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AMC Networks Inc.（AMCX）与六旗（FUN）财务数据对比。点击上方公司名可切换其他公司
AMC Networks Inc.的季度营收约是六旗的2.6倍（$594.8M vs $225.6M），AMC Networks Inc.净利率更高（-9.3% vs -119.0%，领先109.7%），六旗同比增速更快（11.7% vs -0.8%）
AMC网络公司是总部位于纽约市的美国独立大众传媒娱乐集团，旗下拥有AMC、BBC美国台、IFC、圣丹斯电视、We TV等多个有线频道，还经营纽约IFC中心艺术影院、独立电影公司、动漫版权发行商，以及AMC+、Acorn TV等多个付费订阅流媒体服务。
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。
AMCX vs FUN — 直观对比
营收规模更大
AMCX
是对方的2.6倍
$225.6M
营收增速更快
FUN
高出12.4%
-0.8%
净利率更高
AMCX
高出109.7%
-119.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $594.8M | $225.6M |
| 净利润 | $-55.5M | $-268.6M |
| 毛利率 | 49.7% | — |
| 营业利润率 | -8.6% | — |
| 净利率 | -9.3% | -119.0% |
| 营收同比 | -0.8% | 11.7% |
| 净利润同比 | 80.5% | -22.2% |
| 每股收益（稀释后） | $-0.97 | — |
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AMCXFUN
| Q1 26 | — | $225.6M | ||
| Q4 25 | $594.8M | $650.1M | ||
| Q3 25 | $561.7M | $1.3B | ||
| Q2 25 | $600.0M | $930.4M | ||
| Q1 25 | $555.2M | $202.1M | ||
| Q4 24 | $599.3M | — | ||
| Q3 24 | $599.6M | $1.3B | ||
| Q2 24 | $625.9M | $571.6M |
净利润AMCXFUN
| Q1 26 | — | $-268.6M | ||
| Q4 25 | $-55.5M | $-92.4M | ||
| Q3 25 | $76.5M | $-1.2B | ||
| Q2 25 | $50.3M | $-99.6M | ||
| Q1 25 | $18.0M | $-219.7M | ||
| Q4 24 | $-284.5M | — | ||
| Q3 24 | $41.4M | $111.0M | ||
| Q2 24 | $-29.2M | $55.6M |
毛利率AMCXFUN
| Q1 26 | — | — | ||
| Q4 25 | 49.7% | 91.4% | ||
| Q3 25 | 48.2% | 91.6% | ||
| Q2 25 | 52.7% | 91.3% | ||
| Q1 25 | 51.8% | 89.3% | ||
| Q4 24 | 51.2% | — | ||
| Q3 24 | 52.0% | 91.9% | ||
| Q2 24 | 55.2% | 90.7% |
营业利润率AMCXFUN
| Q1 26 | — | — | ||
| Q4 25 | -8.6% | -3.8% | ||
| Q3 25 | 9.9% | -83.7% | ||
| Q2 25 | 10.7% | 8.0% | ||
| Q1 25 | 11.6% | -158.9% | ||
| Q4 24 | -42.4% | — | ||
| Q3 24 | 15.6% | 19.5% | ||
| Q2 24 | 1.7% | 21.6% |
净利率AMCXFUN
| Q1 26 | — | -119.0% | ||
| Q4 25 | -9.3% | -14.2% | ||
| Q3 25 | 13.6% | -90.1% | ||
| Q2 25 | 8.4% | -10.7% | ||
| Q1 25 | 3.3% | -108.7% | ||
| Q4 24 | -47.5% | — | ||
| Q3 24 | 6.9% | 8.2% | ||
| Q2 24 | -4.7% | 9.7% |
每股收益（稀释后）AMCXFUN
| Q1 26 | — | — | ||
| Q4 25 | $-0.97 | $-0.93 | ||
| Q3 25 | $1.38 | $-11.77 | ||
| Q2 25 | $0.91 | $-0.99 | ||
| Q1 25 | $0.34 | $-2.20 | ||
| Q4 24 | $-6.23 | — | ||
| Q3 24 | $0.76 | $1.10 | ||
| Q2 24 | $-0.66 | — |
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 | $502.4M | $116.5M |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $981.9M | $279.2M |
| 总资产 | $3.9B | $7.7B |
| 负债/权益比越低杠杆越低 | 1.78× | — |
8季度趋势，按日历期对齐
现金及短期投资AMCXFUN
| Q1 26 | — | $116.5M | ||
| Q4 25 | $502.4M | $91.1M | ||
| Q3 25 | $716.8M | $70.7M | ||
| Q2 25 | $866.4M | $107.4M | ||
| Q1 25 | $870.2M | $61.5M | ||
| Q4 24 | $784.6M | — | ||
| Q3 24 | $816.4M | $89.7M | ||
| Q2 24 | $802.6M | $52.9M |
总债务AMCXFUN
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $5.2B | ||
| Q3 25 | $1.9B | $5.0B | ||
| Q2 25 | $2.2B | $5.3B | ||
| Q1 25 | $2.3B | $5.0B | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | $4.6B | ||
| Q2 24 | $2.4B | $2.3B |
股东权益AMCXFUN
| Q1 26 | — | $279.2M | ||
| Q4 25 | $981.9M | $549.8M | ||
| Q3 25 | $1.1B | $614.3M | ||
| Q2 25 | $971.7M | $1.8B | ||
| Q1 25 | $888.8M | $1.8B | ||
| Q4 24 | $855.6M | — | ||
| Q3 24 | $1.1B | $2.3B | ||
| Q2 24 | $1.1B | — |
总资产AMCXFUN
| Q1 26 | — | $7.7B | ||
| Q4 25 | $3.9B | $7.8B | ||
| Q3 25 | $4.2B | $7.9B | ||
| Q2 25 | $4.4B | $9.5B | ||
| Q1 25 | $4.3B | $9.2B | ||
| Q4 24 | $4.4B | — | ||
| Q3 24 | $4.8B | $9.4B | ||
| Q2 24 | $4.9B | $2.3B |
负债/权益比AMCXFUN
| Q1 26 | — | — | ||
| Q4 25 | 1.78× | 9.40× | ||
| Q3 25 | 1.82× | 8.16× | ||
| Q2 25 | 2.27× | 2.97× | ||
| Q1 25 | 2.62× | 2.75× | ||
| Q4 24 | 2.73× | — | ||
| Q3 24 | 2.10× | 1.95× | ||
| Q2 24 | 2.26× | — |
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 | $49.2M | — |
| 自由现金流经营现金流 - 资本支出 | $40.4M | — |
| 自由现金流率自由现金流/营收 | 6.8% | — |
| 资本支出强度资本支出/营收 | 1.5% | — |
| 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 | $272.4M | — |
8季度趋势，按日历期对齐
经营现金流AMCXFUN
| Q1 26 | — | — | ||
| Q4 25 | $49.2M | $-37.7M | ||
| Q3 25 | $44.8M | $356.2M | ||
| Q2 25 | $102.8M | $187.0M | ||
| Q1 25 | $108.8M | $-178.0M | ||
| Q4 24 | $58.1M | — | ||
| Q3 24 | $62.2M | $337.4M | ||
| Q2 24 | $104.4M | — |
自由现金流AMCXFUN
| Q1 26 | — | — | ||
| Q4 25 | $40.4M | $-109.3M | ||
| Q3 25 | $42.0M | $256.2M | ||
| Q2 25 | $95.7M | $18.8M | ||
| Q1 25 | $94.2M | $-318.0M | ||
| Q4 24 | $37.6M | — | ||
| Q3 24 | $53.9M | $227.7M | ||
| Q2 24 | $95.2M | — |
自由现金流率AMCXFUN
| Q1 26 | — | — | ||
| Q4 25 | 6.8% | -16.8% | ||
| Q3 25 | 7.5% | 19.4% | ||
| Q2 25 | 16.0% | 2.0% | ||
| Q1 25 | 17.0% | -157.4% | ||
| Q4 24 | 6.3% | — | ||
| Q3 24 | 9.0% | 16.9% | ||
| Q2 24 | 15.2% | — |
资本支出强度AMCXFUN
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | 11.0% | ||
| Q3 25 | 0.5% | 7.6% | ||
| Q2 25 | 1.2% | 18.1% | ||
| Q1 25 | 2.6% | 69.3% | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 1.4% | 8.1% | ||
| Q2 24 | 1.5% | — |
现金转化率AMCXFUN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.59× | — | ||
| Q2 25 | 2.04× | — | ||
| Q1 25 | 6.03× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.50× | 3.04× | ||
| Q2 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
AMCX
| Subscription And Circulation | $314.8M | 53% |
| Advertising | $124.9M | 21% |
| Other | $79.1M | 13% |
| License | $74.8M | 13% |
| Related Party | $1.2M | 0% |
FUN
| In-park admissions revenues | $113.4M | 50% |
| In-park product revenues | $89.0M | 39% |
| Out-of-park revenues | $28.8M | 13% |
