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AvalonBay Communities（AVB）与六旗（FUN）财务数据对比。点击上方公司名可切换其他公司
AvalonBay Communities的季度营收约是六旗的3.4倍（$767.9M vs $225.6M），AvalonBay Communities净利率更高（9040.6% vs -119.0%，领先9159.6%），六旗同比增速更快（11.7% vs 3.7%）
AvalonBay Communities是一家公开上市的房地产投资信托（REIT），核心业务聚焦公寓类不动产的投资与运营，旗下持有并管理大量区位优质的公寓项目，为租户提供高品质居住服务，在北美住宅地产投资领域拥有较高知名度。
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。
AVB vs FUN — 直观对比
营收规模更大
AVB
是对方的3.4倍
$225.6M
营收增速更快
FUN
高出8.0%
3.7%
净利率更高
AVB
高出9159.6%
-119.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $767.9M | $225.6M |
| 净利润 | $166.0M | $-268.6M |
| 毛利率 | — | — |
| 营业利润率 | 64.2% | — |
| 净利率 | 9040.6% | -119.0% |
| 营收同比 | 3.7% | 11.7% |
| 净利润同比 | -41.2% | -22.2% |
| 每股收益（稀释后） | $1.18 | — |
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AVBFUN
| Q1 26 | — | $225.6M | ||
| Q4 25 | $767.9M | $650.1M | ||
| Q3 25 | $766.8M | $1.3B | ||
| Q2 25 | $760.2M | $930.4M | ||
| Q1 25 | $745.9M | $202.1M | ||
| Q4 24 | $740.5M | — | ||
| Q3 24 | $734.3M | $1.3B | ||
| Q2 24 | $726.0M | $571.6M |
净利润AVBFUN
| Q1 26 | — | $-268.6M | ||
| Q4 25 | $166.0M | $-92.4M | ||
| Q3 25 | $381.3M | $-1.2B | ||
| Q2 25 | $268.7M | $-99.6M | ||
| Q1 25 | $236.6M | $-219.7M | ||
| Q4 24 | $282.1M | — | ||
| Q3 24 | $372.5M | $111.0M | ||
| Q2 24 | $253.9M | $55.6M |
毛利率AVBFUN
| 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AVBFUN
| Q1 26 | — | — | ||
| Q4 25 | 64.2% | -3.8% | ||
| Q3 25 | 65.7% | -83.7% | ||
| Q2 25 | 67.6% | 8.0% | ||
| Q1 25 | 68.5% | -158.9% | ||
| Q4 24 | 63.1% | — | ||
| Q3 24 | 65.4% | 19.5% | ||
| Q2 24 | 66.6% | 21.6% |
净利率AVBFUN
| Q1 26 | — | -119.0% | ||
| Q4 25 | 9040.6% | -14.2% | ||
| Q3 25 | 49.7% | -90.1% | ||
| Q2 25 | 35.3% | -10.7% | ||
| Q1 25 | 31.7% | -108.7% | ||
| Q4 24 | 38.1% | — | ||
| Q3 24 | 50.7% | 8.2% | ||
| Q2 24 | 35.0% | 9.7% |
每股收益（稀释后）AVBFUN
| Q1 26 | — | — | ||
| Q4 25 | $1.18 | $-0.93 | ||
| Q3 25 | $2.68 | $-11.77 | ||
| Q2 25 | $1.88 | $-0.99 | ||
| Q1 25 | $1.66 | $-2.20 | ||
| Q4 24 | $1.99 | — | ||
| Q3 24 | $2.61 | $1.10 | ||
| Q2 24 | $1.78 | — |
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 | $187.2M | $116.5M |
| 总债务越低越好 | $9.3B | — |
| 股东权益账面价值 | $11.6B | $279.2M |
| 总资产 | $22.2B | $7.7B |
| 负债/权益比越低杠杆越低 | 0.80× | — |
8季度趋势，按日历期对齐
现金及短期投资AVBFUN
| Q1 26 | — | $116.5M | ||
| Q4 25 | $187.2M | $91.1M | ||
| Q3 25 | $123.3M | $70.7M | ||
| Q2 25 | $102.8M | $107.4M | ||
| Q1 25 | $53.3M | $61.5M | ||
| Q4 24 | $108.6M | — | ||
| Q3 24 | $552.4M | $89.7M | ||
| Q2 24 | $545.8M | $52.9M |
总债务AVBFUN
| Q1 26 | — | — | ||
| Q4 25 | $9.3B | $5.2B | ||
| Q3 25 | $8.7B | $5.0B | ||
| Q2 25 | $8.7B | $5.3B | ||
| Q1 25 | $8.3B | $5.0B | ||
| Q4 24 | $8.1B | — | ||
| Q3 24 | $8.4B | $4.6B | ||
| Q2 24 | $8.4B | $2.3B |
股东权益AVBFUN
| Q1 26 | — | $279.2M | ||
| Q4 25 | $11.6B | $549.8M | ||
| Q3 25 | $11.9B | $614.3M | ||
| Q2 25 | $11.9B | $1.8B | ||
| Q1 25 | $11.9B | $1.8B | ||
| Q4 24 | $11.9B | — | ||
| Q3 24 | $11.9B | $2.3B | ||
| Q2 24 | $11.7B | — |
总资产AVBFUN
| Q1 26 | — | $7.7B | ||
| Q4 25 | $22.2B | $7.8B | ||
| Q3 25 | $21.9B | $7.9B | ||
| Q2 25 | $21.8B | $9.5B | ||
| Q1 25 | $21.2B | $9.2B | ||
| Q4 24 | $21.0B | — | ||
| Q3 24 | $21.3B | $9.4B | ||
| Q2 24 | $21.0B | $2.3B |
负债/权益比AVBFUN
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | 9.40× | ||
| Q3 25 | 0.73× | 8.16× | ||
| Q2 25 | 0.72× | 2.97× | ||
| Q1 25 | 0.70× | 2.75× | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.70× | 1.95× | ||
| Q2 24 | 0.71× | — |
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 | $1.7B | — |
| 自由现金流经营现金流 - 资本支出 | $1.4B | — |
| 自由现金流率自由现金流/营收 | 183.5% | — |
| 资本支出强度资本支出/营收 | 34.1% | — |
| 现金转化率经营现金流/净利润 | 10.07× | — |
| 过去12个月自由现金流最近4个季度 | $2.5B | — |
8季度趋势，按日历期对齐
经营现金流AVBFUN
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $-37.7M | ||
| Q3 25 | $477.0M | $356.2M | ||
| Q2 25 | $377.8M | $187.0M | ||
| Q1 25 | $415.9M | $-178.0M | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $486.2M | $337.4M | ||
| Q2 24 | $380.0M | — |
自由现金流AVBFUN
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $-109.3M | ||
| Q3 25 | $402.2M | $256.2M | ||
| Q2 25 | $317.1M | $18.8M | ||
| Q1 25 | $367.5M | $-318.0M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $434.2M | $227.7M | ||
| Q2 24 | $333.0M | — |
自由现金流率AVBFUN
| Q1 26 | — | — | ||
| Q4 25 | 183.5% | -16.8% | ||
| Q3 25 | 52.5% | 19.4% | ||
| Q2 25 | 41.7% | 2.0% | ||
| Q1 25 | 49.3% | -157.4% | ||
| Q4 24 | 191.0% | — | ||
| Q3 24 | 59.1% | 16.9% | ||
| Q2 24 | 45.9% | — |
资本支出强度AVBFUN
| Q1 26 | — | — | ||
| Q4 25 | 34.1% | 11.0% | ||
| Q3 25 | 9.8% | 7.6% | ||
| Q2 25 | 8.0% | 18.1% | ||
| Q1 25 | 6.5% | 69.3% | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 7.1% | 8.1% | ||
| Q2 24 | 6.5% | — |
现金转化率AVBFUN
| Q1 26 | — | — | ||
| Q4 25 | 10.07× | — | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | 1.41× | — | ||
| Q1 25 | 1.76× | — | ||
| Q4 24 | 5.70× | — | ||
| Q3 24 | 1.31× | 3.04× | ||
| Q2 24 | 1.50× | — |
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
AVB
暂无分部数据
FUN
| In-park admissions revenues | $113.4M | 50% |
| In-park product revenues | $89.0M | 39% |
| Out-of-park revenues | $28.8M | 13% |
