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六旗（FUN）与IES Holdings, Inc.（IESC）财务数据对比。点击上方公司名可切换其他公司
IES Holdings, Inc.的季度营收约是六旗的1.3倍（$871.0M vs $650.1M），IES Holdings, Inc.净利率更高（10.5% vs -14.2%，领先24.7%），IES Holdings, Inc.自由现金流更多（$-18.9M 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。
IES Holdings, Inc.前身为Integrated Electrical Services, Inc.，主营业务为集成电气及技术系统的设计与安装，同时面向数据中心、住宅、商业和工业设施等多元终端市场提供基础设施类产品及相关服务。
FUN vs IESC — 直观对比
营收规模更大
IESC
是对方的1.3倍
$650.1M
净利率更高
IESC
高出24.7%
-14.2%
自由现金流更多
IESC
多$90.4M
$-109.3M
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $871.0M |
| 净利润 | $-92.4M | $91.8M |
| 毛利率 | 91.4% | 25.3% |
| 营业利润率 | -3.8% | 11.2% |
| 净利率 | -14.2% | 10.5% |
| 营收同比 | — | 16.2% |
| 净利润同比 | — | 59.1% |
| 每股收益（稀释后） | $-0.93 | $4.51 |
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FUNIESC
| Q4 25 | $650.1M | $871.0M | ||
| Q3 25 | $1.3B | $897.8M | ||
| Q2 25 | $930.4M | $890.2M | ||
| Q1 25 | $202.1M | $834.0M | ||
| Q4 24 | — | $749.5M | ||
| Q3 24 | $1.3B | $775.8M | ||
| Q2 24 | $571.6M | $768.4M | ||
| Q1 24 | — | $705.7M |
净利润FUNIESC
| Q4 25 | $-92.4M | $91.8M | ||
| Q3 25 | $-1.2B | $102.3M | ||
| Q2 25 | $-99.6M | $79.3M | ||
| Q1 25 | $-219.7M | $72.6M | ||
| Q4 24 | — | $57.7M | ||
| Q3 24 | $111.0M | $65.5M | ||
| Q2 24 | $55.6M | $66.6M | ||
| Q1 24 | — | $56.8M |
毛利率FUNIESC
| Q4 25 | 91.4% | 25.3% | ||
| Q3 25 | 91.6% | 26.0% | ||
| Q2 25 | 91.3% | 26.9% | ||
| Q1 25 | 89.3% | 25.0% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | 91.9% | 24.0% | ||
| Q2 24 | 90.7% | 25.3% | ||
| Q1 24 | — | 24.3% |
营业利润率FUNIESC
| Q4 25 | -3.8% | 11.2% | ||
| Q3 25 | -83.7% | 11.6% | ||
| Q2 25 | 8.0% | 12.6% | ||
| Q1 25 | -158.9% | 11.1% | ||
| Q4 24 | — | 10.0% | ||
| Q3 24 | 19.5% | 9.7% | ||
| Q2 24 | 21.6% | 11.7% | ||
| Q1 24 | — | 11.0% |
净利率FUNIESC
| Q4 25 | -14.2% | 10.5% | ||
| Q3 25 | -90.1% | 11.4% | ||
| Q2 25 | -10.7% | 8.9% | ||
| Q1 25 | -108.7% | 8.7% | ||
| Q4 24 | — | 7.7% | ||
| Q3 24 | 8.2% | 8.4% | ||
| Q2 24 | 9.7% | 8.7% | ||
| Q1 24 | — | 8.0% |
每股收益（稀释后）FUNIESC
| Q4 25 | $-0.93 | $4.51 | ||
| Q3 25 | $-11.77 | $4.99 | ||
| Q2 25 | $-0.99 | $3.81 | ||
| Q1 25 | $-2.20 | $3.50 | ||
| Q4 24 | — | $2.72 | ||
| Q3 24 | $1.10 | $3.06 | ||
| Q2 24 | — | $2.67 | ||
| Q1 24 | — | $2.29 |
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 | $258.7M |
| 总债务越低越好 | $5.2B | — |
| 股东权益账面价值 | $549.8M | $961.1M |
| 总资产 | $7.8B | $1.7B |
| 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FUNIESC
| Q4 25 | $91.1M | $258.7M | ||
| Q3 25 | $70.7M | $231.8M | ||
| Q2 25 | $107.4M | $168.3M | ||
| Q1 25 | $61.5M | $88.3M | ||
| Q4 24 | — | $112.0M | ||
| Q3 24 | $89.7M | $135.8M | ||
| Q2 24 | $52.9M | $44.9M | ||
| Q1 24 | — | $106.0M |
总债务FUNIESC
| 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 | — | ||
| Q1 24 | — | — |
股东权益FUNIESC
| Q4 25 | $549.8M | $961.1M | ||
| Q3 25 | $614.3M | $884.0M | ||
| Q2 25 | $1.8B | $781.4M | ||
| Q1 25 | $1.8B | $705.8M | ||
| Q4 24 | — | $652.4M | ||
| Q3 24 | $2.3B | $611.1M | ||
| Q2 24 | — | $567.5M | ||
| Q1 24 | — | $534.8M |
总资产FUNIESC
| Q4 25 | $7.8B | $1.7B | ||
| Q3 25 | $7.9B | $1.6B | ||
| Q2 25 | $9.5B | $1.5B | ||
| Q1 25 | $9.2B | $1.4B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $9.4B | $1.2B | ||
| Q2 24 | $2.3B | $1.2B | ||
| Q1 24 | — | $1.1B |
负债/权益比FUNIESC
| Q4 25 | 9.40× | — | ||
| Q3 25 | 8.16× | — | ||
| Q2 25 | 2.97× | — | ||
| Q1 25 | 2.75× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.95× | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $27.7M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | $-18.9M |
| 自由现金流率自由现金流/营收 | -16.8% | -2.2% |
| 资本支出强度资本支出/营收 | 11.0% | 5.3% |
| 现金转化率经营现金流/净利润 | — | 0.30× |
| 过去12个月自由现金流最近4个季度 | $-152.2M | $175.9M |
8季度趋势，按日历期对齐
经营现金流FUNIESC
| Q4 25 | $-37.7M | $27.7M | ||
| Q3 25 | $356.2M | $132.0M | ||
| Q2 25 | $187.0M | $92.0M | ||
| Q1 25 | $-178.0M | $24.8M | ||
| Q4 24 | — | $37.3M | ||
| Q3 24 | $337.4M | $92.8M | ||
| Q2 24 | — | $82.9M | ||
| Q1 24 | — | $33.7M |
自由现金流FUNIESC
| Q4 25 | $-109.3M | $-18.9M | ||
| Q3 25 | $256.2M | $112.0M | ||
| Q2 25 | $18.8M | $74.8M | ||
| Q1 25 | $-318.0M | $7.9M | ||
| Q4 24 | — | $24.1M | ||
| Q3 24 | $227.7M | $78.5M | ||
| Q2 24 | — | $65.4M | ||
| Q1 24 | — | $26.9M |
自由现金流率FUNIESC
| Q4 25 | -16.8% | -2.2% | ||
| Q3 25 | 19.4% | 12.5% | ||
| Q2 25 | 2.0% | 8.4% | ||
| Q1 25 | -157.4% | 0.9% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | 16.9% | 10.1% | ||
| Q2 24 | — | 8.5% | ||
| Q1 24 | — | 3.8% |
资本支出强度FUNIESC
| Q4 25 | 11.0% | 5.3% | ||
| Q3 25 | 7.6% | 2.2% | ||
| Q2 25 | 18.1% | 1.9% | ||
| Q1 25 | 69.3% | 2.0% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | 8.1% | 1.8% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | 1.0% |
现金转化率FUNIESC
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 1.29× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 0.34× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | 3.04× | 1.42× | ||
| Q2 24 | — | 1.24× | ||
| Q1 24 | — | 0.59× |
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% |
IESC
| Communications | $351.9M | 40% |
| Single Family Electrical Contracts | $137.0M | 16% |
| Custom Engineered Solutions | $116.0M | 13% |
| Commercialand Industrial | $94.8M | 11% |
| Single Family Contracts Plumbing HVAC | $82.9M | 10% |
| Multi Familyand Other | $64.2M | 7% |
| Industrial Services | $24.2M | 3% |
