vs
CONSTELLIUM SE（CSTM）与MPLX LP（MPLX）财务数据对比。点击上方公司名可切换其他公司
MPLX LP的季度营收约是CONSTELLIUM SE的1.1倍（$2.5B vs $2.2B），MPLX LP净利率更高（49.1% vs 5.1%，领先44.0%），MPLX LP自由现金流更多（$782.0M 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。
MPLX LP旗下子公司MarkWest Energy Partners是美国业主有限合伙企业，主营天然气收集、加工及运输业务。该公司1988年成立于科罗拉多州丹佛市，曾发展为科罗拉多州第13大企业，2015年被马拉松石油旗下的MPLX收购。
CSTM vs MPLX — 直观对比
营收规模更大
MPLX
是对方的1.1倍
$2.2B
净利率更高
MPLX
高出44.0%
5.1%
自由现金流更多
MPLX
多$673.0M
$109.0M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $2.5B |
| 净利润 | $112.0M | $1.2B |
| 毛利率 | — | — |
| 营业利润率 | 7.5% | 60.5% |
| 净利率 | 5.1% | 49.1% |
| 营收同比 | — | 1.4% |
| 净利润同比 | — | 8.5% |
| 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CSTMMPLX
| Q4 25 | $2.2B | $2.5B | ||
| Q3 25 | $2.2B | $2.5B | ||
| Q2 25 | $2.1B | $2.4B | ||
| Q1 25 | $2.0B | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | $1.9B | $2.3B | ||
| Q1 24 | — | $2.2B |
净利润CSTMMPLX
| Q4 25 | $112.0M | $1.2B | ||
| Q3 25 | $88.0M | $1.6B | ||
| Q2 25 | $36.0M | $1.1B | ||
| Q1 25 | $37.0M | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | $76.0M | $1.2B | ||
| Q1 24 | — | $1.0B |
营业利润率CSTMMPLX
| Q4 25 | 7.5% | 60.5% | ||
| Q3 25 | 5.8% | 73.2% | ||
| Q2 25 | 2.7% | 54.9% | ||
| Q1 25 | 3.1% | 55.5% | ||
| Q4 24 | — | 55.6% | ||
| Q3 24 | — | 54.4% | ||
| Q2 24 | 5.4% | 62.9% | ||
| Q1 24 | — | 57.6% |
净利率CSTMMPLX
| Q4 25 | 5.1% | 49.1% | ||
| Q3 25 | 4.1% | 63.2% | ||
| Q2 25 | 1.7% | 44.9% | ||
| Q1 25 | 1.9% | 46.2% | ||
| Q4 24 | — | 45.9% | ||
| Q3 24 | — | 44.6% | ||
| Q2 24 | 3.9% | 52.6% | ||
| Q1 24 | — | 46.7% |
每股收益（稀释后）CSTMMPLX
| Q4 25 | $0.79 | — | ||
| Q3 25 | $0.62 | — | ||
| Q2 25 | $0.25 | — | ||
| Q1 25 | $0.26 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $0.51 | — | ||
| Q1 24 | — | — |
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 | $2.1B |
| 总债务越低越好 | $1.9B | $24.2B |
| 股东权益账面价值 | $952.0M | — |
| 总资产 | $5.4B | $43.0B |
| 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CSTMMPLX
| Q4 25 | $120.0M | $2.1B | ||
| Q3 25 | $122.0M | $1.8B | ||
| Q2 25 | $133.0M | $1.4B | ||
| Q1 25 | $118.0M | $2.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.5B | ||
| Q1 24 | — | $385.0M |
总债务CSTMMPLX
| Q4 25 | $1.9B | $24.2B | ||
| Q3 25 | $2.0B | $24.1B | ||
| Q2 25 | $2.0B | $19.7B | ||
| Q1 25 | $1.9B | $19.7B | ||
| Q4 24 | — | $19.3B | ||
| Q3 24 | — | $19.3B | ||
| Q2 24 | — | $19.2B | ||
| Q1 24 | — | $18.8B |
股东权益CSTMMPLX
| Q4 25 | $952.0M | — | ||
| Q3 25 | $845.0M | — | ||
| Q2 25 | $780.0M | — | ||
| Q1 25 | $745.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $796.0M | — | ||
| Q1 24 | — | — |
总资产CSTMMPLX
| Q4 25 | $5.4B | $43.0B | ||
| Q3 25 | $5.4B | $43.2B | ||
| Q2 25 | $5.4B | $37.8B | ||
| Q1 25 | $5.2B | $39.0B | ||
| Q4 24 | — | $37.5B | ||
| Q3 24 | — | $38.5B | ||
| Q2 24 | — | $38.4B | ||
| Q1 24 | — | $36.5B |
负债/权益比CSTMMPLX
| 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 | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $109.0M | $782.0M |
| 自由现金流率自由现金流/营收 | 5.0% | 31.9% |
| 资本支出强度资本支出/营收 | 5.0% | 29.1% |
| 现金转化率经营现金流/净利润 | 1.95× | 1.24× |
| 过去12个月自由现金流最近4个季度 | $159.0M | $4.1B |
8季度趋势，按日历期对齐
经营现金流CSTMMPLX
| Q4 25 | $218.0M | $1.5B | ||
| Q3 25 | $99.0M | $1.4B | ||
| Q2 25 | $114.0M | $1.7B | ||
| Q1 25 | $58.0M | $1.2B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | $138.0M | $1.6B | ||
| Q1 24 | — | $1.3B |
自由现金流CSTMMPLX
| Q4 25 | $109.0M | $782.0M | ||
| Q3 25 | $24.0M | $905.0M | ||
| Q2 25 | $37.0M | $1.4B | ||
| Q1 25 | $-11.0M | $979.0M | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | $54.0M | $1.4B | ||
| Q1 24 | — | $1.0B |
自由现金流率CSTMMPLX
| Q4 25 | 5.0% | 31.9% | ||
| Q3 25 | 1.1% | 36.8% | ||
| Q2 25 | 1.8% | 60.9% | ||
| Q1 25 | -0.6% | 39.8% | ||
| Q4 24 | — | 56.6% | ||
| Q3 24 | — | 48.4% | ||
| Q2 24 | 2.8% | 60.0% | ||
| Q1 24 | — | 47.7% |
资本支出强度CSTMMPLX
| Q4 25 | 5.0% | 29.1% | ||
| Q3 25 | 3.5% | 21.4% | ||
| Q2 25 | 3.7% | 12.8% | ||
| Q1 25 | 3.5% | 10.9% | ||
| Q4 24 | — | 12.7% | ||
| Q3 24 | — | 11.9% | ||
| Q2 24 | 4.3% | 9.4% | ||
| Q1 24 | — | 11.7% |
现金转化率CSTMMPLX
| Q4 25 | 1.95× | 1.24× | ||
| Q3 25 | 1.13× | 0.92× | ||
| Q2 25 | 3.17× | 1.64× | ||
| Q1 25 | 1.57× | 1.10× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | — | 1.35× | ||
| Q2 24 | 1.82× | 1.32× | ||
| Q1 24 | — | 1.27× |
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% |
MPLX
| Services | $746.0M | 30% |
| Other | $675.0M | 28% |
| Products | $492.0M | 20% |
| Nonrelated Party | $186.0M | 8% |
| Related Party | $151.0M | 6% |
| Crude Oil And Products Logistics | $104.0M | 4% |
| Service Other | $56.0M | 2% |
| Natural Gas And NGL Services | $41.0M | 2% |
