Rayonier Advanced Materials Inc. (RYAM) Income Statement
RYAM 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsRYAM revenue and net income
Where RYAM's revenue goes
2025Each bar shows an amount and its share of revenue. RYAM kept −28.8% of revenue as net income.
RYAM profit margins
RYAM growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −10.1% | −5.1% | +1.8% | +4.5% |
| Gross profit | −28.3% | −1.2% | +13.4% | −5.2% |
| Operating income | −71.5% | −24.5% | — | −21.1% |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
RYAM quarterly EPS vs estimates
Rayonier Advanced Materials beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: November 3, 2026 (estimate $0.02).
RYAM income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.47B | $1.63B | $1.64B | $1.72B | $1.41B | $1.34B | $1.43B | $2.13B | $961.0M | $869.0M |
| Cost of revenue | $1.35B | $1.46B | $1.56B | $1.59B | $1.33B | $1.28B | $1.38B | $1.79B | $822.0M | $687.0M |
| Gross profit | $118.8M | $165.6M | $88.2M | $123.1M | $74.7M | $63.4M | $53.5M | $344.0M | $139.0M | $182.0M |
| Research & development | $7.0M | — | $6.0M | $7.0M | $7.0M | $7.0M | $6.0M | $6.0M | $4.0M | $4.0M |
| Sales, general & admin | $83.9M | $92.3M | $81.5M | $91.5M | $75.8M | $85.2M | $89.6M | $108.0M | $80.0M | $40.0M |
| Total operating expenses | $107.5M | $126.1M | $153.4M | $96.9M | $85.2M | $93.8M | $105.9M | $146.0M | $82.0M | $44.0M |
| Operating income | $11.2M | $39.5M | −$65.3M | $26.1M | −$10.4M | −$30.4M | −$52.5M | $198.0M | $57.0M | $138.0M |
| Interest income | — | — | — | $11.0M | $785,000 | — | $24,000 | $5.0M | $3.8M | $737,000 |
| Interest expense | $98.0M | $85.7M | $73.8M | $66.2M | $66.4M | $62.6M | $52.0M | $55.9M | $40.0M | $34.6M |
| Income before taxes | −$99.9M | −$50.9M | −$132.5M | −$26.5M | −$84.5M | −$99.0M | −$104.3M | $172.0M | $345.0M | $112.0M |
| Income taxes | $323.3M | −$8.9M | −$32.3M | $902,000 | −$34.7M | −$60.9M | −$20.4M | $44.0M | $20.0M | $39.0M |
| Net income | −$422.5M | −$39.0M | −$101.8M | −$14.9M | $66.4M | $555,000 | −$22.4M | $128.0M | $325.0M | $73.0M |
| EBITDA | $136.9M | $173.7M | $81.3M | $176.9M | $121.8M | $102.7M | $89.8M | $328.4M | $481.8M | $232.7M |
| EPS (diluted) | −$6.30 | −$0.05 | −$2.48 | −$0.37 | $0.88 | $0.01 | −$0.71 | $1.71 | $0.94 | $1.44 |
| Gross margin | 8.1% | 10.2% | 5.4% | 7.2% | 5.3% | 4.7% | 3.7% | 16.1% | 14.5% | 20.9% |
| Operating margin | 0.8% | 2.4% | −4.0% | 1.5% | −0.7% | −2.3% | −3.7% | 9.3% | 5.9% | 15.9% |
| Net margin | −28.8% | −2.4% | −6.2% | −0.9% | 4.7% | 0.0% | −1.6% | 6.0% | 33.8% | 8.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $376.0M | $319.1M | $417.5M | $352.8M | $340.0M | $356.0M | $422.5M | $401.1M | $419.0M | $387.7M | $422.5M | $368.7M |
| Cost of revenue | $353.0M | $326.7M | $380.5M | $318.8M | $316.4M | $331.9M | $385.6M | $357.5M | $370.7M | $350.9M | $395.1M | $359.9M |
| Gross profit | $23.0M | −$7.6M | $37.0M | $34.1M | $23.6M | $24.1M | $36.9M | $43.6M | $48.3M | $36.8M | $27.4M | $8.7M |
| Research & development | — | — | — | — | — | — | — | — | — | — | $6.0M | — |
| Sales, general & admin | $17.2M | $19.2M | $19.1M | $23.7M | $18.0M | $23.3M | $41.8M | $22.7M | $21.8M | $21.1M | $17.9M | $22.0M |
| Total operating expenses | $30.0M | $58.8M | $23.1M | $25.8M | $21.0M | $39.1M | $25.9M | $60.4M | $20.1M | $19.7M | $88.3M | $23.2M |
| Operating income | −$7.0M | −$66.4M | $13.9M | $8.3M | $2.6M | −$15.1M | $11.0M | −$16.8M | $28.2M | $17.1M | −$61.0M | −$14.4M |
| Interest expense | $25.0M | $23.1M | $25.9M | $24.8M | $23.7M | $23.6M | $23.1M | $20.5M | $21.3M | $20.9M | $21.9M | $21.0M |
| Income before taxes | −$30.0M | −$88.7M | −$20.9M | −$14.8M | −$26.6M | −$37.5M | −$18.9M | −$37.2M | $7.3M | −$2.0M | −$82.7M | −$31.9M |
| Income taxes | $2.0M | −$7.2M | $28,000 | −$10.4M | $339.2M | −$5.6M | −$3.0M | −$4.6M | −$849,000 | −$472,000 | −$21.1M | −$5.4M |
| Net income | −$33.0M | −$81.6M | −$21.5M | −$4.9M | −$363.2M | −$32.0M | −$16.2M | −$32.6M | $11.4M | −$1.6M | −$61.6M | −$25.1M |
| EBITDA | $95.0M | −$31.8M | $47.0M | $43.5M | $28.7M | $17.7M | $39.6M | $19.0M | $62.6M | $52.5M | −$24.5M | $25.7M |
| EPS (diluted) | −$0.30 | −$1.12 | −$0.27 | −$0.07 | −$5.47 | −$0.49 | −$0.10 | −$0.12 | $0.19 | −$0.02 | −$1.88 | −$0.40 |
| Gross margin | 6.1% | −2.4% | 8.9% | 9.7% | 7.0% | 6.8% | 8.7% | 10.9% | 11.5% | 9.5% | 6.5% | 2.4% |
| Operating margin | −1.9% | −20.8% | 3.3% | 2.4% | 0.8% | −4.2% | 2.6% | −4.2% | 6.7% | 4.4% | −14.4% | −3.9% |
| Net margin | −8.8% | −25.6% | −5.2% | −1.4% | −106.8% | −9.0% | −3.8% | −8.1% | 2.7% | −0.4% | −14.6% | −6.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in RYAM's financial statements (latest annual report filed March 5, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
RYAM financial results
In fiscal year 2025 (ended December 31, 2025), Rayonier Advanced Materials reported revenue of $1.5 billion, down 10.1% from the year before. It had a net loss of $422.5 million, a net profit margin of −28.8%. Diluted earnings per share came to −$6.30. Over five years revenue grew at an average rate of 1.8% a year.
See the RYAM stock overview for the latest quote and news, or the RYAM chart for price history and technical indicators.
RYAM income statement FAQ
What is Rayonier Advanced Materials's annual revenue?
Rayonier Advanced Materials reported total revenue of $1.5 billion for fiscal year 2025, which ended on December 31, 2025. That was down 10.1% from $1.6 billion the previous year.
Is Rayonier Advanced Materials profitable?
No. Rayonier Advanced Materials reported a net loss of $422.5 million in fiscal 2025, a net profit margin of −28.8%; its operating margin was 0.8%.
What is Rayonier Advanced Materials's gross margin?
Rayonier Advanced Materials's gross margin was 8.1% in fiscal 2025: for every $100 of revenue, Rayonier Advanced Materials kept $8 after the direct cost of its products and services.
How much does Rayonier Advanced Materials spend on research and development?
Rayonier Advanced Materials spent $7.0 million on research and development in fiscal 2025, 0.5% of revenue.
How fast is Rayonier Advanced Materials growing?
Revenue grew 1.8% a year on average over the last five fiscal years, from $1.3 billion to $1.5 billion.
What are Rayonier Advanced Materials's earnings per share?
Rayonier Advanced Materials earned $-6.30 per diluted share in fiscal 2025, compared with $-0.05 a year earlier.
When will Rayonier Advanced Materials report its next earnings?
Rayonier Advanced Materials is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 after the market closes.
When does Rayonier Advanced Materials's fiscal year end?
Rayonier Advanced Materials's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 5, 2026.