vs
CONSTELLIUM SE（CSTM）与罗技（LOGI）财务数据对比。点击上方公司名可切换其他公司
CONSTELLIUM SE的季度营收约是罗技的1.5倍（$2.2B vs $1.4B），罗技净利率更高（17.7% vs 5.1%，领先12.6%），罗技自由现金流更多（$465.6M vs $109.0M）
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。
罗技国际是总部位于瑞士洛桑的跨国企业，专注于计算机外设及相关软件的研发与生产，在欧洲、亚洲、大洋洲、美洲均设有分支机构，为瑞士市场指数成分股，同时在纳斯达克交易所挂牌上市。
CSTM vs LOGI — 直观对比
营收规模更大
CSTM
是对方的1.5倍
$1.4B
净利率更高
LOGI
高出12.6%
5.1%
自由现金流更多
LOGI
多$356.6M
$109.0M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.4B |
| 净利润 | $112.0M | $251.0M |
| 毛利率 | — | 43.2% |
| 营业利润率 | 7.5% | 20.1% |
| 净利率 | 5.1% | 17.7% |
| 营收同比 | — | 6.1% |
| 净利润同比 | — | 25.4% |
| 每股收益（稀释后） | $0.79 | $1.69 |
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CSTMLOGI
| Q4 25 | $2.2B | $1.4B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $2.1B | $1.1B | ||
| Q1 25 | $2.0B | $1.0B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | $1.9B | $1.1B | ||
| Q1 24 | — | $1.0B |
净利润CSTMLOGI
| Q4 25 | $112.0M | $251.0M | ||
| Q3 25 | $88.0M | $170.7M | ||
| Q2 25 | $36.0M | $146.0M | ||
| Q1 25 | $37.0M | $144.1M | ||
| Q4 24 | — | $200.1M | ||
| Q3 24 | — | $145.5M | ||
| Q2 24 | $76.0M | $141.8M | ||
| Q1 24 | — | $167.6M |
毛利率CSTMLOGI
| Q4 25 | — | 43.2% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 41.7% | ||
| Q1 25 | — | 43.1% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 43.6% | ||
| Q2 24 | — | 42.8% | ||
| Q1 24 | — | 43.2% |
营业利润率CSTMLOGI
| Q4 25 | 7.5% | 20.1% | ||
| Q3 25 | 5.8% | 16.1% | ||
| Q2 25 | 2.7% | 14.1% | ||
| Q1 25 | 3.1% | 10.5% | ||
| Q4 24 | — | 17.5% | ||
| Q3 24 | — | 14.4% | ||
| Q2 24 | 5.4% | 14.1% | ||
| Q1 24 | — | 12.9% |
净利率CSTMLOGI
| Q4 25 | 5.1% | 17.7% | ||
| Q3 25 | 4.1% | 14.4% | ||
| Q2 25 | 1.7% | 12.7% | ||
| Q1 25 | 1.9% | 14.3% | ||
| Q4 24 | — | 14.9% | ||
| Q3 24 | — | 13.0% | ||
| Q2 24 | 3.9% | 13.0% | ||
| Q1 24 | — | 16.6% |
每股收益（稀释后）CSTMLOGI
| Q4 25 | $0.79 | $1.69 | ||
| Q3 25 | $0.62 | $1.15 | ||
| Q2 25 | $0.25 | $0.98 | ||
| Q1 25 | $0.26 | $0.94 | ||
| Q4 24 | — | $1.32 | ||
| Q3 24 | — | $0.95 | ||
| Q2 24 | $0.51 | $0.92 | ||
| Q1 24 | — | $1.07 |
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 | $1.8B |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $952.0M | $2.3B |
| 总资产 | $5.4B | $4.1B |
| 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CSTMLOGI
| Q4 25 | $120.0M | $1.8B | ||
| Q3 25 | $122.0M | $1.4B | ||
| Q2 25 | $133.0M | $1.5B | ||
| Q1 25 | $118.0M | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.5B |
总债务CSTMLOGI
| Q4 25 | $1.9B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CSTMLOGI
| Q4 25 | $952.0M | $2.3B | ||
| Q3 25 | $845.0M | $2.1B | ||
| Q2 25 | $780.0M | $2.2B | ||
| Q1 25 | $745.0M | $2.1B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | $796.0M | $2.2B | ||
| Q1 24 | — | $2.2B |
总资产CSTMLOGI
| Q4 25 | $5.4B | $4.1B | ||
| Q3 25 | $5.4B | $3.7B | ||
| Q2 25 | $5.4B | $3.7B | ||
| Q1 25 | $5.2B | $3.5B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.7B | ||
| Q1 24 | — | $3.6B |
负债/权益比CSTMLOGI
| Q4 25 | 2.00× | — | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | 2.53× | — | ||
| Q1 25 | 2.56× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $480.5M |
| 自由现金流经营现金流 - 资本支出 | $109.0M | $465.6M |
| 自由现金流率自由现金流/营收 | 5.0% | 32.8% |
| 资本支出强度资本支出/营收 | 5.0% | 1.0% |
| 现金转化率经营现金流/净利润 | 1.95× | 1.91× |
| 过去12个月自由现金流最近4个季度 | $159.0M | $903.6M |
8季度趋势，按日历期对齐
经营现金流CSTMLOGI
| Q4 25 | $218.0M | $480.5M | ||
| Q3 25 | $99.0M | $228.8M | ||
| Q2 25 | $114.0M | $125.0M | ||
| Q1 25 | $58.0M | $129.7M | ||
| Q4 24 | — | $370.9M | ||
| Q3 24 | — | $166.0M | ||
| Q2 24 | $138.0M | $176.0M | ||
| Q1 24 | — | $239.1M |
自由现金流CSTMLOGI
| Q4 25 | $109.0M | $465.6M | ||
| Q3 25 | $24.0M | $212.3M | ||
| Q2 25 | $37.0M | $108.8M | ||
| Q1 25 | $-11.0M | $116.9M | ||
| Q4 24 | — | $356.6M | ||
| Q3 24 | — | $151.5M | ||
| Q2 24 | $54.0M | $161.4M | ||
| Q1 24 | — | $228.8M |
自由现金流率CSTMLOGI
| Q4 25 | 5.0% | 32.8% | ||
| Q3 25 | 1.1% | 17.9% | ||
| Q2 25 | 1.8% | 9.5% | ||
| Q1 25 | -0.6% | 11.6% | ||
| Q4 24 | — | 26.6% | ||
| Q3 24 | — | 13.6% | ||
| Q2 24 | 2.8% | 14.8% | ||
| Q1 24 | — | 22.6% |
资本支出强度CSTMLOGI
| Q4 25 | 5.0% | 1.0% | ||
| Q3 25 | 3.5% | 1.4% | ||
| Q2 25 | 3.7% | 1.4% | ||
| Q1 25 | 3.5% | 1.3% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | 4.3% | 1.3% | ||
| Q1 24 | — | 1.0% |
现金转化率CSTMLOGI
| Q4 25 | 1.95× | 1.91× | ||
| Q3 25 | 1.13× | 1.34× | ||
| Q2 25 | 3.17× | 0.86× | ||
| Q1 25 | 1.57× | 0.90× | ||
| Q4 24 | — | 1.85× | ||
| Q3 24 | — | 1.14× | ||
| Q2 24 | 1.82× | 1.24× | ||
| Q1 24 | — | 1.43× |
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% |
LOGI
| Retail Gaming | $482.7M | 34% |
| Retail Keyboards Desktops | $254.6M | 18% |
| Retail Pointing Devices | $241.2M | 17% |
| Retail Video Collaboration | $193.3M | 14% |
| Retail Tablet And Other Accessories | $93.6M | 7% |
| Retail Webcams | $82.3M | 6% |
| Retail Headsets | $45.9M | 3% |
| Other Retail Products | $28.0M | 2% |
