vs
孩之宝（HAS）与Worthington Steel, Inc.（WS）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Worthington Steel, Inc.的1.7倍（$1.4B vs $871.9M），孩之宝净利率更高（13.9% vs 2.2%，领先11.8%），孩之宝同比增速更快（31.3% vs 18.0%），孩之宝自由现金流更多（$389.5M vs $74.6M），过去两年孩之宝的营收复合增速更高（38.2% vs 3.9%）
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。
沃辛顿钢铁是总部位于美国俄亥俄州哥伦布市的工业制造企业，下设消费品和建筑建材两大业务板块，主营各类压力容器的设计与生产，覆盖丙烷、氧气、氦气储罐，制冷剂及工业气瓶，露营与民用气瓶，以及用于存储、处理、加热、扩容和流量控制的供水系统罐体等产品。
HAS vs WS — 直观对比
营收规模更大
HAS
是对方的1.7倍
$871.9M
营收增速更快
HAS
高出13.3%
18.0%
净利率更高
HAS
高出11.8%
2.2%
自由现金流更多
HAS
多$314.9M
$74.6M
两年增速更快
HAS
近两年复合增速
3.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $871.9M |
| 净利润 | $201.6M | $18.8M |
| 毛利率 | 68.7% | 10.7% |
| 营业利润率 | 20.6% | 2.5% |
| 净利率 | 13.9% | 2.2% |
| 营收同比 | 31.3% | 18.0% |
| 净利润同比 | 687.8% | 46.9% |
| 每股收益（稀释后） | $1.46 | $0.37 |
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HASWS
| Q4 25 | $1.4B | $871.9M | ||
| Q3 25 | $1.4B | $872.9M | ||
| Q2 25 | $980.8M | $832.9M | ||
| Q1 25 | $887.1M | $687.4M | ||
| Q4 24 | $1.1B | $739.0M | ||
| Q3 24 | $1.3B | $834.0M | ||
| Q2 24 | $995.3M | — | ||
| Q1 24 | $757.3M | $805.8M |
净利润HASWS
| Q4 25 | $201.6M | $18.8M | ||
| Q3 25 | $233.2M | $36.8M | ||
| Q2 25 | $-855.8M | $55.7M | ||
| Q1 25 | $98.6M | $13.8M | ||
| Q4 24 | $-34.3M | $12.8M | ||
| Q3 24 | $223.2M | $28.4M | ||
| Q2 24 | $138.5M | — | ||
| Q1 24 | $58.2M | $49.0M |
毛利率HASWS
| Q4 25 | 68.7% | 10.7% | ||
| Q3 25 | 70.1% | 13.2% | ||
| Q2 25 | 77.0% | 15.2% | ||
| Q1 25 | 76.9% | 11.8% | ||
| Q4 24 | 67.4% | 10.8% | ||
| Q3 24 | 70.4% | 12.0% | ||
| Q2 24 | 76.1% | — | ||
| Q1 24 | 73.0% | 14.9% |
营业利润率HASWS
| Q4 25 | 20.6% | 2.5% | ||
| Q3 25 | 24.6% | 5.5% | ||
| Q2 25 | -81.4% | 8.0% | ||
| Q1 25 | 19.2% | 2.7% | ||
| Q4 24 | 5.4% | 2.6% | ||
| Q3 24 | 23.6% | 5.2% | ||
| Q2 24 | 21.3% | — | ||
| Q1 24 | 15.3% | 8.2% |
净利率HASWS
| Q4 25 | 13.9% | 2.2% | ||
| Q3 25 | 16.8% | 4.2% | ||
| Q2 25 | -87.3% | 6.7% | ||
| Q1 25 | 11.1% | 2.0% | ||
| Q4 24 | -3.1% | 1.7% | ||
| Q3 24 | 17.4% | 3.4% | ||
| Q2 24 | 13.9% | — | ||
| Q1 24 | 7.7% | 6.1% |
每股收益（稀释后）HASWS
| Q4 25 | $1.46 | $0.37 | ||
| Q3 25 | $1.64 | $0.72 | ||
| Q2 25 | $-6.10 | $1.11 | ||
| Q1 25 | $0.70 | $0.27 | ||
| Q4 24 | $-0.25 | $0.25 | ||
| Q3 24 | $1.59 | $0.56 | ||
| Q2 24 | $0.99 | — | ||
| Q1 24 | $0.42 | $0.98 |
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 | — | $89.8M |
| 总债务越低越好 | — | $72.1M |
| 股东权益账面价值 | $565.5M | $1.1B |
| 总资产 | $5.6B | $2.1B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资HASWS
| Q4 25 | — | $89.8M | ||
| Q3 25 | — | $78.3M | ||
| Q2 25 | — | $38.0M | ||
| Q1 25 | — | $63.3M | ||
| Q4 24 | — | $52.0M | ||
| Q3 24 | — | $36.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $60.8M |
总债务HASWS
| Q4 25 | — | $72.1M | ||
| Q3 25 | — | $73.4M | ||
| Q2 25 | — | $151.5M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $115.0M | ||
| Q3 24 | — | $122.2M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $147.2M |
股东权益HASWS
| Q4 25 | $565.5M | $1.1B | ||
| Q3 25 | $433.8M | $1.1B | ||
| Q2 25 | $269.7M | $1.1B | ||
| Q1 25 | $1.2B | $1.0B | ||
| Q4 24 | $1.2B | $1.0B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.0B | $937.6M |
总资产HASWS
| Q4 25 | $5.6B | $2.1B | ||
| Q3 25 | $5.5B | $2.2B | ||
| Q2 25 | $5.2B | $2.0B | ||
| Q1 25 | $6.0B | $1.8B | ||
| Q4 24 | $6.3B | $1.7B | ||
| Q3 24 | $7.2B | $1.8B | ||
| Q2 24 | $6.9B | — | ||
| Q1 24 | $6.2B | $1.8B |
负债/权益比HASWS
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | — | ||
| Q1 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 | $99.3M |
| 自由现金流经营现金流 - 资本支出 | $389.5M | $74.6M |
| 自由现金流率自由现金流/营收 | 26.9% | 8.6% |
| 资本支出强度资本支出/营收 | 0.9% | 2.8% |
| 现金转化率经营现金流/净利润 | 2.00× | 5.28× |
| 过去12个月自由现金流最近4个季度 | $829.9M | $72.5M |
8季度趋势，按日历期对齐
经营现金流HASWS
| Q4 25 | $403.2M | $99.3M | ||
| Q3 25 | $280.6M | $-6.3M | ||
| Q2 25 | $71.3M | $53.9M | ||
| Q1 25 | $138.1M | $53.8M | ||
| Q4 24 | $259.8M | $68.0M | ||
| Q3 24 | $222.5M | $54.6M | ||
| Q2 24 | $187.3M | — | ||
| Q1 24 | $177.8M | $44.7M |
自由现金流HASWS
| Q4 25 | $389.5M | $74.6M | ||
| Q3 25 | $260.9M | $-35.7M | ||
| Q2 25 | $55.2M | $8.4M | ||
| Q1 25 | $124.3M | $25.2M | ||
| Q4 24 | $200.8M | $33.2M | ||
| Q3 24 | $174.0M | $33.1M | ||
| Q2 24 | $135.4M | — | ||
| Q1 24 | $132.0M | $22.3M |
自由现金流率HASWS
| Q4 25 | 26.9% | 8.6% | ||
| Q3 25 | 18.8% | -4.1% | ||
| Q2 25 | 5.6% | 1.0% | ||
| Q1 25 | 14.0% | 3.7% | ||
| Q4 24 | 18.2% | 4.5% | ||
| Q3 24 | 13.6% | 4.0% | ||
| Q2 24 | 13.6% | — | ||
| Q1 24 | 17.4% | 2.8% |
资本支出强度HASWS
| Q4 25 | 0.9% | 2.8% | ||
| Q3 25 | 1.4% | 3.4% | ||
| Q2 25 | 1.6% | 5.5% | ||
| Q1 25 | 1.6% | 4.2% | ||
| Q4 24 | 5.4% | 4.7% | ||
| Q3 24 | 3.8% | 2.6% | ||
| Q2 24 | 5.2% | — | ||
| Q1 24 | 6.0% | 2.8% |
现金转化率HASWS
| Q4 25 | 2.00× | 5.28× | ||
| Q3 25 | 1.20× | -0.17× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | 1.40× | 3.90× | ||
| Q4 24 | — | 5.31× | ||
| Q3 24 | 1.00× | 1.92× | ||
| Q2 24 | 1.35× | — | ||
| Q1 24 | 3.05× | 0.91× |
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% |
WS
| Direct | $844.1M | 97% |
| Toll | $27.8M | 3% |
