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Side-by-side financial comparison of CONSTELLIUM SE (CSTM) and DARLING INGREDIENTS INC. (DAR). 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× DARLING INGREDIENTS INC.). CONSTELLIUM SE runs the higher net margin — 5.1% vs 1.2%, a 3.9% gap on every dollar of 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.
Darling Ingredients Inc. is a global sustainable natural ingredients maker that converts edible and inedible organic byproducts into high-value products: food-grade nutritional ingredients, animal feed additives, pharmaceutical raw materials and biofuel components, serving food, agriculture, pharma and renewable energy markets across North America, Europe and Asia-Pacific.
CSTM vs DAR — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $1.6B |
| Net Profit | $112.0M | $19.4M |
| Gross Margin | — | 24.7% |
| Operating Margin | 7.5% | 4.6% |
| Net Margin | 5.1% | 1.2% |
| Revenue YoY | — | 10.0% |
| Net Profit YoY | — | 14.2% |
| EPS (diluted) | $0.79 | $0.12 |
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 | $2.2B | — | ||
| Q3 25 | $2.2B | $1.6B | ||
| Q2 25 | $2.1B | $1.5B | ||
| Q1 25 | $2.0B | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | $1.9B | $1.5B | ||
| Q1 24 | — | $1.4B |
| Q4 25 | $112.0M | — | ||
| Q3 25 | $88.0M | $19.4M | ||
| Q2 25 | $36.0M | $12.7M | ||
| Q1 25 | $37.0M | $-26.2M | ||
| Q4 24 | — | $101.9M | ||
| Q3 24 | — | $16.9M | ||
| Q2 24 | $76.0M | $78.9M | ||
| Q1 24 | — | $81.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | 24.7% | ||
| Q2 25 | — | 23.3% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | 23.5% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 22.5% | ||
| Q1 24 | — | 21.4% |
| Q4 25 | 7.5% | — | ||
| Q3 25 | 5.8% | 4.6% | ||
| Q2 25 | 2.7% | 5.1% | ||
| Q1 25 | 3.1% | 2.1% | ||
| Q4 24 | — | 8.6% | ||
| Q3 24 | — | 4.2% | ||
| Q2 24 | 5.4% | 10.2% | ||
| Q1 24 | — | 9.7% |
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.1% | 1.2% | ||
| Q2 25 | 1.7% | 0.9% | ||
| Q1 25 | 1.9% | -1.9% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | 3.9% | 5.4% | ||
| Q1 24 | — | 5.7% |
| Q4 25 | $0.79 | — | ||
| Q3 25 | $0.62 | $0.12 | ||
| Q2 25 | $0.25 | $0.08 | ||
| Q1 25 | $0.26 | $-0.16 | ||
| Q4 24 | — | $0.63 | ||
| Q3 24 | — | $0.11 | ||
| Q2 24 | $0.51 | $0.49 | ||
| Q1 24 | — | $0.50 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $120.0M | $91.5M |
| Total DebtLower is stronger | $1.9B | $4.0B |
| Stockholders' EquityBook value | $952.0M | $4.7B |
| Total Assets | $5.4B | $10.5B |
| Debt / EquityLower = less leverage | 2.00× | 0.86× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $120.0M | — | ||
| Q3 25 | $122.0M | $91.5M | ||
| Q2 25 | $133.0M | $94.6M | ||
| Q1 25 | $118.0M | $81.5M | ||
| Q4 24 | — | $76.0M | ||
| Q3 24 | — | $114.8M | ||
| Q2 24 | — | $121.6M | ||
| Q1 24 | — | $145.5M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | $2.0B | $4.0B | ||
| Q2 25 | $2.0B | $3.9B | ||
| Q1 25 | $1.9B | $3.8B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $4.4B |
| Q4 25 | $952.0M | — | ||
| Q3 25 | $845.0M | $4.7B | ||
| Q2 25 | $780.0M | $4.6B | ||
| Q1 25 | $745.0M | $4.4B | ||
| Q4 24 | — | $4.4B | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | $796.0M | $4.5B | ||
| Q1 24 | — | $4.6B |
| Q4 25 | $5.4B | — | ||
| Q3 25 | $5.4B | $10.5B | ||
| Q2 25 | $5.4B | $10.3B | ||
| Q1 25 | $5.2B | $10.0B | ||
| Q4 24 | — | $10.1B | ||
| Q3 24 | — | $10.6B | ||
| Q2 24 | — | $10.6B | ||
| Q1 24 | — | $10.9B |
| Q4 25 | 2.00× | — | ||
| Q3 25 | 2.34× | 0.86× | ||
| Q2 25 | 2.53× | 0.85× | ||
| Q1 25 | 2.56× | 0.86× | ||
| Q4 24 | — | 0.89× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 0.97× | ||
| Q1 24 | — | 0.95× |
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 | $218.0M | $224.3M |
| Free Cash FlowOCF − Capex | $109.0M | — |
| FCF MarginFCF / Revenue | 5.0% | — |
| Capex IntensityCapex / Revenue | 5.0% | — |
| Cash ConversionOCF / Net Profit | 1.95× | 11.59× |
| TTM Free Cash FlowTrailing 4 quarters | $159.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $218.0M | — | ||
| Q3 25 | $99.0M | $224.3M | ||
| Q2 25 | $114.0M | $145.8M | ||
| Q1 25 | $58.0M | $249.0M | ||
| Q4 24 | — | $154.4M | ||
| Q3 24 | — | $274.5M | ||
| Q2 24 | $138.0M | $146.5M | ||
| Q1 24 | — | $263.9M |
| Q4 25 | $109.0M | — | ||
| Q3 25 | $24.0M | — | ||
| Q2 25 | $37.0M | — | ||
| Q1 25 | $-11.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $54.0M | — | ||
| Q1 24 | — | — |
| Q4 25 | 5.0% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | -0.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.8% | — | ||
| Q1 24 | — | — |
| Q4 25 | 5.0% | — | ||
| Q3 25 | 3.5% | — | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | 3.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 4.3% | — | ||
| Q1 24 | — | — |
| Q4 25 | 1.95× | — | ||
| Q3 25 | 1.13× | 11.59× | ||
| Q2 25 | 3.17× | 11.52× | ||
| Q1 25 | 1.57× | — | ||
| Q4 24 | — | 1.52× | ||
| Q3 24 | — | 16.19× | ||
| Q2 24 | 1.82× | 1.86× | ||
| Q1 24 | — | 3.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
DAR
| Fats | $428.4M | 27% |
| Food Ingredients | $380.6M | 24% |
| Diamond Green Diesel Holdings Llc Joint Venture | $342.1M | 22% |
| Fuel Ingredients | $154.3M | 10% |
| Used Cooking Oil | $125.9M | 8% |
| Other Rendering | $76.9M | 5% |
| Bakery | $46.9M | 3% |
| Other Products And Services | $12.2M | 1% |
