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孩之宝（HAS）与Reddit, Inc.（RDDT）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Reddit, Inc.的2.0倍（$1.4B vs $725.6M），Reddit, Inc.净利率更高（34.7% vs 13.9%，领先20.7%），Reddit, Inc.同比增速更快（69.7% vs 31.3%），孩之宝自由现金流更多（$389.5M vs $263.6M），过去两年Reddit, Inc.的营收复合增速更高（72.8% vs 38.2%）
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。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
HAS vs RDDT — 直观对比
营收规模更大
HAS
是对方的2.0倍
$725.6M
营收增速更快
RDDT
高出38.4%
31.3%
净利率更高
RDDT
高出20.7%
13.9%
自由现金流更多
HAS
多$125.9M
$263.6M
两年增速更快
RDDT
近两年复合增速
38.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $725.6M |
| 净利润 | $201.6M | $251.6M |
| 毛利率 | 68.7% | 91.9% |
| 营业利润率 | 20.6% | 31.9% |
| 净利率 | 13.9% | 34.7% |
| 营收同比 | 31.3% | 69.7% |
| 净利润同比 | 687.8% | 254.2% |
| 每股收益（稀释后） | $1.46 | $1.24 |
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HASRDDT
| Q4 25 | $1.4B | $725.6M | ||
| Q3 25 | $1.4B | $584.9M | ||
| Q2 25 | $980.8M | $499.6M | ||
| Q1 25 | $887.1M | $392.4M | ||
| Q4 24 | $1.1B | $427.7M | ||
| Q3 24 | $1.3B | $348.4M | ||
| Q2 24 | $995.3M | $281.2M | ||
| Q1 24 | $757.3M | $243.0M |
净利润HASRDDT
| Q4 25 | $201.6M | $251.6M | ||
| Q3 25 | $233.2M | $162.7M | ||
| Q2 25 | $-855.8M | $89.3M | ||
| Q1 25 | $98.6M | $26.2M | ||
| Q4 24 | $-34.3M | $71.0M | ||
| Q3 24 | $223.2M | $29.9M | ||
| Q2 24 | $138.5M | $-10.1M | ||
| Q1 24 | $58.2M | $-575.1M |
毛利率HASRDDT
| Q4 25 | 68.7% | 91.9% | ||
| Q3 25 | 70.1% | 91.0% | ||
| Q2 25 | 77.0% | 90.8% | ||
| Q1 25 | 76.9% | 90.5% | ||
| Q4 24 | 67.4% | 92.6% | ||
| Q3 24 | 70.4% | 90.1% | ||
| Q2 24 | 76.1% | 89.5% | ||
| Q1 24 | 73.0% | 88.6% |
营业利润率HASRDDT
| Q4 25 | 20.6% | 31.9% | ||
| Q3 25 | 24.6% | 23.7% | ||
| Q2 25 | -81.4% | 13.6% | ||
| Q1 25 | 19.2% | 1.0% | ||
| Q4 24 | 5.4% | 12.4% | ||
| Q3 24 | 23.6% | 2.0% | ||
| Q2 24 | 21.3% | -11.0% | ||
| Q1 24 | 15.3% | -242.5% |
净利率HASRDDT
| Q4 25 | 13.9% | 34.7% | ||
| Q3 25 | 16.8% | 27.8% | ||
| Q2 25 | -87.3% | 17.9% | ||
| Q1 25 | 11.1% | 6.7% | ||
| Q4 24 | -3.1% | 16.6% | ||
| Q3 24 | 17.4% | 8.6% | ||
| Q2 24 | 13.9% | -3.6% | ||
| Q1 24 | 7.7% | -236.7% |
每股收益（稀释后）HASRDDT
| Q4 25 | $1.46 | $1.24 | ||
| Q3 25 | $1.64 | $0.80 | ||
| Q2 25 | $-6.10 | $0.45 | ||
| Q1 25 | $0.70 | $0.13 | ||
| Q4 24 | $-0.25 | $4.76 | ||
| Q3 24 | $1.59 | $0.16 | ||
| Q2 24 | $0.99 | $-0.06 | ||
| Q1 24 | $0.42 | $-8.19 |
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 | — | $953.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $565.5M | $2.9B |
| 总资产 | $5.6B | $3.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资HASRDDT
| Q4 25 | — | $953.6M | ||
| Q3 25 | — | $911.7M | ||
| Q2 25 | — | $734.1M | ||
| Q1 25 | — | $635.7M | ||
| Q4 24 | — | $562.1M | ||
| Q3 24 | — | $515.9M | ||
| Q2 24 | — | $468.0M | ||
| Q1 24 | — | $968.5M |
股东权益HASRDDT
| Q4 25 | $565.5M | $2.9B | ||
| Q3 25 | $433.8M | $2.6B | ||
| Q2 25 | $269.7M | $2.4B | ||
| Q1 25 | $1.2B | $2.2B | ||
| Q4 24 | $1.2B | $2.1B | ||
| Q3 24 | $1.3B | $2.0B | ||
| Q2 24 | $1.2B | $1.9B | ||
| Q1 24 | $1.0B | $1.8B |
总资产HASRDDT
| Q4 25 | $5.6B | $3.2B | ||
| Q3 25 | $5.5B | $2.9B | ||
| Q2 25 | $5.2B | $2.6B | ||
| Q1 25 | $6.0B | $2.4B | ||
| Q4 24 | $6.3B | $2.3B | ||
| Q3 24 | $7.2B | $2.2B | ||
| Q2 24 | $6.9B | $2.1B | ||
| Q1 24 | $6.2B | $2.0B |
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 | $266.8M |
| 自由现金流经营现金流 - 资本支出 | $389.5M | $263.6M |
| 自由现金流率自由现金流/营收 | 26.9% | 36.3% |
| 资本支出强度资本支出/营收 | 0.9% | 0.4% |
| 现金转化率经营现金流/净利润 | 2.00× | 1.06× |
| 过去12个月自由现金流最近4个季度 | $829.9M | $684.2M |
8季度趋势，按日历期对齐
经营现金流HASRDDT
| Q4 25 | $403.2M | $266.8M | ||
| Q3 25 | $280.6M | $185.2M | ||
| Q2 25 | $71.3M | $111.3M | ||
| Q1 25 | $138.1M | $127.6M | ||
| Q4 24 | $259.8M | $90.0M | ||
| Q3 24 | $222.5M | $71.6M | ||
| Q2 24 | $187.3M | $28.4M | ||
| Q1 24 | $177.8M | $32.1M |
自由现金流HASRDDT
| Q4 25 | $389.5M | $263.6M | ||
| Q3 25 | $260.9M | $183.1M | ||
| Q2 25 | $55.2M | $110.8M | ||
| Q1 25 | $124.3M | $126.6M | ||
| Q4 24 | $200.8M | $89.2M | ||
| Q3 24 | $174.0M | $70.3M | ||
| Q2 24 | $135.4M | $27.2M | ||
| Q1 24 | $132.0M | $29.2M |
自由现金流率HASRDDT
| Q4 25 | 26.9% | 36.3% | ||
| Q3 25 | 18.8% | 31.3% | ||
| Q2 25 | 5.6% | 22.2% | ||
| Q1 25 | 14.0% | 32.3% | ||
| Q4 24 | 18.2% | 20.8% | ||
| Q3 24 | 13.6% | 20.2% | ||
| Q2 24 | 13.6% | 9.7% | ||
| Q1 24 | 17.4% | 12.0% |
资本支出强度HASRDDT
| Q4 25 | 0.9% | 0.4% | ||
| Q3 25 | 1.4% | 0.4% | ||
| Q2 25 | 1.6% | 0.1% | ||
| Q1 25 | 1.6% | 0.2% | ||
| Q4 24 | 5.4% | 0.2% | ||
| Q3 24 | 3.8% | 0.4% | ||
| Q2 24 | 5.2% | 0.4% | ||
| Q1 24 | 6.0% | 1.2% |
现金转化率HASRDDT
| Q4 25 | 2.00× | 1.06× | ||
| Q3 25 | 1.20× | 1.14× | ||
| Q2 25 | — | 1.25× | ||
| Q1 25 | 1.40× | 4.88× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | 1.00× | 2.40× | ||
| Q2 24 | 1.35× | — | ||
| Q1 24 | 3.05× | — |
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% |
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
