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B&G Foods, Inc.（BGS）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B&G Foods, Inc.的1.5倍（$650.1M vs $439.3M），B&G Foods, Inc.净利率更高（-4.4% vs -14.2%，领先9.9%），B&G Foods, Inc.自由现金流更多（$-70.7M vs $-109.3M）
B&G Foods是总部位于美国新泽西州帕西帕尼的品牌食品控股企业，创立于1996年，成立初衷是收购1889年诞生于曼哈顿的酸黄瓜、调味酱及调味品生产商Bloch & Guggenheimer，如今在北美食品领域拥有众多知名品牌。
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。
BGS vs FUN — 直观对比
营收规模更大
FUN
是对方的1.5倍
$439.3M
净利率更高
BGS
高出9.9%
-14.2%
自由现金流更多
BGS
多$38.5M
$-109.3M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $439.3M | $650.1M |
| 净利润 | $-19.1M | $-92.4M |
| 毛利率 | 22.5% | 91.4% |
| 营业利润率 | 2.5% | -3.8% |
| 净利率 | -4.4% | -14.2% |
| 营收同比 | -4.7% | — |
| 净利润同比 | -356.5% | — |
| 每股收益（稀释后） | $-0.24 | $-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BGSFUN
| Q4 25 | — | $650.1M | ||
| Q3 25 | $439.3M | $1.3B | ||
| Q2 25 | $424.4M | $930.4M | ||
| Q1 25 | $425.4M | $202.1M | ||
| Q4 24 | $551.6M | — | ||
| Q3 24 | $461.1M | $1.3B | ||
| Q2 24 | $444.6M | $571.6M | ||
| Q1 24 | $475.2M | — |
净利润BGSFUN
| Q4 25 | — | $-92.4M | ||
| Q3 25 | $-19.1M | $-1.2B | ||
| Q2 25 | $-9.8M | $-99.6M | ||
| Q1 25 | $835.0K | $-219.7M | ||
| Q4 24 | $-222.4M | — | ||
| Q3 24 | $7.5M | $111.0M | ||
| Q2 24 | $3.9M | $55.6M | ||
| Q1 24 | $-40.2M | — |
毛利率BGSFUN
| Q4 25 | — | 91.4% | ||
| Q3 25 | 22.5% | 91.6% | ||
| Q2 25 | 20.5% | 91.3% | ||
| Q1 25 | 21.2% | 89.3% | ||
| Q4 24 | 21.5% | — | ||
| Q3 24 | 22.2% | 91.9% | ||
| Q2 24 | 20.7% | 90.7% | ||
| Q1 24 | 22.9% | — |
营业利润率BGSFUN
| Q4 25 | — | -3.8% | ||
| Q3 25 | 2.5% | -83.7% | ||
| Q2 25 | 5.2% | 8.0% | ||
| Q1 25 | 8.4% | -158.9% | ||
| Q4 24 | -46.6% | — | ||
| Q3 24 | 11.1% | 19.5% | ||
| Q2 24 | 9.9% | 21.6% | ||
| Q1 24 | -3.3% | — |
净利率BGSFUN
| Q4 25 | — | -14.2% | ||
| Q3 25 | -4.4% | -90.1% | ||
| Q2 25 | -2.3% | -10.7% | ||
| Q1 25 | 0.2% | -108.7% | ||
| Q4 24 | -40.3% | — | ||
| Q3 24 | 1.6% | 8.2% | ||
| Q2 24 | 0.9% | 9.7% | ||
| Q1 24 | -8.5% | — |
每股收益（稀释后）BGSFUN
| Q4 25 | — | $-0.93 | ||
| Q3 25 | $-0.24 | $-11.77 | ||
| Q2 25 | $-0.12 | $-0.99 | ||
| Q1 25 | $0.01 | $-2.20 | ||
| Q4 24 | $-2.81 | — | ||
| Q3 24 | $0.09 | $1.10 | ||
| Q2 24 | $0.05 | — | ||
| Q1 24 | $-0.51 | — |
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 | $60.9M | $91.1M |
| 总债务越低越好 | $2.0B | $5.2B |
| 股东权益账面价值 | $470.7M | $549.8M |
| 总资产 | $2.9B | $7.8B |
| 负债/权益比越低杠杆越低 | 4.30× | 9.40× |
8季度趋势，按日历期对齐
现金及短期投资BGSFUN
| Q4 25 | — | $91.1M | ||
| Q3 25 | $60.9M | $70.7M | ||
| Q2 25 | $54.1M | $107.4M | ||
| Q1 25 | $61.2M | $61.5M | ||
| Q4 24 | $50.6M | — | ||
| Q3 24 | $54.7M | $89.7M | ||
| Q2 24 | $40.3M | $52.9M | ||
| Q1 24 | $42.5M | — |
总债务BGSFUN
| Q4 25 | — | $5.2B | ||
| Q3 25 | $2.0B | $5.0B | ||
| Q2 25 | $2.0B | $5.3B | ||
| Q1 25 | $2.0B | $5.0B | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.1B | $4.6B | ||
| Q2 24 | $2.0B | $2.3B | ||
| Q1 24 | $2.0B | — |
股东权益BGSFUN
| Q4 25 | — | $549.8M | ||
| Q3 25 | $470.7M | $614.3M | ||
| Q2 25 | $501.4M | $1.8B | ||
| Q1 25 | $513.1M | $1.8B | ||
| Q4 24 | $524.8M | — | ||
| Q3 24 | $755.3M | $2.3B | ||
| Q2 24 | $765.0M | — | ||
| Q1 24 | $781.2M | — |
总资产BGSFUN
| Q4 25 | — | $7.8B | ||
| Q3 25 | $2.9B | $7.9B | ||
| Q2 25 | $2.9B | $9.5B | ||
| Q1 25 | $3.0B | $9.2B | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $3.4B | $9.4B | ||
| Q2 24 | $3.4B | $2.3B | ||
| Q1 24 | $3.4B | — |
负债/权益比BGSFUN
| Q4 25 | — | 9.40× | ||
| Q3 25 | 4.30× | 8.16× | ||
| Q2 25 | 3.97× | 2.97× | ||
| Q1 25 | 3.91× | 2.75× | ||
| Q4 24 | 3.85× | — | ||
| Q3 24 | 2.75× | 1.95× | ||
| Q2 24 | 2.67× | — | ||
| Q1 24 | 2.61× | — |
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 | $-64.6M | $-37.7M |
| 自由现金流经营现金流 - 资本支出 | $-70.7M | $-109.3M |
| 自由现金流率自由现金流/营收 | -16.1% | -16.8% |
| 资本支出强度资本支出/营收 | 1.4% | 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 | $54.8M | $-152.2M |
8季度趋势，按日历期对齐
经营现金流BGSFUN
| Q4 25 | — | $-37.7M | ||
| Q3 25 | $-64.6M | $356.2M | ||
| Q2 25 | $17.8M | $187.0M | ||
| Q1 25 | $52.7M | $-178.0M | ||
| Q4 24 | $80.3M | — | ||
| Q3 24 | $4.2M | $337.4M | ||
| Q2 24 | $11.3M | — | ||
| Q1 24 | $35.1M | — |
自由现金流BGSFUN
| Q4 25 | — | $-109.3M | ||
| Q3 25 | $-70.7M | $256.2M | ||
| Q2 25 | $11.5M | $18.8M | ||
| Q1 25 | $42.4M | $-318.0M | ||
| Q4 24 | $71.7M | — | ||
| Q3 24 | $-679.0K | $227.7M | ||
| Q2 24 | $5.2M | — | ||
| Q1 24 | $27.5M | — |
自由现金流率BGSFUN
| Q4 25 | — | -16.8% | ||
| Q3 25 | -16.1% | 19.4% | ||
| Q2 25 | 2.7% | 2.0% | ||
| Q1 25 | 10.0% | -157.4% | ||
| Q4 24 | 13.0% | — | ||
| Q3 24 | -0.1% | 16.9% | ||
| Q2 24 | 1.2% | — | ||
| Q1 24 | 5.8% | — |
资本支出强度BGSFUN
| Q4 25 | — | 11.0% | ||
| Q3 25 | 1.4% | 7.6% | ||
| Q2 25 | 1.5% | 18.1% | ||
| Q1 25 | 2.4% | 69.3% | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 1.0% | 8.1% | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 1.6% | — |
现金转化率BGSFUN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 63.17× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.56× | 3.04× | ||
| Q2 24 | 2.87× | — | ||
| 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
BGS
| Specialty Segment | $150.5M | 34% |
| Meals Segment | $110.0M | 25% |
| Spices And Flavor Solutions Segment | $101.4M | 23% |
| Frozen And Vegetables Segment | $77.4M | 18% |
FUN
| Admission | $327.4M | 50% |
| Food Merchandiseand Gaming | $205.7M | 32% |
| Accommodations Extra Charge Products And Other | $117.0M | 18% |
