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 2026-07-26Rayonier Advanced Materials carries a geographically driven concentration profile. Sales to customers outside the U.S. made up 68% of revenue in 2025, a high-share exposure that is structural — a function of where global demand for the company's products sits rather than any single counterparty. Within that international base, customer relationships are somewhat concentrated but not dominated by any one name: the ten largest customers accounted for approximately 38% of 2025 revenue, a medium-share, dependency-type exposure. China stands out as a specific geographic dependency within the export mix: the company shipped $273 million of product to customers in China in 2025, of which $234 million were manufactured in the U.S. — also a medium-share exposure given the scale of that single-country relationship relative to the broader export base. Together, the picture is one where the export orientation itself is a durable structural feature of the business, while the China relationship and customer concentration are the more idiosyncratic pieces that could move results if either weakens independently of the broader export trend.
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.