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艾仕得（AXTA）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艾仕得的1.1倍（$1.4B vs $1.3B），孩之宝净利率更高（13.9% vs 4.8%，领先9.2%），孩之宝同比增速更快（31.3% vs -3.7%），孩之宝自由现金流更多（$389.5M vs $286.0M），过去两年孩之宝的营收复合增速更高（38.2% vs -1.2%）
艾仕得是源自美国的专业涂料供应商，总部位于宾夕法尼亚州费城，注册地为百慕大。公司主营乘用车、商用车、工业场景及修补用途涂料的研发与生产，业务覆盖全球130个国家，拥有近1.3万名员工，服务超10万家客户。
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。
AXTA vs HAS — 直观对比
营收规模更大
HAS
是对方的1.1倍
$1.3B
营收增速更快
HAS
高出35.0%
-3.7%
净利率更高
HAS
高出9.2%
4.8%
自由现金流更多
HAS
多$103.5M
$286.0M
两年增速更快
HAS
近两年复合增速
-1.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.4B |
| 净利润 | $60.0M | $201.6M |
| 毛利率 | 33.4% | 68.7% |
| 营业利润率 | 12.8% | 20.6% |
| 净利率 | 4.8% | 13.9% |
| 营收同比 | -3.7% | 31.3% |
| 净利润同比 | -56.2% | 687.8% |
| 每股收益（稀释后） | $0.28 | $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AXTAHAS
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.3B | $980.8M | ||
| Q1 25 | $1.3B | $887.1M | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $1.4B | $995.3M | ||
| Q1 24 | $1.3B | $757.3M |
净利润AXTAHAS
| Q4 25 | $60.0M | $201.6M | ||
| Q3 25 | $110.0M | $233.2M | ||
| Q2 25 | $109.0M | $-855.8M | ||
| Q1 25 | $99.0M | $98.6M | ||
| Q4 24 | $137.0M | $-34.3M | ||
| Q3 24 | $101.0M | $223.2M | ||
| Q2 24 | $112.0M | $138.5M | ||
| Q1 24 | $41.0M | $58.2M |
毛利率AXTAHAS
| Q4 25 | 33.4% | 68.7% | ||
| Q3 25 | 34.9% | 70.1% | ||
| Q2 25 | 35.0% | 77.0% | ||
| Q1 25 | 34.3% | 76.9% | ||
| Q4 24 | 34.1% | 67.4% | ||
| Q3 24 | 35.0% | 70.4% | ||
| Q2 24 | 34.0% | 76.1% | ||
| Q1 24 | 33.2% | 73.0% |
营业利润率AXTAHAS
| Q4 25 | 12.8% | 20.6% | ||
| Q3 25 | 15.8% | 24.6% | ||
| Q2 25 | 14.8% | -81.4% | ||
| Q1 25 | 13.9% | 19.2% | ||
| Q4 24 | 14.3% | 5.4% | ||
| Q3 24 | 14.6% | 23.6% | ||
| Q2 24 | 15.2% | 21.3% | ||
| Q1 24 | 9.4% | 15.3% |
净利率AXTAHAS
| Q4 25 | 4.8% | 13.9% | ||
| Q3 25 | 8.5% | 16.8% | ||
| Q2 25 | 8.4% | -87.3% | ||
| Q1 25 | 7.8% | 11.1% | ||
| Q4 24 | 10.5% | -3.1% | ||
| Q3 24 | 7.7% | 17.4% | ||
| Q2 24 | 8.3% | 13.9% | ||
| Q1 24 | 3.2% | 7.7% |
每股收益（稀释后）AXTAHAS
| Q4 25 | $0.28 | $1.46 | ||
| Q3 25 | $0.51 | $1.64 | ||
| Q2 25 | $0.50 | $-6.10 | ||
| Q1 25 | $0.45 | $0.70 | ||
| Q4 24 | $0.63 | $-0.25 | ||
| Q3 24 | $0.46 | $1.59 | ||
| Q2 24 | $0.51 | $0.99 | ||
| Q1 24 | $0.18 | $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 | $657.0M | — |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.3B | $565.5M |
| 总资产 | $7.6B | $5.6B |
| 负债/权益比越低杠杆越低 | 1.36× | — |
8季度趋势，按日历期对齐
现金及短期投资AXTAHAS
| Q4 25 | $657.0M | — | ||
| Q3 25 | $606.0M | — | ||
| Q2 25 | $625.0M | — | ||
| Q1 25 | $575.0M | — | ||
| Q4 24 | $593.0M | — | ||
| Q3 24 | $567.0M | — | ||
| Q2 24 | $840.0M | — | ||
| Q1 24 | $624.0M | — |
总债务AXTAHAS
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.4B | — | ||
| Q1 25 | $3.4B | — | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | $3.5B | — | ||
| Q2 24 | $3.6B | — | ||
| Q1 24 | $3.4B | — |
股东权益AXTAHAS
| Q4 25 | $2.3B | $565.5M | ||
| Q3 25 | $2.3B | $433.8M | ||
| Q2 25 | $2.3B | $269.7M | ||
| Q1 25 | $2.1B | $1.2B | ||
| Q4 24 | $1.9B | $1.2B | ||
| Q3 24 | $1.9B | $1.3B | ||
| Q2 24 | $1.8B | $1.2B | ||
| Q1 24 | $1.7B | $1.0B |
总资产AXTAHAS
| Q4 25 | $7.6B | $5.6B | ||
| Q3 25 | $7.8B | $5.5B | ||
| Q2 25 | $7.8B | $5.2B | ||
| Q1 25 | $7.4B | $6.0B | ||
| Q4 24 | $7.2B | $6.3B | ||
| Q3 24 | $7.5B | $7.2B | ||
| Q2 24 | $7.3B | $6.9B | ||
| Q1 24 | $7.1B | $6.2B |
负债/权益比AXTAHAS
| Q4 25 | 1.36× | — | ||
| Q3 25 | 1.48× | — | ||
| Q2 25 | 1.50× | — | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 1.78× | — | ||
| Q3 24 | 1.84× | — | ||
| Q2 24 | 2.02× | — | ||
| Q1 24 | 1.97× | — |
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 | $344.0M | $403.2M |
| 自由现金流经营现金流 - 资本支出 | $286.0M | $389.5M |
| 自由现金流率自由现金流/营收 | 22.7% | 26.9% |
| 资本支出强度资本支出/营收 | 4.6% | 0.9% |
| 现金转化率经营现金流/净利润 | 5.73× | 2.00× |
| 过去12个月自由现金流最近4个季度 | $453.0M | $829.9M |
8季度趋势，按日历期对齐
经营现金流AXTAHAS
| Q4 25 | $344.0M | $403.2M | ||
| Q3 25 | $137.0M | $280.6M | ||
| Q2 25 | $142.0M | $71.3M | ||
| Q1 25 | $26.0M | $138.1M | ||
| Q4 24 | $234.0M | $259.8M | ||
| Q3 24 | $194.0M | $222.5M | ||
| Q2 24 | $114.0M | $187.3M | ||
| Q1 24 | $34.0M | $177.8M |
自由现金流AXTAHAS
| Q4 25 | $286.0M | $389.5M | ||
| Q3 25 | $87.0M | $260.9M | ||
| Q2 25 | $97.0M | $55.2M | ||
| Q1 25 | $-17.0M | $124.3M | ||
| Q4 24 | $172.0M | $200.8M | ||
| Q3 24 | $161.0M | $174.0M | ||
| Q2 24 | $91.0M | $135.4M | ||
| Q1 24 | $12.0M | $132.0M |
自由现金流率AXTAHAS
| Q4 25 | 22.7% | 26.9% | ||
| Q3 25 | 6.8% | 18.8% | ||
| Q2 25 | 7.4% | 5.6% | ||
| Q1 25 | -1.3% | 14.0% | ||
| Q4 24 | 13.1% | 18.2% | ||
| Q3 24 | 12.2% | 13.6% | ||
| Q2 24 | 6.7% | 13.6% | ||
| Q1 24 | 0.9% | 17.4% |
资本支出强度AXTAHAS
| Q4 25 | 4.6% | 0.9% | ||
| Q3 25 | 3.9% | 1.4% | ||
| Q2 25 | 3.4% | 1.6% | ||
| Q1 25 | 3.4% | 1.6% | ||
| Q4 24 | 4.7% | 5.4% | ||
| Q3 24 | 2.5% | 3.8% | ||
| Q2 24 | 1.7% | 5.2% | ||
| Q1 24 | 1.7% | 6.0% |
现金转化率AXTAHAS
| Q4 25 | 5.73× | 2.00× | ||
| Q3 25 | 1.25× | 1.20× | ||
| Q2 25 | 1.30× | — | ||
| Q1 25 | 0.26× | 1.40× | ||
| Q4 24 | 1.71× | — | ||
| Q3 24 | 1.92× | 1.00× | ||
| Q2 24 | 1.02× | 1.35× | ||
| Q1 24 | 0.83× | 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
AXTA
| Refinish | $509.0M | 40% |
| Light Vehicle | $372.0M | 29% |
| Industrial | $282.0M | 22% |
| Commercial Vehicle | $99.0M | 8% |
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% |
