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CONSTELLIUM SE（CSTM）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
CONSTELLIUM SE的季度营收约是美泰的1.2倍（$2.2B vs $1.8B），美泰净利率更高（6.0% vs 5.1%，领先0.9%）
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。
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
CSTM vs MAT — 直观对比
营收规模更大
CSTM
是对方的1.2倍
$1.8B
净利率更高
MAT
高出0.9%
5.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.8B |
| 净利润 | $112.0M | $106.2M |
| 毛利率 | — | 45.9% |
| 营业利润率 | 7.5% | 8.0% |
| 净利率 | 5.1% | 6.0% |
| 营收同比 | — | 7.3% |
| 净利润同比 | — | -24.6% |
| 每股收益（稀释后） | $0.79 | $0.32 |
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CSTMMAT
| Q4 25 | $2.2B | $1.8B | ||
| Q3 25 | $2.2B | $1.7B | ||
| Q2 25 | $2.1B | $1.0B | ||
| Q1 25 | $2.0B | $826.6M | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | $1.9B | $1.1B | ||
| Q1 24 | — | $809.5M |
净利润CSTMMAT
| Q4 25 | $112.0M | $106.2M | ||
| Q3 25 | $88.0M | $278.4M | ||
| Q2 25 | $36.0M | $53.4M | ||
| Q1 25 | $37.0M | $-40.3M | ||
| Q4 24 | — | $140.9M | ||
| Q3 24 | — | $372.4M | ||
| Q2 24 | $76.0M | $56.9M | ||
| Q1 24 | — | $-28.3M |
毛利率CSTMMAT
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 50.0% | ||
| Q2 25 | — | 50.9% | ||
| Q1 25 | — | 49.4% | ||
| Q4 24 | — | 50.7% | ||
| Q3 24 | — | 53.1% | ||
| Q2 24 | — | 49.2% | ||
| Q1 24 | — | 48.0% |
营业利润率CSTMMAT
| Q4 25 | 7.5% | 8.0% | ||
| Q3 25 | 5.8% | 21.9% | ||
| Q2 25 | 2.7% | 7.7% | ||
| Q1 25 | 3.1% | -6.4% | ||
| Q4 24 | — | 9.6% | ||
| Q3 24 | — | 26.5% | ||
| Q2 24 | 5.4% | 7.7% | ||
| Q1 24 | — | -4.4% |
净利率CSTMMAT
| Q4 25 | 5.1% | 6.0% | ||
| Q3 25 | 4.1% | 16.0% | ||
| Q2 25 | 1.7% | 5.2% | ||
| Q1 25 | 1.9% | -4.9% | ||
| Q4 24 | — | 8.6% | ||
| Q3 24 | — | 20.2% | ||
| Q2 24 | 3.9% | 5.3% | ||
| Q1 24 | — | -3.5% |
每股收益（稀释后）CSTMMAT
| Q4 25 | $0.79 | $0.32 | ||
| Q3 25 | $0.62 | $0.88 | ||
| Q2 25 | $0.25 | $0.16 | ||
| Q1 25 | $0.26 | $-0.12 | ||
| Q4 24 | — | $0.40 | ||
| Q3 24 | — | $1.09 | ||
| Q2 24 | $0.51 | $0.17 | ||
| Q1 24 | — | $-0.08 |
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 | $1.2B |
| 总债务越低越好 | $1.9B | $2.3B |
| 股东权益账面价值 | $952.0M | $2.2B |
| 总资产 | $5.4B | $6.6B |
| 负债/权益比越低杠杆越低 | 2.00× | 1.04× |
8季度趋势，按日历期对齐
现金及短期投资CSTMMAT
| Q4 25 | $120.0M | $1.2B | ||
| Q3 25 | $122.0M | $691.9M | ||
| Q2 25 | $133.0M | $870.5M | ||
| Q1 25 | $118.0M | $1.2B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $723.5M | ||
| Q2 24 | — | $722.4M | ||
| Q1 24 | — | $1.1B |
总债务CSTMMAT
| Q4 25 | $1.9B | $2.3B | ||
| Q3 25 | $2.0B | $2.3B | ||
| Q2 25 | $2.0B | $2.3B | ||
| Q1 25 | $1.9B | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | — | $2.3B |
股东权益CSTMMAT
| Q4 25 | $952.0M | $2.2B | ||
| Q3 25 | $845.0M | $2.3B | ||
| Q2 25 | $780.0M | $2.2B | ||
| Q1 25 | $745.0M | $2.1B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | $796.0M | $2.0B | ||
| Q1 24 | — | $2.0B |
总资产CSTMMAT
| Q4 25 | $5.4B | $6.6B | ||
| Q3 25 | $5.4B | $6.6B | ||
| Q2 25 | $5.4B | $6.2B | ||
| Q1 25 | $5.2B | $6.2B | ||
| Q4 24 | — | $6.5B | ||
| Q3 24 | — | $6.5B | ||
| Q2 24 | — | $5.9B | ||
| Q1 24 | — | $6.1B |
负债/权益比CSTMMAT
| Q4 25 | 2.00× | 1.04× | ||
| Q3 25 | 2.34× | 1.03× | ||
| Q2 25 | 2.53× | 1.08× | ||
| Q1 25 | 2.56× | 1.10× | ||
| Q4 24 | — | 1.03× | ||
| Q3 24 | — | 1.01× | ||
| Q2 24 | — | 1.18× | ||
| Q1 24 | — | 1.15× |
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 | $796.6M |
| 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× | 7.50× |
| 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CSTMMAT
| Q4 25 | $218.0M | $796.6M | ||
| Q3 25 | $99.0M | $72.0M | ||
| Q2 25 | $114.0M | $-300.1M | ||
| Q1 25 | $58.0M | $24.8M | ||
| Q4 24 | — | $862.1M | ||
| Q3 24 | — | $155.8M | ||
| Q2 24 | $138.0M | $-252.9M | ||
| Q1 24 | — | $35.5M |
自由现金流CSTMMAT
| 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CSTMMAT
| 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CSTMMAT
| 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CSTMMAT
| Q4 25 | 1.95× | 7.50× | ||
| Q3 25 | 1.13× | 0.26× | ||
| Q2 25 | 3.17× | -5.62× | ||
| Q1 25 | 1.57× | — | ||
| Q4 24 | — | 6.12× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | 1.82× | -4.45× | ||
| Q1 24 | — | — |
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% |
MAT
| North America Segment | $1.0B | 58% |
| International Segment | $745.6M | 42% |
