vs
六旗（FUN）与Installed Building Products, Inc.（IBP）财务数据对比。点击上方公司名可切换其他公司
Installed Building Products, Inc.的季度营收约是六旗的1.1倍（$747.5M vs $650.1M），Installed Building Products, Inc.净利率更高（10.2% vs -14.2%，领先24.5%），Installed Building Products, Inc.自由现金流更多（$49.3M 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。
Installed Building Products, Inc.是美国领先的建筑产品安装服务商，主营绝缘材料、排水沟、车库门、消防系统及窗帘等产品的专业安装服务，覆盖住宅新建、翻新改造及商业建筑三大领域，业务遍及美国大部分地区。
FUN vs IBP — 直观对比
营收规模更大
IBP
是对方的1.1倍
$650.1M
净利率更高
IBP
高出24.5%
-14.2%
自由现金流更多
IBP
多$158.6M
$-109.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $747.5M |
| 净利润 | $-92.4M | $76.6M |
| 毛利率 | 91.4% | 35.0% |
| 营业利润率 | -3.8% | 14.6% |
| 净利率 | -14.2% | 10.2% |
| 营收同比 | — | -0.4% |
| 净利润同比 | — | 14.5% |
| 每股收益（稀释后） | $-0.93 | $2.81 |
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FUNIBP
| Q4 25 | $650.1M | $747.5M | ||
| Q3 25 | $1.3B | $778.2M | ||
| Q2 25 | $930.4M | $760.3M | ||
| Q1 25 | $202.1M | $684.8M | ||
| Q4 24 | — | $750.2M | ||
| Q3 24 | $1.3B | $760.6M | ||
| Q2 24 | $571.6M | $737.6M | ||
| Q1 24 | — | $692.9M |
净利润FUNIBP
| Q4 25 | $-92.4M | $76.6M | ||
| Q3 25 | $-1.2B | $74.4M | ||
| Q2 25 | $-99.6M | $69.0M | ||
| Q1 25 | $-219.7M | $45.4M | ||
| Q4 24 | — | $66.9M | ||
| Q3 24 | $111.0M | $68.6M | ||
| Q2 24 | $55.6M | $65.2M | ||
| Q1 24 | — | $55.9M |
毛利率FUNIBP
| Q4 25 | 91.4% | 35.0% | ||
| Q3 25 | 91.6% | 34.0% | ||
| Q2 25 | 91.3% | 34.2% | ||
| Q1 25 | 89.3% | 32.7% | ||
| Q4 24 | — | 33.6% | ||
| Q3 24 | 91.9% | 33.8% | ||
| Q2 24 | 90.7% | 34.1% | ||
| Q1 24 | — | 33.8% |
营业利润率FUNIBP
| Q4 25 | -3.8% | 14.6% | ||
| Q3 25 | -83.7% | 13.7% | ||
| Q2 25 | 8.0% | 13.3% | ||
| Q1 25 | -158.9% | 10.2% | ||
| Q4 24 | — | 13.1% | ||
| Q3 24 | 19.5% | 13.3% | ||
| Q2 24 | 21.6% | 12.9% | ||
| Q1 24 | — | 12.7% |
净利率FUNIBP
| Q4 25 | -14.2% | 10.2% | ||
| Q3 25 | -90.1% | 9.6% | ||
| Q2 25 | -10.7% | 9.1% | ||
| Q1 25 | -108.7% | 6.6% | ||
| Q4 24 | — | 8.9% | ||
| Q3 24 | 8.2% | 9.0% | ||
| Q2 24 | 9.7% | 8.8% | ||
| Q1 24 | — | 8.1% |
每股收益（稀释后）FUNIBP
| Q4 25 | $-0.93 | $2.81 | ||
| Q3 25 | $-11.77 | $2.74 | ||
| Q2 25 | $-0.99 | $2.52 | ||
| Q1 25 | $-2.20 | $1.64 | ||
| Q4 24 | — | $2.39 | ||
| Q3 24 | $1.10 | $2.44 | ||
| Q2 24 | — | $2.30 | ||
| Q1 24 | — | $1.97 |
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 | $321.9M |
| 总债务越低越好 | $5.2B | $886.6M |
| 股东权益账面价值 | $549.8M | $709.9M |
| 总资产 | $7.8B | $2.1B |
| 负债/权益比越低杠杆越低 | 9.40× | 1.25× |
8季度趋势，按日历期对齐
现金及短期投资FUNIBP
| Q4 25 | $91.1M | $321.9M | ||
| Q3 25 | $70.7M | $333.3M | ||
| Q2 25 | $107.4M | $305.2M | ||
| Q1 25 | $61.5M | $298.7M | ||
| Q4 24 | — | $327.6M | ||
| Q3 24 | $89.7M | $406.2M | ||
| Q2 24 | $52.9M | $380.3M | ||
| Q1 24 | — | $399.9M |
总债务FUNIBP
| Q4 25 | $5.2B | $886.6M | ||
| Q3 25 | $5.0B | $880.8M | ||
| Q2 25 | $5.3B | $876.1M | ||
| Q1 25 | $5.0B | $872.4M | ||
| Q4 24 | — | $874.8M | ||
| Q3 24 | $4.6B | $872.3M | ||
| Q2 24 | $2.3B | $875.8M | ||
| Q1 24 | — | $875.0M |
股东权益FUNIBP
| Q4 25 | $549.8M | $709.9M | ||
| Q3 25 | $614.3M | $678.6M | ||
| Q2 25 | $1.8B | $664.5M | ||
| Q1 25 | $1.8B | $660.9M | ||
| Q4 24 | — | $705.3M | ||
| Q3 24 | $2.3B | $716.4M | ||
| Q2 24 | — | $685.3M | ||
| Q1 24 | — | $679.2M |
总资产FUNIBP
| Q4 25 | $7.8B | $2.1B | ||
| Q3 25 | $7.9B | $2.1B | ||
| Q2 25 | $9.5B | $2.0B | ||
| Q1 25 | $9.2B | $2.0B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | $9.4B | $2.1B | ||
| Q2 24 | $2.3B | $2.0B | ||
| Q1 24 | — | $2.0B |
负债/权益比FUNIBP
| Q4 25 | 9.40× | 1.25× | ||
| Q3 25 | 8.16× | 1.30× | ||
| Q2 25 | 2.97× | 1.32× | ||
| Q1 25 | 2.75× | 1.32× | ||
| Q4 24 | — | 1.24× | ||
| Q3 24 | 1.95× | 1.22× | ||
| Q2 24 | — | 1.28× | ||
| Q1 24 | — | 1.29× |
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 | $64.9M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | $49.3M |
| 自由现金流率自由现金流/营收 | -16.8% | 6.6% |
| 资本支出强度资本支出/营收 | 11.0% | 2.1% |
| 现金转化率经营现金流/净利润 | — | 0.85× |
| 过去12个月自由现金流最近4个季度 | $-152.2M | $300.8M |
8季度趋势，按日历期对齐
经营现金流FUNIBP
| Q4 25 | $-37.7M | $64.9M | ||
| Q3 25 | $356.2M | $124.0M | ||
| Q2 25 | $187.0M | $90.4M | ||
| Q1 25 | $-178.0M | $92.1M | ||
| Q4 24 | — | $74.8M | ||
| Q3 24 | $337.4M | $101.4M | ||
| Q2 24 | — | $79.0M | ||
| Q1 24 | — | $84.8M |
自由现金流FUNIBP
| Q4 25 | $-109.3M | $49.3M | ||
| Q3 25 | $256.2M | $104.8M | ||
| Q2 25 | $18.8M | $74.8M | ||
| Q1 25 | $-318.0M | $71.9M | ||
| Q4 24 | — | $52.9M | ||
| Q3 24 | $227.7M | $77.3M | ||
| Q2 24 | — | $58.2M | ||
| Q1 24 | — | $63.0M |
自由现金流率FUNIBP
| Q4 25 | -16.8% | 6.6% | ||
| Q3 25 | 19.4% | 13.5% | ||
| Q2 25 | 2.0% | 9.8% | ||
| Q1 25 | -157.4% | 10.5% | ||
| Q4 24 | — | 7.1% | ||
| Q3 24 | 16.9% | 10.2% | ||
| Q2 24 | — | 7.9% | ||
| Q1 24 | — | 9.1% |
资本支出强度FUNIBP
| Q4 25 | 11.0% | 2.1% | ||
| Q3 25 | 7.6% | 2.5% | ||
| Q2 25 | 18.1% | 2.1% | ||
| Q1 25 | 69.3% | 2.9% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | 8.1% | 3.2% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 3.1% |
现金转化率FUNIBP
| Q4 25 | — | 0.85× | ||
| Q3 25 | — | 1.67× | ||
| Q2 25 | — | 1.31× | ||
| Q1 25 | — | 2.03× | ||
| Q4 24 | — | 1.12× | ||
| Q3 24 | 3.04× | 1.48× | ||
| Q2 24 | — | 1.21× | ||
| Q1 24 | — | 1.52× |
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% |
IBP
| Residential New Construction | $488.6M | 65% |
| Other Customer Installation | $67.8M | 9% |
| Shower Doors Shelving And Mirrors | $53.5M | 7% |
| Other Building Products | $47.7M | 6% |
| Fireproofing And Firestopping | $37.6M | 5% |
| Rain Gutters | $31.3M | 4% |
| Window Blinds | $18.0M | 2% |
| Related Party | $6.7M | 1% |
