HIGHBuilt-inGeographic
68%
customers outside the U.S.
“10-K Item 1A: 'Sales to customers outside the U.S. made up 68 percent of our revenue in 2025.'”
RYAM · Concentration risk · 10-K extracted
Rayonier Advanced Materials (RYAM) concentration risks
Updated
The most significant concentration Rayonier Advanced Materials discloses is customers outside the U.S. at 68%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Rayonier Advanced Materials’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH1
MEDIUM2
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyCustomer
38%
ten largest customers
“10-K Item 1A: 'our ten largest customers accounted for a significant portion, approximately 38 percent, of our 2025 revenue.'”
MEDIUMOutside partyGeographic
China
“10-K Item 1A: 'In 2025, we had product sales of $273 million shipped to customers in China and, of this amount, $234 million were products manufactured in the U.S.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-12RYAM's concentration profile is dominated by geography rather than a handful of counterparties. Customers outside the U.S. account for 68% of revenue, a structural exposure tied to the international nature of the business rather than any single buyer. Within that, China stands out specifically: the company shipped $273 million of product to Chinese customers, of which $234 million was manufactured domestically in the U.S. — an exposure to Chinese demand and trade policy specifically. On the customer side, the ten largest customers represent 38% of revenue, reflecting the concentrated nature of the specialty-cellulose customer base, offset somewhat by diversification across geographies. Together, these exposures suggest RYAM's risk is less about losing any one customer and more about macro and trade-policy shifts affecting a geographically concentrated, largely non-U.S. demand base — with China as the specific idiosyncratic node worth watching given tariff or demand-shock potential.
For the engine’s reasoning on RYAM’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Chemicals
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| RYAM● | Rayonier Advanced Materials Inc | 1 | 2 | 0 | 3 |
| CE | Celanese Corporation | 1 | 1 | 0 | 2 |
| ASPI | ASP Isotopes Inc. | 0 | 1 | 0 | 1 |
| ASIX | AdvanSix Inc. | 0 | 0 | 0 | 0 |
| DOW | Dow Inc. | 0 | 0 | 0 | 0 |
| GPRE | Green Plains, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.