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孩之宝（HAS）与TEREX CORP（TEX）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TEREX CORP的1.1倍（$1.4B vs $1.3B），孩之宝净利率更高（13.9% vs 4.8%，领先9.2%），孩之宝同比增速更快（31.3% vs 6.2%），孩之宝自由现金流更多（$389.5M vs $171.0M），过去两年孩之宝的营收复合增速更高（38.2% vs 1.0%）
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。
特雷克斯公司是美国知名的设备制造企业，业务遍布美洲、欧洲、澳大利亚及亚太地区，主营物料加工机械、废弃物回收处理设备、移动式高空作业平台，以及电力行业专用设备，为全球多领域客户提供专业解决方案。
HAS vs TEX — 直观对比
营收规模更大
HAS
是对方的1.1倍
$1.3B
营收增速更快
HAS
高出25.0%
6.2%
净利率更高
HAS
高出9.2%
4.8%
自由现金流更多
HAS
多$218.5M
$171.0M
两年增速更快
HAS
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.3B |
| 净利润 | $201.6M | $63.0M |
| 毛利率 | 68.7% | 18.8% |
| 营业利润率 | 20.6% | 10.4% |
| 净利率 | 13.9% | 4.8% |
| 营收同比 | 31.3% | 6.2% |
| 净利润同比 | 687.8% | 2963.6% |
| 每股收益（稀释后） | $1.46 | $0.95 |
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HASTEX
| Q4 25 | $1.4B | $1.3B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $980.8M | $1.5B | ||
| Q1 25 | $887.1M | $1.2B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $995.3M | $1.4B | ||
| Q1 24 | $757.3M | $1.3B |
净利润HASTEX
| Q4 25 | $201.6M | $63.0M | ||
| Q3 25 | $233.2M | $65.0M | ||
| Q2 25 | $-855.8M | $72.0M | ||
| Q1 25 | $98.6M | $21.0M | ||
| Q4 24 | $-34.3M | $-2.2M | ||
| Q3 24 | $223.2M | $88.0M | ||
| Q2 24 | $138.5M | $140.7M | ||
| Q1 24 | $58.2M | $108.5M |
毛利率HASTEX
| Q4 25 | 68.7% | 18.8% | ||
| Q3 25 | 70.1% | 20.3% | ||
| Q2 25 | 77.0% | 19.6% | ||
| Q1 25 | 76.9% | 18.7% | ||
| Q4 24 | 67.4% | 15.9% | ||
| Q3 24 | 70.4% | 20.2% | ||
| Q2 24 | 76.1% | 23.8% | ||
| Q1 24 | 73.0% | 23.0% |
营业利润率HASTEX
| Q4 25 | 20.6% | 10.4% | ||
| Q3 25 | 24.6% | 10.1% | ||
| Q2 25 | -81.4% | 8.7% | ||
| Q1 25 | 19.2% | 5.6% | ||
| Q4 24 | 5.4% | 4.2% | ||
| Q3 24 | 23.6% | 10.1% | ||
| Q2 24 | 21.3% | 14.0% | ||
| Q1 24 | 15.3% | 12.2% |
净利率HASTEX
| Q4 25 | 13.9% | 4.8% | ||
| Q3 25 | 16.8% | 4.7% | ||
| Q2 25 | -87.3% | 4.8% | ||
| Q1 25 | 11.1% | 1.7% | ||
| Q4 24 | -3.1% | -0.2% | ||
| Q3 24 | 17.4% | 7.3% | ||
| Q2 24 | 13.9% | 10.2% | ||
| Q1 24 | 7.7% | 8.4% |
每股收益（稀释后）HASTEX
| Q4 25 | $1.46 | $0.95 | ||
| Q3 25 | $1.64 | $0.98 | ||
| Q2 25 | $-6.10 | $1.09 | ||
| Q1 25 | $0.70 | $0.31 | ||
| Q4 24 | $-0.25 | $-0.03 | ||
| Q3 24 | $1.59 | $1.31 | ||
| Q2 24 | $0.99 | $2.08 | ||
| Q1 24 | $0.42 | $1.60 |
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 | — | $772.0M |
| 总债务越低越好 | — | $2.6B |
| 股东权益账面价值 | $565.5M | $2.1B |
| 总资产 | $5.6B | $6.1B |
| 负债/权益比越低杠杆越低 | — | 1.23× |
8季度趋势，按日历期对齐
现金及短期投资HASTEX
| Q4 25 | — | $772.0M | ||
| Q3 25 | — | $509.0M | ||
| Q2 25 | — | $374.0M | ||
| Q1 25 | — | $298.0M | ||
| Q4 24 | — | $388.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $319.3M | ||
| Q1 24 | — | $364.9M |
总债务HASTEX
| Q4 25 | — | $2.6B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HASTEX
| Q4 25 | $565.5M | $2.1B | ||
| Q3 25 | $433.8M | $2.0B | ||
| Q2 25 | $269.7M | $2.0B | ||
| Q1 25 | $1.2B | $1.8B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $1.3B | $2.0B | ||
| Q2 24 | $1.2B | $1.8B | ||
| Q1 24 | $1.0B | $1.7B |
总资产HASTEX
| Q4 25 | $5.6B | $6.1B | ||
| Q3 25 | $5.5B | $6.2B | ||
| Q2 25 | $5.2B | $6.2B | ||
| Q1 25 | $6.0B | $5.8B | ||
| Q4 24 | $6.3B | $5.7B | ||
| Q3 24 | $7.2B | $3.8B | ||
| Q2 24 | $6.9B | $3.8B | ||
| Q1 24 | $6.2B | $3.8B |
负债/权益比HASTEX
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $205.0M |
| 自由现金流经营现金流 - 资本支出 | $389.5M | $171.0M |
| 自由现金流率自由现金流/营收 | 26.9% | 13.0% |
| 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× | 3.25× |
| 过去12个月自由现金流最近4个季度 | $829.9M | $322.0M |
8季度趋势，按日历期对齐
经营现金流HASTEX
| Q4 25 | $403.2M | $205.0M | ||
| Q3 25 | $280.6M | $154.0M | ||
| Q2 25 | $71.3M | $102.0M | ||
| Q1 25 | $138.1M | $-21.0M | ||
| Q4 24 | $259.8M | $177.0M | ||
| Q3 24 | $222.5M | $116.4M | ||
| Q2 24 | $187.3M | $66.5M | ||
| Q1 24 | $177.8M | $-33.9M |
自由现金流HASTEX
| Q4 25 | $389.5M | $171.0M | ||
| Q3 25 | $260.9M | $130.0M | ||
| Q2 25 | $55.2M | $78.0M | ||
| Q1 25 | $124.3M | $-57.0M | ||
| Q4 24 | $200.8M | $128.0M | ||
| Q3 24 | $174.0M | $87.4M | ||
| Q2 24 | $135.4M | $42.5M | ||
| Q1 24 | $132.0M | $-68.9M |
自由现金流率HASTEX
| Q4 25 | 26.9% | 13.0% | ||
| Q3 25 | 18.8% | 9.4% | ||
| Q2 25 | 5.6% | 5.2% | ||
| Q1 25 | 14.0% | -4.6% | ||
| Q4 24 | 18.2% | 10.3% | ||
| Q3 24 | 13.6% | 7.2% | ||
| Q2 24 | 13.6% | 3.1% | ||
| Q1 24 | 17.4% | -5.3% |
资本支出强度HASTEX
| Q4 25 | 0.9% | 2.6% | ||
| Q3 25 | 1.4% | 1.7% | ||
| Q2 25 | 1.6% | 1.6% | ||
| Q1 25 | 1.6% | 2.9% | ||
| Q4 24 | 5.4% | 3.9% | ||
| Q3 24 | 3.8% | 2.4% | ||
| Q2 24 | 5.2% | 1.7% | ||
| Q1 24 | 6.0% | 2.7% |
现金转化率HASTEX
| Q4 25 | 2.00× | 3.25× | ||
| Q3 25 | 1.20× | 2.37× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | 1.40× | -1.00× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.00× | 1.32× | ||
| Q2 24 | 1.35× | 0.47× | ||
| Q1 24 | 3.05× | -0.31× |
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% |
TEX
| Aerials Segment | $466.0M | 35% |
| Materials Processing Segment | $428.0M | 32% |
| Materials Processing Equipment | $279.0M | 21% |
| Specialty Equipment | $148.0M | 11% |
