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Cadre Holdings, Inc.（CDRE）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Cadre Holdings, Inc.的1.3倍（$225.6M vs $167.2M），Cadre Holdings, Inc.净利率更高（7.0% vs -119.0%，领先126.1%），六旗同比增速更快（11.7% vs -5.0%）
Cadre Holdings, Inc.是美国金融科技企业，面向个人及机构客户提供房地产投资项目直投渠道，覆盖纽约等地的商业地产。公司打造的投资平台支持投资者自主选择参与的具体交易项目，且投资门槛远低于全额收购物业所需资金，让不动产投资变得更接近股票交易，获得财经媒体的广泛认可。
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。
CDRE vs FUN — 直观对比
营收规模更大
FUN
是对方的1.3倍
$167.2M
营收增速更快
FUN
高出16.6%
-5.0%
净利率更高
CDRE
高出126.1%
-119.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $167.2M | $225.6M |
| 净利润 | $11.7M | $-268.6M |
| 毛利率 | 43.4% | — |
| 营业利润率 | 12.2% | — |
| 净利率 | 7.0% | -119.0% |
| 营收同比 | -5.0% | 11.7% |
| 净利润同比 | -9.6% | -22.2% |
| 每股收益（稀释后） | $0.22 | — |
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CDREFUN
| Q1 26 | — | $225.6M | ||
| Q4 25 | $167.2M | $650.1M | ||
| Q3 25 | $155.9M | $1.3B | ||
| Q2 25 | $157.1M | $930.4M | ||
| Q1 25 | $130.1M | $202.1M | ||
| Q4 24 | $176.0M | — | ||
| Q3 24 | $109.4M | $1.3B | ||
| Q2 24 | $144.3M | $571.6M |
净利润CDREFUN
| Q1 26 | — | $-268.6M | ||
| Q4 25 | $11.7M | $-92.4M | ||
| Q3 25 | $10.9M | $-1.2B | ||
| Q2 25 | $12.2M | $-99.6M | ||
| Q1 25 | $9.2M | $-219.7M | ||
| Q4 24 | $13.0M | — | ||
| Q3 24 | $3.7M | $111.0M | ||
| Q2 24 | $12.6M | $55.6M |
毛利率CDREFUN
| Q1 26 | — | — | ||
| Q4 25 | 43.4% | 91.4% | ||
| Q3 25 | 42.7% | 91.6% | ||
| Q2 25 | 40.9% | 91.3% | ||
| Q1 25 | 43.1% | 89.3% | ||
| Q4 24 | 43.9% | — | ||
| Q3 24 | 36.6% | 91.9% | ||
| Q2 24 | 40.6% | 90.7% |
营业利润率CDREFUN
| Q1 26 | — | — | ||
| Q4 25 | 12.2% | -3.8% | ||
| Q3 25 | 12.0% | -83.7% | ||
| Q2 25 | 9.3% | 8.0% | ||
| Q1 25 | 10.4% | -158.9% | ||
| Q4 24 | 16.7% | — | ||
| Q3 24 | 5.0% | 19.5% | ||
| Q2 24 | 13.8% | 21.6% |
净利率CDREFUN
| Q1 26 | — | -119.0% | ||
| Q4 25 | 7.0% | -14.2% | ||
| Q3 25 | 7.0% | -90.1% | ||
| Q2 25 | 7.8% | -10.7% | ||
| Q1 25 | 7.1% | -108.7% | ||
| Q4 24 | 7.4% | — | ||
| Q3 24 | 3.3% | 8.2% | ||
| Q2 24 | 8.7% | 9.7% |
每股收益（稀释后）CDREFUN
| Q1 26 | — | — | ||
| Q4 25 | $0.22 | $-0.93 | ||
| Q3 25 | $0.27 | $-11.77 | ||
| Q2 25 | $0.30 | $-0.99 | ||
| Q1 25 | $0.23 | $-2.20 | ||
| Q4 24 | $0.32 | — | ||
| Q3 24 | $0.09 | $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 | $122.9M | $116.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $317.8M | $279.2M |
| 总资产 | $770.0M | $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CDREFUN
| Q1 26 | — | $116.5M | ||
| Q4 25 | $122.9M | $91.1M | ||
| Q3 25 | $150.9M | $70.7M | ||
| Q2 25 | $137.5M | $107.4M | ||
| Q1 25 | $133.4M | $61.5M | ||
| Q4 24 | $124.9M | — | ||
| Q3 24 | $93.0M | $89.7M | ||
| Q2 24 | $105.9M | $52.9M |
总债务CDREFUN
| Q1 26 | — | — | ||
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $5.3B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $2.3B |
股东权益CDREFUN
| Q1 26 | — | $279.2M | ||
| Q4 25 | $317.8M | $549.8M | ||
| Q3 25 | $340.4M | $614.3M | ||
| Q2 25 | $332.5M | $1.8B | ||
| Q1 25 | $317.6M | $1.8B | ||
| Q4 24 | $311.5M | — | ||
| Q3 24 | $300.3M | $2.3B | ||
| Q2 24 | $299.4M | — |
总资产CDREFUN
| Q1 26 | — | $7.7B | ||
| Q4 25 | $770.0M | $7.8B | ||
| Q3 25 | $792.1M | $7.9B | ||
| Q2 25 | $794.4M | $9.5B | ||
| Q1 25 | $656.3M | $9.2B | ||
| Q4 24 | $652.7M | — | ||
| Q3 24 | $616.6M | $9.4B | ||
| Q2 24 | $620.6M | $2.3B |
负债/权益比CDREFUN
| Q1 26 | — | — | ||
| Q4 25 | — | 9.40× | ||
| Q3 25 | — | 8.16× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | — | 2.75× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.95× | ||
| Q2 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 | $21.3M | — |
| 自由现金流经营现金流 - 资本支出 | $18.0M | — |
| 自由现金流率自由现金流/营收 | 10.7% | — |
| 资本支出强度资本支出/营收 | 2.0% | — |
| 现金转化率经营现金流/净利润 | 1.81× | — |
| 过去12个月自由现金流最近4个季度 | $56.8M | — |
8季度趋势，按日历期对齐
经营现金流CDREFUN
| Q1 26 | — | — | ||
| Q4 25 | $21.3M | $-37.7M | ||
| Q3 25 | $22.5M | $356.2M | ||
| Q2 25 | $2.6M | $187.0M | ||
| Q1 25 | $17.4M | $-178.0M | ||
| Q4 24 | $23.7M | — | ||
| Q3 24 | $-5.2M | $337.4M | ||
| Q2 24 | $11.1M | — |
自由现金流CDREFUN
| Q1 26 | — | — | ||
| Q4 25 | $18.0M | $-109.3M | ||
| Q3 25 | $21.6M | $256.2M | ||
| Q2 25 | $1.2M | $18.8M | ||
| Q1 25 | $16.1M | $-318.0M | ||
| Q4 24 | $22.4M | — | ||
| Q3 24 | $-6.2M | $227.7M | ||
| Q2 24 | $9.1M | — |
自由现金流率CDREFUN
| Q1 26 | — | — | ||
| Q4 25 | 10.7% | -16.8% | ||
| Q3 25 | 13.9% | 19.4% | ||
| Q2 25 | 0.7% | 2.0% | ||
| Q1 25 | 12.4% | -157.4% | ||
| Q4 24 | 12.7% | — | ||
| Q3 24 | -5.7% | 16.9% | ||
| Q2 24 | 6.3% | — |
资本支出强度CDREFUN
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 11.0% | ||
| Q3 25 | 0.5% | 7.6% | ||
| Q2 25 | 0.9% | 18.1% | ||
| Q1 25 | 1.0% | 69.3% | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 0.9% | 8.1% | ||
| Q2 24 | 1.4% | — |
现金转化率CDREFUN
| Q1 26 | — | — | ||
| Q4 25 | 1.81× | — | ||
| Q3 25 | 2.05× | — | ||
| Q2 25 | 0.21× | — | ||
| Q1 25 | 1.88× | — | ||
| Q4 24 | 1.83× | — | ||
| Q3 24 | -1.43× | 3.04× | ||
| Q2 24 | 0.89× | — |
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
CDRE
| U.s.state And Local Agencies | $72.7M | 43% |
| Other | $48.6M | 29% |
| U.s.Federal Agencies | $31.6M | 19% |
| Commercial | $12.0M | 7% |
FUN
| In-park admissions revenues | $113.4M | 50% |
| In-park product revenues | $89.0M | 39% |
| Out-of-park revenues | $28.8M | 13% |
