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Rayonier Advanced Materials (RYAM) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Rayonier Advanced Materials (RYAM) Q3 2026 earnings results →
Q3 2026 Revenue up 8% year over year to $383M · 60¢ of every $1 of revenue lost · operating margin -51.3%
Rayonier Advanced Materials made $383M in Q3 2026 (+8% Y/Y). Operating margin -51.3%, net loss $229M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $382.5M in Q3 2026, up 8% year over year and up 2% from the previous quarter.
Gross margin was 3.9%, down 5.8 points from Q3 2025. Operating costs exceeded revenue by $196.3M, an operating margin of -51.3%. Operating expenses grew 768% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+28070%). The quarter ended with a net loss of $228.7M, wider than the previous quarter's $32.7M loss.
Operating cash flow was $28.7M. Non-cash charges added back $33.2M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $223.2M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $383M | +8% | -51.3% | −$229M | $28.7M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $376M | +11% | -1.7% | −$32.7M | $5.0M |
| Q1 2026 | 10-Q | May 6, 2026 | $319M | -10% | -20.5% | −$81.5M | $31.9M |
| Q4 2025 | 10-K | Mar 5, 2026 | $418M | -1% | 2.6% | −$21.0M | $32.3M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $353M | -12% | 2.8% | −$4.4M | −$17.8M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $340M | -19% | -0.4% | −$363M | −$30.2M |
| Q1 2025 | 10-Q | May 7, 2025 | $353M | -9% | -4.3% | −$32.0M | $39.6M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Rayonier Advanced Materials
RYAM is a global leader of cellulose and derivatives commonly used in the production of filters, food, pharmaceuticals, high performance plastics, propellants and various industrial applications. RYAM’s specialized assets, capable of creating the world’s leading cellulose specialties products, are also used to produce cellulose viscose pulp, cellulose fluff pulp, high-yield pulp and various value-added derivatives, including paperboard, biofuels, bioelectricity and lignin. Before June 27, 2014, we consisted of Rayonier Inc.’s wholly-owned performance fibers business, which was primarily engaged in producing cellulose specialties. On that date, we separated from Rayonier Inc. and started our business as an independent, publicly traded company. In November 2017, we acquired Tembec Inc., a manufacturer of cellulose specialties, lumber, paperboard, newsprint and high-yield pulp.
In its own words, from its 10-K, filed Mar 5, 2026.
Rayonier Advanced Materials against its Pulp Mills peers
The largest companies of the same SEC industry, each at its latest quarter.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| RYAM Rayonier Advanced Materials | Q3 2026 | $383M | +8% | -51.3% |
| MERC Mercer International | Q3 2026 | $441M | -4% | -8.8% |
Source: Rayonier Advanced Materials 10-Q on SEC EDGAR · CIK 1597672 · Pulp Mills
Guidance and outlook
13F: who owns RYAM and who is buying
More on RYAM
- How Rayonier Advanced Materials makes money: revenue by segment
- Rayonier Advanced Materials next earnings date and what analysts expect
- Rayonier Advanced Materials stock forecast, price target and fair value
- Who owns Rayonier Advanced Materials stock: holders, funds and Congress trades
- Rayonier Advanced Materials guidance and outlook
- Is Rayonier Advanced Materials a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results