Short answer
CONSTELLIUM SE (CSTM) filed its fiscal 2025 10-K annual report with the SEC on Feb 25, 2026. It reported revenue of $8.4B (+15.2% year over year) and net income of $273M.
- Top risk flagged: Regulatory risk from evolving U.S. trade policies and tariffs initiated in 2025 impacting costs and market access
FY2025 key financial metrics · XBRL
- Revenue
- $8.4B
- +15.2% YoY
- Net income
- $273M
- +387.5% YoY
- EPS (diluted)
- $1.92
- +405.3% YoY
- ROE
- 28.7%
- +20.7 pp YoY
- Operating cash flow
- $489M
- +62.5% YoY
Source: XBRL data from the CONSTELLIUM SE (CSTM) FY2025 10-K on SEC EDGAR. USD.
CONSTELLIUM SE FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: global producer of high value-added specialty rolled and extruded aluminum products for aerospace, packaging, automotive, and industrial sectors
- Newly emphasized: intensified focus on sustainable aluminum products with expanded recycling capabilities and innovations supporting carbon-reduction goals
- Strategic shift: U.S. listing status changed as of June 30, 2025, no longer a foreign private issuer, now fully compliant with SEC rules for domestic issuers
- R&D investment stable at $51 million in 2025, supporting advanced alloys like Airware® and automotive lightweighting technologies
- Metal supply consolidation: top 10 metal suppliers accounted for ~49% of metal purchases by volume in 2025, reflecting strong supplier relationships
Management Discussion & Analysis
- Revenue $8,449M, up 15% YoY from $7,335M driven by higher shipments (+4%) and metal prices
- Operating margin (Income before tax / Revenue) 4.8% in 2025 vs 1.8% in 2024; Net income margin 3.3% vs 0.8%
- Best segment: P&ARP revenue $5,078M (+21%) and EBITDA $353M (+46%, 7% margin); Worst segment: AS&I EBITDA $72M (-3%, 5% margin)
- Operating cash flow $489M up $188M; Capex $311M; Share repurchases $115M for 8.9M shares; No dividends disclosed
- Outlook: Stable demand early 2026, benefit from auto supply shortages, focus on operational performance, cost control, and cash flow generation
Risk Factors
- Regulatory risk from evolving U.S. trade policies and tariffs initiated in 2025 impacting costs and market access
- Geopolitical risk from Russia-Ukraine conflict disrupting supply chains and market stability in key international regions
- Operational risk from flooding at Valais facility June 2024 causing production disruptions and damage
- Competitive threat from low-cost producers and emerging materials (steel, composites) in regions with lower environmental standards
- Financial risk from customer concentration with dependent dedicated facilities increasing exposure to contract non-renewal or volume loss
Generated from the filing text; verify against the original. How to read a 10-K
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.