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孩之宝（HAS）与SIGNET JEWELERS LTD（SIG）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SIGNET JEWELERS LTD的1.0倍（$1.4B vs $1.4B），孩之宝净利率更高（13.9% vs 1.4%，领先12.5%），孩之宝同比增速更快（31.3% vs 3.1%），孩之宝自由现金流更多（$389.5M vs $-1.5M），过去两年孩之宝的营收复合增速更高（38.2% vs -25.4%）
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。
Signet Jewelers是全球最大的钻石珠宝零售商，注册地位于百慕大，总部设在美国俄亥俄州阿克伦的费尔劳恩郊区，在纽约证券交易所上市。公司主打中端珠宝市场，旗下拥有Blue Nile、Zales、Kay等知名品牌，在美国、加拿大、英国的专业珠宝市场均占据龙头地位，部分品牌布局中高端赛道。
HAS vs SIG — 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28.1%
3.1%
净利率更高
HAS
高出12.5%
1.4%
自由现金流更多
HAS
多$391.0M
$-1.5M
两年增速更快
HAS
近两年复合增速
-25.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.4B |
| 净利润 | $201.6M | $20.0M |
| 毛利率 | 68.7% | 37.3% |
| 营业利润率 | 20.6% | 1.7% |
| 净利率 | 13.9% | 1.4% |
| 营收同比 | 31.3% | 3.1% |
| 净利润同比 | 687.8% | 185.7% |
| 每股收益（稀释后） | $1.46 | $0.49 |
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HASSIG
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.4B | $1.5B | ||
| Q2 25 | $980.8M | $1.5B | ||
| Q1 25 | $887.1M | $2.4B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.3B | $1.5B | ||
| Q2 24 | $995.3M | $1.5B | ||
| Q1 24 | $757.3M | $2.5B |
净利润HASSIG
| Q4 25 | $201.6M | $20.0M | ||
| Q3 25 | $233.2M | $-9.1M | ||
| Q2 25 | $-855.8M | $33.5M | ||
| Q1 25 | $98.6M | $100.6M | ||
| Q4 24 | $-34.3M | $7.0M | ||
| Q3 24 | $223.2M | $-98.5M | ||
| Q2 24 | $138.5M | $52.1M | ||
| Q1 24 | $58.2M | $626.2M |
毛利率HASSIG
| Q4 25 | 68.7% | 37.3% | ||
| Q3 25 | 70.1% | 38.6% | ||
| Q2 25 | 77.0% | 38.8% | ||
| Q1 25 | 76.9% | 42.6% | ||
| Q4 24 | 67.4% | 36.0% | ||
| Q3 24 | 70.4% | 38.0% | ||
| Q2 24 | 76.1% | 37.9% | ||
| Q1 24 | 73.0% | 43.3% |
营业利润率HASSIG
| Q4 25 | 20.6% | 1.7% | ||
| Q3 25 | 24.6% | 0.2% | ||
| Q2 25 | -81.4% | 3.1% | ||
| Q1 25 | 19.2% | 6.5% | ||
| Q4 24 | 5.4% | 0.7% | ||
| Q3 24 | 23.6% | -6.8% | ||
| Q2 24 | 21.3% | 3.3% | ||
| Q1 24 | 15.3% | 16.7% |
净利率HASSIG
| Q4 25 | 13.9% | 1.4% | ||
| Q3 25 | 16.8% | -0.6% | ||
| Q2 25 | -87.3% | 2.2% | ||
| Q1 25 | 11.1% | 4.3% | ||
| Q4 24 | -3.1% | 0.5% | ||
| Q3 24 | 17.4% | -6.6% | ||
| Q2 24 | 13.9% | 3.4% | ||
| Q1 24 | 7.7% | 25.1% |
每股收益（稀释后）HASSIG
| Q4 25 | $1.46 | $0.49 | ||
| Q3 25 | $1.64 | $-0.22 | ||
| Q2 25 | $-6.10 | $0.78 | ||
| Q1 25 | $0.70 | $2.25 | ||
| Q4 24 | $-0.25 | $0.12 | ||
| Q3 24 | $1.59 | $-2.28 | ||
| Q2 24 | $0.99 | $-0.90 | ||
| Q1 24 | $0.42 | $11.77 |
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 | — | $234.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $565.5M | $1.7B |
| 总资产 | $5.6B | $5.4B |
| 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HASSIG
| Q4 25 | — | $234.7M | ||
| Q3 25 | — | $281.4M | ||
| Q2 25 | — | $264.1M | ||
| Q1 25 | — | $604.0M | ||
| Q4 24 | — | $157.7M | ||
| Q3 24 | — | $403.1M | ||
| Q2 24 | — | $729.3M | ||
| Q1 24 | — | $1.4B |
股东权益HASSIG
| Q4 25 | $565.5M | $1.7B | ||
| Q3 25 | $433.8M | $1.7B | ||
| Q2 25 | $269.7M | $1.8B | ||
| Q1 25 | $1.2B | $1.9B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $1.3B | $1.9B | ||
| Q2 24 | $1.2B | $2.1B | ||
| Q1 24 | $1.0B | $2.2B |
总资产HASSIG
| Q4 25 | $5.6B | $5.4B | ||
| Q3 25 | $5.5B | $5.3B | ||
| Q2 25 | $5.2B | $5.5B | ||
| Q1 25 | $6.0B | $5.7B | ||
| Q4 24 | $6.3B | $5.7B | ||
| Q3 24 | $7.2B | $5.6B | ||
| Q2 24 | $6.9B | $6.2B | ||
| Q1 24 | $6.2B | $6.8B |
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 | $31.0M |
| 自由现金流经营现金流 - 资本支出 | $389.5M | $-1.5M |
| 自由现金流率自由现金流/营收 | 26.9% | -0.1% |
| 资本支出强度资本支出/营收 | 0.9% | 2.3% |
| 现金转化率经营现金流/净利润 | 2.00× | 1.55× |
| 过去12个月自由现金流最近4个季度 | $829.9M | $591.0M |
8季度趋势，按日历期对齐
经营现金流HASSIG
| Q4 25 | $403.2M | $31.0M | ||
| Q3 25 | $280.6M | $86.3M | ||
| Q2 25 | $71.3M | $-175.3M | ||
| Q1 25 | $138.1M | $780.7M | ||
| Q4 24 | $259.8M | $-75.4M | ||
| Q3 24 | $222.5M | $43.8M | ||
| Q2 24 | $187.3M | $-158.2M | ||
| Q1 24 | $177.8M | $752.2M |
自由现金流HASSIG
| Q4 25 | $389.5M | $-1.5M | ||
| Q3 25 | $260.9M | $62.3M | ||
| Q2 25 | $55.2M | $-211.9M | ||
| Q1 25 | $124.3M | $742.1M | ||
| Q4 24 | $200.8M | $-138.5M | ||
| Q3 24 | $174.0M | $15.8M | ||
| Q2 24 | $135.4M | $-181.5M | ||
| Q1 24 | $132.0M | $716.1M |
自由现金流率HASSIG
| Q4 25 | 26.9% | -0.1% | ||
| Q3 25 | 18.8% | 4.1% | ||
| Q2 25 | 5.6% | -13.7% | ||
| Q1 25 | 14.0% | 31.5% | ||
| Q4 24 | 18.2% | -10.3% | ||
| Q3 24 | 13.6% | 1.1% | ||
| Q2 24 | 13.6% | -12.0% | ||
| Q1 24 | 17.4% | 28.7% |
资本支出强度HASSIG
| Q4 25 | 0.9% | 2.3% | ||
| Q3 25 | 1.4% | 1.6% | ||
| Q2 25 | 1.6% | 2.4% | ||
| Q1 25 | 1.6% | 1.6% | ||
| Q4 24 | 5.4% | 4.7% | ||
| Q3 24 | 3.8% | 1.9% | ||
| Q2 24 | 5.2% | 1.5% | ||
| Q1 24 | 6.0% | 1.4% |
现金转化率HASSIG
| Q4 25 | 2.00× | 1.55× | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | — | -5.23× | ||
| Q1 25 | 1.40× | 7.76× | ||
| Q4 24 | — | -10.77× | ||
| Q3 24 | 1.00× | — | ||
| Q2 24 | 1.35× | -3.04× | ||
| Q1 24 | 3.05× | 1.20× |
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% |
SIG
| Other | $571.9M | 41% |
| Zale Jewelry | $243.4M | 17% |
| Extended Service Plan | $129.6M | 9% |
| Diamonds Direct | $87.9M | 6% |
| Blue Nile | $74.3M | 5% |
| Extended Service Plan And Other Deferred Revenue | $69.9M | 5% |
| Banter By Piercing Pagoda | $69.2M | 5% |
| Watches | $48.7M | 3% |
| Peoples | $42.2M | 3% |
| James Allen | $27.8M | 2% |
