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孩之宝（HAS）与IES Holdings, Inc.（IESC）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IES Holdings, Inc.的1.7倍（$1.4B vs $871.0M），孩之宝净利率更高（13.9% vs 10.5%，领先3.4%），孩之宝同比增速更快（31.3% vs 16.2%），孩之宝自由现金流更多（$389.5M vs $-18.9M），过去两年孩之宝的营收复合增速更高（38.2% vs 11.1%）
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。
IES Holdings, Inc.前身为Integrated Electrical Services, Inc.，主营业务为集成电气及技术系统的设计与安装，同时面向数据中心、住宅、商业和工业设施等多元终端市场提供基础设施类产品及相关服务。
HAS vs IESC — 直观对比
营收规模更大
HAS
是对方的1.7倍
$871.0M
营收增速更快
HAS
高出15.1%
16.2%
净利率更高
HAS
高出3.4%
10.5%
自由现金流更多
HAS
多$408.4M
$-18.9M
两年增速更快
HAS
近两年复合增速
11.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $871.0M |
| 净利润 | $201.6M | $91.8M |
| 毛利率 | 68.7% | 25.3% |
| 营业利润率 | 20.6% | 11.2% |
| 净利率 | 13.9% | 10.5% |
| 营收同比 | 31.3% | 16.2% |
| 净利润同比 | 687.8% | 59.1% |
| 每股收益（稀释后） | $1.46 | $4.51 |
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HASIESC
| Q4 25 | $1.4B | $871.0M | ||
| Q3 25 | $1.4B | $897.8M | ||
| Q2 25 | $980.8M | $890.2M | ||
| Q1 25 | $887.1M | $834.0M | ||
| Q4 24 | $1.1B | $749.5M | ||
| Q3 24 | $1.3B | $775.8M | ||
| Q2 24 | $995.3M | $768.4M | ||
| Q1 24 | $757.3M | $705.7M |
净利润HASIESC
| Q4 25 | $201.6M | $91.8M | ||
| Q3 25 | $233.2M | $102.3M | ||
| Q2 25 | $-855.8M | $79.3M | ||
| Q1 25 | $98.6M | $72.6M | ||
| Q4 24 | $-34.3M | $57.7M | ||
| Q3 24 | $223.2M | $65.5M | ||
| Q2 24 | $138.5M | $66.6M | ||
| Q1 24 | $58.2M | $56.8M |
毛利率HASIESC
| Q4 25 | 68.7% | 25.3% | ||
| Q3 25 | 70.1% | 26.0% | ||
| Q2 25 | 77.0% | 26.9% | ||
| Q1 25 | 76.9% | 25.0% | ||
| Q4 24 | 67.4% | 23.8% | ||
| Q3 24 | 70.4% | 24.0% | ||
| Q2 24 | 76.1% | 25.3% | ||
| Q1 24 | 73.0% | 24.3% |
营业利润率HASIESC
| Q4 25 | 20.6% | 11.2% | ||
| Q3 25 | 24.6% | 11.6% | ||
| Q2 25 | -81.4% | 12.6% | ||
| Q1 25 | 19.2% | 11.1% | ||
| Q4 24 | 5.4% | 10.0% | ||
| Q3 24 | 23.6% | 9.7% | ||
| Q2 24 | 21.3% | 11.7% | ||
| Q1 24 | 15.3% | 11.0% |
净利率HASIESC
| Q4 25 | 13.9% | 10.5% | ||
| Q3 25 | 16.8% | 11.4% | ||
| Q2 25 | -87.3% | 8.9% | ||
| Q1 25 | 11.1% | 8.7% | ||
| Q4 24 | -3.1% | 7.7% | ||
| Q3 24 | 17.4% | 8.4% | ||
| Q2 24 | 13.9% | 8.7% | ||
| Q1 24 | 7.7% | 8.0% |
每股收益（稀释后）HASIESC
| Q4 25 | $1.46 | $4.51 | ||
| Q3 25 | $1.64 | $4.99 | ||
| Q2 25 | $-6.10 | $3.81 | ||
| Q1 25 | $0.70 | $3.50 | ||
| Q4 24 | $-0.25 | $2.72 | ||
| Q3 24 | $1.59 | $3.06 | ||
| Q2 24 | $0.99 | $2.67 | ||
| Q1 24 | $0.42 | $2.29 |
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 | — | $258.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $565.5M | $961.1M |
| 总资产 | $5.6B | $1.7B |
| 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HASIESC
| Q4 25 | — | $258.7M | ||
| Q3 25 | — | $231.8M | ||
| Q2 25 | — | $168.3M | ||
| Q1 25 | — | $88.3M | ||
| Q4 24 | — | $112.0M | ||
| Q3 24 | — | $135.8M | ||
| Q2 24 | — | $44.9M | ||
| Q1 24 | — | $106.0M |
股东权益HASIESC
| Q4 25 | $565.5M | $961.1M | ||
| Q3 25 | $433.8M | $884.0M | ||
| Q2 25 | $269.7M | $781.4M | ||
| Q1 25 | $1.2B | $705.8M | ||
| Q4 24 | $1.2B | $652.4M | ||
| Q3 24 | $1.3B | $611.1M | ||
| Q2 24 | $1.2B | $567.5M | ||
| Q1 24 | $1.0B | $534.8M |
总资产HASIESC
| Q4 25 | $5.6B | $1.7B | ||
| Q3 25 | $5.5B | $1.6B | ||
| Q2 25 | $5.2B | $1.5B | ||
| Q1 25 | $6.0B | $1.4B | ||
| Q4 24 | $6.3B | $1.3B | ||
| Q3 24 | $7.2B | $1.2B | ||
| Q2 24 | $6.9B | $1.2B | ||
| Q1 24 | $6.2B | $1.1B |
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 | $27.7M |
| 自由现金流经营现金流 - 资本支出 | $389.5M | $-18.9M |
| 自由现金流率自由现金流/营收 | 26.9% | -2.2% |
| 资本支出强度资本支出/营收 | 0.9% | 5.3% |
| 现金转化率经营现金流/净利润 | 2.00× | 0.30× |
| 过去12个月自由现金流最近4个季度 | $829.9M | $175.9M |
8季度趋势，按日历期对齐
经营现金流HASIESC
| Q4 25 | $403.2M | $27.7M | ||
| Q3 25 | $280.6M | $132.0M | ||
| Q2 25 | $71.3M | $92.0M | ||
| Q1 25 | $138.1M | $24.8M | ||
| Q4 24 | $259.8M | $37.3M | ||
| Q3 24 | $222.5M | $92.8M | ||
| Q2 24 | $187.3M | $82.9M | ||
| Q1 24 | $177.8M | $33.7M |
自由现金流HASIESC
| Q4 25 | $389.5M | $-18.9M | ||
| Q3 25 | $260.9M | $112.0M | ||
| Q2 25 | $55.2M | $74.8M | ||
| Q1 25 | $124.3M | $7.9M | ||
| Q4 24 | $200.8M | $24.1M | ||
| Q3 24 | $174.0M | $78.5M | ||
| Q2 24 | $135.4M | $65.4M | ||
| Q1 24 | $132.0M | $26.9M |
自由现金流率HASIESC
| Q4 25 | 26.9% | -2.2% | ||
| Q3 25 | 18.8% | 12.5% | ||
| Q2 25 | 5.6% | 8.4% | ||
| Q1 25 | 14.0% | 0.9% | ||
| Q4 24 | 18.2% | 3.2% | ||
| Q3 24 | 13.6% | 10.1% | ||
| Q2 24 | 13.6% | 8.5% | ||
| Q1 24 | 17.4% | 3.8% |
资本支出强度HASIESC
| Q4 25 | 0.9% | 5.3% | ||
| Q3 25 | 1.4% | 2.2% | ||
| Q2 25 | 1.6% | 1.9% | ||
| Q1 25 | 1.6% | 2.0% | ||
| Q4 24 | 5.4% | 1.8% | ||
| Q3 24 | 3.8% | 1.8% | ||
| Q2 24 | 5.2% | 2.3% | ||
| Q1 24 | 6.0% | 1.0% |
现金转化率HASIESC
| Q4 25 | 2.00× | 0.30× | ||
| Q3 25 | 1.20× | 1.29× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | 1.40× | 0.34× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | 1.00× | 1.42× | ||
| Q2 24 | 1.35× | 1.24× | ||
| Q1 24 | 3.05× | 0.59× |
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
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% |
IESC
| Communications | $351.9M | 40% |
| Single Family Electrical Contracts | $137.0M | 16% |
| Custom Engineered Solutions | $116.0M | 13% |
| Commercialand Industrial | $94.8M | 11% |
| Single Family Contracts Plumbing HVAC | $82.9M | 10% |
| Multi Familyand Other | $64.2M | 7% |
| Industrial Services | $24.2M | 3% |
