Reading the annual reports…
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
CSTM · NYSE · United States · Secondary Smelting & Refining Of Nonferrous Metals
In shortCONSTELLIUM SE is profitable, generates cash and carries heavy debt, with revenue shrinking (−10.8% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 4.7% | 32/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 1.7% | 27/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 15.9% | 79/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 8.2% | 55/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | – | n/a |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 2.22× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 2.64× | 39/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 2.39× | 8/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | – | n/a |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 2.3% | 29/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.35× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 4 of 5 | 80/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 21.8% | 30/100 |
| Operating margin volatility | 1.9% | 91/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 14.0% | 95/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2023 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
4 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
EUR millions; negative values in parentheses.
| Fiscal year | FY19 | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|---|
| Revenue | 5,907 | 4,883 | 6,152 | 8,120 | 7,239 |
| Cost of revenue | 5,305 | 4,393 | 5,488 | 7,448 | 6,529 |
| Gross profit | 602 | 490 | 664 | 672 | 710 |
| Research & development | 48 | 39 | 39 | 48 | 52 |
| Selling, general & admin | 276 | 237 | 258 | 282 | 302 |
| Operating income | 255 | 125 | 484 | 334 | 337 |
| Interest expense | 175 | 159 | 167 | 131 | 141 |
| Pre-tax income | 82 | (34) | 317 | 203 | 196 |
| Income tax | 18 | (17) | 55 | (105) | 67 |
| Net income | 59 | (21) | 257 | 301 | 125 |
| Diluted EPS | €0.41 | −€0.15 | €1.75 | €2.06 | €0.84 |
| Diluted shares (millions) | 143 | 139 | 147 | 147 | 148 |
4 older years available with the 10-year history. Essential plan, from €8.25/month →
Not computed: a required balance-sheet item is missing.
4/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Feb 25, 2026