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孩之宝（HAS）与Primo Brands Corp（PRMB）财务数据对比。点击上方公司名可切换其他公司
Primo Brands Corp的季度营收约是孩之宝的1.1倍（$1.6B vs $1.4B），孩之宝净利率更高（13.9% vs -0.8%，领先14.8%），孩之宝自由现金流更多（$389.5M vs $57.3M）
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。
Primo Brands Corp是一家美加合资饮用水企业，主营多规格桶装水、饮水机、自助补水设备及净水家电，总部位于美国佛罗里达州坦帕市，服务覆盖美国、加拿大、欧洲及以色列的住宅与商业客户。
HAS vs PRMB — 直观对比
营收规模更大
PRMB
是对方的1.1倍
$1.4B
净利率更高
HAS
高出14.8%
-0.8%
自由现金流更多
HAS
多$332.2M
$57.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.6B |
| 净利润 | $201.6M | $-13.0M |
| 毛利率 | 68.7% | 27.7% |
| 营业利润率 | 20.6% | 1.2% |
| 净利率 | 13.9% | -0.8% |
| 营收同比 | 31.3% | — |
| 净利润同比 | 687.8% | — |
| 每股收益（稀释后） | $1.46 | $-0.03 |
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HASPRMB
| Q4 25 | $1.4B | $1.6B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $980.8M | $1.7B | ||
| Q1 25 | $887.1M | $1.6B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.3B | $0 | ||
| Q2 24 | $995.3M | $1.3B | ||
| Q1 24 | $757.3M | $1.1B |
净利润HASPRMB
| Q4 25 | $201.6M | $-13.0M | ||
| Q3 25 | $233.2M | $16.8M | ||
| Q2 25 | $-855.8M | $27.6M | ||
| Q1 25 | $98.6M | $28.7M | ||
| Q4 24 | $-34.3M | — | ||
| Q3 24 | $223.2M | $-2.0K | ||
| Q2 24 | $138.5M | $54.5M | ||
| Q1 24 | $58.2M | $33.5M |
毛利率HASPRMB
| Q4 25 | 68.7% | 27.7% | ||
| Q3 25 | 70.1% | 29.9% | ||
| Q2 25 | 77.0% | 31.3% | ||
| Q1 25 | 76.9% | 32.3% | ||
| Q4 24 | 67.4% | — | ||
| Q3 24 | 70.4% | — | ||
| Q2 24 | 76.1% | 32.7% | ||
| Q1 24 | 73.0% | 30.4% |
营业利润率HASPRMB
| Q4 25 | 20.6% | 1.2% | ||
| Q3 25 | 24.6% | 8.3% | ||
| Q2 25 | -81.4% | 6.5% | ||
| Q1 25 | 19.2% | 9.5% | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 23.6% | — | ||
| Q2 24 | 21.3% | 12.1% | ||
| Q1 24 | 15.3% | 11.0% |
净利率HASPRMB
| Q4 25 | 13.9% | -0.8% | ||
| Q3 25 | 16.8% | 1.0% | ||
| Q2 25 | -87.3% | 1.6% | ||
| Q1 25 | 11.1% | 1.8% | ||
| Q4 24 | -3.1% | — | ||
| Q3 24 | 17.4% | — | ||
| Q2 24 | 13.9% | 4.1% | ||
| Q1 24 | 7.7% | 2.9% |
每股收益（稀释后）HASPRMB
| Q4 25 | $1.46 | $-0.03 | ||
| Q3 25 | $1.64 | $0.04 | ||
| Q2 25 | $-6.10 | $0.07 | ||
| Q1 25 | $0.70 | $0.08 | ||
| Q4 24 | $-0.25 | — | ||
| Q3 24 | $1.59 | $-20.00 | ||
| Q2 24 | $0.99 | $0.25 | ||
| Q1 24 | $0.42 | $0.15 |
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 | — | $376.7M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $565.5M | $3.0B |
| 总资产 | $5.6B | $10.6B |
| 负债/权益比越低杠杆越低 | — | 1.72× |
8季度趋势，按日历期对齐
现金及短期投资HASPRMB
| Q4 25 | — | $376.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务HASPRMB
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HASPRMB
| Q4 25 | $565.5M | $3.0B | ||
| Q3 25 | $433.8M | $3.2B | ||
| Q2 25 | $269.7M | $3.2B | ||
| Q1 25 | $1.2B | $3.3B | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.3B | $-2.0K | ||
| Q2 24 | $1.2B | $-296.8M | ||
| Q1 24 | $1.0B | $-349.8M |
总资产HASPRMB
| Q4 25 | $5.6B | $10.6B | ||
| Q3 25 | $5.5B | $11.0B | ||
| Q2 25 | $5.2B | $11.0B | ||
| Q1 25 | $6.0B | $11.0B | ||
| Q4 24 | $6.3B | — | ||
| Q3 24 | $7.2B | $0 | ||
| Q2 24 | $6.9B | — | ||
| Q1 24 | $6.2B | — |
负债/权益比HASPRMB
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 1.57× | ||
| Q1 25 | — | 1.51× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $203.1M |
| 自由现金流经营现金流 - 资本支出 | $389.5M | $57.3M |
| 自由现金流率自由现金流/营收 | 26.9% | 3.7% |
| 资本支出强度资本支出/营收 | 0.9% | 9.4% |
| 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 | $302.9M |
8季度趋势，按日历期对齐
经营现金流HASPRMB
| Q4 25 | $403.2M | $203.1M | ||
| Q3 25 | $280.6M | $283.4M | ||
| Q2 25 | $71.3M | $155.0M | ||
| Q1 25 | $138.1M | $38.8M | ||
| Q4 24 | $259.8M | — | ||
| Q3 24 | $222.5M | $0 | ||
| Q2 24 | $187.3M | $102.5M | ||
| Q1 24 | $177.8M | $6.0M |
自由现金流HASPRMB
| Q4 25 | $389.5M | $57.3M | ||
| Q3 25 | $260.9M | $167.7M | ||
| Q2 25 | $55.2M | $101.1M | ||
| Q1 25 | $124.3M | $-23.2M | ||
| Q4 24 | $200.8M | — | ||
| Q3 24 | $174.0M | — | ||
| Q2 24 | $135.4M | $61.4M | ||
| Q1 24 | $132.0M | $-17.5M |
自由现金流率HASPRMB
| Q4 25 | 26.9% | 3.7% | ||
| Q3 25 | 18.8% | 9.5% | ||
| Q2 25 | 5.6% | 5.8% | ||
| Q1 25 | 14.0% | -1.4% | ||
| Q4 24 | 18.2% | — | ||
| Q3 24 | 13.6% | — | ||
| Q2 24 | 13.6% | 4.7% | ||
| Q1 24 | 17.4% | -1.5% |
资本支出强度HASPRMB
| Q4 25 | 0.9% | 9.4% | ||
| Q3 25 | 1.4% | 6.6% | ||
| Q2 25 | 1.6% | 3.1% | ||
| Q1 25 | 1.6% | 3.8% | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 3.8% | — | ||
| Q2 24 | 5.2% | 3.1% | ||
| Q1 24 | 6.0% | 2.1% |
现金转化率HASPRMB
| Q4 25 | 2.00× | — | ||
| Q3 25 | 1.20× | 16.87× | ||
| Q2 25 | — | 5.62× | ||
| Q1 25 | 1.40× | 1.35× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.00× | — | ||
| Q2 24 | 1.35× | 1.88× | ||
| Q1 24 | 3.05× | 0.18× |
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% |
PRMB
| Regional Spring Water | $765.1M | 49% |
| Purified Water | $484.5M | 31% |
| Other | $188.4M | 12% |
| Premium Water | $90.3M | 6% |
| Other Water | $25.8M | 2% |
