vs
CONSTELLIUM SE（CSTM）与GRAPHIC PACKAGING HOLDING CO（GPK）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GRAPHIC PACKAGING HOLDING CO的1.1倍（$2.2B vs $2.1B），CONSTELLIUM SE净利率更高（5.1% vs 3.4%，领先1.7%）
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。
Graphic Packaging Holding是总部位于美国佐治亚州亚特兰大的世界500强企业，专注于设计和生产商用产品包装解决方案，主营纸板及折叠纸盒业务，产品广泛应用于饮料、包装食品等各类热门消费品领域，在美国多州运营采用回收原料的纸板工厂。
CSTM vs GPK — 直观对比
营收规模更大
CSTM
是对方的1.1倍
$2.1B
净利率更高
CSTM
高出1.7%
3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $2.1B |
| 净利润 | $112.0M | $71.0M |
| 毛利率 | — | 14.1% |
| 营业利润率 | 7.5% | 7.4% |
| 净利率 | 5.1% | 3.4% |
| 营收同比 | — | 0.2% |
| 净利润同比 | — | -48.6% |
| 每股收益（稀释后） | $0.79 | $0.24 |
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CSTMGPK
| Q4 25 | $2.2B | $2.1B | ||
| Q3 25 | $2.2B | $2.2B | ||
| Q2 25 | $2.1B | $2.2B | ||
| Q1 25 | $2.0B | $2.1B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | $1.9B | $2.2B | ||
| Q1 24 | — | $2.3B |
净利润CSTMGPK
| Q4 25 | $112.0M | $71.0M | ||
| Q3 25 | $88.0M | $142.0M | ||
| Q2 25 | $36.0M | $104.0M | ||
| Q1 25 | $37.0M | $127.0M | ||
| Q4 24 | — | $138.0M | ||
| Q3 24 | — | $165.0M | ||
| Q2 24 | $76.0M | $190.0M | ||
| Q1 24 | — | $165.0M |
毛利率CSTMGPK
| Q4 25 | — | 14.1% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 18.7% | ||
| Q1 25 | — | 20.6% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 22.3% | ||
| Q2 24 | — | 21.2% | ||
| Q1 24 | — | 23.0% |
营业利润率CSTMGPK
| Q4 25 | 7.5% | 7.4% | ||
| Q3 25 | 5.8% | 10.7% | ||
| Q2 25 | 2.7% | 8.8% | ||
| Q1 25 | 3.1% | 10.5% | ||
| Q4 24 | — | 11.4% | ||
| Q3 24 | — | 12.6% | ||
| Q2 24 | 5.4% | 14.5% | ||
| Q1 24 | — | 12.4% |
净利率CSTMGPK
| Q4 25 | 5.1% | 3.4% | ||
| Q3 25 | 4.1% | 6.5% | ||
| Q2 25 | 1.7% | 4.7% | ||
| Q1 25 | 1.9% | 6.0% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | 3.9% | 8.5% | ||
| Q1 24 | — | 7.3% |
每股收益（稀释后）CSTMGPK
| Q4 25 | $0.79 | $0.24 | ||
| Q3 25 | $0.62 | $0.48 | ||
| Q2 25 | $0.25 | $0.34 | ||
| Q1 25 | $0.26 | $0.42 | ||
| Q4 24 | — | $0.46 | ||
| Q3 24 | — | $0.55 | ||
| Q2 24 | $0.51 | $0.62 | ||
| Q1 24 | — | $0.53 |
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 | $261.0M |
| 总债务越低越好 | $1.9B | $5.0B |
| 股东权益账面价值 | $952.0M | $3.3B |
| 总资产 | $5.4B | $11.8B |
| 负债/权益比越低杠杆越低 | 2.00× | 1.51× |
8季度趋势，按日历期对齐
现金及短期投资CSTMGPK
| Q4 25 | $120.0M | $261.0M | ||
| Q3 25 | $122.0M | $120.0M | ||
| Q2 25 | $133.0M | $120.0M | ||
| Q1 25 | $118.0M | $129.0M | ||
| Q4 24 | — | $157.0M | ||
| Q3 24 | — | $126.0M | ||
| Q2 24 | — | $125.0M | ||
| Q1 24 | — | $136.0M |
总债务CSTMGPK
| Q4 25 | $1.9B | $5.0B | ||
| Q3 25 | $2.0B | $5.5B | ||
| Q2 25 | $2.0B | $5.4B | ||
| Q1 25 | $1.9B | $5.7B | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | $5.4B | ||
| Q2 24 | — | $4.9B | ||
| Q1 24 | — | $4.9B |
股东权益CSTMGPK
| Q4 25 | $952.0M | $3.3B | ||
| Q3 25 | $845.0M | $3.3B | ||
| Q2 25 | $780.0M | $3.2B | ||
| Q1 25 | $745.0M | $3.2B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $3.0B | ||
| Q2 24 | $796.0M | $2.8B | ||
| Q1 24 | — | $2.9B |
总资产CSTMGPK
| Q4 25 | $5.4B | $11.8B | ||
| Q3 25 | $5.4B | $11.9B | ||
| Q2 25 | $5.4B | $11.8B | ||
| Q1 25 | $5.2B | $11.5B | ||
| Q4 24 | — | $11.1B | ||
| Q3 24 | — | $11.2B | ||
| Q2 24 | — | $10.8B | ||
| Q1 24 | — | $11.3B |
负债/权益比CSTMGPK
| Q4 25 | 2.00× | 1.51× | ||
| Q3 25 | 2.34× | 1.67× | ||
| Q2 25 | 2.53× | 1.68× | ||
| Q1 25 | 2.56× | 1.80× | ||
| Q4 24 | — | 1.71× | ||
| Q3 24 | — | 1.79× | ||
| Q2 24 | — | 1.75× | ||
| Q1 24 | — | 1.73× |
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 | $521.0M |
| 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× | 7.34× |
| 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CSTMGPK
| Q4 25 | $218.0M | $521.0M | ||
| Q3 25 | $99.0M | $227.0M | ||
| Q2 25 | $114.0M | $267.0M | ||
| Q1 25 | $58.0M | $-174.0M | ||
| Q4 24 | — | $489.0M | ||
| Q3 24 | — | $187.0M | ||
| Q2 24 | $138.0M | $161.0M | ||
| Q1 24 | — | $3.0M |
自由现金流CSTMGPK
| Q4 25 | $109.0M | — | ||
| Q3 25 | $24.0M | — | ||
| Q2 25 | $37.0M | — | ||
| Q1 25 | $-11.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $54.0M | — | ||
| Q1 24 | — | — |
自由现金流率CSTMGPK
| Q4 25 | 5.0% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | -0.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.8% | — | ||
| Q1 24 | — | — |
资本支出强度CSTMGPK
| Q4 25 | 5.0% | — | ||
| Q3 25 | 3.5% | — | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | 3.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 4.3% | — | ||
| Q1 24 | — | — |
现金转化率CSTMGPK
| Q4 25 | 1.95× | 7.34× | ||
| Q3 25 | 1.13× | 1.60× | ||
| Q2 25 | 3.17× | 2.57× | ||
| Q1 25 | 1.57× | -1.37× | ||
| Q4 24 | — | 3.54× | ||
| Q3 24 | — | 1.13× | ||
| Q2 24 | 1.82× | 0.85× | ||
| Q1 24 | — | 0.02× |
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% |
GPK
| Americas Paperboard Packaging | $1.4B | 68% |
| Other | $667.0M | 32% |
