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孩之宝（HAS）与施乐（XRX）财务数据对比。点击上方公司名可切换其他公司
施乐的季度营收约是孩之宝的1.4倍（$2.0B vs $1.4B），孩之宝同比增速更快（31.3% vs 25.7%），孩之宝自由现金流更多（$389.5M vs $192.0M），过去两年孩之宝的营收复合增速更高（38.2% vs 16.2%）
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。
施乐控股是源自美国的知名办公设备服务商，面向全球超160个国家提供打印机与数码文档相关产品及服务。1959年推出Xerox 914后，施乐成为静电复印市场的开创者，品牌名“xerox”甚至在英语中成为复印的代名词，公司总部现位于美国康涅狄格州诺沃克。
HAS vs XRX — 直观对比
营收规模更大
XRX
是对方的1.4倍
$1.4B
营收增速更快
HAS
高出5.5%
25.7%
自由现金流更多
HAS
多$197.5M
$192.0M
两年增速更快
HAS
近两年复合增速
16.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.0B |
| 净利润 | $201.6M | — |
| 毛利率 | 68.7% | — |
| 营业利润率 | 20.6% | — |
| 净利率 | 13.9% | — |
| 营收同比 | 31.3% | 25.7% |
| 净利润同比 | 687.8% | — |
| 每股收益（稀释后） | $1.46 | $-0.62 |
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HASXRX
| Q4 25 | $1.4B | $2.0B | ||
| Q3 25 | $1.4B | $2.0B | ||
| Q2 25 | $980.8M | $1.6B | ||
| Q1 25 | $887.1M | $1.5B | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $1.3B | $1.5B | ||
| Q2 24 | $995.3M | $1.6B | ||
| Q1 24 | $757.3M | $1.5B |
净利润HASXRX
| Q4 25 | $201.6M | — | ||
| Q3 25 | $233.2M | $-760.0M | ||
| Q2 25 | $-855.8M | $-106.0M | ||
| Q1 25 | $98.6M | $-90.0M | ||
| Q4 24 | $-34.3M | — | ||
| Q3 24 | $223.2M | $-1.2B | ||
| Q2 24 | $138.5M | $18.0M | ||
| Q1 24 | $58.2M | $-113.0M |
毛利率HASXRX
| Q4 25 | 68.7% | — | ||
| Q3 25 | 70.1% | — | ||
| Q2 25 | 77.0% | — | ||
| Q1 25 | 76.9% | — | ||
| Q4 24 | 67.4% | — | ||
| Q3 24 | 70.4% | — | ||
| Q2 24 | 76.1% | — | ||
| Q1 24 | 73.0% | — |
营业利润率HASXRX
| Q4 25 | 20.6% | — | ||
| Q3 25 | 24.6% | — | ||
| Q2 25 | -81.4% | — | ||
| Q1 25 | 19.2% | — | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 23.6% | — | ||
| Q2 24 | 21.3% | — | ||
| Q1 24 | 15.3% | — |
净利率HASXRX
| Q4 25 | 13.9% | — | ||
| Q3 25 | 16.8% | -38.8% | ||
| Q2 25 | -87.3% | -6.7% | ||
| Q1 25 | 11.1% | -6.2% | ||
| Q4 24 | -3.1% | — | ||
| Q3 24 | 17.4% | -78.9% | ||
| Q2 24 | 13.9% | 1.1% | ||
| Q1 24 | 7.7% | -7.5% |
每股收益（稀释后）HASXRX
| Q4 25 | $1.46 | $-0.62 | ||
| Q3 25 | $1.64 | $-6.01 | ||
| Q2 25 | $-6.10 | $-0.87 | ||
| Q1 25 | $0.70 | $-0.75 | ||
| Q4 24 | $-0.25 | $-0.21 | ||
| Q3 24 | $1.59 | $-9.71 | ||
| Q2 24 | $0.99 | $0.11 | ||
| Q1 24 | $0.42 | $-0.94 |
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 | — | $512.0M |
| 总债务越低越好 | — | $4.0B |
| 股东权益账面价值 | $565.5M | $444.0M |
| 总资产 | $5.6B | $9.8B |
| 负债/权益比越低杠杆越低 | — | 9.05× |
8季度趋势，按日历期对齐
现金及短期投资HASXRX
| Q4 25 | — | $512.0M | ||
| Q3 25 | — | $479.0M | ||
| Q2 25 | — | $449.0M | ||
| Q1 25 | — | $336.0M | ||
| Q4 24 | — | $576.0M | ||
| Q3 24 | — | $521.0M | ||
| Q2 24 | — | $485.0M | ||
| Q1 24 | — | $685.0M |
总债务HASXRX
| Q4 25 | — | $4.0B | ||
| Q3 25 | — | $4.1B | ||
| Q2 25 | — | $3.5B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $3.2B |
股东权益HASXRX
| Q4 25 | $565.5M | $444.0M | ||
| Q3 25 | $433.8M | $365.0M | ||
| Q2 25 | $269.7M | $1.1B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $1.2B | $2.4B | ||
| Q1 24 | $1.0B | $2.4B |
总资产HASXRX
| Q4 25 | $5.6B | $9.8B | ||
| Q3 25 | $5.5B | $10.1B | ||
| Q2 25 | $5.2B | $8.9B | ||
| Q1 25 | $6.0B | $8.2B | ||
| Q4 24 | $6.3B | $8.4B | ||
| Q3 24 | $7.2B | $8.3B | ||
| Q2 24 | $6.9B | $9.5B | ||
| Q1 24 | $6.2B | $9.9B |
负债/权益比HASXRX
| Q4 25 | — | 9.05× | ||
| Q3 25 | — | 11.10× | ||
| Q2 25 | — | 3.11× | ||
| Q1 25 | — | 2.56× | ||
| Q4 24 | — | 2.62× | ||
| Q3 24 | — | 2.11× | ||
| Q2 24 | — | 1.34× | ||
| Q1 24 | — | 1.35× |
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 | $208.0M |
| 自由现金流经营现金流 - 资本支出 | $389.5M | $192.0M |
| 自由现金流率自由现金流/营收 | 26.9% | 9.5% |
| 资本支出强度资本支出/营收 | 0.9% | 0.8% |
| 现金转化率经营现金流/净利润 | 2.00× | — |
| 过去12个月自由现金流最近4个季度 | $829.9M | $187.0M |
8季度趋势，按日历期对齐
经营现金流HASXRX
| Q4 25 | $403.2M | $208.0M | ||
| Q3 25 | $280.6M | $116.0M | ||
| Q2 25 | $71.3M | $-11.0M | ||
| Q1 25 | $138.1M | $-89.0M | ||
| Q4 24 | $259.8M | $351.0M | ||
| Q3 24 | $222.5M | $116.0M | ||
| Q2 24 | $187.3M | $123.0M | ||
| Q1 24 | $177.8M | $-79.0M |
自由现金流HASXRX
| Q4 25 | $389.5M | $192.0M | ||
| Q3 25 | $260.9M | $104.0M | ||
| Q2 25 | $55.2M | $-15.0M | ||
| Q1 25 | $124.3M | $-94.0M | ||
| Q4 24 | $200.8M | $346.0M | ||
| Q3 24 | $174.0M | $108.0M | ||
| Q2 24 | $135.4M | $117.0M | ||
| Q1 24 | $132.0M | $-87.0M |
自由现金流率HASXRX
| Q4 25 | 26.9% | 9.5% | ||
| Q3 25 | 18.8% | 5.3% | ||
| Q2 25 | 5.6% | -1.0% | ||
| Q1 25 | 14.0% | -6.5% | ||
| Q4 24 | 18.2% | 21.5% | ||
| Q3 24 | 13.6% | 7.1% | ||
| Q2 24 | 13.6% | 7.4% | ||
| Q1 24 | 17.4% | -5.8% |
资本支出强度HASXRX
| Q4 25 | 0.9% | 0.8% | ||
| Q3 25 | 1.4% | 0.6% | ||
| Q2 25 | 1.6% | 0.3% | ||
| Q1 25 | 1.6% | 0.3% | ||
| Q4 24 | 5.4% | 0.3% | ||
| Q3 24 | 3.8% | 0.5% | ||
| Q2 24 | 5.2% | 0.4% | ||
| Q1 24 | 6.0% | 0.5% |
现金转化率HASXRX
| Q4 25 | 2.00× | — | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.40× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.00× | — | ||
| Q2 24 | 1.35× | 6.83× | ||
| Q1 24 | 3.05× | — |
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% |
XRX
| Other | $596.0M | 29% |
| Manufactured Product Other | $485.0M | 24% |
| Supplies Paper And Other Sales | $483.0M | 24% |
| IT Solutions Segment | $155.0M | 8% |
| CA | $128.0M | 6% |
| IT Products | $100.0M | 5% |
| Rental And Other | $52.0M | 3% |
| Financial Service | $29.0M | 1% |
