Rayonier Advanced Materials (RYAM) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Rayonier Advanced Materials

NYSE•Basic Materials•Chemicals

$8.44+0.18(0.02%)Market open

Market Cap

$567.42M

P/S

0.4x

P/B

2.9x

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.

How this company scores

WeakMetricSide Score: 27/100

Grade capped at D — Interest coverage below 1× (-0.5x) — earnings cannot cover interest. Strongest: Profitability (11/25); weakest: Balance Sheet & Red Flags (1/25).

Profitability11/25

Growth9/25

Balance Sheet & Red Flags1/25

Cash & Earnings Quality6/25

Strengths

Profit converts from growthImproving margins

Grade capped at D

Interest coverage below 1× (-0.5x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 15.5x5y range 4.7x – 35.0x

Currently above its 5-quarter median.

P/S · 0.4x5y range 0.1x – 0.5x

Currently above its 20-quarter median.

P/B · 2.9x5y range 0.2x – 3.1x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

FCF consistently trails net income (avg -0.5x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $567.42M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.47B
Q. Revenue: $376.14M
TTM EBITDA: $85.84M
TTM Op. Income: $-51.13M
Q. Op. Income: $-6.34M
TTM Net Income: $-139.93M
Q. Net Income: $-32.85M
EPS: $-0.49
Shares Out.: $67.51M

$1.47B in TTM revenue declined 3.6% YoY, reaching $376.14M last quarter. TTM EBITDA of $85.84M and TTM operating income of $-51.13M show growth is flowing through to the bottom line. However, net income is negative at $139.93M — growth is not yet reaching the bottom line. Over the past year, TTM revenue is down 4% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 6.1%
EBITDA Margin: 6.8%
Op. Margin: -1.7%
Net Margin: -8.7%

Op. margin of -1.7% is down 1.3% YoY — costs are rising relative to revenue. Net margin at -8.7% and gross margin of 6.1% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 328% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 0.4x
P/B Ratio: 2.9x

P/S of 0.4x and P/B of 2.9x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.62B
Cash: $57.01M
Long-Term Debt: $745.14M
Book Value: $194.75M
D/E Ratio: 3.8
Debt/EBITDA: 29.0

With $1.62B in assets and $745.14M in long-term debt, D/E is 3.8and book value is $194.75M — elevated leverage, meaning significant financial risk in a downturn. Across the last 8 quarters, debt/equity has risen for 6 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $5.00M
TTM Free Cash Flow: $51.41M
FCF Margin: 3.5%
FCF / Net Income: -0.4

TTM FCF of $51.41M on $5.00M in operating cash flow. The FCF / Net Income ratio of -0.4x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is down 55% — an improving trend.