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CONSTELLIUM SE（CSTM）与PPL Corporation（PPL）财务数据对比。点击上方公司名可切换其他公司
PPL Corporation的季度营收约是CONSTELLIUM SE的1.1倍（$2.3B vs $2.2B），PPL Corporation净利率更高（11.3% vs 5.1%，领先6.2%），CONSTELLIUM SE自由现金流更多（$109.0M vs $-614.0M）
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。
PPL公司是总部位于美国宾夕法尼亚州的能源公用事业控股企业，为宾州、肯塔基州、罗德岛州约350万居民及工商业用户提供电力与天然气供应服务，核心业务方向包括电网现代化升级、清洁能源转型、高可靠性可持续能源服务供给。
CSTM vs PPL — 直观对比
营收规模更大
PPL
是对方的1.1倍
$2.2B
净利率更高
PPL
高出6.2%
5.1%
自由现金流更多
CSTM
多$723.0M
$-614.0M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $2.3B |
| 净利润 | $112.0M | $266.0M |
| 毛利率 | — | — |
| 营业利润率 | 7.5% | 20.3% |
| 净利率 | 5.1% | 11.3% |
| 营收同比 | — | 7.2% |
| 净利润同比 | — | 50.3% |
| 每股收益（稀释后） | $0.79 | $0.35 |
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CSTMPPL
| Q4 25 | $2.2B | $2.3B | ||
| Q3 25 | $2.2B | $2.2B | ||
| Q2 25 | $2.1B | $2.0B | ||
| Q1 25 | $2.0B | $2.5B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | $1.9B | $1.9B | ||
| Q1 24 | — | $2.3B |
净利润CSTMPPL
| Q4 25 | $112.0M | $266.0M | ||
| Q3 25 | $88.0M | $318.0M | ||
| Q2 25 | $36.0M | $183.0M | ||
| Q1 25 | $37.0M | $414.0M | ||
| Q4 24 | — | $177.0M | ||
| Q3 24 | — | $214.0M | ||
| Q2 24 | $76.0M | $190.0M | ||
| Q1 24 | — | $307.0M |
营业利润率CSTMPPL
| Q4 25 | 7.5% | 20.3% | ||
| Q3 25 | 5.8% | 25.4% | ||
| Q2 25 | 2.7% | 19.9% | ||
| Q1 25 | 3.1% | 26.6% | ||
| Q4 24 | — | 17.2% | ||
| Q3 24 | — | 20.6% | ||
| Q2 24 | 5.4% | 20.8% | ||
| Q1 24 | — | 23.7% |
净利率CSTMPPL
| Q4 25 | 5.1% | 11.3% | ||
| Q3 25 | 4.1% | 14.2% | ||
| Q2 25 | 1.7% | 9.0% | ||
| Q1 25 | 1.9% | 16.3% | ||
| Q4 24 | — | 8.1% | ||
| Q3 24 | — | 10.3% | ||
| Q2 24 | 3.9% | 10.1% | ||
| Q1 24 | — | 13.3% |
每股收益（稀释后）CSTMPPL
| Q4 25 | $0.79 | $0.35 | ||
| Q3 25 | $0.62 | $0.43 | ||
| Q2 25 | $0.25 | $0.25 | ||
| Q1 25 | $0.26 | $0.56 | ||
| Q4 24 | — | $0.23 | ||
| Q3 24 | — | $0.29 | ||
| Q2 24 | $0.51 | $0.26 | ||
| Q1 24 | — | $0.42 |
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 | $1.1B |
| 总债务越低越好 | $1.9B | $18.9B |
| 股东权益账面价值 | $952.0M | $14.9B |
| 总资产 | $5.4B | $45.2B |
| 负债/权益比越低杠杆越低 | 2.00× | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资CSTMPPL
| Q4 25 | $120.0M | $1.1B | ||
| Q3 25 | $122.0M | $1.1B | ||
| Q2 25 | $133.0M | $294.0M | ||
| Q1 25 | $118.0M | $312.0M | ||
| Q4 24 | — | $306.0M | ||
| Q3 24 | — | $542.0M | ||
| Q2 24 | — | $282.0M | ||
| Q1 24 | — | $276.0M |
总债务CSTMPPL
| Q4 25 | $1.9B | $18.9B | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | — | $16.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CSTMPPL
| Q4 25 | $952.0M | $14.9B | ||
| Q3 25 | $845.0M | $14.4B | ||
| Q2 25 | $780.0M | $14.3B | ||
| Q1 25 | $745.0M | $14.3B | ||
| Q4 24 | — | $14.1B | ||
| Q3 24 | — | $14.1B | ||
| Q2 24 | $796.0M | $14.1B | ||
| Q1 24 | — | $14.1B |
总资产CSTMPPL
| Q4 25 | $5.4B | $45.2B | ||
| Q3 25 | $5.4B | $43.9B | ||
| Q2 25 | $5.4B | $42.4B | ||
| Q1 25 | $5.2B | $41.8B | ||
| Q4 24 | — | $41.1B | ||
| Q3 24 | — | $40.5B | ||
| Q2 24 | — | $39.8B | ||
| Q1 24 | — | $39.6B |
负债/权益比CSTMPPL
| Q4 25 | 2.00× | 1.27× | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | 2.53× | — | ||
| Q1 25 | 2.56× | — | ||
| Q4 24 | — | 1.17× | ||
| 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 | $548.0M |
| 自由现金流经营现金流 - 资本支出 | $109.0M | $-614.0M |
| 自由现金流率自由现金流/营收 | 5.0% | -26.1% |
| 资本支出强度资本支出/营收 | 5.0% | 49.5% |
| 现金转化率经营现金流/净利润 | 1.95× | 2.06× |
| 过去12个月自由现金流最近4个季度 | $159.0M | $-1.4B |
8季度趋势，按日历期对齐
经营现金流CSTMPPL
| Q4 25 | $218.0M | $548.0M | ||
| Q3 25 | $99.0M | $966.0M | ||
| Q2 25 | $114.0M | $602.0M | ||
| Q1 25 | $58.0M | $513.0M | ||
| Q4 24 | — | $511.0M | ||
| Q3 24 | — | $781.0M | ||
| Q2 24 | $138.0M | $766.0M | ||
| Q1 24 | — | $282.0M |
自由现金流CSTMPPL
| Q4 25 | $109.0M | $-614.0M | ||
| Q3 25 | $24.0M | $-179.0M | ||
| Q2 25 | $37.0M | $-328.0M | ||
| Q1 25 | $-11.0M | $-280.0M | ||
| Q4 24 | — | $-349.0M | ||
| Q3 24 | — | $102.0M | ||
| Q2 24 | $54.0M | $96.0M | ||
| Q1 24 | — | $-314.0M |
自由现金流率CSTMPPL
| Q4 25 | 5.0% | -26.1% | ||
| Q3 25 | 1.1% | -8.0% | ||
| Q2 25 | 1.8% | -16.1% | ||
| Q1 25 | -0.6% | -11.0% | ||
| Q4 24 | — | -15.9% | ||
| Q3 24 | — | 4.9% | ||
| Q2 24 | 2.8% | 5.1% | ||
| Q1 24 | — | -13.6% |
资本支出强度CSTMPPL
| Q4 25 | 5.0% | 49.5% | ||
| Q3 25 | 3.5% | 51.2% | ||
| Q2 25 | 3.7% | 45.6% | ||
| Q1 25 | 3.5% | 31.2% | ||
| Q4 24 | — | 39.3% | ||
| Q3 24 | — | 32.7% | ||
| Q2 24 | 4.3% | 35.8% | ||
| Q1 24 | — | 25.9% |
现金转化率CSTMPPL
| Q4 25 | 1.95× | 2.06× | ||
| Q3 25 | 1.13× | 3.04× | ||
| Q2 25 | 3.17× | 3.29× | ||
| Q1 25 | 1.57× | 1.24× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | — | 3.65× | ||
| Q2 24 | 1.82× | 4.03× | ||
| Q1 24 | — | 0.92× |
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% |
PPL
| Rhode Island Regulated | $539.0M | 23% |
| Other | $532.0M | 23% |
| Residential | $451.0M | 19% |
| Nonrelated Party | $425.0M | 18% |
| Transmission | $228.0M | 10% |
| Commercial | $117.0M | 5% |
| Wholesale Other | $23.0M | 1% |
| Industrial | $14.0M | 1% |
| Related Party | $13.0M | 1% |
| Wholesale Municipal | $6.0M | 0% |
