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Side-by-side financial comparison of Bath & Body Works, Inc. (BBWI) and CONSTELLIUM SE (CSTM). Click either name above to swap in a different company.
CONSTELLIUM SE is the larger business by last-quarter revenue ($2.2B vs $1.6B, roughly 1.4× Bath & Body Works, Inc.). CONSTELLIUM SE runs the higher net margin — 5.1% vs 4.8%, a 0.3% gap on every dollar of revenue. CONSTELLIUM SE produced more free cash flow last quarter ($109.0M vs $-1.0M).
Bath & Body Works, Inc. is an American specialty retail company based in Columbus, Ohio. It owns Bath & Body Works, posted $7.4 billion in revenue in 2023, and was listed as 481 on the 2024 Fortune 500 list of largest United States companies by revenue.
Constellium SE is an American-Swiss, French-based global manufacturer of aluminium rolled products, extruded products, and structural parts based on a large variety of advanced alloys. Constellium's C-TEC research center has been credited for advancing technology in the field of advanced aluminium alloy. Constellium primarily serves the aerospace, automotive, and packaging sectors. Large clients include Mercedes-Benz, Audi, BMW, Fiat Chrysler Automotive, Ford, Airbus, Boeing, and Bombardier.
BBWI vs CSTM — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $2.2B |
| Net Profit | $77.0M | $112.0M |
| Gross Margin | 41.3% | — |
| Operating Margin | 10.1% | 7.5% |
| Net Margin | 4.8% | 5.1% |
| Revenue YoY | -1.0% | — |
| Net Profit YoY | -27.4% | — |
| EPS (diluted) | $0.37 | $0.79 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.6B | $2.2B | ||
| Q3 25 | $1.5B | $2.2B | ||
| Q2 25 | $1.4B | $2.1B | ||
| Q1 25 | $2.8B | $2.0B | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.4B | $1.9B | ||
| Q1 24 | $2.9B | — |
| Q4 25 | $77.0M | $112.0M | ||
| Q3 25 | $64.0M | $88.0M | ||
| Q2 25 | $105.0M | $36.0M | ||
| Q1 25 | $453.0M | $37.0M | ||
| Q4 24 | $106.0M | — | ||
| Q3 24 | $152.0M | — | ||
| Q2 24 | $87.0M | $76.0M | ||
| Q1 24 | $579.0M | — |
| Q4 25 | 41.3% | — | ||
| Q3 25 | 41.3% | — | ||
| Q2 25 | 45.4% | — | ||
| Q1 25 | 46.7% | — | ||
| Q4 24 | 43.5% | — | ||
| Q3 24 | 41.0% | — | ||
| Q2 24 | 43.8% | — | ||
| Q1 24 | 45.9% | — |
| Q4 25 | 10.1% | 7.5% | ||
| Q3 25 | 10.1% | 5.8% | ||
| Q2 25 | 14.7% | 2.7% | ||
| Q1 25 | 24.3% | 3.1% | ||
| Q4 24 | 13.5% | — | ||
| Q3 24 | 12.0% | — | ||
| Q2 24 | 13.5% | 5.4% | ||
| Q1 24 | 23.9% | — |
| Q4 25 | 4.8% | 5.1% | ||
| Q3 25 | 4.1% | 4.1% | ||
| Q2 25 | 7.4% | 1.7% | ||
| Q1 25 | 16.3% | 1.9% | ||
| Q4 24 | 6.6% | — | ||
| Q3 24 | 10.0% | — | ||
| Q2 24 | 6.3% | 3.9% | ||
| Q1 24 | 19.9% | — |
| Q4 25 | $0.37 | $0.79 | ||
| Q3 25 | $0.30 | $0.62 | ||
| Q2 25 | $0.49 | $0.25 | ||
| Q1 25 | $2.06 | $0.26 | ||
| Q4 24 | $0.49 | — | ||
| Q3 24 | $0.68 | — | ||
| Q2 24 | $0.38 | $0.51 | ||
| Q1 24 | $2.54 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $236.0M | $120.0M |
| Total DebtLower is stronger | $3.9B | $1.9B |
| Stockholders' EquityBook value | $-1.6B | $952.0M |
| Total Assets | $5.0B | $5.4B |
| Debt / EquityLower = less leverage | — | 2.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $236.0M | $120.0M | ||
| Q3 25 | $364.0M | $122.0M | ||
| Q2 25 | $636.0M | $133.0M | ||
| Q1 25 | $674.0M | $118.0M | ||
| Q4 24 | $191.0M | — | ||
| Q3 24 | $514.0M | — | ||
| Q2 24 | $855.0M | — | ||
| Q1 24 | $1.1B | — |
| Q4 25 | $3.9B | $1.9B | ||
| Q3 25 | $3.9B | $2.0B | ||
| Q2 25 | $3.9B | $2.0B | ||
| Q1 25 | $3.9B | $1.9B | ||
| Q4 24 | $4.2B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.4B | — |
| Q4 25 | $-1.6B | $952.0M | ||
| Q3 25 | $-1.5B | $845.0M | ||
| Q2 25 | $-1.5B | $780.0M | ||
| Q1 25 | $-1.4B | $745.0M | ||
| Q4 24 | $-1.7B | — | ||
| Q3 24 | $-1.7B | — | ||
| Q2 24 | $-1.7B | $796.0M | ||
| Q1 24 | $-1.6B | — |
| Q4 25 | $5.0B | $5.4B | ||
| Q3 25 | $4.8B | $5.4B | ||
| Q2 25 | $4.9B | $5.4B | ||
| Q1 25 | $4.9B | $5.2B | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $4.9B | — | ||
| Q2 24 | $5.2B | — | ||
| Q1 24 | $5.5B | — |
| Q4 25 | — | 2.00× | ||
| Q3 25 | — | 2.34× | ||
| Q2 25 | — | 2.53× | ||
| Q1 25 | — | 2.56× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $80.0M | $218.0M |
| Free Cash FlowOCF − Capex | $-1.0M | $109.0M |
| FCF MarginFCF / Revenue | -0.1% | 5.0% |
| Capex IntensityCapex / Revenue | 5.1% | 5.0% |
| Cash ConversionOCF / Net Profit | 1.04× | 1.95× |
| TTM Free Cash FlowTrailing 4 quarters | $946.0M | $159.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.0M | $218.0M | ||
| Q3 25 | $-43.0M | $99.0M | ||
| Q2 25 | $188.0M | $114.0M | ||
| Q1 25 | $955.0M | $58.0M | ||
| Q4 24 | $-99.0M | — | ||
| Q3 24 | $-46.0M | — | ||
| Q2 24 | $76.0M | $138.0M | ||
| Q1 24 | $926.0M | — |
| Q4 25 | $-1.0M | $109.0M | ||
| Q3 25 | $-99.0M | $24.0M | ||
| Q2 25 | $151.0M | $37.0M | ||
| Q1 25 | $895.0M | $-11.0M | ||
| Q4 24 | $-164.0M | — | ||
| Q3 24 | $-101.0M | — | ||
| Q2 24 | $30.0M | $54.0M | ||
| Q1 24 | $878.0M | — |
| Q4 25 | -0.1% | 5.0% | ||
| Q3 25 | -6.4% | 1.1% | ||
| Q2 25 | 10.6% | 1.8% | ||
| Q1 25 | 32.1% | -0.6% | ||
| Q4 24 | -10.2% | — | ||
| Q3 24 | -6.6% | — | ||
| Q2 24 | 2.2% | 2.8% | ||
| Q1 24 | 30.2% | — |
| Q4 25 | 5.1% | 5.0% | ||
| Q3 25 | 3.6% | 3.5% | ||
| Q2 25 | 2.6% | 3.7% | ||
| Q1 25 | 2.2% | 3.5% | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 3.6% | — | ||
| Q2 24 | 3.3% | 4.3% | ||
| Q1 24 | 1.6% | — |
| Q4 25 | 1.04× | 1.95× | ||
| Q3 25 | -0.67× | 1.13× | ||
| Q2 25 | 1.79× | 3.17× | ||
| Q1 25 | 2.11× | 1.57× | ||
| Q4 24 | -0.93× | — | ||
| Q3 24 | -0.30× | — | ||
| Q2 24 | 0.87× | 1.82× | ||
| Q1 24 | 1.60× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BBWI
| Bath Body Works Stores | $1.2B | 77% |
| Bath Body Works Direct | $299.0M | 19% |
| Bath Body Works International | $73.0M | 5% |
CSTM
| Packaging Rolled Products | $1.0B | 46% |
| Automotive Rolled Products | $318.0M | 14% |
| Aerospace Rolled Products | $270.0M | 12% |
| Transportation Industry Defense And Other Rolled Products | $232.0M | 11% |
| Automotive Extruded Products | $220.0M | 10% |
| Other Extruded Products | $132.0M | 6% |
| Specialty And Other Thin Rolled Products | $22.0M | 1% |
