vs
CONSTELLIUM SE（CSTM）与Sunrun Inc.（RUN）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Sunrun Inc.的1.9倍（$2.2B vs $1.2B），Sunrun Inc.净利率更高（8.9% vs 5.1%，领先3.8%）
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。
Sunrun Inc.是美国知名的光伏系统及电池储能产品供应商，业务以服务住宅客户为主，2007年成立，总部位于加利福尼亚州旧金山，致力于为家庭用户提供高效的清洁能源解决方案。
CSTM vs RUN — 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
RUN
高出3.8%
5.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.2B |
| 净利润 | $112.0M | $103.6M |
| 毛利率 | — | — |
| 营业利润率 | 7.5% | 8.4% |
| 净利率 | 5.1% | 8.9% |
| 营收同比 | — | 123.5% |
| 净利润同比 | — | 103.7% |
| 每股收益（稀释后） | $0.79 | $0.38 |
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CSTMRUN
| Q4 25 | $2.2B | $1.2B | ||
| Q3 25 | $2.2B | $724.6M | ||
| Q2 25 | $2.1B | $569.3M | ||
| Q1 25 | $2.0B | $504.3M | ||
| Q4 24 | — | $518.5M | ||
| Q3 24 | — | $537.2M | ||
| Q2 24 | $1.9B | $523.9M | ||
| Q1 24 | — | $458.2M |
净利润CSTMRUN
| Q4 25 | $112.0M | $103.6M | ||
| Q3 25 | $88.0M | $16.6M | ||
| Q2 25 | $36.0M | $279.8M | ||
| Q1 25 | $37.0M | $50.0M | ||
| Q4 24 | — | $-2.8B | ||
| Q3 24 | — | $-83.8M | ||
| Q2 24 | $76.0M | $139.1M | ||
| Q1 24 | — | $-87.8M |
营业利润率CSTMRUN
| Q4 25 | 7.5% | 8.4% | ||
| Q3 25 | 5.8% | 0.5% | ||
| Q2 25 | 2.7% | -19.7% | ||
| Q1 25 | 3.1% | -22.8% | ||
| Q4 24 | — | -628.0% | ||
| Q3 24 | — | -23.8% | ||
| Q2 24 | 5.4% | -24.4% | ||
| Q1 24 | — | -40.0% |
净利率CSTMRUN
| Q4 25 | 5.1% | 8.9% | ||
| Q3 25 | 4.1% | 2.3% | ||
| Q2 25 | 1.7% | 49.1% | ||
| Q1 25 | 1.9% | 9.9% | ||
| Q4 24 | — | -542.7% | ||
| Q3 24 | — | -15.6% | ||
| Q2 24 | 3.9% | 26.5% | ||
| Q1 24 | — | -19.2% |
每股收益（稀释后）CSTMRUN
| Q4 25 | $0.79 | $0.38 | ||
| Q3 25 | $0.62 | $0.06 | ||
| Q2 25 | $0.25 | $1.07 | ||
| Q1 25 | $0.26 | $0.20 | ||
| Q4 24 | — | $-12.59 | ||
| Q3 24 | — | $-0.37 | ||
| Q2 24 | $0.51 | $0.55 | ||
| Q1 24 | — | $-0.40 |
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 | — |
| 总债务越低越好 | $1.9B | $14.7B |
| 股东权益账面价值 | $952.0M | $3.1B |
| 总资产 | $5.4B | $22.6B |
| 负债/权益比越低杠杆越低 | 2.00× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资CSTMRUN
| Q4 25 | $120.0M | — | ||
| Q3 25 | $122.0M | — | ||
| Q2 25 | $133.0M | — | ||
| Q1 25 | $118.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务CSTMRUN
| Q4 25 | $1.9B | $14.7B | ||
| Q3 25 | $2.0B | $14.6B | ||
| Q2 25 | $2.0B | $14.0B | ||
| Q1 25 | $1.9B | $13.6B | ||
| Q4 24 | — | $12.9B | ||
| Q3 24 | — | $12.5B | ||
| Q2 24 | — | $12.0B | ||
| Q1 24 | — | $11.1B |
股东权益CSTMRUN
| Q4 25 | $952.0M | $3.1B | ||
| Q3 25 | $845.0M | $3.0B | ||
| Q2 25 | $780.0M | $2.9B | ||
| Q1 25 | $745.0M | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $5.3B | ||
| Q2 24 | $796.0M | $5.4B | ||
| Q1 24 | — | $5.2B |
总资产CSTMRUN
| Q4 25 | $5.4B | $22.6B | ||
| Q3 25 | $5.4B | $22.2B | ||
| Q2 25 | $5.4B | $21.2B | ||
| Q1 25 | $5.2B | $20.4B | ||
| Q4 24 | — | $19.9B | ||
| Q3 24 | — | $22.1B | ||
| Q2 24 | — | $21.4B | ||
| Q1 24 | — | $20.8B |
负债/权益比CSTMRUN
| Q4 25 | 2.00× | 4.69× | ||
| Q3 25 | 2.34× | 4.90× | ||
| Q2 25 | 2.53× | 4.80× | ||
| Q1 25 | 2.56× | 5.19× | ||
| Q4 24 | — | 5.05× | ||
| Q3 24 | — | 2.36× | ||
| Q2 24 | — | 2.23× | ||
| Q1 24 | — | 2.15× |
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 | $96.9M |
| 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× | 0.94× |
| 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CSTMRUN
| Q4 25 | $218.0M | $96.9M | ||
| Q3 25 | $99.0M | $-121.5M | ||
| Q2 25 | $114.0M | $-292.7M | ||
| Q1 25 | $58.0M | $-104.2M | ||
| Q4 24 | — | $-258.4M | ||
| Q3 24 | — | $-156.2M | ||
| Q2 24 | $138.0M | $-208.5M | ||
| Q1 24 | — | $-143.1M |
自由现金流CSTMRUN
| Q4 25 | $109.0M | — | ||
| Q3 25 | $24.0M | — | ||
| Q2 25 | $37.0M | — | ||
| Q1 25 | $-11.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-156.4M | ||
| Q2 24 | $54.0M | — | ||
| Q1 24 | — | — |
自由现金流率CSTMRUN
| Q4 25 | 5.0% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | -0.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -29.1% | ||
| Q2 24 | 2.8% | — | ||
| Q1 24 | — | — |
资本支出强度CSTMRUN
| Q4 25 | 5.0% | — | ||
| Q3 25 | 3.5% | — | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | 3.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | 4.3% | — | ||
| Q1 24 | — | — |
现金转化率CSTMRUN
| Q4 25 | 1.95× | 0.94× | ||
| Q3 25 | 1.13× | -7.33× | ||
| Q2 25 | 3.17× | -1.05× | ||
| Q1 25 | 1.57× | -2.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.82× | -1.50× | ||
| 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% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
