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传奇娱乐（ACEL）与六旗（FUN）财务数据对比。点击上方公司名可切换其他公司
六旗的季度营收约是传奇娱乐的1.9倍（$650.1M vs $341.4M）。传奇娱乐净利率更高（4.7% vs -14.2%，领先18.9%）。传奇娱乐自由现金流更多（$16.0M vs $-109.3M）
传奇娱乐是一家美国大众传媒与电影制作公司，总部位于加利福尼亚州伯班克，由托马斯·图尔于2000年创立。该公司长期与华纳兄弟影业、环球影业、索尼影视、派拉蒙影业等主流制片厂，以及网飞、葫芦等流媒体平台展开合作。
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。
ACEL vs FUN — 直观对比
营收规模更大
FUN
是对方的1.9倍
$341.4M
净利率更高
ACEL
高出18.9%
-14.2%
自由现金流更多
ACEL
多$125.2M
$-109.3M
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $341.4M | $650.1M |
| 净利润 | $16.2M | $-92.4M |
| 毛利率 | — | 91.4% |
| 营业利润率 | 8.7% | -3.8% |
| 净利率 | 4.7% | -14.2% |
| 营收同比 | 7.5% | — |
| 净利润同比 | 93.3% | — |
| 每股收益（稀释后） | $0.19 | $-0.93 |
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ACELFUN
| Q4 25 | $341.4M | $650.1M | ||
| Q3 25 | $329.7M | $1.3B | ||
| Q2 25 | $335.9M | $930.4M | ||
| Q1 25 | $323.9M | $202.1M | ||
| Q4 24 | $317.5M | — | ||
| Q3 24 | $302.2M | $1.3B | ||
| Q2 24 | $309.4M | $571.6M | ||
| Q1 24 | $301.8M | — |
净利润ACELFUN
| Q4 25 | $16.2M | $-92.4M | ||
| Q3 25 | $13.4M | $-1.2B | ||
| Q2 25 | $7.3M | $-99.6M | ||
| Q1 25 | $14.6M | $-219.7M | ||
| Q4 24 | $8.4M | — | ||
| Q3 24 | $4.9M | $111.0M | ||
| Q2 24 | $14.6M | $55.6M | ||
| Q1 24 | $7.4M | — |
毛利率ACELFUN
| Q4 25 | — | 91.4% | ||
| Q3 25 | — | 91.6% | ||
| Q2 25 | — | 91.3% | ||
| Q1 25 | — | 89.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 91.9% | ||
| Q2 24 | — | 90.7% | ||
| Q1 24 | — | — |
营业利润率ACELFUN
| Q4 25 | 8.7% | -3.8% | ||
| Q3 25 | 7.7% | -83.7% | ||
| Q2 25 | 8.0% | 8.0% | ||
| Q1 25 | 8.0% | -158.9% | ||
| Q4 24 | 6.5% | — | ||
| Q3 24 | 7.2% | 19.5% | ||
| Q2 24 | 7.3% | 21.6% | ||
| Q1 24 | 8.5% | — |
净利率ACELFUN
| Q4 25 | 4.7% | -14.2% | ||
| Q3 25 | 4.1% | -90.1% | ||
| Q2 25 | 2.2% | -10.7% | ||
| Q1 25 | 4.5% | -108.7% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 1.6% | 8.2% | ||
| Q2 24 | 4.7% | 9.7% | ||
| Q1 24 | 2.5% | — |
每股收益（稀释后）ACELFUN
| Q4 25 | $0.19 | $-0.93 | ||
| Q3 25 | $0.16 | $-11.77 | ||
| Q2 25 | $0.08 | $-0.99 | ||
| Q1 25 | $0.17 | $-2.20 | ||
| Q4 24 | $0.09 | — | ||
| Q3 24 | $0.06 | $1.10 | ||
| Q2 24 | $0.17 | — | ||
| Q1 24 | $0.09 | — |
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 | $296.6M | $91.1M |
| 总债务越低越好 | $607.4M | $5.2B |
| 股东权益账面价值 | $269.7M | $549.8M |
| 总资产 | $1.1B | $7.8B |
| 负债/权益比越低杠杆越低 | 2.25× | 9.40× |
8季度趋势，按日历期对齐
现金及短期投资ACELFUN
| Q4 25 | $296.6M | $91.1M | ||
| Q3 25 | $290.2M | $70.7M | ||
| Q2 25 | $264.6M | $107.4M | ||
| Q1 25 | $271.9M | $61.5M | ||
| Q4 24 | $281.3M | — | ||
| Q3 24 | $265.1M | $89.7M | ||
| Q2 24 | $254.9M | $52.9M | ||
| Q1 24 | $253.9M | — |
总债务ACELFUN
| Q4 25 | $607.4M | $5.2B | ||
| Q3 25 | $595.4M | $5.0B | ||
| Q2 25 | $595.5M | $5.3B | ||
| Q1 25 | $580.7M | $5.0B | ||
| Q4 24 | $595.4M | — | ||
| Q3 24 | $554.1M | $4.6B | ||
| Q2 24 | $565.7M | $2.3B | ||
| Q1 24 | $539.9M | — |
股东权益ACELFUN
| Q4 25 | $269.7M | $549.8M | ||
| Q3 25 | $267.1M | $614.3M | ||
| Q2 25 | $260.5M | $1.8B | ||
| Q1 25 | $259.1M | $1.8B | ||
| Q4 24 | $255.0M | — | ||
| Q3 24 | $206.7M | $2.3B | ||
| Q2 24 | $209.1M | — | ||
| Q1 24 | $202.1M | — |
总资产ACELFUN
| Q4 25 | $1.1B | $7.8B | ||
| Q3 25 | $1.1B | $7.9B | ||
| Q2 25 | $1.1B | $9.5B | ||
| Q1 25 | $1.0B | $9.2B | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $950.2M | $9.4B | ||
| Q2 24 | $950.3M | $2.3B | ||
| Q1 24 | $919.1M | — |
负债/权益比ACELFUN
| Q4 25 | 2.25× | 9.40× | ||
| Q3 25 | 2.23× | 8.16× | ||
| Q2 25 | 2.29× | 2.97× | ||
| Q1 25 | 2.24× | 2.75× | ||
| Q4 24 | 2.33× | — | ||
| Q3 24 | 2.68× | 1.95× | ||
| Q2 24 | 2.71× | — | ||
| Q1 24 | 2.67× | — |
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 | $31.1M | $-37.7M |
| 自由现金流经营现金流 - 资本支出 | $16.0M | $-109.3M |
| 自由现金流率自由现金流/营收 | 4.7% | -16.8% |
| 资本支出强度资本支出/营收 | 4.4% | 11.0% |
| 现金转化率经营现金流/净利润 | 1.92× | — |
| 过去12个月自由现金流最近4个季度 | $62.0M | $-152.2M |
8季度趋势，按日历期对齐
经营现金流ACELFUN
| Q4 25 | $31.1M | $-37.7M | ||
| Q3 25 | $55.2M | $356.2M | ||
| Q2 25 | $19.8M | $187.0M | ||
| Q1 25 | $44.8M | $-178.0M | ||
| Q4 24 | $13.5M | — | ||
| Q3 24 | $50.1M | $337.4M | ||
| Q2 24 | $28.9M | — | ||
| Q1 24 | $28.8M | — |
自由现金流ACELFUN
| Q4 25 | $16.0M | $-109.3M | ||
| Q3 25 | $34.2M | $256.2M | ||
| Q2 25 | $-6.2M | $18.8M | ||
| Q1 25 | $18.0M | $-318.0M | ||
| Q4 24 | $2.1M | — | ||
| Q3 24 | $33.1M | $227.7M | ||
| Q2 24 | $11.4M | — | ||
| Q1 24 | $8.1M | — |
自由现金流率ACELFUN
| Q4 25 | 4.7% | -16.8% | ||
| Q3 25 | 10.4% | 19.4% | ||
| Q2 25 | -1.9% | 2.0% | ||
| Q1 25 | 5.6% | -157.4% | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 11.0% | 16.9% | ||
| Q2 24 | 3.7% | — | ||
| Q1 24 | 2.7% | — |
资本支出强度ACELFUN
| Q4 25 | 4.4% | 11.0% | ||
| Q3 25 | 6.4% | 7.6% | ||
| Q2 25 | 7.8% | 18.1% | ||
| Q1 25 | 8.3% | 69.3% | ||
| Q4 24 | 3.6% | — | ||
| Q3 24 | 5.6% | 8.1% | ||
| Q2 24 | 5.7% | — | ||
| Q1 24 | 6.8% | — |
现金转化率ACELFUN
| Q4 25 | 1.92× | — | ||
| Q3 25 | 4.13× | — | ||
| Q2 25 | 2.71× | — | ||
| Q1 25 | 3.06× | — | ||
| Q4 24 | 1.62× | — | ||
| Q3 24 | 10.23× | 3.04× | ||
| Q2 24 | 1.98× | — | ||
| Q1 24 | 3.88× | — |
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
ACEL
| Video Gaming | $319.1M | 93% |
| ATM Fees And Other Revenue | $13.5M | 4% |
| Amusement | $5.3M | 2% |
| Manufacturing | $3.6M | 1% |
FUN
| Admission | $327.4M | 50% |
| Food Merchandiseand Gaming | $205.7M | 32% |
| Accommodations Extra Charge Products And Other | $117.0M | 18% |
