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Emerald Holding, Inc.（EEX）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Emerald Holding, Inc.的1.7倍（$225.6M vs $132.7M），Emerald Holding, Inc.净利率更高（-22.8% vs -119.0%，领先96.3%），Emerald Holding, Inc.同比增速更快（24.3% vs 11.7%）
TVS Emerald Haven地产有限公司是一家印度房地产开发企业，总部位于泰米尔纳德邦金奈，为TVS控股旗下子公司，专注于打造可持续居住社区以及各类城市开发项目，在印度本土房地产业务领域拥有清晰的业务定位。
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。
EEX vs FUN — 直观对比
营收规模更大
FUN
是对方的1.7倍
$132.7M
营收增速更快
EEX
高出12.6%
11.7%
净利率更高
EEX
高出96.3%
-119.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $132.7M | $225.6M |
| 净利润 | $-30.2M | $-268.6M |
| 毛利率 | — | — |
| 营业利润率 | -11.8% | — |
| 净利率 | -22.8% | -119.0% |
| 营收同比 | 24.3% | 11.7% |
| 净利润同比 | -692.2% | -22.2% |
| 每股收益（稀释后） | $-0.15 | — |
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EEXFUN
| Q1 26 | — | $225.6M | ||
| Q4 25 | $132.7M | $650.1M | ||
| Q3 25 | $77.5M | $1.3B | ||
| Q2 25 | $105.5M | $930.4M | ||
| Q1 25 | $147.7M | $202.1M | ||
| Q4 24 | $106.8M | — | ||
| Q3 24 | $72.6M | $1.3B | ||
| Q2 24 | $86.0M | $571.6M |
净利润EEXFUN
| Q1 26 | — | $-268.6M | ||
| Q4 25 | $-30.2M | $-92.4M | ||
| Q3 25 | $-14.4M | $-1.2B | ||
| Q2 25 | $-1.4M | $-99.6M | ||
| Q1 25 | $15.3M | $-219.7M | ||
| Q4 24 | $5.1M | — | ||
| Q3 24 | $-11.1M | $111.0M | ||
| Q2 24 | $-2.8M | $55.6M |
毛利率EEXFUN
| 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EEXFUN
| Q1 26 | — | — | ||
| Q4 25 | -11.8% | -3.8% | ||
| Q3 25 | -10.1% | -83.7% | ||
| Q2 25 | 9.7% | 8.0% | ||
| Q1 25 | 24.2% | -158.9% | ||
| Q4 24 | 19.5% | — | ||
| Q3 24 | -6.5% | 19.5% | ||
| Q2 24 | 7.4% | 21.6% |
净利率EEXFUN
| Q1 26 | — | -119.0% | ||
| Q4 25 | -22.8% | -14.2% | ||
| Q3 25 | -18.6% | -90.1% | ||
| Q2 25 | -1.3% | -10.7% | ||
| Q1 25 | 10.4% | -108.7% | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | -15.3% | 8.2% | ||
| Q2 24 | -3.3% | 9.7% |
每股收益（稀释后）EEXFUN
| Q1 26 | — | — | ||
| Q4 25 | $-0.15 | $-0.93 | ||
| Q3 25 | $-0.07 | $-11.77 | ||
| Q2 25 | $-0.01 | $-0.99 | ||
| Q1 25 | $0.08 | $-2.20 | ||
| Q4 24 | $0.01 | — | ||
| Q3 24 | $-0.05 | $1.10 | ||
| Q2 24 | $-0.03 | — |
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 | $100.9M | $116.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $338.8M | $279.2M |
| 总资产 | $1.2B | $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EEXFUN
| Q1 26 | — | $116.5M | ||
| Q4 25 | $100.9M | $91.1M | ||
| Q3 25 | $95.4M | $70.7M | ||
| Q2 25 | $156.4M | $107.4M | ||
| Q1 25 | $276.8M | $61.5M | ||
| Q4 24 | $194.8M | — | ||
| Q3 24 | $188.9M | $89.7M | ||
| Q2 24 | $193.2M | $52.9M |
总债务EEXFUN
| 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EEXFUN
| Q1 26 | — | $279.2M | ||
| Q4 25 | $338.8M | $549.8M | ||
| Q3 25 | $369.5M | $614.3M | ||
| Q2 25 | $389.4M | $1.8B | ||
| Q1 25 | $392.1M | $1.8B | ||
| Q4 24 | $385.9M | — | ||
| Q3 24 | $391.1M | $2.3B | ||
| Q2 24 | $407.6M | — |
总资产EEXFUN
| Q1 26 | — | $7.7B | ||
| Q4 25 | $1.2B | $7.8B | ||
| Q3 25 | $1.2B | $7.9B | ||
| Q2 25 | $1.2B | $9.5B | ||
| Q1 25 | $1.2B | $9.2B | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.1B | $9.4B | ||
| Q2 24 | $1.1B | $2.3B |
负债/权益比EEXFUN
| 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 | $12.3M | — |
| 自由现金流经营现金流 - 资本支出 | $11.7M | — |
| 自由现金流率自由现金流/营收 | 8.8% | — |
| 资本支出强度资本支出/营收 | 0.5% | — |
| 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 | $41.4M | — |
8季度趋势，按日历期对齐
经营现金流EEXFUN
| Q1 26 | — | — | ||
| Q4 25 | $12.3M | $-37.7M | ||
| Q3 25 | $1.8M | $356.2M | ||
| Q2 25 | $15.9M | $187.0M | ||
| Q1 25 | $12.6M | $-178.0M | ||
| Q4 24 | $20.6M | — | ||
| Q3 24 | $9.1M | $337.4M | ||
| Q2 24 | $9.8M | — |
自由现金流EEXFUN
| Q1 26 | — | — | ||
| Q4 25 | $11.7M | $-109.3M | ||
| Q3 25 | $1.5M | $256.2M | ||
| Q2 25 | $15.8M | $18.8M | ||
| Q1 25 | $12.4M | $-318.0M | ||
| Q4 24 | $19.9M | — | ||
| Q3 24 | $9.0M | $227.7M | ||
| Q2 24 | $9.6M | — |
自由现金流率EEXFUN
| Q1 26 | — | — | ||
| Q4 25 | 8.8% | -16.8% | ||
| Q3 25 | 1.9% | 19.4% | ||
| Q2 25 | 15.0% | 2.0% | ||
| Q1 25 | 8.4% | -157.4% | ||
| Q4 24 | 18.6% | — | ||
| Q3 24 | 12.4% | 16.9% | ||
| Q2 24 | 11.2% | — |
资本支出强度EEXFUN
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 11.0% | ||
| Q3 25 | 0.4% | 7.6% | ||
| Q2 25 | 0.1% | 18.1% | ||
| Q1 25 | 0.1% | 69.3% | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 0.1% | 8.1% | ||
| Q2 24 | 0.2% | — |
现金转化率EEXFUN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.82× | — | ||
| Q4 24 | 4.04× | — | ||
| 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
EEX
| Connections Segment | $121.9M | 92% |
| Commerce Segment | $5.5M | 4% |
| Content | $5.3M | 4% |
FUN
| In-park admissions revenues | $113.4M | 50% |
| In-park product revenues | $89.0M | 39% |
| Out-of-park revenues | $28.8M | 13% |
