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Figma, Inc.（FIG）与六旗（FUN）财务数据对比。点击上方公司名可切换其他公司
Figma, Inc.的季度营收约是六旗的1.2倍（$274.2M vs $225.6M），六旗净利率更高（-119.0% vs -400.1%，领先281.1%），Figma, Inc.同比增速更快（38.0% vs 11.7%）
Figma是主打界面设计的协作式网页应用，同时适配macOS与Windows桌面端，支持离线使用。产品聚焦UI/UX设计场景，内置矢量图形编辑、原型制作工具，主打多人实时协作，安卓及iOS移动端应用可支持用户在手机、平板上随时查看并交互预览设计原型。
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。
FIG vs FUN — 直观对比
营收规模更大
FIG
是对方的1.2倍
$225.6M
营收增速更快
FIG
高出26.4%
11.7%
净利率更高
FUN
高出281.1%
-400.1%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $274.2M | $225.6M |
| 净利润 | $-1.1B | $-268.6M |
| 毛利率 | 69.4% | — |
| 营业利润率 | -414.6% | — |
| 净利率 | -400.1% | -119.0% |
| 营收同比 | 38.0% | 11.7% |
| 净利润同比 | -6933.0% | -22.2% |
| 每股收益（稀释后） | $-2.72 | — |
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FIGFUN
| Q1 26 | — | $225.6M | ||
| Q4 25 | — | $650.1M | ||
| Q3 25 | $274.2M | $1.3B | ||
| Q2 25 | $249.6M | $930.4M | ||
| Q1 25 | — | $202.1M | ||
| Q3 24 | $198.6M | $1.3B | ||
| Q2 24 | $177.2M | $571.6M |
净利润FIGFUN
| Q1 26 | — | $-268.6M | ||
| Q4 25 | — | $-92.4M | ||
| Q3 25 | $-1.1B | $-1.2B | ||
| Q2 25 | $28.2M | $-99.6M | ||
| Q1 25 | — | $-219.7M | ||
| Q3 24 | $-15.6M | $111.0M | ||
| Q2 24 | $-827.9M | $55.6M |
毛利率FIGFUN
| Q1 26 | — | — | ||
| Q4 25 | — | 91.4% | ||
| Q3 25 | 69.4% | 91.6% | ||
| Q2 25 | 88.8% | 91.3% | ||
| Q1 25 | — | 89.3% | ||
| Q3 24 | 90.6% | 91.9% | ||
| Q2 24 | 77.7% | 90.7% |
营业利润率FIGFUN
| Q1 26 | — | — | ||
| Q4 25 | — | -3.8% | ||
| Q3 25 | -414.6% | -83.7% | ||
| Q2 25 | 0.8% | 8.0% | ||
| Q1 25 | — | -158.9% | ||
| Q3 24 | -23.8% | 19.5% | ||
| Q2 24 | -504.7% | 21.6% |
净利率FIGFUN
| Q1 26 | — | -119.0% | ||
| Q4 25 | — | -14.2% | ||
| Q3 25 | -400.1% | -90.1% | ||
| Q2 25 | 11.3% | -10.7% | ||
| Q1 25 | — | -108.7% | ||
| Q3 24 | -7.9% | 8.2% | ||
| Q2 24 | -467.2% | 9.7% |
每股收益（稀释后）FIGFUN
| Q1 26 | — | — | ||
| Q4 25 | — | $-0.93 | ||
| Q3 25 | $-2.72 | $-11.77 | ||
| Q2 25 | $0.00 | $-0.99 | ||
| Q1 25 | — | $-2.20 | ||
| Q3 24 | $-0.07 | $1.10 | ||
| Q2 24 | $-4.39 | — |
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 | $1.6B | $116.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.4B | $279.2M |
| 总资产 | $2.1B | $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FIGFUN
| Q1 26 | — | $116.5M | ||
| Q4 25 | — | $91.1M | ||
| Q3 25 | $1.6B | $70.7M | ||
| Q2 25 | $1.6B | $107.4M | ||
| Q1 25 | — | $61.5M | ||
| Q3 24 | $416.1M | $89.7M | ||
| Q2 24 | $586.1M | $52.9M |
总债务FIGFUN
| Q1 26 | — | — | ||
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $5.3B | ||
| Q1 25 | — | $5.0B | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $2.3B |
股东权益FIGFUN
| Q1 26 | — | $279.2M | ||
| Q4 25 | — | $549.8M | ||
| Q3 25 | $1.4B | $614.3M | ||
| Q2 25 | $1.4B | $1.8B | ||
| Q1 25 | — | $1.8B | ||
| Q3 24 | $1.2B | $2.3B | ||
| Q2 24 | $862.4M | — |
总资产FIGFUN
| Q1 26 | — | $7.7B | ||
| Q4 25 | — | $7.8B | ||
| Q3 25 | $2.1B | $7.9B | ||
| Q2 25 | $2.0B | $9.5B | ||
| Q1 25 | — | $9.2B | ||
| Q3 24 | — | $9.4B | ||
| Q2 24 | — | $2.3B |
负债/权益比FIGFUN
| Q1 26 | — | — | ||
| Q4 25 | — | 9.40× | ||
| Q3 25 | — | 8.16× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | — | 2.75× | ||
| 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 | $51.2M | — |
| 自由现金流经营现金流 - 资本支出 | $49.5M | — |
| 自由现金流率自由现金流/营收 | 18.0% | — |
| 资本支出强度资本支出/营收 | 0.6% | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流FIGFUN
| Q1 26 | — | — | ||
| Q4 25 | — | $-37.7M | ||
| Q3 25 | $51.2M | $356.2M | ||
| Q2 25 | — | $187.0M | ||
| Q1 25 | — | $-178.0M | ||
| Q3 24 | — | $337.4M | ||
| Q2 24 | — | — |
自由现金流FIGFUN
| Q1 26 | — | — | ||
| Q4 25 | — | $-109.3M | ||
| Q3 25 | $49.5M | $256.2M | ||
| Q2 25 | — | $18.8M | ||
| Q1 25 | — | $-318.0M | ||
| Q3 24 | — | $227.7M | ||
| Q2 24 | — | — |
自由现金流率FIGFUN
| Q1 26 | — | — | ||
| Q4 25 | — | -16.8% | ||
| Q3 25 | 18.0% | 19.4% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | -157.4% | ||
| Q3 24 | — | 16.9% | ||
| Q2 24 | — | — |
资本支出强度FIGFUN
| Q1 26 | — | — | ||
| Q4 25 | — | 11.0% | ||
| Q3 25 | 0.6% | 7.6% | ||
| Q2 25 | — | 18.1% | ||
| Q1 25 | — | 69.3% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | — |
现金转化率FIGFUN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| 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
FIG
| Non Us | $147.4M | 54% |
| US | $126.8M | 46% |
FUN
| In-park admissions revenues | $113.4M | 50% |
| In-park product revenues | $89.0M | 39% |
| Out-of-park revenues | $28.8M | 13% |
