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FMC CORP（FMC）与六旗（FUN）财务数据对比。点击上方公司名可切换其他公司
FMC CORP的季度营收约是六旗的1.7倍（$1.1B vs $650.1M），六旗净利率更高（-14.2% vs -158.8%，领先144.6%），FMC CORP自由现金流更多（$631.1M vs $-109.3M）
FMC公司是总部位于美国宾夕法尼亚州费城的化工制造企业，1883年创立之初以生产杀虫剂为主，后续逐步拓展业务至其他领域。二战期间曾为美国陆军部设计生产两栖履带登陆车，目前在全球拥有7000名员工，业务布局广泛。
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。
FMC vs FUN — 直观对比
营收规模更大
FMC
是对方的1.7倍
$650.1M
净利率更高
FUN
高出144.6%
-158.8%
自由现金流更多
FMC
多$740.4M
$-109.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $650.1M |
| 净利润 | $-1.7B | $-92.4M |
| 毛利率 | 39.8% | 91.4% |
| 营业利润率 | -130.8% | -3.8% |
| 净利率 | -158.8% | -14.2% |
| 营收同比 | -11.5% | — |
| 净利润同比 | -10457.1% | — |
| 每股收益（稀释后） | $-13.77 | $-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FMCFUN
| Q4 25 | $1.1B | $650.1M | ||
| Q3 25 | $542.2M | $1.3B | ||
| Q2 25 | $1.1B | $930.4M | ||
| Q1 25 | $791.4M | $202.1M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.0B | $571.6M | ||
| Q1 24 | $918.0M | — |
净利润FMCFUN
| Q4 25 | $-1.7B | $-92.4M | ||
| Q3 25 | $-569.3M | $-1.2B | ||
| Q2 25 | $66.7M | $-99.6M | ||
| Q1 25 | $-15.5M | $-219.7M | ||
| Q4 24 | $-16.3M | — | ||
| Q3 24 | $65.0M | $111.0M | ||
| Q2 24 | $295.1M | $55.6M | ||
| Q1 24 | $-2.7M | — |
毛利率FMCFUN
| Q4 25 | 39.8% | 91.4% | ||
| Q3 25 | 23.8% | 91.6% | ||
| Q2 25 | 38.7% | 91.3% | ||
| Q1 25 | 40.0% | 89.3% | ||
| Q4 24 | 42.9% | — | ||
| Q3 24 | 36.3% | 91.9% | ||
| Q2 24 | 38.3% | 90.7% | ||
| Q1 24 | 37.0% | — |
营业利润率FMCFUN
| Q4 25 | -130.8% | -3.8% | ||
| Q3 25 | -73.1% | -83.7% | ||
| Q2 25 | 12.0% | 8.0% | ||
| Q1 25 | 7.4% | -158.9% | ||
| Q4 24 | 19.2% | — | ||
| Q3 24 | 12.7% | 19.5% | ||
| Q2 24 | 6.0% | 21.6% | ||
| Q1 24 | 8.1% | — |
净利率FMCFUN
| Q4 25 | -158.8% | -14.2% | ||
| Q3 25 | -105.0% | -90.1% | ||
| Q2 25 | 6.3% | -10.7% | ||
| Q1 25 | -2.0% | -108.7% | ||
| Q4 24 | -1.3% | — | ||
| Q3 24 | 6.1% | 8.2% | ||
| Q2 24 | 28.4% | 9.7% | ||
| Q1 24 | -0.3% | — |
每股收益（稀释后）FMCFUN
| Q4 25 | $-13.77 | $-0.93 | ||
| Q3 25 | $-4.52 | $-11.77 | ||
| Q2 25 | $0.53 | $-0.99 | ||
| Q1 25 | $-0.12 | $-2.20 | ||
| Q4 24 | $-0.13 | — | ||
| Q3 24 | $0.52 | $1.10 | ||
| Q2 24 | $2.35 | — | ||
| Q1 24 | $-0.02 | — |
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 | $584.5M | $91.1M |
| 总债务越低越好 | $3.4B | $5.2B |
| 股东权益账面价值 | $2.1B | $549.8M |
| 总资产 | $9.7B | $7.8B |
| 负债/权益比越低杠杆越低 | 1.62× | 9.40× |
8季度趋势，按日历期对齐
现金及短期投资FMCFUN
| Q4 25 | $584.5M | $91.1M | ||
| Q3 25 | $497.7M | $70.7M | ||
| Q2 25 | $438.2M | $107.4M | ||
| Q1 25 | $315.3M | $61.5M | ||
| Q4 24 | $357.3M | — | ||
| Q3 24 | $416.7M | $89.7M | ||
| Q2 24 | $471.5M | $52.9M | ||
| Q1 24 | $417.8M | — |
总债务FMCFUN
| Q4 25 | $3.4B | $5.2B | ||
| Q3 25 | $3.4B | $5.0B | ||
| Q2 25 | $3.4B | $5.3B | ||
| Q1 25 | $3.1B | $5.0B | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.1B | $4.6B | ||
| Q2 24 | $3.1B | $2.3B | ||
| Q1 24 | $3.1B | — |
股东权益FMCFUN
| Q4 25 | $2.1B | $549.8M | ||
| Q3 25 | $3.8B | $614.3M | ||
| Q2 25 | $4.4B | $1.8B | ||
| Q1 25 | $4.4B | $1.8B | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.6B | $2.3B | ||
| Q2 24 | $4.6B | — | ||
| Q1 24 | $4.3B | — |
总资产FMCFUN
| Q4 25 | $9.7B | $7.8B | ||
| Q3 25 | $12.1B | $7.9B | ||
| Q2 25 | $12.3B | $9.5B | ||
| Q1 25 | $11.8B | $9.2B | ||
| Q4 24 | $11.7B | — | ||
| Q3 24 | $12.2B | $9.4B | ||
| Q2 24 | $12.1B | $2.3B | ||
| Q1 24 | $12.0B | — |
负债/权益比FMCFUN
| Q4 25 | 1.62× | 9.40× | ||
| Q3 25 | 0.89× | 8.16× | ||
| Q2 25 | 0.76× | 2.97× | ||
| Q1 25 | 0.71× | 2.75× | ||
| Q4 24 | 0.69× | — | ||
| Q3 24 | 0.68× | 1.95× | ||
| Q2 24 | 0.68× | — | ||
| Q1 24 | 0.72× | — |
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 | $657.1M | $-37.7M |
| 自由现金流经营现金流 - 资本支出 | $631.1M | $-109.3M |
| 自由现金流率自由现金流/营收 | 58.3% | -16.8% |
| 资本支出强度资本支出/营收 | 2.4% | 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 | $-102.5M | $-152.2M |
8季度趋势，按日历期对齐
经营现金流FMCFUN
| Q4 25 | $657.1M | $-37.7M | ||
| Q3 25 | $-184.2M | $356.2M | ||
| Q2 25 | $65.9M | $187.0M | ||
| Q1 25 | $-545.0M | $-178.0M | ||
| Q4 24 | $427.9M | — | ||
| Q3 24 | $159.5M | $337.4M | ||
| Q2 24 | $292.2M | — | ||
| Q1 24 | $-142.9M | — |
自由现金流FMCFUN
| Q4 25 | $631.1M | $-109.3M | ||
| Q3 25 | $-207.9M | $256.2M | ||
| Q2 25 | $50.9M | $18.8M | ||
| Q1 25 | $-576.6M | $-318.0M | ||
| Q4 24 | $406.3M | — | ||
| Q3 24 | $143.8M | $227.7M | ||
| Q2 24 | $282.3M | — | ||
| Q1 24 | $-163.6M | — |
自由现金流率FMCFUN
| Q4 25 | 58.3% | -16.8% | ||
| Q3 25 | -38.3% | 19.4% | ||
| Q2 25 | 4.8% | 2.0% | ||
| Q1 25 | -72.9% | -157.4% | ||
| Q4 24 | 33.2% | — | ||
| Q3 24 | 13.5% | 16.9% | ||
| Q2 24 | 27.2% | — | ||
| Q1 24 | -17.8% | — |
资本支出强度FMCFUN
| Q4 25 | 2.4% | 11.0% | ||
| Q3 25 | 4.4% | 7.6% | ||
| Q2 25 | 1.4% | 18.1% | ||
| Q1 25 | 4.0% | 69.3% | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 1.5% | 8.1% | ||
| Q2 24 | 1.0% | — | ||
| Q1 24 | 2.3% | — |
现金转化率FMCFUN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.99× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.45× | 3.04× | ||
| Q2 24 | 0.99× | — | ||
| Q1 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
FMC
| Insecticides | $440.3M | 41% |
| Herbicides | $378.8M | 35% |
| Fungicides | $140.4M | 13% |
| Plant Health | $65.6M | 6% |
| Other | $45.0M | 4% |
FUN
| Admission | $327.4M | 50% |
| Food Merchandiseand Gaming | $205.7M | 32% |
| Accommodations Extra Charge Products And Other | $117.0M | 18% |
