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孩之宝（HAS）与Williams-Sonoma, Inc.（WSM）财务数据对比。点击上方公司名可切换其他公司
Williams-Sonoma, Inc.的季度营收约是孩之宝的1.3倍（$1.9B vs $1.4B），孩之宝净利率更高（13.9% vs 12.8%，领先1.1%），孩之宝同比增速更快（31.3% vs 4.6%），孩之宝自由现金流更多（$389.5M vs $248.1M），过去两年孩之宝的营收复合增速更高（38.2% vs -9.1%）
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。
Williams-Sonoma, Inc.是美国知名家居零售企业，1956年由查尔斯·E·威廉姆斯创立，主营高品质炊具、家居家电、家居软装等多元品类产品，在家居消费领域拥有广泛的用户基础与较高的市场认可度。
HAS vs WSM — 直观对比
营收规模更大
WSM
是对方的1.3倍
$1.4B
营收增速更快
HAS
高出26.7%
4.6%
净利率更高
HAS
高出1.1%
12.8%
自由现金流更多
HAS
多$141.4M
$248.1M
两年增速更快
HAS
近两年复合增速
-9.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.9B |
| 净利润 | $201.6M | $241.6M |
| 毛利率 | 68.7% | 46.1% |
| 营业利润率 | 20.6% | 17.0% |
| 净利率 | 13.9% | 12.8% |
| 营收同比 | 31.3% | 4.6% |
| 净利润同比 | 687.8% | -3.0% |
| 每股收益（稀释后） | $1.46 | $1.96 |
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HASWSM
| Q4 25 | $1.4B | $1.9B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $980.8M | $1.7B | ||
| Q1 25 | $887.1M | $2.5B | ||
| Q4 24 | $1.1B | $1.8B | ||
| Q3 24 | $1.3B | $1.8B | ||
| Q2 24 | $995.3M | $1.7B | ||
| Q1 24 | $757.3M | $2.3B |
净利润HASWSM
| Q4 25 | $201.6M | $241.6M | ||
| Q3 25 | $233.2M | $247.6M | ||
| Q2 25 | $-855.8M | $231.3M | ||
| Q1 25 | $98.6M | $384.9M | ||
| Q4 24 | $-34.3M | $249.0M | ||
| Q3 24 | $223.2M | $225.7M | ||
| Q2 24 | $138.5M | $265.7M | ||
| Q1 24 | $58.2M | $354.4M |
毛利率HASWSM
| Q4 25 | 68.7% | 46.1% | ||
| Q3 25 | 70.1% | 47.1% | ||
| Q2 25 | 77.0% | 44.3% | ||
| Q1 25 | 76.9% | 45.2% | ||
| Q4 24 | 67.4% | 46.7% | ||
| Q3 24 | 70.4% | 46.2% | ||
| Q2 24 | 76.1% | 48.3% | ||
| Q1 24 | 73.0% | 46.0% |
营业利润率HASWSM
| Q4 25 | 20.6% | 17.0% | ||
| Q3 25 | 24.6% | 17.9% | ||
| Q2 25 | -81.4% | 16.8% | ||
| Q1 25 | 19.2% | 20.1% | ||
| Q4 24 | 5.4% | 17.8% | ||
| Q3 24 | 23.6% | 16.2% | ||
| Q2 24 | 21.3% | 19.5% | ||
| Q1 24 | 15.3% | 20.1% |
净利率HASWSM
| Q4 25 | 13.9% | 12.8% | ||
| Q3 25 | 16.8% | 13.5% | ||
| Q2 25 | -87.3% | 13.4% | ||
| Q1 25 | 11.1% | 15.6% | ||
| Q4 24 | -3.1% | 13.8% | ||
| Q3 24 | 17.4% | 12.6% | ||
| Q2 24 | 13.9% | 16.0% | ||
| Q1 24 | 7.7% | 15.6% |
每股收益（稀释后）HASWSM
| Q4 25 | $1.46 | $1.96 | ||
| Q3 25 | $1.64 | $2.00 | ||
| Q2 25 | $-6.10 | $1.85 | ||
| Q1 25 | $0.70 | $1.02 | ||
| Q4 24 | $-0.25 | $1.96 | ||
| Q3 24 | $1.59 | $1.74 | ||
| Q2 24 | $0.99 | $4.07 | ||
| Q1 24 | $0.42 | $5.42 |
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 | — | $884.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $565.5M | $2.1B |
| 总资产 | $5.6B | $5.3B |
| 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HASWSM
| Q4 25 | — | $884.7M | ||
| Q3 25 | — | $985.8M | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $826.8M | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.3B |
股东权益HASWSM
| Q4 25 | $565.5M | $2.1B | ||
| Q3 25 | $433.8M | $2.1B | ||
| Q2 25 | $269.7M | $2.2B | ||
| Q1 25 | $1.2B | $2.1B | ||
| Q4 24 | $1.2B | $1.9B | ||
| Q3 24 | $1.3B | $2.3B | ||
| Q2 24 | $1.2B | $2.2B | ||
| Q1 24 | $1.0B | $2.1B |
总资产HASWSM
| Q4 25 | $5.6B | $5.3B | ||
| Q3 25 | $5.5B | $5.2B | ||
| Q2 25 | $5.2B | $5.2B | ||
| Q1 25 | $6.0B | $5.3B | ||
| Q4 24 | $6.3B | $5.0B | ||
| Q3 24 | $7.2B | $5.2B | ||
| Q2 24 | $6.9B | $5.2B | ||
| Q1 24 | $6.2B | $5.3B |
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 | $316.3M |
| 自由现金流经营现金流 - 资本支出 | $389.5M | $248.1M |
| 自由现金流率自由现金流/营收 | 26.9% | 13.2% |
| 资本支出强度资本支出/营收 | 0.9% | 3.6% |
| 现金转化率经营现金流/净利润 | 2.00× | 1.31× |
| 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HASWSM
| Q4 25 | $403.2M | $316.3M | ||
| Q3 25 | $280.6M | $282.7M | ||
| Q2 25 | $71.3M | $118.9M | ||
| Q1 25 | $138.1M | $633.5M | ||
| Q4 24 | $259.8M | $253.5M | ||
| Q3 24 | $222.5M | $246.5M | ||
| Q2 24 | $187.3M | $226.8M | ||
| Q1 24 | $177.8M | $674.9M |
自由现金流HASWSM
| Q4 25 | $389.5M | $248.1M | ||
| Q3 25 | $260.9M | $230.7M | ||
| Q2 25 | $55.2M | $60.7M | ||
| Q1 25 | $124.3M | $566.3M | ||
| Q4 24 | $200.8M | $170.1M | ||
| Q3 24 | $174.0M | $215.1M | ||
| Q2 24 | $135.4M | $187.3M | ||
| Q1 24 | $132.0M | $621.2M |
自由现金流率HASWSM
| Q4 25 | 26.9% | 13.2% | ||
| Q3 25 | 18.8% | 12.6% | ||
| Q2 25 | 5.6% | 3.5% | ||
| Q1 25 | 14.0% | 23.0% | ||
| Q4 24 | 18.2% | 9.4% | ||
| Q3 24 | 13.6% | 12.0% | ||
| Q2 24 | 13.6% | 11.3% | ||
| Q1 24 | 17.4% | 27.3% |
资本支出强度HASWSM
| Q4 25 | 0.9% | 3.6% | ||
| Q3 25 | 1.4% | 2.8% | ||
| Q2 25 | 1.6% | 3.4% | ||
| Q1 25 | 1.6% | 2.7% | ||
| Q4 24 | 5.4% | 4.6% | ||
| Q3 24 | 3.8% | 1.8% | ||
| Q2 24 | 5.2% | 2.4% | ||
| Q1 24 | 6.0% | 2.4% |
现金转化率HASWSM
| Q4 25 | 2.00× | 1.31× | ||
| Q3 25 | 1.20× | 1.14× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | 1.40× | 1.65× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | 1.00× | 1.09× | ||
| Q2 24 | 1.35× | 0.85× | ||
| Q1 24 | 3.05× | 1.90× |
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% |
WSM
暂无分部数据
