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CONSTELLIUM SE（CSTM）与西部数据（WDC）财务数据对比。点击上方公司名可切换其他公司
西部数据的季度营收约是CONSTELLIUM SE的1.4倍（$3.0B vs $2.2B），西部数据净利率更高（61.1% vs 5.1%，领先56.0%）
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。
西部数据（简称WD）是总部位于美国加利福尼亚州圣何塞的知名数据存储企业，成立于1970年，是全球最大的硬盘驱动器（HDD）制造商之一，产品覆盖消费级、企业级等多元存储场景，为全球客户提供高性能、高可靠性的存储解决方案。
CSTM vs WDC — 直观对比
营收规模更大
WDC
是对方的1.4倍
$2.2B
净利率更高
WDC
高出56.0%
5.1%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $3.0B |
| 净利润 | $112.0M | $1.8B |
| 毛利率 | — | 45.7% |
| 营业利润率 | 7.5% | 30.1% |
| 净利率 | 5.1% | 61.1% |
| 营收同比 | — | 31.5% |
| 净利润同比 | — | 254.2% |
| 每股收益（稀释后） | $0.79 | $4.73 |
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CSTMWDC
| Q1 26 | — | $3.0B | ||
| Q4 25 | $2.2B | $2.8B | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.1B | $-1.2B | ||
| Q1 25 | $2.0B | $2.3B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | $1.9B | $3.8B |
净利润CSTMWDC
| Q1 26 | — | $1.8B | ||
| Q4 25 | $112.0M | $1.2B | ||
| Q3 25 | $88.0M | — | ||
| Q2 25 | $36.0M | $282.0M | ||
| Q1 25 | $37.0M | $520.0M | ||
| Q4 24 | — | $594.0M | ||
| Q3 24 | — | $493.0M | ||
| Q2 24 | $76.0M | $39.0M |
毛利率CSTMWDC
| Q1 26 | — | 45.7% | ||
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 35.4% | ||
| Q3 24 | — | 37.9% | ||
| Q2 24 | — | 35.9% |
营业利润率CSTMWDC
| Q1 26 | — | 30.1% | ||
| Q4 25 | 7.5% | 28.1% | ||
| Q3 25 | 5.8% | — | ||
| Q2 25 | 2.7% | — | ||
| Q1 25 | 3.1% | 33.1% | ||
| Q4 24 | — | 19.9% | ||
| Q3 24 | — | 18.1% | ||
| Q2 24 | 5.4% | 5.7% |
净利率CSTMWDC
| Q1 26 | — | 61.1% | ||
| Q4 25 | 5.1% | 41.9% | ||
| Q3 25 | 4.1% | — | ||
| Q2 25 | 1.7% | -24.4% | ||
| Q1 25 | 1.9% | 22.7% | ||
| Q4 24 | — | 13.9% | ||
| Q3 24 | — | 12.0% | ||
| Q2 24 | 3.9% | 1.0% |
每股收益（稀释后）CSTMWDC
| Q1 26 | — | $4.73 | ||
| Q4 25 | $0.79 | $3.07 | ||
| Q3 25 | $0.62 | — | ||
| Q2 25 | $0.25 | $0.72 | ||
| Q1 25 | $0.26 | $1.42 | ||
| Q4 24 | — | $1.63 | ||
| Q3 24 | — | $1.35 | ||
| Q2 24 | $0.51 | $0.15 |
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 | $2.0B |
| 总债务越低越好 | $1.9B | $4.7B |
| 股东权益账面价值 | $952.0M | $7.1B |
| 总资产 | $5.4B | $15.6B |
| 负债/权益比越低杠杆越低 | 2.00× | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资CSTMWDC
| Q1 26 | — | $2.0B | ||
| Q4 25 | $120.0M | $2.0B | ||
| Q3 25 | $122.0M | — | ||
| Q2 25 | $133.0M | $2.1B | ||
| Q1 25 | $118.0M | $3.5B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.9B |
总债务CSTMWDC
| Q1 26 | — | $4.7B | ||
| Q4 25 | $1.9B | $4.7B | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | $4.7B | ||
| Q1 25 | $1.9B | $7.3B | ||
| Q4 24 | — | $7.4B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $7.4B |
股东权益CSTMWDC
| Q1 26 | — | $7.1B | ||
| Q4 25 | $952.0M | $5.9B | ||
| Q3 25 | $845.0M | — | ||
| Q2 25 | $780.0M | $5.3B | ||
| Q1 25 | $745.0M | $5.2B | ||
| Q4 24 | — | $12.1B | ||
| Q3 24 | — | $11.6B | ||
| Q2 24 | $796.0M | $10.8B |
总资产CSTMWDC
| Q1 26 | — | $15.6B | ||
| Q4 25 | $5.4B | $14.4B | ||
| Q3 25 | $5.4B | — | ||
| Q2 25 | $5.4B | $14.0B | ||
| Q1 25 | $5.2B | $16.4B | ||
| Q4 24 | — | $25.5B | ||
| Q3 24 | — | $24.8B | ||
| Q2 24 | — | $24.2B |
负债/权益比CSTMWDC
| Q1 26 | — | 0.65× | ||
| Q4 25 | 2.00× | 0.80× | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | 2.53× | 0.89× | ||
| Q1 25 | 2.56× | 1.42× | ||
| Q4 24 | — | 0.61× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.69× |
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 | — |
| 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× | — |
| 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CSTMWDC
| Q1 26 | — | — | ||
| Q4 25 | $218.0M | $672.0M | ||
| Q3 25 | $99.0M | — | ||
| Q2 25 | $114.0M | $746.0M | ||
| Q1 25 | $58.0M | $508.0M | ||
| Q4 24 | — | $403.0M | ||
| Q3 24 | — | $34.0M | ||
| Q2 24 | $138.0M | $366.0M |
自由现金流CSTMWDC
| Q1 26 | — | — | ||
| Q4 25 | $109.0M | $599.0M | ||
| Q3 25 | $24.0M | — | ||
| Q2 25 | $37.0M | $675.0M | ||
| Q1 25 | $-11.0M | $379.0M | ||
| Q4 24 | — | $287.0M | ||
| Q3 24 | — | $-62.0M | ||
| Q2 24 | $54.0M | $250.0M |
自由现金流率CSTMWDC
| Q1 26 | — | — | ||
| Q4 25 | 5.0% | 21.3% | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 1.8% | -58.5% | ||
| Q1 25 | -0.6% | 16.5% | ||
| Q4 24 | — | 6.7% | ||
| Q3 24 | — | -1.5% | ||
| Q2 24 | 2.8% | 6.6% |
资本支出强度CSTMWDC
| Q1 26 | — | — | ||
| Q4 25 | 5.0% | 2.6% | ||
| Q3 25 | 3.5% | — | ||
| Q2 25 | 3.7% | -6.2% | ||
| Q1 25 | 3.5% | 5.6% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | 4.3% | 3.1% |
现金转化率CSTMWDC
| Q1 26 | — | — | ||
| Q4 25 | 1.95× | 0.57× | ||
| Q3 25 | 1.13× | — | ||
| Q2 25 | 3.17× | 2.65× | ||
| Q1 25 | 1.57× | 0.98× | ||
| Q4 24 | — | 0.68× | ||
| Q3 24 | — | 0.07× | ||
| Q2 24 | 1.82× | 9.38× |
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% |
WDC
| Cloud | $2.7B | 89% |
| Client Devices | $176.0M | 6% |
| Consumer | $168.0M | 6% |
