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FTI CONSULTING, INC（FCN）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FTI CONSULTING, INC的1.5倍（$1.4B vs $990.7M），孩之宝净利率更高（13.9% vs 5.5%，领先8.4%），孩之宝同比增速更快（31.3% vs 10.7%），孩之宝自由现金流更多（$389.5M vs $351.4M），过去两年孩之宝的营收复合增速更高（38.2% vs 3.3%）
FTI咨询成立于1982年，总部位于美国华盛顿特区，是全球顶尖的金融咨询服务商之一。公司核心业务涵盖企业融资与重组、经济咨询、法务与诉讼咨询、战略传播、科技及战略咨询等领域，在31个国家拥有逾7700名员工。
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。
FCN vs HAS — 直观对比
营收规模更大
HAS
是对方的1.5倍
$990.7M
营收增速更快
HAS
高出20.5%
10.7%
净利率更高
HAS
高出8.4%
5.5%
自由现金流更多
HAS
多$38.1M
$351.4M
两年增速更快
HAS
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $990.7M | $1.4B |
| 净利润 | $54.5M | $201.6M |
| 毛利率 | 31.1% | 68.7% |
| 营业利润率 | 9.4% | 20.6% |
| 净利率 | 5.5% | 13.9% |
| 营收同比 | 10.7% | 31.3% |
| 净利润同比 | 9.7% | 687.8% |
| 每股收益（稀释后） | $1.77 | $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FCNHAS
| Q4 25 | $990.7M | $1.4B | ||
| Q3 25 | $956.2M | $1.4B | ||
| Q2 25 | $943.7M | $980.8M | ||
| Q1 25 | $898.3M | $887.1M | ||
| Q4 24 | $894.9M | $1.1B | ||
| Q3 24 | $926.0M | $1.3B | ||
| Q2 24 | $949.2M | $995.3M | ||
| Q1 24 | $928.6M | $757.3M |
净利润FCNHAS
| Q4 25 | $54.5M | $201.6M | ||
| Q3 25 | $82.8M | $233.2M | ||
| Q2 25 | $71.7M | $-855.8M | ||
| Q1 25 | $61.8M | $98.6M | ||
| Q4 24 | $49.7M | $-34.3M | ||
| Q3 24 | $66.5M | $223.2M | ||
| Q2 24 | $83.9M | $138.5M | ||
| Q1 24 | $80.0M | $58.2M |
毛利率FCNHAS
| Q4 25 | 31.1% | 68.7% | ||
| Q3 25 | 33.3% | 70.1% | ||
| Q2 25 | 32.1% | 77.0% | ||
| Q1 25 | 32.2% | 76.9% | ||
| Q4 24 | 30.2% | 67.4% | ||
| Q3 24 | 32.2% | 70.4% | ||
| Q2 24 | 32.8% | 76.1% | ||
| Q1 24 | 32.6% | 73.0% |
营业利润率FCNHAS
| Q4 25 | 9.4% | 20.6% | ||
| Q3 25 | 12.3% | 24.6% | ||
| Q2 25 | 10.5% | -81.4% | ||
| Q1 25 | 8.8% | 19.2% | ||
| Q4 24 | 5.9% | 5.4% | ||
| Q3 24 | 9.8% | 23.6% | ||
| Q2 24 | 11.0% | 21.3% | ||
| Q1 24 | 10.7% | 15.3% |
净利率FCNHAS
| Q4 25 | 5.5% | 13.9% | ||
| Q3 25 | 8.7% | 16.8% | ||
| Q2 25 | 7.6% | -87.3% | ||
| Q1 25 | 6.9% | 11.1% | ||
| Q4 24 | 5.6% | -3.1% | ||
| Q3 24 | 7.2% | 17.4% | ||
| Q2 24 | 8.8% | 13.9% | ||
| Q1 24 | 8.6% | 7.7% |
每股收益（稀释后）FCNHAS
| Q4 25 | $1.77 | $1.46 | ||
| Q3 25 | $2.60 | $1.64 | ||
| Q2 25 | $2.13 | $-6.10 | ||
| Q1 25 | $1.74 | $0.70 | ||
| Q4 24 | $1.39 | $-0.25 | ||
| Q3 24 | $1.85 | $1.59 | ||
| Q2 24 | $2.34 | $0.99 | ||
| Q1 24 | $2.23 | $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 | $265.1M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.7B | $565.5M |
| 总资产 | $3.5B | $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FCNHAS
| Q4 25 | $265.1M | — | ||
| Q3 25 | $146.0M | — | ||
| Q2 25 | $152.8M | — | ||
| Q1 25 | $151.1M | — | ||
| Q4 24 | $660.5M | — | ||
| Q3 24 | $386.3M | — | ||
| Q2 24 | $226.4M | — | ||
| Q1 24 | $244.0M | — |
总债务FCNHAS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $60.0M | — | ||
| Q1 24 | $205.0M | — |
股东权益FCNHAS
| Q4 25 | $1.7B | $565.5M | ||
| Q3 25 | $1.7B | $433.8M | ||
| Q2 25 | $1.9B | $269.7M | ||
| Q1 25 | $2.1B | $1.2B | ||
| Q4 24 | $2.3B | $1.2B | ||
| Q3 24 | $2.3B | $1.3B | ||
| Q2 24 | $2.1B | $1.2B | ||
| Q1 24 | $2.1B | $1.0B |
总资产FCNHAS
| Q4 25 | $3.5B | $5.6B | ||
| Q3 25 | $3.5B | $5.5B | ||
| Q2 25 | $3.5B | $5.2B | ||
| Q1 25 | $3.3B | $6.0B | ||
| Q4 24 | $3.6B | $6.3B | ||
| Q3 24 | $3.5B | $7.2B | ||
| Q2 24 | $3.4B | $6.9B | ||
| Q1 24 | $3.3B | $6.2B |
负债/权益比FCNHAS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.03× | — | ||
| Q1 24 | 0.10× | — |
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 | $359.8M | $403.2M |
| 自由现金流经营现金流 - 资本支出 | $351.4M | $389.5M |
| 自由现金流率自由现金流/营收 | 35.5% | 26.9% |
| 资本支出强度资本支出/营收 | 0.8% | 0.9% |
| 现金转化率经营现金流/净利润 | 6.60× | 2.00× |
| 过去12个月自由现金流最近4个季度 | $93.6M | $829.9M |
8季度趋势，按日历期对齐
经营现金流FCNHAS
| Q4 25 | $359.8M | $403.2M | ||
| Q3 25 | $201.9M | $280.6M | ||
| Q2 25 | $55.7M | $71.3M | ||
| Q1 25 | $-465.2M | $138.1M | ||
| Q4 24 | $315.3M | $259.8M | ||
| Q3 24 | $219.4M | $222.5M | ||
| Q2 24 | $135.2M | $187.3M | ||
| Q1 24 | $-274.8M | $177.8M |
自由现金流FCNHAS
| Q4 25 | $351.4M | $389.5M | ||
| Q3 25 | $187.0M | $260.9M | ||
| Q2 25 | $38.3M | $55.2M | ||
| Q1 25 | $-483.0M | $124.3M | ||
| Q4 24 | $301.6M | $200.8M | ||
| Q3 24 | $212.3M | $174.0M | ||
| Q2 24 | $125.2M | $135.4M | ||
| Q1 24 | $-279.5M | $132.0M |
自由现金流率FCNHAS
| Q4 25 | 35.5% | 26.9% | ||
| Q3 25 | 19.6% | 18.8% | ||
| Q2 25 | 4.1% | 5.6% | ||
| Q1 25 | -53.8% | 14.0% | ||
| Q4 24 | 33.7% | 18.2% | ||
| Q3 24 | 22.9% | 13.6% | ||
| Q2 24 | 13.2% | 13.6% | ||
| Q1 24 | -30.1% | 17.4% |
资本支出强度FCNHAS
| Q4 25 | 0.8% | 0.9% | ||
| Q3 25 | 1.6% | 1.4% | ||
| Q2 25 | 1.8% | 1.6% | ||
| Q1 25 | 2.0% | 1.6% | ||
| Q4 24 | 1.5% | 5.4% | ||
| Q3 24 | 0.8% | 3.8% | ||
| Q2 24 | 1.1% | 5.2% | ||
| Q1 24 | 0.5% | 6.0% |
现金转化率FCNHAS
| Q4 25 | 6.60× | 2.00× | ||
| Q3 25 | 2.44× | 1.20× | ||
| Q2 25 | 0.78× | — | ||
| Q1 25 | -7.52× | 1.40× | ||
| Q4 24 | 6.34× | — | ||
| Q3 24 | 3.30× | 1.00× | ||
| Q2 24 | 1.61× | 1.35× | ||
| Q1 24 | -3.44× | 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
FCN
| Corporate Finance Segment | $423.2M | 43% |
| Forensic And Litigation Consulting | $192.9M | 19% |
| Economic Consulting | $176.2M | 18% |
| Strategic Communications | $99.4M | 10% |
| Other | $99.0M | 10% |
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% |
