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COPT DEFENSE PROPERTIES（CDP）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COPT DEFENSE PROPERTIES的1.1倍（$225.6M vs $197.4M），COPT DEFENSE PROPERTIES净利率更高（20.0% vs -119.0%，领先139.0%），六旗同比增速更快（11.7% vs 7.6%）
COPT Defense Properties是一家专业房地产投资信托基金，重点投资写字楼物业，资产主要布局于华盛顿大都会区的近郊区域，核心租户为美国政府及国防军工行业企业。截至2024年12月31日，公司旗下共持有164栋写字楼，总面积达1650万平方英尺，同时运营31个单租户数据中心，总面积590万平方英尺。
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。
CDP vs FUN — 直观对比
营收规模更大
FUN
是对方的1.1倍
$197.4M
营收增速更快
FUN
高出4.1%
7.6%
净利率更高
CDP
高出139.0%
-119.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $197.4M | $225.6M |
| 净利润 | $39.4M | $-268.6M |
| 毛利率 | — | — |
| 营业利润率 | 19.9% | — |
| 净利率 | 20.0% | -119.0% |
| 营收同比 | 7.6% | 11.7% |
| 净利润同比 | 8.0% | -22.2% |
| 每股收益（稀释后） | $0.32 | — |
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CDPFUN
| Q1 26 | — | $225.6M | ||
| Q4 25 | $197.4M | $650.1M | ||
| Q3 25 | $188.8M | $1.3B | ||
| Q2 25 | $189.9M | $930.4M | ||
| Q1 25 | $187.9M | $202.1M | ||
| Q4 24 | $183.4M | — | ||
| Q3 24 | $189.2M | $1.3B | ||
| Q2 24 | $187.3M | $571.6M |
净利润CDPFUN
| Q1 26 | — | $-268.6M | ||
| Q4 25 | $39.4M | $-92.4M | ||
| Q3 25 | $43.7M | $-1.2B | ||
| Q2 25 | $40.2M | $-99.6M | ||
| Q1 25 | $36.2M | $-219.7M | ||
| Q4 24 | $36.5M | — | ||
| Q3 24 | $37.4M | $111.0M | ||
| Q2 24 | $36.4M | $55.6M |
毛利率CDPFUN
| 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CDPFUN
| Q1 26 | — | — | ||
| Q4 25 | 19.9% | -3.8% | ||
| Q3 25 | 22.5% | -83.7% | ||
| Q2 25 | 21.0% | 8.0% | ||
| Q1 25 | 19.1% | -158.9% | ||
| Q4 24 | 19.7% | — | ||
| Q3 24 | 19.8% | 19.5% | ||
| Q2 24 | 19.4% | 21.6% |
净利率CDPFUN
| Q1 26 | — | -119.0% | ||
| Q4 25 | 20.0% | -14.2% | ||
| Q3 25 | 23.2% | -90.1% | ||
| Q2 25 | 21.1% | -10.7% | ||
| Q1 25 | 19.3% | -108.7% | ||
| Q4 24 | 19.9% | — | ||
| Q3 24 | 19.8% | 8.2% | ||
| Q2 24 | 19.4% | 9.7% |
每股收益（稀释后）CDPFUN
| Q1 26 | — | — | ||
| Q4 25 | $0.32 | $-0.93 | ||
| Q3 25 | $0.37 | $-11.77 | ||
| Q2 25 | $0.34 | $-0.99 | ||
| Q1 25 | $0.31 | $-2.20 | ||
| Q4 24 | $0.31 | — | ||
| Q3 24 | $0.32 | $1.10 | ||
| Q2 24 | $0.31 | — |
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 | $275.0M | $116.5M |
| 总债务越低越好 | $2.8B | — |
| 股东权益账面价值 | $1.5B | $279.2M |
| 总资产 | $4.7B | $7.7B |
| 负债/权益比越低杠杆越低 | 1.83× | — |
8季度趋势，按日历期对齐
现金及短期投资CDPFUN
| Q1 26 | — | $116.5M | ||
| Q4 25 | $275.0M | $91.1M | ||
| Q3 25 | $23.7M | $70.7M | ||
| Q2 25 | $21.3M | $107.4M | ||
| Q1 25 | $24.3M | $61.5M | ||
| Q4 24 | $38.3M | — | ||
| Q3 24 | $34.5M | $89.7M | ||
| Q2 24 | $100.4M | $52.9M |
总债务CDPFUN
| Q1 26 | — | — | ||
| Q4 25 | $2.8B | $5.2B | ||
| Q3 25 | $2.4B | $5.0B | ||
| Q2 25 | $2.4B | $5.3B | ||
| Q1 25 | $2.4B | $5.0B | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.4B | $4.6B | ||
| Q2 24 | $2.4B | $2.3B |
股东权益CDPFUN
| Q1 26 | — | $279.2M | ||
| Q4 25 | $1.5B | $549.8M | ||
| Q3 25 | $1.5B | $614.3M | ||
| Q2 25 | $1.5B | $1.8B | ||
| Q1 25 | $1.5B | $1.8B | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.5B | $2.3B | ||
| Q2 24 | $1.5B | — |
总资产CDPFUN
| Q1 26 | — | $7.7B | ||
| Q4 25 | $4.7B | $7.8B | ||
| Q3 25 | $4.4B | $7.9B | ||
| Q2 25 | $4.3B | $9.5B | ||
| Q1 25 | $4.3B | $9.2B | ||
| Q4 24 | $4.3B | — | ||
| Q3 24 | $4.2B | $9.4B | ||
| Q2 24 | $4.2B | $2.3B |
负债/权益比CDPFUN
| Q1 26 | — | — | ||
| Q4 25 | 1.83× | 9.40× | ||
| Q3 25 | 1.62× | 8.16× | ||
| Q2 25 | 1.63× | 2.97× | ||
| Q1 25 | 1.62× | 2.75× | ||
| Q4 24 | 1.60× | — | ||
| Q3 24 | 1.61× | 1.95× | ||
| Q2 24 | 1.61× | — |
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 | $309.9M | — |
| 自由现金流经营现金流 - 资本支出 | $288.9M | — |
| 自由现金流率自由现金流/营收 | 146.4% | — |
| 资本支出强度资本支出/营收 | 10.7% | — |
| 现金转化率经营现金流/净利润 | 7.87× | — |
| 过去12个月自由现金流最近4个季度 | $501.5M | — |
8季度趋势，按日历期对齐
经营现金流CDPFUN
| Q1 26 | — | — | ||
| Q4 25 | $309.9M | $-37.7M | ||
| Q3 25 | $68.6M | $356.2M | ||
| Q2 25 | $87.9M | $187.0M | ||
| Q1 25 | $72.1M | $-178.0M | ||
| Q4 24 | $331.0M | — | ||
| Q3 24 | $65.1M | $337.4M | ||
| Q2 24 | $93.8M | — |
自由现金流CDPFUN
| Q1 26 | — | — | ||
| Q4 25 | $288.9M | $-109.3M | ||
| Q3 25 | $62.9M | $256.2M | ||
| Q2 25 | $84.5M | $18.8M | ||
| Q1 25 | $65.1M | $-318.0M | ||
| Q4 24 | $299.6M | — | ||
| Q3 24 | $61.0M | $227.7M | ||
| Q2 24 | $88.4M | — |
自由现金流率CDPFUN
| Q1 26 | — | — | ||
| Q4 25 | 146.4% | -16.8% | ||
| Q3 25 | 33.3% | 19.4% | ||
| Q2 25 | 44.5% | 2.0% | ||
| Q1 25 | 34.7% | -157.4% | ||
| Q4 24 | 163.3% | — | ||
| Q3 24 | 32.3% | 16.9% | ||
| Q2 24 | 47.2% | — |
资本支出强度CDPFUN
| Q1 26 | — | — | ||
| Q4 25 | 10.7% | 11.0% | ||
| Q3 25 | 3.0% | 7.6% | ||
| Q2 25 | 1.8% | 18.1% | ||
| Q1 25 | 3.7% | 69.3% | ||
| Q4 24 | 17.1% | — | ||
| Q3 24 | 2.1% | 8.1% | ||
| Q2 24 | 2.9% | — |
现金转化率CDPFUN
| Q1 26 | — | — | ||
| Q4 25 | 7.87× | — | ||
| Q3 25 | 1.57× | — | ||
| Q2 25 | 2.19× | — | ||
| Q1 25 | 1.99× | — | ||
| Q4 24 | 9.08× | — | ||
| Q3 24 | 1.74× | 3.04× | ||
| Q2 24 | 2.58× | — |
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
CDP
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% |
