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雅保（ALB）与孩之宝（HAS）财务数据对比。点击上方公司名可切换其他公司
孩之宝的季度营收约是雅保的1.0倍（$1.4B vs $1.4B），孩之宝净利率更高（13.9% vs -29.0%，领先42.9%），孩之宝同比增速更快（31.3% vs 15.9%），孩之宝自由现金流更多（$389.5M vs $233.1M），过去两年孩之宝的营收复合增速更高（38.2% vs 2.4%）
雅保是全球知名的特种化学品企业，业务覆盖研发、生产与全球销售，下设锂、溴、催化剂三大板块。锂业务线供应碳酸锂、氢氧化锂、氯化锂等锂化合物及相关试剂，产品广泛应用于消费电子、电动汽车锂电池、高性能润滑脂、热塑性弹性体等领域。
孩之宝是1923年12月6日成立的美国跨国玩具制造与娱乐控股企业，总部位于罗德岛州波塔基特。旗下拥有Kenner、米尔顿·布拉德利、派克兄弟、威世智等知名品牌，持有大量热门IP商标权，业务覆盖玩具生产、游戏开发、娱乐内容出品等多个领域。
ALB vs HAS — 直观对比
营收规模更大
HAS
是对方的1.0倍
$1.4B
营收增速更快
HAS
高出15.3%
15.9%
净利率更高
HAS
高出42.9%
-29.0%
自由现金流更多
HAS
多$156.4M
$233.1M
两年增速更快
HAS
近两年复合增速
2.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.4B |
| 净利润 | $-414.2M | $201.6M |
| 毛利率 | 13.9% | 68.7% |
| 营业利润率 | -15.2% | 20.6% |
| 净利率 | -29.0% | 13.9% |
| 营收同比 | 15.9% | 31.3% |
| 净利润同比 | -650.1% | 687.8% |
| 每股收益（稀释后） | $-3.88 | $1.46 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ALBHAS
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.3B | $980.8M | ||
| Q1 25 | $1.1B | $887.1M | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.4B | $995.3M | ||
| Q1 24 | $1.4B | $757.3M |
净利润ALBHAS
| Q4 25 | $-414.2M | $201.6M | ||
| Q3 25 | $-160.7M | $233.2M | ||
| Q2 25 | $22.9M | $-855.8M | ||
| Q1 25 | $41.3M | $98.6M | ||
| Q4 24 | $75.3M | $-34.3M | ||
| Q3 24 | $-1.1B | $223.2M | ||
| Q2 24 | $-188.2M | $138.5M | ||
| Q1 24 | $2.4M | $58.2M |
毛利率ALBHAS
| Q4 25 | 13.9% | 68.7% | ||
| Q3 25 | 9.0% | 70.1% | ||
| Q2 25 | 14.8% | 77.0% | ||
| Q1 25 | 14.5% | 76.9% | ||
| Q4 24 | 11.2% | 67.4% | ||
| Q3 24 | -7.7% | 70.4% | ||
| Q2 24 | -0.7% | 76.1% | ||
| Q1 24 | 2.9% | 73.0% |
营业利润率ALBHAS
| Q4 25 | -15.2% | 20.6% | ||
| Q3 25 | -16.6% | 24.6% | ||
| Q2 25 | 3.6% | -81.4% | ||
| Q1 25 | 1.8% | 19.2% | ||
| Q4 24 | 0.4% | 5.4% | ||
| Q3 24 | -81.9% | 23.6% | ||
| Q2 24 | -34.4% | 21.3% | ||
| Q1 24 | -13.2% | 15.3% |
净利率ALBHAS
| Q4 25 | -29.0% | 13.9% | ||
| Q3 25 | -12.3% | 16.8% | ||
| Q2 25 | 1.7% | -87.3% | ||
| Q1 25 | 3.8% | 11.1% | ||
| Q4 24 | 6.1% | -3.1% | ||
| Q3 24 | -78.9% | 17.4% | ||
| Q2 24 | -13.2% | 13.9% | ||
| Q1 24 | 0.2% | 7.7% |
每股收益（稀释后）ALBHAS
| Q4 25 | $-3.88 | $1.46 | ||
| Q3 25 | $-1.72 | $1.64 | ||
| Q2 25 | $-0.16 | $-6.10 | ||
| Q1 25 | $0.00 | $0.70 | ||
| Q4 24 | $0.29 | $-0.25 | ||
| Q3 24 | $-9.45 | $1.59 | ||
| Q2 24 | $-1.96 | $0.99 | ||
| Q1 24 | $-0.08 | $0.42 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | — |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $9.5B | $565.5M |
| 总资产 | $16.4B | $5.6B |
| 负债/权益比越低杠杆越低 | 0.33× | — |
8季度趋势，按日历期对齐
现金及短期投资ALBHAS
| Q4 25 | — | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $2.1B | — |
总债务ALBHAS
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.6B | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.5B | — | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | $3.6B | — | ||
| Q2 24 | $3.5B | — | ||
| Q1 24 | $3.5B | — |
股东权益ALBHAS
| Q4 25 | $9.5B | $565.5M | ||
| Q3 25 | $10.0B | $433.8M | ||
| Q2 25 | $10.2B | $269.7M | ||
| Q1 25 | $10.0B | $1.2B | ||
| Q4 24 | $10.0B | $1.2B | ||
| Q3 24 | $10.2B | $1.3B | ||
| Q2 24 | $11.2B | $1.2B | ||
| Q1 24 | $11.5B | $1.0B |
总资产ALBHAS
| Q4 25 | $16.4B | $5.6B | ||
| Q3 25 | $17.1B | $5.5B | ||
| Q2 25 | $17.3B | $5.2B | ||
| Q1 25 | $17.0B | $6.0B | ||
| Q4 24 | $16.6B | $6.3B | ||
| Q3 24 | $17.5B | $7.2B | ||
| Q2 24 | $18.4B | $6.9B | ||
| Q1 24 | $19.0B | $6.2B |
负债/权益比ALBHAS
| Q4 25 | 0.33× | — | ||
| Q3 25 | 0.36× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 0.35× | — | ||
| Q3 24 | 0.35× | — | ||
| Q2 24 | 0.31× | — | ||
| Q1 24 | 0.31× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $388.5M | $403.2M |
| 自由现金流经营现金流 - 资本支出 | $233.1M | $389.5M |
| 自由现金流率自由现金流/营收 | 16.3% | 26.9% |
| 资本支出强度资本支出/营收 | 10.9% | 0.9% |
| 现金转化率经营现金流/净利润 | — | 2.00× |
| 过去12个月自由现金流最近4个季度 | $692.5M | $829.9M |
8季度趋势，按日历期对齐
经营现金流ALBHAS
| Q4 25 | $388.5M | $403.2M | ||
| Q3 25 | $355.6M | $280.6M | ||
| Q2 25 | $-7.2M | $71.3M | ||
| Q1 25 | $545.4M | $138.1M | ||
| Q4 24 | $674.0K | $259.8M | ||
| Q3 24 | $240.5M | $222.5M | ||
| Q2 24 | $362.9M | $187.3M | ||
| Q1 24 | $98.0M | $177.8M |
自由现金流ALBHAS
| Q4 25 | $233.1M | $389.5M | ||
| Q3 25 | $223.4M | $260.9M | ||
| Q2 25 | $-126.8M | $55.2M | ||
| Q1 25 | $362.8M | $124.3M | ||
| Q4 24 | $-355.1M | $200.8M | ||
| Q3 24 | $-62.6M | $174.0M | ||
| Q2 24 | $-84.7M | $135.4M | ||
| Q1 24 | $-481.4M | $132.0M |
自由现金流率ALBHAS
| Q4 25 | 16.3% | 26.9% | ||
| Q3 25 | 17.1% | 18.8% | ||
| Q2 25 | -9.5% | 5.6% | ||
| Q1 25 | 33.7% | 14.0% | ||
| Q4 24 | -28.8% | 18.2% | ||
| Q3 24 | -4.6% | 13.6% | ||
| Q2 24 | -5.9% | 13.6% | ||
| Q1 24 | -35.4% | 17.4% |
资本支出强度ALBHAS
| Q4 25 | 10.9% | 0.9% | ||
| Q3 25 | 10.1% | 1.4% | ||
| Q2 25 | 9.0% | 1.6% | ||
| Q1 25 | 17.0% | 1.6% | ||
| Q4 24 | 28.9% | 5.4% | ||
| Q3 24 | 22.4% | 3.8% | ||
| Q2 24 | 31.3% | 5.2% | ||
| Q1 24 | 42.6% | 6.0% |
现金转化率ALBHAS
| Q4 25 | — | 2.00× | ||
| Q3 25 | — | 1.20× | ||
| Q2 25 | -0.31× | — | ||
| Q1 25 | 13.19× | 1.40× | ||
| Q4 24 | 0.01× | — | ||
| Q3 24 | — | 1.00× | ||
| Q2 24 | — | 1.35× | ||
| Q1 24 | 40.01× | 3.05× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ALB
| Energy Storage | $759.1M | 53% |
| Specialties | $348.9M | 24% |
| Ketjen | $320.1M | 22% |
HAS
| Grow Brands | $1.1B | 75% |
| Optimize Brands | $188.7M | 13% |
| Digital And Licensing Gaming | $135.7M | 9% |
| Class Of Principal Product Family Brands | $13.1M | 1% |
| Filmand TV | $2.4M | 0% |
