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孩之宝（HAS）与Rocket Companies, Inc.（RKT）财务数据对比。点击上方公司名可切换其他公司
Rocket Companies, Inc.的季度营收约是孩之宝的1.9倍（$2.7B vs $1.4B），孩之宝净利率更高（13.9% vs 2.5%，领先11.4%），Rocket Companies, Inc.同比增速更快（52.2% vs 31.3%），孩之宝自由现金流更多（$389.5M vs $-1.3B），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% 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。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
HAS vs RKT — 直观对比
营收规模更大
RKT
是对方的1.9倍
$1.4B
营收增速更快
RKT
高出20.9%
31.3%
净利率更高
HAS
高出11.4%
2.5%
自由现金流更多
HAS
多$1.7B
$-1.3B
两年增速更快
RKT
近两年复合增速
38.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.7B |
| 净利润 | $201.6M | $68.0M |
| 毛利率 | 68.7% | — |
| 营业利润率 | 20.6% | 6.3% |
| 净利率 | 13.9% | 2.5% |
| 营收同比 | 31.3% | 52.2% |
| 净利润同比 | 687.8% | 100.8% |
| 每股收益（稀释后） | $1.46 | $0.10 |
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HASRKT
| Q4 25 | $1.4B | $2.7B | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $980.8M | $1.4B | ||
| Q1 25 | $887.1M | $1.0B | ||
| Q4 24 | $1.1B | $1.8B | ||
| Q3 24 | $1.3B | $646.9M | ||
| Q2 24 | $995.3M | $1.3B | ||
| Q1 24 | $757.3M | $1.4B |
净利润HASRKT
| Q4 25 | $201.6M | $68.0M | ||
| Q3 25 | $233.2M | $-123.9M | ||
| Q2 25 | $-855.8M | $-1.8M | ||
| Q1 25 | $98.6M | $-10.4M | ||
| Q4 24 | $-34.3M | $33.9M | ||
| Q3 24 | $223.2M | $-22.0M | ||
| Q2 24 | $138.5M | $1.3M | ||
| Q1 24 | $58.2M | $16.2M |
毛利率HASRKT
| Q4 25 | 68.7% | — | ||
| Q3 25 | 70.1% | — | ||
| Q2 25 | 77.0% | — | ||
| Q1 25 | 76.9% | — | ||
| Q4 24 | 67.4% | 58.9% | ||
| Q3 24 | 70.4% | -8.4% | ||
| Q2 24 | 76.1% | 47.4% | ||
| Q1 24 | 73.0% | 51.2% |
营业利润率HASRKT
| Q4 25 | 20.6% | 6.3% | ||
| Q3 25 | 24.6% | -11.5% | ||
| Q2 25 | -81.4% | 1.8% | ||
| Q1 25 | 19.2% | -21.5% | ||
| Q4 24 | 5.4% | 38.1% | ||
| Q3 24 | 23.6% | -76.9% | ||
| Q2 24 | 21.3% | 14.8% | ||
| Q1 24 | 15.3% | 21.6% |
净利率HASRKT
| Q4 25 | 13.9% | 2.5% | ||
| Q3 25 | 16.8% | -7.7% | ||
| Q2 25 | -87.3% | -0.1% | ||
| Q1 25 | 11.1% | -1.0% | ||
| Q4 24 | -3.1% | 1.9% | ||
| Q3 24 | 17.4% | -3.4% | ||
| Q2 24 | 13.9% | 0.1% | ||
| Q1 24 | 7.7% | 1.2% |
每股收益（稀释后）HASRKT
| Q4 25 | $1.46 | $0.10 | ||
| Q3 25 | $1.64 | $-0.06 | ||
| Q2 25 | $-6.10 | $-0.01 | ||
| Q1 25 | $0.70 | $-0.08 | ||
| Q4 24 | $-0.25 | $0.28 | ||
| Q3 24 | $1.59 | $-0.19 | ||
| Q2 24 | $0.99 | $0.01 | ||
| 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 | — | $2.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $565.5M | $22.9B |
| 总资产 | $5.6B | $60.7B |
| 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HASRKT
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $5.8B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $861.4M |
股东权益HASRKT
| Q4 25 | $565.5M | $22.9B | ||
| Q3 25 | $433.8M | $8.9B | ||
| Q2 25 | $269.7M | $7.4B | ||
| Q1 25 | $1.2B | $8.6B | ||
| Q4 24 | $1.2B | $9.0B | ||
| Q3 24 | $1.3B | $8.4B | ||
| Q2 24 | $1.2B | $8.8B | ||
| Q1 24 | $1.0B | $8.6B |
总资产HASRKT
| Q4 25 | $5.6B | $60.7B | ||
| Q3 25 | $5.5B | $33.6B | ||
| Q2 25 | $5.2B | $30.4B | ||
| Q1 25 | $6.0B | $25.3B | ||
| Q4 24 | $6.3B | $24.5B | ||
| Q3 24 | $7.2B | $25.1B | ||
| Q2 24 | $6.9B | $23.6B | ||
| Q1 24 | $6.2B | $22.2B |
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 | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $389.5M | $-1.3B |
| 自由现金流率自由现金流/营收 | 26.9% | -47.2% |
| 资本支出强度资本支出/营收 | 0.9% | 1.5% |
| 现金转化率经营现金流/净利润 | 2.00× | -18.08× |
| 过去12个月自由现金流最近4个季度 | $829.9M | $-4.0B |
8季度趋势，按日历期对齐
经营现金流HASRKT
| Q4 25 | $403.2M | $-1.2B | ||
| Q3 25 | $280.6M | $-50.3M | ||
| Q2 25 | $71.3M | $-1.9B | ||
| Q1 25 | $138.1M | $-797.0M | ||
| Q4 24 | $259.8M | $1.8B | ||
| Q3 24 | $222.5M | $-1.3B | ||
| Q2 24 | $187.3M | $-122.3M | ||
| Q1 24 | $177.8M | $-3.0B |
自由现金流HASRKT
| Q4 25 | $389.5M | $-1.3B | ||
| Q3 25 | $260.9M | $-71.8M | ||
| Q2 25 | $55.2M | $-1.9B | ||
| Q1 25 | $124.3M | $-811.0M | ||
| Q4 24 | $200.8M | $1.8B | ||
| Q3 24 | $174.0M | $-1.4B | ||
| Q2 24 | $135.4M | $-138.3M | ||
| Q1 24 | $132.0M | $-3.0B |
自由现金流率HASRKT
| Q4 25 | 26.9% | -47.2% | ||
| Q3 25 | 18.8% | -4.5% | ||
| Q2 25 | 5.6% | -137.2% | ||
| Q1 25 | 14.0% | -78.2% | ||
| Q4 24 | 18.2% | 103.1% | ||
| Q3 24 | 13.6% | -209.6% | ||
| Q2 24 | 13.6% | -10.6% | ||
| Q1 24 | 17.4% | -218.7% |
资本支出强度HASRKT
| Q4 25 | 0.9% | 1.5% | ||
| Q3 25 | 1.4% | 1.3% | ||
| Q2 25 | 1.6% | 1.1% | ||
| Q1 25 | 1.6% | 1.4% | ||
| Q4 24 | 5.4% | 1.1% | ||
| Q3 24 | 3.8% | 2.9% | ||
| Q2 24 | 5.2% | 1.2% | ||
| Q1 24 | 6.0% | 1.0% |
现金转化率HASRKT
| Q4 25 | 2.00× | -18.08× | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.40× | — | ||
| Q4 24 | — | 54.42× | ||
| Q3 24 | 1.00× | — | ||
| Q2 24 | 1.35× | -94.46× | ||
| Q1 24 | 3.05× | -185.80× |
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% |
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
