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空气化工产品公司（APD）与CONSTELLIUM SE（CSTM）财务数据对比。点击上方公司名可切换其他公司
空气化工产品公司的季度营收约是CONSTELLIUM SE的1.4倍（$3.1B vs $2.2B）。空气化工产品公司净利率更高（21.9% vs 5.1%，领先16.8%）。CONSTELLIUM SE自由现金流更多（$109.0M vs $-350.5M）
空气化工产品公司是全球知名的工业气体供应商，业务覆盖全球各地，主营大气气体、工艺气体、特种气体、相关设备及服务，产品涵盖氧气、氮气、氩气、氢气、氦气、二氧化碳、一氧化碳、合成气等，同时供应空分装置、非低温发生器等气体生产处理设备，服务炼油、化工、气化等多个行业领域。
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。
APD vs CSTM — 直观对比
营收规模更大
APD
是对方的1.4倍
$2.2B
净利率更高
APD
高出16.8%
5.1%
自由现金流更多
CSTM
多$459.5M
$-350.5M
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $2.2B |
| 净利润 | $678.2M | $112.0M |
| 毛利率 | 32.1% | — |
| 营业利润率 | 23.7% | 7.5% |
| 净利率 | 21.9% | 5.1% |
| 营收同比 | 5.8% | — |
| 净利润同比 | 9.8% | — |
| 每股收益（稀释后） | $3.04 | $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APDCSTM
| Q4 25 | $3.1B | $2.2B | ||
| Q3 25 | $3.2B | $2.2B | ||
| Q2 25 | $3.0B | $2.1B | ||
| Q1 25 | $2.9B | $2.0B | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.0B | $1.9B | ||
| Q1 24 | $2.9B | — |
净利润APDCSTM
| Q4 25 | $678.2M | $112.0M | ||
| Q3 25 | $4.9M | $88.0M | ||
| Q2 25 | $713.8M | $36.0M | ||
| Q1 25 | $-1.7B | $37.0M | ||
| Q4 24 | $617.4M | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $696.6M | $76.0M | ||
| Q1 24 | $572.4M | — |
毛利率APDCSTM
| Q4 25 | 32.1% | — | ||
| Q3 25 | 32.3% | — | ||
| Q2 25 | 32.5% | — | ||
| Q1 25 | 29.6% | — | ||
| Q4 24 | 31.2% | — | ||
| Q3 24 | 34.0% | — | ||
| Q2 24 | 32.8% | — | ||
| Q1 24 | 32.0% | — |
营业利润率APDCSTM
| Q4 25 | 23.7% | 7.5% | ||
| Q3 25 | 0.5% | 5.8% | ||
| Q2 25 | 26.2% | 2.7% | ||
| Q1 25 | -79.8% | 3.1% | ||
| Q4 24 | 22.0% | — | ||
| Q3 24 | 76.1% | — | ||
| Q2 24 | 24.7% | 5.4% | ||
| Q1 24 | 21.7% | — |
净利率APDCSTM
| Q4 25 | 21.9% | 5.1% | ||
| Q3 25 | 0.2% | 4.1% | ||
| Q2 25 | 23.6% | 1.7% | ||
| Q1 25 | -59.3% | 1.9% | ||
| Q4 24 | 21.1% | — | ||
| Q3 24 | 61.2% | — | ||
| Q2 24 | 23.3% | 3.9% | ||
| Q1 24 | 19.5% | — |
每股收益（稀释后）APDCSTM
| Q4 25 | $3.04 | $0.79 | ||
| Q3 25 | $0.03 | $0.62 | ||
| Q2 25 | $3.20 | $0.25 | ||
| Q1 25 | $-7.77 | $0.26 | ||
| Q4 24 | $2.77 | — | ||
| Q3 24 | $8.75 | — | ||
| Q2 24 | $3.13 | $0.51 | ||
| Q1 24 | $2.57 | — |
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 | $1.0B | $120.0M |
| 总债务越低越好 | — | $1.9B |
| 股东权益账面价值 | $15.4B | $952.0M |
| 总资产 | $41.2B | $5.4B |
| 负债/权益比越低杠杆越低 | — | 2.00× |
8季度趋势，按日历期对齐
现金及短期投资APDCSTM
| Q4 25 | $1.0B | $120.0M | ||
| Q3 25 | $1.9B | $122.0M | ||
| Q2 25 | $2.3B | $133.0M | ||
| Q1 25 | $1.6B | $118.0M | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.6B | — |
总债务APDCSTM
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益APDCSTM
| Q4 25 | $15.4B | $952.0M | ||
| Q3 25 | $15.0B | $845.0M | ||
| Q2 25 | $15.5B | $780.0M | ||
| Q1 25 | $14.7B | $745.0M | ||
| Q4 24 | $16.7B | — | ||
| Q3 24 | $17.0B | — | ||
| Q2 24 | $15.1B | $796.0M | ||
| Q1 24 | $14.9B | — |
总资产APDCSTM
| Q4 25 | $41.2B | $5.4B | ||
| Q3 25 | $41.1B | $5.4B | ||
| Q2 25 | $41.7B | $5.4B | ||
| Q1 25 | $38.9B | $5.2B | ||
| Q4 24 | $40.0B | — | ||
| Q3 24 | $39.6B | — | ||
| Q2 24 | $37.0B | — | ||
| Q1 24 | $35.9B | — |
负债/权益比APDCSTM
| Q4 25 | — | 2.00× | ||
| Q3 25 | — | 2.34× | ||
| Q2 25 | — | 2.53× | ||
| Q1 25 | — | 2.56× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $900.7M | $218.0M |
| 自由现金流经营现金流 - 资本支出 | $-350.5M | $109.0M |
| 自由现金流率自由现金流/营收 | -11.3% | 5.0% |
| 资本支出强度资本支出/营收 | 40.3% | 5.0% |
| 现金转化率经营现金流/净利润 | 1.33× | 1.95× |
| 过去12个月自由现金流最近4个季度 | — | $159.0M |
8季度趋势，按日历期对齐
经营现金流APDCSTM
| Q4 25 | $900.7M | $218.0M | ||
| Q3 25 | — | $99.0M | ||
| Q2 25 | $855.8M | $114.0M | ||
| Q1 25 | $328.1M | $58.0M | ||
| Q4 24 | $811.7M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $1.3B | $138.0M | ||
| Q1 24 | $801.7M | — |
自由现金流APDCSTM
| Q4 25 | $-350.5M | $109.0M | ||
| Q3 25 | — | $24.0M | ||
| Q2 25 | $-640.0M | $37.0M | ||
| Q1 25 | $-1.6B | $-11.0M | ||
| Q4 24 | $-1.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-345.2M | $54.0M | ||
| Q1 24 | $-867.7M | — |
自由现金流率APDCSTM
| Q4 25 | -11.3% | 5.0% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | -21.2% | 1.8% | ||
| Q1 25 | -53.6% | -0.6% | ||
| Q4 24 | -44.5% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -11.6% | 2.8% | ||
| Q1 24 | -29.6% | — |
资本支出强度APDCSTM
| Q4 25 | 40.3% | 5.0% | ||
| Q3 25 | 47.9% | 3.5% | ||
| Q2 25 | 49.5% | 3.7% | ||
| Q1 25 | 64.9% | 3.5% | ||
| Q4 24 | 72.2% | — | ||
| Q3 24 | 65.1% | — | ||
| Q2 24 | 53.8% | 4.3% | ||
| Q1 24 | 57.0% | — |
现金转化率APDCSTM
| Q4 25 | 1.33× | 1.95× | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | 1.20× | 3.17× | ||
| Q1 25 | — | 1.57× | ||
| Q4 24 | 1.31× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.81× | 1.82× | ||
| Q1 24 | 1.40× | — |
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
APD
| Other | $1.6B | 53% |
| Onsite | $783.9M | 25% |
| Merchant | $557.8M | 18% |
| Saleof Equipment | $117.0M | 4% |
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% |
