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孩之宝（HAS）与MKS INC（MKSI）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MKS INC的1.4倍（$1.4B vs $1.0B），孩之宝净利率更高（13.9% vs 10.3%，领先3.6%），孩之宝同比增速更快（31.3% vs 10.6%），孩之宝自由现金流更多（$389.5M vs $92.0M），过去两年孩之宝的营收复合增速更高（38.2% vs 9.1%）
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。
MKS Inc原是跨国独立软件供应商，业务覆盖应用生命周期管理（ALM）及系统管理两大领域，2011年5月31日被参数技术公司（PTC, Inc.）收购，目前为PTC旗下子公司。
HAS vs MKSI — 直观对比
营收规模更大
HAS
是对方的1.4倍
$1.0B
营收增速更快
HAS
高出20.7%
10.6%
净利率更高
HAS
高出3.6%
10.3%
自由现金流更多
HAS
多$297.5M
$92.0M
两年增速更快
HAS
近两年复合增速
9.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.0B |
| 净利润 | $201.6M | $107.0M |
| 毛利率 | 68.7% | 46.3% |
| 营业利润率 | 20.6% | 13.9% |
| 净利率 | 13.9% | 10.3% |
| 营收同比 | 31.3% | 10.6% |
| 净利润同比 | 687.8% | 18.9% |
| 每股收益（稀释后） | $1.46 | $1.58 |
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HASMKSI
| Q4 25 | $1.4B | $1.0B | ||
| Q3 25 | $1.4B | $988.0M | ||
| Q2 25 | $980.8M | $973.0M | ||
| Q1 25 | $887.1M | $936.0M | ||
| Q4 24 | $1.1B | $935.0M | ||
| Q3 24 | $1.3B | $896.0M | ||
| Q2 24 | $995.3M | $887.0M | ||
| Q1 24 | $757.3M | $868.0M |
净利润HASMKSI
| Q4 25 | $201.6M | $107.0M | ||
| Q3 25 | $233.2M | $74.0M | ||
| Q2 25 | $-855.8M | $62.0M | ||
| Q1 25 | $98.6M | $52.0M | ||
| Q4 24 | $-34.3M | $90.0M | ||
| Q3 24 | $223.2M | $62.0M | ||
| Q2 24 | $138.5M | $23.0M | ||
| Q1 24 | $58.2M | $15.0M |
毛利率HASMKSI
| Q4 25 | 68.7% | 46.3% | ||
| Q3 25 | 70.1% | 46.7% | ||
| Q2 25 | 77.0% | 46.6% | ||
| Q1 25 | 76.9% | 47.4% | ||
| Q4 24 | 67.4% | 47.3% | ||
| Q3 24 | 70.4% | 48.2% | ||
| Q2 24 | 76.1% | 47.2% | ||
| Q1 24 | 73.0% | 47.8% |
营业利润率HASMKSI
| Q4 25 | 20.6% | 13.9% | ||
| Q3 25 | 24.6% | 14.0% | ||
| Q2 25 | -81.4% | 13.9% | ||
| Q1 25 | 19.2% | 11.9% | ||
| Q4 24 | 5.4% | 14.7% | ||
| Q3 24 | 23.6% | 14.3% | ||
| Q2 24 | 21.3% | 14.3% | ||
| Q1 24 | 15.3% | 12.2% |
净利率HASMKSI
| Q4 25 | 13.9% | 10.3% | ||
| Q3 25 | 16.8% | 7.5% | ||
| Q2 25 | -87.3% | 6.4% | ||
| Q1 25 | 11.1% | 5.6% | ||
| Q4 24 | -3.1% | 9.6% | ||
| Q3 24 | 17.4% | 6.9% | ||
| Q2 24 | 13.9% | 2.6% | ||
| Q1 24 | 7.7% | 1.7% |
每股收益（稀释后）HASMKSI
| Q4 25 | $1.46 | $1.58 | ||
| Q3 25 | $1.64 | $1.10 | ||
| Q2 25 | $-6.10 | $0.92 | ||
| Q1 25 | $0.70 | $0.77 | ||
| Q4 24 | $-0.25 | $1.34 | ||
| Q3 24 | $1.59 | $0.92 | ||
| Q2 24 | $0.99 | $0.33 | ||
| Q1 24 | $0.42 | $0.22 |
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 | — | $418.0M |
| 总债务越低越好 | — | $4.2B |
| 股东权益账面价值 | $565.5M | $2.7B |
| 总资产 | $5.6B | $8.8B |
| 负债/权益比越低杠杆越低 | — | 1.53× |
8季度趋势，按日历期对齐
现金及短期投资HASMKSI
| Q4 25 | — | $418.0M | ||
| Q3 25 | — | $413.0M | ||
| Q2 25 | — | $498.0M | ||
| Q1 25 | — | $407.0M | ||
| Q4 24 | — | $420.0M | ||
| Q3 24 | — | $439.0M | ||
| Q2 24 | — | $506.0M | ||
| Q1 24 | — | $1.0M |
总债务HASMKSI
| Q4 25 | — | $4.2B | ||
| Q3 25 | — | $4.3B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.4B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $4.8B | ||
| Q2 24 | — | $4.8B | ||
| Q1 24 | — | $4.7B |
股东权益HASMKSI
| Q4 25 | $565.5M | $2.7B | ||
| Q3 25 | $433.8M | $2.6B | ||
| Q2 25 | $269.7M | $2.6B | ||
| Q1 25 | $1.2B | $2.4B | ||
| Q4 24 | $1.2B | $2.3B | ||
| Q3 24 | $1.3B | $2.4B | ||
| Q2 24 | $1.2B | $2.2B | ||
| Q1 24 | $1.0B | $2.4B |
总资产HASMKSI
| Q4 25 | $5.6B | $8.8B | ||
| Q3 25 | $5.5B | $8.8B | ||
| Q2 25 | $5.2B | $8.8B | ||
| Q1 25 | $6.0B | $8.6B | ||
| Q4 24 | $6.3B | $8.6B | ||
| Q3 24 | $7.2B | $9.0B | ||
| Q2 24 | $6.9B | $8.9B | ||
| Q1 24 | $6.2B | $8.9B |
负债/权益比HASMKSI
| Q4 25 | — | 1.53× | ||
| Q3 25 | — | 1.64× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | — | 1.87× | ||
| Q4 24 | — | 1.93× | ||
| Q3 24 | — | 1.98× | ||
| Q2 24 | — | 2.16× | ||
| Q1 24 | — | 1.94× |
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 | $142.0M |
| 自由现金流经营现金流 - 资本支出 | $389.5M | $92.0M |
| 自由现金流率自由现金流/营收 | 26.9% | 8.9% |
| 资本支出强度资本支出/营收 | 0.9% | 4.8% |
| 现金转化率经营现金流/净利润 | 2.00× | 1.33× |
| 过去12个月自由现金流最近4个季度 | $829.9M | $497.0M |
8季度趋势，按日历期对齐
经营现金流HASMKSI
| Q4 25 | $403.2M | $142.0M | ||
| Q3 25 | $280.6M | $197.0M | ||
| Q2 25 | $71.3M | $165.0M | ||
| Q1 25 | $138.1M | $141.0M | ||
| Q4 24 | $259.8M | $176.0M | ||
| Q3 24 | $222.5M | $163.0M | ||
| Q2 24 | $187.3M | $122.0M | ||
| Q1 24 | $177.8M | $67.0M |
自由现金流HASMKSI
| Q4 25 | $389.5M | $92.0M | ||
| Q3 25 | $260.9M | $146.0M | ||
| Q2 25 | $55.2M | $136.0M | ||
| Q1 25 | $124.3M | $123.0M | ||
| Q4 24 | $200.8M | $125.0M | ||
| Q3 24 | $174.0M | $141.0M | ||
| Q2 24 | $135.4M | $95.0M | ||
| Q1 24 | $132.0M | $49.0M |
自由现金流率HASMKSI
| Q4 25 | 26.9% | 8.9% | ||
| Q3 25 | 18.8% | 14.8% | ||
| Q2 25 | 5.6% | 14.0% | ||
| Q1 25 | 14.0% | 13.1% | ||
| Q4 24 | 18.2% | 13.4% | ||
| Q3 24 | 13.6% | 15.7% | ||
| Q2 24 | 13.6% | 10.7% | ||
| Q1 24 | 17.4% | 5.6% |
资本支出强度HASMKSI
| Q4 25 | 0.9% | 4.8% | ||
| Q3 25 | 1.4% | 5.2% | ||
| Q2 25 | 1.6% | 3.0% | ||
| Q1 25 | 1.6% | 1.9% | ||
| Q4 24 | 5.4% | 5.5% | ||
| Q3 24 | 3.8% | 2.5% | ||
| Q2 24 | 5.2% | 3.0% | ||
| Q1 24 | 6.0% | 2.1% |
现金转化率HASMKSI
| Q4 25 | 2.00× | 1.33× | ||
| Q3 25 | 1.20× | 2.66× | ||
| Q2 25 | — | 2.66× | ||
| Q1 25 | 1.40× | 2.71× | ||
| Q4 24 | — | 1.96× | ||
| Q3 24 | 1.00× | 2.63× | ||
| Q2 24 | 1.35× | 5.30× | ||
| Q1 24 | 3.05× | 4.47× |
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% |
MKSI
| Electronics And Packaging | $303.0M | 29% |
| Specialty Industrial | $295.0M | 29% |
| Photonics Solutions Division | $274.0M | 26% |
| Services | $125.0M | 12% |
| Other | $37.0M | 4% |
