Rayonier Advanced Materials Inc. income statement

In fiscal 2025, Rayonier Advanced Materials Inc. reported revenue of $1.47bn, down 10.1% on the year before, operating income of $4.1m (a 0.3% margin) and net income of −$421m, or −$6.33 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Rayonier Advanced Materials Inc.: income statement, annual
Fiscal year	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	1,095	1,047	958	941	869	940	1,957	1,431	1,344	1,408	1,717	1,643	1,630	1,466	1,466
Cost of revenue	—	—	—	—	683	800	1,666	1,377	1,280	1,333	1,594	1,555	1,465	1,348	1,379
Gross profit	380	333	224	202	186	141	291	53	63	75	123	88	166	119	86
Research and development	—	—	—	—	—	—	—	6	7	7	7	6	5	7	—
Selling, general and administrative	36	36	40	48	37	80	105	81	78	76	91	76	92	84	79
Operating income	342	289	63	120	143	59	148	−52	−30	−10	26	−65	39	4	−51
Interest expense	0	0	22	37	35	40	56	52	56	66	66	74	86	98	98
Income before tax	342	289	40	83	113	343	126	−148	−98	−83	−24	−132	−49	−95	−150
Income tax	100	69	9	28	39	19	27	−20	−61	−35	1	−32	−9	323	−15
Net income	242	220	32	55	73	325	128	−22	1	66	−15	−102	−39	−421	−140
Diluted EPS	$5.74	$5.21	$0.75	$1.30	$1.55	$5.81	$1.96	−$0.57	$0.01	$1.05	−$0.23	−$1.57	−$0.59	−$6.33	−$2.08
Diluted shares (average)	42m	42m	42m	42m	47m	56m	65m	55m	63m	64m	64m	65m	66m	67m	67m
EBITDA	403	363	149	209	232	156	294	90	108	128	161	75	177	138	86

US$ millions unless shown otherwise. Fiscal quarters.

Rayonier Advanced Materials Inc.: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	401	423	353	340	353	418	319	376
Cost of revenue	358	386	329	316	319	381	327	353
Gross profit	44	37	24	24	34	37	−8	23
Selling, general and administrative	23	27	23	18	24	19	19	17
Operating income	−17	11	−15	−1	10	11	−65	−6
Interest expense	20	23	24	24	25	26	23	25
Income before tax	−37	−19	−37	−26	−14	−17	−88	−30
Income tax	−5	−3	−6	339	−10	0	−7	2
Net income	−33	−16	−32	−363	−4	−21	−82	−33
Diluted EPS	−$0.49	−$0.24	−$0.49	−$5.44	−$0.07	−$0.32	−$1.22	−$0.49
EBITDA	18	46	16	30	43	49	−32	26

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Rayonier Advanced Materials Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Rayonier Advanced Materials Inc.