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Acadia Healthcare Company, Inc.（ACHC）与六旗（FUN）财务数据对比。点击上方公司名可切换其他公司
Acadia Healthcare Company, Inc.的季度营收约是六旗的1.3倍（$829.0M vs $650.1M），Acadia Healthcare Company, Inc.净利率更高（0.5% vs -14.2%，领先14.7%）
阿卡迪亚医疗公司是美国的营利性行为医疗健康服务提供商，目前在美国及波多黎各地区运营着超过225家医疗机构，搭建了覆盖广泛的行为健康服务网络，为有相关需求的人群提供专业的心理健康与行为干预服务。
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。
ACHC vs FUN — 直观对比
营收规模更大
ACHC
是对方的1.3倍
$650.1M
净利率更高
ACHC
高出14.7%
-14.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $829.0M | $650.1M |
| 净利润 | $4.5M | $-92.4M |
| 毛利率 | — | 91.4% |
| 营业利润率 | — | -3.8% |
| 净利率 | 0.5% | -14.2% |
| 营收同比 | 7.5% | — |
| 净利润同比 | -50.8% | — |
| 每股收益（稀释后） | $0.05 | $-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ACHCFUN
| Q1 26 | $829.0M | — | ||
| Q4 25 | $821.5M | $650.1M | ||
| Q3 25 | $851.6M | $1.3B | ||
| Q2 25 | $869.2M | $930.4M | ||
| Q1 25 | $770.5M | $202.1M | ||
| Q4 24 | $774.2M | — | ||
| Q3 24 | $815.6M | $1.3B | ||
| Q2 24 | $796.0M | $571.6M |
净利润ACHCFUN
| Q1 26 | $4.5M | — | ||
| Q4 25 | $-1.2B | $-92.4M | ||
| Q3 25 | $36.2M | $-1.2B | ||
| Q2 25 | $30.1M | $-99.6M | ||
| Q1 25 | $8.4M | $-219.7M | ||
| Q4 24 | $32.6M | — | ||
| Q3 24 | $68.1M | $111.0M | ||
| Q2 24 | $78.5M | $55.6M |
毛利率ACHCFUN
| Q1 26 | — | — | ||
| 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% |
营业利润率ACHCFUN
| Q1 26 | — | — | ||
| Q4 25 | -142.4% | -3.8% | ||
| Q3 25 | 4.7% | -83.7% | ||
| Q2 25 | 5.8% | 8.0% | ||
| Q1 25 | 1.7% | -158.9% | ||
| Q4 24 | 4.9% | — | ||
| Q3 24 | 12.1% | 19.5% | ||
| Q2 24 | 13.4% | 21.6% |
净利率ACHCFUN
| Q1 26 | 0.5% | — | ||
| Q4 25 | -143.3% | -14.2% | ||
| Q3 25 | 4.3% | -90.1% | ||
| Q2 25 | 3.5% | -10.7% | ||
| Q1 25 | 1.1% | -108.7% | ||
| Q4 24 | 4.2% | — | ||
| Q3 24 | 8.4% | 8.2% | ||
| Q2 24 | 9.9% | 9.7% |
每股收益（稀释后）ACHCFUN
| Q1 26 | $0.05 | — | ||
| Q4 25 | $-12.98 | $-0.93 | ||
| Q3 25 | $0.40 | $-11.77 | ||
| Q2 25 | $0.33 | $-0.99 | ||
| Q1 25 | $0.09 | $-2.20 | ||
| Q4 24 | $0.36 | — | ||
| Q3 24 | $0.74 | $1.10 | ||
| Q2 24 | $0.85 | — |
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 | $158.5M | $91.1M |
| 总债务越低越好 | $2.5B | $5.2B |
| 股东权益账面价值 | $2.0B | $549.8M |
| 总资产 | $5.5B | $7.8B |
| 负债/权益比越低杠杆越低 | 1.29× | 9.40× |
8季度趋势，按日历期对齐
现金及短期投资ACHCFUN
| Q1 26 | $158.5M | — | ||
| Q4 25 | $133.2M | $91.1M | ||
| Q3 25 | $118.7M | $70.7M | ||
| Q2 25 | $131.4M | $107.4M | ||
| Q1 25 | $91.2M | $61.5M | ||
| Q4 24 | $76.3M | — | ||
| Q3 24 | $82.1M | $89.7M | ||
| Q2 24 | $77.2M | $52.9M |
总债务ACHCFUN
| Q1 26 | $2.5B | — | ||
| Q4 25 | $2.5B | $5.2B | ||
| Q3 25 | $2.3B | $5.0B | ||
| Q2 25 | $2.3B | $5.3B | ||
| Q1 25 | $2.2B | $5.0B | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $1.9B | $4.6B | ||
| Q2 24 | $1.8B | $2.3B |
股东权益ACHCFUN
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.9B | $549.8M | ||
| Q3 25 | $3.1B | $614.3M | ||
| Q2 25 | $3.1B | $1.8B | ||
| Q1 25 | $3.0B | $1.8B | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.0B | $2.3B | ||
| Q2 24 | $3.0B | — |
总资产ACHCFUN
| Q1 26 | $5.5B | — | ||
| Q4 25 | $5.5B | $7.8B | ||
| Q3 25 | $6.4B | $7.9B | ||
| Q2 25 | $6.3B | $9.5B | ||
| Q1 25 | $6.1B | $9.2B | ||
| Q4 24 | $6.0B | — | ||
| Q3 24 | $5.9B | $9.4B | ||
| Q2 24 | $5.7B | $2.3B |
负债/权益比ACHCFUN
| Q1 26 | 1.29× | — | ||
| Q4 25 | 1.28× | 9.40× | ||
| Q3 25 | 0.74× | 8.16× | ||
| Q2 25 | 0.74× | 2.97× | ||
| Q1 25 | 0.72× | 2.75× | ||
| Q4 24 | 0.64× | — | ||
| Q3 24 | 0.62× | 1.95× | ||
| Q2 24 | 0.62× | — |
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 | $61.5M | $-37.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-109.3M |
| 自由现金流率自由现金流/营收 | — | -16.8% |
| 资本支出强度资本支出/营收 | — | 11.0% |
| 现金转化率经营现金流/净利润 | 13.78× | — |
| 过去12个月自由现金流最近4个季度 | — | $-152.2M |
8季度趋势，按日历期对齐
经营现金流ACHCFUN
| Q1 26 | $61.5M | — | ||
| Q4 25 | $-86.3M | $-37.7M | ||
| Q3 25 | $73.2M | $356.2M | ||
| Q2 25 | $133.5M | $187.0M | ||
| Q1 25 | $11.5M | $-178.0M | ||
| Q4 24 | $116.7M | — | ||
| Q3 24 | $163.1M | $337.4M | ||
| Q2 24 | $171.1M | — |
自由现金流ACHCFUN
| Q1 26 | — | — | ||
| Q4 25 | $-179.5M | $-109.3M | ||
| Q3 25 | $-63.0M | $256.2M | ||
| Q2 25 | $-34.2M | $18.8M | ||
| Q1 25 | $-163.2M | $-318.0M | ||
| Q4 24 | $-86.8M | — | ||
| Q3 24 | $-27.1M | $227.7M | ||
| Q2 24 | $16.9M | — |
自由现金流率ACHCFUN
| Q1 26 | — | — | ||
| Q4 25 | -21.8% | -16.8% | ||
| Q3 25 | -7.4% | 19.4% | ||
| Q2 25 | -3.9% | 2.0% | ||
| Q1 25 | -21.2% | -157.4% | ||
| Q4 24 | -11.2% | — | ||
| Q3 24 | -3.3% | 16.9% | ||
| Q2 24 | 2.1% | — |
资本支出强度ACHCFUN
| Q1 26 | — | — | ||
| Q4 25 | 11.3% | 11.0% | ||
| Q3 25 | 16.0% | 7.6% | ||
| Q2 25 | 19.3% | 18.1% | ||
| Q1 25 | 22.7% | 69.3% | ||
| Q4 24 | 26.3% | — | ||
| Q3 24 | 23.3% | 8.1% | ||
| Q2 24 | 19.4% | — |
现金转化率ACHCFUN
| Q1 26 | 13.78× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 2.02× | — | ||
| Q2 25 | 4.43× | — | ||
| Q1 25 | 1.37× | — | ||
| Q4 24 | 3.58× | — | ||
| Q3 24 | 2.39× | 3.04× | ||
| Q2 24 | 2.18× | — |
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
ACHC
| Acute Inpatient Psychiatric Facilities | $471.0M | 57% |
| Other | $140.0M | 17% |
| Specialty Treatment Facilities | $128.0M | 15% |
| Residential Treatment Facilities | $90.0M | 11% |
FUN
| Admission | $327.4M | 50% |
| Food Merchandiseand Gaming | $205.7M | 32% |
| Accommodations Extra Charge Products And Other | $117.0M | 18% |
