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CONSTELLIUM SE（CSTM）与百胜中国（YUMC）财务数据对比。点击上方公司名可切换其他公司
百胜中国的季度营收约是CONSTELLIUM SE的1.3倍（$2.8B vs $2.2B），CONSTELLIUM SE净利率更高（5.1% vs 5.0%，领先0.1%），CONSTELLIUM SE自由现金流更多（$109.0M vs $-116.0M）
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。
百胜中国是总部位于上海的世界500强快餐企业，2016年从百胜餐饮集团分拆独立上市，获百胜餐饮集团商标授权，按全系统销售额的3%支付授权费。目前在国内1100多座城市运营超8400家餐厅，全球门店总数超10600家，年营收达95亿美元，是全球规模最大的餐饮企业之一。
CSTM vs YUMC — 直观对比
营收规模更大
YUMC
是对方的1.3倍
$2.2B
净利率更高
CSTM
高出0.1%
5.0%
自由现金流更多
CSTM
多$225.0M
$-116.0M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $2.8B |
| 净利润 | $112.0M | $140.0M |
| 毛利率 | — | — |
| 营业利润率 | 7.5% | 6.6% |
| 净利率 | 5.1% | 5.0% |
| 营收同比 | — | 8.8% |
| 净利润同比 | — | 21.7% |
| 每股收益（稀释后） | $0.79 | $0.40 |
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CSTMYUMC
| Q4 25 | $2.2B | $2.8B | ||
| Q3 25 | $2.2B | $3.2B | ||
| Q2 25 | $2.1B | $2.8B | ||
| Q1 25 | $2.0B | $3.0B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | $1.9B | $2.7B | ||
| Q1 24 | — | $3.0B |
净利润CSTMYUMC
| Q4 25 | $112.0M | $140.0M | ||
| Q3 25 | $88.0M | $282.0M | ||
| Q2 25 | $36.0M | $215.0M | ||
| Q1 25 | $37.0M | $292.0M | ||
| Q4 24 | — | $115.0M | ||
| Q3 24 | — | $297.0M | ||
| Q2 24 | $76.0M | $212.0M | ||
| Q1 24 | — | $287.0M |
营业利润率CSTMYUMC
| Q4 25 | 7.5% | 6.6% | ||
| Q3 25 | 5.8% | 12.5% | ||
| Q2 25 | 2.7% | 10.9% | ||
| Q1 25 | 3.1% | 13.4% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 12.1% | ||
| Q2 24 | 5.4% | 9.9% | ||
| Q1 24 | — | 12.6% |
净利率CSTMYUMC
| Q4 25 | 5.1% | 5.0% | ||
| Q3 25 | 4.1% | 8.8% | ||
| Q2 25 | 1.7% | 7.7% | ||
| Q1 25 | 1.9% | 9.8% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 9.7% | ||
| Q2 24 | 3.9% | 7.9% | ||
| Q1 24 | — | 9.7% |
每股收益（稀释后）CSTMYUMC
| Q4 25 | $0.79 | $0.40 | ||
| Q3 25 | $0.62 | $0.76 | ||
| Q2 25 | $0.25 | $0.58 | ||
| Q1 25 | $0.26 | $0.77 | ||
| Q4 24 | — | $0.30 | ||
| Q3 24 | — | $0.77 | ||
| Q2 24 | $0.51 | $0.55 | ||
| Q1 24 | — | $0.71 |
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 | $1.4B |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $952.0M | $5.4B |
| 总资产 | $5.4B | $10.8B |
| 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CSTMYUMC
| Q4 25 | $120.0M | $1.4B | ||
| Q3 25 | $122.0M | $2.1B | ||
| Q2 25 | $133.0M | $2.2B | ||
| Q1 25 | $118.0M | $2.0B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $2.5B | ||
| Q2 24 | — | $2.5B | ||
| Q1 24 | — | $2.4B |
总债务CSTMYUMC
| 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CSTMYUMC
| Q4 25 | $952.0M | $5.4B | ||
| Q3 25 | $845.0M | $5.7B | ||
| Q2 25 | $780.0M | $5.8B | ||
| Q1 25 | $745.0M | $5.8B | ||
| Q4 24 | — | $5.7B | ||
| Q3 24 | — | $6.0B | ||
| Q2 24 | $796.0M | $5.8B | ||
| Q1 24 | — | $5.9B |
总资产CSTMYUMC
| Q4 25 | $5.4B | $10.8B | ||
| Q3 25 | $5.4B | $11.0B | ||
| Q2 25 | $5.4B | $11.0B | ||
| Q1 25 | $5.2B | $11.0B | ||
| Q4 24 | — | $11.1B | ||
| Q3 24 | — | $11.8B | ||
| Q2 24 | — | $11.6B | ||
| Q1 24 | — | $11.3B |
负债/权益比CSTMYUMC
| 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 | $125.0M |
| 自由现金流经营现金流 - 资本支出 | $109.0M | $-116.0M |
| 自由现金流率自由现金流/营收 | 5.0% | -4.1% |
| 资本支出强度资本支出/营收 | 5.0% | 8.5% |
| 现金转化率经营现金流/净利润 | 1.95× | 0.89× |
| 过去12个月自由现金流最近4个季度 | $159.0M | $840.0M |
8季度趋势，按日历期对齐
经营现金流CSTMYUMC
| Q4 25 | $218.0M | $125.0M | ||
| Q3 25 | $99.0M | $477.0M | ||
| Q2 25 | $114.0M | $412.0M | ||
| Q1 25 | $58.0M | $452.0M | ||
| Q4 24 | — | $167.0M | ||
| Q3 24 | — | $409.0M | ||
| Q2 24 | $138.0M | $401.0M | ||
| Q1 24 | — | $442.0M |
自由现金流CSTMYUMC
| Q4 25 | $109.0M | $-116.0M | ||
| Q3 25 | $24.0M | $351.0M | ||
| Q2 25 | $37.0M | $290.0M | ||
| Q1 25 | $-11.0M | $315.0M | ||
| Q4 24 | — | $-15.0M | ||
| Q3 24 | — | $244.0M | ||
| Q2 24 | $54.0M | $232.0M | ||
| Q1 24 | — | $253.0M |
自由现金流率CSTMYUMC
| Q4 25 | 5.0% | -4.1% | ||
| Q3 25 | 1.1% | 10.9% | ||
| Q2 25 | 1.8% | 10.4% | ||
| Q1 25 | -0.6% | 10.6% | ||
| Q4 24 | — | -0.6% | ||
| Q3 24 | — | 7.9% | ||
| Q2 24 | 2.8% | 8.7% | ||
| Q1 24 | — | 8.6% |
资本支出强度CSTMYUMC
| Q4 25 | 5.0% | 8.5% | ||
| Q3 25 | 3.5% | 3.9% | ||
| Q2 25 | 3.7% | 4.4% | ||
| Q1 25 | 3.5% | 4.6% | ||
| Q4 24 | — | 7.0% | ||
| Q3 24 | — | 5.4% | ||
| Q2 24 | 4.3% | 6.3% | ||
| Q1 24 | — | 6.4% |
现金转化率CSTMYUMC
| Q4 25 | 1.95× | 0.89× | ||
| Q3 25 | 1.13× | 1.69× | ||
| Q2 25 | 3.17× | 1.92× | ||
| Q1 25 | 1.57× | 1.55× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | — | 1.38× | ||
| Q2 24 | 1.82× | 1.89× | ||
| Q1 24 | — | 1.54× |
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% |
YUMC
| Revenue From External Customers | $2.1B | 75% |
| Pizza Hut | $540.0M | 19% |
| Corporate And Unallocated | $105.0M | 4% |
| Other Revenue | $45.0M | 2% |
| Franchise Fees And Income | $25.0M | 1% |
