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孩之宝（HAS）与越洋钻探（RIG）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越洋钻探的1.4倍（$1.4B vs $1.0B），孩之宝净利率更高（13.9% vs 2.4%，领先11.5%），孩之宝同比增速更快（31.3% vs 9.6%），孩之宝自由现金流更多（$389.5M vs $321.0M），过去两年孩之宝的营收复合增速更高（38.2% vs 16.9%）
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。
越洋钻探（Transocean Ltd.）是按营收计全球规模最大的海上钻探承包商，总部位于瑞士施泰因豪森，起源于美国，目前在加拿大、美国、挪威、英国、印度、巴西、新加坡等20个国家设有办事机构，业务覆盖全球主要海上油气开采区域。
HAS vs RIG — 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21.7%
9.6%
净利率更高
HAS
高出11.5%
2.4%
自由现金流更多
HAS
多$68.5M
$321.0M
两年增速更快
HAS
近两年复合增速
16.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.0B |
| 净利润 | $201.6M | $25.0M |
| 毛利率 | 68.7% | 42.0% |
| 营业利润率 | 20.6% | 23.0% |
| 净利率 | 13.9% | 2.4% |
| 营收同比 | 31.3% | 9.6% |
| 净利润同比 | 687.8% | 257.1% |
| 每股收益（稀释后） | $1.46 | $0.13 |
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HASRIG
| Q4 25 | $1.4B | $1.0B | ||
| Q3 25 | $1.4B | $1.0B | ||
| Q2 25 | $980.8M | $988.0M | ||
| Q1 25 | $887.1M | $906.0M | ||
| Q4 24 | $1.1B | $952.0M | ||
| Q3 24 | $1.3B | $948.0M | ||
| Q2 24 | $995.3M | $861.0M | ||
| Q1 24 | $757.3M | $763.0M |
净利润HASRIG
| Q4 25 | $201.6M | $25.0M | ||
| Q3 25 | $233.2M | $-1.9B | ||
| Q2 25 | $-855.8M | $-938.0M | ||
| Q1 25 | $98.6M | $-79.0M | ||
| Q4 24 | $-34.3M | $7.0M | ||
| Q3 24 | $223.2M | $-494.0M | ||
| Q2 24 | $138.5M | $-123.0M | ||
| Q1 24 | $58.2M | $98.0M |
毛利率HASRIG
| Q4 25 | 68.7% | 42.0% | ||
| Q3 25 | 70.1% | 43.2% | ||
| Q2 25 | 77.0% | 39.4% | ||
| Q1 25 | 76.9% | 31.8% | ||
| Q4 24 | 67.4% | 39.2% | ||
| Q3 24 | 70.4% | 40.6% | ||
| Q2 24 | 76.1% | 38.0% | ||
| Q1 24 | 73.0% | 31.5% |
营业利润率HASRIG
| Q4 25 | 20.6% | 23.0% | ||
| Q3 25 | 24.6% | -163.1% | ||
| Q2 25 | -81.4% | -97.6% | ||
| Q1 25 | 19.2% | 7.1% | ||
| Q4 24 | 5.4% | 13.7% | ||
| Q3 24 | 23.6% | -51.2% | ||
| Q2 24 | 21.3% | -6.9% | ||
| Q1 24 | 15.3% | -0.4% |
净利率HASRIG
| Q4 25 | 13.9% | 2.4% | ||
| Q3 25 | 16.8% | -187.1% | ||
| Q2 25 | -87.3% | -94.9% | ||
| Q1 25 | 11.1% | -8.7% | ||
| Q4 24 | -3.1% | 0.7% | ||
| Q3 24 | 17.4% | -52.1% | ||
| Q2 24 | 13.9% | -14.3% | ||
| Q1 24 | 7.7% | 12.8% |
每股收益（稀释后）HASRIG
| Q4 25 | $1.46 | $0.13 | ||
| Q3 25 | $1.64 | $-2.00 | ||
| Q2 25 | $-6.10 | $-1.06 | ||
| Q1 25 | $0.70 | $-0.11 | ||
| Q4 24 | $-0.25 | $-0.14 | ||
| Q3 24 | $1.59 | $-0.58 | ||
| Q2 24 | $0.99 | $-0.15 | ||
| Q1 24 | $0.42 | $0.11 |
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 | — | $620.0M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $565.5M | $8.1B |
| 总资产 | $5.6B | $15.6B |
| 负债/权益比越低杠杆越低 | — | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资HASRIG
| Q4 25 | — | $620.0M | ||
| Q3 25 | — | $833.0M | ||
| Q2 25 | — | $377.0M | ||
| Q1 25 | — | $263.0M | ||
| Q4 24 | — | $560.0M | ||
| Q3 24 | — | $435.0M | ||
| Q2 24 | — | $475.0M | ||
| Q1 24 | — | $446.0M |
总债务HASRIG
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $5.9B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | — | $6.2B | ||
| Q3 24 | — | $6.5B | ||
| Q2 24 | — | $6.8B | ||
| Q1 24 | — | $6.8B |
股东权益HASRIG
| Q4 25 | $565.5M | $8.1B | ||
| Q3 25 | $433.8M | $8.1B | ||
| Q2 25 | $269.7M | $9.4B | ||
| Q1 25 | $1.2B | $10.2B | ||
| Q4 24 | $1.2B | $10.3B | ||
| Q3 24 | $1.3B | $10.2B | ||
| Q2 24 | $1.2B | $10.7B | ||
| Q1 24 | $1.0B | $10.5B |
总资产HASRIG
| Q4 25 | $5.6B | $15.6B | ||
| Q3 25 | $5.5B | $16.2B | ||
| Q2 25 | $5.2B | $17.8B | ||
| Q1 25 | $6.0B | $19.0B | ||
| Q4 24 | $6.3B | $19.4B | ||
| Q3 24 | $7.2B | $19.5B | ||
| Q2 24 | $6.9B | $20.3B | ||
| Q1 24 | $6.2B | $19.9B |
负债/权益比HASRIG
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.63× | ||
| Q1 24 | — | 0.65× |
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 | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $389.5M | $321.0M |
| 自由现金流率自由现金流/营收 | 26.9% | 30.8% |
| 资本支出强度资本支出/营收 | 0.9% | 2.7% |
| 现金转化率经营现金流/净利润 | 2.00× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $829.9M | $626.0M |
8季度趋势，按日历期对齐
经营现金流HASRIG
| Q4 25 | $403.2M | $349.0M | ||
| Q3 25 | $280.6M | $246.0M | ||
| Q2 25 | $71.3M | $128.0M | ||
| Q1 25 | $138.1M | $26.0M | ||
| Q4 24 | $259.8M | $206.0M | ||
| Q3 24 | $222.5M | $194.0M | ||
| Q2 24 | $187.3M | $133.0M | ||
| Q1 24 | $177.8M | $-86.0M |
自由现金流HASRIG
| Q4 25 | $389.5M | $321.0M | ||
| Q3 25 | $260.9M | $235.0M | ||
| Q2 25 | $55.2M | $104.0M | ||
| Q1 25 | $124.3M | $-34.0M | ||
| Q4 24 | $200.8M | $177.0M | ||
| Q3 24 | $174.0M | $136.0M | ||
| Q2 24 | $135.4M | $49.0M | ||
| Q1 24 | $132.0M | $-169.0M |
自由现金流率HASRIG
| Q4 25 | 26.9% | 30.8% | ||
| Q3 25 | 18.8% | 22.9% | ||
| Q2 25 | 5.6% | 10.5% | ||
| Q1 25 | 14.0% | -3.8% | ||
| Q4 24 | 18.2% | 18.6% | ||
| Q3 24 | 13.6% | 14.3% | ||
| Q2 24 | 13.6% | 5.7% | ||
| Q1 24 | 17.4% | -22.1% |
资本支出强度HASRIG
| Q4 25 | 0.9% | 2.7% | ||
| Q3 25 | 1.4% | 1.1% | ||
| Q2 25 | 1.6% | 2.4% | ||
| Q1 25 | 1.6% | 6.6% | ||
| Q4 24 | 5.4% | 3.0% | ||
| Q3 24 | 3.8% | 6.1% | ||
| Q2 24 | 5.2% | 9.8% | ||
| Q1 24 | 6.0% | 10.9% |
现金转化率HASRIG
| Q4 25 | 2.00× | 13.96× | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.40× | — | ||
| Q4 24 | — | 29.43× | ||
| Q3 24 | 1.00× | — | ||
| Q2 24 | 1.35× | — | ||
| Q1 24 | 3.05× | -0.88× |
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% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
