vs
Equinix（EQIX）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
Equinix的季度营收约是孩之宝的1.7倍（$2.4B vs $1.4B），孩之宝净利率更高（13.9% vs 11.0%，领先3.0%），孩之宝同比增速更快（31.3% vs 8.8%），过去两年孩之宝的营收复合增速更高（38.2% vs 5.9%）
Equinix是总部位于美国加利福尼亚州雷德伍德城的跨国企业，主营互联网连接服务与数据中心托管业务，旗下数据中心此前常被业内称为“运营商酒店”，2015年1月公司正式转型为房地产投资信托基金（REIT）。
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。
EQIX vs HAS — 直观对比
营收规模更大
EQIX
是对方的1.7倍
$1.4B
营收增速更快
HAS
高出22.5%
8.8%
净利率更高
HAS
高出3.0%
11.0%
两年增速更快
HAS
近两年复合增速
5.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $1.4B |
| 净利润 | $265.0M | $201.6M |
| 毛利率 | 50.5% | 68.7% |
| 营业利润率 | 17.4% | 20.6% |
| 净利率 | 11.0% | 13.9% |
| 营收同比 | 8.8% | 31.3% |
| 净利润同比 | -22.7% | 687.8% |
| 每股收益（稀释后） | $2.70 | $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EQIXHAS
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | $1.4B | ||
| Q3 25 | $2.3B | $1.4B | ||
| Q2 25 | $2.3B | $980.8M | ||
| Q1 25 | $2.2B | $887.1M | ||
| Q4 24 | $2.3B | $1.1B | ||
| Q3 24 | $2.2B | $1.3B | ||
| Q2 24 | $2.2B | $995.3M |
净利润EQIXHAS
| Q1 26 | $265.0M | — | ||
| Q4 25 | $265.0M | $201.6M | ||
| Q3 25 | $374.0M | $233.2M | ||
| Q2 25 | $368.0M | $-855.8M | ||
| Q1 25 | $343.0M | $98.6M | ||
| Q4 24 | $-14.0M | $-34.3M | ||
| Q3 24 | $297.0M | $223.2M | ||
| Q2 24 | $301.0M | $138.5M |
毛利率EQIXHAS
| Q1 26 | 50.5% | — | ||
| Q4 25 | 50.5% | 68.7% | ||
| Q3 25 | 50.7% | 70.1% | ||
| Q2 25 | 52.0% | 77.0% | ||
| Q1 25 | 51.3% | 76.9% | ||
| Q4 24 | 47.1% | 67.4% | ||
| Q3 24 | 50.1% | 70.4% | ||
| Q2 24 | 49.9% | 76.1% |
营业利润率EQIXHAS
| Q1 26 | 17.4% | — | ||
| Q4 25 | 17.4% | 20.6% | ||
| Q3 25 | 20.5% | 24.6% | ||
| Q2 25 | 21.9% | -81.4% | ||
| Q1 25 | 20.6% | 19.2% | ||
| Q4 24 | 4.6% | 5.4% | ||
| Q3 24 | 19.3% | 23.6% | ||
| Q2 24 | 20.2% | 21.3% |
净利率EQIXHAS
| Q1 26 | 11.0% | — | ||
| Q4 25 | 11.0% | 13.9% | ||
| Q3 25 | 16.1% | 16.8% | ||
| Q2 25 | 16.3% | -87.3% | ||
| Q1 25 | 15.4% | 11.1% | ||
| Q4 24 | -0.6% | -3.1% | ||
| Q3 24 | 13.5% | 17.4% | ||
| Q2 24 | 13.9% | 13.9% |
每股收益（稀释后）EQIXHAS
| Q1 26 | $2.70 | — | ||
| Q4 25 | $2.70 | $1.46 | ||
| Q3 25 | $3.81 | $1.64 | ||
| Q2 25 | $3.75 | $-6.10 | ||
| Q1 25 | $3.50 | $0.70 | ||
| Q4 24 | $-0.19 | $-0.25 | ||
| Q3 24 | $3.10 | $1.59 | ||
| Q2 24 | $3.16 | $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 | $3.2B | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $14.2B | $565.5M |
| 总资产 | $40.1B | $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EQIXHAS
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | — | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $3.6B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $2.0B | — |
总债务EQIXHAS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $17.3B | — | ||
| Q2 25 | $18.1B | — | ||
| Q1 25 | $15.9B | — | ||
| Q4 24 | $15.3B | — | ||
| Q3 24 | $15.4B | — | ||
| Q2 24 | $14.5B | — |
股东权益EQIXHAS
| Q1 26 | $14.2B | — | ||
| Q4 25 | $14.2B | $565.5M | ||
| Q3 25 | $14.2B | $433.8M | ||
| Q2 25 | $14.1B | $269.7M | ||
| Q1 25 | $13.9B | $1.2B | ||
| Q4 24 | $13.5B | $1.2B | ||
| Q3 24 | $13.6B | $1.3B | ||
| Q2 24 | $12.3B | $1.2B |
总资产EQIXHAS
| Q1 26 | $40.1B | — | ||
| Q4 25 | $40.1B | $5.6B | ||
| Q3 25 | $38.1B | $5.5B | ||
| Q2 25 | $38.8B | $5.2B | ||
| Q1 25 | $36.1B | $6.0B | ||
| Q4 24 | $35.1B | $6.3B | ||
| Q3 24 | $35.4B | $7.2B | ||
| Q2 24 | $32.9B | $6.9B |
负债/权益比EQIXHAS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.22× | — | ||
| Q2 25 | 1.28× | — | ||
| Q1 25 | 1.14× | — | ||
| Q4 24 | 1.13× | — | ||
| Q3 24 | 1.13× | — | ||
| Q2 24 | 1.18× | — |
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EQIXHAS
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $403.2M | ||
| Q3 25 | $1.0B | $280.6M | ||
| Q2 25 | $944.0M | $71.3M | ||
| Q1 25 | $809.0M | $138.1M | ||
| Q4 24 | $981.0M | $259.8M | ||
| Q3 24 | $758.0M | $222.5M | ||
| Q2 24 | $912.0M | $187.3M |
自由现金流EQIXHAS
| Q1 26 | — | — | ||
| Q4 25 | $-292.0M | $389.5M | ||
| Q3 25 | $-122.0M | $260.9M | ||
| Q2 25 | $-45.0M | $55.2M | ||
| Q1 25 | $59.0M | $124.3M | ||
| Q4 24 | $-6.0M | $200.8M | ||
| Q3 24 | $34.0M | $174.0M | ||
| Q2 24 | $264.0M | $135.4M |
自由现金流率EQIXHAS
| Q1 26 | — | — | ||
| Q4 25 | -12.1% | 26.9% | ||
| Q3 25 | -5.3% | 18.8% | ||
| Q2 25 | -2.0% | 5.6% | ||
| Q1 25 | 2.7% | 14.0% | ||
| Q4 24 | -0.3% | 18.2% | ||
| Q3 24 | 1.5% | 13.6% | ||
| Q2 24 | 12.2% | 13.6% |
资本支出强度EQIXHAS
| Q1 26 | — | — | ||
| Q4 25 | 59.3% | 0.9% | ||
| Q3 25 | 49.1% | 1.4% | ||
| Q2 25 | 43.8% | 1.6% | ||
| Q1 25 | 33.7% | 1.6% | ||
| Q4 24 | 43.7% | 5.4% | ||
| Q3 24 | 32.9% | 3.8% | ||
| Q2 24 | 30.0% | 5.2% |
现金转化率EQIXHAS
| Q1 26 | — | — | ||
| Q4 25 | 4.32× | 2.00× | ||
| Q3 25 | 2.71× | 1.20× | ||
| Q2 25 | 2.57× | — | ||
| Q1 25 | 2.36× | 1.40× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.55× | 1.00× | ||
| Q2 24 | 3.03× | 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
EQIX
暂无分部数据
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% |
