Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 3/5 core metricsFlagged areas: Earnings quality, Solvency & liquidity.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- 2 filing risk checks flagged
Flagged areas: Earnings quality, Solvency & liquidity.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +15.2% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
- Free cash flow turned positive
Latest reported free cash flow was $159M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2025-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Earnings quality
- Solvency & liquidity
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-09-06
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Packaging And Automotive Rolled Products$5.07B60.0%+21.1% yoy
- Aerospace And Transportation$1.86B22.0%+6.8% yoy
- Automotive Structures And Industry$1.51B17.9%+8.0% yoy
- Holding Corporate$5M0.1%-16.7% yoy
Members sum to the consolidated $8.45B for this period.
- Packaging Rolled Products$3.77B44.6%+31.0% yoy
- Automotive Rolled Products$1.2B14.2%0.0% yoy
- Aerospace Rolled Products$1.07B12.6%+0.5% yoy
- Automotive Extruded Products$962M11.4%+0.2% yoy
- Transportation Industry Defense And Other Rolled Products$799M9.5%+16.5% yoy
- Other Extruded Products$553M6.5%+24.8% yoy
- Specialty And Other Thin Rolled Products$95M1.1%-8.7% yoy
- Other Sales$00.0%no prior
Members sum to the consolidated $8.45B for this period.
- United States$3.31B39.2%+33.8% yoy
- Other Geographical Areas$1.62B19.1%+8.6% yoy
- Germany$1.54B18.2%+1.2% yoy
- France$722M8.5%+3.9% yoy
- Spain$376M4.5%+2.5% yoy
- United Kingdom$367M4.3%+15.8% yoy
- PL$317M3.8%+18.7% yoy
- CZ$205M2.4%-1.9% yoy
Members sum to the consolidated $8.45B for this period.
- Packaging And Automotive Rolled Products$1.67B60.9%+35.8% yoy
- Aerospace And Transportation$636M23.1%+36.5% yoy
- Automotive Structures And Industry$437M15.9%+8.2% yoy
- Holding Corporate$2M0.1%+100.0% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,122 US-listed filers · 797 in Materials| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $8.4B | 86thof 3,301 top third | 90thof 522 top third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 15.2% | 71stof 3,135 top third | 63rdof 473 middle third |
Net margin net income ÷ revenue | 3.2% | 53rdof 3,263 middle third | 69thof 518 top third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | 1.9% | 40thof 2,679 middle third | 59thof 433 middle third |
Return on equity net income ÷ stockholders' equity (positive equity only) | 28.7% | 92ndof 3,577 top third | 95thof 701 top third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 26 days | 76thof 2,398 top third | 82ndof 387 top third |
Cash conversion operating cash flow ÷ net income (net income > 0) | 1.8× | 61stof 2,183 middle third | 65thof 190 middle third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -4.3% | 48thof 3,577 middle third | 40thof 673 middle third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | 36.9% | 20thof 3,059 bottom third | 28thof 593 bottom third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 0 changed periodsNo period on file has changed between its first report and the latest filing carrying it.
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
debt, leases, revenue, segments, contingencies, taxes and more · the filer's own wordsBusiness combinations · 255 characters as filed
"NOTE 17 - ACQUISITION AND DISPOSAL OF SUBSIDIARIES On June 24, 2026, the Group disposed of its 54 % interest in Changchun Engley Automobile Parts Co. LTD (""Changchun""). The cash inflows amounted to $2 million , net of cash & cash equivalents disposed."
BusinessCombinationDisclosureTextBlock
Debt · 1,611 characters as filed
NOTE 11 - DEBT 11.1 Analysis by nature At June 30, 2026 At December 31, 2025 (in millions of U.S. dollars) Nominal Value in Currency Nominal rate Effective rate Face Value Debt issuance costs Accrued interest Carrying value Carrying value Secured Pan-U.S. ABL (due 2029) $ Floating 5.08 % 1 1 Senior Unsecured Notes Issued June 2020 and due 2028 $ 325 5.625 % 6.05 % 325 (2) 1 324 323 Issued February 2021 and due 2029 $ 500 3.750 % 4.05 % 500 (3) 4 501 500 Issued June 2021 and due 2029 300 3.125 % 3.41 % 342 (2) 4 344 355 Issued August 2024 and due 2032 $ 350 6.375 % 6.77 % 350 (5) 8 353 353 Issued August 2024 and due 2032 300 5.375 % 5.73 % 342 (5) 7 344 354 Finance lease liabilities 28 1 29 32 Other loans 27 27 27 Total debt 1,914 (17) 26 1,923 1,944 Of which non-current 1,881 1,905 Of which current (A) 42 39 (A) Current portion of debt includes mainly accrued interest and current portions of finance leases and other long-term loans relating to the sale and leaseback of assets. The fair values of Constellium SE Senior Notes issued in June 2020, February 2021, June 2021 and August 2024 were 100.0% , 96.1% , 98.4% and 102.8% , respectively, of the nominal value and amounted to $325 million , $481 million , $337 million and $712 million , respectively, at June 30, 2026 , compared to $325 million , $483 million , $348 million , and $730 million , respectively, at December 31, 2025 . The 100 million French Inventory Facility remained undrawn at June 30, 2026 . The Group was in comp …
DebtDisclosureTextBlock · excerpt; the full note is in the filing
Share-based compensation · 2,860 characters as filed
"NOTE 16 - SHARE-BASED COMPENSATION Performance-Based Restricted Stock Units (equity-settled) During the six months ended June 30, 2026 , the Company granted 401,662 Performance-Based Restricted Stock Units ("" PSUs"") to selected employees of the Group. The fair value of PSU awards with performance and service conditions is estimated using the value of Constellium SEs ordinary shares on the date of grant. The fair value of PSU awards with market conditions is estimated using a Monte Carlo simulation model on the date of grant. These units vest if the following conditions are met: A vesting condition under which the beneficiaries must be continuously at the service of the Company through the end of a three -year vesting period; and A performance condition, contingent on the total shareholder return (TSR) performance of Constellium SE shares over the vesting period compared to the TSR of specified indices. PSUs will ultimately vest based on a vesting multiplier which ranges from 0% to 200% . The following table lists the inputs to the valuation model used for the PSUs granted during the six months ended June 30, 2026 : 2026 PSUs Fair value at grant date (in U.S. dollars) 34.38 Share price at grant date (in U.S. dollars) 24.59 Dividend yield Expected volatility (A) 46 % Risk-free interest rate (U.S. government bond yield) 3.75 % (A) Volatility in the share prices of the Company and companies included in indices were estimated based on observed historical volatilities over a per …
DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing
Income taxes · 897 characters as filed
NOTE 6 - INCOME TAX Income tax expense for interim periods is recognized based on the annualized effective tax rate expected for the full year adjusted for the tax effect of certain items recognized in full in the interim period. Our effective tax rate was 30.8% and 35.7% of our income before tax for the three months ended June 30, 2026 and 2025 , respectively . Our effective tax rate was 29.1% and 37.6% of income before tax for the six months ended June 30, 2026 and 2025 , respectively. The difference between the statutory tax rate of 25.8% and the effective tax rate for the three and six months ended June 30, 2026 and 2025 includes an estimate of the 2026 and 2025 surtaxes in France, the Base Erosion Anti Abuse Tax in the United States and is impacted by the geographical mix of our pre-tax results and the effects of certain jurisdictions where a full valuation allowance is recorded.
IncomeTaxDisclosureTextBlock
New accounting pronouncements · 1,203 characters as filed
Recently adopted and recently issued accounting guidance In May 2026, the Financial Accounting Standards Board (FASB) issued ASU 2026-02 Environmental Credits and Environmental Credit Obligations (Topic 818) which establishes requirements on how to recognize, measure, present and disclose environmental credits and environmental credit obligations. The guidance applies to all entities that buy, receive or internally generate environmental credits they intend to sell, trade or distribute. It also applies to entities that use such credits for compliance or voluntary purposes (e.g., for use in carbon-neutral or net-zero initiatives). The standard is effective for interim periods within fiscal years beginning after December 15, 2027. The guidance must be applied retrospectively by recognizing a cumulative effect adjustment to retained earnings at the date of initial application. Early adoption is permitted. The Group plans to adopt these and new standards, amendments and interpretations, as disclosed in our Annual Report, on their required effective dates and does not expect any material impact on its financial position, results of operations and cash flows as a result of their adoption. …
NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing
Pensions and post-retirement benefits · 700 characters as filed
NOTE 13 - PENSION AND OTHER POST-EMPLOYMENT BENEFIT OBLIGATIONS Three months ended June 30, Six months ended June 30, 2026 2025 2026 2025 (in millions of U.S. dollars) Pension OPEB and Other Benefits Pension OPEB and Other Benefits Pension OPEB and Other Benefits Pension OPEB and Other Benefits Current service cost (4) (2) (5) (1) (8) (3) (9) (2) Interest cost (7) (1) (5) (2) (13) (3) (11) (4) Expected return on plan assets 6 5 12 11 Immediate recognition of losses arising over the year (4) (4) Amortization of past service gain 1 2 1 2 1 5 1 5 Amortization of net actuarial gain 1 1 1 1 Total net pension and other long- term benefit cost (4) (4) (4) (8) (4) (8) …
PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing
Revenue recognition · 866 characters as filed
NOTE 2 - REVENUE In the following table, revenue is disaggregated by product line. See Note 3 - Segment information herein for additional disclosures of revenue disaggregated by operating segments. Three months ended June 30, Six months ended June 30, (in millions of U.S. dollars) 2026 2025 2026 2025 Aerospace rolled products 350 267 679 534 Transportation, industry, defense and other rolled products 288 200 543 368 Packaging rolled products 1,188 912 2,234 1,780 Automotive rolled products 454 295 857 586 Specialty and other thin-rolled products 31 26 56 50 Automotive extruded products 266 249 528 483 Other extruded products 171 154 312 281 Total revenue 2,748 2,103 5,209 4,082 Revenue is recognized at a point in time, except for certain products with no alternative use for which we have a right to payment, which represents less than 1% of total revenue.
RevenueFromContractWithCustomerTextBlock
Segment reporting · 6,101 characters as filed
NOTE 3 - SEGMENT INFORMATION Constellium has three reportable business segments - Aerospace & Transportation (A&T), Packaging & Automotive Rolled Products (P&ARP) and Automotive Structures & Industry (AS&I). 3.1 Revenue, Costs and Segment Adjusted EBITDA Three months ended June 30, 2026 2025 (in millions of U.S. dollars) A&T P&ARP AS&I H&C (B) A&T P&ARP AS&I H&C (B) Segment revenue 680 1,680 458 2 492 1,235 421 1 Inter-segment elimination (44) (7) (21) (26) (3) (18) External revenue 636 1,673 437 2 466 1,232 404 1 Cost of metal (310) (1,221) (270) 1 (203) (895) (248) 2 Production costs (162) (254) (114) (2) (151) (234) (114) (2) Other segment expenses (A) (29) (33) (27) (17) (27) (29) (24) (12) Segment Adjusted EBITDA 135 165 26 (16) 84 74 18 (12) Six months ended June 30, 2026 2025 (in millions of U.S. dollars) A&T P&ARP AS&I H&C (B) A&T P&ARP AS&I H&C (B) Segment revenue 1,289 3,157 873 3 960 2,422 802 2 Inter-segment elimination (70) (10) (33) (60) (6) (38) External revenue 1,219 3,147 840 3 900 2,416 764 2 Cost of metal (590) (2,260) (507) 3 (388) (1,753) (462) 3 Production costs (335) (508) (231) (3) (296) (474) (221) (4) Other segment expenses (A) (56) (62) (53) (35) (50) (54) (47) (24) Segment Adjusted EBITDA 238 317 49 (32) 165 135 34 (23) (A) Other segment expenses primarily include selling and general administrative expenses and research and development expenses. (B) Holdings and …
SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing
Subsequent events · 184 characters as filed
NOTE 18 - SUBSEQUENT EVENTS On July 28, 2026, the Company redeemed $100 million out of the $325 million outstanding aggregate principal amount of its 5.625% Senior Notes due June 2028.
SubsequentEventsTextBlock
Source: SEC DERA Financial Statement and Notes data sets (txt.tsv), excerpts of the filer's own note text; the full note is in the linked filing. Excerpts are the first part of each note exactly as tagged in the filing; open the filing for the full text and the tables. Descriptive and educational, not advice.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.