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Douglas Elliman Inc.（DOUG）与六旗（FUN）财务数据对比。点击上方公司名可切换其他公司
Douglas Elliman Inc.的季度营收约是六旗的1.1倍（$245.4M vs $225.6M），Douglas Elliman Inc.净利率更高（27.9% vs -119.0%，领先147.0%），六旗同比增速更快（11.7% vs 0.9%）
Douglas Elliman Inc.是美国领先的住宅房地产经纪企业，提供高端房产买卖、租赁、物业管理及相关咨询服务，核心业务覆盖纽约、加州、佛罗里达、得克萨斯等都会区，主要服务高净值客户群体。
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。
DOUG vs FUN — 直观对比
营收规模更大
DOUG
是对方的1.1倍
$225.6M
营收增速更快
FUN
高出10.8%
0.9%
净利率更高
DOUG
高出147.0%
-119.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $245.4M | $225.6M |
| 净利润 | $68.6M | $-268.6M |
| 毛利率 | — | — |
| 营业利润率 | 27.3% | — |
| 净利率 | 27.9% | -119.0% |
| 营收同比 | 0.9% | 11.7% |
| 净利润同比 | 1243.4% | -22.2% |
| 每股收益（稀释后） | $0.80 | — |
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DOUGFUN
| Q1 26 | — | $225.6M | ||
| Q4 25 | $245.4M | $650.1M | ||
| Q3 25 | $262.8M | $1.3B | ||
| Q2 25 | $271.4M | $930.4M | ||
| Q1 25 | $253.4M | $202.1M | ||
| Q4 24 | $243.3M | — | ||
| Q3 24 | $266.3M | $1.3B | ||
| Q2 24 | $285.8M | $571.6M |
净利润DOUGFUN
| Q1 26 | — | $-268.6M | ||
| Q4 25 | $68.6M | $-92.4M | ||
| Q3 25 | $-24.7M | $-1.2B | ||
| Q2 25 | $-22.7M | $-99.6M | ||
| Q1 25 | $-6.0M | $-219.7M | ||
| Q4 24 | $-6.0M | — | ||
| Q3 24 | $-27.2M | $111.0M | ||
| Q2 24 | $-1.7M | $55.6M |
毛利率DOUGFUN
| 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DOUGFUN
| Q1 26 | — | — | ||
| Q4 25 | 27.3% | -3.8% | ||
| Q3 25 | -4.1% | -83.7% | ||
| Q2 25 | -2.0% | 8.0% | ||
| Q1 25 | -2.1% | -158.9% | ||
| Q4 24 | -6.7% | — | ||
| Q3 24 | -2.8% | 19.5% | ||
| Q2 24 | -1.3% | 21.6% |
净利率DOUGFUN
| Q1 26 | — | -119.0% | ||
| Q4 25 | 27.9% | -14.2% | ||
| Q3 25 | -9.4% | -90.1% | ||
| Q2 25 | -8.4% | -10.7% | ||
| Q1 25 | -2.4% | -108.7% | ||
| Q4 24 | -2.5% | — | ||
| Q3 24 | -10.2% | 8.2% | ||
| Q2 24 | -0.6% | 9.7% |
每股收益（稀释后）DOUGFUN
| Q1 26 | — | — | ||
| Q4 25 | $0.80 | $-0.93 | ||
| Q3 25 | $-0.29 | $-11.77 | ||
| Q2 25 | $-0.27 | $-0.99 | ||
| Q1 25 | $-0.07 | $-2.20 | ||
| Q4 24 | $-0.06 | — | ||
| Q3 24 | $-0.33 | $1.10 | ||
| Q2 24 | $-0.02 | — |
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 | $115.5M | $116.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $183.9M | $279.2M |
| 总资产 | $444.4M | $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DOUGFUN
| Q1 26 | — | $116.5M | ||
| Q4 25 | $115.5M | $91.1M | ||
| Q3 25 | $143.0M | $70.7M | ||
| Q2 25 | $136.3M | $107.4M | ||
| Q1 25 | $136.8M | $61.5M | ||
| Q4 24 | $145.5M | — | ||
| Q3 24 | $151.4M | $89.7M | ||
| Q2 24 | $92.9M | $52.9M |
总债务DOUGFUN
| 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DOUGFUN
| Q1 26 | — | $279.2M | ||
| Q4 25 | $183.9M | $549.8M | ||
| Q3 25 | $115.1M | $614.3M | ||
| Q2 25 | $137.6M | $1.8B | ||
| Q1 25 | $158.2M | $1.8B | ||
| Q4 24 | $162.2M | — | ||
| Q3 24 | $173.6M | $2.3B | ||
| Q2 24 | $196.9M | — |
总资产DOUGFUN
| Q1 26 | — | $7.7B | ||
| Q4 25 | $444.4M | $7.8B | ||
| Q3 25 | $480.6M | $7.9B | ||
| Q2 25 | $489.0M | $9.5B | ||
| Q1 25 | $493.9M | $9.2B | ||
| Q4 24 | $493.9M | — | ||
| Q3 24 | $502.7M | $9.4B | ||
| Q2 24 | $463.9M | $2.3B |
负债/权益比DOUGFUN
| 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 | $-14.4M | — |
| 自由现金流经营现金流 - 资本支出 | $-14.7M | — |
| 自由现金流率自由现金流/营收 | -6.0% | — |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 现金转化率经营现金流/净利润 | -0.21× | — |
| 过去12个月自由现金流最近4个季度 | $-17.2M | — |
8季度趋势，按日历期对齐
经营现金流DOUGFUN
| Q1 26 | — | — | ||
| Q4 25 | $-14.4M | $-37.7M | ||
| Q3 25 | $5.5M | $356.2M | ||
| Q2 25 | $642.0K | $187.0M | ||
| Q1 25 | $-5.6M | $-178.0M | ||
| Q4 24 | $-9.0M | — | ||
| Q3 24 | $9.0M | $337.4M | ||
| Q2 24 | $1.3M | — |
自由现金流DOUGFUN
| Q1 26 | — | — | ||
| Q4 25 | $-14.7M | $-109.3M | ||
| Q3 25 | $4.7M | $256.2M | ||
| Q2 25 | $-575.0K | $18.8M | ||
| Q1 25 | $-6.7M | $-318.0M | ||
| Q4 24 | $-10.2M | — | ||
| Q3 24 | $7.7M | $227.7M | ||
| Q2 24 | $432.0K | — |
自由现金流率DOUGFUN
| Q1 26 | — | — | ||
| Q4 25 | -6.0% | -16.8% | ||
| Q3 25 | 1.8% | 19.4% | ||
| Q2 25 | -0.2% | 2.0% | ||
| Q1 25 | -2.6% | -157.4% | ||
| Q4 24 | -4.2% | — | ||
| Q3 24 | 2.9% | 16.9% | ||
| Q2 24 | 0.2% | — |
资本支出强度DOUGFUN
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 11.0% | ||
| Q3 25 | 0.3% | 7.6% | ||
| Q2 25 | 0.4% | 18.1% | ||
| Q1 25 | 0.4% | 69.3% | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.5% | 8.1% | ||
| Q2 24 | 0.3% | — |
现金转化率DOUGFUN
| Q1 26 | — | — | ||
| Q4 25 | -0.21× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.04× | ||
| Q2 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
DOUG
| Commissions And Other Brokerage Income | $240.3M | 98% |
| Property Management Income | $2.8M | 1% |
| Property Management | $2.2M | 1% |
FUN
| In-park admissions revenues | $113.4M | 50% |
| In-park product revenues | $89.0M | 39% |
| Out-of-park revenues | $28.8M | 13% |
