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孩之宝（HAS）与捷迈邦美（ZBH）财务数据对比。点击上方公司名可切换其他公司
捷迈邦美的季度营收约是孩之宝的1.4倍（$2.1B vs $1.4B），孩之宝净利率更高（13.9% vs 11.4%，领先2.5%），孩之宝同比增速更快（31.3% vs 9.3%），孩之宝自由现金流更多（$389.5M vs $245.9M），过去两年孩之宝的营收复合增速更高（38.2% vs 3.7%）
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。
捷迈邦美是一家美国上市的医疗设备企业，1927年成立，最初以生产铝制夹板为核心业务，总部设于印第安纳州华沙市，是当地医疗设备产业集群的核心成员，在全球骨科医疗器械领域拥有较高知名度。
HAS vs ZBH — 直观对比
营收规模更大
ZBH
是对方的1.4倍
$1.4B
营收增速更快
HAS
高出22.0%
9.3%
净利率更高
HAS
高出2.5%
11.4%
自由现金流更多
HAS
多$143.6M
$245.9M
两年增速更快
HAS
近两年复合增速
3.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.1B |
| 净利润 | $201.6M | $238.3M |
| 毛利率 | 68.7% | 64.6% |
| 营业利润率 | 20.6% | 17.9% |
| 净利率 | 13.9% | 11.4% |
| 营收同比 | 31.3% | 9.3% |
| 净利润同比 | 687.8% | 30.5% |
| 每股收益（稀释后） | $1.46 | $1.22 |
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HASZBH
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.4B | $2.2B | ||
| Q3 25 | $1.4B | $2.0B | ||
| Q2 25 | $980.8M | $2.1B | ||
| Q1 25 | $887.1M | $1.9B | ||
| Q4 24 | $1.1B | $2.0B | ||
| Q3 24 | $1.3B | $1.8B | ||
| Q2 24 | $995.3M | $1.9B |
净利润HASZBH
| Q1 26 | — | $238.3M | ||
| Q4 25 | $201.6M | $139.4M | ||
| Q3 25 | $233.2M | $230.9M | ||
| Q2 25 | $-855.8M | $152.8M | ||
| Q1 25 | $98.6M | $182.0M | ||
| Q4 24 | $-34.3M | $239.5M | ||
| Q3 24 | $223.2M | $249.1M | ||
| Q2 24 | $138.5M | $242.8M |
毛利率HASZBH
| Q1 26 | — | 64.6% | ||
| Q4 25 | 68.7% | 64.7% | ||
| Q3 25 | 70.1% | 72.1% | ||
| Q2 25 | 77.0% | 71.5% | ||
| Q1 25 | 76.9% | 71.2% | ||
| Q4 24 | 67.4% | 71.0% | ||
| Q3 24 | 70.4% | 70.5% | ||
| Q2 24 | 76.1% | 71.5% |
营业利润率HASZBH
| Q1 26 | — | 17.9% | ||
| Q4 25 | 20.6% | 6.9% | ||
| Q3 25 | 24.6% | 17.6% | ||
| Q2 25 | -81.4% | 14.4% | ||
| Q1 25 | 19.2% | 15.3% | ||
| Q4 24 | 5.4% | 19.2% | ||
| Q3 24 | 23.6% | 15.3% | ||
| Q2 24 | 21.3% | 18.1% |
净利率HASZBH
| Q1 26 | — | 11.4% | ||
| Q4 25 | 13.9% | 6.2% | ||
| Q3 25 | 16.8% | 11.5% | ||
| Q2 25 | -87.3% | 7.4% | ||
| Q1 25 | 11.1% | 9.5% | ||
| Q4 24 | -3.1% | 11.8% | ||
| Q3 24 | 17.4% | 13.7% | ||
| Q2 24 | 13.9% | 12.5% |
每股收益（稀释后）HASZBH
| Q1 26 | — | $1.22 | ||
| Q4 25 | $1.46 | $0.71 | ||
| Q3 25 | $1.64 | $1.16 | ||
| Q2 25 | $-6.10 | $0.77 | ||
| Q1 25 | $0.70 | $0.91 | ||
| Q4 24 | $-0.25 | $1.18 | ||
| Q3 24 | $1.59 | $1.23 | ||
| Q2 24 | $0.99 | $1.18 |
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 | — | $424.2M |
| 总债务越低越好 | — | $7.5B |
| 股东权益账面价值 | $565.5M | $12.7B |
| 总资产 | $5.6B | $22.7B |
| 负债/权益比越低杠杆越低 | — | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资HASZBH
| Q1 26 | — | $424.2M | ||
| Q4 25 | — | $591.9M | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $556.9M | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $525.5M | ||
| Q3 24 | — | $569.0M | ||
| Q2 24 | — | $420.1M |
总债务HASZBH
| Q1 26 | — | $7.5B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益HASZBH
| Q1 26 | — | $12.7B | ||
| Q4 25 | $565.5M | $12.7B | ||
| Q3 25 | $433.8M | $12.8B | ||
| Q2 25 | $269.7M | $12.5B | ||
| Q1 25 | $1.2B | $12.4B | ||
| Q4 24 | $1.2B | $12.5B | ||
| Q3 24 | $1.3B | $12.4B | ||
| Q2 24 | $1.2B | $12.7B |
总资产HASZBH
| Q1 26 | — | $22.7B | ||
| Q4 25 | $5.6B | $23.1B | ||
| Q3 25 | $5.5B | $23.5B | ||
| Q2 25 | $5.2B | $22.9B | ||
| Q1 25 | $6.0B | $22.2B | ||
| Q4 24 | $6.3B | $21.4B | ||
| Q3 24 | $7.2B | $21.7B | ||
| Q2 24 | $6.9B | $21.5B |
负债/权益比HASZBH
| Q1 26 | — | 0.59× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $359.4M |
| 自由现金流经营现金流 - 资本支出 | $389.5M | $245.9M |
| 自由现金流率自由现金流/营收 | 26.9% | 11.8% |
| 资本支出强度资本支出/营收 | 0.9% | — |
| 现金转化率经营现金流/净利润 | 2.00× | 1.51× |
| 过去12个月自由现金流最近4个季度 | $829.9M | $1.4B |
8季度趋势，按日历期对齐
经营现金流HASZBH
| Q1 26 | — | $359.4M | ||
| Q4 25 | $403.2M | $517.4M | ||
| Q3 25 | $280.6M | $418.7M | ||
| Q2 25 | $71.3M | $378.2M | ||
| Q1 25 | $138.1M | $382.8M | ||
| Q4 24 | $259.8M | $506.3M | ||
| Q3 24 | $222.5M | $395.7M | ||
| Q2 24 | $187.3M | $369.4M |
自由现金流HASZBH
| Q1 26 | — | $245.9M | ||
| Q4 25 | $389.5M | $442.6M | ||
| Q3 25 | $260.9M | $363.7M | ||
| Q2 25 | $55.2M | $328.1M | ||
| Q1 25 | $124.3M | $338.2M | ||
| Q4 24 | $200.8M | $454.8M | ||
| Q3 24 | $174.0M | $351.2M | ||
| Q2 24 | $135.4M | $316.7M |
自由现金流率HASZBH
| Q1 26 | — | 11.8% | ||
| Q4 25 | 26.9% | 19.7% | ||
| Q3 25 | 18.8% | 18.2% | ||
| Q2 25 | 5.6% | 15.8% | ||
| Q1 25 | 14.0% | 17.7% | ||
| Q4 24 | 18.2% | 22.5% | ||
| Q3 24 | 13.6% | 19.3% | ||
| Q2 24 | 13.6% | 16.3% |
资本支出强度HASZBH
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | 3.3% | ||
| Q3 25 | 1.4% | 2.7% | ||
| Q2 25 | 1.6% | 2.4% | ||
| Q1 25 | 1.6% | 2.3% | ||
| Q4 24 | 5.4% | 2.5% | ||
| Q3 24 | 3.8% | 2.4% | ||
| Q2 24 | 5.2% | 2.7% |
现金转化率HASZBH
| Q1 26 | — | 1.51× | ||
| Q4 25 | 2.00× | 3.71× | ||
| Q3 25 | 1.20× | 1.81× | ||
| Q2 25 | — | 2.48× | ||
| Q1 25 | 1.40× | 2.10× | ||
| Q4 24 | — | 2.11× | ||
| Q3 24 | 1.00× | 1.59× | ||
| Q2 24 | 1.35× | 1.52× |
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% |
ZBH
暂无分部数据
