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Advantage Solutions Inc.（ADV）与六旗（FUN）财务数据对比。点击上方公司名可切换其他公司
Advantage Solutions Inc.的季度营收约是六旗的1.4倍（$932.1M vs $650.1M），六旗净利率更高（-14.2% vs -17.4%，领先3.1%），Advantage Solutions Inc.自由现金流更多（$23.4M vs $-109.3M）
该公司是一家全球数据与分析企业，为众多行业提供数据技术服务、分析工具、预测洞察与欺诈防范方案，总部位于佐治亚州阿尔法利塔，在美国全境以及澳大利亚、巴西、中国、法国、中国香港、印度、爱尔兰、以色列、菲律宾、英国均设有办公地点。
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。
ADV vs FUN — 直观对比
营收规模更大
ADV
是对方的1.4倍
$650.1M
净利率更高
FUN
高出3.1%
-17.4%
自由现金流更多
ADV
多$132.7M
$-109.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $932.1M | $650.1M |
| 净利润 | $-161.7M | $-92.4M |
| 毛利率 | — | 91.4% |
| 营业利润率 | -17.4% | -3.8% |
| 净利率 | -17.4% | -14.2% |
| 营收同比 | 4.5% | — |
| 净利润同比 | 9.2% | — |
| 每股收益（稀释后） | — | $-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ADVFUN
| Q4 25 | $932.1M | $650.1M | ||
| Q3 25 | $915.0M | $1.3B | ||
| Q2 25 | $873.7M | $930.4M | ||
| Q1 25 | $821.8M | $202.1M | ||
| Q4 24 | $892.3M | — | ||
| Q3 24 | $939.3M | $1.3B | ||
| Q2 24 | $873.4M | $571.6M | ||
| Q1 24 | $861.4M | — |
净利润ADVFUN
| Q4 25 | $-161.7M | $-92.4M | ||
| Q3 25 | $20.6M | $-1.2B | ||
| Q2 25 | $-30.4M | $-99.6M | ||
| Q1 25 | $-56.1M | $-219.7M | ||
| Q4 24 | $-178.0M | — | ||
| Q3 24 | $-42.8M | $111.0M | ||
| Q2 24 | $-100.8M | $55.6M | ||
| Q1 24 | $-5.3M | — |
毛利率ADVFUN
| 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ADVFUN
| Q4 25 | -17.4% | -3.8% | ||
| Q3 25 | 4.4% | -83.7% | ||
| Q2 25 | 1.1% | 8.0% | ||
| Q1 25 | -1.8% | -158.9% | ||
| Q4 24 | -19.1% | — | ||
| Q3 24 | -0.3% | 19.5% | ||
| Q2 24 | -10.4% | 21.6% | ||
| Q1 24 | -3.5% | — |
净利率ADVFUN
| Q4 25 | -17.4% | -14.2% | ||
| Q3 25 | 2.2% | -90.1% | ||
| Q2 25 | -3.5% | -10.7% | ||
| Q1 25 | -6.8% | -108.7% | ||
| Q4 24 | -20.0% | — | ||
| Q3 24 | -4.6% | 8.2% | ||
| Q2 24 | -11.5% | 9.7% | ||
| Q1 24 | -0.6% | — |
每股收益（稀释后）ADVFUN
| Q4 25 | — | $-0.93 | ||
| Q3 25 | — | $-11.77 | ||
| Q2 25 | — | $-0.99 | ||
| Q1 25 | — | $-2.20 | ||
| Q4 24 | — | — | ||
| Q3 24 | $-0.13 | $1.10 | ||
| Q2 24 | $-0.31 | — | ||
| Q1 24 | $-0.02 | — |
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 | $240.8M | $91.1M |
| 总债务越低越好 | $1.7B | $5.2B |
| 股东权益账面价值 | $554.0M | $549.8M |
| 总资产 | $2.8B | $7.8B |
| 负债/权益比越低杠杆越低 | 3.05× | 9.40× |
8季度趋势，按日历期对齐
现金及短期投资ADVFUN
| Q4 25 | $240.8M | $91.1M | ||
| Q3 25 | $201.1M | $70.7M | ||
| Q2 25 | $102.9M | $107.4M | ||
| Q1 25 | $121.1M | $61.5M | ||
| Q4 24 | $205.2M | — | ||
| Q3 24 | $196.1M | $89.7M | ||
| Q2 24 | $154.0M | $52.9M | ||
| Q1 24 | $112.3M | — |
总债务ADVFUN
| Q4 25 | $1.7B | $5.2B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $5.3B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | — | — |
股东权益ADVFUN
| Q4 25 | $554.0M | $549.8M | ||
| Q3 25 | $708.5M | $614.3M | ||
| Q2 25 | $683.6M | $1.8B | ||
| Q1 25 | $695.6M | $1.8B | ||
| Q4 24 | $748.7M | — | ||
| Q3 24 | $932.5M | $2.3B | ||
| Q2 24 | $973.7M | — | ||
| Q1 24 | $1.1B | — |
总资产ADVFUN
| Q4 25 | $2.8B | $7.8B | ||
| Q3 25 | $3.0B | $7.9B | ||
| Q2 25 | $3.0B | $9.5B | ||
| Q1 25 | $3.0B | $9.2B | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.4B | $9.4B | ||
| Q2 24 | $3.5B | $2.3B | ||
| Q1 24 | $3.6B | — |
负债/权益比ADVFUN
| Q4 25 | 3.05× | 9.40× | ||
| Q3 25 | — | 8.16× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | — | 2.75× | ||
| Q4 24 | 2.30× | — | ||
| Q3 24 | — | 1.95× | ||
| Q2 24 | — | — | ||
| Q1 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 | $45.6M | $-37.7M |
| 自由现金流经营现金流 - 资本支出 | $23.4M | $-109.3M |
| 自由现金流率自由现金流/营收 | 2.5% | -16.8% |
| 资本支出强度资本支出/营收 | 2.4% | 11.0% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $10.7M | $-152.2M |
8季度趋势，按日历期对齐
经营现金流ADVFUN
| Q4 25 | $45.6M | $-37.7M | ||
| Q3 25 | $63.6M | $356.2M | ||
| Q2 25 | $-8.1M | $187.0M | ||
| Q1 25 | $-39.6M | $-178.0M | ||
| Q4 24 | $15.1M | — | ||
| Q3 24 | $34.0M | $337.4M | ||
| Q2 24 | $53.4M | — | ||
| Q1 24 | $-9.4M | — |
自由现金流ADVFUN
| Q4 25 | $23.4M | $-109.3M | ||
| Q3 25 | $52.2M | $256.2M | ||
| Q2 25 | $-10.2M | $18.8M | ||
| Q1 25 | $-54.7M | $-318.0M | ||
| Q4 24 | $-27.4M | — | ||
| Q3 24 | $8.6M | $227.7M | ||
| Q2 24 | $43.8M | — | ||
| Q1 24 | $-24.8M | — |
自由现金流率ADVFUN
| Q4 25 | 2.5% | -16.8% | ||
| Q3 25 | 5.7% | 19.4% | ||
| Q2 25 | -1.2% | 2.0% | ||
| Q1 25 | -6.7% | -157.4% | ||
| Q4 24 | -3.1% | — | ||
| Q3 24 | 0.9% | 16.9% | ||
| Q2 24 | 5.0% | — | ||
| Q1 24 | -2.9% | — |
资本支出强度ADVFUN
| Q4 25 | 2.4% | 11.0% | ||
| Q3 25 | 1.3% | 7.6% | ||
| Q2 25 | 0.2% | 18.1% | ||
| Q1 25 | 1.8% | 69.3% | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | 2.7% | 8.1% | ||
| Q2 24 | 1.1% | — | ||
| Q1 24 | 1.8% | — |
现金转化率ADVFUN
| Q4 25 | — | — | ||
| Q3 25 | 3.09× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.04× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
ADV
| Experiential Services | $395.9M | 42% |
| Branded Services | $289.8M | 31% |
| Retailer Services | $246.5M | 26% |
FUN
| Admission | $327.4M | 50% |
| Food Merchandiseand Gaming | $205.7M | 32% |
| Accommodations Extra Charge Products And Other | $117.0M | 18% |
