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AMERICAN AXLE & MANUFACTURING HOLDINGS INC（AXL）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AMERICAN AXLE & MANUFACTURING HOLDINGS INC的1.6倍（$2.2B vs $1.4B），CONSTELLIUM SE净利率更高（5.1% vs -5.4%，领先10.5%），CONSTELLIUM SE自由现金流更多（$109.0M vs $54.7M）
美国车桥制造控股有限公司总部位于密歇根州底特律，是一家美国汽车传动轴与动力传动系统零部件及系统制造商，在汽车传动领域拥有成熟的技术与产能，为全球多家车企供应相关核心配件。
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。
AXL vs CSTM — 直观对比
营收规模更大
CSTM
是对方的1.6倍
$1.4B
净利率更高
CSTM
高出10.5%
-5.4%
自由现金流更多
CSTM
多$54.3M
$54.7M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.2B |
| 净利润 | $-75.3M | $112.0M |
| 毛利率 | 10.2% | — |
| 营业利润率 | -2.4% | 7.5% |
| 净利率 | -5.4% | 5.1% |
| 营收同比 | 0.2% | — |
| 净利润同比 | -449.6% | — |
| 每股收益（稀释后） | $-0.62 | $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AXLCSTM
| Q4 25 | $1.4B | $2.2B | ||
| Q3 25 | $1.5B | $2.2B | ||
| Q2 25 | $1.5B | $2.1B | ||
| Q1 25 | $1.4B | $2.0B | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.6B | $1.9B | ||
| Q1 24 | $1.6B | — |
净利润AXLCSTM
| Q4 25 | $-75.3M | $112.0M | ||
| Q3 25 | $9.2M | $88.0M | ||
| Q2 25 | $39.3M | $36.0M | ||
| Q1 25 | $7.1M | $37.0M | ||
| Q4 24 | $-13.7M | — | ||
| Q3 24 | $10.0M | — | ||
| Q2 24 | $18.2M | $76.0M | ||
| Q1 24 | $20.5M | — |
毛利率AXLCSTM
| Q4 25 | 10.2% | — | ||
| Q3 25 | 12.6% | — | ||
| Q2 25 | 13.1% | — | ||
| Q1 25 | 12.3% | — | ||
| Q4 24 | 11.2% | — | ||
| Q3 24 | 11.4% | — | ||
| Q2 24 | 13.3% | — | ||
| Q1 24 | 12.4% | — |
营业利润率AXLCSTM
| Q4 25 | -2.4% | 7.5% | ||
| Q3 25 | 3.2% | 5.8% | ||
| Q2 25 | 3.6% | 2.7% | ||
| Q1 25 | 3.0% | 3.1% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.8% | — | ||
| Q2 24 | 5.3% | 5.4% | ||
| Q1 24 | 4.8% | — |
净利率AXLCSTM
| Q4 25 | -5.4% | 5.1% | ||
| Q3 25 | 0.6% | 4.1% | ||
| Q2 25 | 2.6% | 1.7% | ||
| Q1 25 | 0.5% | 1.9% | ||
| Q4 24 | -1.0% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | 1.1% | 3.9% | ||
| Q1 24 | 1.3% | — |
每股收益（稀释后）AXLCSTM
| Q4 25 | $-0.62 | $0.79 | ||
| Q3 25 | $0.07 | $0.62 | ||
| Q2 25 | $0.32 | $0.25 | ||
| Q1 25 | $0.06 | $0.26 | ||
| Q4 24 | $-0.11 | — | ||
| Q3 24 | $0.08 | — | ||
| Q2 24 | $0.15 | $0.51 | ||
| Q1 24 | $0.17 | — |
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 | $708.9M | $120.0M |
| 总债务越低越好 | $4.0B | $1.9B |
| 股东权益账面价值 | $640.0M | $952.0M |
| 总资产 | $6.7B | $5.4B |
| 负债/权益比越低杠杆越低 | 6.31× | 2.00× |
8季度趋势，按日历期对齐
现金及短期投资AXLCSTM
| Q4 25 | $708.9M | $120.0M | ||
| Q3 25 | $714.1M | $122.0M | ||
| Q2 25 | $586.5M | $133.0M | ||
| Q1 25 | $549.2M | $118.0M | ||
| Q4 24 | $552.9M | — | ||
| Q3 24 | $542.5M | — | ||
| Q2 24 | $519.9M | — | ||
| Q1 24 | $469.8M | — |
总债务AXLCSTM
| Q4 25 | $4.0B | $1.9B | ||
| Q3 25 | $2.6B | $2.0B | ||
| Q2 25 | $2.6B | $2.0B | ||
| Q1 25 | $2.6B | $1.9B | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | — |
股东权益AXLCSTM
| Q4 25 | $640.0M | $952.0M | ||
| Q3 25 | $718.4M | $845.0M | ||
| Q2 25 | $673.0M | $780.0M | ||
| Q1 25 | $596.3M | $745.0M | ||
| Q4 24 | $562.8M | — | ||
| Q3 24 | $616.3M | — | ||
| Q2 24 | $609.6M | $796.0M | ||
| Q1 24 | $621.4M | — |
总资产AXLCSTM
| Q4 25 | $6.7B | $5.4B | ||
| Q3 25 | $5.3B | $5.4B | ||
| Q2 25 | $5.3B | $5.4B | ||
| Q1 25 | $5.1B | $5.2B | ||
| Q4 24 | $5.1B | — | ||
| Q3 24 | $5.3B | — | ||
| Q2 24 | $5.3B | — | ||
| Q1 24 | $5.4B | — |
负债/权益比AXLCSTM
| Q4 25 | 6.31× | 2.00× | ||
| Q3 25 | 3.61× | 2.34× | ||
| Q2 25 | 3.86× | 2.53× | ||
| Q1 25 | 4.38× | 2.56× | ||
| Q4 24 | 4.58× | — | ||
| Q3 24 | 4.28× | — | ||
| Q2 24 | 4.42× | — | ||
| Q1 24 | 4.40× | — |
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 | $120.5M | $218.0M |
| 自由现金流经营现金流 - 资本支出 | $54.7M | $109.0M |
| 自由现金流率自由现金流/营收 | 4.0% | 5.0% |
| 资本支出强度资本支出/营收 | 4.8% | 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 | $155.1M | $159.0M |
8季度趋势，按日历期对齐
经营现金流AXLCSTM
| Q4 25 | $120.5M | $218.0M | ||
| Q3 25 | $143.3M | $99.0M | ||
| Q2 25 | $91.9M | $114.0M | ||
| Q1 25 | $55.9M | $58.0M | ||
| Q4 24 | $151.2M | — | ||
| Q3 24 | $143.6M | — | ||
| Q2 24 | $142.8M | $138.0M | ||
| Q1 24 | $17.8M | — |
自由现金流AXLCSTM
| Q4 25 | $54.7M | $109.0M | ||
| Q3 25 | $79.2M | $24.0M | ||
| Q2 25 | $34.6M | $37.0M | ||
| Q1 25 | $-13.4M | $-11.0M | ||
| Q4 24 | $73.2M | — | ||
| Q3 24 | $70.4M | — | ||
| Q2 24 | $94.0M | $54.0M | ||
| Q1 24 | $-30.2M | — |
自由现金流率AXLCSTM
| Q4 25 | 4.0% | 5.0% | ||
| Q3 25 | 5.3% | 1.1% | ||
| Q2 25 | 2.3% | 1.8% | ||
| Q1 25 | -0.9% | -0.6% | ||
| Q4 24 | 5.3% | — | ||
| Q3 24 | 4.7% | — | ||
| Q2 24 | 5.8% | 2.8% | ||
| Q1 24 | -1.9% | — |
资本支出强度AXLCSTM
| Q4 25 | 4.8% | 5.0% | ||
| Q3 25 | 4.3% | 3.5% | ||
| Q2 25 | 3.7% | 3.7% | ||
| Q1 25 | 4.9% | 3.5% | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 4.9% | — | ||
| Q2 24 | 3.0% | 4.3% | ||
| Q1 24 | 3.0% | — |
现金转化率AXLCSTM
| Q4 25 | — | 1.95× | ||
| Q3 25 | 15.58× | 1.13× | ||
| Q2 25 | 2.34× | 3.17× | ||
| Q1 25 | 7.87× | 1.57× | ||
| Q4 24 | — | — | ||
| Q3 24 | 14.36× | — | ||
| Q2 24 | 7.85× | 1.82× | ||
| Q1 24 | 0.87× | — |
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
AXL
| Driveline | $748.4M | 54% |
| Other | $345.7M | 25% |
| Metal Forming | $289.8M | 21% |
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% |
