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六旗（FUN）与IBEX Ltd（IBEX）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IBEX Ltd的1.4倍（$225.6M vs $164.2M），IBEX Ltd净利率更高（7.4% vs -119.0%，领先126.5%），IBEX Ltd同比增速更快（16.7% 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。
IBEX 35是西班牙主要交易所马德里证券交易所的基准股票指数，该指数始创于1992年，由西班牙证券市场集团BME旗下的交易所公司负责计算与管理。它以市值加权编制，涵盖马德里证券交易所流动性最高的35只西班牙股票，每年进行两次成分股调整。
FUN vs IBEX — 直观对比
营收规模更大
FUN
是对方的1.4倍
$164.2M
营收增速更快
IBEX
高出5.1%
11.7%
净利率更高
IBEX
高出126.5%
-119.0%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $225.6M | $164.2M |
| 净利润 | $-268.6M | $12.2M |
| 毛利率 | — | — |
| 营业利润率 | — | 9.3% |
| 净利率 | -119.0% | 7.4% |
| 营收同比 | 11.7% | 16.7% |
| 净利润同比 | -22.2% | 31.8% |
| 每股收益（稀释后） | — | $0.83 |
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FUNIBEX
| Q1 26 | $225.6M | — | ||
| Q4 25 | $650.1M | $164.2M | ||
| Q3 25 | $1.3B | $151.2M | ||
| Q2 25 | $930.4M | $147.1M | ||
| Q1 25 | $202.1M | $140.7M | ||
| Q4 24 | — | $140.7M | ||
| Q3 24 | $1.3B | $129.7M | ||
| Q2 24 | $571.6M | $124.5M |
净利润FUNIBEX
| Q1 26 | $-268.6M | — | ||
| Q4 25 | $-92.4M | $12.2M | ||
| Q3 25 | $-1.2B | $12.0M | ||
| Q2 25 | $-99.6M | $9.6M | ||
| Q1 25 | $-219.7M | $10.5M | ||
| Q4 24 | — | $9.3M | ||
| Q3 24 | $111.0M | $7.5M | ||
| Q2 24 | $55.6M | $9.8M |
毛利率FUNIBEX
| 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FUNIBEX
| Q1 26 | — | — | ||
| Q4 25 | -3.8% | 9.3% | ||
| Q3 25 | -83.7% | 9.1% | ||
| Q2 25 | 8.0% | 8.3% | ||
| Q1 25 | -158.9% | 9.5% | ||
| Q4 24 | — | 8.5% | ||
| Q3 24 | 19.5% | 7.0% | ||
| Q2 24 | 21.6% | 10.3% |
净利率FUNIBEX
| Q1 26 | -119.0% | — | ||
| Q4 25 | -14.2% | 7.4% | ||
| Q3 25 | -90.1% | 8.0% | ||
| Q2 25 | -10.7% | 6.5% | ||
| Q1 25 | -108.7% | 7.4% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | 8.2% | 5.8% | ||
| Q2 24 | 9.7% | 7.9% |
每股收益（稀释后）FUNIBEX
| Q1 26 | — | — | ||
| Q4 25 | $-0.93 | $0.83 | ||
| Q3 25 | $-11.77 | $0.82 | ||
| Q2 25 | $-0.99 | $0.63 | ||
| Q1 25 | $-2.20 | $0.73 | ||
| Q4 24 | — | $0.57 | ||
| Q3 24 | $1.10 | $0.43 | ||
| Q2 24 | — | $0.55 |
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 | $15.5M |
| 总债务越低越好 | — | $594.0K |
| 股东权益账面价值 | $279.2M | $154.5M |
| 总资产 | $7.7B | $295.8M |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资FUNIBEX
| Q1 26 | $116.5M | — | ||
| Q4 25 | $91.1M | $15.5M | ||
| Q3 25 | $70.7M | $22.7M | ||
| Q2 25 | $107.4M | $15.3M | ||
| Q1 25 | $61.5M | $13.0M | ||
| Q4 24 | — | $20.2M | ||
| Q3 24 | $89.7M | $62.3M | ||
| Q2 24 | $52.9M | $62.7M |
总债务FUNIBEX
| Q1 26 | — | — | ||
| Q4 25 | $5.2B | $594.0K | ||
| Q3 25 | $5.0B | $726.0K | ||
| Q2 25 | $5.3B | $796.0K | ||
| Q1 25 | $5.0B | $735.0K | ||
| Q4 24 | — | $695.0K | ||
| Q3 24 | $4.6B | $802.0K | ||
| Q2 24 | $2.3B | $867.0K |
股东权益FUNIBEX
| Q1 26 | $279.2M | — | ||
| Q4 25 | $549.8M | $154.5M | ||
| Q3 25 | $614.3M | $143.6M | ||
| Q2 25 | $1.8B | $134.3M | ||
| Q1 25 | $1.8B | $124.2M | ||
| Q4 24 | — | $108.9M | ||
| Q3 24 | $2.3B | $171.1M | ||
| Q2 24 | — | $165.8M |
总资产FUNIBEX
| Q1 26 | $7.7B | — | ||
| Q4 25 | $7.8B | $295.8M | ||
| Q3 25 | $7.9B | $283.9M | ||
| Q2 25 | $9.5B | $273.2M | ||
| Q1 25 | $9.2B | $274.7M | ||
| Q4 24 | — | $272.5M | ||
| Q3 24 | $9.4B | $306.3M | ||
| Q2 24 | $2.3B | $293.9M |
负债/权益比FUNIBEX
| Q1 26 | — | — | ||
| Q4 25 | 9.40× | 0.00× | ||
| Q3 25 | 8.16× | 0.01× | ||
| Q2 25 | 2.97× | 0.01× | ||
| Q1 25 | 2.75× | 0.01× | ||
| Q4 24 | — | 0.01× | ||
| Q3 24 | 1.95× | 0.00× | ||
| Q2 24 | — | 0.01× |
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 | — | $6.6M |
| 自由现金流经营现金流 - 资本支出 | — | $-5.1M |
| 自由现金流率自由现金流/营收 | — | -3.1% |
| 资本支出强度资本支出/营收 | — | 7.1% |
| 现金转化率经营现金流/净利润 | — | 0.54× |
| 过去12个月自由现金流最近4个季度 | — | $29.3M |
8季度趋势，按日历期对齐
经营现金流FUNIBEX
| Q1 26 | — | — | ||
| Q4 25 | $-37.7M | $6.6M | ||
| Q3 25 | $356.2M | $15.7M | ||
| Q2 25 | $187.0M | $27.9M | ||
| Q1 25 | $-178.0M | $8.8M | ||
| Q4 24 | — | $1.1M | ||
| Q3 24 | $337.4M | $7.8M | ||
| Q2 24 | — | $17.4M |
自由现金流FUNIBEX
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | $-5.1M | ||
| Q3 25 | $256.2M | $8.0M | ||
| Q2 25 | $18.8M | $22.8M | ||
| Q1 25 | $-318.0M | $3.6M | ||
| Q4 24 | — | $-3.2M | ||
| Q3 24 | $227.7M | $4.1M | ||
| Q2 24 | — | $15.2M |
自由现金流率FUNIBEX
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | -3.1% | ||
| Q3 25 | 19.4% | 5.3% | ||
| Q2 25 | 2.0% | 15.5% | ||
| Q1 25 | -157.4% | 2.5% | ||
| Q4 24 | — | -2.3% | ||
| Q3 24 | 16.9% | 3.2% | ||
| Q2 24 | — | 12.2% |
资本支出强度FUNIBEX
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | 7.1% | ||
| Q3 25 | 7.6% | 5.1% | ||
| Q2 25 | 18.1% | 3.5% | ||
| Q1 25 | 69.3% | 3.7% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | 8.1% | 2.8% | ||
| Q2 24 | — | 1.8% |
现金转化率FUNIBEX
| Q1 26 | — | — | ||
| Q4 25 | — | 0.54× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | — | 2.91× | ||
| Q1 25 | — | 0.84× | ||
| Q4 24 | — | 0.12× | ||
| Q3 24 | 3.04× | 1.03× | ||
| Q2 24 | — | 1.77× |
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% |
IBEX
| Transferred Over Time | $147.1M | 90% |
| Transferred At Point In Time | $17.1M | 10% |
