vs
六旗（FUN）与史克威尔艾尼克斯（GAME）财务数据对比。点击上方公司名可切换其他公司
史克威尔艾尼克斯净利率更高（949.3% vs -14.2%，领先963.5%）。史克威尔艾尼克斯自由现金流更多（$-1.1M vs $-109.3M）
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。
史克威尔艾尼克斯控股是日本跨国控股企业，也是知名的电子游戏发行商与娱乐集团。核心业务涵盖角色扮演游戏开发发行，代表作包括《最终幻想》《勇者斗恶龙》《王国之心》等知名IP，业务还延伸至周边商品、线下街机场馆及Gangan Comics品牌的漫画出版领域。
FUN vs GAME — 直观对比
营收规模更大
FUN
是对方的-198.3倍
$-3.3M
净利率更高
GAME
高出963.5%
-14.2%
自由现金流更多
GAME
多$108.1M
$-109.3M
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $-3.3M |
| 净利润 | $-92.4M | $-31.1M |
| 毛利率 | 91.4% | — |
| 营业利润率 | -3.8% | 335.6% |
| 净利率 | -14.2% | 949.3% |
| 营收同比 | — | 81.1% |
| 净利润同比 | — | -17.9% |
| 每股收益（稀释后） | $-0.93 | $-0.38 |
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FUNGAME
| Q4 25 | $650.1M | $-3.3M | ||
| Q3 25 | $1.3B | $11.3M | ||
| Q2 25 | $930.4M | $15.9M | ||
| Q1 25 | $202.1M | $21.1M | ||
| Q4 24 | — | $-17.3M | ||
| Q3 24 | $1.3B | $9.3M | ||
| Q2 24 | $571.6M | $17.8M | ||
| Q1 24 | — | $17.7M |
净利润FUNGAME
| Q4 25 | $-92.4M | $-31.1M | ||
| Q3 25 | $-1.2B | $-808.4K | ||
| Q2 25 | $-99.6M | $-3.0M | ||
| Q1 25 | $-219.7M | $-5.2M | ||
| Q4 24 | — | $-26.4M | ||
| Q3 24 | $111.0M | $-5.5M | ||
| Q2 24 | $55.6M | $-11.6M | ||
| Q1 24 | — | $-5.3M |
毛利率FUNGAME
| Q4 25 | 91.4% | — | ||
| Q3 25 | 91.6% | 49.4% | ||
| Q2 25 | 91.3% | 15.3% | ||
| Q1 25 | 89.3% | 15.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | 91.9% | 45.3% | ||
| Q2 24 | 90.7% | 14.1% | ||
| Q1 24 | — | 19.1% |
营业利润率FUNGAME
| Q4 25 | -3.8% | 335.6% | ||
| Q3 25 | -83.7% | -21.2% | ||
| Q2 25 | 8.0% | -29.8% | ||
| Q1 25 | -158.9% | -33.7% | ||
| Q4 24 | — | 108.4% | ||
| Q3 24 | 19.5% | -33.8% | ||
| Q2 24 | 21.6% | -34.6% | ||
| Q1 24 | — | -35.4% |
净利率FUNGAME
| Q4 25 | -14.2% | 949.3% | ||
| Q3 25 | -90.1% | -7.1% | ||
| Q2 25 | -10.7% | -19.0% | ||
| Q1 25 | -108.7% | -24.4% | ||
| Q4 24 | — | 152.4% | ||
| Q3 24 | 8.2% | -58.9% | ||
| Q2 24 | 9.7% | -65.1% | ||
| Q1 24 | — | -29.7% |
每股收益（稀释后）FUNGAME
| Q4 25 | $-0.93 | $-0.38 | ||
| Q3 25 | $-11.77 | $-0.01 | ||
| Q2 25 | $-0.99 | $-0.08 | ||
| Q1 25 | $-2.20 | $-0.14 | ||
| Q4 24 | — | $-0.89 | ||
| Q3 24 | $1.10 | $-0.18 | ||
| Q2 24 | — | $-0.38 | ||
| Q1 24 | — | $-0.30 |
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 | $91.1M | — |
| 总债务越低越好 | $5.2B | — |
| 股东权益账面价值 | $549.8M | $35.7M |
| 总资产 | $7.8B | $79.3M |
| 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FUNGAME
| Q4 25 | $91.1M | — | ||
| Q3 25 | $70.7M | — | ||
| Q2 25 | $107.4M | — | ||
| Q1 25 | $61.5M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $89.7M | — | ||
| Q2 24 | $52.9M | — | ||
| Q1 24 | — | — |
总债务FUNGAME
| Q4 25 | $5.2B | — | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $5.3B | — | ||
| Q1 25 | $5.0B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | — | — |
股东权益FUNGAME
| Q4 25 | $549.8M | $35.7M | ||
| Q3 25 | $614.3M | $78.7M | ||
| Q2 25 | $1.8B | $-5.5M | ||
| Q1 25 | $1.8B | $10.5M | ||
| Q4 24 | — | $12.0M | ||
| Q3 24 | $2.3B | $40.5M | ||
| Q2 24 | — | $42.3M | ||
| Q1 24 | — | $38.5M |
总资产FUNGAME
| Q4 25 | $7.8B | $79.3M | ||
| Q3 25 | $7.9B | $121.1M | ||
| Q2 25 | $9.5B | $44.1M | ||
| Q1 25 | $9.2B | $67.8M | ||
| Q4 24 | — | $78.7M | ||
| Q3 24 | $9.4B | $101.1M | ||
| Q2 24 | $2.3B | $105.5M | ||
| Q1 24 | — | $101.9M |
负债/权益比FUNGAME
| 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 | $-37.7M | $-1.1M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | $-1.1M |
| 自由现金流率自由现金流/营收 | -16.8% | 34.9% |
| 资本支出强度资本支出/营收 | 11.0% | -0.0% |
| 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 | $-152.2M | — |
8季度趋势，按日历期对齐
经营现金流FUNGAME
| Q4 25 | $-37.7M | $-1.1M | ||
| Q3 25 | $356.2M | $-10.4M | ||
| Q2 25 | $187.0M | $1.7M | ||
| Q1 25 | $-178.0M | $-8.6M | ||
| Q4 24 | — | $-5.2M | ||
| Q3 24 | $337.4M | $-7.8M | ||
| Q2 24 | — | $-9.6M | ||
| Q1 24 | — | $-8.0M |
自由现金流FUNGAME
| Q4 25 | $-109.3M | $-1.1M | ||
| Q3 25 | $256.2M | — | ||
| Q2 25 | $18.8M | $1.7M | ||
| Q1 25 | $-318.0M | $-8.7M | ||
| Q4 24 | — | — | ||
| Q3 24 | $227.7M | $-7.8M | ||
| Q2 24 | — | $-9.6M | ||
| Q1 24 | — | $-8.0M |
自由现金流率FUNGAME
| Q4 25 | -16.8% | 34.9% | ||
| Q3 25 | 19.4% | — | ||
| Q2 25 | 2.0% | 10.7% | ||
| Q1 25 | -157.4% | -41.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | 16.9% | -83.4% | ||
| Q2 24 | — | -53.8% | ||
| Q1 24 | — | -45.2% |
资本支出强度FUNGAME
| Q4 25 | 11.0% | -0.0% | ||
| Q3 25 | 7.6% | 0.0% | ||
| Q2 25 | 18.1% | 0.0% | ||
| Q1 25 | 69.3% | 0.4% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | 8.1% | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.0% |
现金转化率FUNGAME
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.04× | — | ||
| Q2 24 | — | — | ||
| 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
FUN
| Admission | $327.4M | 50% |
| Food Merchandiseand Gaming | $205.7M | 32% |
| Accommodations Extra Charge Products And Other | $117.0M | 18% |
GAME
暂无分部数据
