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孩之宝（HAS）与摩丁制造（MOD）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摩丁制造的1.8倍（$1.4B vs $805.0M），孩之宝净利率更高（13.9% vs -5.9%，领先19.8%），孩之宝同比增速更快（31.3% vs 30.5%），孩之宝自由现金流更多（$389.5M vs $-17.1M），过去两年孩之宝的营收复合增速更高（38.2% vs 15.5%）
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。
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
HAS vs MOD — 直观对比
营收规模更大
HAS
是对方的1.8倍
$805.0M
营收增速更快
HAS
高出0.7%
30.5%
净利率更高
HAS
高出19.8%
-5.9%
自由现金流更多
HAS
多$406.6M
$-17.1M
两年增速更快
HAS
近两年复合增速
15.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $805.0M |
| 净利润 | $201.6M | $-47.4M |
| 毛利率 | 68.7% | 23.1% |
| 营业利润率 | 20.6% | 11.1% |
| 净利率 | 13.9% | -5.9% |
| 营收同比 | 31.3% | 30.5% |
| 净利润同比 | 687.8% | -215.6% |
| 每股收益（稀释后） | $1.46 | $-0.90 |
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HASMOD
| Q4 25 | $1.4B | $805.0M | ||
| Q3 25 | $1.4B | $738.9M | ||
| Q2 25 | $980.8M | $682.8M | ||
| Q1 25 | $887.1M | $647.2M | ||
| Q4 24 | $1.1B | $616.8M | ||
| Q3 24 | $1.3B | $658.0M | ||
| Q2 24 | $995.3M | $661.5M | ||
| Q1 24 | $757.3M | $603.5M |
净利润HASMOD
| Q4 25 | $201.6M | $-47.4M | ||
| Q3 25 | $233.2M | $44.4M | ||
| Q2 25 | $-855.8M | $51.2M | ||
| Q1 25 | $98.6M | $49.6M | ||
| Q4 24 | $-34.3M | $41.0M | ||
| Q3 24 | $223.2M | $46.1M | ||
| Q2 24 | $138.5M | $47.3M | ||
| Q1 24 | $58.2M | $25.8M |
毛利率HASMOD
| Q4 25 | 68.7% | 23.1% | ||
| Q3 25 | 70.1% | 22.3% | ||
| Q2 25 | 77.0% | 24.2% | ||
| Q1 25 | 76.9% | 25.6% | ||
| Q4 24 | 67.4% | 24.3% | ||
| Q3 24 | 70.4% | 25.2% | ||
| Q2 24 | 76.1% | 24.6% | ||
| Q1 24 | 73.0% | 22.4% |
营业利润率HASMOD
| Q4 25 | 20.6% | 11.1% | ||
| Q3 25 | 24.6% | 9.9% | ||
| Q2 25 | -81.4% | 11.1% | ||
| Q1 25 | 19.2% | 11.5% | ||
| Q4 24 | 5.4% | 9.6% | ||
| Q3 24 | 23.6% | 11.4% | ||
| Q2 24 | 21.3% | 11.2% | ||
| Q1 24 | 15.3% | 7.8% |
净利率HASMOD
| Q4 25 | 13.9% | -5.9% | ||
| Q3 25 | 16.8% | 6.0% | ||
| Q2 25 | -87.3% | 7.5% | ||
| Q1 25 | 11.1% | 7.7% | ||
| Q4 24 | -3.1% | 6.6% | ||
| Q3 24 | 17.4% | 7.0% | ||
| Q2 24 | 13.9% | 7.2% | ||
| Q1 24 | 7.7% | 4.3% |
每股收益（稀释后）HASMOD
| Q4 25 | $1.46 | $-0.90 | ||
| Q3 25 | $1.64 | $0.83 | ||
| Q2 25 | $-6.10 | $0.95 | ||
| Q1 25 | $0.70 | $0.92 | ||
| Q4 24 | $-0.25 | $0.76 | ||
| Q3 24 | $1.59 | $0.86 | ||
| Q2 24 | $0.99 | $0.88 | ||
| Q1 24 | $0.42 | $0.48 |
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 | — | $98.7M |
| 总债务越低越好 | — | $570.7M |
| 股东权益账面价值 | $565.5M | $1.1B |
| 总资产 | $5.6B | $2.5B |
| 负债/权益比越低杠杆越低 | — | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资HASMOD
| Q4 25 | — | $98.7M | ||
| Q3 25 | — | $83.8M | ||
| Q2 25 | — | $124.5M | ||
| Q1 25 | — | $71.6M | ||
| Q4 24 | — | $83.8M | ||
| Q3 24 | — | $78.6M | ||
| Q2 24 | — | $72.9M | ||
| Q1 24 | — | $60.1M |
总债务HASMOD
| Q4 25 | — | $570.7M | ||
| Q3 25 | — | $525.8M | ||
| Q2 25 | — | $482.1M | ||
| Q1 25 | — | $296.7M | ||
| Q4 24 | — | $330.0M | ||
| Q3 24 | — | $359.1M | ||
| Q2 24 | — | $405.7M | ||
| Q1 24 | — | $399.9M |
股东权益HASMOD
| Q4 25 | $565.5M | $1.1B | ||
| Q3 25 | $433.8M | $1.1B | ||
| Q2 25 | $269.7M | $1.0B | ||
| Q1 25 | $1.2B | $910.2M | ||
| Q4 24 | $1.2B | $855.1M | ||
| Q3 24 | $1.3B | $858.8M | ||
| Q2 24 | $1.2B | $788.4M | ||
| Q1 24 | $1.0B | $747.6M |
总资产HASMOD
| Q4 25 | $5.6B | $2.5B | ||
| Q3 25 | $5.5B | $2.4B | ||
| Q2 25 | $5.2B | $2.2B | ||
| Q1 25 | $6.0B | $1.9B | ||
| Q4 24 | $6.3B | $1.8B | ||
| Q3 24 | $7.2B | $1.9B | ||
| Q2 24 | $6.9B | $1.9B | ||
| Q1 24 | $6.2B | $1.9B |
负债/权益比HASMOD
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | — | 0.39× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.51× | ||
| Q1 24 | — | 0.53× |
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 | $24.7M |
| 自由现金流经营现金流 - 资本支出 | $389.5M | $-17.1M |
| 自由现金流率自由现金流/营收 | 26.9% | -2.1% |
| 资本支出强度资本支出/营收 | 0.9% | 5.2% |
| 现金转化率经营现金流/净利润 | 2.00× | — |
| 过去12个月自由现金流最近4个季度 | $829.9M | $-20.3M |
8季度趋势，按日历期对齐
经营现金流HASMOD
| Q4 25 | $403.2M | $24.7M | ||
| Q3 25 | $280.6M | $1.4M | ||
| Q2 25 | $71.3M | $27.7M | ||
| Q1 25 | $138.1M | $54.8M | ||
| Q4 24 | $259.8M | $60.7M | ||
| Q3 24 | $222.5M | $57.3M | ||
| Q2 24 | $187.3M | $40.5M | ||
| Q1 24 | $177.8M | $39.6M |
自由现金流HASMOD
| Q4 25 | $389.5M | $-17.1M | ||
| Q3 25 | $260.9M | $-30.5M | ||
| Q2 25 | $55.2M | $200.0K | ||
| Q1 25 | $124.3M | $27.1M | ||
| Q4 24 | $200.8M | $44.7M | ||
| Q3 24 | $174.0M | $43.8M | ||
| Q2 24 | $135.4M | $13.7M | ||
| Q1 24 | $132.0M | $-4.3M |
自由现金流率HASMOD
| Q4 25 | 26.9% | -2.1% | ||
| Q3 25 | 18.8% | -4.1% | ||
| Q2 25 | 5.6% | 0.0% | ||
| Q1 25 | 14.0% | 4.2% | ||
| Q4 24 | 18.2% | 7.2% | ||
| Q3 24 | 13.6% | 6.7% | ||
| Q2 24 | 13.6% | 2.1% | ||
| Q1 24 | 17.4% | -0.7% |
资本支出强度HASMOD
| Q4 25 | 0.9% | 5.2% | ||
| Q3 25 | 1.4% | 4.3% | ||
| Q2 25 | 1.6% | 4.0% | ||
| Q1 25 | 1.6% | 4.3% | ||
| Q4 24 | 5.4% | 2.6% | ||
| Q3 24 | 3.8% | 2.1% | ||
| Q2 24 | 5.2% | 4.1% | ||
| Q1 24 | 6.0% | 7.3% |
现金转化率HASMOD
| Q4 25 | 2.00× | — | ||
| Q3 25 | 1.20× | 0.03× | ||
| Q2 25 | — | 0.54× | ||
| Q1 25 | 1.40× | 1.10× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | 1.00× | 1.24× | ||
| Q2 24 | 1.35× | 0.86× | ||
| Q1 24 | 3.05× | 1.53× |
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% |
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
