3.22 | 2.67 |
| Earnings From Equity Interest Net Of Tax | - | -2.65 | -1.98 | -1.65 | -4.87 |
| Special Income Charges | - | -3.09 | -64.81 | -53.78 | -2.27 |
| Other Special Charges | - | -0.65 | -0.36 | 10.20 | 0.11 |
| Write Off | - | 0 | 62.30 | 25.17 | 0 |
| Impairment Of Capital Assets | 0 | 0 | 62.30 | 25.17 | - |
| Restructuring And Mergern Acquisition | - | 0 | 0 | 15.66 | 1.27 |
| Gain On Sale Of Security | - | 9.92 | -3 | 7.43 | -4.63 |
| General And Administrative Expense | 75.79 | 86.52 | 75.71 | - | - |
| Other Gand A | 75.79 | 91.48 | 75.71 | - | - |
| Salaries And Wages | 4.34 | -4.96 | -0.10 | - | - |
| Gain On Sale Of Ppe | - | -3.74 | -2.87 | -2.76 | -0.89 |
| Other Operating Expenses | - | 3.72 | 9.74 | -0.44 | 23.60 |
| Otherunder Preferred Stock Dividend | 0 | - | - | - | - |
| Earnings From Equity Interest | - | -2.74 | 0.20 | 1.88 | -0.35 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Rayonier Advanced Materials Inc.this co. | RYAM | $577M | -1.36 | 1.82 | -133.5% | 9.35 |
| AdvanSix Inc. | ASIX | $595M | 12.07 | 0.73 | 6.0% | 6.70 |
| Idaho Strategic Resources, Inc. | IDR | $583M | 34.90 | 5.39 | 15.5% | 29.69 |
| Contango Silver & Gold Inc. | CTGO | $576M | -15.95 | 22.94 | -143.8% | -19.42 |
| Intrepid Potash, Inc. | IPI |
| 2021 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $499M |
| 44.65 |
| 1.02 |
| 2.3% |
| 8.06 |
| Lifezone Metals Limited | LZM | $464M | -34.07 | 6.29 | -18.5% | -200.38 |
| Gevo, Inc. | GEVO | $431M | -12.73 | 0.92 | -7.3% | 42.14 |
| Mativ Holdings, Inc. | MATV | $423M | -1.25 | 0.85 | -67.7% | -5.67 |
| Caledonia Mining Corporation Plc | CMCL | $411M | 7.45 | 1.59 | 21.3% | 3.24 |
| Peer Median | - | 3.10 | 1.30 | -2.5% | 4.97 | |