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BGC Group, Inc.（BGC）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BGC Group, Inc.的1.5倍（$1.4B vs $955.5M），孩之宝净利率更高（13.9% vs 8.4%，领先5.5%），BGC Group, Inc.同比增速更快（43.8% vs 31.3%），过去两年BGC Group, Inc.的营收复合增速更高（48.2% vs 38.2%）
BGC集团是一家总部位于纽约和伦敦的美国全球性金融服务企业，最初隶属于康托·菲茨杰拉德集团，2004年正式独立运营，业务范围覆盖全球金融市场相关服务领域。
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。
BGC vs HAS — 直观对比
营收规模更大
HAS
是对方的1.5倍
$955.5M
营收增速更快
BGC
高出12.5%
31.3%
净利率更高
HAS
高出5.5%
8.4%
两年增速更快
BGC
近两年复合增速
38.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $955.5M | $1.4B |
| 净利润 | $80.6M | $201.6M |
| 毛利率 | — | 68.7% |
| 营业利润率 | — | 20.6% |
| 净利率 | 8.4% | 13.9% |
| 营收同比 | 43.8% | 31.3% |
| 净利润同比 | — | 687.8% |
| 每股收益（稀释后） | $0.17 | $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BGCHAS
| Q1 26 | $955.5M | — | ||
| Q4 25 | $638.6M | $1.4B | ||
| Q3 25 | $620.8M | $1.4B | ||
| Q2 25 | $648.0M | $980.8M | ||
| Q1 25 | $534.6M | $887.1M | ||
| Q4 24 | $475.2M | $1.1B | ||
| Q3 24 | $448.9M | $1.3B | ||
| Q2 24 | $435.0M | $995.3M |
净利润BGCHAS
| Q1 26 | $80.6M | — | ||
| Q4 25 | $14.4M | $201.6M | ||
| Q3 25 | $27.9M | $233.2M | ||
| Q2 25 | $57.5M | $-855.8M | ||
| Q1 25 | $55.2M | $98.6M | ||
| Q4 24 | $25.2M | $-34.3M | ||
| Q3 24 | $14.7M | $223.2M | ||
| Q2 24 | $37.8M | $138.5M |
毛利率BGCHAS
| Q1 26 | — | — | ||
| 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% |
营业利润率BGCHAS
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 20.6% | ||
| Q3 25 | 5.4% | 24.6% | ||
| Q2 25 | 11.6% | -81.4% | ||
| Q1 25 | 15.0% | 19.2% | ||
| Q4 24 | 5.7% | 5.4% | ||
| Q3 24 | 4.4% | 23.6% | ||
| Q2 24 | 12.7% | 21.3% |
净利率BGCHAS
| Q1 26 | 8.4% | — | ||
| Q4 25 | 2.3% | 13.9% | ||
| Q3 25 | 4.5% | 16.8% | ||
| Q2 25 | 8.9% | -87.3% | ||
| Q1 25 | 10.3% | 11.1% | ||
| Q4 24 | 5.3% | -3.1% | ||
| Q3 24 | 3.3% | 17.4% | ||
| Q2 24 | 8.7% | 13.9% |
每股收益（稀释后）BGCHAS
| Q1 26 | $0.17 | — | ||
| Q4 25 | $0.03 | $1.46 | ||
| Q3 25 | $0.06 | $1.64 | ||
| Q2 25 | $0.11 | $-6.10 | ||
| Q1 25 | $0.11 | $0.70 | ||
| Q4 24 | $0.04 | $-0.25 | ||
| Q3 24 | $0.03 | $1.59 | ||
| Q2 24 | $0.08 | $0.99 |
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 | $781.0M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $565.5M |
| 总资产 | $5.9B | $5.6B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BGCHAS
| Q1 26 | $781.0M | — | ||
| Q4 25 | $851.5M | — | ||
| Q3 25 | $774.9M | — | ||
| Q2 25 | $827.8M | — | ||
| Q1 25 | $966.4M | — | ||
| Q4 24 | $711.6M | — | ||
| Q3 24 | $563.5M | — | ||
| Q2 24 | $571.7M | — |
总债务BGCHAS
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — |
股东权益BGCHAS
| Q1 26 | $1.1B | — | ||
| Q4 25 | $972.5M | $565.5M | ||
| Q3 25 | $965.3M | $433.8M | ||
| Q2 25 | $930.5M | $269.7M | ||
| Q1 25 | $963.8M | $1.2B | ||
| Q4 24 | $898.5M | $1.2B | ||
| Q3 24 | $860.1M | $1.3B | ||
| Q2 24 | $858.1M | $1.2B |
总资产BGCHAS
| Q1 26 | $5.9B | — | ||
| Q4 25 | $4.4B | $5.6B | ||
| Q3 25 | $5.8B | $5.5B | ||
| Q2 25 | $4.9B | $5.2B | ||
| Q1 25 | $4.9B | $6.0B | ||
| Q4 24 | $3.6B | $6.3B | ||
| Q3 24 | $4.4B | $7.2B | ||
| Q2 24 | $4.3B | $6.9B |
负债/权益比BGCHAS
| Q1 26 | — | — | ||
| Q4 25 | 1.58× | — | ||
| Q3 25 | 1.90× | — | ||
| Q2 25 | 1.97× | — | ||
| Q1 25 | 1.19× | — | ||
| Q4 24 | 1.27× | — | ||
| Q3 24 | 1.68× | — | ||
| Q2 24 | 1.68× | — |
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 | — | $403.2M |
| 自由现金流经营现金流 - 资本支出 | — | $389.5M |
| 自由现金流率自由现金流/营收 | — | 26.9% |
| 资本支出强度资本支出/营收 | — | 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 | — | $829.9M |
8季度趋势，按日历期对齐
经营现金流BGCHAS
| Q1 26 | — | — | ||
| Q4 25 | $180.4M | $403.2M | ||
| Q3 25 | $141.9M | $280.6M | ||
| Q2 25 | $71.2M | $71.3M | ||
| Q1 25 | $839.0K | $138.1M | ||
| Q4 24 | $251.9M | $259.8M | ||
| Q3 24 | $88.3M | $222.5M | ||
| Q2 24 | $-53.0M | $187.3M |
自由现金流BGCHAS
| Q1 26 | — | — | ||
| Q4 25 | $175.1M | $389.5M | ||
| Q3 25 | $137.2M | $260.9M | ||
| Q2 25 | $65.0M | $55.2M | ||
| Q1 25 | $-4.4M | $124.3M | ||
| Q4 24 | $245.6M | $200.8M | ||
| Q3 24 | $78.8M | $174.0M | ||
| Q2 24 | $-63.5M | $135.4M |
自由现金流率BGCHAS
| Q1 26 | — | — | ||
| Q4 25 | 27.4% | 26.9% | ||
| Q3 25 | 22.1% | 18.8% | ||
| Q2 25 | 10.0% | 5.6% | ||
| Q1 25 | -0.8% | 14.0% | ||
| Q4 24 | 51.7% | 18.2% | ||
| Q3 24 | 17.5% | 13.6% | ||
| Q2 24 | -14.6% | 13.6% |
资本支出强度BGCHAS
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 0.9% | ||
| Q3 25 | 0.8% | 1.4% | ||
| Q2 25 | 1.0% | 1.6% | ||
| Q1 25 | 1.0% | 1.6% | ||
| Q4 24 | 1.3% | 5.4% | ||
| Q3 24 | 2.1% | 3.8% | ||
| Q2 24 | 2.4% | 5.2% |
现金转化率BGCHAS
| Q1 26 | — | — | ||
| Q4 25 | 12.55× | 2.00× | ||
| Q3 25 | 5.09× | 1.20× | ||
| Q2 25 | 1.24× | — | ||
| Q1 25 | 0.02× | 1.40× | ||
| Q4 24 | 9.99× | — | ||
| Q3 24 | 5.99× | 1.00× | ||
| Q2 24 | -1.40× | 1.35× |
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
BGC
| Commissions | $752.9M | 79% |
| Principal transactions | $142.9M | 15% |
| Data, network and post-trade | $34.5M | 4% |
| Other revenues | $10.3M | 1% |
| Fees from related parties | $4.3M | 0% |
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% |
