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孩之宝（HAS）与思佳讯（SWKS）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思佳讯的1.4倍（$1.4B vs $1.0B），孩之宝净利率更高（13.9% vs 7.6%，领先6.3%），孩之宝同比增速更快（31.3% vs 8.6%），孩之宝自由现金流更多（$389.5M vs $339.0M），过去两年孩之宝的营收复合增速更高（38.2% vs -0.5%）
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。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
HAS vs SWKS — 直观对比
营收规模更大
HAS
是对方的1.4倍
$1.0B
营收增速更快
HAS
高出22.6%
8.6%
净利率更高
HAS
高出6.3%
7.6%
自由现金流更多
HAS
多$50.5M
$339.0M
两年增速更快
HAS
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.0B |
| 净利润 | $201.6M | $79.2M |
| 毛利率 | 68.7% | 41.3% |
| 营业利润率 | 20.6% | 10.0% |
| 净利率 | 13.9% | 7.6% |
| 营收同比 | 31.3% | 8.6% |
| 净利润同比 | 687.8% | 15.3% |
| 每股收益（稀释后） | $1.46 | $0.53 |
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HASSWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.4B | $1.1B | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $980.8M | $965.0M | ||
| Q1 25 | $887.1M | $953.2M | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $995.3M | $905.5M |
净利润HASSWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $201.6M | $141.4M | ||
| Q3 25 | $233.2M | — | ||
| Q2 25 | $-855.8M | $105.0M | ||
| Q1 25 | $98.6M | $68.7M | ||
| Q4 24 | $-34.3M | $162.0M | ||
| Q3 24 | $223.2M | $60.5M | ||
| Q2 24 | $138.5M | $120.9M |
毛利率HASSWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | 68.7% | 40.7% | ||
| Q3 25 | 70.1% | — | ||
| Q2 25 | 77.0% | 41.6% | ||
| Q1 25 | 76.9% | 41.1% | ||
| Q4 24 | 67.4% | 41.4% | ||
| Q3 24 | 70.4% | 41.9% | ||
| Q2 24 | 76.1% | 40.2% |
营业利润率HASSWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 20.6% | 10.1% | ||
| Q3 25 | 24.6% | — | ||
| Q2 25 | -81.4% | 11.5% | ||
| Q1 25 | 19.2% | 10.2% | ||
| Q4 24 | 5.4% | 16.9% | ||
| Q3 24 | 23.6% | 5.8% | ||
| Q2 24 | 21.3% | 14.4% |
净利率HASSWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | 13.9% | 12.9% | ||
| Q3 25 | 16.8% | — | ||
| Q2 25 | -87.3% | 10.9% | ||
| Q1 25 | 11.1% | 7.2% | ||
| Q4 24 | -3.1% | 15.2% | ||
| Q3 24 | 17.4% | 5.9% | ||
| Q2 24 | 13.9% | 13.4% |
每股收益（稀释后）HASSWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | $1.46 | $0.95 | ||
| Q3 25 | $1.64 | — | ||
| Q2 25 | $-6.10 | $0.70 | ||
| Q1 25 | $0.70 | $0.43 | ||
| Q4 24 | $-0.25 | $1.00 | ||
| Q3 24 | $1.59 | $0.36 | ||
| Q2 24 | $0.99 | $0.75 |
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 | — | $1.6B |
| 总债务越低越好 | — | $496.6M |
| 股东权益账面价值 | $565.5M | $5.8B |
| 总资产 | $5.6B | $7.9B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资HASSWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.3B |
总债务HASSWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | — | $496.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $496.2M | ||
| Q1 25 | — | $995.1M | ||
| Q4 24 | — | $994.7M | ||
| Q3 24 | — | $994.3M | ||
| Q2 24 | — | $994.0M |
股东权益HASSWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $565.5M | $5.8B | ||
| Q3 25 | $433.8M | — | ||
| Q2 25 | $269.7M | $5.7B | ||
| Q1 25 | $1.2B | $5.9B | ||
| Q4 24 | $1.2B | $6.4B | ||
| Q3 24 | $1.3B | $6.3B | ||
| Q2 24 | $1.2B | $6.3B |
总资产HASSWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $5.6B | $7.9B | ||
| Q3 25 | $5.5B | — | ||
| Q2 25 | $5.2B | $7.7B | ||
| Q1 25 | $6.0B | $7.9B | ||
| Q4 24 | $6.3B | $8.3B | ||
| Q3 24 | $7.2B | $8.3B | ||
| Q2 24 | $6.9B | $8.2B |
负债/权益比HASSWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.09× | ||
| Q1 25 | — | 0.17× | ||
| Q4 24 | — | 0.16× | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.16× |
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 | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $389.5M | $339.0M |
| 自由现金流率自由现金流/营收 | 26.9% | 32.7% |
| 资本支出强度资本支出/营收 | 0.9% | 5.5% |
| 现金转化率经营现金流/净利润 | 2.00× | 4.99× |
| 过去12个月自由现金流最近4个季度 | $829.9M | $1.1B |
8季度趋势，按日历期对齐
经营现金流HASSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $403.2M | $200.0M | ||
| Q3 25 | $280.6M | — | ||
| Q2 25 | $71.3M | $314.2M | ||
| Q1 25 | $138.1M | $409.4M | ||
| Q4 24 | $259.8M | $377.2M | ||
| Q3 24 | $222.5M | $476.1M | ||
| Q2 24 | $187.3M | $273.4M |
自由现金流HASSWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | $389.5M | $144.0M | ||
| Q3 25 | $260.9M | — | ||
| Q2 25 | $55.2M | $252.7M | ||
| Q1 25 | $124.3M | $370.9M | ||
| Q4 24 | $200.8M | $338.2M | ||
| Q3 24 | $174.0M | $393.3M | ||
| Q2 24 | $135.4M | $249.0M |
自由现金流率HASSWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | 26.9% | 13.1% | ||
| Q3 25 | 18.8% | — | ||
| Q2 25 | 5.6% | 26.2% | ||
| Q1 25 | 14.0% | 38.9% | ||
| Q4 24 | 18.2% | 31.7% | ||
| Q3 24 | 13.6% | 38.4% | ||
| Q2 24 | 13.6% | 27.5% |
资本支出强度HASSWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | 0.9% | 5.1% | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 1.6% | 6.4% | ||
| Q1 25 | 1.6% | 4.0% | ||
| Q4 24 | 5.4% | 3.6% | ||
| Q3 24 | 3.8% | 8.1% | ||
| Q2 24 | 5.2% | 2.7% |
现金转化率HASSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 2.00× | 1.41× | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | — | 2.99× | ||
| Q1 25 | 1.40× | 5.96× | ||
| Q4 24 | — | 2.33× | ||
| Q3 24 | 1.00× | 7.87× | ||
| Q2 24 | 1.35× | 2.26× |
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% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
