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六旗（FUN）与Hagerty, Inc.（HGTY）财务数据对比。点击上方公司名可切换其他公司
Hagerty, Inc.的季度营收约是六旗的1.7倍（$388.1M vs $225.6M），Hagerty, Inc.净利率更高（7.4% vs -119.0%，领先126.4%），Hagerty, Inc.同比增速更快（16.5% 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。
哈格蒂（Hagerty, Inc.）是美国知名汽车生活方式及会员服务企业，同时是全球规模最大的经典老爷车特种保险供应商，总部位于密歇根州特拉弗斯城，业务范围覆盖加拿大、德国及英国市场。
FUN vs HGTY — 直观对比
营收规模更大
HGTY
是对方的1.7倍
$225.6M
营收增速更快
HGTY
高出4.8%
11.7%
净利率更高
HGTY
高出126.4%
-119.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $225.6M | $388.1M |
| 净利润 | $-268.6M | $28.6M |
| 毛利率 | — | — |
| 营业利润率 | — | 10.2% |
| 净利率 | -119.0% | 7.4% |
| 营收同比 | 11.7% | 16.5% |
| 净利润同比 | -22.2% | 238.4% |
| 每股收益（稀释后） | — | — |
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FUNHGTY
| Q1 26 | $225.6M | — | ||
| Q4 25 | $650.1M | $388.1M | ||
| Q3 25 | $1.3B | $380.0M | ||
| Q2 25 | $930.4M | $368.7M | ||
| Q1 25 | $202.1M | $319.6M | ||
| Q4 24 | — | $333.2M | ||
| Q3 24 | $1.3B | $323.4M | ||
| Q2 24 | $571.6M | $313.2M |
净利润FUNHGTY
| Q1 26 | $-268.6M | — | ||
| Q4 25 | $-92.4M | $28.6M | ||
| Q3 25 | $-1.2B | $46.2M | ||
| Q2 25 | $-99.6M | $47.2M | ||
| Q1 25 | $-219.7M | $27.3M | ||
| Q4 24 | — | $8.4M | ||
| Q3 24 | $111.0M | $19.0M | ||
| Q2 24 | $55.6M | $42.7M |
毛利率FUNHGTY
| 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FUNHGTY
| Q1 26 | — | — | ||
| Q4 25 | -3.8% | 10.2% | ||
| Q3 25 | -83.7% | 9.0% | ||
| Q2 25 | 8.0% | 12.9% | ||
| Q1 25 | -158.9% | 8.1% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | 19.5% | 3.1% | ||
| Q2 24 | 21.6% | 12.2% |
净利率FUNHGTY
| Q1 26 | -119.0% | — | ||
| Q4 25 | -14.2% | 7.4% | ||
| Q3 25 | -90.1% | 12.2% | ||
| Q2 25 | -10.7% | 12.8% | ||
| Q1 25 | -108.7% | 8.5% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | 8.2% | 5.9% | ||
| Q2 24 | 9.7% | 13.6% |
每股收益（稀释后）FUNHGTY
| Q1 26 | — | — | ||
| Q4 25 | $-0.93 | — | ||
| Q3 25 | $-11.77 | — | ||
| Q2 25 | $-0.99 | — | ||
| Q1 25 | $-2.20 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $1.10 | — | ||
| Q2 24 | — | — |
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 | $160.2M |
| 总债务越低越好 | — | $177.9M |
| 股东权益账面价值 | $279.2M | $221.3M |
| 总资产 | $7.7B | $2.1B |
| 负债/权益比越低杠杆越低 | — | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资FUNHGTY
| Q1 26 | $116.5M | — | ||
| Q4 25 | $91.1M | $160.2M | ||
| Q3 25 | $70.7M | $290.5M | ||
| Q2 25 | $107.4M | $259.6M | ||
| Q1 25 | $61.5M | $232.7M | ||
| Q4 24 | — | $178.7M | ||
| Q3 24 | $89.7M | $208.9M | ||
| Q2 24 | $52.9M | $186.4M |
总债务FUNHGTY
| Q1 26 | — | — | ||
| Q4 25 | $5.2B | $177.9M | ||
| Q3 25 | $5.0B | $104.4M | ||
| Q2 25 | $5.3B | $153.4M | ||
| Q1 25 | $5.0B | $132.6M | ||
| Q4 24 | — | $105.8M | ||
| Q3 24 | $4.6B | $122.9M | ||
| Q2 24 | $2.3B | $98.0M |
股东权益FUNHGTY
| Q1 26 | $279.2M | — | ||
| Q4 25 | $549.8M | $221.3M | ||
| Q3 25 | $614.3M | $211.7M | ||
| Q2 25 | $1.8B | $172.3M | ||
| Q1 25 | $1.8B | $162.9M | ||
| Q4 24 | — | $150.3M | ||
| Q3 24 | $2.3B | $148.3M | ||
| Q2 24 | — | $94.4M |
总资产FUNHGTY
| Q1 26 | $7.7B | — | ||
| Q4 25 | $7.8B | $2.1B | ||
| Q3 25 | $7.9B | $2.2B | ||
| Q2 25 | $9.5B | $2.0B | ||
| Q1 25 | $9.2B | $1.8B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $9.4B | $1.8B | ||
| Q2 24 | $2.3B | $1.7B |
负债/权益比FUNHGTY
| Q1 26 | — | — | ||
| Q4 25 | 9.40× | 0.80× | ||
| Q3 25 | 8.16× | 0.49× | ||
| Q2 25 | 2.97× | 0.89× | ||
| Q1 25 | 2.75× | 0.81× | ||
| Q4 24 | — | 0.70× | ||
| Q3 24 | 1.95× | 0.83× | ||
| Q2 24 | — | 1.04× |
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 | — | $219.0M |
| 自由现金流经营现金流 - 资本支出 | — | $194.5M |
| 自由现金流率自由现金流/营收 | — | 50.1% |
| 资本支出强度资本支出/营收 | — | 6.3% |
| 现金转化率经营现金流/净利润 | — | 7.67× |
| 过去12个月自由现金流最近4个季度 | — | $365.8M |
8季度趋势，按日历期对齐
经营现金流FUNHGTY
| Q1 26 | — | — | ||
| Q4 25 | $-37.7M | $219.0M | ||
| Q3 25 | $356.2M | $92.2M | ||
| Q2 25 | $187.0M | $53.9M | ||
| Q1 25 | $-178.0M | $43.8M | ||
| Q4 24 | — | $177.0M | ||
| Q3 24 | $337.4M | $67.4M | ||
| Q2 24 | — | $64.0M |
自由现金流FUNHGTY
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | $194.5M | ||
| Q3 25 | $256.2M | $85.2M | ||
| Q2 25 | $18.8M | $47.7M | ||
| Q1 25 | $-318.0M | $38.4M | ||
| Q4 24 | — | $155.7M | ||
| Q3 24 | $227.7M | $62.0M | ||
| Q2 24 | — | $56.6M |
自由现金流率FUNHGTY
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | 50.1% | ||
| Q3 25 | 19.4% | 22.4% | ||
| Q2 25 | 2.0% | 12.9% | ||
| Q1 25 | -157.4% | 12.0% | ||
| Q4 24 | — | 46.7% | ||
| Q3 24 | 16.9% | 19.2% | ||
| Q2 24 | — | 18.1% |
资本支出强度FUNHGTY
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | 6.3% | ||
| Q3 25 | 7.6% | 1.8% | ||
| Q2 25 | 18.1% | 1.7% | ||
| Q1 25 | 69.3% | 1.7% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | 8.1% | 1.7% | ||
| Q2 24 | — | 2.4% |
现金转化率FUNHGTY
| Q1 26 | — | — | ||
| Q4 25 | — | 7.67× | ||
| Q3 25 | — | 2.00× | ||
| Q2 25 | — | 1.14× | ||
| Q1 25 | — | 1.61× | ||
| Q4 24 | — | 20.97× | ||
| Q3 24 | 3.04× | 3.55× | ||
| Q2 24 | — | 1.50× |
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% |
HGTY
暂无分部数据
