vs
CrossAmerica Partners LP（CAPL）与六旗（FUN）财务数据对比。点击上方公司名可切换其他公司
CrossAmerica Partners LP的季度营收约是六旗的1.3倍（$866.3M vs $650.1M），CrossAmerica Partners LP净利率更高（1.2% vs -14.2%，领先15.4%），CrossAmerica Partners LP自由现金流更多（$22.4M vs $-109.3M）
塔峰资本合伙人（TowerBrook Capital Partners）是一家总部位于伦敦和纽约的投资管理公司，2005年从索罗斯基金管理分拆独立。该机构主打私募股权及结构性机会投资，曾收购奢侈品品牌Jimmy Choo控股权，截至2025年其管理规模超250亿美元，官网公示在管投资项目共110个。
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。
CAPL vs FUN — 直观对比
营收规模更大
CAPL
是对方的1.3倍
$650.1M
净利率更高
CAPL
高出15.4%
-14.2%
自由现金流更多
CAPL
多$131.6M
$-109.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $866.3M | $650.1M |
| 净利润 | $10.2M | $-92.4M |
| 毛利率 | 12.4% | 91.4% |
| 营业利润率 | 3.0% | -3.8% |
| 净利率 | 1.2% | -14.2% |
| 营收同比 | -8.3% | — |
| 净利润同比 | -39.6% | — |
| 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CAPLFUN
| Q4 25 | $866.3M | $650.1M | ||
| Q3 25 | $971.8M | $1.3B | ||
| Q2 25 | $961.9M | $930.4M | ||
| Q1 25 | $862.5M | $202.1M | ||
| Q4 24 | $944.2M | — | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.1B | $571.6M | ||
| Q1 24 | $941.5M | — |
净利润CAPLFUN
| Q4 25 | $10.2M | $-92.4M | ||
| Q3 25 | $13.6M | $-1.2B | ||
| Q2 25 | $25.2M | $-99.6M | ||
| Q1 25 | $-7.1M | $-219.7M | ||
| Q4 24 | $16.9M | — | ||
| Q3 24 | $10.7M | $111.0M | ||
| Q2 24 | $12.4M | $55.6M | ||
| Q1 24 | $-17.5M | — |
毛利率CAPLFUN
| Q4 25 | 12.4% | 91.4% | ||
| Q3 25 | 10.8% | 91.6% | ||
| Q2 25 | 10.5% | 91.3% | ||
| Q1 25 | 10.4% | 89.3% | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | 10.3% | 91.9% | ||
| Q2 24 | 9.2% | 90.7% | ||
| Q1 24 | 8.6% | — |
营业利润率CAPLFUN
| Q4 25 | 3.0% | -3.8% | ||
| Q3 25 | 2.9% | -83.7% | ||
| Q2 25 | 4.3% | 8.0% | ||
| Q1 25 | 0.2% | -158.9% | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 2.5% | 19.5% | ||
| Q2 24 | 2.5% | 21.6% | ||
| Q1 24 | -1.4% | — |
净利率CAPLFUN
| Q4 25 | 1.2% | -14.2% | ||
| Q3 25 | 1.4% | -90.1% | ||
| Q2 25 | 2.6% | -10.7% | ||
| Q1 25 | -0.8% | -108.7% | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 1.0% | 8.2% | ||
| Q2 24 | 1.1% | 9.7% | ||
| Q1 24 | -1.9% | — |
每股收益（稀释后）CAPLFUN
| Q4 25 | $0.24 | $-0.93 | ||
| Q3 25 | $0.34 | $-11.77 | ||
| Q2 25 | $0.64 | $-0.99 | ||
| Q1 25 | $-0.20 | $-2.20 | ||
| Q4 24 | $0.42 | — | ||
| Q3 24 | $0.27 | $1.10 | ||
| Q2 24 | $0.31 | — | ||
| Q1 24 | $-0.48 | — |
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 | $3.1M | $91.1M |
| 总债务越低越好 | $687.2M | $5.2B |
| 股东权益账面价值 | — | $549.8M |
| 总资产 | $964.7M | $7.8B |
| 负债/权益比越低杠杆越低 | — | 9.40× |
8季度趋势，按日历期对齐
现金及短期投资CAPLFUN
| Q4 25 | $3.1M | $91.1M | ||
| Q3 25 | $5.8M | $70.7M | ||
| Q2 25 | $9.7M | $107.4M | ||
| Q1 25 | $6.7M | $61.5M | ||
| Q4 24 | $3.4M | — | ||
| Q3 24 | $7.8M | $89.7M | ||
| Q2 24 | $5.5M | $52.9M | ||
| Q1 24 | $6.3M | — |
总债务CAPLFUN
| Q4 25 | $687.2M | $5.2B | ||
| Q3 25 | $700.8M | $5.0B | ||
| Q2 25 | $722.7M | $5.3B | ||
| Q1 25 | $774.1M | $5.0B | ||
| Q4 24 | $763.9M | — | ||
| Q3 24 | $769.2M | $4.6B | ||
| Q2 24 | $786.7M | $2.3B | ||
| Q1 24 | $795.8M | — |
股东权益CAPLFUN
| Q4 25 | — | $549.8M | ||
| Q3 25 | — | $614.3M | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总资产CAPLFUN
| Q4 25 | $964.7M | $7.8B | ||
| Q3 25 | $998.9M | $7.9B | ||
| Q2 25 | $1.0B | $9.5B | ||
| Q1 25 | $1.1B | $9.2B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | $9.4B | ||
| Q2 24 | $1.2B | $2.3B | ||
| Q1 24 | $1.2B | — |
负债/权益比CAPLFUN
| Q4 25 | — | 9.40× | ||
| Q3 25 | — | 8.16× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | — | 2.75× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.95× | ||
| Q2 24 | — | — | ||
| Q1 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 | $29.4M | $-37.7M |
| 自由现金流经营现金流 - 资本支出 | $22.4M | $-109.3M |
| 自由现金流率自由现金流/营收 | 2.6% | -16.8% |
| 资本支出强度资本支出/营收 | 0.8% | 11.0% |
| 现金转化率经营现金流/净利润 | 2.89× | — |
| 过去12个月自由现金流最近4个季度 | $55.8M | $-152.2M |
8季度趋势，按日历期对齐
经营现金流CAPLFUN
| Q4 25 | $29.4M | $-37.7M | ||
| Q3 25 | $24.4M | $356.2M | ||
| Q2 25 | $22.6M | $187.0M | ||
| Q1 25 | $15.0M | $-178.0M | ||
| Q4 24 | $11.1M | — | ||
| Q3 24 | $41.9M | $337.4M | ||
| Q2 24 | $28.9M | — | ||
| Q1 24 | $5.8M | — |
自由现金流CAPLFUN
| Q4 25 | $22.4M | $-109.3M | ||
| Q3 25 | $17.7M | $256.2M | ||
| Q2 25 | $10.8M | $18.8M | ||
| Q1 25 | $4.9M | $-318.0M | ||
| Q4 24 | $3.9M | — | ||
| Q3 24 | $34.2M | $227.7M | ||
| Q2 24 | $23.6M | — | ||
| Q1 24 | $-289.0K | — |
自由现金流率CAPLFUN
| Q4 25 | 2.6% | -16.8% | ||
| Q3 25 | 1.8% | 19.4% | ||
| Q2 25 | 1.1% | 2.0% | ||
| Q1 25 | 0.6% | -157.4% | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 3.2% | 16.9% | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | -0.0% | — |
资本支出强度CAPLFUN
| Q4 25 | 0.8% | 11.0% | ||
| Q3 25 | 0.7% | 7.6% | ||
| Q2 25 | 1.2% | 18.1% | ||
| Q1 25 | 1.2% | 69.3% | ||
| Q4 24 | 0.8% | — | ||
| Q3 24 | 0.7% | 8.1% | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | 0.6% | — |
现金转化率CAPLFUN
| Q4 25 | 2.89× | — | ||
| Q3 25 | 1.79× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | 3.92× | 3.04× | ||
| Q2 24 | 2.33× | — | ||
| 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
CAPL
| Retail Segment | $505.3M | 58% |
| Wholesale | $360.9M | 42% |
| Other | $1.2M | 0% |
FUN
| Admission | $327.4M | 50% |
| Food Merchandiseand Gaming | $205.7M | 32% |
| Accommodations Extra Charge Products And Other | $117.0M | 18% |
