vs
六旗（FUN）与GREENLIGHT CAPITAL RE, LTD.（GLRE）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GREENLIGHT CAPITAL RE, LTD.的1.1倍（$225.6M vs $210.3M），GREENLIGHT CAPITAL RE, LTD.净利率更高（23.4% vs -119.0%，领先142.5%），GREENLIGHT CAPITAL RE, LTD.同比增速更快（48.3% vs 11.7%）
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。
绿光资本再保险有限公司关联的绿光资本是1996年由大卫·艾因霍恩创立的美国对冲基金，主要投资北美公开交易的企业债务产品与股票，因2008年雷曼兄弟破产前做空其股票、2012年1月在英国因内幕交易被罚1100万美元而受到市场关注，艾因霍恩至今仍担任该基金管理人。
FUN vs GLRE — 直观对比
营收规模更大
FUN
是对方的1.1倍
$210.3M
营收增速更快
GLRE
高出36.6%
11.7%
净利率更高
GLRE
高出142.5%
-119.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $225.6M | $210.3M |
| 净利润 | $-268.6M | $49.3M |
| 毛利率 | — | — |
| 营业利润率 | — | — |
| 净利率 | -119.0% | 23.4% |
| 营收同比 | 11.7% | 48.3% |
| 净利润同比 | -22.2% | 279.7% |
| 每股收益（稀释后） | — | $1.43 |
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FUNGLRE
| Q1 26 | $225.6M | — | ||
| Q4 25 | $650.1M | $210.3M | ||
| Q3 25 | $1.3B | $146.1M | ||
| Q2 25 | $930.4M | $160.1M | ||
| Q1 25 | $202.1M | $213.3M | ||
| Q4 24 | — | $141.8M | ||
| Q3 24 | $1.3B | $188.0M | ||
| Q2 24 | $571.6M | $174.9M |
净利润FUNGLRE
| Q1 26 | $-268.6M | — | ||
| Q4 25 | $-92.4M | $49.3M | ||
| Q3 25 | $-1.2B | $-4.4M | ||
| Q2 25 | $-99.6M | $329.0K | ||
| Q1 25 | $-219.7M | $29.6M | ||
| Q4 24 | — | $-27.4M | ||
| Q3 24 | $111.0M | $35.2M | ||
| Q2 24 | $55.6M | $8.0M |
毛利率FUNGLRE
| Q1 26 | — | — | ||
| Q4 25 | 91.4% | — | ||
| Q3 25 | 91.6% | — | ||
| Q2 25 | 91.3% | — | ||
| Q1 25 | 89.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 91.9% | — | ||
| Q2 24 | 90.7% | — |
营业利润率FUNGLRE
| Q1 26 | — | — | ||
| Q4 25 | -3.8% | — | ||
| Q3 25 | -83.7% | — | ||
| Q2 25 | 8.0% | — | ||
| Q1 25 | -158.9% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 19.5% | — | ||
| Q2 24 | 21.6% | — |
净利率FUNGLRE
| Q1 26 | -119.0% | — | ||
| Q4 25 | -14.2% | 23.4% | ||
| Q3 25 | -90.1% | -3.0% | ||
| Q2 25 | -10.7% | 0.2% | ||
| Q1 25 | -108.7% | 13.9% | ||
| Q4 24 | — | -19.3% | ||
| Q3 24 | 8.2% | 18.7% | ||
| Q2 24 | 9.7% | 4.6% |
每股收益（稀释后）FUNGLRE
| Q1 26 | — | — | ||
| Q4 25 | $-0.93 | $1.43 | ||
| Q3 25 | $-11.77 | $-0.13 | ||
| Q2 25 | $-0.99 | $0.01 | ||
| Q1 25 | $-2.20 | $0.86 | ||
| Q4 24 | — | $-0.78 | ||
| Q3 24 | $1.10 | $1.01 | ||
| Q2 24 | — | $0.23 |
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 | $116.5M | $111.8M |
| 总债务越低越好 | — | $4.7M |
| 股东权益账面价值 | $279.2M | $708.0M |
| 总资产 | $7.7B | $2.2B |
| 负债/权益比越低杠杆越低 | — | 0.01× |
8季度趋势，按日历期对齐
现金及短期投资FUNGLRE
| Q1 26 | $116.5M | — | ||
| Q4 25 | $91.1M | $111.8M | ||
| Q3 25 | $70.7M | $68.8M | ||
| Q2 25 | $107.4M | $82.4M | ||
| Q1 25 | $61.5M | $47.5M | ||
| Q4 24 | — | $64.7M | ||
| Q3 24 | $89.7M | $54.6M | ||
| Q2 24 | $52.9M | $52.2M |
总债务FUNGLRE
| Q1 26 | — | — | ||
| Q4 25 | $5.2B | $4.7M | ||
| Q3 25 | $5.0B | $34.7M | ||
| Q2 25 | $5.3B | $58.9M | ||
| Q1 25 | $5.0B | $59.8M | ||
| Q4 24 | — | $60.7M | ||
| Q3 24 | $4.6B | $62.6M | ||
| Q2 24 | $2.3B | $61.6M |
股东权益FUNGLRE
| Q1 26 | $279.2M | — | ||
| Q4 25 | $549.8M | $708.0M | ||
| Q3 25 | $614.3M | $658.9M | ||
| Q2 25 | $1.8B | $663.3M | ||
| Q1 25 | $1.8B | $666.8M | ||
| Q4 24 | — | $635.9M | ||
| Q3 24 | $2.3B | $663.4M | ||
| Q2 24 | — | $634.0M |
总资产FUNGLRE
| Q1 26 | $7.7B | — | ||
| Q4 25 | $7.8B | $2.2B | ||
| Q3 25 | $7.9B | $2.1B | ||
| Q2 25 | $9.5B | $2.2B | ||
| Q1 25 | $9.2B | $2.2B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | $9.4B | $2.0B | ||
| Q2 24 | $2.3B | $1.9B |
负债/权益比FUNGLRE
| Q1 26 | — | — | ||
| Q4 25 | 9.40× | 0.01× | ||
| Q3 25 | 8.16× | 0.05× | ||
| Q2 25 | 2.97× | 0.09× | ||
| Q1 25 | 2.75× | 0.09× | ||
| Q4 24 | — | 0.10× | ||
| Q3 24 | 1.95× | 0.09× | ||
| Q2 24 | — | 0.10× |
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 | — | $100.2M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 2.03× |
| 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FUNGLRE
| Q1 26 | — | — | ||
| Q4 25 | $-37.7M | $100.2M | ||
| Q3 25 | $356.2M | $31.2M | ||
| Q2 25 | $187.0M | $68.4M | ||
| Q1 25 | $-178.0M | $10.4M | ||
| Q4 24 | — | $29.5M | ||
| Q3 24 | $337.4M | $41.3M | ||
| Q2 24 | — | $22.7M |
自由现金流FUNGLRE
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | — | ||
| Q3 25 | $256.2M | — | ||
| Q2 25 | $18.8M | — | ||
| Q1 25 | $-318.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $227.7M | — | ||
| Q2 24 | — | — |
自由现金流率FUNGLRE
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | — | ||
| Q3 25 | 19.4% | — | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | -157.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 16.9% | — | ||
| Q2 24 | — | — |
资本支出强度FUNGLRE
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | — | ||
| Q3 25 | 7.6% | — | ||
| Q2 25 | 18.1% | — | ||
| Q1 25 | 69.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.1% | — | ||
| Q2 24 | — | — |
现金转化率FUNGLRE
| Q1 26 | — | — | ||
| Q4 25 | — | 2.03× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 208.02× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.04× | 1.17× | ||
| Q2 24 | — | 2.85× |
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
| In-park admissions revenues | $113.4M | 50% |
| In-park product revenues | $89.0M | 39% |
| Out-of-park revenues | $28.8M | 13% |
GLRE
| Other | $124.7M | 59% |
| Innovations | $85.6M | 41% |
