vs
CONSTELLIUM SE（CSTM）与格罗方德（GFS）财务数据对比。点击上方公司名可切换其他公司
CONSTELLIUM SE的季度营收约是格罗方德的1.3倍（$2.2B vs $1.7B），格罗方德净利率更高（14.8% vs 5.1%，领先9.7%）
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。
格罗方德是跨国半导体代工及设计企业，注册地为开曼群岛，总部位于美国纽约州马耳他。公司2009年3月由AMD制造业务分拆成立，2021年10月完成首次公开募股，阿联酋主权财富基金穆巴达拉投资公司目前仍持有其82%的多数股权。
CSTM vs GFS — 直观对比
营收规模更大
CSTM
是对方的1.3倍
$1.7B
净利率更高
GFS
高出9.7%
5.1%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.7B |
| 净利润 | $112.0M | $249.0M |
| 毛利率 | — | 24.8% |
| 营业利润率 | 7.5% | 11.6% |
| 净利率 | 5.1% | 14.8% |
| 营收同比 | — | -2.9% |
| 净利润同比 | — | 39.9% |
| 每股收益（稀释后） | $0.79 | $0.44 |
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CSTMGFS
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | $1.7B | ||
| Q2 25 | $2.1B | $1.7B | ||
| Q1 25 | $2.0B | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | $1.9B | $1.6B | ||
| Q1 24 | — | $1.5B | ||
| Q3 23 | — | $1.9B |
净利润CSTMGFS
| Q4 25 | $112.0M | — | ||
| Q3 25 | $88.0M | $249.0M | ||
| Q2 25 | $36.0M | $228.0M | ||
| Q1 25 | $37.0M | $211.0M | ||
| Q3 24 | — | $178.0M | ||
| Q2 24 | $76.0M | $155.0M | ||
| Q1 24 | — | $134.0M | ||
| Q3 23 | — | $249.0M |
毛利率CSTMGFS
| Q4 25 | — | — | ||
| Q3 25 | — | 24.8% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 22.4% | ||
| Q3 24 | — | 23.8% | ||
| Q2 24 | — | 24.2% | ||
| Q1 24 | — | 25.4% | ||
| Q3 23 | — | 28.6% |
营业利润率CSTMGFS
| Q4 25 | 7.5% | — | ||
| Q3 25 | 5.8% | 11.6% | ||
| Q2 25 | 2.7% | 11.6% | ||
| Q1 25 | 3.1% | 9.5% | ||
| Q3 24 | — | 10.6% | ||
| Q2 24 | 5.4% | 9.5% | ||
| Q1 24 | — | 9.5% | ||
| Q3 23 | — | 14.1% |
净利率CSTMGFS
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.1% | 14.8% | ||
| Q2 25 | 1.7% | 13.5% | ||
| Q1 25 | 1.9% | 13.3% | ||
| Q3 24 | — | 10.2% | ||
| Q2 24 | 3.9% | 9.5% | ||
| Q1 24 | — | 8.7% | ||
| Q3 23 | — | 13.4% |
每股收益（稀释后）CSTMGFS
| Q4 25 | $0.79 | — | ||
| Q3 25 | $0.62 | $0.44 | ||
| Q2 25 | $0.25 | $0.41 | ||
| Q1 25 | $0.26 | $0.38 | ||
| Q3 24 | — | $0.32 | ||
| Q2 24 | $0.51 | $0.28 | ||
| Q1 24 | — | $0.24 | ||
| Q3 23 | — | $0.45 |
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 | $2.0B |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $952.0M | $11.8B |
| 总资产 | $5.4B | $16.7B |
| 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CSTMGFS
| Q4 25 | $120.0M | — | ||
| Q3 25 | $122.0M | $2.0B | ||
| Q2 25 | $133.0M | $1.8B | ||
| Q1 25 | $118.0M | $1.6B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.2B | ||
| Q1 24 | — | $2.2B | ||
| Q3 23 | — | $1.9B |
总债务CSTMGFS
| Q4 25 | $1.9B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $1.9B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
股东权益CSTMGFS
| Q4 25 | $952.0M | — | ||
| Q3 25 | $845.0M | $11.8B | ||
| Q2 25 | $780.0M | $11.5B | ||
| Q1 25 | $745.0M | $11.1B | ||
| Q3 24 | — | $11.6B | ||
| Q2 24 | $796.0M | $11.3B | ||
| Q1 24 | — | $11.3B | ||
| Q3 23 | — | $10.8B |
总资产CSTMGFS
| Q4 25 | $5.4B | — | ||
| Q3 25 | $5.4B | $16.7B | ||
| Q2 25 | $5.4B | $16.8B | ||
| Q1 25 | $5.2B | $16.5B | ||
| Q3 24 | — | $18.1B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | $17.8B |
负债/权益比CSTMGFS
| Q4 25 | 2.00× | — | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | 2.53× | — | ||
| Q1 25 | 2.56× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
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 | $218.0M | $595.0M |
| 自由现金流经营现金流 - 资本支出 | $109.0M | — |
| 自由现金流率自由现金流/营收 | 5.0% | — |
| 资本支出强度资本支出/营收 | 5.0% | — |
| 现金转化率经营现金流/净利润 | 1.95× | 2.39× |
| 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CSTMGFS
| Q4 25 | $218.0M | — | ||
| Q3 25 | $99.0M | $595.0M | ||
| Q2 25 | $114.0M | $431.0M | ||
| Q1 25 | $58.0M | $331.0M | ||
| Q3 24 | — | $375.0M | ||
| Q2 24 | $138.0M | $402.0M | ||
| Q1 24 | — | $488.0M | ||
| Q3 23 | — | $416.0M |
自由现金流CSTMGFS
| Q4 25 | $109.0M | — | ||
| Q3 25 | $24.0M | — | ||
| Q2 25 | $37.0M | — | ||
| Q1 25 | $-11.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $54.0M | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
自由现金流率CSTMGFS
| Q4 25 | 5.0% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | -0.6% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.8% | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
资本支出强度CSTMGFS
| Q4 25 | 5.0% | — | ||
| Q3 25 | 3.5% | — | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | 3.5% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 4.3% | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
现金转化率CSTMGFS
| Q4 25 | 1.95× | — | ||
| Q3 25 | 1.13× | 2.39× | ||
| Q2 25 | 3.17× | 1.89× | ||
| Q1 25 | 1.57× | 1.57× | ||
| Q3 24 | — | 2.11× | ||
| Q2 24 | 1.82× | 2.59× | ||
| Q1 24 | — | 3.64× | ||
| Q3 23 | — | 1.67× |
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
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% |
GFS
| Smart Mobile Devices | $752.0M | 45% |
| Automotive | $306.0M | 18% |
| Home And Industrial Io T | $258.0M | 15% |
| Goods Or Services Transferred Over Time | $198.0M | 12% |
| Communications Infrastructure Datacenter | $175.0M | 10% |
