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阿普塔集团（ATR）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阿普塔集团的1.5倍（$1.4B vs $962.7M），孩之宝净利率更高（13.9% vs 7.7%，领先6.2%），孩之宝同比增速更快（31.3% vs 13.5%），孩之宝自由现金流更多（$389.5M vs $96.9M），过去两年孩之宝的营收复合增速更高（38.2% vs 2.6%）
阿普塔集团（AptarGroup, Inc.）是总部位于美国的全球性制造企业，主营消费品分配包装产品及药物给药装置的研发与生产，目前在全球18个国家设有生产运营基地，服务医药、快消等多领域客户。
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。
ATR vs HAS — 直观对比
营收规模更大
HAS
是对方的1.5倍
$962.7M
营收增速更快
HAS
高出17.7%
13.5%
净利率更高
HAS
高出6.2%
7.7%
自由现金流更多
HAS
多$292.6M
$96.9M
两年增速更快
HAS
近两年复合增速
2.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $962.7M | $1.4B |
| 净利润 | $74.3M | $201.6M |
| 毛利率 | — | 68.7% |
| 营业利润率 | 11.0% | 20.6% |
| 净利率 | 7.7% | 13.9% |
| 营收同比 | 13.5% | 31.3% |
| 净利润同比 | -26.4% | 687.8% |
| 每股收益（稀释后） | $1.13 | $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ATRHAS
| Q4 25 | $962.7M | $1.4B | ||
| Q3 25 | $961.1M | $1.4B | ||
| Q2 25 | $966.0M | $980.8M | ||
| Q1 25 | $887.3M | $887.1M | ||
| Q4 24 | $848.1M | $1.1B | ||
| Q3 24 | $909.3M | $1.3B | ||
| Q2 24 | $910.1M | $995.3M | ||
| Q1 24 | $915.4M | $757.3M |
净利润ATRHAS
| Q4 25 | $74.3M | $201.6M | ||
| Q3 25 | $127.9M | $233.2M | ||
| Q2 25 | $111.7M | $-855.8M | ||
| Q1 25 | $78.8M | $98.6M | ||
| Q4 24 | $100.9M | $-34.3M | ||
| Q3 24 | $100.0M | $223.2M | ||
| Q2 24 | $90.5M | $138.5M | ||
| Q1 24 | $83.1M | $58.2M |
毛利率ATRHAS
| Q4 25 | — | 68.7% | ||
| Q3 25 | — | 70.1% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 76.9% | ||
| Q4 24 | — | 67.4% | ||
| Q3 24 | — | 70.4% | ||
| Q2 24 | — | 76.1% | ||
| Q1 24 | — | 73.0% |
营业利润率ATRHAS
| Q4 25 | 11.0% | 20.6% | ||
| Q3 25 | 14.2% | 24.6% | ||
| Q2 25 | 14.9% | -81.4% | ||
| Q1 25 | 12.8% | 19.2% | ||
| Q4 24 | 14.2% | 5.4% | ||
| Q3 24 | 15.2% | 23.6% | ||
| Q2 24 | 13.8% | 21.3% | ||
| Q1 24 | 12.2% | 15.3% |
净利率ATRHAS
| Q4 25 | 7.7% | 13.9% | ||
| Q3 25 | 13.3% | 16.8% | ||
| Q2 25 | 11.6% | -87.3% | ||
| Q1 25 | 8.9% | 11.1% | ||
| Q4 24 | 11.9% | -3.1% | ||
| Q3 24 | 11.0% | 17.4% | ||
| Q2 24 | 9.9% | 13.9% | ||
| Q1 24 | 9.1% | 7.7% |
每股收益（稀释后）ATRHAS
| Q4 25 | $1.13 | $1.46 | ||
| Q3 25 | $1.92 | $1.64 | ||
| Q2 25 | $1.67 | $-6.10 | ||
| Q1 25 | $1.17 | $0.70 | ||
| Q4 24 | $1.48 | $-0.25 | ||
| Q3 24 | $1.48 | $1.59 | ||
| Q2 24 | $1.34 | $0.99 | ||
| Q1 24 | $1.23 | $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 | $409.5M | — |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $2.7B | $565.5M |
| 总资产 | $5.3B | $5.6B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资ATRHAS
| Q4 25 | $409.5M | — | ||
| Q3 25 | $264.8M | — | ||
| Q2 25 | $169.8M | — | ||
| Q1 25 | $136.8M | — | ||
| Q4 24 | $226.2M | — | ||
| Q3 24 | $327.9M | — | ||
| Q2 24 | $223.9M | — | ||
| Q1 24 | $201.1M | — |
总债务ATRHAS
| Q4 25 | $1.1B | — | ||
| Q3 25 | $546.0M | — | ||
| Q2 25 | $535.1M | — | ||
| Q1 25 | $561.2M | — | ||
| Q4 24 | $688.1M | — | ||
| Q3 24 | $822.7M | — | ||
| Q2 24 | $681.5M | — | ||
| Q1 24 | $680.4M | — |
股东权益ATRHAS
| Q4 25 | $2.7B | $565.5M | ||
| Q3 25 | $2.8B | $433.8M | ||
| Q2 25 | $2.7B | $269.7M | ||
| Q1 25 | $2.5B | $1.2B | ||
| Q4 24 | $2.5B | $1.2B | ||
| Q3 24 | $2.5B | $1.3B | ||
| Q2 24 | $2.4B | $1.2B | ||
| Q1 24 | $2.3B | $1.0B |
总资产ATRHAS
| Q4 25 | $5.3B | $5.6B | ||
| Q3 25 | $5.1B | $5.5B | ||
| Q2 25 | $4.9B | $5.2B | ||
| Q1 25 | $4.5B | $6.0B | ||
| Q4 24 | $4.4B | $6.3B | ||
| Q3 24 | $4.6B | $7.2B | ||
| Q2 24 | $4.5B | $6.9B | ||
| Q1 24 | $4.4B | $6.2B |
负债/权益比ATRHAS
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.20× | — | ||
| Q2 25 | 0.20× | — | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 0.28× | — | ||
| Q3 24 | 0.32× | — | ||
| Q2 24 | 0.28× | — | ||
| Q1 24 | 0.29× | — |
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 | $183.7M | $403.2M |
| 自由现金流经营现金流 - 资本支出 | $96.9M | $389.5M |
| 自由现金流率自由现金流/营收 | 10.1% | 26.9% |
| 资本支出强度资本支出/营收 | 9.0% | 0.9% |
| 现金转化率经营现金流/净利润 | 2.47× | 2.00× |
| 过去12个月自由现金流最近4个季度 | $299.6M | $829.9M |
8季度趋势，按日历期对齐
经营现金流ATRHAS
| Q4 25 | $183.7M | $403.2M | ||
| Q3 25 | $177.6M | $280.6M | ||
| Q2 25 | $126.0M | $71.3M | ||
| Q1 25 | $82.7M | $138.1M | ||
| Q4 24 | $178.2M | $259.8M | ||
| Q3 24 | $229.3M | $222.5M | ||
| Q2 24 | $143.6M | $187.3M | ||
| Q1 24 | $92.3M | $177.8M |
自由现金流ATRHAS
| Q4 25 | $96.9M | $389.5M | ||
| Q3 25 | $114.3M | $260.9M | ||
| Q2 25 | $62.5M | $55.2M | ||
| Q1 25 | $25.9M | $124.3M | ||
| Q4 24 | $112.2M | $200.8M | ||
| Q3 24 | $162.7M | $174.0M | ||
| Q2 24 | $75.4M | $135.4M | ||
| Q1 24 | $16.7M | $132.0M |
自由现金流率ATRHAS
| Q4 25 | 10.1% | 26.9% | ||
| Q3 25 | 11.9% | 18.8% | ||
| Q2 25 | 6.5% | 5.6% | ||
| Q1 25 | 2.9% | 14.0% | ||
| Q4 24 | 13.2% | 18.2% | ||
| Q3 24 | 17.9% | 13.6% | ||
| Q2 24 | 8.3% | 13.6% | ||
| Q1 24 | 1.8% | 17.4% |
资本支出强度ATRHAS
| Q4 25 | 9.0% | 0.9% | ||
| Q3 25 | 6.6% | 1.4% | ||
| Q2 25 | 6.6% | 1.6% | ||
| Q1 25 | 6.4% | 1.6% | ||
| Q4 24 | 7.8% | 5.4% | ||
| Q3 24 | 7.3% | 3.8% | ||
| Q2 24 | 7.5% | 5.2% | ||
| Q1 24 | 8.3% | 6.0% |
现金转化率ATRHAS
| Q4 25 | 2.47× | 2.00× | ||
| Q3 25 | 1.39× | 1.20× | ||
| Q2 25 | 1.13× | — | ||
| Q1 25 | 1.05× | 1.40× | ||
| Q4 24 | 1.77× | — | ||
| Q3 24 | 2.29× | 1.00× | ||
| Q2 24 | 1.59× | 1.35× | ||
| Q1 24 | 1.11× | 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
ATR
| Pharma Segment | $833.1M | 87% |
| Other | $129.6M | 13% |
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% |
