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孩之宝（HAS）与ROKU, INC（ROKU）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ROKU, INC的1.0倍（$1.4B vs $1.4B），孩之宝净利率更高（13.9% vs 5.8%，领先8.2%），孩之宝同比增速更快（31.3% vs 16.1%），孩之宝自由现金流更多（$389.5M vs $106.6M），过去两年孩之宝的营收复合增速更高（38.2% vs 25.8%）
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。
Roku是美国流媒体技术企业，2002年由安东尼·伍德创立，主营数字媒体播放器、电视硬件生产，流媒体内容分发及平台广告运营。截至2024年覆盖用户达1.45亿，是美国流媒体视频分发领域的市场领导者，业务覆盖澳、加、法、德、英及拉美多国。
HAS vs ROKU — 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15.1%
16.1%
净利率更高
HAS
高出8.2%
5.8%
自由现金流更多
HAS
多$282.9M
$106.6M
两年增速更快
HAS
近两年复合增速
25.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.4B |
| 净利润 | $201.6M | $80.5M |
| 毛利率 | 68.7% | 43.5% |
| 营业利润率 | 20.6% | 4.7% |
| 净利率 | 13.9% | 5.8% |
| 营收同比 | 31.3% | 16.1% |
| 净利润同比 | 687.8% | 326.4% |
| 每股收益（稀释后） | $1.46 | $0.55 |
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HASROKU
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $980.8M | $1.1B | ||
| Q1 25 | $887.1M | $1.0B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $995.3M | $968.2M | ||
| Q1 24 | $757.3M | $881.5M |
净利润HASROKU
| Q4 25 | $201.6M | $80.5M | ||
| Q3 25 | $233.2M | $24.8M | ||
| Q2 25 | $-855.8M | $10.5M | ||
| Q1 25 | $98.6M | $-27.4M | ||
| Q4 24 | $-34.3M | $-35.5M | ||
| Q3 24 | $223.2M | $-9.0M | ||
| Q2 24 | $138.5M | $-34.0M | ||
| Q1 24 | $58.2M | $-50.9M |
毛利率HASROKU
| Q4 25 | 68.7% | 43.5% | ||
| Q3 25 | 70.1% | 43.4% | ||
| Q2 25 | 77.0% | 44.8% | ||
| Q1 25 | 76.9% | 43.6% | ||
| Q4 24 | 67.4% | 42.7% | ||
| Q3 24 | 70.4% | 45.2% | ||
| Q2 24 | 76.1% | 43.9% | ||
| Q1 24 | 73.0% | 44.1% |
营业利润率HASROKU
| Q4 25 | 20.6% | 4.7% | ||
| Q3 25 | 24.6% | 0.8% | ||
| Q2 25 | -81.4% | -2.1% | ||
| Q1 25 | 19.2% | -5.7% | ||
| Q4 24 | 5.4% | -3.3% | ||
| Q3 24 | 23.6% | -3.4% | ||
| Q2 24 | 21.3% | -7.4% | ||
| Q1 24 | 15.3% | -8.2% |
净利率HASROKU
| Q4 25 | 13.9% | 5.8% | ||
| Q3 25 | 16.8% | 2.0% | ||
| Q2 25 | -87.3% | 0.9% | ||
| Q1 25 | 11.1% | -2.7% | ||
| Q4 24 | -3.1% | -3.0% | ||
| Q3 24 | 17.4% | -0.9% | ||
| Q2 24 | 13.9% | -3.5% | ||
| Q1 24 | 7.7% | -5.8% |
每股收益（稀释后）HASROKU
| Q4 25 | $1.46 | $0.55 | ||
| Q3 25 | $1.64 | $0.16 | ||
| Q2 25 | $-6.10 | $0.07 | ||
| Q1 25 | $0.70 | $-0.19 | ||
| Q4 24 | $-0.25 | $-0.24 | ||
| Q3 24 | $1.59 | $-0.06 | ||
| Q2 24 | $0.99 | $-0.24 | ||
| Q1 24 | $0.42 | $-0.35 |
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 | — | $2.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $565.5M | $2.7B |
| 总资产 | $5.6B | $4.4B |
| 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HASROKU
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.1B | ||
| Q1 24 | — | $2.1B |
股东权益HASROKU
| Q4 25 | $565.5M | $2.7B | ||
| Q3 25 | $433.8M | $2.6B | ||
| Q2 25 | $269.7M | $2.6B | ||
| Q1 25 | $1.2B | $2.5B | ||
| Q4 24 | $1.2B | $2.5B | ||
| Q3 24 | $1.3B | $2.5B | ||
| Q2 24 | $1.2B | $2.4B | ||
| Q1 24 | $1.0B | $2.4B |
总资产HASROKU
| Q4 25 | $5.6B | $4.4B | ||
| Q3 25 | $5.5B | $4.4B | ||
| Q2 25 | $5.2B | $4.3B | ||
| Q1 25 | $6.0B | $4.2B | ||
| Q4 24 | $6.3B | $4.3B | ||
| Q3 24 | $7.2B | $4.3B | ||
| Q2 24 | $6.9B | $4.1B | ||
| Q1 24 | $6.2B | $4.2B |
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 | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $389.5M | $106.6M |
| 自由现金流率自由现金流/营收 | 26.9% | 7.6% |
| 资本支出强度资本支出/营收 | 0.9% | 0.1% |
| 现金转化率经营现金流/净利润 | 2.00× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $829.9M | $478.4M |
8季度趋势，按日历期对齐
经营现金流HASROKU
| Q4 25 | $403.2M | $107.7M | ||
| Q3 25 | $280.6M | $127.6M | ||
| Q2 25 | $71.3M | $109.7M | ||
| Q1 25 | $138.1M | $138.7M | ||
| Q4 24 | $259.8M | $79.3M | ||
| Q3 24 | $222.5M | $68.7M | ||
| Q2 24 | $187.3M | $23.4M | ||
| Q1 24 | $177.8M | $46.7M |
自由现金流HASROKU
| Q4 25 | $389.5M | $106.6M | ||
| Q3 25 | $260.9M | $126.5M | ||
| Q2 25 | $55.2M | $108.6M | ||
| Q1 25 | $124.3M | $136.8M | ||
| Q4 24 | $200.8M | $76.8M | ||
| Q3 24 | $174.0M | $67.6M | ||
| Q2 24 | $135.4M | $22.5M | ||
| Q1 24 | $132.0M | $46.0M |
自由现金流率HASROKU
| Q4 25 | 26.9% | 7.6% | ||
| Q3 25 | 18.8% | 10.4% | ||
| Q2 25 | 5.6% | 9.8% | ||
| Q1 25 | 14.0% | 13.4% | ||
| Q4 24 | 18.2% | 6.4% | ||
| Q3 24 | 13.6% | 6.4% | ||
| Q2 24 | 13.6% | 2.3% | ||
| Q1 24 | 17.4% | 5.2% |
资本支出强度HASROKU
| Q4 25 | 0.9% | 0.1% | ||
| Q3 25 | 1.4% | 0.1% | ||
| Q2 25 | 1.6% | 0.1% | ||
| Q1 25 | 1.6% | 0.2% | ||
| Q4 24 | 5.4% | 0.2% | ||
| Q3 24 | 3.8% | 0.1% | ||
| Q2 24 | 5.2% | 0.1% | ||
| Q1 24 | 6.0% | 0.1% |
现金转化率HASROKU
| Q4 25 | 2.00× | 1.34× | ||
| Q3 25 | 1.20× | 5.14× | ||
| Q2 25 | — | 10.45× | ||
| 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% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
