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孩之宝（HAS）与KeyCorp（KEY）财务数据对比。点击上方公司名可切换其他公司
KeyCorp的季度营收约是孩之宝的1.4倍（$2.0B vs $1.4B），KeyCorp净利率更高（25.4% vs 13.9%，领先11.5%），KeyCorp同比增速更快（131.8% vs 31.3%），KeyCorp自由现金流更多（$2.1B vs $389.5M），过去两年孩之宝的营收复合增速更高（38.2% vs 14.4%）
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。
Key是日本知名视觉小说工作室，1998年7月21日作为发行商Visual Arts旗下品牌成立，总部位于大阪市北区。工作室主打剧情向作品，擅长创作情感饱满、情节跌宕的戏剧类内容，旗下多款作品深受全球ACG爱好者喜爱。
HAS vs KEY — 直观对比
营收规模更大
KEY
是对方的1.4倍
$1.4B
营收增速更快
KEY
高出100.5%
31.3%
净利率更高
KEY
高出11.5%
13.9%
自由现金流更多
KEY
多$1.7B
$389.5M
两年增速更快
HAS
近两年复合增速
14.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.0B |
| 净利润 | $201.6M | $510.0M |
| 毛利率 | 68.7% | — |
| 营业利润率 | 20.6% | 32.3% |
| 净利率 | 13.9% | 25.4% |
| 营收同比 | 31.3% | 131.8% |
| 净利润同比 | 687.8% | 309.0% |
| 每股收益（稀释后） | $1.46 | $0.43 |
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HASKEY
| Q4 25 | $1.4B | $2.0B | ||
| Q3 25 | $1.4B | $1.9B | ||
| Q2 25 | $980.8M | $1.8B | ||
| Q1 25 | $887.1M | $1.8B | ||
| Q4 24 | $1.1B | $865.0M | ||
| Q3 24 | $1.3B | $695.0M | ||
| Q2 24 | $995.3M | $1.5B | ||
| Q1 24 | $757.3M | $1.5B |
净利润HASKEY
| Q4 25 | $201.6M | $510.0M | ||
| Q3 25 | $233.2M | $489.0M | ||
| Q2 25 | $-855.8M | $425.0M | ||
| Q1 25 | $98.6M | $405.0M | ||
| Q4 24 | $-34.3M | $-244.0M | ||
| Q3 24 | $223.2M | $-410.0M | ||
| Q2 24 | $138.5M | $274.0M | ||
| Q1 24 | $58.2M | $219.0M |
毛利率HASKEY
| 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% | — | ||
| Q1 24 | 73.0% | — |
营业利润率HASKEY
| Q4 25 | 20.6% | 32.3% | ||
| Q3 25 | 24.6% | 31.8% | ||
| Q2 25 | -81.4% | 29.3% | ||
| Q1 25 | 19.2% | 29.0% | ||
| Q4 24 | 5.4% | -92.6% | ||
| Q3 24 | 23.6% | -72.8% | ||
| Q2 24 | 21.3% | 22.0% | ||
| Q1 24 | 15.3% | 18.1% |
净利率HASKEY
| Q4 25 | 13.9% | 25.4% | ||
| Q3 25 | 16.8% | 25.8% | ||
| Q2 25 | -87.3% | 23.1% | ||
| Q1 25 | 11.1% | 22.8% | ||
| Q4 24 | -3.1% | -54.7% | ||
| Q3 24 | 17.4% | -59.0% | ||
| Q2 24 | 13.9% | 18.0% | ||
| Q1 24 | 7.7% | 14.3% |
每股收益（稀释后）HASKEY
| Q4 25 | $1.46 | $0.43 | ||
| Q3 25 | $1.64 | $0.41 | ||
| Q2 25 | $-6.10 | $0.35 | ||
| Q1 25 | $0.70 | $0.33 | ||
| Q4 24 | $-0.25 | $-0.30 | ||
| Q3 24 | $1.59 | $-0.47 | ||
| Q2 24 | $0.99 | $0.25 | ||
| Q1 24 | $0.42 | $0.20 |
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 | — | $10.2B |
| 总债务越低越好 | — | $9.9B |
| 股东权益账面价值 | $565.5M | $20.4B |
| 总资产 | $5.6B | $184.4B |
| 负债/权益比越低杠杆越低 | — | 0.49× |
8季度趋势，按日历期对齐
现金及短期投资HASKEY
| Q4 25 | — | $10.2B | ||
| Q3 25 | — | $13.3B | ||
| Q2 25 | — | $11.6B | ||
| Q1 25 | — | $15.3B | ||
| Q4 24 | — | $17.5B | ||
| Q3 24 | — | $22.8B | ||
| Q2 24 | — | $15.5B | ||
| Q1 24 | — | $13.2B |
总债务HASKEY
| Q4 25 | — | $9.9B | ||
| Q3 25 | — | $10.9B | ||
| Q2 25 | — | $12.1B | ||
| Q1 25 | — | $12.4B | ||
| Q4 24 | — | $12.1B | ||
| Q3 24 | — | $15.7B | ||
| Q2 24 | — | $16.9B | ||
| Q1 24 | — | $20.8B |
股东权益HASKEY
| Q4 25 | $565.5M | $20.4B | ||
| Q3 25 | $433.8M | $20.1B | ||
| Q2 25 | $269.7M | $19.5B | ||
| Q1 25 | $1.2B | $19.0B | ||
| Q4 24 | $1.2B | $18.2B | ||
| Q3 24 | $1.3B | $16.9B | ||
| Q2 24 | $1.2B | $14.8B | ||
| Q1 24 | $1.0B | $14.5B |
总资产HASKEY
| Q4 25 | $5.6B | $184.4B | ||
| Q3 25 | $5.5B | $187.4B | ||
| Q2 25 | $5.2B | $185.5B | ||
| Q1 25 | $6.0B | $188.7B | ||
| Q4 24 | $6.3B | $187.2B | ||
| Q3 24 | $7.2B | $189.8B | ||
| Q2 24 | $6.9B | $187.4B | ||
| Q1 24 | $6.2B | $187.5B |
负债/权益比HASKEY
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | 0.54× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | — | 0.93× | ||
| Q2 24 | — | 1.14× | ||
| Q1 24 | — | 1.43× |
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 | $2.2B |
| 自由现金流经营现金流 - 资本支出 | $389.5M | $2.1B |
| 自由现金流率自由现金流/营收 | 26.9% | 104.8% |
| 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× | 4.33× |
| 过去12个月自由现金流最近4个季度 | $829.9M | $3.5B |
8季度趋势，按日历期对齐
经营现金流HASKEY
| Q4 25 | $403.2M | $2.2B | ||
| Q3 25 | $280.6M | $396.0M | ||
| Q2 25 | $71.3M | $1.2B | ||
| Q1 25 | $138.1M | $-140.0M | ||
| Q4 24 | $259.8M | $664.0M | ||
| Q3 24 | $222.5M | $-1.2B | ||
| Q2 24 | $187.3M | $-217.0M | ||
| Q1 24 | $177.8M | $359.0M |
自由现金流HASKEY
| Q4 25 | $389.5M | $2.1B | ||
| Q3 25 | $260.9M | $367.0M | ||
| Q2 25 | $55.2M | $1.2B | ||
| Q1 25 | $124.3M | $-150.0M | ||
| Q4 24 | $200.8M | $599.0M | ||
| Q3 24 | $174.0M | $-1.2B | ||
| Q2 24 | $135.4M | $-230.0M | ||
| Q1 24 | $132.0M | $347.0M |
自由现金流率HASKEY
| Q4 25 | 26.9% | 104.8% | ||
| Q3 25 | 18.8% | 19.4% | ||
| Q2 25 | 5.6% | 65.8% | ||
| Q1 25 | 14.0% | -8.5% | ||
| Q4 24 | 18.2% | 69.2% | ||
| Q3 24 | 13.6% | -175.8% | ||
| Q2 24 | 13.6% | -15.1% | ||
| Q1 24 | 17.4% | 22.6% |
资本支出强度HASKEY
| Q4 25 | 0.9% | 5.3% | ||
| Q3 25 | 1.4% | 1.5% | ||
| Q2 25 | 1.6% | 1.3% | ||
| Q1 25 | 1.6% | 0.6% | ||
| Q4 24 | 5.4% | 7.5% | ||
| Q3 24 | 3.8% | 2.4% | ||
| Q2 24 | 5.2% | 0.9% | ||
| Q1 24 | 6.0% | 0.8% |
现金转化率HASKEY
| Q4 25 | 2.00× | 4.33× | ||
| Q3 25 | 1.20× | 0.81× | ||
| Q2 25 | — | 2.90× | ||
| Q1 25 | 1.40× | -0.35× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.00× | — | ||
| Q2 24 | 1.35× | -0.79× | ||
| Q1 24 | 3.05× | 1.64× |
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% |
KEY
暂无分部数据
