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CONSTELLIUM SE（CSTM）与微芯科技（MCHP）财务数据对比。点击上方公司名可切换其他公司
CONSTELLIUM SE的季度营收约是微芯科技的1.9倍（$2.2B vs $1.2B），微芯科技净利率更高（5.3% vs 5.1%，领先0.2%），微芯科技自由现金流更多（$318.9M 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。
微芯科技（Microchip Technology）是美国知名上市半导体企业，主营微控制器、混合信号芯片、模拟芯片及闪存知识产权（Flash-IP）相关集成电路的研发、生产与销售，产品覆盖工业控制、汽车电子、消费电子、物联网等众多领域，在全球半导体细分市场拥有领先地位。
CSTM vs MCHP — 直观对比
营收规模更大
CSTM
是对方的1.9倍
$1.2B
净利率更高
MCHP
高出0.2%
5.1%
自由现金流更多
MCHP
多$209.9M
$109.0M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.2B |
| 净利润 | $112.0M | $62.7M |
| 毛利率 | — | 59.6% |
| 营业利润率 | 7.5% | 12.8% |
| 净利率 | 5.1% | 5.3% |
| 营收同比 | — | 15.6% |
| 净利润同比 | — | 217.0% |
| 每股收益（稀释后） | $0.79 | $0.06 |
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CSTMMCHP
| Q4 25 | $2.2B | $1.2B | ||
| Q3 25 | $2.2B | $1.1B | ||
| Q2 25 | $2.1B | $1.1B | ||
| Q1 25 | $2.0B | $970.5M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | $1.9B | $1.2B | ||
| Q1 24 | — | $1.3B |
净利润CSTMMCHP
| Q4 25 | $112.0M | $62.7M | ||
| Q3 25 | $88.0M | $41.7M | ||
| Q2 25 | $36.0M | $-18.6M | ||
| Q1 25 | $37.0M | $-154.6M | ||
| Q4 24 | — | $-53.6M | ||
| Q3 24 | — | $78.4M | ||
| Q2 24 | $76.0M | $129.3M | ||
| Q1 24 | — | $154.7M |
毛利率CSTMMCHP
| Q4 25 | — | 59.6% | ||
| Q3 25 | — | 55.9% | ||
| Q2 25 | — | 53.6% | ||
| Q1 25 | — | 51.6% | ||
| Q4 24 | — | 54.7% | ||
| Q3 24 | — | 57.4% | ||
| Q2 24 | — | 59.4% | ||
| Q1 24 | — | 59.6% |
营业利润率CSTMMCHP
| Q4 25 | 7.5% | 12.8% | ||
| Q3 25 | 5.8% | 7.8% | ||
| Q2 25 | 2.7% | 3.0% | ||
| Q1 25 | 3.1% | -10.3% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 12.6% | ||
| Q2 24 | 5.4% | 17.7% | ||
| Q1 24 | — | 19.1% |
净利率CSTMMCHP
| Q4 25 | 5.1% | 5.3% | ||
| Q3 25 | 4.1% | 3.7% | ||
| Q2 25 | 1.7% | -1.7% | ||
| Q1 25 | 1.9% | -15.9% | ||
| Q4 24 | — | -5.2% | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | 3.9% | 10.4% | ||
| Q1 24 | — | 11.7% |
每股收益（稀释后）CSTMMCHP
| Q4 25 | $0.79 | $0.06 | ||
| Q3 25 | $0.62 | $0.03 | ||
| Q2 25 | $0.25 | $-0.09 | ||
| Q1 25 | $0.26 | $-0.29 | ||
| Q4 24 | — | $-0.10 | ||
| Q3 24 | — | $0.14 | ||
| Q2 24 | $0.51 | $0.24 | ||
| Q1 24 | — | $0.29 |
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 | $250.7M |
| 总债务越低越好 | $1.9B | $5.4B |
| 股东权益账面价值 | $952.0M | $6.6B |
| 总资产 | $5.4B | $14.3B |
| 负债/权益比越低杠杆越低 | 2.00× | 0.82× |
8季度趋势，按日历期对齐
现金及短期投资CSTMMCHP
| Q4 25 | $120.0M | $250.7M | ||
| Q3 25 | $122.0M | $236.8M | ||
| Q2 25 | $133.0M | $566.5M | ||
| Q1 25 | $118.0M | $771.7M | ||
| Q4 24 | — | $586.0M | ||
| Q3 24 | — | $286.1M | ||
| Q2 24 | — | $315.1M | ||
| Q1 24 | — | $319.7M |
总债务CSTMMCHP
| Q4 25 | $1.9B | $5.4B | ||
| Q3 25 | $2.0B | $5.4B | ||
| Q2 25 | $2.0B | $5.5B | ||
| Q1 25 | $1.9B | $5.6B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.2B | ||
| Q1 24 | — | $6.0B |
股东权益CSTMMCHP
| Q4 25 | $952.0M | $6.6B | ||
| Q3 25 | $845.0M | $6.7B | ||
| Q2 25 | $780.0M | $6.9B | ||
| Q1 25 | $745.0M | $7.1B | ||
| Q4 24 | — | $6.0B | ||
| Q3 24 | — | $6.3B | ||
| Q2 24 | $796.0M | $6.4B | ||
| Q1 24 | — | $6.7B |
总资产CSTMMCHP
| Q4 25 | $5.4B | $14.3B | ||
| Q3 25 | $5.4B | $14.5B | ||
| Q2 25 | $5.4B | $15.0B | ||
| Q1 25 | $5.2B | $15.4B | ||
| Q4 24 | — | $15.6B | ||
| Q3 24 | — | $15.6B | ||
| Q2 24 | — | $15.8B | ||
| Q1 24 | — | $15.9B |
负债/权益比CSTMMCHP
| Q4 25 | 2.00× | 0.82× | ||
| Q3 25 | 2.34× | 0.80× | ||
| Q2 25 | 2.53× | 0.80× | ||
| Q1 25 | 2.56× | 0.80× | ||
| Q4 24 | — | 1.12× | ||
| Q3 24 | — | 1.02× | ||
| Q2 24 | — | 0.96× | ||
| Q1 24 | — | 0.90× |
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 | $341.4M |
| 自由现金流经营现金流 - 资本支出 | $109.0M | $318.9M |
| 自由现金流率自由现金流/营收 | 5.0% | 26.9% |
| 资本支出强度资本支出/营收 | 5.0% | 1.9% |
| 现金转化率经营现金流/净利润 | 1.95× | 5.44× |
| 过去12个月自由现金流最近4个季度 | $159.0M | $819.9M |
8季度趋势，按日历期对齐
经营现金流CSTMMCHP
| Q4 25 | $218.0M | $341.4M | ||
| Q3 25 | $99.0M | $88.1M | ||
| Q2 25 | $114.0M | $275.6M | ||
| Q1 25 | $58.0M | $205.9M | ||
| Q4 24 | — | $271.5M | ||
| Q3 24 | — | $43.6M | ||
| Q2 24 | $138.0M | $377.1M | ||
| Q1 24 | — | $430.0M |
自由现金流CSTMMCHP
| Q4 25 | $109.0M | $318.9M | ||
| Q3 25 | $24.0M | $51.6M | ||
| Q2 25 | $37.0M | $257.7M | ||
| Q1 25 | $-11.0M | $191.7M | ||
| Q4 24 | — | $253.4M | ||
| Q3 24 | — | $22.8M | ||
| Q2 24 | $54.0M | $304.2M | ||
| Q1 24 | — | $389.9M |
自由现金流率CSTMMCHP
| Q4 25 | 5.0% | 26.9% | ||
| Q3 25 | 1.1% | 4.5% | ||
| Q2 25 | 1.8% | 24.0% | ||
| Q1 25 | -0.6% | 19.8% | ||
| Q4 24 | — | 24.7% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | 2.8% | 24.5% | ||
| Q1 24 | — | 29.4% |
资本支出强度CSTMMCHP
| Q4 25 | 5.0% | 1.9% | ||
| Q3 25 | 3.5% | 3.2% | ||
| Q2 25 | 3.7% | 1.7% | ||
| Q1 25 | 3.5% | 1.5% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | 4.3% | 5.9% | ||
| Q1 24 | — | 3.0% |
现金转化率CSTMMCHP
| Q4 25 | 1.95× | 5.44× | ||
| Q3 25 | 1.13× | 2.11× | ||
| Q2 25 | 3.17× | — | ||
| Q1 25 | 1.57× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.56× | ||
| Q2 24 | 1.82× | 2.92× | ||
| Q1 24 | — | 2.78× |
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% |
MCHP
| Mixed Signal Microcontrollers | $586.5M | 49% |
| Analog | $322.9M | 27% |
| Other Product Line | $276.6M | 23% |
