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孩之宝（HAS）与LCI INDUSTRIES（LCII）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LCI INDUSTRIES的1.6倍（$1.4B vs $932.7M），孩之宝净利率更高（13.9% vs 2.0%，领先11.9%），孩之宝同比增速更快（31.3% vs 16.1%），孩之宝自由现金流更多（$389.5M vs $64.3M），过去两年孩之宝的营收复合增速更高（38.2% vs -1.8%）
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。
拉奇核心工业有限公司前身为巴基斯坦帝国化学工业公司，是一家总部位于卡拉奇的巴基斯坦综合性企业集团，业务覆盖聚酯、医药、农用化学品、纯碱及兽药等多品类产品的研发生产，在巴基斯坦本土工业领域拥有重要市场地位。
HAS vs LCII — 直观对比
营收规模更大
HAS
是对方的1.6倍
$932.7M
营收增速更快
HAS
高出15.1%
16.1%
净利率更高
HAS
高出11.9%
2.0%
自由现金流更多
HAS
多$325.2M
$64.3M
两年增速更快
HAS
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $932.7M |
| 净利润 | $201.6M | $18.7M |
| 毛利率 | 68.7% | 22.1% |
| 营业利润率 | 20.6% | 3.8% |
| 净利率 | 13.9% | 2.0% |
| 营收同比 | 31.3% | 16.1% |
| 净利润同比 | 687.8% | 95.7% |
| 每股收益（稀释后） | $1.46 | $0.79 |
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HASLCII
| Q4 25 | $1.4B | $932.7M | ||
| Q3 25 | $1.4B | $1.0B | ||
| Q2 25 | $980.8M | $1.1B | ||
| Q1 25 | $887.1M | $1.0B | ||
| Q4 24 | $1.1B | $803.1M | ||
| Q3 24 | $1.3B | $915.5M | ||
| Q2 24 | $995.3M | $1.1B | ||
| Q1 24 | $757.3M | $968.0M |
净利润HASLCII
| Q4 25 | $201.6M | $18.7M | ||
| Q3 25 | $233.2M | $62.5M | ||
| Q2 25 | $-855.8M | $57.6M | ||
| Q1 25 | $98.6M | $49.4M | ||
| Q4 24 | $-34.3M | $9.5M | ||
| Q3 24 | $223.2M | $35.6M | ||
| Q2 24 | $138.5M | $61.2M | ||
| Q1 24 | $58.2M | $36.5M |
毛利率HASLCII
| Q4 25 | 68.7% | 22.1% | ||
| Q3 25 | 70.1% | 24.4% | ||
| Q2 25 | 77.0% | 24.4% | ||
| Q1 25 | 76.9% | 24.1% | ||
| Q4 24 | 67.4% | 21.1% | ||
| Q3 24 | 70.4% | 24.0% | ||
| Q2 24 | 76.1% | 25.3% | ||
| Q1 24 | 73.0% | 23.1% |
营业利润率HASLCII
| Q4 25 | 20.6% | 3.8% | ||
| Q3 25 | 24.6% | 7.3% | ||
| Q2 25 | -81.4% | 7.9% | ||
| Q1 25 | 19.2% | 7.8% | ||
| Q4 24 | 5.4% | 2.0% | ||
| Q3 24 | 23.6% | 5.9% | ||
| Q2 24 | 21.3% | 8.6% | ||
| Q1 24 | 15.3% | 6.0% |
净利率HASLCII
| Q4 25 | 13.9% | 2.0% | ||
| Q3 25 | 16.8% | 6.0% | ||
| Q2 25 | -87.3% | 5.2% | ||
| Q1 25 | 11.1% | 4.7% | ||
| Q4 24 | -3.1% | 1.2% | ||
| Q3 24 | 17.4% | 3.9% | ||
| Q2 24 | 13.9% | 5.8% | ||
| Q1 24 | 7.7% | 3.8% |
每股收益（稀释后）HASLCII
| Q4 25 | $1.46 | $0.79 | ||
| Q3 25 | $1.64 | $2.55 | ||
| Q2 25 | $-6.10 | $2.29 | ||
| Q1 25 | $0.70 | $1.94 | ||
| Q4 24 | $-0.25 | $0.37 | ||
| Q3 24 | $1.59 | $1.39 | ||
| Q2 24 | $0.99 | $2.40 | ||
| Q1 24 | $0.42 | $1.44 |
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 | — | $222.6M |
| 总债务越低越好 | — | $945.2M |
| 股东权益账面价值 | $565.5M | $1.4B |
| 总资产 | $5.6B | $3.2B |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资HASLCII
| Q4 25 | — | $222.6M | ||
| Q3 25 | — | $199.7M | ||
| Q2 25 | — | $191.9M | ||
| Q1 25 | — | $231.2M | ||
| Q4 24 | — | $165.8M | ||
| Q3 24 | — | $161.2M | ||
| Q2 24 | — | $130.4M | ||
| Q1 24 | — | $22.6M |
总债务HASLCII
| Q4 25 | — | $945.2M | ||
| Q3 25 | — | $947.8M | ||
| Q2 25 | — | $948.0M | ||
| Q1 25 | — | $938.3M | ||
| Q4 24 | — | $757.3M | ||
| Q3 24 | — | $822.5M | ||
| Q2 24 | — | $829.7M | ||
| Q1 24 | — | $855.3M |
股东权益HASLCII
| Q4 25 | $565.5M | $1.4B | ||
| Q3 25 | $433.8M | $1.4B | ||
| Q2 25 | $269.7M | $1.4B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.2B | $1.4B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $1.2B | $1.4B | ||
| Q1 24 | $1.0B | $1.4B |
总资产HASLCII
| Q4 25 | $5.6B | $3.2B | ||
| Q3 25 | $5.5B | $3.2B | ||
| Q2 25 | $5.2B | $3.2B | ||
| Q1 25 | $6.0B | $3.1B | ||
| Q4 24 | $6.3B | $2.9B | ||
| Q3 24 | $7.2B | $3.0B | ||
| Q2 24 | $6.9B | $3.0B | ||
| Q1 24 | $6.2B | $3.0B |
负债/权益比HASLCII
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | — | 0.68× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.55× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.60× | ||
| Q1 24 | — | 0.63× |
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 | $78.9M |
| 自由现金流经营现金流 - 资本支出 | $389.5M | $64.3M |
| 自由现金流率自由现金流/营收 | 26.9% | 6.9% |
| 资本支出强度资本支出/营收 | 0.9% | 1.6% |
| 现金转化率经营现金流/净利润 | 2.00× | 4.22× |
| 过去12个月自由现金流最近4个季度 | $829.9M | $278.3M |
8季度趋势，按日历期对齐
经营现金流HASLCII
| Q4 25 | $403.2M | $78.9M | ||
| Q3 25 | $280.6M | $97.2M | ||
| Q2 25 | $71.3M | $112.2M | ||
| Q1 25 | $138.1M | $42.7M | ||
| Q4 24 | $259.8M | $106.6M | ||
| Q3 24 | $222.5M | $78.4M | ||
| Q2 24 | $187.3M | $192.9M | ||
| Q1 24 | $177.8M | $-7.7M |
自由现金流HASLCII
| Q4 25 | $389.5M | $64.3M | ||
| Q3 25 | $260.9M | $80.9M | ||
| Q2 25 | $55.2M | $99.5M | ||
| Q1 25 | $124.3M | $33.7M | ||
| Q4 24 | $200.8M | $95.7M | ||
| Q3 24 | $174.0M | $68.3M | ||
| Q2 24 | $135.4M | $180.2M | ||
| Q1 24 | $132.0M | $-16.3M |
自由现金流率HASLCII
| Q4 25 | 26.9% | 6.9% | ||
| Q3 25 | 18.8% | 7.8% | ||
| Q2 25 | 5.6% | 9.0% | ||
| Q1 25 | 14.0% | 3.2% | ||
| Q4 24 | 18.2% | 11.9% | ||
| Q3 24 | 13.6% | 7.5% | ||
| Q2 24 | 13.6% | 17.1% | ||
| Q1 24 | 17.4% | -1.7% |
资本支出强度HASLCII
| Q4 25 | 0.9% | 1.6% | ||
| Q3 25 | 1.4% | 1.6% | ||
| Q2 25 | 1.6% | 1.2% | ||
| Q1 25 | 1.6% | 0.9% | ||
| Q4 24 | 5.4% | 1.4% | ||
| Q3 24 | 3.8% | 1.1% | ||
| Q2 24 | 5.2% | 1.2% | ||
| Q1 24 | 6.0% | 0.9% |
现金转化率HASLCII
| Q4 25 | 2.00× | 4.22× | ||
| Q3 25 | 1.20× | 1.55× | ||
| Q2 25 | — | 1.95× | ||
| Q1 25 | 1.40× | 0.86× | ||
| Q4 24 | — | 11.17× | ||
| Q3 24 | 1.00× | 2.20× | ||
| Q2 24 | 1.35× | 3.15× | ||
| Q1 24 | 3.05× | -0.21× |
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% |
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
