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Elastic N.V.（ESTC）与六旗（FUN）财务数据对比。点击上方公司名可切换其他公司
Elastic N.V.的季度营收约是六旗的1.9倍（$423.5M vs $225.6M），Elastic N.V.净利率更高（-12.1% vs -119.0%，领先106.9%），Elastic N.V.同比增速更快（15.9% vs 11.7%）
Elastic是荷美合资软件企业，2012年成立于荷兰阿姆斯特丹，运营总部分设于荷兰及美国加利福尼亚州旧金山市，于纽交所上市。公司提供企业级搜索、可观测性、网络安全平台，可支持用户实现大规模数据搜索分析、系统性能监测及异常检测。
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。
ESTC vs FUN — 直观对比
营收规模更大
ESTC
是对方的1.9倍
$225.6M
营收增速更快
ESTC
高出4.2%
11.7%
净利率更高
ESTC
高出106.9%
-119.0%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $423.5M | $225.6M |
| 净利润 | $-51.3M | $-268.6M |
| 毛利率 | 75.9% | — |
| 营业利润率 | -1.9% | — |
| 净利率 | -12.1% | -119.0% |
| 营收同比 | 15.9% | 11.7% |
| 净利润同比 | -101.5% | -22.2% |
| 每股收益（稀释后） | $-0.48 | — |
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ESTCFUN
| Q1 26 | — | $225.6M | ||
| Q4 25 | $423.5M | $650.1M | ||
| Q3 25 | $415.3M | $1.3B | ||
| Q2 25 | $388.4M | $930.4M | ||
| Q1 25 | $382.1M | $202.1M | ||
| Q4 24 | $365.4M | — | ||
| Q3 24 | $347.4M | $1.3B | ||
| Q2 24 | $335.0M | $571.6M |
净利润ESTCFUN
| Q1 26 | — | $-268.6M | ||
| Q4 25 | $-51.3M | $-92.4M | ||
| Q3 25 | $-24.6M | $-1.2B | ||
| Q2 25 | $-16.4M | $-99.6M | ||
| Q1 25 | $-17.1M | $-219.7M | ||
| Q4 24 | $-25.4M | — | ||
| Q3 24 | $-49.2M | $111.0M | ||
| Q2 24 | $-41.1M | $55.6M |
毛利率ESTCFUN
| Q1 26 | — | — | ||
| Q4 25 | 75.9% | 91.4% | ||
| Q3 25 | 76.7% | 91.6% | ||
| Q2 25 | 74.8% | 91.3% | ||
| Q1 25 | 74.6% | 89.3% | ||
| Q4 24 | 74.5% | — | ||
| Q3 24 | 73.6% | 91.9% | ||
| Q2 24 | 73.8% | 90.7% |
营业利润率ESTCFUN
| Q1 26 | — | — | ||
| Q4 25 | -1.9% | -3.8% | ||
| Q3 25 | -2.3% | -83.7% | ||
| Q2 25 | -3.1% | 8.0% | ||
| Q1 25 | -1.2% | -158.9% | ||
| Q4 24 | -1.2% | — | ||
| Q3 24 | -9.7% | 19.5% | ||
| Q2 24 | -13.6% | 21.6% |
净利率ESTCFUN
| Q1 26 | — | -119.0% | ||
| Q4 25 | -12.1% | -14.2% | ||
| Q3 25 | -5.9% | -90.1% | ||
| Q2 25 | -4.2% | -10.7% | ||
| Q1 25 | -4.5% | -108.7% | ||
| Q4 24 | -7.0% | — | ||
| Q3 24 | -14.2% | 8.2% | ||
| Q2 24 | -12.3% | 9.7% |
每股收益（稀释后）ESTCFUN
| Q1 26 | — | — | ||
| Q4 25 | $-0.48 | $-0.93 | ||
| Q3 25 | $-0.23 | $-11.77 | ||
| Q2 25 | $-0.15 | $-0.99 | ||
| Q1 25 | $-0.16 | $-2.20 | ||
| Q4 24 | $-0.25 | — | ||
| Q3 24 | $-0.48 | $1.10 | ||
| Q2 24 | $-0.35 | — |
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 | $1.4B | $116.5M |
| 总债务越低越好 | $570.3M | — |
| 股东权益账面价值 | $891.1M | $279.2M |
| 总资产 | $2.5B | $7.7B |
| 负债/权益比越低杠杆越低 | 0.64× | — |
8季度趋势，按日历期对齐
现金及短期投资ESTCFUN
| Q1 26 | — | $116.5M | ||
| Q4 25 | $1.4B | $91.1M | ||
| Q3 25 | $1.5B | $70.7M | ||
| Q2 25 | $1.4B | $107.4M | ||
| Q1 25 | $584.0M | $61.5M | ||
| Q4 24 | $658.5M | — | ||
| Q3 24 | $594.9M | $89.7M | ||
| Q2 24 | $1.1B | $52.9M |
总债务ESTCFUN
| Q1 26 | — | — | ||
| Q4 25 | $570.3M | $5.2B | ||
| Q3 25 | $570.0M | $5.0B | ||
| Q2 25 | $569.7M | $5.3B | ||
| Q1 25 | $569.4M | $5.0B | ||
| Q4 24 | $569.2M | — | ||
| Q3 24 | $568.9M | $4.6B | ||
| Q2 24 | $568.6M | $2.3B |
股东权益ESTCFUN
| Q1 26 | — | $279.2M | ||
| Q4 25 | $891.1M | $549.8M | ||
| Q3 25 | $971.4M | $614.3M | ||
| Q2 25 | $927.2M | $1.8B | ||
| Q1 25 | $859.1M | $1.8B | ||
| Q4 24 | $811.5M | — | ||
| Q3 24 | $759.4M | $2.3B | ||
| Q2 24 | $738.2M | — |
总资产ESTCFUN
| Q1 26 | — | $7.7B | ||
| Q4 25 | $2.5B | $7.8B | ||
| Q3 25 | $2.5B | $7.9B | ||
| Q2 25 | $2.6B | $9.5B | ||
| Q1 25 | $2.3B | $9.2B | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.2B | $9.4B | ||
| Q2 24 | $2.2B | $2.3B |
负债/权益比ESTCFUN
| Q1 26 | — | — | ||
| Q4 25 | 0.64× | 9.40× | ||
| Q3 25 | 0.59× | 8.16× | ||
| Q2 25 | 0.61× | 2.97× | ||
| Q1 25 | 0.66× | 2.75× | ||
| Q4 24 | 0.70× | — | ||
| Q3 24 | 0.75× | 1.95× | ||
| Q2 24 | 0.77× | — |
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 | $26.6M | — |
| 自由现金流经营现金流 - 资本支出 | $26.0M | — |
| 自由现金流率自由现金流/营收 | 6.1% | — |
| 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 | — | — |
| 过去12个月自由现金流最近4个季度 | $302.3M | — |
8季度趋势，按日历期对齐
经营现金流ESTCFUN
| Q1 26 | — | — | ||
| Q4 25 | $26.6M | $-37.7M | ||
| Q3 25 | $104.8M | $356.2M | ||
| Q2 25 | $87.0M | $187.0M | ||
| Q1 25 | $88.1M | $-178.0M | ||
| Q4 24 | $38.4M | — | ||
| Q3 24 | $52.8M | $337.4M | ||
| Q2 24 | $60.9M | — |
自由现金流ESTCFUN
| Q1 26 | — | — | ||
| Q4 25 | $26.0M | $-109.3M | ||
| Q3 25 | $104.2M | $256.2M | ||
| Q2 25 | $84.9M | $18.8M | ||
| Q1 25 | $87.3M | $-318.0M | ||
| Q4 24 | $37.7M | — | ||
| Q3 24 | $52.0M | $227.7M | ||
| Q2 24 | $60.1M | — |
自由现金流率ESTCFUN
| Q1 26 | — | — | ||
| Q4 25 | 6.1% | -16.8% | ||
| Q3 25 | 25.1% | 19.4% | ||
| Q2 25 | 21.8% | 2.0% | ||
| Q1 25 | 22.8% | -157.4% | ||
| Q4 24 | 10.3% | — | ||
| Q3 24 | 15.0% | 16.9% | ||
| Q2 24 | 17.9% | — |
资本支出强度ESTCFUN
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 11.0% | ||
| Q3 25 | 0.2% | 7.6% | ||
| Q2 25 | 0.5% | 18.1% | ||
| Q1 25 | 0.2% | 69.3% | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.2% | 8.1% | ||
| Q2 24 | 0.3% | — |
现金转化率ESTCFUN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| 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
ESTC
| Self Managed Subscription | $192.0M | 45% |
| Saa S Self Managed Annual | $156.9M | 37% |
| Saa S Self Managed Monthly | $48.8M | 12% |
| Professional Services | $25.8M | 6% |
FUN
| In-park admissions revenues | $113.4M | 50% |
| In-park product revenues | $89.0M | 39% |
| Out-of-park revenues | $28.8M | 13% |
