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BLACKBAUD INC（BLKB）与六旗（FUN）财务数据对比。点击上方公司名可切换其他公司
BLACKBAUD INC的季度营收约是六旗的1.2倍（$281.1M vs $225.6M），BLACKBAUD INC净利率更高（11.1% vs -119.0%，领先130.1%），六旗同比增速更快（11.7% vs 4.2%）
Blackbaud是全球知名的云服务提供商，专注为非营利组织、基金会、企业、教育机构、医疗机构、宗教团体及个人公益推动者提供技术支持，旗下产品覆盖筹款、网站管理、客户关系管理、数据分析、财务管理、票务系统、教育管理等多元场景。
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。
BLKB vs FUN — 直观对比
营收规模更大
BLKB
是对方的1.2倍
$225.6M
营收增速更快
FUN
高出7.5%
4.2%
净利率更高
BLKB
高出130.1%
-119.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $281.1M | $225.6M |
| 净利润 | $31.1M | $-268.6M |
| 毛利率 | 59.2% | — |
| 营业利润率 | 18.3% | — |
| 净利率 | 11.1% | -119.0% |
| 营收同比 | 4.2% | 11.7% |
| 净利润同比 | 620.3% | -22.2% |
| 每股收益（稀释后） | $0.67 | — |
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BLKBFUN
| Q1 26 | $281.1M | $225.6M | ||
| Q4 25 | $295.3M | $650.1M | ||
| Q3 25 | $281.1M | $1.3B | ||
| Q2 25 | $282.0M | $930.4M | ||
| Q1 25 | $269.9M | $202.1M | ||
| Q4 24 | $302.1M | — | ||
| Q3 24 | $286.6M | $1.3B | ||
| Q2 24 | $287.3M | $571.6M |
净利润BLKBFUN
| Q1 26 | $31.1M | $-268.6M | ||
| Q4 25 | $36.7M | $-92.4M | ||
| Q3 25 | $47.5M | $-1.2B | ||
| Q2 25 | $26.5M | $-99.6M | ||
| Q1 25 | $4.3M | $-219.7M | ||
| Q4 24 | $-346.4M | — | ||
| Q3 24 | $18.3M | $111.0M | ||
| Q2 24 | $21.2M | $55.6M |
毛利率BLKBFUN
| Q1 26 | 59.2% | — | ||
| Q4 25 | 58.3% | 91.4% | ||
| Q3 25 | 59.6% | 91.6% | ||
| Q2 25 | 59.7% | 91.3% | ||
| Q1 25 | 57.5% | 89.3% | ||
| Q4 24 | 53.8% | — | ||
| Q3 24 | 54.9% | 91.9% | ||
| Q2 24 | 56.0% | 90.7% |
营业利润率BLKBFUN
| Q1 26 | 18.3% | — | ||
| Q4 25 | 20.0% | -3.8% | ||
| Q3 25 | 19.4% | -83.7% | ||
| Q2 25 | 20.3% | 8.0% | ||
| Q1 25 | 7.3% | -158.9% | ||
| Q4 24 | -121.5% | — | ||
| Q3 24 | 14.4% | 19.5% | ||
| Q2 24 | 14.4% | 21.6% |
净利率BLKBFUN
| Q1 26 | 11.1% | -119.0% | ||
| Q4 25 | 12.4% | -14.2% | ||
| Q3 25 | 16.9% | -90.1% | ||
| Q2 25 | 9.4% | -10.7% | ||
| Q1 25 | 1.6% | -108.7% | ||
| Q4 24 | -114.6% | — | ||
| Q3 24 | 6.4% | 8.2% | ||
| Q2 24 | 7.4% | 9.7% |
每股收益（稀释后）BLKBFUN
| Q1 26 | $0.67 | — | ||
| Q4 25 | $0.75 | $-0.93 | ||
| Q3 25 | $0.98 | $-11.77 | ||
| Q2 25 | $0.55 | $-0.99 | ||
| Q1 25 | $0.09 | $-2.20 | ||
| Q4 24 | $-6.82 | — | ||
| Q3 24 | $0.35 | $1.10 | ||
| Q2 24 | $0.41 | — |
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 | $34.1M | $116.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $34.6M | $279.2M |
| 总资产 | $2.1B | $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BLKBFUN
| Q1 26 | $34.1M | $116.5M | ||
| Q4 25 | $38.9M | $91.1M | ||
| Q3 25 | $38.3M | $70.7M | ||
| Q2 25 | $41.6M | $107.4M | ||
| Q1 25 | $37.2M | $61.5M | ||
| Q4 24 | $67.6M | — | ||
| Q3 24 | $34.6M | $89.7M | ||
| Q2 24 | $30.4M | $52.9M |
总债务BLKBFUN
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $5.2B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $5.3B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.0B | $4.6B | ||
| Q2 24 | $1.0B | $2.3B |
股东权益BLKBFUN
| Q1 26 | $34.6M | $279.2M | ||
| Q4 25 | $85.1M | $549.8M | ||
| Q3 25 | $108.2M | $614.3M | ||
| Q2 25 | $72.7M | $1.8B | ||
| Q1 25 | $17.5M | $1.8B | ||
| Q4 24 | $126.8M | — | ||
| Q3 24 | $544.8M | $2.3B | ||
| Q2 24 | $577.5M | — |
总资产BLKBFUN
| Q1 26 | $2.1B | $7.7B | ||
| Q4 25 | $2.4B | $7.8B | ||
| Q3 25 | $2.1B | $7.9B | ||
| Q2 25 | $2.6B | $9.5B | ||
| Q1 25 | $2.1B | $9.2B | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.6B | $9.4B | ||
| Q2 24 | $3.0B | $2.3B |
负债/权益比BLKBFUN
| Q1 26 | — | — | ||
| Q4 25 | 13.06× | 9.40× | ||
| Q3 25 | — | 8.16× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | — | 2.75× | ||
| Q4 24 | 8.50× | — | ||
| Q3 24 | 1.84× | 1.95× | ||
| Q2 24 | 1.78× | — |
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 | $51.5M | — |
| 自由现金流经营现金流 - 资本支出 | $37.0M | — |
| 自由现金流率自由现金流/营收 | 13.2% | — |
| 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 | 1.65× | — |
| 过去12个月自由现金流最近4个季度 | $294.1M | — |
8季度趋势，按日历期对齐
经营现金流BLKBFUN
| Q1 26 | $51.5M | — | ||
| Q4 25 | $58.0M | $-37.7M | ||
| Q3 25 | $139.2M | $356.2M | ||
| Q2 25 | $66.9M | $187.0M | ||
| Q1 25 | $1.4M | $-178.0M | ||
| Q4 24 | $73.6M | — | ||
| Q3 24 | $104.0M | $337.4M | ||
| Q2 24 | $53.1M | — |
自由现金流BLKBFUN
| Q1 26 | $37.0M | — | ||
| Q4 25 | $55.0M | $-109.3M | ||
| Q3 25 | $135.7M | $256.2M | ||
| Q2 25 | $66.3M | $18.8M | ||
| Q1 25 | $712.0K | $-318.0M | ||
| Q4 24 | $73.4M | — | ||
| Q3 24 | $102.9M | $227.7M | ||
| Q2 24 | $48.0M | — |
自由现金流率BLKBFUN
| Q1 26 | 13.2% | — | ||
| Q4 25 | 18.6% | -16.8% | ||
| Q3 25 | 48.3% | 19.4% | ||
| Q2 25 | 23.5% | 2.0% | ||
| Q1 25 | 0.3% | -157.4% | ||
| Q4 24 | 24.3% | — | ||
| Q3 24 | 35.9% | 16.9% | ||
| Q2 24 | 16.7% | — |
资本支出强度BLKBFUN
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 11.0% | ||
| Q3 25 | 1.2% | 7.6% | ||
| Q2 25 | 0.2% | 18.1% | ||
| Q1 25 | 0.3% | 69.3% | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.4% | 8.1% | ||
| Q2 24 | 1.8% | — |
现金转化率BLKBFUN
| Q1 26 | 1.65× | — | ||
| Q4 25 | 1.58× | — | ||
| Q3 25 | 2.93× | — | ||
| Q2 25 | 2.53× | — | ||
| Q1 25 | 0.32× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.69× | 3.04× | ||
| Q2 24 | 2.50× | — |
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
BLKB
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% |
