vs
雅保（ALB）与CONSTELLIUM SE（CSTM）财务数据对比。点击上方公司名可切换其他公司
CONSTELLIUM SE的季度营收约是雅保的1.5倍（$2.2B vs $1.4B）。CONSTELLIUM SE净利率更高（5.1% vs -29.0%，领先34.1%）。雅保自由现金流更多（$233.1M vs $109.0M）
雅保是全球知名的特种化学品企业，业务覆盖研发、生产与全球销售，下设锂、溴、催化剂三大板块。锂业务线供应碳酸锂、氢氧化锂、氯化锂等锂化合物及相关试剂，产品广泛应用于消费电子、电动汽车锂电池、高性能润滑脂、热塑性弹性体等领域。
康士励（Constellium SE）是一家源自美瑞、总部位于法国的全球铝制品制造商，主营各类先进合金制成的铝轧制产品、挤压材及结构件，旗下C-TEC研发中心在先进铝合金技术研发领域成果斐然，核心服务航空航天、汽车、包装三大领域，客户涵盖梅赛德斯-奔驰、奥迪、宝马、福特、空客、波音等知名企业。
ALB vs CSTM — 直观对比
营收规模更大
CSTM
是对方的1.5倍
$1.4B
净利率更高
CSTM
高出34.1%
-29.0%
自由现金流更多
ALB
多$124.1M
$109.0M
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.2B |
| 净利润 | $-414.2M | $112.0M |
| 毛利率 | 13.9% | — |
| 营业利润率 | -15.2% | 7.5% |
| 净利率 | -29.0% | 5.1% |
| 营收同比 | 15.9% | — |
| 净利润同比 | -650.1% | — |
| 每股收益（稀释后） | $-3.88 | $0.79 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ALBCSTM
| Q4 25 | $1.4B | $2.2B | ||
| Q3 25 | $1.3B | $2.2B | ||
| Q2 25 | $1.3B | $2.1B | ||
| Q1 25 | $1.1B | $2.0B | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | $1.9B | ||
| Q1 24 | $1.4B | — |
净利润ALBCSTM
| Q4 25 | $-414.2M | $112.0M | ||
| Q3 25 | $-160.7M | $88.0M | ||
| Q2 25 | $22.9M | $36.0M | ||
| Q1 25 | $41.3M | $37.0M | ||
| Q4 24 | $75.3M | — | ||
| Q3 24 | $-1.1B | — | ||
| Q2 24 | $-188.2M | $76.0M | ||
| Q1 24 | $2.4M | — |
毛利率ALBCSTM
| Q4 25 | 13.9% | — | ||
| Q3 25 | 9.0% | — | ||
| Q2 25 | 14.8% | — | ||
| Q1 25 | 14.5% | — | ||
| Q4 24 | 11.2% | — | ||
| Q3 24 | -7.7% | — | ||
| Q2 24 | -0.7% | — | ||
| Q1 24 | 2.9% | — |
营业利润率ALBCSTM
| Q4 25 | -15.2% | 7.5% | ||
| Q3 25 | -16.6% | 5.8% | ||
| Q2 25 | 3.6% | 2.7% | ||
| Q1 25 | 1.8% | 3.1% | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | -81.9% | — | ||
| Q2 24 | -34.4% | 5.4% | ||
| Q1 24 | -13.2% | — |
净利率ALBCSTM
| Q4 25 | -29.0% | 5.1% | ||
| Q3 25 | -12.3% | 4.1% | ||
| Q2 25 | 1.7% | 1.7% | ||
| Q1 25 | 3.8% | 1.9% | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | -78.9% | — | ||
| Q2 24 | -13.2% | 3.9% | ||
| Q1 24 | 0.2% | — |
每股收益（稀释后）ALBCSTM
| Q4 25 | $-3.88 | $0.79 | ||
| Q3 25 | $-1.72 | $0.62 | ||
| Q2 25 | $-0.16 | $0.25 | ||
| Q1 25 | $0.00 | $0.26 | ||
| Q4 24 | $0.29 | — | ||
| Q3 24 | $-9.45 | — | ||
| Q2 24 | $-1.96 | $0.51 | ||
| Q1 24 | $-0.08 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $120.0M |
| 总债务越低越好 | $3.2B | $1.9B |
| 股东权益账面价值 | $9.5B | $952.0M |
| 总资产 | $16.4B | $5.4B |
| 负债/权益比越低杠杆越低 | 0.33× | 2.00× |
8季度趋势，按日历期对齐
现金及短期投资ALBCSTM
| Q4 25 | — | $120.0M | ||
| Q3 25 | $1.9B | $122.0M | ||
| Q2 25 | $1.8B | $133.0M | ||
| Q1 25 | $1.5B | $118.0M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $2.1B | — |
总债务ALBCSTM
| Q4 25 | $3.2B | $1.9B | ||
| Q3 25 | $3.6B | $2.0B | ||
| Q2 25 | $3.6B | $2.0B | ||
| Q1 25 | $3.5B | $1.9B | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | $3.6B | — | ||
| Q2 24 | $3.5B | — | ||
| Q1 24 | $3.5B | — |
股东权益ALBCSTM
| Q4 25 | $9.5B | $952.0M | ||
| Q3 25 | $10.0B | $845.0M | ||
| Q2 25 | $10.2B | $780.0M | ||
| Q1 25 | $10.0B | $745.0M | ||
| Q4 24 | $10.0B | — | ||
| Q3 24 | $10.2B | — | ||
| Q2 24 | $11.2B | $796.0M | ||
| Q1 24 | $11.5B | — |
总资产ALBCSTM
| Q4 25 | $16.4B | $5.4B | ||
| Q3 25 | $17.1B | $5.4B | ||
| Q2 25 | $17.3B | $5.4B | ||
| Q1 25 | $17.0B | $5.2B | ||
| Q4 24 | $16.6B | — | ||
| Q3 24 | $17.5B | — | ||
| Q2 24 | $18.4B | — | ||
| Q1 24 | $19.0B | — |
负债/权益比ALBCSTM
| Q4 25 | 0.33× | 2.00× | ||
| Q3 25 | 0.36× | 2.34× | ||
| Q2 25 | 0.35× | 2.53× | ||
| Q1 25 | 0.35× | 2.56× | ||
| Q4 24 | 0.35× | — | ||
| Q3 24 | 0.35× | — | ||
| Q2 24 | 0.31× | — | ||
| Q1 24 | 0.31× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $388.5M | $218.0M |
| 自由现金流经营现金流 - 资本支出 | $233.1M | $109.0M |
| 自由现金流率自由现金流/营收 | 16.3% | 5.0% |
| 资本支出强度资本支出/营收 | 10.9% | 5.0% |
| 现金转化率经营现金流/净利润 | — | 1.95× |
| 过去12个月自由现金流最近4个季度 | $692.5M | $159.0M |
8季度趋势，按日历期对齐
经营现金流ALBCSTM
| Q4 25 | $388.5M | $218.0M | ||
| Q3 25 | $355.6M | $99.0M | ||
| Q2 25 | $-7.2M | $114.0M | ||
| Q1 25 | $545.4M | $58.0M | ||
| Q4 24 | $674.0K | — | ||
| Q3 24 | $240.5M | — | ||
| Q2 24 | $362.9M | $138.0M | ||
| Q1 24 | $98.0M | — |
自由现金流ALBCSTM
| Q4 25 | $233.1M | $109.0M | ||
| Q3 25 | $223.4M | $24.0M | ||
| Q2 25 | $-126.8M | $37.0M | ||
| Q1 25 | $362.8M | $-11.0M | ||
| Q4 24 | $-355.1M | — | ||
| Q3 24 | $-62.6M | — | ||
| Q2 24 | $-84.7M | $54.0M | ||
| Q1 24 | $-481.4M | — |
自由现金流率ALBCSTM
| Q4 25 | 16.3% | 5.0% | ||
| Q3 25 | 17.1% | 1.1% | ||
| Q2 25 | -9.5% | 1.8% | ||
| Q1 25 | 33.7% | -0.6% | ||
| Q4 24 | -28.8% | — | ||
| Q3 24 | -4.6% | — | ||
| Q2 24 | -5.9% | 2.8% | ||
| Q1 24 | -35.4% | — |
资本支出强度ALBCSTM
| Q4 25 | 10.9% | 5.0% | ||
| Q3 25 | 10.1% | 3.5% | ||
| Q2 25 | 9.0% | 3.7% | ||
| Q1 25 | 17.0% | 3.5% | ||
| Q4 24 | 28.9% | — | ||
| Q3 24 | 22.4% | — | ||
| Q2 24 | 31.3% | 4.3% | ||
| Q1 24 | 42.6% | — |
现金转化率ALBCSTM
| Q4 25 | — | 1.95× | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | -0.31× | 3.17× | ||
| Q1 25 | 13.19× | 1.57× | ||
| Q4 24 | 0.01× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.82× | ||
| Q1 24 | 40.01× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ALB
| Energy Storage | $759.1M | 53% |
| Specialties | $348.9M | 24% |
| Ketjen | $320.1M | 22% |
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% |
