Revenue growth accelerated to 14.9% in 2026Q1, while gross margins improved to 17.1% from the 10.6% trough seen in 2025Q3, suggesting effective management of inflationary pressures.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|
| Sales/Revenue | 9.29B | 8.45B | 7.33B | 7.24B | 8.53B | 6.15B | 4.88B | 6.61B | 5.69B | 5.24B | 4.74B | 5.15B | 3.67B | 3.5B | 3.61B | 3.56B |
| Revenue Growth % | 30.09% | 15.19% | 1.33% | -15.15% | 38.69% | 25.99% | -26.14% | 16.28% | 8.57% | 10.42% | -7.96% | 40.56% | 4.89% | -3.19% | 1.52% | - |
| Cost of Goods Sold | 8.07B | 7.59B | 6.4B | 6.53B | 7.57B | 5.49B | 4.39B | 5.96B | 5.15B | 4.7B | 4.23B | 4.7B | 3.18B | 3.02B | 3.13B | 3.24B |
| COGS % of Revenue | - | 89.86% | 87.21% | 90.19% | 88.71% | 89.21% | 89.97% | 90.13% | 90.54% | 89.71% | 89.12% | 91.27% | 86.82% | 86.52% | 86.76% | 91.09% |
| Gross Profit | 1.22B | 857M | 938M | 710M | 963M | 664M | 490M | 652.52M | 538M | 539M | 516M | 450M | 483M | 471M | 478M | 317M |
| Gross Margin % | 13.12% | 10.14% | 12.79% | 9.81% | 11.29% | 10.79% | 10.03% | 9.87% | 9.46% | 10.29% | 10.88% | 8.73% | 13.18% | 13.48% | 13.24% | 8.91% |
| Gross Profit Growth % | - | -8.64% | 32.11% | -26.27% | 45.03% | 35.51% | -24.91% | 21.29% | -0.19% | 4.46% | 14.67% | -6.83% | 2.55% | -1.46% | 50.79% | - |
| Operating Expenses | 590.53M | 383M | 666M | 373M | 604.82M | 180M | 365M | 335.77M | 287M | 284M | 286M | 280M | 238M | 246M | 248M | 249M |
| OpEx % of Revenue | - | 4.53% | 9.08% | 5.15% | 7.09% | 2.93% | 7.47% | 5.08% | 5.05% | 5.42% | 6.03% | 5.43% | 6.49% | 7.04% | 6.87% | 7% |
| Selling, General & Admin | 358.41M | 332M | 313M | 318M | 284M | 258M | 237M | 288.77M | 247M | 248M | 254M | 245M | 200M | 210M | 212M | 216M |
| SG&A % of Revenue | - | 3.93% | 4.27% | 4.39% | 3.33% | 4.19% | 4.85% | 4.37% | 4.34% | 4.74% | 5.36% | 4.75% | 5.46% | 6.01% | 5.87% | 6.07% |
| Research & Development | 53.06M | 51M | 49M | 53M | 46M | 39M | 39M | 47.01M | 40M | 36M | 32M | 35M | 38M | 36M | 36M | 33M |
| R&D % of Revenue | - | 0.6% | 0.67% | 0.73% | 0.54% | 0.63% | 0.8% | 0.71% | 0.7% | 0.69% | 0.67% | 0.68% | 1.04% | 1.03% | 1% | 0.93% |
| Other Operating Expenses | 2M | 0 | 304M | 2M | 274.82M | -117M | 89M | 0 | 0 | 0 | -1M | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 628.58M | 474M | 272M | 337M | 358.18M | 484M | 125M | 316.75M | 404M | 321M | 246M | -426M | 150M | 209M | 257M | -63M |
| Operating Margin % | 6.77% | 5.61% | 3.71% | 4.66% | 4.2% | 7.87% | 2.56% | 4.79% | 7.11% | 6.13% | 5.19% | -8.27% | 4.09% | 5.98% | 7.12% | -1.77% |
| Operating Income Growth % | - | 74.26% | -19.29% | -5.91% | -26% | 287.2% | -60.54% | -21.6% | 25.86% | 30.49% | 157.75% | -384% | -28.23% | -18.68% | 507.94% | - |
| EBITDA | 977.64M | 804M | 576M | 631M | 648.18M | 751M | 384M | 603.28M | 607.31M | 481.62M | 408.56M | -286M | 199M | 241M | 271M | -61M |
| EBITDA Margin % | 10.52% | 9.52% | 7.85% | 8.72% | 7.6% | 12.21% | 7.86% | 9.12% | 10.68% | 9.2% | 8.61% | -5.55% | 5.43% | 6.9% | 7.51% | -1.72% |
| EBITDA Growth % | 68.17% | 39.58% | -8.72% | -2.65% | -13.69% | 95.57% | -36.35% | -0.66% | 26.1% | 17.88% | 242.85% | -243.72% | -17.43% | -11.07% | 544.26% | - |
| D&A (Non-Cash Add-back) | 349.06M | 330M | 304M | 294M | 290M | 267M | 259M | 286.53M | 203.31M | 160.62M | 162.56M | 140M | 49M | 32M | 14M | 2M |
| EBIT | 669.23M | 474M | 238M | 311M | 249M | 497M | 195M | 278.69M | 356M | 209M | 250M | -443M | 121M | 166M | 227M | -169M |
| Net Interest Income | -92.14M | -114M | -112M | -99M | -126.12M | -154.84M | -174.42M | -189.15M | -155M | -181M | -189.16M | -157M | -29M | -52M | -39M | -33M |
| Interest Income | 0 | 0 | 0 | 16M | 0 | 0 | 0 | 0 | 7M | 7M | 5.53M | 71M | 0 | 17M | 4M | 2M |
| Interest Expense | 92.14M | 114M | 112M | 115M | 126.12M | 154.84M | 174.42M | 189.15M | 149M | 243M | 194.69M | 226M | 29M | 50M | 64M | 35M |
| Other Income/Expense | -973.21K | -66M | -137M | -141M | -208.18M | -167M | -159M | -224.97M | -182M | -289M | -202M | -158M | -59M | -74M | -27M | -141M |
| Pretax Income | 627.6M | 408M | 135M | 196M | 150M | 317M | -34M | 91.78M | 222M | 49M | 65M | -584M | 91M | 135M | 189M | -204M |
| Pretax Margin % | 6.75% | 4.83% | 1.84% | 2.71% | 1.76% | 5.15% | -0.7% | 1.39% | 3.9% | 0.94% | 1.37% | -11.33% | 2.48% | 3.86% | 5.24% | -5.74% |
| Income Tax | 188.43M | 133M | 75M | 67M | -165M | 55M | -17M | 20.15M | 32M | 80M | 69M | -32M | 37M | 39M | 47M | -34M |
| Effective Tax Rate % | 30.02% | 32.6% | 55.56% | 34.18% | -110% | 17.35% | 50% | 21.95% | 14.41% | 163.27% | 106.15% | 5.48% | 40.66% | 28.89% | 24.87% | 16.67% |
| Net Income | 441.17M | 273M | 56M | 125M | 308M | 257M | -21M | 66.04M | 188M | -31M | -4M | -554M | 51M | 98M | 132M | -179M |
| Net Margin % | 4.75% | 3.23% | 0.76% | 1.73% | 3.61% | 4.18% | -0.43% | 1% | 3.31% | -0.59% | -0.08% | -10.75% | 1.39% | 2.8% | 3.66% | -5.03% |
| Net Income Growth % | 533.46% | 387.5% | -55.2% | -59.42% | 19.84% | 1323.81% | -131.8% | -64.87% | 706.45% | -675% | 99.28% | -1186.27% | -47.96% | -25.76% | 173.74% | - |
| Net Income (Continuing) | 439.17M | 275M | 60M | 129M | 315M | 262M | -17M | 71.63M | 190M | -31M | -4M | -552M | 54M | 96M | 149M | -170M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4M | 0 | 0 |
| Minority Interest | 13M | 18.99M | 21M | 21.02M | 22.41M | 19.33M | 17.13M | 12.35M | 8M | 8M | 9M | 11M | 6M | 4M | 4M | 2M |
| EPS (Diluted) | 3.15 | 1.92 | 0.37 | 0.84 | 2.05 | 1.75 | -0.15 | 0.41 | 1.36 | -0.28 | -0.04 | -5.25 | 0.48 | 0.99 | 1.35 | -1.74 |
| EPS Growth % | 497.71% | 418.92% | -55.95% | -59.02% | 17.14% | 1266.67% | -136.59% | -69.85% | 585.71% | -638.79% | 99.28% | -1193.75% | -51.52% | -26.67% | 177.59% | - |
| EPS (Basic) | - | 1.95 | 0.37 | 0.84 | 2.09 | 1.82 | -0.15 | 0.43 | 1.40 | -0.28 | -0.04 | -5.27 | 0.48 | 1.00 | 1.35 | -1.74 |
| Diluted Shares Outstanding | 140.08M | 141.94M | 147.44M | 149.24M | 146.61M | 147.17M | 138.74M | 142.65M | 138.15M | 110.16M | 105.5M | 105.48M | 105.33M | 98.89M | 102.78M | 102.78M |
| Basic Shares Outstanding | 135.39M | 139.68M | 145.49M | 148.81M | 143.63M | 141M | 138.74M | 136.86M | 134.76M | 110.16M | 105.5M | 105.1M | 104.64M | 98.22M | 102.78M | 102.78M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | 150% | - | - |
European energy price volatility
According to the latest quarterly financial data, Constellium's revenue growth has accelerated significantly, reaching 14.9% in 2026Q1, which follows a period of volatile top-line performance that saw growth rates as high as 40.5% in late 2025, suggesting a strong recovery in core industrial demand.
The recent acceleration in revenue appears to be driven by a combination of recovering aerospace build rates and increased content-per-vehicle in the automotive segment. Investors should monitor whether this growth trajectory is sustainable or if it reflects a temporary catch-up in supply chain fulfillment following previous periods of contraction.
As reported in recent income statements, Constellium achieved a gross margin of 17.1% in 2026Q1, marking a notable improvement from the 10.6% levels observed in 2025Q3, which suggests that the company is successfully leveraging its high-value-add product mix to offset persistent inflationary pressures in raw materials.
The expansion in gross margins indicates that the company's strategic focus on specialized aerospace alloys and EV battery enclosures is beginning to yield tangible pricing power. This shift away from commodity-linked packaging volumes may provide a more resilient margin profile if the company can maintain its current operational discipline.
Based on the provided financial figures, operating income has scaled to $230.0M in 2026Q1, demonstrating significant operating leverage as the company's operating margin expanded to 9.3% from the 4.0% trough recorded in 2025Q2, indicating that fixed costs are being absorbed more efficiently as production volumes rise.
The ability to grow operating income faster than gross profit suggests that management has successfully controlled SG&A expenses despite the recent surge in top-line activity. This trend warrants further investigation to determine if the current cost structure can support continued scaling without requiring substantial additional capital expenditure.
As indicated by the latest quarterly filings, net income reached $199.0M in 2026Q1, a substantial improvement from the negative earnings reported in 2024Q4, with the absence of stock-based compensation in recent periods suggesting a cleaner earnings profile that is less diluted by non-cash equity expenses.
The transition to consistent profitability appears to be supported by the stabilization of non-operating items and a more favorable tax environment compared to previous quarters. Investors should remain cautious, however, as the historical volatility in net margins suggests that the company's bottom line remains sensitive to external macroeconomic shocks.
Quick answers to the most common questions about buying CSTM stock.
For fiscal year 2025, Constellium SE (CSTM) reported total revenue of $8.45B. This represents a 137.6% increase compared to $3.56B in 2011.
Constellium SE (CSTM) is profitable, generating $273.0M in net income for the fiscal year ending 2025 with a net profit margin of 3.2%.
Constellium SE (CSTM) reported an operating income of $474.0M, resulting in an operating profit margin of 5.6%. This margin reflects the operational efficiency of the business before interest and taxes.
Constellium SE (CSTM) generated $857.0M in gross profit for the year, representing a gross profit margin of 10.1%. This demonstrates the company's core pricing power and production efficiency.