vs
Fair Isaac（FICO）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Fair Isaac的1.3倍（$650.1M vs $512.0M），Fair Isaac净利率更高（30.9% vs -14.2%，领先45.1%），Fair Isaac自由现金流更多（$173.9M vs $-109.3M）
FICO（原Fair, Isaac and Company）是美国知名数据分析企业，1956年由比尔·费尔与厄尔·艾萨克创立，总部位于蒙大拿州博兹曼市，核心业务为信用评分服务，其推出的FICO信用分是评估消费者信贷风险的重要指标，目前已被美国消费信贷行业广泛采用。
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。
FICO vs FUN — 直观对比
营收规模更大
FUN
是对方的1.3倍
$512.0M
净利率更高
FICO
高出45.1%
-14.2%
自由现金流更多
FICO
多$283.1M
$-109.3M
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $512.0M | $650.1M |
| 净利润 | $158.4M | $-92.4M |
| 毛利率 | 83.0% | 91.4% |
| 营业利润率 | 45.7% | -3.8% |
| 净利率 | 30.9% | -14.2% |
| 营收同比 | 16.4% | — |
| 净利润同比 | 3.8% | — |
| 每股收益（稀释后） | $6.61 | $-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FICOFUN
| Q4 25 | $512.0M | $650.1M | ||
| Q3 25 | $515.8M | $1.3B | ||
| Q2 25 | $536.4M | $930.4M | ||
| Q1 25 | $498.7M | $202.1M | ||
| Q4 24 | $440.0M | — | ||
| Q3 24 | $453.8M | $1.3B | ||
| Q2 24 | $447.8M | $571.6M | ||
| Q1 24 | $433.8M | — |
净利润FICOFUN
| Q4 25 | $158.4M | $-92.4M | ||
| Q3 25 | $155.0M | $-1.2B | ||
| Q2 25 | $181.8M | $-99.6M | ||
| Q1 25 | $162.6M | $-219.7M | ||
| Q4 24 | $152.5M | — | ||
| Q3 24 | $135.7M | $111.0M | ||
| Q2 24 | $126.3M | $55.6M | ||
| Q1 24 | $129.8M | — |
毛利率FICOFUN
| Q4 25 | 83.0% | 91.4% | ||
| Q3 25 | 82.3% | 91.6% | ||
| Q2 25 | 83.7% | 91.3% | ||
| Q1 25 | 82.4% | 89.3% | ||
| Q4 24 | 80.1% | — | ||
| Q3 24 | 80.3% | 91.9% | ||
| Q2 24 | 80.3% | 90.7% | ||
| Q1 24 | 80.0% | — |
营业利润率FICOFUN
| Q4 25 | 45.7% | -3.8% | ||
| Q3 25 | 46.0% | -83.7% | ||
| Q2 25 | 48.9% | 8.0% | ||
| Q1 25 | 49.3% | -158.9% | ||
| Q4 24 | 40.8% | — | ||
| Q3 24 | 43.4% | 19.5% | ||
| Q2 24 | 42.5% | 21.6% | ||
| Q1 24 | 44.9% | — |
净利率FICOFUN
| Q4 25 | 30.9% | -14.2% | ||
| Q3 25 | 30.1% | -90.1% | ||
| Q2 25 | 33.9% | -10.7% | ||
| Q1 25 | 32.6% | -108.7% | ||
| Q4 24 | 34.7% | — | ||
| Q3 24 | 29.9% | 8.2% | ||
| Q2 24 | 28.2% | 9.7% | ||
| Q1 24 | 29.9% | — |
每股收益（稀释后）FICOFUN
| Q4 25 | $6.61 | $-0.93 | ||
| Q3 25 | $6.41 | $-11.77 | ||
| Q2 25 | $7.40 | $-0.99 | ||
| Q1 25 | $6.59 | $-2.20 | ||
| Q4 24 | $6.14 | — | ||
| Q3 24 | $5.44 | $1.10 | ||
| Q2 24 | $5.05 | — | ||
| Q1 24 | $5.16 | — |
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 | $162.0M | $91.1M |
| 总债务越低越好 | $3.2B | $5.2B |
| 股东权益账面价值 | $-1.8B | $549.8M |
| 总资产 | $1.9B | $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FICOFUN
| Q4 25 | $162.0M | $91.1M | ||
| Q3 25 | $134.1M | $70.7M | ||
| Q2 25 | $189.0M | $107.4M | ||
| Q1 25 | $146.6M | $61.5M | ||
| Q4 24 | $184.3M | — | ||
| Q3 24 | $150.7M | $89.7M | ||
| Q2 24 | $156.0M | $52.9M | ||
| Q1 24 | $135.7M | — |
总债务FICOFUN
| Q4 25 | $3.2B | $5.2B | ||
| Q3 25 | $3.1B | $5.0B | ||
| Q2 25 | $2.8B | $5.3B | ||
| Q1 25 | $2.5B | $5.0B | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.2B | $4.6B | ||
| Q2 24 | $2.1B | $2.3B | ||
| Q1 24 | $2.0B | — |
股东权益FICOFUN
| Q4 25 | $-1.8B | $549.8M | ||
| Q3 25 | $-1.7B | $614.3M | ||
| Q2 25 | $-1.4B | $1.8B | ||
| Q1 25 | $-1.1B | $1.8B | ||
| Q4 24 | $-1.1B | — | ||
| Q3 24 | $-962.7M | $2.3B | ||
| Q2 24 | $-829.3M | — | ||
| Q1 24 | $-735.7M | — |
总资产FICOFUN
| Q4 25 | $1.9B | $7.8B | ||
| Q3 25 | $1.9B | $7.9B | ||
| Q2 25 | $1.9B | $9.5B | ||
| Q1 25 | $1.8B | $9.2B | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | $9.4B | ||
| Q2 24 | $1.7B | $2.3B | ||
| Q1 24 | $1.7B | — |
负债/权益比FICOFUN
| Q4 25 | — | 9.40× | ||
| Q3 25 | — | 8.16× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | — | 2.75× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.95× | ||
| Q2 24 | — | — | ||
| Q1 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 | $174.1M | $-37.7M |
| 自由现金流经营现金流 - 资本支出 | $173.9M | $-109.3M |
| 自由现金流率自由现金流/营收 | 34.0% | -16.8% |
| 资本支出强度资本支出/营收 | 0.0% | 11.0% |
| 现金转化率经营现金流/净利润 | 1.10× | — |
| 过去12个月自由现金流最近4个季度 | $750.6M | $-152.2M |
8季度趋势，按日历期对齐
经营现金流FICOFUN
| Q4 25 | $174.1M | $-37.7M | ||
| Q3 25 | $223.7M | $356.2M | ||
| Q2 25 | $286.2M | $187.0M | ||
| Q1 25 | $74.9M | $-178.0M | ||
| Q4 24 | $194.0M | — | ||
| Q3 24 | $226.5M | $337.4M | ||
| Q2 24 | $213.3M | — | ||
| Q1 24 | $71.0M | — |
自由现金流FICOFUN
| Q4 25 | $173.9M | $-109.3M | ||
| Q3 25 | $219.5M | $256.2M | ||
| Q2 25 | $284.4M | $18.8M | ||
| Q1 25 | $72.8M | $-318.0M | ||
| Q4 24 | $193.2M | — | ||
| Q3 24 | $224.7M | $227.7M | ||
| Q2 24 | $211.6M | — | ||
| Q1 24 | $67.0M | — |
自由现金流率FICOFUN
| Q4 25 | 34.0% | -16.8% | ||
| Q3 25 | 42.6% | 19.4% | ||
| Q2 25 | 53.0% | 2.0% | ||
| Q1 25 | 14.6% | -157.4% | ||
| Q4 24 | 43.9% | — | ||
| Q3 24 | 49.5% | 16.9% | ||
| Q2 24 | 47.2% | — | ||
| Q1 24 | 15.4% | — |
资本支出强度FICOFUN
| Q4 25 | 0.0% | 11.0% | ||
| Q3 25 | 0.8% | 7.6% | ||
| Q2 25 | 0.3% | 18.1% | ||
| Q1 25 | 0.4% | 69.3% | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.4% | 8.1% | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 0.9% | — |
现金转化率FICOFUN
| Q4 25 | 1.10× | — | ||
| Q3 25 | 1.44× | — | ||
| Q2 25 | 1.57× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 1.27× | — | ||
| Q3 24 | 1.67× | 3.04× | ||
| Q2 24 | 1.69× | — | ||
| Q1 24 | 0.55× | — |
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
FICO
| Business To Business Scores | $248.6M | 49% |
| Saa S Products | $115.7M | 23% |
| Platform Software | $73.9M | 14% |
| Business To Consumer Scores | $55.9M | 11% |
| Technology Service | $19.2M | 4% |
FUN
| Admission | $327.4M | 50% |
| Food Merchandiseand Gaming | $205.7M | 32% |
| Accommodations Extra Charge Products And Other | $117.0M | 18% |
