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CONSTELLIUM SE（CSTM）与Rivian Automotive, Inc.（RIVN）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Rivian Automotive, Inc.的1.7倍（$2.2B vs $1.3B），CONSTELLIUM SE净利率更高（5.1% vs -63.1%，领先68.2%），CONSTELLIUM SE自由现金流更多（$109.0M vs $-1.1B）
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。
Rivian Automotive是2009年成立的美国电动汽车制造商及汽车科技企业，主打基于自研滑板平台打造的电动SUV、皮卡及EDV电动配送货车，旗下R1T皮卡于2021年末正式开启交付，还计划于2023年底前在美国和加拿大布局专属充电网络，其平台可适配新车型也可对外授权使用。
CSTM vs RIVN — 直观对比
营收规模更大
CSTM
是对方的1.7倍
$1.3B
净利率更高
CSTM
高出68.2%
-63.1%
自由现金流更多
CSTM
多$1.3B
$-1.1B
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.3B |
| 净利润 | $112.0M | $-811.0M |
| 毛利率 | — | 9.3% |
| 营业利润率 | 7.5% | -64.8% |
| 净利率 | 5.1% | -63.1% |
| 营收同比 | — | -25.8% |
| 净利润同比 | — | -9.0% |
| 每股收益（稀释后） | $0.79 | $-0.66 |
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CSTMRIVN
| Q4 25 | $2.2B | $1.3B | ||
| Q3 25 | $2.2B | $1.6B | ||
| Q2 25 | $2.1B | $1.3B | ||
| Q1 25 | $2.0B | $1.2B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $874.0M | ||
| Q2 24 | $1.9B | $1.2B | ||
| Q1 24 | — | $1.2B |
净利润CSTMRIVN
| Q4 25 | $112.0M | $-811.0M | ||
| Q3 25 | $88.0M | $-1.2B | ||
| Q2 25 | $36.0M | $-1.1B | ||
| Q1 25 | $37.0M | $-545.0M | ||
| Q4 24 | — | $-744.0M | ||
| Q3 24 | — | $-1.1B | ||
| Q2 24 | $76.0M | $-1.5B | ||
| Q1 24 | — | $-1.4B |
毛利率CSTMRIVN
| Q4 25 | — | 9.3% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | -15.8% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 9.8% | ||
| Q3 24 | — | -44.9% | ||
| Q2 24 | — | -38.9% | ||
| Q1 24 | — | -43.8% |
营业利润率CSTMRIVN
| Q4 25 | 7.5% | -64.8% | ||
| Q3 25 | 5.8% | -63.1% | ||
| Q2 25 | 2.7% | -85.5% | ||
| Q1 25 | 3.1% | -52.8% | ||
| Q4 24 | — | -38.1% | ||
| Q3 24 | — | -133.8% | ||
| Q2 24 | 5.4% | -118.7% | ||
| Q1 24 | — | -123.3% |
净利率CSTMRIVN
| Q4 25 | 5.1% | -63.1% | ||
| Q3 25 | 4.1% | -75.3% | ||
| Q2 25 | 1.7% | -85.7% | ||
| Q1 25 | 1.9% | -44.0% | ||
| Q4 24 | — | -42.9% | ||
| Q3 24 | — | -125.9% | ||
| Q2 24 | 3.9% | -125.8% | ||
| Q1 24 | — | -120.1% |
每股收益（稀释后）CSTMRIVN
| Q4 25 | $0.79 | $-0.66 | ||
| Q3 25 | $0.62 | $-0.96 | ||
| Q2 25 | $0.25 | $-0.97 | ||
| Q1 25 | $0.26 | $-0.48 | ||
| Q4 24 | — | $-0.67 | ||
| Q3 24 | — | $-1.08 | ||
| Q2 24 | $0.51 | $-1.46 | ||
| Q1 24 | — | $-1.48 |
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 | $6.1B |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $952.0M | $4.6B |
| 总资产 | $5.4B | $14.9B |
| 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CSTMRIVN
| Q4 25 | $120.0M | $6.1B | ||
| Q3 25 | $122.0M | $7.1B | ||
| Q2 25 | $133.0M | $7.5B | ||
| Q1 25 | $118.0M | $7.2B | ||
| Q4 24 | — | $7.7B | ||
| Q3 24 | — | $6.7B | ||
| Q2 24 | — | $7.9B | ||
| Q1 24 | — | $7.9B |
总债务CSTMRIVN
| Q4 25 | $1.9B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $5.5B | ||
| Q1 24 | — | $4.4B |
股东权益CSTMRIVN
| Q4 25 | $952.0M | $4.6B | ||
| Q3 25 | $845.0M | $5.1B | ||
| Q2 25 | $780.0M | $6.1B | ||
| Q1 25 | $745.0M | $6.2B | ||
| Q4 24 | — | $6.6B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | $796.0M | $6.8B | ||
| Q1 24 | — | $8.1B |
总资产CSTMRIVN
| Q4 25 | $5.4B | $14.9B | ||
| Q3 25 | $5.4B | $15.2B | ||
| Q2 25 | $5.4B | $15.6B | ||
| Q1 25 | $5.2B | $15.5B | ||
| Q4 24 | — | $15.4B | ||
| Q3 24 | — | $14.3B | ||
| Q2 24 | — | $15.4B | ||
| Q1 24 | — | $15.7B |
负债/权益比CSTMRIVN
| Q4 25 | 2.00× | — | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | 2.53× | — | ||
| Q1 25 | 2.56× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.81× | ||
| Q1 24 | — | 0.55× |
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 | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $109.0M | $-1.1B |
| 自由现金流率自由现金流/营收 | 5.0% | -89.0% |
| 资本支出强度资本支出/营收 | 5.0% | 36.0% |
| 现金转化率经营现金流/净利润 | 1.95× | — |
| 过去12个月自由现金流最近4个季度 | $159.0M | $-2.5B |
8季度趋势，按日历期对齐
经营现金流CSTMRIVN
| Q4 25 | $218.0M | $-681.0M | ||
| Q3 25 | $99.0M | $26.0M | ||
| Q2 25 | $114.0M | $64.0M | ||
| Q1 25 | $58.0M | $-188.0M | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $-876.0M | ||
| Q2 24 | $138.0M | $-754.0M | ||
| Q1 24 | — | $-1.3B |
自由现金流CSTMRIVN
| Q4 25 | $109.0M | $-1.1B | ||
| Q3 25 | $24.0M | $-421.0M | ||
| Q2 25 | $37.0M | $-398.0M | ||
| Q1 25 | $-11.0M | $-526.0M | ||
| Q4 24 | — | $856.0M | ||
| Q3 24 | — | $-1.2B | ||
| Q2 24 | $54.0M | $-1.0B | ||
| Q1 24 | — | $-1.5B |
自由现金流率CSTMRIVN
| Q4 25 | 5.0% | -89.0% | ||
| Q3 25 | 1.1% | -27.0% | ||
| Q2 25 | 1.8% | -30.5% | ||
| Q1 25 | -0.6% | -42.4% | ||
| Q4 24 | — | 49.4% | ||
| Q3 24 | — | -131.9% | ||
| Q2 24 | 2.8% | -89.6% | ||
| Q1 24 | — | -126.5% |
资本支出强度CSTMRIVN
| Q4 25 | 5.0% | 36.0% | ||
| Q3 25 | 3.5% | 28.7% | ||
| Q2 25 | 3.7% | 35.5% | ||
| Q1 25 | 3.5% | 27.3% | ||
| Q4 24 | — | 18.9% | ||
| Q3 24 | — | 31.7% | ||
| Q2 24 | 4.3% | 24.4% | ||
| Q1 24 | — | 21.1% |
现金转化率CSTMRIVN
| Q4 25 | 1.95× | — | ||
| Q3 25 | 1.13× | — | ||
| Q2 25 | 3.17× | — | ||
| Q1 25 | 1.57× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.82× | — | ||
| 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% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
