CONSTELLIUM SE (CSTM) FY2025 10-K Annual Report
CONSTELLIUM SE (CSTM) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 25, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
CONSTELLIUM SE FY2025 10-K Analysis
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
CONSTELLIUM SE FY2025 Key Financial MetricsXBRL
Revenue
$8.4B
▲ +15.2% YoY
Net Income
$273M
▲ +387.5% YoY
Net Margin
3.2%
▲ +247bp YoY
ROE
28.7%
▲ +2074bp YoY
Total Assets
$5.4B
▲ +13.1% YoY
EPS (Diluted)
$1.92
▲ +405.3% YoY
Operating Cash Flow
$489M
▲ +62.5% YoY
Source: XBRL data from CONSTELLIUM SE FY2025 10-K filing on SEC EDGAR. All figures in USD.
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