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孩之宝（HAS）与先锋自然资源公司（PR）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先锋自然资源公司的1.2倍（$1.4B vs $1.2B），先锋自然资源公司净利率更高（29.0% vs 13.9%，领先15.1%），孩之宝同比增速更快（31.3% vs -9.8%），过去两年孩之宝的营收复合增速更高（38.2% vs -3.0%）
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。
先锋自然资源公司总部位于美国得克萨斯州欧文市，主要从事油气勘探业务，运营覆盖二叠纪盆地Spraberry产区的克莱恩页岩区块，是该区域最大的土地权益持有方，2024年5月被埃克森美孚收购。
HAS vs PR — 直观对比
营收规模更大
HAS
是对方的1.2倍
$1.2B
营收增速更快
HAS
高出41.0%
-9.8%
净利率更高
PR
高出15.1%
13.9%
两年增速更快
HAS
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.2B |
| 净利润 | $201.6M | $339.5M |
| 毛利率 | 68.7% | — |
| 营业利润率 | 20.6% | 23.1% |
| 净利率 | 13.9% | 29.0% |
| 营收同比 | 31.3% | -9.8% |
| 净利润同比 | 687.8% | 56.7% |
| 每股收益（稀释后） | $1.46 | $0.48 |
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HASPR
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $980.8M | $1.2B | ||
| Q1 25 | $887.1M | $1.4B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $995.3M | $1.2B | ||
| Q1 24 | $757.3M | $1.2B |
净利润HASPR
| Q4 25 | $201.6M | $339.5M | ||
| Q3 25 | $233.2M | $59.2M | ||
| Q2 25 | $-855.8M | $207.1M | ||
| Q1 25 | $98.6M | $329.3M | ||
| Q4 24 | $-34.3M | $216.7M | ||
| Q3 24 | $223.2M | $386.4M | ||
| Q2 24 | $138.5M | $235.1M | ||
| Q1 24 | $58.2M | $146.6M |
毛利率HASPR
| 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HASPR
| Q4 25 | 20.6% | 23.1% | ||
| Q3 25 | 24.6% | 29.6% | ||
| Q2 25 | -81.4% | 24.8% | ||
| Q1 25 | 19.2% | 36.6% | ||
| Q4 24 | 5.4% | 32.8% | ||
| Q3 24 | 23.6% | 32.5% | ||
| Q2 24 | 21.3% | 36.5% | ||
| Q1 24 | 15.3% | 37.7% |
净利率HASPR
| Q4 25 | 13.9% | 29.0% | ||
| Q3 25 | 16.8% | 4.5% | ||
| Q2 25 | -87.3% | 17.3% | ||
| Q1 25 | 11.1% | 23.9% | ||
| Q4 24 | -3.1% | 16.7% | ||
| Q3 24 | 17.4% | 31.8% | ||
| Q2 24 | 13.9% | 18.9% | ||
| Q1 24 | 7.7% | 11.8% |
每股收益（稀释后）HASPR
| Q4 25 | $1.46 | $0.48 | ||
| Q3 25 | $1.64 | $0.08 | ||
| Q2 25 | $-6.10 | $0.28 | ||
| Q1 25 | $0.70 | $0.44 | ||
| Q4 24 | $-0.25 | $0.31 | ||
| Q3 24 | $1.59 | $0.53 | ||
| Q2 24 | $0.99 | $0.36 | ||
| Q1 24 | $0.42 | $0.25 |
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 | — | $153.7M |
| 总债务越低越好 | — | $3.5B |
| 股东权益账面价值 | $565.5M | $10.3B |
| 总资产 | $5.6B | $17.9B |
| 负债/权益比越低杠杆越低 | — | 0.34× |
8季度趋势，按日历期对齐
现金及短期投资HASPR
| Q4 25 | — | $153.7M | ||
| Q3 25 | — | $111.8M | ||
| Q2 25 | — | $451.0M | ||
| Q1 25 | — | $702.2M | ||
| Q4 24 | — | $479.3M | ||
| Q3 24 | — | $272.0M | ||
| Q2 24 | — | $47.8M | ||
| Q1 24 | — | $12.7M |
总债务HASPR
| Q4 25 | — | $3.5B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.9B |
股东权益HASPR
| Q4 25 | $565.5M | $10.3B | ||
| Q3 25 | $433.8M | $10.0B | ||
| Q2 25 | $269.7M | $9.5B | ||
| Q1 25 | $1.2B | $9.4B | ||
| Q4 24 | $1.2B | $9.1B | ||
| Q3 24 | $1.3B | $9.0B | ||
| Q2 24 | $1.2B | $8.3B | ||
| Q1 24 | $1.0B | $7.0B |
总资产HASPR
| Q4 25 | $5.6B | $17.9B | ||
| Q3 25 | $5.5B | $17.3B | ||
| Q2 25 | $5.2B | $17.5B | ||
| Q1 25 | $6.0B | $17.1B | ||
| Q4 24 | $6.3B | $16.9B | ||
| Q3 24 | $7.2B | $16.6B | ||
| Q2 24 | $6.9B | $15.4B | ||
| Q1 24 | $6.2B | $15.1B |
负债/权益比HASPR
| Q4 25 | — | 0.34× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.56× |
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 | $904.3M |
| 自由现金流经营现金流 - 资本支出 | $389.5M | — |
| 自由现金流率自由现金流/营收 | 26.9% | — |
| 资本支出强度资本支出/营收 | 0.9% | — |
| 现金转化率经营现金流/净利润 | 2.00× | 2.66× |
| 过去12个月自由现金流最近4个季度 | $829.9M | — |
8季度趋势，按日历期对齐
经营现金流HASPR
| Q4 25 | $403.2M | $904.3M | ||
| Q3 25 | $280.6M | $766.5M | ||
| Q2 25 | $71.3M | $1.0B | ||
| Q1 25 | $138.1M | $898.0M | ||
| Q4 24 | $259.8M | $871.6M | ||
| Q3 24 | $222.5M | $954.4M | ||
| Q2 24 | $187.3M | $938.4M | ||
| Q1 24 | $177.8M | $647.6M |
自由现金流HASPR
| Q4 25 | $389.5M | — | ||
| Q3 25 | $260.9M | — | ||
| Q2 25 | $55.2M | — | ||
| Q1 25 | $124.3M | — | ||
| Q4 24 | $200.8M | — | ||
| Q3 24 | $174.0M | — | ||
| Q2 24 | $135.4M | — | ||
| Q1 24 | $132.0M | — |
自由现金流率HASPR
| Q4 25 | 26.9% | — | ||
| Q3 25 | 18.8% | — | ||
| Q2 25 | 5.6% | — | ||
| Q1 25 | 14.0% | — | ||
| Q4 24 | 18.2% | — | ||
| Q3 24 | 13.6% | — | ||
| Q2 24 | 13.6% | — | ||
| Q1 24 | 17.4% | — |
资本支出强度HASPR
| Q4 25 | 0.9% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 3.8% | — | ||
| Q2 24 | 5.2% | — | ||
| Q1 24 | 6.0% | — |
现金转化率HASPR
| Q4 25 | 2.00× | 2.66× | ||
| Q3 25 | 1.20× | 12.94× | ||
| Q2 25 | — | 5.01× | ||
| Q1 25 | 1.40× | 2.73× | ||
| Q4 24 | — | 4.02× | ||
| Q3 24 | 1.00× | 2.47× | ||
| Q2 24 | 1.35× | 3.99× | ||
| Q1 24 | 3.05× | 4.42× |
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% |
PR
| Crude Oil | $1.0B | 87% |
| Natural Gas Liquids Reserves | $145.1M | 12% |
