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六旗（FUN）与罗宾汉（HOOD）财务数据对比。点击上方公司名可切换其他公司
罗宾汉的季度营收约是六旗的1.6倍（$1.1B vs $650.1M），罗宾汉净利率更高（32.4% vs -14.2%，领先46.6%）
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。
罗宾汉市场（Robinhood Markets, Inc.）是总部位于美国加利福尼亚州门洛帕克的金融服务企业，旗下电子交易平台支持股票、ETF、期权、期货、加密货币等品类交易，还提供加密货币钱包、财富管理、信用卡等金融服务，部分银行服务与FDIC投保银行合作推出，同时运营新闻网站Sherwood.News。
FUN vs HOOD — 直观对比
营收规模更大
HOOD
是对方的1.6倍
$650.1M
净利率更高
HOOD
高出46.6%
-14.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $1.1B |
| 净利润 | $-92.4M | $346.0M |
| 毛利率 | 91.4% | — |
| 营业利润率 | -3.8% | 38.5% |
| 净利率 | -14.2% | 32.4% |
| 营收同比 | — | 15.1% |
| 净利润同比 | — | 3.0% |
| 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FUNHOOD
| Q1 26 | — | $1.1B | ||
| Q4 25 | $650.1M | $1.3B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $930.4M | $989.0M | ||
| Q1 25 | $202.1M | $927.0M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | $1.3B | $637.0M | ||
| Q2 24 | $571.6M | $682.0M |
净利润FUNHOOD
| Q1 26 | — | $346.0M | ||
| Q4 25 | $-92.4M | $605.0M | ||
| Q3 25 | $-1.2B | $556.0M | ||
| Q2 25 | $-99.6M | $386.0M | ||
| Q1 25 | $-219.7M | $336.0M | ||
| Q4 24 | — | $916.0M | ||
| Q3 24 | $111.0M | $150.0M | ||
| Q2 24 | $55.6M | $188.0M |
毛利率FUNHOOD
| 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FUNHOOD
| Q1 26 | — | 38.5% | ||
| Q4 25 | -3.8% | 51.5% | ||
| Q3 25 | -83.7% | 49.8% | ||
| Q2 25 | 8.0% | 44.7% | ||
| Q1 25 | -158.9% | 40.0% | ||
| Q4 24 | — | 55.0% | ||
| Q3 24 | 19.5% | 24.0% | ||
| Q2 24 | 21.6% | 28.0% |
净利率FUNHOOD
| Q1 26 | — | 32.4% | ||
| Q4 25 | -14.2% | 47.2% | ||
| Q3 25 | -90.1% | 43.6% | ||
| Q2 25 | -10.7% | 39.0% | ||
| Q1 25 | -108.7% | 36.2% | ||
| Q4 24 | — | 90.3% | ||
| Q3 24 | 8.2% | 23.5% | ||
| Q2 24 | 9.7% | 27.6% |
每股收益（稀释后）FUNHOOD
| Q1 26 | — | $0.38 | ||
| Q4 25 | $-0.93 | $0.65 | ||
| Q3 25 | $-11.77 | $0.61 | ||
| Q2 25 | $-0.99 | $0.42 | ||
| Q1 25 | $-2.20 | $0.37 | ||
| Q4 24 | — | $1.00 | ||
| Q3 24 | $1.10 | $0.17 | ||
| Q2 24 | — | $0.21 |
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 | $5.0B |
| 总债务越低越好 | $5.2B | — |
| 股东权益账面价值 | $549.8M | $9.7B |
| 总资产 | $7.8B | $45.5B |
| 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FUNHOOD
| Q1 26 | — | $5.0B | ||
| Q4 25 | $91.1M | $4.3B | ||
| Q3 25 | $70.7M | $4.3B | ||
| Q2 25 | $107.4M | $4.2B | ||
| Q1 25 | $61.5M | $4.4B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | $89.7M | $4.6B | ||
| Q2 24 | $52.9M | $4.5B |
总债务FUNHOOD
| Q1 26 | — | — | ||
| 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 | — |
股东权益FUNHOOD
| Q1 26 | — | $9.7B | ||
| Q4 25 | $549.8M | $9.2B | ||
| Q3 25 | $614.3M | $8.6B | ||
| Q2 25 | $1.8B | $8.1B | ||
| Q1 25 | $1.8B | $8.0B | ||
| Q4 24 | — | $8.0B | ||
| Q3 24 | $2.3B | $7.2B | ||
| Q2 24 | — | $7.1B |
总资产FUNHOOD
| Q1 26 | — | $45.5B | ||
| Q4 25 | $7.8B | $38.1B | ||
| Q3 25 | $7.9B | $41.5B | ||
| Q2 25 | $9.5B | $35.3B | ||
| Q1 25 | $9.2B | $27.5B | ||
| Q4 24 | — | $26.2B | ||
| Q3 24 | $9.4B | $43.2B | ||
| Q2 24 | $2.3B | $41.3B |
负债/权益比FUNHOOD
| Q1 26 | — | — | ||
| Q4 25 | 9.40× | — | ||
| Q3 25 | 8.16× | — | ||
| Q2 25 | 2.97× | — | ||
| Q1 25 | 2.75× | — | ||
| Q4 24 | — | — | ||
| 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 | $-37.7M | $2.0B |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | — |
| 自由现金流率自由现金流/营收 | -16.8% | — |
| 资本支出强度资本支出/营收 | 11.0% | — |
| 现金转化率经营现金流/净利润 | — | 5.89× |
| 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FUNHOOD
| Q1 26 | — | $2.0B | ||
| Q4 25 | $-37.7M | $-937.0M | ||
| Q3 25 | $356.2M | $-1.6B | ||
| Q2 25 | $187.0M | $3.5B | ||
| Q1 25 | $-178.0M | $642.0M | ||
| Q4 24 | — | $-1.4B | ||
| Q3 24 | $337.4M | $1.8B | ||
| Q2 24 | — | $54.0M |
自由现金流FUNHOOD
| 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FUNHOOD
| 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FUNHOOD
| 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FUNHOOD
| Q1 26 | — | 5.89× | ||
| Q4 25 | — | -1.55× | ||
| Q3 25 | — | -2.83× | ||
| Q2 25 | — | 9.09× | ||
| Q1 25 | — | 1.91× | ||
| Q4 24 | — | -1.53× | ||
| Q3 24 | 3.04× | 12.08× | ||
| Q2 24 | — | 0.29× |
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% |
HOOD
| Net interest | $359.0M | 34% |
| Options | $260.0M | 24% |
| Other transaction | $147.0M | 14% |
| Cryptocurrencies | $134.0M | 13% |
| Other revenues | $85.0M | 8% |
| Equities | $82.0M | 8% |
