vs
FactSet（FDS）与六旗（FUN）财务数据对比。点击上方公司名可切换其他公司
FactSet的季度营收约是六旗的2.7倍（$607.6M vs $225.6M），FactSet净利率更高（25.1% vs -119.0%，领先144.2%），六旗同比增速更快（11.7% vs 6.9%）
FactSet是总部位于美国康涅狄格州诺沃克的金融数据与软件企业，为客户提供一体化数据及软件解决方案。2024财年，公司年度订阅价值与专业服务营收合计22亿美元，当前总市值约170亿美元。
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。
FDS vs FUN — 直观对比
营收规模更大
FDS
是对方的2.7倍
$225.6M
营收增速更快
FUN
高出4.8%
6.9%
净利率更高
FDS
高出144.2%
-119.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $607.6M | $225.6M |
| 净利润 | $152.6M | $-268.6M |
| 毛利率 | 52.6% | — |
| 营业利润率 | 31.6% | — |
| 净利率 | 25.1% | -119.0% |
| 营收同比 | 6.9% | 11.7% |
| 净利润同比 | 1.7% | -22.2% |
| 每股收益（稀释后） | $4.06 | — |
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FDSFUN
| Q1 26 | — | $225.6M | ||
| Q4 25 | $607.6M | $650.1M | ||
| Q3 25 | $596.9M | $1.3B | ||
| Q2 25 | $585.5M | $930.4M | ||
| Q1 25 | $570.7M | $202.1M | ||
| Q4 24 | $568.7M | — | ||
| Q3 24 | $562.2M | $1.3B | ||
| Q2 24 | $552.7M | $571.6M |
净利润FDSFUN
| Q1 26 | — | $-268.6M | ||
| Q4 25 | $152.6M | $-92.4M | ||
| Q3 25 | $153.6M | $-1.2B | ||
| Q2 25 | $148.5M | $-99.6M | ||
| Q1 25 | $144.9M | $-219.7M | ||
| Q4 24 | $150.0M | — | ||
| Q3 24 | $89.5M | $111.0M | ||
| Q2 24 | $158.1M | $55.6M |
毛利率FDSFUN
| Q1 26 | — | — | ||
| Q4 25 | 52.6% | 91.4% | ||
| Q3 25 | 51.6% | 91.6% | ||
| Q2 25 | 52.1% | 91.3% | ||
| Q1 25 | 52.8% | 89.3% | ||
| Q4 24 | 54.5% | — | ||
| Q3 24 | 54.1% | 91.9% | ||
| Q2 24 | 55.3% | 90.7% |
营业利润率FDSFUN
| Q1 26 | — | — | ||
| Q4 25 | 31.6% | -3.8% | ||
| Q3 25 | 29.7% | -83.7% | ||
| Q2 25 | 33.2% | 8.0% | ||
| Q1 25 | 32.5% | -158.9% | ||
| Q4 24 | 33.6% | — | ||
| Q3 24 | 22.7% | 19.5% | ||
| Q2 24 | 36.6% | 21.6% |
净利率FDSFUN
| Q1 26 | — | -119.0% | ||
| Q4 25 | 25.1% | -14.2% | ||
| Q3 25 | 25.7% | -90.1% | ||
| Q2 25 | 25.4% | -10.7% | ||
| Q1 25 | 25.4% | -108.7% | ||
| Q4 24 | 26.4% | — | ||
| Q3 24 | 15.9% | 8.2% | ||
| Q2 24 | 28.6% | 9.7% |
每股收益（稀释后）FDSFUN
| Q1 26 | — | — | ||
| Q4 25 | $4.06 | $-0.93 | ||
| Q3 25 | $4.03 | $-11.77 | ||
| Q2 25 | $3.87 | $-0.99 | ||
| Q1 25 | $3.76 | $-2.20 | ||
| Q4 24 | $3.89 | — | ||
| Q3 24 | $2.33 | $1.10 | ||
| Q2 24 | $4.09 | — |
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 | $292.7M | $116.5M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $2.2B | $279.2M |
| 总资产 | $4.2B | $7.7B |
| 负债/权益比越低杠杆越低 | 0.63× | — |
8季度趋势，按日历期对齐
现金及短期投资FDSFUN
| Q1 26 | — | $116.5M | ||
| Q4 25 | $292.7M | $91.1M | ||
| Q3 25 | $355.1M | $70.7M | ||
| Q2 25 | $364.0M | $107.4M | ||
| Q1 25 | $287.0M | $61.5M | ||
| Q4 24 | $358.8M | — | ||
| Q3 24 | $492.6M | $89.7M | ||
| Q2 24 | $522.0M | $52.9M |
总债务FDSFUN
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $5.2B | ||
| Q3 25 | $1.4B | $5.0B | ||
| Q2 25 | $1.4B | $5.3B | ||
| Q1 25 | $1.5B | $5.0B | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | $4.6B | ||
| Q2 24 | $1.4B | $2.3B |
股东权益FDSFUN
| Q1 26 | — | $279.2M | ||
| Q4 25 | $2.2B | $549.8M | ||
| Q3 25 | $2.2B | $614.3M | ||
| Q2 25 | $2.2B | $1.8B | ||
| Q1 25 | $2.1B | $1.8B | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $1.9B | $2.3B | ||
| Q2 24 | $1.9B | — |
总资产FDSFUN
| Q1 26 | — | $7.7B | ||
| Q4 25 | $4.2B | $7.8B | ||
| Q3 25 | $4.3B | $7.9B | ||
| Q2 25 | $4.3B | $9.5B | ||
| Q1 25 | $4.2B | $9.2B | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $4.1B | $9.4B | ||
| Q2 24 | $4.0B | $2.3B |
负债/权益比FDSFUN
| Q1 26 | — | — | ||
| Q4 25 | 0.63× | 9.40× | ||
| Q3 25 | 0.63× | 8.16× | ||
| Q2 25 | 0.66× | 2.97× | ||
| Q1 25 | 0.72× | 2.75× | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.71× | 1.95× | ||
| Q2 24 | 0.76× | — |
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 | $121.3M | — |
| 自由现金流经营现金流 - 资本支出 | $90.4M | — |
| 自由现金流率自由现金流/营收 | 14.9% | — |
| 资本支出强度资本支出/营收 | 5.1% | — |
| 现金转化率经营现金流/净利润 | 0.79× | — |
| 过去12个月自由现金流最近4个季度 | $647.4M | — |
8季度趋势，按日历期对齐
经营现金流FDSFUN
| Q1 26 | — | — | ||
| Q4 25 | $121.3M | $-37.7M | ||
| Q3 25 | $212.1M | $356.2M | ||
| Q2 25 | $253.8M | $187.0M | ||
| Q1 25 | $174.0M | $-178.0M | ||
| Q4 24 | $86.4M | — | ||
| Q3 24 | $163.2M | $337.4M | ||
| Q2 24 | $238.2M | — |
自由现金流FDSFUN
| Q1 26 | — | — | ||
| Q4 25 | $90.4M | $-109.3M | ||
| Q3 25 | $178.1M | $256.2M | ||
| Q2 25 | $228.6M | $18.8M | ||
| Q1 25 | $150.2M | $-318.0M | ||
| Q4 24 | $60.5M | — | ||
| Q3 24 | $137.2M | $227.7M | ||
| Q2 24 | $216.9M | — |
自由现金流率FDSFUN
| Q1 26 | — | — | ||
| Q4 25 | 14.9% | -16.8% | ||
| Q3 25 | 29.8% | 19.4% | ||
| Q2 25 | 39.0% | 2.0% | ||
| Q1 25 | 26.3% | -157.4% | ||
| Q4 24 | 10.6% | — | ||
| Q3 24 | 24.4% | 16.9% | ||
| Q2 24 | 39.2% | — |
资本支出强度FDSFUN
| Q1 26 | — | — | ||
| Q4 25 | 5.1% | 11.0% | ||
| Q3 25 | 5.7% | 7.6% | ||
| Q2 25 | 4.3% | 18.1% | ||
| Q1 25 | 4.2% | 69.3% | ||
| Q4 24 | 4.5% | — | ||
| Q3 24 | 4.6% | 8.1% | ||
| Q2 24 | 3.9% | — |
现金转化率FDSFUN
| Q1 26 | — | — | ||
| Q4 25 | 0.79× | — | ||
| Q3 25 | 1.38× | — | ||
| Q2 25 | 1.71× | — | ||
| Q1 25 | 1.20× | — | ||
| Q4 24 | 0.58× | — | ||
| Q3 24 | 1.82× | 3.04× | ||
| Q2 24 | 1.51× | — |
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
FDS
| Americas Segment | $399.7M | 66% |
| EMEA Segment | $149.1M | 25% |
| Asia Pacific Segment | $62.2M | 10% |
FUN
| In-park admissions revenues | $113.4M | 50% |
| In-park product revenues | $89.0M | 39% |
| Out-of-park revenues | $28.8M | 13% |
