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孩之宝（HAS）与瑞思迈（RMD）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瑞思迈的1.0倍（$1.4B vs $1.4B），瑞思迈净利率更高（27.6% vs 13.9%，领先13.6%），孩之宝同比增速更快（31.3% vs 11.0%），孩之宝自由现金流更多（$389.5M vs $311.2M），过去两年孩之宝的营收复合增速更高（38.2% vs 9.0%）
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。
瑞思迈是一家起源于澳大利亚、总部位于美国加利福尼亚州圣迭戈的医疗设备企业，主打可接入云端的呼吸类医疗设备，用于治疗睡眠呼吸暂停、慢性阻塞性肺病等呼吸道疾病，新冠疫情期间曾大量生产呼吸机等设备助力患者救治。
HAS vs RMD — 直观对比
营收规模更大
HAS
是对方的1.0倍
$1.4B
营收增速更快
HAS
高出20.3%
11.0%
净利率更高
RMD
高出13.6%
13.9%
自由现金流更多
HAS
多$78.3M
$311.2M
两年增速更快
HAS
近两年复合增速
9.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.4B |
| 净利润 | $201.6M | $392.6M |
| 毛利率 | 68.7% | 61.8% |
| 营业利润率 | 20.6% | 34.6% |
| 净利率 | 13.9% | 27.6% |
| 营收同比 | 31.3% | 11.0% |
| 净利润同比 | 687.8% | 13.9% |
| 每股收益（稀释后） | $1.46 | $2.68 |
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HASRMD
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $980.8M | $1.3B | ||
| Q1 25 | $887.1M | $1.3B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $995.3M | $1.2B | ||
| Q1 24 | $757.3M | $1.2B |
净利润HASRMD
| Q4 25 | $201.6M | $392.6M | ||
| Q3 25 | $233.2M | $348.5M | ||
| Q2 25 | $-855.8M | $379.7M | ||
| Q1 25 | $98.6M | $365.0M | ||
| Q4 24 | $-34.3M | $344.6M | ||
| Q3 24 | $223.2M | $311.4M | ||
| Q2 24 | $138.5M | $292.2M | ||
| Q1 24 | $58.2M | $300.5M |
毛利率HASRMD
| Q4 25 | 68.7% | 61.8% | ||
| Q3 25 | 70.1% | 61.5% | ||
| Q2 25 | 77.0% | 60.8% | ||
| Q1 25 | 76.9% | 59.3% | ||
| Q4 24 | 67.4% | 58.6% | ||
| Q3 24 | 70.4% | 58.6% | ||
| Q2 24 | 76.1% | 58.5% | ||
| Q1 24 | 73.0% | 57.9% |
营业利润率HASRMD
| Q4 25 | 20.6% | 34.6% | ||
| Q3 25 | 24.6% | 33.4% | ||
| Q2 25 | -81.4% | 33.7% | ||
| Q1 25 | 19.2% | 33.0% | ||
| Q4 24 | 5.4% | 32.5% | ||
| Q3 24 | 23.6% | 31.6% | ||
| Q2 24 | 21.3% | 31.2% | ||
| Q1 24 | 15.3% | 31.3% |
净利率HASRMD
| Q4 25 | 13.9% | 27.6% | ||
| Q3 25 | 16.8% | 26.1% | ||
| Q2 25 | -87.3% | 28.2% | ||
| Q1 25 | 11.1% | 28.3% | ||
| Q4 24 | -3.1% | 26.9% | ||
| Q3 24 | 17.4% | 25.4% | ||
| Q2 24 | 13.9% | 23.9% | ||
| Q1 24 | 7.7% | 25.1% |
每股收益（稀释后）HASRMD
| Q4 25 | $1.46 | $2.68 | ||
| Q3 25 | $1.64 | $2.37 | ||
| Q2 25 | $-6.10 | $2.58 | ||
| Q1 25 | $0.70 | $2.48 | ||
| Q4 24 | $-0.25 | $2.34 | ||
| Q3 24 | $1.59 | $2.11 | ||
| Q2 24 | $0.99 | $1.97 | ||
| Q1 24 | $0.42 | $2.04 |
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 | — | $1.4B |
| 总债务越低越好 | — | $403.9M |
| 股东权益账面价值 | $565.5M | $6.3B |
| 总资产 | $5.6B | $8.5B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资HASRMD
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $932.7M | ||
| Q4 24 | — | $521.9M | ||
| Q3 24 | — | $426.4M | ||
| Q2 24 | — | $238.4M | ||
| Q1 24 | — | $237.9M |
总债务HASRMD
| Q4 25 | — | $403.9M | ||
| Q3 25 | — | $408.7M | ||
| Q2 25 | — | $658.4M | ||
| Q1 25 | — | $663.1M | ||
| Q4 24 | — | $662.9M | ||
| Q3 24 | — | $667.6M | ||
| Q2 24 | — | $697.3M | ||
| Q1 24 | — | $997.0M |
股东权益HASRMD
| Q4 25 | $565.5M | $6.3B | ||
| Q3 25 | $433.8M | $6.1B | ||
| Q2 25 | $269.7M | $6.0B | ||
| Q1 25 | $1.2B | $5.5B | ||
| Q4 24 | $1.2B | $5.3B | ||
| Q3 24 | $1.3B | $5.2B | ||
| Q2 24 | $1.2B | $4.9B | ||
| Q1 24 | $1.0B | $4.6B |
总资产HASRMD
| Q4 25 | $5.6B | $8.5B | ||
| Q3 25 | $5.5B | $8.3B | ||
| Q2 25 | $5.2B | $8.2B | ||
| Q1 25 | $6.0B | $7.6B | ||
| Q4 24 | $6.3B | $7.1B | ||
| Q3 24 | $7.2B | $7.2B | ||
| Q2 24 | $6.9B | $6.9B | ||
| Q1 24 | $6.2B | $6.8B |
负债/权益比HASRMD
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.22× |
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 | $339.7M |
| 自由现金流经营现金流 - 资本支出 | $389.5M | $311.2M |
| 自由现金流率自由现金流/营收 | 26.9% | 21.9% |
| 资本支出强度资本支出/营收 | 0.9% | 2.0% |
| 现金转化率经营现金流/净利润 | 2.00× | 0.87× |
| 过去12个月自由现金流最近4个季度 | $829.9M | $1.8B |
8季度趋势，按日历期对齐
经营现金流HASRMD
| Q4 25 | $403.2M | $339.7M | ||
| Q3 25 | $280.6M | $457.3M | ||
| Q2 25 | $71.3M | $538.8M | ||
| Q1 25 | $138.1M | $578.7M | ||
| Q4 24 | $259.8M | $308.6M | ||
| Q3 24 | $222.5M | $325.5M | ||
| Q2 24 | $187.3M | $440.1M | ||
| Q1 24 | $177.8M | $402.0M |
自由现金流HASRMD
| Q4 25 | $389.5M | $311.2M | ||
| Q3 25 | $260.9M | $414.4M | ||
| Q2 25 | $55.2M | $508.2M | ||
| Q1 25 | $124.3M | $557.9M | ||
| Q4 24 | $200.8M | $288.0M | ||
| Q3 24 | $174.0M | $307.7M | ||
| Q2 24 | $135.4M | $415.2M | ||
| Q1 24 | $132.0M | $380.8M |
自由现金流率HASRMD
| Q4 25 | 26.9% | 21.9% | ||
| Q3 25 | 18.8% | 31.0% | ||
| Q2 25 | 5.6% | 37.7% | ||
| Q1 25 | 14.0% | 43.2% | ||
| Q4 24 | 18.2% | 22.5% | ||
| Q3 24 | 13.6% | 25.1% | ||
| Q2 24 | 13.6% | 33.9% | ||
| Q1 24 | 17.4% | 31.8% |
资本支出强度HASRMD
| Q4 25 | 0.9% | 2.0% | ||
| Q3 25 | 1.4% | 3.2% | ||
| Q2 25 | 1.6% | 2.3% | ||
| Q1 25 | 1.6% | 1.6% | ||
| Q4 24 | 5.4% | 1.6% | ||
| Q3 24 | 3.8% | 1.5% | ||
| Q2 24 | 5.2% | 2.0% | ||
| Q1 24 | 6.0% | 1.8% |
现金转化率HASRMD
| Q4 25 | 2.00× | 0.87× | ||
| Q3 25 | 1.20× | 1.31× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | 1.40× | 1.59× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | 1.00× | 1.05× | ||
| Q2 24 | 1.35× | 1.51× | ||
| Q1 24 | 3.05× | 1.34× |
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% |
RMD
| Sleep And Breathing Health | $1.3B | 88% |
| Residential Care Software | $166.9M | 12% |
