vs
六旗（FUN）与因美纳（ILMN）财务数据对比。点击上方公司名可切换其他公司
因美纳的季度营收约是六旗的1.7倍（$1.1B vs $650.1M），因美纳净利率更高（12.3% vs -14.2%，领先26.5%），因美纳自由现金流更多（$251.0M 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。
因美纳是总部位于美国加利福尼亚州圣迭戈的生物技术企业，成立于1998年4月，专注研发、生产及销售用于分析基因变异与生物功能的集成系统，产品及服务覆盖测序、基因分型、基因表达、蛋白质组学等领域，业务遍及全球超155个国家和地区。
FUN vs ILMN — 直观对比
营收规模更大
ILMN
是对方的1.7倍
$650.1M
净利率更高
ILMN
高出26.5%
-14.2%
自由现金流更多
ILMN
多$360.3M
$-109.3M
损益表 — Q4 FY2025 vs Q1 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $1.1B |
| 净利润 | $-92.4M | $134.0M |
| 毛利率 | 91.4% | 66.1% |
| 营业利润率 | -3.8% | 19.2% |
| 净利率 | -14.2% | 12.3% |
| 营收同比 | — | 4.8% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $-0.93 | $0.87 |
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FUNILMN
| Q1 26 | — | $1.1B | ||
| Q4 25 | $650.1M | $1.2B | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $930.4M | — | ||
| Q1 25 | $202.1M | — | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $571.6M | $1.1B |
净利润FUNILMN
| Q1 26 | — | $134.0M | ||
| Q4 25 | $-92.4M | $334.0M | ||
| Q3 25 | $-1.2B | — | ||
| Q2 25 | $-99.6M | — | ||
| Q1 25 | $-219.7M | — | ||
| Q4 24 | — | $186.0M | ||
| Q3 24 | $111.0M | $705.0M | ||
| Q2 24 | $55.6M | $-2.0B |
毛利率FUNILMN
| Q1 26 | — | 66.1% | ||
| Q4 25 | 91.4% | 65.5% | ||
| Q3 25 | 91.6% | — | ||
| Q2 25 | 91.3% | — | ||
| Q1 25 | 89.3% | — | ||
| Q4 24 | — | 65.9% | ||
| Q3 24 | 91.9% | 69.0% | ||
| Q2 24 | 90.7% | 64.8% |
营业利润率FUNILMN
| Q1 26 | — | 19.2% | ||
| Q4 25 | -3.8% | 17.4% | ||
| Q3 25 | -83.7% | — | ||
| Q2 25 | 8.0% | — | ||
| Q1 25 | -158.9% | — | ||
| Q4 24 | — | 15.8% | ||
| Q3 24 | 19.5% | 68.6% | ||
| Q2 24 | 21.6% | -147.2% |
净利率FUNILMN
| Q1 26 | — | 12.3% | ||
| Q4 25 | -14.2% | 28.8% | ||
| Q3 25 | -90.1% | — | ||
| Q2 25 | -10.7% | — | ||
| Q1 25 | -108.7% | — | ||
| Q4 24 | — | 16.8% | ||
| Q3 24 | 8.2% | 65.3% | ||
| Q2 24 | 9.7% | -178.8% |
每股收益（稀释后）FUNILMN
| Q1 26 | — | $0.87 | ||
| Q4 25 | $-0.93 | $2.16 | ||
| Q3 25 | $-11.77 | — | ||
| Q2 25 | $-0.99 | — | ||
| Q1 25 | $-2.20 | — | ||
| Q4 24 | — | $1.16 | ||
| Q3 24 | $1.10 | $4.42 | ||
| Q2 24 | — | $-12.48 |
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 | $1.2B |
| 总债务越低越好 | $5.2B | — |
| 股东权益账面价值 | $549.8M | $2.7B |
| 总资产 | $7.8B | $6.6B |
| 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FUNILMN
| Q1 26 | — | $1.2B | ||
| Q4 25 | $91.1M | $1.6B | ||
| Q3 25 | $70.7M | — | ||
| Q2 25 | $107.4M | — | ||
| Q1 25 | $61.5M | — | ||
| Q4 24 | — | $93.0M | ||
| Q3 24 | $89.7M | $70.0M | ||
| Q2 24 | $52.9M | $74.0M |
总债务FUNILMN
| 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FUNILMN
| Q1 26 | — | $2.7B | ||
| Q4 25 | $549.8M | $2.7B | ||
| Q3 25 | $614.3M | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | $2.3B | $2.1B | ||
| Q2 24 | — | $1.4B |
总资产FUNILMN
| Q1 26 | — | $6.6B | ||
| Q4 25 | $7.8B | $6.6B | ||
| Q3 25 | $7.9B | — | ||
| Q2 25 | $9.5B | — | ||
| Q1 25 | $9.2B | — | ||
| Q4 24 | — | $6.3B | ||
| Q3 24 | $9.4B | $6.0B | ||
| Q2 24 | $2.3B | $6.1B |
负债/权益比FUNILMN
| 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 | $289.0M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | $251.0M |
| 自由现金流率自由现金流/营收 | -16.8% | 23.0% |
| 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 | — | 2.16× |
| 过去12个月自由现金流最近4个季度 | $-152.2M | $1.1B |
8季度趋势，按日历期对齐
经营现金流FUNILMN
| Q1 26 | — | $289.0M | ||
| Q4 25 | $-37.7M | $321.0M | ||
| Q3 25 | $356.2M | — | ||
| Q2 25 | $187.0M | — | ||
| Q1 25 | $-178.0M | — | ||
| Q4 24 | — | $364.0M | ||
| Q3 24 | $337.4M | $316.0M | ||
| Q2 24 | — | $80.0M |
自由现金流FUNILMN
| Q1 26 | — | $251.0M | ||
| Q4 25 | $-109.3M | $267.0M | ||
| Q3 25 | $256.2M | — | ||
| Q2 25 | $18.8M | — | ||
| Q1 25 | $-318.0M | — | ||
| Q4 24 | — | $335.0M | ||
| Q3 24 | $227.7M | $284.0M | ||
| Q2 24 | — | $49.0M |
自由现金流率FUNILMN
| Q1 26 | — | 23.0% | ||
| Q4 25 | -16.8% | 23.0% | ||
| Q3 25 | 19.4% | — | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | -157.4% | — | ||
| Q4 24 | — | 30.3% | ||
| Q3 24 | 16.9% | 26.3% | ||
| Q2 24 | — | 4.4% |
资本支出强度FUNILMN
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | — | ||
| Q3 25 | 7.6% | — | ||
| Q2 25 | 18.1% | — | ||
| Q1 25 | 69.3% | — | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | 8.1% | 3.0% | ||
| Q2 24 | — | 2.8% |
现金转化率FUNILMN
| Q1 26 | — | 2.16× | ||
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.96× | ||
| Q3 24 | 3.04× | 0.45× | ||
| Q2 24 | — | — |
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% |
ILMN
| Product revenue | $917.0M | 84% |
| Service and other revenue | $174.0M | 16% |
