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CONSTELLIUM SE（CSTM）与TRINET GROUP, INC.（TNET）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TRINET GROUP, INC.的1.8倍（$2.2B vs $1.2B），CONSTELLIUM SE自由现金流更多（$109.0M vs $43.0M）
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。
TriNet Group, Inc.是一家面向中小企业的专业雇主组织，总部位于加州都柏林，服务员工规模在3至2500人之间的各类机构。可提供薪资管理、健康福利管理服务，还能为客户提供劳动法规合规、风险降低相关咨询，可作为外包人力资源部门为企业分担人事相关事务。
CSTM vs TNET — 直观对比
营收规模更大
CSTM
是对方的1.8倍
$1.2B
自由现金流更多
CSTM
多$66.0M
$43.0M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.2B |
| 净利润 | $112.0M | — |
| 毛利率 | — | — |
| 营业利润率 | 7.5% | 0.1% |
| 净利率 | 5.1% | — |
| 营收同比 | — | -2.2% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $0.79 | $0.02 |
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CSTMTNET
| Q4 25 | $2.2B | $1.2B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $2.1B | $1.2B | ||
| Q1 25 | $2.0B | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | $1.9B | $1.2B | ||
| Q1 24 | — | $1.3B |
净利润CSTMTNET
| Q4 25 | $112.0M | — | ||
| Q3 25 | $88.0M | $34.0M | ||
| Q2 25 | $36.0M | $37.0M | ||
| Q1 25 | $37.0M | $85.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $45.0M | ||
| Q2 24 | $76.0M | $60.0M | ||
| Q1 24 | — | $91.0M |
营业利润率CSTMTNET
| Q4 25 | 7.5% | 0.1% | ||
| Q3 25 | 5.8% | 4.1% | ||
| Q2 25 | 2.7% | 4.1% | ||
| Q1 25 | 3.1% | 8.9% | ||
| Q4 24 | — | -2.9% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | 5.4% | 6.5% | ||
| Q1 24 | — | 9.7% |
净利率CSTMTNET
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.1% | 2.8% | ||
| Q2 25 | 1.7% | 3.0% | ||
| Q1 25 | 1.9% | 6.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.6% | ||
| Q2 24 | 3.9% | 4.9% | ||
| Q1 24 | — | 7.2% |
每股收益（稀释后）CSTMTNET
| Q4 25 | $0.79 | $0.02 | ||
| Q3 25 | $0.62 | $0.70 | ||
| Q2 25 | $0.25 | $0.77 | ||
| Q1 25 | $0.26 | $1.71 | ||
| Q4 24 | — | $-0.44 | ||
| Q3 24 | — | $0.89 | ||
| Q2 24 | $0.51 | $1.20 | ||
| Q1 24 | — | $1.78 |
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 | $287.0M |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $952.0M | $54.0M |
| 总资产 | $5.4B | $3.8B |
| 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CSTMTNET
| Q4 25 | $120.0M | $287.0M | ||
| Q3 25 | $122.0M | $321.0M | ||
| Q2 25 | $133.0M | $407.0M | ||
| Q1 25 | $118.0M | $349.0M | ||
| Q4 24 | — | $360.0M | ||
| Q3 24 | — | $301.0M | ||
| Q2 24 | — | $249.0M | ||
| Q1 24 | — | $383.0M |
总债务CSTMTNET
| Q4 25 | $1.9B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CSTMTNET
| Q4 25 | $952.0M | $54.0M | ||
| Q3 25 | $845.0M | $110.0M | ||
| Q2 25 | $780.0M | $107.0M | ||
| Q1 25 | $745.0M | $63.0M | ||
| Q4 24 | — | $69.0M | ||
| Q3 24 | — | $129.0M | ||
| Q2 24 | $796.0M | $100.0M | ||
| Q1 24 | — | $143.0M |
总资产CSTMTNET
| Q4 25 | $5.4B | $3.8B | ||
| Q3 25 | $5.4B | $3.4B | ||
| Q2 25 | $5.4B | $3.7B | ||
| Q1 25 | $5.2B | $3.8B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | — | $3.7B | ||
| Q1 24 | — | $4.0B |
负债/权益比CSTMTNET
| 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 | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $109.0M | $43.0M |
| 自由现金流率自由现金流/营收 | 5.0% | 3.4% |
| 资本支出强度资本支出/营收 | 5.0% | 1.4% |
| 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 | $234.0M |
8季度趋势，按日历期对齐
经营现金流CSTMTNET
| Q4 25 | $218.0M | $61.0M | ||
| Q3 25 | $99.0M | $72.0M | ||
| Q2 25 | $114.0M | $75.0M | ||
| Q1 25 | $58.0M | $95.0M | ||
| Q4 24 | — | $65.0M | ||
| Q3 24 | — | $84.0M | ||
| Q2 24 | $138.0M | $39.0M | ||
| Q1 24 | — | $91.0M |
自由现金流CSTMTNET
| Q4 25 | $109.0M | $43.0M | ||
| Q3 25 | $24.0M | $55.0M | ||
| Q2 25 | $37.0M | $57.0M | ||
| Q1 25 | $-11.0M | $79.0M | ||
| Q4 24 | — | $47.0M | ||
| Q3 24 | — | $59.0M | ||
| Q2 24 | $54.0M | $22.0M | ||
| Q1 24 | — | $73.0M |
自由现金流率CSTMTNET
| Q4 25 | 5.0% | 3.4% | ||
| Q3 25 | 1.1% | 4.5% | ||
| Q2 25 | 1.8% | 4.6% | ||
| Q1 25 | -0.6% | 6.1% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 4.8% | ||
| Q2 24 | 2.8% | 1.8% | ||
| Q1 24 | — | 5.8% |
资本支出强度CSTMTNET
| Q4 25 | 5.0% | 1.4% | ||
| Q3 25 | 3.5% | 1.4% | ||
| Q2 25 | 3.7% | 1.5% | ||
| Q1 25 | 3.5% | 1.2% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | 4.3% | 1.4% | ||
| Q1 24 | — | 1.4% |
现金转化率CSTMTNET
| Q4 25 | 1.95× | — | ||
| Q3 25 | 1.13× | 2.12× | ||
| Q2 25 | 3.17× | 2.03× | ||
| Q1 25 | 1.57× | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | 1.82× | 0.65× | ||
| Q1 24 | — | 1.00× |
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% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
