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孩之宝（HAS）与Rivian Automotive, Inc.（RIVN）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Rivian Automotive, Inc.的1.1倍（$1.4B vs $1.3B），孩之宝净利率更高（13.9% vs -63.1%，领先77.0%），孩之宝同比增速更快（31.3% vs -25.8%），孩之宝自由现金流更多（$389.5M vs $-1.1B），过去两年孩之宝的营收复合增速更高（38.2% vs 3.3%）
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。
Rivian Automotive是2009年成立的美国电动汽车制造商及汽车科技企业，主打基于自研滑板平台打造的电动SUV、皮卡及EDV电动配送货车，旗下R1T皮卡于2021年末正式开启交付，还计划于2023年底前在美国和加拿大布局专属充电网络，其平台可适配新车型也可对外授权使用。
HAS vs RIVN — 直观对比
营收规模更大
HAS
是对方的1.1倍
$1.3B
营收增速更快
HAS
高出57.1%
-25.8%
净利率更高
HAS
高出77.0%
-63.1%
自由现金流更多
HAS
多$1.5B
$-1.1B
两年增速更快
HAS
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.3B |
| 净利润 | $201.6M | $-811.0M |
| 毛利率 | 68.7% | 9.3% |
| 营业利润率 | 20.6% | -64.8% |
| 净利率 | 13.9% | -63.1% |
| 营收同比 | 31.3% | -25.8% |
| 净利润同比 | 687.8% | -9.0% |
| 每股收益（稀释后） | $1.46 | $-0.66 |
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HASRIVN
| Q4 25 | $1.4B | $1.3B | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $980.8M | $1.3B | ||
| Q1 25 | $887.1M | $1.2B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.3B | $874.0M | ||
| Q2 24 | $995.3M | $1.2B | ||
| Q1 24 | $757.3M | $1.2B |
净利润HASRIVN
| Q4 25 | $201.6M | $-811.0M | ||
| Q3 25 | $233.2M | $-1.2B | ||
| Q2 25 | $-855.8M | $-1.1B | ||
| Q1 25 | $98.6M | $-545.0M | ||
| Q4 24 | $-34.3M | $-744.0M | ||
| Q3 24 | $223.2M | $-1.1B | ||
| Q2 24 | $138.5M | $-1.5B | ||
| Q1 24 | $58.2M | $-1.4B |
毛利率HASRIVN
| Q4 25 | 68.7% | 9.3% | ||
| Q3 25 | 70.1% | 1.5% | ||
| Q2 25 | 77.0% | -15.8% | ||
| Q1 25 | 76.9% | 16.6% | ||
| Q4 24 | 67.4% | 9.8% | ||
| Q3 24 | 70.4% | -44.9% | ||
| Q2 24 | 76.1% | -38.9% | ||
| Q1 24 | 73.0% | -43.8% |
营业利润率HASRIVN
| Q4 25 | 20.6% | -64.8% | ||
| Q3 25 | 24.6% | -63.1% | ||
| Q2 25 | -81.4% | -85.5% | ||
| Q1 25 | 19.2% | -52.8% | ||
| Q4 24 | 5.4% | -38.1% | ||
| Q3 24 | 23.6% | -133.8% | ||
| Q2 24 | 21.3% | -118.7% | ||
| Q1 24 | 15.3% | -123.3% |
净利率HASRIVN
| Q4 25 | 13.9% | -63.1% | ||
| Q3 25 | 16.8% | -75.3% | ||
| Q2 25 | -87.3% | -85.7% | ||
| Q1 25 | 11.1% | -44.0% | ||
| Q4 24 | -3.1% | -42.9% | ||
| Q3 24 | 17.4% | -125.9% | ||
| Q2 24 | 13.9% | -125.8% | ||
| Q1 24 | 7.7% | -120.1% |
每股收益（稀释后）HASRIVN
| Q4 25 | $1.46 | $-0.66 | ||
| Q3 25 | $1.64 | $-0.96 | ||
| Q2 25 | $-6.10 | $-0.97 | ||
| Q1 25 | $0.70 | $-0.48 | ||
| Q4 24 | $-0.25 | $-0.67 | ||
| Q3 24 | $1.59 | $-1.08 | ||
| Q2 24 | $0.99 | $-1.46 | ||
| Q1 24 | $0.42 | $-1.48 |
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 | — | $6.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $565.5M | $4.6B |
| 总资产 | $5.6B | $14.9B |
| 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HASRIVN
| Q4 25 | — | $6.1B | ||
| Q3 25 | — | $7.1B | ||
| Q2 25 | — | $7.5B | ||
| Q1 25 | — | $7.2B | ||
| Q4 24 | — | $7.7B | ||
| Q3 24 | — | $6.7B | ||
| Q2 24 | — | $7.9B | ||
| Q1 24 | — | $7.9B |
总债务HASRIVN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $5.5B | ||
| Q1 24 | — | $4.4B |
股东权益HASRIVN
| Q4 25 | $565.5M | $4.6B | ||
| Q3 25 | $433.8M | $5.1B | ||
| Q2 25 | $269.7M | $6.1B | ||
| Q1 25 | $1.2B | $6.2B | ||
| Q4 24 | $1.2B | $6.6B | ||
| Q3 24 | $1.3B | $5.9B | ||
| Q2 24 | $1.2B | $6.8B | ||
| Q1 24 | $1.0B | $8.1B |
总资产HASRIVN
| Q4 25 | $5.6B | $14.9B | ||
| Q3 25 | $5.5B | $15.2B | ||
| Q2 25 | $5.2B | $15.6B | ||
| Q1 25 | $6.0B | $15.5B | ||
| Q4 24 | $6.3B | $15.4B | ||
| Q3 24 | $7.2B | $14.3B | ||
| Q2 24 | $6.9B | $15.4B | ||
| Q1 24 | $6.2B | $15.7B |
负债/权益比HASRIVN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.81× | ||
| Q1 24 | — | 0.55× |
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 | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $389.5M | $-1.1B |
| 自由现金流率自由现金流/营收 | 26.9% | -89.0% |
| 资本支出强度资本支出/营收 | 0.9% | 36.0% |
| 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 | $-2.5B |
8季度趋势，按日历期对齐
经营现金流HASRIVN
| Q4 25 | $403.2M | $-681.0M | ||
| Q3 25 | $280.6M | $26.0M | ||
| Q2 25 | $71.3M | $64.0M | ||
| Q1 25 | $138.1M | $-188.0M | ||
| Q4 24 | $259.8M | $1.2B | ||
| Q3 24 | $222.5M | $-876.0M | ||
| Q2 24 | $187.3M | $-754.0M | ||
| Q1 24 | $177.8M | $-1.3B |
自由现金流HASRIVN
| Q4 25 | $389.5M | $-1.1B | ||
| Q3 25 | $260.9M | $-421.0M | ||
| Q2 25 | $55.2M | $-398.0M | ||
| Q1 25 | $124.3M | $-526.0M | ||
| Q4 24 | $200.8M | $856.0M | ||
| Q3 24 | $174.0M | $-1.2B | ||
| Q2 24 | $135.4M | $-1.0B | ||
| Q1 24 | $132.0M | $-1.5B |
自由现金流率HASRIVN
| Q4 25 | 26.9% | -89.0% | ||
| Q3 25 | 18.8% | -27.0% | ||
| Q2 25 | 5.6% | -30.5% | ||
| Q1 25 | 14.0% | -42.4% | ||
| Q4 24 | 18.2% | 49.4% | ||
| Q3 24 | 13.6% | -131.9% | ||
| Q2 24 | 13.6% | -89.6% | ||
| Q1 24 | 17.4% | -126.5% |
资本支出强度HASRIVN
| Q4 25 | 0.9% | 36.0% | ||
| Q3 25 | 1.4% | 28.7% | ||
| Q2 25 | 1.6% | 35.5% | ||
| Q1 25 | 1.6% | 27.3% | ||
| Q4 24 | 5.4% | 18.9% | ||
| Q3 24 | 3.8% | 31.7% | ||
| Q2 24 | 5.2% | 24.4% | ||
| Q1 24 | 6.0% | 21.1% |
现金转化率HASRIVN
| Q4 25 | 2.00× | — | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.40× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.00× | — | ||
| 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% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
