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孩之宝（HAS）与RPM INTERNATIONAL INC（RPM）财务数据对比。点击上方公司名可切换其他公司
RPM INTERNATIONAL INC的季度营收约是孩之宝的1.3倍（$1.9B vs $1.4B），孩之宝净利率更高（13.9% vs 8.4%，领先5.5%），孩之宝同比增速更快（31.3% vs 3.5%），孩之宝自由现金流更多（$389.5M vs $296.4M），过去两年孩之宝的营收复合增速更高（38.2% vs 12.0%）
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。
BVS娱乐前身为Saban制作、Saban国际及Saban娱乐，是华特迪士尼公司旗下子公司。1980年4月24日由哈伊姆·萨班与舒基·利维创立，最初主营音乐制作，后逐步转向电视节目制作发行业务，最为知名的是为Fox Family/ABC Family及已停播的Fox Kids、Jetix频道制作发行儿童节目。
HAS vs RPM — 直观对比
营收规模更大
RPM
是对方的1.3倍
$1.4B
营收增速更快
HAS
高出27.8%
3.5%
净利率更高
HAS
高出5.5%
8.4%
自由现金流更多
HAS
多$93.1M
$296.4M
两年增速更快
HAS
近两年复合增速
12.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.9B |
| 净利润 | $201.6M | $161.2M |
| 毛利率 | 68.7% | 40.8% |
| 营业利润率 | 20.6% | 11.0% |
| 净利率 | 13.9% | 8.4% |
| 营收同比 | 31.3% | 3.5% |
| 净利润同比 | 687.8% | -12.0% |
| 每股收益（稀释后） | $1.46 | $1.26 |
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HASRPM
| Q4 25 | $1.4B | $1.9B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $980.8M | $2.1B | ||
| Q1 25 | $887.1M | $1.5B | ||
| Q4 24 | $1.1B | $1.8B | ||
| Q3 24 | $1.3B | $2.0B | ||
| Q2 24 | $995.3M | $2.0B | ||
| Q1 24 | $757.3M | $1.5B |
净利润HASRPM
| Q4 25 | $201.6M | $161.2M | ||
| Q3 25 | $233.2M | $227.6M | ||
| Q2 25 | $-855.8M | $225.8M | ||
| Q1 25 | $98.6M | $52.0M | ||
| Q4 24 | $-34.3M | $183.2M | ||
| Q3 24 | $223.2M | $227.7M | ||
| Q2 24 | $138.5M | $180.6M | ||
| Q1 24 | $58.2M | $61.2M |
毛利率HASRPM
| Q4 25 | 68.7% | 40.8% | ||
| Q3 25 | 70.1% | 42.3% | ||
| Q2 25 | 77.0% | 42.4% | ||
| Q1 25 | 76.9% | 38.4% | ||
| Q4 24 | 67.4% | 41.4% | ||
| Q3 24 | 70.4% | 42.5% | ||
| Q2 24 | 76.1% | 41.4% | ||
| Q1 24 | 73.0% | 39.9% |
营业利润率HASRPM
| Q4 25 | 20.6% | 11.0% | ||
| Q3 25 | 24.6% | 14.1% | ||
| Q2 25 | -81.4% | 11.9% | ||
| Q1 25 | 19.2% | 2.8% | ||
| Q4 24 | 5.4% | 11.5% | ||
| Q3 24 | 23.6% | 14.8% | ||
| Q2 24 | 21.3% | 11.9% | ||
| Q1 24 | 15.3% | 5.5% |
净利率HASRPM
| Q4 25 | 13.9% | 8.4% | ||
| Q3 25 | 16.8% | 10.8% | ||
| Q2 25 | -87.3% | 10.8% | ||
| Q1 25 | 11.1% | 3.5% | ||
| Q4 24 | -3.1% | 9.9% | ||
| Q3 24 | 17.4% | 11.6% | ||
| Q2 24 | 13.9% | 9.0% | ||
| Q1 24 | 7.7% | 4.0% |
每股收益（稀释后）HASRPM
| Q4 25 | $1.46 | $1.26 | ||
| Q3 25 | $1.64 | $1.77 | ||
| Q2 25 | $-6.10 | $1.76 | ||
| Q1 25 | $0.70 | $0.40 | ||
| Q4 24 | $-0.25 | $1.42 | ||
| Q3 24 | $1.59 | $1.77 | ||
| Q2 24 | $0.99 | $1.40 | ||
| Q1 24 | $0.42 | $0.47 |
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 | — | $316.6M |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $565.5M | $3.1B |
| 总资产 | $5.6B | $7.9B |
| 负债/权益比越低杠杆越低 | — | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资HASRPM
| Q4 25 | — | $316.6M | ||
| Q3 25 | — | $297.1M | ||
| Q2 25 | — | $302.1M | ||
| Q1 25 | — | $241.9M | ||
| Q4 24 | — | $268.7M | ||
| Q3 24 | — | $231.6M | ||
| Q2 24 | — | $237.4M | ||
| Q1 24 | — | $248.9M |
总债务HASRPM
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $2.2B |
股东权益HASRPM
| Q4 25 | $565.5M | $3.1B | ||
| Q3 25 | $433.8M | $3.1B | ||
| Q2 25 | $269.7M | $2.9B | ||
| Q1 25 | $1.2B | $2.7B | ||
| Q4 24 | $1.2B | $2.7B | ||
| Q3 24 | $1.3B | $2.6B | ||
| Q2 24 | $1.2B | $2.5B | ||
| Q1 24 | $1.0B | $2.3B |
总资产HASRPM
| Q4 25 | $5.6B | $7.9B | ||
| Q3 25 | $5.5B | $7.9B | ||
| Q2 25 | $5.2B | $7.8B | ||
| Q1 25 | $6.0B | $6.6B | ||
| Q4 24 | $6.3B | $6.7B | ||
| Q3 24 | $7.2B | $6.6B | ||
| Q2 24 | $6.9B | $6.6B | ||
| Q1 24 | $6.2B | $6.4B |
负债/权益比HASRPM
| Q4 25 | — | 0.80× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.91× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | — | 0.79× | ||
| Q1 24 | — | 0.93× |
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 | $345.7M |
| 自由现金流经营现金流 - 资本支出 | $389.5M | $296.4M |
| 自由现金流率自由现金流/营收 | 26.9% | 15.5% |
| 资本支出强度资本支出/营收 | 0.9% | 2.6% |
| 现金转化率经营现金流/净利润 | 2.00× | 2.14× |
| 过去12个月自由现金流最近4个季度 | $829.9M | $582.9M |
8季度趋势，按日历期对齐
经营现金流HASRPM
| Q4 25 | $403.2M | $345.7M | ||
| Q3 25 | $280.6M | $237.5M | ||
| Q2 25 | $71.3M | $149.2M | ||
| Q1 25 | $138.1M | $91.5M | ||
| Q4 24 | $259.8M | $279.4M | ||
| Q3 24 | $222.5M | $248.1M | ||
| Q2 24 | $187.3M | $181.2M | ||
| Q1 24 | $177.8M | $173.4M |
自由现金流HASRPM
| Q4 25 | $389.5M | $296.4M | ||
| Q3 25 | $260.9M | $175.0M | ||
| Q2 25 | $55.2M | $78.2M | ||
| Q1 25 | $124.3M | $33.3M | ||
| Q4 24 | $200.8M | $229.5M | ||
| Q3 24 | $174.0M | $197.3M | ||
| Q2 24 | $135.4M | $105.3M | ||
| Q1 24 | $132.0M | $124.6M |
自由现金流率HASRPM
| Q4 25 | 26.9% | 15.5% | ||
| Q3 25 | 18.8% | 8.3% | ||
| Q2 25 | 5.6% | 3.8% | ||
| Q1 25 | 14.0% | 2.3% | ||
| Q4 24 | 18.2% | 12.4% | ||
| Q3 24 | 13.6% | 10.0% | ||
| Q2 24 | 13.6% | 5.2% | ||
| Q1 24 | 17.4% | 8.2% |
资本支出强度HASRPM
| Q4 25 | 0.9% | 2.6% | ||
| Q3 25 | 1.4% | 3.0% | ||
| Q2 25 | 1.6% | 3.4% | ||
| Q1 25 | 1.6% | 3.9% | ||
| Q4 24 | 5.4% | 2.7% | ||
| Q3 24 | 3.8% | 2.6% | ||
| Q2 24 | 5.2% | 3.8% | ||
| Q1 24 | 6.0% | 3.2% |
现金转化率HASRPM
| Q4 25 | 2.00× | 2.14× | ||
| Q3 25 | 1.20× | 1.04× | ||
| Q2 25 | — | 0.66× | ||
| Q1 25 | 1.40× | 1.76× | ||
| Q4 24 | — | 1.53× | ||
| Q3 24 | 1.00× | 1.09× | ||
| Q2 24 | 1.35× | 1.00× | ||
| Q1 24 | 3.05× | 2.83× |
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% |
RPM
| Construction Products Group Segment | $737.4M | 39% |
| Consumer Segment | $638.6M | 33% |
| Performance Coatings Group Segment | $533.8M | 28% |
