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西蒙地产集团（ELS）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西蒙地产集团的1.6倍（$650.1M vs $397.6M）
西蒙地产集团是美国头部房地产投资信托企业，投资范围涵盖购物中心、奥特莱斯及社区生活中心等商业地产业态，是美国规模最大的购物中心持有方，总部位于印第安纳州印第安纳波利斯，截至2024年12月末共持有232处物业权益。
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。
ELS vs FUN — 直观对比
营收规模更大
FUN
是对方的1.6倍
$397.6M
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $397.6M | $650.1M |
| 净利润 | — | $-92.4M |
| 毛利率 | — | 91.4% |
| 营业利润率 | — | -3.8% |
| 净利率 | — | -14.2% |
| 营收同比 | 2.7% | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $0.56 | $-0.93 |
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ELSFUN
| Q1 26 | $397.6M | — | ||
| Q4 25 | $373.9M | $650.1M | ||
| Q3 25 | $393.3M | $1.3B | ||
| Q2 25 | $376.9M | $930.4M | ||
| Q1 25 | $387.3M | $202.1M | ||
| Q4 24 | $372.3M | — | ||
| Q3 24 | $387.3M | $1.3B | ||
| Q2 24 | $380.0M | $571.6M |
净利润ELSFUN
| Q1 26 | — | — | ||
| Q4 25 | $103.8M | $-92.4M | ||
| Q3 25 | $100.4M | $-1.2B | ||
| Q2 25 | $83.5M | $-99.6M | ||
| Q1 25 | $114.4M | $-219.7M | ||
| Q4 24 | $100.6M | — | ||
| Q3 24 | $86.9M | $111.0M | ||
| Q2 24 | $82.1M | $55.6M |
毛利率ELSFUN
| 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ELSFUN
| Q1 26 | — | — | ||
| Q4 25 | 26.5% | -3.8% | ||
| Q3 25 | 25.1% | -83.7% | ||
| Q2 25 | 22.3% | 8.0% | ||
| Q1 25 | 28.3% | -158.9% | ||
| Q4 24 | 27.2% | — | ||
| Q3 24 | 21.4% | 19.5% | ||
| Q2 24 | 21.5% | 21.6% |
净利率ELSFUN
| Q1 26 | — | — | ||
| Q4 25 | 27.8% | -14.2% | ||
| Q3 25 | 25.5% | -90.1% | ||
| Q2 25 | 22.2% | -10.7% | ||
| Q1 25 | 29.5% | -108.7% | ||
| Q4 24 | 27.0% | — | ||
| Q3 24 | 22.4% | 8.2% | ||
| Q2 24 | 21.6% | 9.7% |
每股收益（稀释后）ELSFUN
| Q1 26 | $0.56 | — | ||
| Q4 25 | $0.52 | $-0.93 | ||
| Q3 25 | $0.50 | $-11.77 | ||
| Q2 25 | $0.42 | $-0.99 | ||
| Q1 25 | $0.57 | $-2.20 | ||
| Q4 24 | $0.51 | — | ||
| Q3 24 | $0.44 | $1.10 | ||
| Q2 24 | $0.42 | — |
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 | — | $91.1M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $1.8B | $549.8M |
| 总资产 | $5.7M | $7.8B |
| 负债/权益比越低杠杆越低 | — | 9.40× |
8季度趋势，按日历期对齐
现金及短期投资ELSFUN
| Q1 26 | — | — | ||
| Q4 25 | — | $91.1M | ||
| Q3 25 | — | $70.7M | ||
| Q2 25 | — | $107.4M | ||
| Q1 25 | — | $61.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $89.7M | ||
| Q2 24 | — | $52.9M |
总债务ELSFUN
| Q1 26 | — | — | ||
| Q4 25 | $3.3B | $5.2B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $5.3B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $2.3B |
股东权益ELSFUN
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.8B | $549.8M | ||
| Q3 25 | $1.8B | $614.3M | ||
| Q2 25 | $1.7B | $1.8B | ||
| Q1 25 | $1.7B | $1.8B | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.4B | $2.3B | ||
| Q2 24 | $1.4B | — |
总资产ELSFUN
| Q1 26 | $5.7M | — | ||
| Q4 25 | $5.7B | $7.8B | ||
| Q3 25 | $5.7B | $7.9B | ||
| Q2 25 | $5.7B | $9.5B | ||
| Q1 25 | $5.6B | $9.2B | ||
| Q4 24 | $5.6B | — | ||
| Q3 24 | $5.6B | $9.4B | ||
| Q2 24 | $5.6B | $2.3B |
负债/权益比ELSFUN
| Q1 26 | — | — | ||
| Q4 25 | 1.91× | 9.40× | ||
| Q3 25 | — | 8.16× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | — | 2.75× | ||
| Q4 24 | 1.84× | — | ||
| 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 | — | $-37.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-109.3M |
| 自由现金流率自由现金流/营收 | — | -16.8% |
| 资本支出强度资本支出/营收 | — | 11.0% |
| 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 | — | $-152.2M |
8季度趋势，按日历期对齐
经营现金流ELSFUN
| Q1 26 | — | — | ||
| Q4 25 | $571.1M | $-37.7M | ||
| Q3 25 | $147.0M | $356.2M | ||
| Q2 25 | $131.3M | $187.0M | ||
| Q1 25 | $193.4M | $-178.0M | ||
| Q4 24 | $596.7M | — | ||
| Q3 24 | $149.5M | $337.4M | ||
| Q2 24 | $143.1M | — |
自由现金流ELSFUN
| Q1 26 | — | — | ||
| Q4 25 | $334.1M | $-109.3M | ||
| Q3 25 | $75.7M | $256.2M | ||
| Q2 25 | $71.8M | $18.8M | ||
| Q1 25 | $148.2M | $-318.0M | ||
| Q4 24 | $355.4M | — | ||
| Q3 24 | $91.1M | $227.7M | ||
| Q2 24 | $80.6M | — |
自由现金流率ELSFUN
| Q1 26 | — | — | ||
| Q4 25 | 89.4% | -16.8% | ||
| Q3 25 | 19.3% | 19.4% | ||
| Q2 25 | 19.1% | 2.0% | ||
| Q1 25 | 38.3% | -157.4% | ||
| Q4 24 | 95.5% | — | ||
| Q3 24 | 23.5% | 16.9% | ||
| Q2 24 | 21.2% | — |
资本支出强度ELSFUN
| Q1 26 | — | — | ||
| Q4 25 | 63.4% | 11.0% | ||
| Q3 25 | 18.1% | 7.6% | ||
| Q2 25 | 15.8% | 18.1% | ||
| Q1 25 | 11.7% | 69.3% | ||
| Q4 24 | 64.8% | — | ||
| Q3 24 | 15.1% | 8.1% | ||
| Q2 24 | 16.5% | — |
现金转化率ELSFUN
| Q1 26 | — | — | ||
| Q4 25 | 5.50× | — | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 1.57× | — | ||
| Q1 25 | 1.69× | — | ||
| Q4 24 | 5.93× | — | ||
| Q3 24 | 1.72× | 3.04× | ||
| Q2 24 | 1.74× | — |
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
ELS
| Rental income | $339.0M | 85% |
| Other | $37.2M | 9% |
| Annual membership subscriptions | $18.3M | 5% |
| Membership upgrade revenue | $3.1M | 1% |
FUN
| Admission | $327.4M | 50% |
| Food Merchandiseand Gaming | $205.7M | 32% |
| Accommodations Extra Charge Products And Other | $117.0M | 18% |
