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Atlanta Braves Holdings, Inc.（BATRA）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Atlanta Braves Holdings, Inc.的10.6倍（$650.1M vs $61.3M）。六旗净利率更高（-14.2% vs -67.6%，领先53.4%）
亚特兰大勇士控股有限公司是一家体育娱乐类控股企业，核心持有并运营美国职业棒球大联盟旗下的亚特兰大勇士队，同时开展场馆周边商住开发、活动承办、周边商品销售及传媒业务，服务美国东南部及全球棒球迷。
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。
BATRA vs FUN — 直观对比
营收规模更大
FUN
是对方的10.6倍
$61.3M
净利率更高
FUN
高出53.4%
-67.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $61.3M | $650.1M |
| 净利润 | $-41.4M | $-92.4M |
| 毛利率 | — | 91.4% |
| 营业利润率 | -81.2% | -3.8% |
| 净利率 | -67.6% | -14.2% |
| 营收同比 | 17.6% | — |
| 净利润同比 | -116.7% | — |
| 每股收益（稀释后） | $-0.64 | $-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BATRAFUN
| Q4 25 | $61.3M | $650.1M | ||
| Q3 25 | $311.5M | $1.3B | ||
| Q2 25 | $312.4M | $930.4M | ||
| Q1 25 | $47.2M | $202.1M | ||
| Q4 24 | $52.1M | — | ||
| Q3 24 | $290.7M | $1.3B | ||
| Q2 24 | $282.9M | $571.6M | ||
| Q1 24 | $37.1M | — |
净利润BATRAFUN
| Q4 25 | $-41.4M | $-92.4M | ||
| Q3 25 | $30.0M | $-1.2B | ||
| Q2 25 | $29.5M | $-99.6M | ||
| Q1 25 | $-41.4M | $-219.7M | ||
| Q4 24 | $-19.1M | — | ||
| Q3 24 | $10.0M | $111.0M | ||
| Q2 24 | $29.1M | $55.6M | ||
| Q1 24 | $-51.3M | — |
毛利率BATRAFUN
| 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BATRAFUN
| Q4 25 | -81.2% | -3.8% | ||
| Q3 25 | 12.5% | -83.7% | ||
| Q2 25 | 13.4% | 8.0% | ||
| Q1 25 | -94.2% | -158.9% | ||
| Q4 24 | -35.8% | — | ||
| Q3 24 | 2.2% | 19.5% | ||
| Q2 24 | 8.8% | 21.6% | ||
| Q1 24 | -141.2% | — |
净利率BATRAFUN
| Q4 25 | -67.6% | -14.2% | ||
| Q3 25 | 9.6% | -90.1% | ||
| Q2 25 | 9.4% | -10.7% | ||
| Q1 25 | -87.7% | -108.7% | ||
| Q4 24 | -36.7% | — | ||
| Q3 24 | 3.4% | 8.2% | ||
| Q2 24 | 10.3% | 9.7% | ||
| Q1 24 | -138.3% | — |
每股收益（稀释后）BATRAFUN
| Q4 25 | $-0.64 | $-0.93 | ||
| Q3 25 | $0.47 | $-11.77 | ||
| Q2 25 | $0.46 | $-0.99 | ||
| Q1 25 | $-0.66 | $-2.20 | ||
| Q4 24 | $-0.29 | — | ||
| Q3 24 | $0.16 | $1.10 | ||
| Q2 24 | $0.46 | — | ||
| Q1 24 | $-0.83 | — |
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 | $99.9M | $91.1M |
| 总债务越低越好 | $738.6M | $5.2B |
| 股东权益账面价值 | $526.0M | $549.8M |
| 总资产 | $1.6B | $7.8B |
| 负债/权益比越低杠杆越低 | 1.40× | 9.40× |
8季度趋势，按日历期对齐
现金及短期投资BATRAFUN
| Q4 25 | $99.9M | $91.1M | ||
| Q3 25 | $82.2M | $70.7M | ||
| Q2 25 | $96.2M | $107.4M | ||
| Q1 25 | $244.7M | $61.5M | ||
| Q4 24 | $110.1M | — | ||
| Q3 24 | $100.9M | $89.7M | ||
| Q2 24 | $121.2M | $52.9M | ||
| Q1 24 | $181.5M | — |
总债务BATRAFUN
| Q4 25 | $738.6M | $5.2B | ||
| Q3 25 | $759.9M | $5.0B | ||
| Q2 25 | $703.1M | $5.3B | ||
| Q1 25 | $699.5M | $5.0B | ||
| Q4 24 | $617.1M | — | ||
| Q3 24 | $640.1M | $4.6B | ||
| Q2 24 | $600.0M | $2.3B | ||
| Q1 24 | $579.9M | — |
股东权益BATRAFUN
| Q4 25 | $526.0M | $549.8M | ||
| Q3 25 | $560.3M | $614.3M | ||
| Q2 25 | $522.8M | $1.8B | ||
| Q1 25 | $486.1M | $1.8B | ||
| Q4 24 | $524.2M | — | ||
| Q3 24 | $530.4M | $2.3B | ||
| Q2 24 | $512.7M | — | ||
| Q1 24 | $479.2M | — |
总资产BATRAFUN
| Q4 25 | $1.6B | $7.8B | ||
| Q3 25 | $1.7B | $7.9B | ||
| Q2 25 | $1.7B | $9.5B | ||
| Q1 25 | $1.7B | $9.2B | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.6B | $9.4B | ||
| Q2 24 | $1.6B | $2.3B | ||
| Q1 24 | $1.6B | — |
负债/权益比BATRAFUN
| Q4 25 | 1.40× | 9.40× | ||
| Q3 25 | 1.36× | 8.16× | ||
| Q2 25 | 1.34× | 2.97× | ||
| Q1 25 | 1.44× | 2.75× | ||
| Q4 24 | 1.18× | — | ||
| Q3 24 | 1.21× | 1.95× | ||
| Q2 24 | 1.17× | — | ||
| Q1 24 | 1.21× | — |
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 | $26.4M | $-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 | 0.0% | 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 | — | $-152.2M |
8季度趋势，按日历期对齐
经营现金流BATRAFUN
| Q4 25 | $26.4M | $-37.7M | ||
| Q3 25 | $-88.8M | $356.2M | ||
| Q2 25 | $-8.1M | $187.0M | ||
| Q1 25 | $95.8M | $-178.0M | ||
| Q4 24 | $28.9M | — | ||
| Q3 24 | $-69.0M | $337.4M | ||
| Q2 24 | $-34.3M | — | ||
| Q1 24 | $91.1M | — |
自由现金流BATRAFUN
| Q4 25 | — | $-109.3M | ||
| Q3 25 | — | $256.2M | ||
| Q2 25 | $-82.3M | $18.8M | ||
| Q1 25 | $76.3M | $-318.0M | ||
| Q4 24 | $16.8M | — | ||
| Q3 24 | $-85.5M | $227.7M | ||
| Q2 24 | $-64.1M | — | ||
| Q1 24 | $63.4M | — |
自由现金流率BATRAFUN
| Q4 25 | — | -16.8% | ||
| Q3 25 | — | 19.4% | ||
| Q2 25 | -26.3% | 2.0% | ||
| Q1 25 | 161.5% | -157.4% | ||
| Q4 24 | 32.3% | — | ||
| Q3 24 | -29.4% | 16.9% | ||
| Q2 24 | -22.7% | — | ||
| Q1 24 | 171.0% | — |
资本支出强度BATRAFUN
| Q4 25 | 0.0% | 11.0% | ||
| Q3 25 | 0.0% | 7.6% | ||
| Q2 25 | 23.7% | 18.1% | ||
| Q1 25 | 41.3% | 69.3% | ||
| Q4 24 | 23.2% | — | ||
| Q3 24 | 5.7% | 8.1% | ||
| Q2 24 | 10.5% | — | ||
| Q1 24 | 74.5% | — |
现金转化率BATRAFUN
| Q4 25 | — | — | ||
| Q3 25 | -2.96× | — | ||
| Q2 25 | -0.28× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -6.89× | 3.04× | ||
| Q2 24 | -1.18× | — | ||
| 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
BATRA
| Baseball | $34.8M | 57% |
| Mixed Use Development Segment | $26.5M | 43% |
FUN
| Admission | $327.4M | 50% |
| Food Merchandiseand Gaming | $205.7M | 32% |
| Accommodations Extra Charge Products And Other | $117.0M | 18% |
