vs
CONSTELLIUM SE（CSTM）与哈特福德（HIG）财务数据对比。点击上方公司名可切换其他公司
哈特福德的季度营收约是CONSTELLIUM SE的1.8倍（$4.1B vs $2.2B），哈特福德净利率更高（13.2% vs 5.1%，领先8.1%）
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。
哈特福德（The Hartford）是美国头部保险企业，位列2024年《财富》世界500强第162位，总部位于康涅狄格州哈特福德市。集团拥有200余年行业经验，在财产意外险、员工福利及共同基金领域处于领先地位，凭借优质服务、可持续运营与诚信经营广受认可。
CSTM vs HIG — 直观对比
营收规模更大
HIG
是对方的1.8倍
$2.2B
净利率更高
HIG
高出8.1%
5.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $4.1B |
| 净利润 | $112.0M | $536.0M |
| 毛利率 | — | — |
| 营业利润率 | 7.5% | — |
| 净利率 | 5.1% | 13.2% |
| 营收同比 | — | -43.7% |
| 净利润同比 | — | 12.0% |
| 每股收益（稀释后） | $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CSTMHIG
| Q1 26 | — | $4.1B | ||
| Q4 25 | $2.2B | $7.3B | ||
| Q3 25 | $2.2B | $7.2B | ||
| Q2 25 | $2.1B | $7.0B | ||
| Q1 25 | $2.0B | $6.8B | ||
| Q4 24 | — | $6.9B | ||
| Q3 24 | — | $6.8B | ||
| Q2 24 | $1.9B | $6.5B |
净利润CSTMHIG
| Q1 26 | — | $536.0M | ||
| Q4 25 | $112.0M | — | ||
| Q3 25 | $88.0M | $1.1B | ||
| Q2 25 | $36.0M | $995.0M | ||
| Q1 25 | $37.0M | $630.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $767.0M | ||
| Q2 24 | $76.0M | $738.0M |
营业利润率CSTMHIG
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | 19.3% | ||
| Q3 25 | 5.8% | 18.2% | ||
| Q2 25 | 2.7% | 17.8% | ||
| Q1 25 | 3.1% | 11.5% | ||
| Q4 24 | — | 15.6% | ||
| Q3 24 | — | 14.1% | ||
| Q2 24 | 5.4% | 14.1% |
净利率CSTMHIG
| Q1 26 | — | 13.2% | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.1% | 14.9% | ||
| Q2 25 | 1.7% | 14.2% | ||
| Q1 25 | 1.9% | 9.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 11.4% | ||
| Q2 24 | 3.9% | 11.4% |
每股收益（稀释后）CSTMHIG
| Q1 26 | — | — | ||
| Q4 25 | $0.79 | $3.96 | ||
| Q3 25 | $0.62 | $3.77 | ||
| Q2 25 | $0.25 | $3.44 | ||
| Q1 25 | $0.26 | $2.15 | ||
| Q4 24 | — | $2.88 | ||
| Q3 24 | — | $2.56 | ||
| Q2 24 | $0.51 | $2.44 |
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 | $1.7M |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $952.0M | $16.8M |
| 总资产 | $5.4B | $86.3M |
| 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CSTMHIG
| Q1 26 | — | $1.7M | ||
| Q4 25 | $120.0M | — | ||
| Q3 25 | $122.0M | — | ||
| Q2 25 | $133.0M | — | ||
| Q1 25 | $118.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务CSTMHIG
| Q1 26 | — | — | ||
| Q4 25 | $1.9B | $4.4B | ||
| Q3 25 | $2.0B | $4.4B | ||
| Q2 25 | $2.0B | $4.4B | ||
| Q1 25 | $1.9B | $4.4B | ||
| Q4 24 | — | $4.4B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | — | $4.4B |
股东权益CSTMHIG
| Q1 26 | — | $16.8M | ||
| Q4 25 | $952.0M | $19.0B | ||
| Q3 25 | $845.0M | $18.4B | ||
| Q2 25 | $780.0M | $17.5B | ||
| Q1 25 | $745.0M | $16.8B | ||
| Q4 24 | — | $16.4B | ||
| Q3 24 | — | $17.0B | ||
| Q2 24 | $796.0M | $15.7B |
总资产CSTMHIG
| Q1 26 | — | $86.3M | ||
| Q4 25 | $5.4B | $86.0B | ||
| Q3 25 | $5.4B | $85.0B | ||
| Q2 25 | $5.4B | $83.6B | ||
| Q1 25 | $5.2B | $82.3B | ||
| Q4 24 | — | $80.9B | ||
| Q3 24 | — | $81.2B | ||
| Q2 24 | — | $79.0B |
负债/权益比CSTMHIG
| Q1 26 | — | — | ||
| Q4 25 | 2.00× | 0.23× | ||
| Q3 25 | 2.34× | 0.24× | ||
| Q2 25 | 2.53× | 0.25× | ||
| Q1 25 | 2.56× | 0.26× | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | — | 0.26× | ||
| Q2 24 | — | 0.28× |
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 | — |
| 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× | — |
| 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CSTMHIG
| Q1 26 | — | — | ||
| Q4 25 | $218.0M | $5.9B | ||
| Q3 25 | $99.0M | $1.8B | ||
| Q2 25 | $114.0M | $1.3B | ||
| Q1 25 | $58.0M | $985.0M | ||
| Q4 24 | — | $5.9B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | $138.0M | $1.3B |
自由现金流CSTMHIG
| Q1 26 | — | — | ||
| Q4 25 | $109.0M | $5.8B | ||
| Q3 25 | $24.0M | $1.8B | ||
| Q2 25 | $37.0M | $1.3B | ||
| Q1 25 | $-11.0M | $947.0M | ||
| Q4 24 | — | $5.8B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | $54.0M | $1.2B |
自由现金流率CSTMHIG
| Q1 26 | — | — | ||
| Q4 25 | 5.0% | 78.4% | ||
| Q3 25 | 1.1% | 24.8% | ||
| Q2 25 | 1.8% | 17.9% | ||
| Q1 25 | -0.6% | 13.9% | ||
| Q4 24 | — | 83.8% | ||
| Q3 24 | — | 24.0% | ||
| Q2 24 | 2.8% | 18.5% |
资本支出强度CSTMHIG
| Q1 26 | — | — | ||
| Q4 25 | 5.0% | 2.3% | ||
| Q3 25 | 3.5% | 0.6% | ||
| Q2 25 | 3.7% | 0.6% | ||
| Q1 25 | 3.5% | 0.6% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | 4.3% | 0.9% |
现金转化率CSTMHIG
| Q1 26 | — | — | ||
| Q4 25 | 1.95× | — | ||
| Q3 25 | 1.13× | 1.70× | ||
| Q2 25 | 3.17× | 1.30× | ||
| Q1 25 | 1.57× | 1.56× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.19× | ||
| Q2 24 | 1.82× | 1.71× |
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% |
HIG
| Earned premiums | $3.6B | 88% |
| Other | $486.0M | 12% |
| Fee income | $12.0M | 0% |
