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Side-by-side financial comparison of CONSTELLIUM SE (CSTM) and Norwegian Cruise Line Holdings (NCLH). Click either name above to swap in a different company.
Norwegian Cruise Line Holdings is the larger business by last-quarter revenue ($2.2B vs $2.2B, roughly 1.0× CONSTELLIUM SE). CONSTELLIUM SE runs the higher net margin — 5.1% vs 0.6%, a 4.5% gap on every dollar of revenue. CONSTELLIUM SE produced more free cash flow last quarter ($109.0M vs $21.5M).
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.
Norwegian Cruise Line (NCL) is an American cruise line founded in Norway in 1966, headquartered in Miami-Dade County, Florida, and incorporated in the Bahamas. It is the fourth-largest cruise line in the world by passengers, controlling about 8.6% of the total worldwide share of the cruise market by passengers as of 2021. It is wholly owned by parent company Norwegian Cruise Line Holdings.
CSTM vs NCLH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $2.2B |
| Net Profit | $112.0M | $14.3M |
| Gross Margin | — | 41.0% |
| Operating Margin | 7.5% | 8.3% |
| Net Margin | 5.1% | 0.6% |
| Revenue YoY | — | 6.4% |
| Net Profit YoY | — | -94.4% |
| EPS (diluted) | $0.79 | $0.08 |
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 | $2.2B | ||
| Q3 25 | $2.2B | $2.9B | ||
| Q2 25 | $2.1B | $2.5B | ||
| Q1 25 | $2.0B | $2.1B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | $1.9B | $2.4B | ||
| Q1 24 | — | $2.2B |
| Q4 25 | $112.0M | $14.3M | ||
| Q3 25 | $88.0M | $419.3M | ||
| Q2 25 | $36.0M | $30.0M | ||
| Q1 25 | $37.0M | $-40.3M | ||
| Q4 24 | — | $254.5M | ||
| Q3 24 | — | $474.9M | ||
| Q2 24 | $76.0M | $163.4M | ||
| Q1 24 | — | $17.4M |
| Q4 25 | — | 41.0% | ||
| Q3 25 | — | 47.1% | ||
| Q2 25 | — | 42.1% | ||
| Q1 25 | — | 38.7% | ||
| Q4 24 | — | 38.0% | ||
| Q3 24 | — | 45.2% | ||
| Q2 24 | — | 38.7% | ||
| Q1 24 | — | 36.7% |
| Q4 25 | 7.5% | 8.3% | ||
| Q3 25 | 5.8% | 25.5% | ||
| Q2 25 | 2.7% | 16.8% | ||
| Q1 25 | 3.1% | 9.4% | ||
| Q4 24 | — | 10.2% | ||
| Q3 24 | — | 24.6% | ||
| Q2 24 | 5.4% | 14.4% | ||
| Q1 24 | — | 10.0% |
| Q4 25 | 5.1% | 0.6% | ||
| Q3 25 | 4.1% | 14.3% | ||
| Q2 25 | 1.7% | 1.2% | ||
| Q1 25 | 1.9% | -1.9% | ||
| Q4 24 | — | 12.1% | ||
| Q3 24 | — | 16.9% | ||
| Q2 24 | 3.9% | 6.9% | ||
| Q1 24 | — | 0.8% |
| Q4 25 | $0.79 | $0.08 | ||
| Q3 25 | $0.62 | $0.86 | ||
| Q2 25 | $0.25 | $0.07 | ||
| Q1 25 | $0.26 | $-0.09 | ||
| Q4 24 | — | $0.55 | ||
| Q3 24 | — | $0.95 | ||
| Q2 24 | $0.51 | $0.35 | ||
| Q1 24 | — | $0.04 |
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 | $209.9M |
| Total DebtLower is stronger | $1.9B | $13.7B |
| Stockholders' EquityBook value | $952.0M | $2.2B |
| Total Assets | $5.4B | $22.5B |
| Debt / EquityLower = less leverage | 2.00× | 6.21× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $120.0M | $209.9M | ||
| Q3 25 | $122.0M | $166.8M | ||
| Q2 25 | $133.0M | $184.0M | ||
| Q1 25 | $118.0M | $184.4M | ||
| Q4 24 | — | $190.8M | ||
| Q3 24 | — | $332.5M | ||
| Q2 24 | — | $594.1M | ||
| Q1 24 | — | $559.8M |
| Q4 25 | $1.9B | $13.7B | ||
| Q3 25 | $2.0B | $13.6B | ||
| Q2 25 | $2.0B | $12.6B | ||
| Q1 25 | $1.9B | $12.9B | ||
| Q4 24 | — | $11.8B | ||
| Q3 24 | — | $11.8B | ||
| Q2 24 | — | $11.9B | ||
| Q1 24 | — | $12.0B |
| Q4 25 | $952.0M | $2.2B | ||
| Q3 25 | $845.0M | $2.2B | ||
| Q2 25 | $780.0M | $1.6B | ||
| Q1 25 | $745.0M | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | $796.0M | $693.1M | ||
| Q1 24 | — | $362.1M |
| Q4 25 | $5.4B | $22.5B | ||
| Q3 25 | $5.4B | $22.2B | ||
| Q2 25 | $5.4B | $21.6B | ||
| Q1 25 | $5.2B | $21.4B | ||
| Q4 24 | — | $20.0B | ||
| Q3 24 | — | $19.8B | ||
| Q2 24 | — | $20.1B | ||
| Q1 24 | — | $19.8B |
| Q4 25 | 2.00× | 6.21× | ||
| Q3 25 | 2.34× | 6.22× | ||
| Q2 25 | 2.53× | 8.05× | ||
| Q1 25 | 2.56× | 9.09× | ||
| Q4 24 | — | 8.26× | ||
| Q3 24 | — | 10.35× | ||
| Q2 24 | — | 17.19× | ||
| Q1 24 | — | 33.16× |
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 | $459.1M |
| Free Cash FlowOCF − Capex | $109.0M | $21.5M |
| FCF MarginFCF / Revenue | 5.0% | 1.0% |
| Capex IntensityCapex / Revenue | 5.0% | 19.5% |
| Cash ConversionOCF / Net Profit | 1.95× | 32.21× |
| TTM Free Cash FlowTrailing 4 quarters | $159.0M | $-1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $218.0M | $459.1M | ||
| Q3 25 | $99.0M | $236.6M | ||
| Q2 25 | $114.0M | $714.9M | ||
| Q1 25 | $58.0M | $679.2M | ||
| Q4 24 | — | $399.3M | ||
| Q3 24 | — | $172.5M | ||
| Q2 24 | $138.0M | $670.9M | ||
| Q1 24 | — | $807.2M |
| Q4 25 | $109.0M | $21.5M | ||
| Q3 25 | $24.0M | $-726.5M | ||
| Q2 25 | $37.0M | $381.2M | ||
| Q1 25 | $-11.0M | $-846.0M | ||
| Q4 24 | — | $155.8M | ||
| Q3 24 | — | $-195.5M | ||
| Q2 24 | $54.0M | $330.2M | ||
| Q1 24 | — | $548.3M |
| Q4 25 | 5.0% | 1.0% | ||
| Q3 25 | 1.1% | -24.7% | ||
| Q2 25 | 1.8% | 15.1% | ||
| Q1 25 | -0.6% | -39.8% | ||
| Q4 24 | — | 7.4% | ||
| Q3 24 | — | -7.0% | ||
| Q2 24 | 2.8% | 13.9% | ||
| Q1 24 | — | 25.0% |
| Q4 25 | 5.0% | 19.5% | ||
| Q3 25 | 3.5% | 32.8% | ||
| Q2 25 | 3.7% | 13.3% | ||
| Q1 25 | 3.5% | 71.7% | ||
| Q4 24 | — | 11.5% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | 4.3% | 14.4% | ||
| Q1 24 | — | 11.8% |
| Q4 25 | 1.95× | 32.21× | ||
| Q3 25 | 1.13× | 0.56× | ||
| Q2 25 | 3.17× | 23.83× | ||
| Q1 25 | 1.57× | — | ||
| Q4 24 | — | 1.57× | ||
| Q3 24 | — | 0.36× | ||
| Q2 24 | 1.82× | 4.10× | ||
| Q1 24 | — | 46.51× |
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% |
NCLH
| Passenger | $1.5B | 67% |
| Onboard And Other | $734.4M | 33% |
