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CONSTELLIUM SE（CSTM）与泰佩思琦（TPR）财务数据对比。点击上方公司名可切换其他公司
泰佩思琦的季度营收约是CONSTELLIUM SE的1.1倍（$2.5B vs $2.2B），泰佩思琦净利率更高（22.4% vs 5.1%，领先17.3%），泰佩思琦自由现金流更多（$1.0B 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。
Tapestry, Inc.是美国知名跨国奢侈品时尚控股企业，旗下拥有Coach、Kate Spade New York、Stuart Weitzman三大标志性生活方式品牌，主营高端手袋、服饰、鞋履、配饰及香水产品，销售渠道覆盖全球线下门店与线上电商平台。
CSTM vs TPR — 直观对比
营收规模更大
TPR
是对方的1.1倍
$2.2B
净利率更高
TPR
高出17.3%
5.1%
自由现金流更多
TPR
多$928.5M
$109.0M
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $2.5B |
| 净利润 | $112.0M | $561.3M |
| 毛利率 | — | 75.5% |
| 营业利润率 | 7.5% | 28.6% |
| 净利率 | 5.1% | 22.4% |
| 营收同比 | — | 14.0% |
| 净利润同比 | — | 80.8% |
| 每股收益（稀释后） | $0.79 | $2.68 |
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CSTMTPR
| Q4 25 | $2.2B | $2.5B | ||
| Q3 25 | $2.2B | $1.7B | ||
| Q2 25 | $2.1B | $1.7B | ||
| Q1 25 | $2.0B | $1.6B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | $1.9B | $1.6B | ||
| Q1 24 | — | $1.5B |
净利润CSTMTPR
| Q4 25 | $112.0M | $561.3M | ||
| Q3 25 | $88.0M | $274.8M | ||
| Q2 25 | $36.0M | $-517.1M | ||
| Q1 25 | $37.0M | $203.3M | ||
| Q4 24 | — | $310.4M | ||
| Q3 24 | — | $186.6M | ||
| Q2 24 | $76.0M | $159.3M | ||
| Q1 24 | — | $139.4M |
毛利率CSTMTPR
| Q4 25 | — | 75.5% | ||
| Q3 25 | — | 76.3% | ||
| Q2 25 | — | 76.3% | ||
| Q1 25 | — | 76.1% | ||
| Q4 24 | — | 74.4% | ||
| Q3 24 | — | 75.3% | ||
| Q2 24 | — | 74.9% | ||
| Q1 24 | — | 74.7% |
营业利润率CSTMTPR
| Q4 25 | 7.5% | 28.6% | ||
| Q3 25 | 5.8% | 19.3% | ||
| Q2 25 | 2.7% | -33.9% | ||
| Q1 25 | 3.1% | 16.0% | ||
| Q4 24 | — | 22.4% | ||
| Q3 24 | — | 16.7% | ||
| Q2 24 | 5.4% | 14.8% | ||
| Q1 24 | — | 13.8% |
净利率CSTMTPR
| Q4 25 | 5.1% | 22.4% | ||
| Q3 25 | 4.1% | 16.1% | ||
| Q2 25 | 1.7% | -30.0% | ||
| Q1 25 | 1.9% | 12.8% | ||
| Q4 24 | — | 14.1% | ||
| Q3 24 | — | 12.4% | ||
| Q2 24 | 3.9% | 10.0% | ||
| Q1 24 | — | 9.4% |
每股收益（稀释后）CSTMTPR
| Q4 25 | $0.79 | $2.68 | ||
| Q3 25 | $0.62 | $1.28 | ||
| Q2 25 | $0.25 | $-2.30 | ||
| Q1 25 | $0.26 | $0.95 | ||
| Q4 24 | — | $1.38 | ||
| Q3 24 | — | $0.79 | ||
| Q2 24 | $0.51 | $0.67 | ||
| Q1 24 | — | $0.60 |
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 | $2.4B |
| 股东权益账面价值 | $952.0M | $551.2M |
| 总资产 | $5.4B | $6.5B |
| 负债/权益比越低杠杆越低 | 2.00× | 4.32× |
8季度趋势，按日历期对齐
现金及短期投资CSTMTPR
| Q4 25 | $120.0M | $1.1B | ||
| Q3 25 | $122.0M | $743.2M | ||
| Q2 25 | $133.0M | $1.1B | ||
| Q1 25 | $118.0M | $1.1B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $7.3B | ||
| Q2 24 | — | $7.2B | ||
| Q1 24 | — | $7.4B |
总债务CSTMTPR
| Q4 25 | $1.9B | $2.4B | ||
| Q3 25 | $2.0B | $2.4B | ||
| Q2 25 | $2.0B | $2.4B | ||
| Q1 25 | $1.9B | $2.4B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $7.0B | ||
| Q2 24 | — | $6.9B | ||
| Q1 24 | — | $7.7B |
股东权益CSTMTPR
| Q4 25 | $952.0M | $551.2M | ||
| Q3 25 | $845.0M | $399.5M | ||
| Q2 25 | $780.0M | $857.8M | ||
| Q1 25 | $745.0M | $1.5B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $3.0B | ||
| Q2 24 | $796.0M | $2.9B | ||
| Q1 24 | — | $2.8B |
总资产CSTMTPR
| Q4 25 | $5.4B | $6.5B | ||
| Q3 25 | $5.4B | $6.4B | ||
| Q2 25 | $5.4B | $6.6B | ||
| Q1 25 | $5.2B | $7.3B | ||
| Q4 24 | — | $7.3B | ||
| Q3 24 | — | $13.7B | ||
| Q2 24 | — | $13.4B | ||
| Q1 24 | — | $13.7B |
负债/权益比CSTMTPR
| Q4 25 | 2.00× | 4.32× | ||
| Q3 25 | 2.34× | 5.95× | ||
| Q2 25 | 2.53× | 2.77× | ||
| Q1 25 | 2.56× | 1.59× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 2.35× | ||
| Q2 24 | — | 2.39× | ||
| Q1 24 | — | 2.77× |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $109.0M | $1.0B |
| 自由现金流率自由现金流/营收 | 5.0% | 41.5% |
| 资本支出强度资本支出/营收 | 5.0% | 1.7% |
| 现金转化率经营现金流/净利润 | 1.95× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $159.0M | $1.6B |
8季度趋势，按日历期对齐
经营现金流CSTMTPR
| Q4 25 | $218.0M | $1.1B | ||
| Q3 25 | $99.0M | $112.6M | ||
| Q2 25 | $114.0M | $446.8M | ||
| Q1 25 | $58.0M | $144.3M | ||
| Q4 24 | — | $506.0M | ||
| Q3 24 | — | $119.5M | ||
| Q2 24 | $138.0M | $256.0M | ||
| Q1 24 | — | $97.8M |
自由现金流CSTMTPR
| Q4 25 | $109.0M | $1.0B | ||
| Q3 25 | $24.0M | $80.2M | ||
| Q2 25 | $37.0M | $411.5M | ||
| Q1 25 | $-11.0M | $113.4M | ||
| Q4 24 | — | $475.1M | ||
| Q3 24 | — | $93.9M | ||
| Q2 24 | $54.0M | $209.8M | ||
| Q1 24 | — | $78.8M |
自由现金流率CSTMTPR
| Q4 25 | 5.0% | 41.5% | ||
| Q3 25 | 1.1% | 4.7% | ||
| Q2 25 | 1.8% | 23.9% | ||
| Q1 25 | -0.6% | 7.2% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | 2.8% | 13.2% | ||
| Q1 24 | — | 5.3% |
资本支出强度CSTMTPR
| Q4 25 | 5.0% | 1.7% | ||
| Q3 25 | 3.5% | 1.9% | ||
| Q2 25 | 3.7% | 2.0% | ||
| Q1 25 | 3.5% | 2.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | 4.3% | 2.9% | ||
| Q1 24 | — | 1.3% |
现金转化率CSTMTPR
| Q4 25 | 1.95× | 1.93× | ||
| Q3 25 | 1.13× | 0.41× | ||
| Q2 25 | 3.17× | — | ||
| Q1 25 | 1.57× | 0.71× | ||
| Q4 24 | — | 1.63× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | 1.82× | 1.61× | ||
| Q1 24 | — | 0.70× |
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% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
