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COUSINS PROPERTIES INC（CUZ）与六旗（FUN）财务数据对比。点击上方公司名可切换其他公司
COUSINS PROPERTIES INC的季度营收约是六旗的1.1倍（$255.0M vs $225.6M），COUSINS PROPERTIES INC净利率更高（-1.4% vs -119.0%，领先117.7%），COUSINS PROPERTIES INC同比增速更快（13.2% vs 11.7%）
Cousins Properties是一家公开上市的房地产投资信托（REIT），专注于亚特兰大、夏洛特、奥斯汀、菲尼克斯、坦帕及北卡罗来纳州教堂山的写字楼资产投资。公司曾开发多个知名地标项目，包括亚特兰大的CNN中心、奥姆尼体育馆、桃树中心191号大厦以及埃默里角商业综合体。
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。
CUZ vs FUN — 直观对比
营收规模更大
CUZ
是对方的1.1倍
$225.6M
营收增速更快
CUZ
高出1.5%
11.7%
净利率更高
CUZ
高出117.7%
-119.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $255.0M | $225.6M |
| 净利润 | $-3.5M | $-268.6M |
| 毛利率 | 67.4% | — |
| 营业利润率 | 67.5% | — |
| 净利率 | -1.4% | -119.0% |
| 营收同比 | 13.2% | 11.7% |
| 净利润同比 | -125.4% | -22.2% |
| 每股收益（稀释后） | $-0.02 | — |
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CUZFUN
| Q1 26 | — | $225.6M | ||
| Q4 25 | $255.0M | $650.1M | ||
| Q3 25 | $248.3M | $1.3B | ||
| Q2 25 | $240.1M | $930.4M | ||
| Q1 25 | $250.3M | $202.1M | ||
| Q4 24 | $225.3M | — | ||
| Q3 24 | $209.2M | $1.3B | ||
| Q2 24 | $213.0M | $571.6M |
净利润CUZFUN
| Q1 26 | — | $-268.6M | ||
| Q4 25 | $-3.5M | $-92.4M | ||
| Q3 25 | $8.6M | $-1.2B | ||
| Q2 25 | $14.5M | $-99.6M | ||
| Q1 25 | $20.9M | $-219.7M | ||
| Q4 24 | $13.6M | — | ||
| Q3 24 | $11.2M | $111.0M | ||
| Q2 24 | $7.8M | $55.6M |
毛利率CUZFUN
| Q1 26 | — | — | ||
| Q4 25 | 67.4% | 91.4% | ||
| Q3 25 | 67.8% | 91.6% | ||
| Q2 25 | 69.1% | 91.3% | ||
| Q1 25 | 69.2% | 89.3% | ||
| Q4 24 | 67.6% | — | ||
| Q3 24 | 68.5% | 91.9% | ||
| Q2 24 | 66.8% | 90.7% |
营业利润率CUZFUN
| Q1 26 | — | — | ||
| Q4 25 | 67.5% | -3.8% | ||
| Q3 25 | 68.1% | -83.7% | ||
| Q2 25 | 69.4% | 8.0% | ||
| Q1 25 | 66.0% | -158.9% | ||
| Q4 24 | 65.8% | — | ||
| Q3 24 | 67.9% | 19.5% | ||
| Q2 24 | 66.4% | 21.6% |
净利率CUZFUN
| Q1 26 | — | -119.0% | ||
| Q4 25 | -1.4% | -14.2% | ||
| Q3 25 | 3.5% | -90.1% | ||
| Q2 25 | 6.0% | -10.7% | ||
| Q1 25 | 8.3% | -108.7% | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 5.4% | 8.2% | ||
| Q2 24 | 3.7% | 9.7% |
每股收益（稀释后）CUZFUN
| Q1 26 | — | — | ||
| Q4 25 | $-0.02 | $-0.93 | ||
| Q3 25 | $0.05 | $-11.77 | ||
| Q2 25 | $0.09 | $-0.99 | ||
| Q1 25 | $0.12 | $-2.20 | ||
| Q4 24 | $0.09 | — | ||
| Q3 24 | $0.07 | $1.10 | ||
| Q2 24 | $0.05 | — |
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 | $5.7M | $116.5M |
| 总债务越低越好 | $3.3B | — |
| 股东权益账面价值 | $4.7B | $279.2M |
| 总资产 | $8.9B | $7.7B |
| 负债/权益比越低杠杆越低 | 0.71× | — |
8季度趋势，按日历期对齐
现金及短期投资CUZFUN
| Q1 26 | — | $116.5M | ||
| Q4 25 | $5.7M | $91.1M | ||
| Q3 25 | $4.7M | $70.7M | ||
| Q2 25 | $416.8M | $107.4M | ||
| Q1 25 | $5.3M | $61.5M | ||
| Q4 24 | $7.3M | — | ||
| Q3 24 | $76.1M | $89.7M | ||
| Q2 24 | $6.0M | $52.9M |
总债务CUZFUN
| Q1 26 | — | — | ||
| Q4 25 | $3.3B | $5.2B | ||
| Q3 25 | $3.3B | $5.0B | ||
| Q2 25 | $3.5B | $5.3B | ||
| Q1 25 | $3.0B | $5.0B | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $2.7B | $4.6B | ||
| Q2 24 | $2.6B | $2.3B |
股东权益CUZFUN
| Q1 26 | — | $279.2M | ||
| Q4 25 | $4.7B | $549.8M | ||
| Q3 25 | $4.7B | $614.3M | ||
| Q2 25 | $4.8B | $1.8B | ||
| Q1 25 | $4.8B | $1.8B | ||
| Q4 24 | $4.8B | — | ||
| Q3 24 | $4.4B | $2.3B | ||
| Q2 24 | $4.5B | — |
总资产CUZFUN
| Q1 26 | — | $7.7B | ||
| Q4 25 | $8.9B | $7.8B | ||
| Q3 25 | $8.9B | $7.9B | ||
| Q2 25 | $9.1B | $9.5B | ||
| Q1 25 | $8.7B | $9.2B | ||
| Q4 24 | $8.8B | — | ||
| Q3 24 | $7.8B | $9.4B | ||
| Q2 24 | $7.7B | $2.3B |
负债/权益比CUZFUN
| Q1 26 | — | — | ||
| Q4 25 | 0.71× | 9.40× | ||
| Q3 25 | 0.70× | 8.16× | ||
| Q2 25 | 0.73× | 2.97× | ||
| Q1 25 | 0.63× | 2.75× | ||
| Q4 24 | 0.64× | — | ||
| Q3 24 | 0.60× | 1.95× | ||
| Q2 24 | 0.58× | — |
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 | $402.3M | — |
| 自由现金流经营现金流 - 资本支出 | $135.0M | — |
| 自由现金流率自由现金流/营收 | 53.0% | — |
| 资本支出强度资本支出/营收 | 104.8% | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流CUZFUN
| Q1 26 | — | — | ||
| Q4 25 | $402.3M | $-37.7M | ||
| Q3 25 | $120.5M | $356.2M | ||
| Q2 25 | $122.6M | $187.0M | ||
| Q1 25 | $44.8M | $-178.0M | ||
| Q4 24 | $400.2M | — | ||
| Q3 24 | $117.4M | $337.4M | ||
| Q2 24 | $125.5M | — |
自由现金流CUZFUN
| Q1 26 | — | — | ||
| Q4 25 | $135.0M | $-109.3M | ||
| Q3 25 | — | $256.2M | ||
| Q2 25 | — | $18.8M | ||
| Q1 25 | — | $-318.0M | ||
| Q4 24 | $147.5M | — | ||
| Q3 24 | — | $227.7M | ||
| Q2 24 | — | — |
自由现金流率CUZFUN
| Q1 26 | — | — | ||
| Q4 25 | 53.0% | -16.8% | ||
| Q3 25 | — | 19.4% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | -157.4% | ||
| Q4 24 | 65.5% | — | ||
| Q3 24 | — | 16.9% | ||
| Q2 24 | — | — |
资本支出强度CUZFUN
| Q1 26 | — | — | ||
| Q4 25 | 104.8% | 11.0% | ||
| Q3 25 | — | 7.6% | ||
| Q2 25 | — | 18.1% | ||
| Q1 25 | — | 69.3% | ||
| Q4 24 | 112.2% | — | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | — |
现金转化率CUZFUN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 14.03× | — | ||
| Q2 25 | 8.46× | — | ||
| Q1 25 | 2.14× | — | ||
| Q4 24 | 29.35× | — | ||
| Q3 24 | 10.48× | 3.04× | ||
| Q2 24 | 16.01× | — |
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
CUZ
| Rental Properties | $253.3M | 99% |
| Fee And Other Revenue | $1.7M | 1% |
| Other | $1.2M | 0% |
FUN
| In-park admissions revenues | $113.4M | 50% |
| In-park product revenues | $89.0M | 39% |
| Out-of-park revenues | $28.8M | 13% |
