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Arlo Technologies, Inc.（ARLO）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Arlo Technologies, Inc.的1.6倍（$225.6M vs $141.3M），Arlo Technologies, Inc.净利率更高（4.1% vs -119.0%，领先123.1%），Arlo Technologies, Inc.同比增速更快（16.2% vs 11.7%）
Arlo Technologies是一家专注于无线监控摄像头研发生产的美国企业。在2018年8月于纽交所完成首次公开募股之前，Arlo一直是网件（Netgear）旗下的监控产品品牌，IPO之后网件仍持有该公司多数控制权。
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。
ARLO vs FUN — 直观对比
营收规模更大
FUN
是对方的1.6倍
$141.3M
营收增速更快
ARLO
高出4.6%
11.7%
净利率更高
ARLO
高出123.1%
-119.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $141.3M | $225.6M |
| 净利润 | $5.8M | $-268.6M |
| 毛利率 | 46.4% | — |
| 营业利润率 | 3.3% | — |
| 净利率 | 4.1% | -119.0% |
| 营收同比 | 16.2% | 11.7% |
| 净利润同比 | 218.6% | -22.2% |
| 每股收益（稀释后） | $0.06 | — |
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ARLOFUN
| Q1 26 | — | $225.6M | ||
| Q4 25 | $141.3M | $650.1M | ||
| Q3 25 | $139.5M | $1.3B | ||
| Q2 25 | $129.4M | $930.4M | ||
| Q1 25 | $119.1M | $202.1M | ||
| Q4 24 | $121.6M | — | ||
| Q3 24 | $137.7M | $1.3B | ||
| Q2 24 | $127.4M | $571.6M |
净利润ARLOFUN
| Q1 26 | — | $-268.6M | ||
| Q4 25 | $5.8M | $-92.4M | ||
| Q3 25 | $6.9M | $-1.2B | ||
| Q2 25 | $3.1M | $-99.6M | ||
| Q1 25 | $-835.0K | $-219.7M | ||
| Q4 24 | $-4.9M | — | ||
| Q3 24 | $-4.4M | $111.0M | ||
| Q2 24 | $-11.6M | $55.6M |
毛利率ARLOFUN
| Q1 26 | — | — | ||
| Q4 25 | 46.4% | 91.4% | ||
| Q3 25 | 40.5% | 91.6% | ||
| Q2 25 | 44.9% | 91.3% | ||
| Q1 25 | 44.3% | 89.3% | ||
| Q4 24 | 36.9% | — | ||
| Q3 24 | 35.2% | 91.9% | ||
| Q2 24 | 36.8% | 90.7% |
营业利润率ARLOFUN
| Q1 26 | — | — | ||
| Q4 25 | 3.3% | -3.8% | ||
| Q3 25 | 0.6% | -83.7% | ||
| Q2 25 | 1.5% | 8.0% | ||
| Q1 25 | -1.2% | -158.9% | ||
| Q4 24 | -5.0% | — | ||
| Q3 24 | -4.0% | 19.5% | ||
| Q2 24 | -10.0% | 21.6% |
净利率ARLOFUN
| Q1 26 | — | -119.0% | ||
| Q4 25 | 4.1% | -14.2% | ||
| Q3 25 | 4.9% | -90.1% | ||
| Q2 25 | 2.4% | -10.7% | ||
| Q1 25 | -0.7% | -108.7% | ||
| Q4 24 | -4.0% | — | ||
| Q3 24 | -3.2% | 8.2% | ||
| Q2 24 | -9.1% | 9.7% |
每股收益（稀释后）ARLOFUN
| Q1 26 | — | — | ||
| Q4 25 | $0.06 | $-0.93 | ||
| Q3 25 | $0.06 | $-11.77 | ||
| Q2 25 | $0.03 | $-0.99 | ||
| Q1 25 | $-0.01 | $-2.20 | ||
| Q4 24 | $-0.05 | — | ||
| Q3 24 | $-0.04 | $1.10 | ||
| Q2 24 | $-0.12 | — |
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 | $146.4M | $116.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $127.8M | $279.2M |
| 总资产 | $310.5M | $7.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ARLOFUN
| Q1 26 | — | $116.5M | ||
| Q4 25 | $146.4M | $91.1M | ||
| Q3 25 | $86.0M | $70.7M | ||
| Q2 25 | $71.2M | $107.4M | ||
| Q1 25 | $84.0M | $61.5M | ||
| Q4 24 | $82.0M | — | ||
| Q3 24 | $77.0M | $89.7M | ||
| Q2 24 | $62.9M | $52.9M |
总债务ARLOFUN
| Q1 26 | — | — | ||
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $5.3B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $2.3B |
股东权益ARLOFUN
| Q1 26 | — | $279.2M | ||
| Q4 25 | $127.8M | $549.8M | ||
| Q3 25 | $129.2M | $614.3M | ||
| Q2 25 | $118.3M | $1.8B | ||
| Q1 25 | $103.4M | $1.8B | ||
| Q4 24 | $100.9M | — | ||
| Q3 24 | $96.9M | $2.3B | ||
| Q2 24 | $99.3M | — |
总资产ARLOFUN
| Q1 26 | — | $7.7B | ||
| Q4 25 | $310.5M | $7.8B | ||
| Q3 25 | $350.9M | $7.9B | ||
| Q2 25 | $319.7M | $9.5B | ||
| Q1 25 | $296.6M | $9.2B | ||
| Q4 24 | $298.4M | — | ||
| Q3 24 | $312.4M | $9.4B | ||
| Q2 24 | $295.8M | $2.3B |
负债/权益比ARLOFUN
| Q1 26 | — | — | ||
| Q4 25 | — | 9.40× | ||
| Q3 25 | — | 8.16× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | — | 2.75× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.95× | ||
| Q2 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 | $19.8M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 3.43× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ARLOFUN
| Q1 26 | — | — | ||
| Q4 25 | $19.8M | $-37.7M | ||
| Q3 25 | $19.2M | $356.2M | ||
| Q2 25 | $8.8M | $187.0M | ||
| Q1 25 | $30.9M | $-178.0M | ||
| Q4 24 | $6.7M | — | ||
| Q3 24 | $18.4M | $337.4M | ||
| Q2 24 | $6.5M | — |
自由现金流ARLOFUN
| Q1 26 | — | — | ||
| Q4 25 | — | $-109.3M | ||
| Q3 25 | — | $256.2M | ||
| Q2 25 | — | $18.8M | ||
| Q1 25 | $28.1M | $-318.0M | ||
| Q4 24 | $5.6M | — | ||
| Q3 24 | $17.4M | $227.7M | ||
| Q2 24 | $6.2M | — |
自由现金流率ARLOFUN
| Q1 26 | — | — | ||
| Q4 25 | — | -16.8% | ||
| Q3 25 | — | 19.4% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | 23.6% | -157.4% | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 12.6% | 16.9% | ||
| Q2 24 | 4.8% | — |
资本支出强度ARLOFUN
| Q1 26 | — | — | ||
| Q4 25 | — | 11.0% | ||
| Q3 25 | — | 7.6% | ||
| Q2 25 | — | 18.1% | ||
| Q1 25 | 2.4% | 69.3% | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 0.7% | 8.1% | ||
| Q2 24 | 0.2% | — |
现金转化率ARLOFUN
| Q1 26 | — | — | ||
| Q4 25 | 3.43× | — | ||
| Q3 25 | 2.79× | — | ||
| Q2 25 | 2.83× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 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
ARLO
| Subscriptions And Services | $89.4M | 63% |
| Products | $51.9M | 37% |
FUN
| In-park admissions revenues | $113.4M | 50% |
| In-park product revenues | $89.0M | 39% |
| Out-of-park revenues | $28.8M | 13% |
