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Arcosa, Inc.（ACA）与六旗（FUN）财务数据对比。点击上方公司名可切换其他公司
Arcosa, Inc.的季度营收约是六旗的3.2倍（$716.7M vs $225.6M），Arcosa, Inc.净利率更高（7.3% vs -119.0%，领先126.3%），六旗同比增速更快（11.7% vs 7.6%）
Arcosa, Inc.是一家基础设施相关产品及解决方案提供商，业务覆盖建筑、能源、交通三大核心板块，主营公用设施结构件、建筑集料、交通零部件等产品，主要面向北美市场客户，为各类关键基础设施建设项目提供支持。
六旗娱乐是总部位于美国北卡罗来纳州夏洛特的游乐园运营企业，由雪松会与原六旗公司于2024年7月1日对等合并而成，是全球最大的区域性游乐园运营商。旗下共运营42个场地，包含27座游乐园、15座水上乐园，配套9处 onsite 度假物业。
ACA vs FUN — 直观对比
营收规模更大
ACA
是对方的3.2倍
$225.6M
营收增速更快
FUN
高出4.1%
7.6%
净利率更高
ACA
高出126.3%
-119.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $716.7M | $225.6M |
| 净利润 | $52.1M | $-268.6M |
| 毛利率 | 22.9% | — |
| 营业利润率 | 11.0% | — |
| 净利率 | 7.3% | -119.0% |
| 营收同比 | 7.6% | 11.7% |
| 净利润同比 | 776.6% | -22.2% |
| 每股收益（稀释后） | $1.06 | — |
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ACAFUN
| Q1 26 | — | $225.6M | ||
| Q4 25 | $716.7M | $650.1M | ||
| Q3 25 | $797.8M | $1.3B | ||
| Q2 25 | $736.9M | $930.4M | ||
| Q1 25 | $632.0M | $202.1M | ||
| Q4 24 | $666.2M | — | ||
| Q3 24 | $640.4M | $1.3B | ||
| Q2 24 | $664.7M | $571.6M |
净利润ACAFUN
| Q1 26 | — | $-268.6M | ||
| Q4 25 | $52.1M | $-92.4M | ||
| Q3 25 | $73.0M | $-1.2B | ||
| Q2 25 | $59.7M | $-99.6M | ||
| Q1 25 | $23.6M | $-219.7M | ||
| Q4 24 | $-7.7M | — | ||
| Q3 24 | $16.6M | $111.0M | ||
| Q2 24 | $45.6M | $55.6M |
毛利率ACAFUN
| Q1 26 | — | — | ||
| Q4 25 | 22.9% | 91.4% | ||
| Q3 25 | 24.1% | 91.6% | ||
| Q2 25 | 22.5% | 91.3% | ||
| Q1 25 | 19.8% | 89.3% | ||
| Q4 24 | 19.3% | — | ||
| Q3 24 | 21.3% | 91.9% | ||
| Q2 24 | 20.8% | 90.7% |
营业利润率ACAFUN
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | -3.8% | ||
| Q3 25 | 14.1% | -83.7% | ||
| Q2 25 | 12.9% | 8.0% | ||
| Q1 25 | 8.8% | -158.9% | ||
| Q4 24 | 6.5% | — | ||
| Q3 24 | 5.3% | 19.5% | ||
| Q2 24 | 10.1% | 21.6% |
净利率ACAFUN
| Q1 26 | — | -119.0% | ||
| Q4 25 | 7.3% | -14.2% | ||
| Q3 25 | 9.2% | -90.1% | ||
| Q2 25 | 8.1% | -10.7% | ||
| Q1 25 | 3.7% | -108.7% | ||
| Q4 24 | -1.2% | — | ||
| Q3 24 | 2.6% | 8.2% | ||
| Q2 24 | 6.9% | 9.7% |
每股收益（稀释后）ACAFUN
| Q1 26 | — | — | ||
| Q4 25 | $1.06 | $-0.93 | ||
| Q3 25 | $1.48 | $-11.77 | ||
| Q2 25 | $1.22 | $-0.99 | ||
| Q1 25 | $0.48 | $-2.20 | ||
| Q4 24 | $-0.16 | — | ||
| Q3 24 | $0.34 | $1.10 | ||
| Q2 24 | $0.93 | — |
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 | $214.6M | $116.5M |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $2.6B | $279.2M |
| 总资产 | $5.0B | $7.7B |
| 负债/权益比越低杠杆越低 | 0.57× | — |
8季度趋势，按日历期对齐
现金及短期投资ACAFUN
| Q1 26 | — | $116.5M | ||
| Q4 25 | $214.6M | $91.1M | ||
| Q3 25 | $220.0M | $70.7M | ||
| Q2 25 | $189.7M | $107.4M | ||
| Q1 25 | $167.9M | $61.5M | ||
| Q4 24 | $187.3M | — | ||
| Q3 24 | $756.8M | $89.7M | ||
| Q2 24 | $103.7M | $52.9M |
总债务ACAFUN
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $5.2B | ||
| Q3 25 | $1.6B | $5.0B | ||
| Q2 25 | $1.7B | $5.3B | ||
| Q1 25 | $1.7B | $5.0B | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.2B | $4.6B | ||
| Q2 24 | $699.9M | $2.3B |
股东权益ACAFUN
| Q1 26 | — | $279.2M | ||
| Q4 25 | $2.6B | $549.8M | ||
| Q3 25 | $2.6B | $614.3M | ||
| Q2 25 | $2.5B | $1.8B | ||
| Q1 25 | $2.5B | $1.8B | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.4B | $2.3B | ||
| Q2 24 | $2.4B | — |
总资产ACAFUN
| Q1 26 | — | $7.7B | ||
| Q4 25 | $5.0B | $7.8B | ||
| Q3 25 | $5.1B | $7.9B | ||
| Q2 25 | $5.0B | $9.5B | ||
| Q1 25 | $4.9B | $9.2B | ||
| Q4 24 | $4.9B | — | ||
| Q3 24 | $4.4B | $9.4B | ||
| Q2 24 | $3.8B | $2.3B |
负债/权益比ACAFUN
| Q1 26 | — | — | ||
| Q4 25 | 0.57× | 9.40× | ||
| Q3 25 | 0.61× | 8.16× | ||
| Q2 25 | 0.67× | 2.97× | ||
| Q1 25 | 0.68× | 2.75× | ||
| Q4 24 | 0.69× | — | ||
| Q3 24 | 0.51× | 1.95× | ||
| Q2 24 | 0.29× | — |
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 | $120.0M | — |
| 自由现金流经营现金流 - 资本支出 | $55.8M | — |
| 自由现金流率自由现金流/营收 | 7.8% | — |
| 资本支出强度资本支出/营收 | 9.0% | — |
| 现金转化率经营现金流/净利润 | 2.30× | — |
| 过去12个月自由现金流最近4个季度 | $175.5M | — |
8季度趋势，按日历期对齐
经营现金流ACAFUN
| Q1 26 | — | — | ||
| Q4 25 | $120.0M | $-37.7M | ||
| Q3 25 | $160.6M | $356.2M | ||
| Q2 25 | $61.2M | $187.0M | ||
| Q1 25 | $-700.0K | $-178.0M | ||
| Q4 24 | $248.2M | — | ||
| Q3 24 | $135.0M | $337.4M | ||
| Q2 24 | $38.3M | — |
自由现金流ACAFUN
| Q1 26 | — | — | ||
| Q4 25 | $55.8M | $-109.3M | ||
| Q3 25 | $121.0M | $256.2M | ||
| Q2 25 | $33.4M | $18.8M | ||
| Q1 25 | $-34.7M | $-318.0M | ||
| Q4 24 | $194.9M | — | ||
| Q3 24 | $100.6M | $227.7M | ||
| Q2 24 | $-9.3M | — |
自由现金流率ACAFUN
| Q1 26 | — | — | ||
| Q4 25 | 7.8% | -16.8% | ||
| Q3 25 | 15.2% | 19.4% | ||
| Q2 25 | 4.5% | 2.0% | ||
| Q1 25 | -5.5% | -157.4% | ||
| Q4 24 | 29.3% | — | ||
| Q3 24 | 15.7% | 16.9% | ||
| Q2 24 | -1.4% | — |
资本支出强度ACAFUN
| Q1 26 | — | — | ||
| Q4 25 | 9.0% | 11.0% | ||
| Q3 25 | 5.0% | 7.6% | ||
| Q2 25 | 3.8% | 18.1% | ||
| Q1 25 | 5.4% | 69.3% | ||
| Q4 24 | 8.0% | — | ||
| Q3 24 | 5.4% | 8.1% | ||
| Q2 24 | 7.2% | — |
现金转化率ACAFUN
| Q1 26 | — | — | ||
| Q4 25 | 2.30× | — | ||
| Q3 25 | 2.20× | — | ||
| Q2 25 | 1.03× | — | ||
| Q1 25 | -0.03× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.13× | 3.04× | ||
| Q2 24 | 0.84× | — |
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
ACA
| Engineered Structures | $301.1M | 42% |
| Total Construction Materials | $276.8M | 39% |
| Specialty Materials And Asphalt | $110.2M | 15% |
| Construction Site Support | $28.6M | 4% |
FUN
| In-park admissions revenues | $113.4M | 50% |
| In-park product revenues | $89.0M | 39% |
| Out-of-park revenues | $28.8M | 13% |
