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孩之宝（HAS）与TUTOR PERINI CORP（TPC）财务数据对比。点击上方公司名可切换其他公司
TUTOR PERINI CORP的季度营收约是孩之宝的1.0倍（$1.5B vs $1.4B），孩之宝净利率更高（13.9% vs 1.9%，领先12.0%），TUTOR PERINI CORP同比增速更快（41.2% vs 31.3%），孩之宝自由现金流更多（$389.5M vs $98.7M），过去两年孩之宝的营收复合增速更高（38.2% vs 19.9%）
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。
Tutor Perini集团是美国顶尖的大型总承包商之一，2008年由Perini公司与Tutor-Saliba公司合并成立，总部位于加利福尼亚州西尔马。公司业务覆盖北美全境，2024年营收约43.3亿美元，核心业务涵盖桥梁、公路、隧道、机场、公共交通系统等民用基建项目，同时也涉足建筑工程领域。
HAS vs TPC — 直观对比
营收规模更大
TPC
是对方的1.0倍
$1.4B
营收增速更快
TPC
高出9.9%
31.3%
净利率更高
HAS
高出12.0%
1.9%
自由现金流更多
HAS
多$290.8M
$98.7M
两年增速更快
HAS
近两年复合增速
19.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.5B |
| 净利润 | $201.6M | $28.8M |
| 毛利率 | 68.7% | 9.8% |
| 营业利润率 | 20.6% | 3.3% |
| 净利率 | 13.9% | 1.9% |
| 营收同比 | 31.3% | 41.2% |
| 净利润同比 | 687.8% | 136.3% |
| 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HASTPC
| Q4 25 | $1.4B | $1.5B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $980.8M | $1.4B | ||
| Q1 25 | $887.1M | $1.2B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $995.3M | $1.1B | ||
| Q1 24 | $757.3M | $1.0B |
净利润HASTPC
| Q4 25 | $201.6M | $28.8M | ||
| Q3 25 | $233.2M | $3.6M | ||
| Q2 25 | $-855.8M | $20.0M | ||
| Q1 25 | $98.6M | $28.0M | ||
| Q4 24 | $-34.3M | $-79.4M | ||
| Q3 24 | $223.2M | $-100.9M | ||
| Q2 24 | $138.5M | $812.0K | ||
| Q1 24 | $58.2M | $15.8M |
毛利率HASTPC
| Q4 25 | 68.7% | 9.8% | ||
| Q3 25 | 70.1% | 12.0% | ||
| Q2 25 | 77.0% | 14.3% | ||
| Q1 25 | 76.9% | 10.8% | ||
| Q4 24 | 67.4% | -0.9% | ||
| Q3 24 | 70.4% | -2.4% | ||
| Q2 24 | 76.1% | 10.4% | ||
| Q1 24 | 73.0% | 11.0% |
营业利润率HASTPC
| Q4 25 | 20.6% | 3.3% | ||
| Q3 25 | 24.6% | 2.8% | ||
| Q2 25 | -81.4% | 5.6% | ||
| Q1 25 | 19.2% | 5.2% | ||
| Q4 24 | 5.4% | -8.1% | ||
| Q3 24 | 23.6% | -9.9% | ||
| Q2 24 | 21.3% | 3.6% | ||
| Q1 24 | 15.3% | 4.7% |
净利率HASTPC
| Q4 25 | 13.9% | 1.9% | ||
| Q3 25 | 16.8% | 0.3% | ||
| Q2 25 | -87.3% | 1.5% | ||
| Q1 25 | 11.1% | 2.2% | ||
| Q4 24 | -3.1% | -7.4% | ||
| Q3 24 | 17.4% | -9.3% | ||
| Q2 24 | 13.9% | 0.1% | ||
| Q1 24 | 7.7% | 1.5% |
每股收益（稀释后）HASTPC
| Q4 25 | $1.46 | $0.53 | ||
| Q3 25 | $1.64 | $0.07 | ||
| Q2 25 | $-6.10 | $0.38 | ||
| Q1 25 | $0.70 | $0.53 | ||
| Q4 24 | $-0.25 | $-1.53 | ||
| Q3 24 | $1.59 | $-1.92 | ||
| Q2 24 | $0.99 | $0.02 | ||
| Q1 24 | $0.42 | $0.30 |
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 | — | $734.6M |
| 总债务越低越好 | — | $407.4M |
| 股东权益账面价值 | $565.5M | $1.2B |
| 总资产 | $5.6B | $5.2B |
| 负债/权益比越低杠杆越低 | — | 0.33× |
8季度趋势，按日历期对齐
现金及短期投资HASTPC
| Q4 25 | — | $734.6M | ||
| Q3 25 | — | $695.7M | ||
| Q2 25 | — | $526.1M | ||
| Q1 25 | — | $276.5M | ||
| Q4 24 | — | $455.1M | ||
| Q3 24 | — | $287.4M | ||
| Q2 24 | — | $267.1M | ||
| Q1 24 | — | $358.3M |
总债务HASTPC
| Q4 25 | — | $407.4M | ||
| Q3 25 | — | $413.1M | ||
| Q2 25 | — | $419.4M | ||
| Q1 25 | — | $405.6M | ||
| Q4 24 | — | $534.1M | ||
| Q3 24 | — | $681.4M | ||
| Q2 24 | — | $676.4M | ||
| Q1 24 | — | $801.2M |
股东权益HASTPC
| Q4 25 | $565.5M | $1.2B | ||
| Q3 25 | $433.8M | $1.2B | ||
| Q2 25 | $269.7M | $1.2B | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.2B | $1.3B | ||
| Q1 24 | $1.0B | $1.3B |
总资产HASTPC
| Q4 25 | $5.6B | $5.2B | ||
| Q3 25 | $5.5B | $5.2B | ||
| Q2 25 | $5.2B | $4.9B | ||
| Q1 25 | $6.0B | $4.5B | ||
| Q4 24 | $6.3B | $4.2B | ||
| Q3 24 | $7.2B | $4.4B | ||
| Q2 24 | $6.9B | $4.3B | ||
| Q1 24 | $6.2B | $4.4B |
负债/权益比HASTPC
| Q4 25 | — | 0.33× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.56× | ||
| Q2 24 | — | 0.52× | ||
| Q1 24 | — | 0.61× |
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 | $173.7M |
| 自由现金流经营现金流 - 资本支出 | $389.5M | $98.7M |
| 自由现金流率自由现金流/营收 | 26.9% | 6.5% |
| 资本支出强度资本支出/营收 | 0.9% | 5.0% |
| 现金转化率经营现金流/净利润 | 2.00× | 6.02× |
| 过去12个月自由现金流最近4个季度 | $829.9M | $567.2M |
8季度趋势，按日历期对齐
经营现金流HASTPC
| Q4 25 | $403.2M | $173.7M | ||
| Q3 25 | $280.6M | $289.1M | ||
| Q2 25 | $71.3M | $262.4M | ||
| Q1 25 | $138.1M | $22.9M | ||
| Q4 24 | $259.8M | $329.6M | ||
| Q3 24 | $222.5M | $22.6M | ||
| Q2 24 | $187.3M | $53.1M | ||
| Q1 24 | $177.8M | $98.3M |
自由现金流HASTPC
| Q4 25 | $389.5M | $98.7M | ||
| Q3 25 | $260.9M | $240.2M | ||
| Q2 25 | $55.2M | $235.6M | ||
| Q1 25 | $124.3M | $-7.2M | ||
| Q4 24 | $200.8M | $320.4M | ||
| Q3 24 | $174.0M | $15.6M | ||
| Q2 24 | $135.4M | $42.2M | ||
| Q1 24 | $132.0M | $87.8M |
自由现金流率HASTPC
| Q4 25 | 26.9% | 6.5% | ||
| Q3 25 | 18.8% | 17.0% | ||
| Q2 25 | 5.6% | 17.1% | ||
| Q1 25 | 14.0% | -0.6% | ||
| Q4 24 | 18.2% | 30.0% | ||
| Q3 24 | 13.6% | 1.4% | ||
| Q2 24 | 13.6% | 3.7% | ||
| Q1 24 | 17.4% | 8.4% |
资本支出强度HASTPC
| Q4 25 | 0.9% | 5.0% | ||
| Q3 25 | 1.4% | 3.5% | ||
| Q2 25 | 1.6% | 2.0% | ||
| Q1 25 | 1.6% | 2.4% | ||
| Q4 24 | 5.4% | 0.9% | ||
| Q3 24 | 3.8% | 0.6% | ||
| Q2 24 | 5.2% | 1.0% | ||
| Q1 24 | 6.0% | 1.0% |
现金转化率HASTPC
| Q4 25 | 2.00× | 6.02× | ||
| Q3 25 | 1.20× | 79.63× | ||
| Q2 25 | — | 13.14× | ||
| Q1 25 | 1.40× | 0.82× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.00× | — | ||
| Q2 24 | 1.35× | 65.44× | ||
| Q1 24 | 3.05× | 6.24× |
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% |
TPC
| State And Local Agencies | $591.1M | 39% |
| Mass Transit | $449.9M | 30% |
| Federal Agencies | $115.0M | 8% |
| Bridges | $100.5M | 7% |
| Military Facilities | $93.1M | 6% |
| Commercial And Industrial Facilities | $46.7M | 3% |
| Detention Facilities | $43.8M | 3% |
| Power And Energy | $35.8M | 2% |
| Multi Unit Residential | $25.9M | 2% |
| Education Facilities | $12.0M | 1% |
| Water | $3.6M | 0% |
