vs
塞拉尼斯（CE）与CONSTELLIUM SE（CSTM）财务数据对比。点击上方公司名可切换其他公司
塞拉尼斯的季度营收约是CONSTELLIUM SE的1.0倍（$2.2B vs $2.2B），CONSTELLIUM SE净利率更高（5.1% vs 0.6%，领先4.5%），塞拉尼斯自由现金流更多（$168.0M vs $109.0M）
塞拉尼斯是总部位于美国得克萨斯州欧文市的技术及特种材料企业，位列财富500强。公司是全球醋酸行业领军生产商，年产量约195万吨，占全球总产量的20%左右，同时也是全球最大的醋酸乙烯酯单体（VAM）供应商。
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。
CE vs CSTM — 直观对比
营收规模更大
CE
是对方的1.0倍
$2.2B
净利率更高
CSTM
高出4.5%
0.6%
自由现金流更多
CE
多$59.0M
$109.0M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $2.2B |
| 净利润 | $14.0M | $112.0M |
| 毛利率 | 19.1% | — |
| 营业利润率 | 4.0% | 7.5% |
| 净利率 | 0.6% | 5.1% |
| 营收同比 | -7.0% | — |
| 净利润同比 | 100.7% | — |
| 每股收益（稀释后） | $0.13 | $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CECSTM
| Q4 25 | $2.2B | $2.2B | ||
| Q3 25 | $2.4B | $2.2B | ||
| Q2 25 | $2.5B | $2.1B | ||
| Q1 25 | $2.4B | $2.0B | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.7B | $1.9B | ||
| Q1 24 | $2.6B | — |
净利润CECSTM
| Q4 25 | $14.0M | $112.0M | ||
| Q3 25 | $-1.4B | $88.0M | ||
| Q2 25 | $199.0M | $36.0M | ||
| Q1 25 | $-21.0M | $37.0M | ||
| Q4 24 | $-1.9B | — | ||
| Q3 24 | $116.0M | — | ||
| Q2 24 | $155.0M | $76.0M | ||
| Q1 24 | $121.0M | — |
毛利率CECSTM
| Q4 25 | 19.1% | — | ||
| Q3 25 | 21.5% | — | ||
| Q2 25 | 21.1% | — | ||
| Q1 25 | 19.9% | — | ||
| Q4 24 | 22.7% | — | ||
| Q3 24 | 23.5% | — | ||
| Q2 24 | 24.2% | — | ||
| Q1 24 | 21.2% | — |
营业利润率CECSTM
| Q4 25 | 4.0% | 7.5% | ||
| Q3 25 | -52.7% | 5.8% | ||
| Q2 25 | 9.2% | 2.7% | ||
| Q1 25 | 7.0% | 3.1% | ||
| Q4 24 | -59.3% | — | ||
| Q3 24 | 9.4% | — | ||
| Q2 24 | 9.4% | 5.4% | ||
| Q1 24 | 8.0% | — |
净利率CECSTM
| Q4 25 | 0.6% | 5.1% | ||
| Q3 25 | -56.1% | 4.1% | ||
| Q2 25 | 7.9% | 1.7% | ||
| Q1 25 | -0.9% | 1.9% | ||
| Q4 24 | -80.8% | — | ||
| Q3 24 | 4.4% | — | ||
| Q2 24 | 5.8% | 3.9% | ||
| Q1 24 | 4.6% | — |
每股收益（稀释后）CECSTM
| Q4 25 | $0.13 | $0.79 | ||
| Q3 25 | $-12.39 | $0.62 | ||
| Q2 25 | $1.81 | $0.25 | ||
| Q1 25 | $-0.19 | $0.26 | ||
| Q4 24 | $-17.50 | — | ||
| Q3 24 | $1.06 | — | ||
| Q2 24 | $1.41 | $0.51 | ||
| Q1 24 | $1.10 | — |
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 | $11.4B | $1.9B |
| 股东权益账面价值 | $4.0B | $952.0M |
| 总资产 | $21.7B | $5.4B |
| 负债/权益比越低杠杆越低 | 2.81× | 2.00× |
8季度趋势，按日历期对齐
现金及短期投资CECSTM
| Q4 25 | — | $120.0M | ||
| Q3 25 | — | $122.0M | ||
| Q2 25 | — | $133.0M | ||
| Q1 25 | — | $118.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务CECSTM
| Q4 25 | $11.4B | $1.9B | ||
| Q3 25 | $11.7B | $2.0B | ||
| Q2 25 | $12.7B | $2.0B | ||
| Q1 25 | $12.4B | $1.9B | ||
| Q4 24 | $11.1B | — | ||
| Q3 24 | $11.3B | — | ||
| Q2 24 | $11.1B | — | ||
| Q1 24 | $11.0B | — |
股东权益CECSTM
| Q4 25 | $4.0B | $952.0M | ||
| Q3 25 | $4.0B | $845.0M | ||
| Q2 25 | $5.3B | $780.0M | ||
| Q1 25 | $5.2B | $745.0M | ||
| Q4 24 | $5.2B | — | ||
| Q3 24 | $7.3B | — | ||
| Q2 24 | $7.2B | $796.0M | ||
| Q1 24 | $7.1B | — |
总资产CECSTM
| Q4 25 | $21.7B | $5.4B | ||
| Q3 25 | $22.2B | $5.4B | ||
| Q2 25 | $23.7B | $5.4B | ||
| Q1 25 | $23.2B | $5.2B | ||
| Q4 24 | $22.9B | — | ||
| Q3 24 | $25.9B | — | ||
| Q2 24 | $25.8B | — | ||
| Q1 24 | $26.0B | — |
负债/权益比CECSTM
| Q4 25 | 2.81× | 2.00× | ||
| Q3 25 | 2.95× | 2.34× | ||
| Q2 25 | 2.41× | 2.53× | ||
| Q1 25 | 2.39× | 2.56× | ||
| Q4 24 | 2.14× | — | ||
| Q3 24 | 1.56× | — | ||
| Q2 24 | 1.54× | — | ||
| Q1 24 | 1.56× | — |
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 | $252.0M | $218.0M |
| 自由现金流经营现金流 - 资本支出 | $168.0M | $109.0M |
| 自由现金流率自由现金流/营收 | 7.6% | 5.0% |
| 资本支出强度资本支出/营收 | 3.8% | 5.0% |
| 现金转化率经营现金流/净利润 | 18.00× | 1.95× |
| 过去12个月自由现金流最近4个季度 | $803.0M | $159.0M |
8季度趋势，按日历期对齐
经营现金流CECSTM
| Q4 25 | $252.0M | $218.0M | ||
| Q3 25 | $447.0M | $99.0M | ||
| Q2 25 | $410.0M | $114.0M | ||
| Q1 25 | $37.0M | $58.0M | ||
| Q4 24 | $494.0M | — | ||
| Q3 24 | $79.0M | — | ||
| Q2 24 | $292.0M | $138.0M | ||
| Q1 24 | $101.0M | — |
自由现金流CECSTM
| Q4 25 | $168.0M | $109.0M | ||
| Q3 25 | $383.0M | $24.0M | ||
| Q2 25 | $317.0M | $37.0M | ||
| Q1 25 | $-65.0M | $-11.0M | ||
| Q4 24 | $389.0M | — | ||
| Q3 24 | $-9.0M | — | ||
| Q2 24 | $187.0M | $54.0M | ||
| Q1 24 | $-36.0M | — |
自由现金流率CECSTM
| Q4 25 | 7.6% | 5.0% | ||
| Q3 25 | 15.8% | 1.1% | ||
| Q2 25 | 12.5% | 1.8% | ||
| Q1 25 | -2.7% | -0.6% | ||
| Q4 24 | 16.4% | — | ||
| Q3 24 | -0.3% | — | ||
| Q2 24 | 7.1% | 2.8% | ||
| Q1 24 | -1.4% | — |
资本支出强度CECSTM
| Q4 25 | 3.8% | 5.0% | ||
| Q3 25 | 2.6% | 3.5% | ||
| Q2 25 | 3.7% | 3.7% | ||
| Q1 25 | 4.3% | 3.5% | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 3.3% | — | ||
| Q2 24 | 4.0% | 4.3% | ||
| Q1 24 | 5.2% | — |
现金转化率CECSTM
| Q4 25 | 18.00× | 1.95× | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | 2.06× | 3.17× | ||
| Q1 25 | — | 1.57× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.68× | — | ||
| Q2 24 | 1.88× | 1.82× | ||
| Q1 24 | 0.83× | — |
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
CE
| Engineered Materials | $1.3B | 58% |
| Acetyl Chain | $940.0M | 43% |
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% |
