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六旗（FUN）与Industrial Logistics Properties Trust（ILPT）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Industrial Logistics Properties Trust的2.0倍（$225.6M vs $113.9M），Industrial Logistics Properties Trust净利率更高（-1.6% vs -119.0%，领先117.5%），六旗同比增速更快（11.7% vs 3.1%）
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。
Industrial Logistics Properties Trust是一家专注于工业与物流地产的房地产投资信托，主要在美国境内持有及运营配送中心、仓储设施与最后一公里配送物业，为电商、零售、制造及供应链运营企业提供仓储及物流运营相关配套服务。
FUN vs ILPT — 直观对比
营收规模更大
FUN
是对方的2.0倍
$113.9M
营收增速更快
FUN
高出8.6%
3.1%
净利率更高
ILPT
高出117.5%
-119.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $225.6M | $113.9M |
| 净利润 | $-268.6M | $-1.8M |
| 毛利率 | — | — |
| 营业利润率 | — | -22.1% |
| 净利率 | -119.0% | -1.6% |
| 营收同比 | 11.7% | 3.1% |
| 净利润同比 | -22.2% | 92.6% |
| 每股收益（稀释后） | — | $-0.02 |
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FUNILPT
| Q1 26 | $225.6M | — | ||
| Q4 25 | $650.1M | $113.9M | ||
| Q3 25 | $1.3B | $110.9M | ||
| Q2 25 | $930.4M | $112.1M | ||
| Q1 25 | $202.1M | $111.9M | ||
| Q4 24 | — | $110.5M | ||
| Q3 24 | $1.3B | $108.9M | ||
| Q2 24 | $571.6M | $110.6M |
净利润FUNILPT
| Q1 26 | $-268.6M | — | ||
| Q4 25 | $-92.4M | $-1.8M | ||
| Q3 25 | $-1.2B | $-21.6M | ||
| Q2 25 | $-99.6M | $-21.3M | ||
| Q1 25 | $-219.7M | $-21.5M | ||
| Q4 24 | — | $-24.1M | ||
| Q3 24 | $111.0M | $-25.0M | ||
| Q2 24 | $55.6M | $-23.2M |
毛利率FUNILPT
| 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FUNILPT
| Q1 26 | — | — | ||
| Q4 25 | -3.8% | -22.1% | ||
| Q3 25 | -83.7% | -29.4% | ||
| Q2 25 | 8.0% | -30.8% | ||
| Q1 25 | -158.9% | -26.9% | ||
| Q4 24 | — | -31.1% | ||
| Q3 24 | 19.5% | -33.5% | ||
| Q2 24 | 21.6% | -32.4% |
净利率FUNILPT
| Q1 26 | -119.0% | — | ||
| Q4 25 | -14.2% | -1.6% | ||
| Q3 25 | -90.1% | -19.4% | ||
| Q2 25 | -10.7% | -19.0% | ||
| Q1 25 | -108.7% | -19.2% | ||
| Q4 24 | — | -21.8% | ||
| Q3 24 | 8.2% | -22.9% | ||
| Q2 24 | 9.7% | -20.9% |
每股收益（稀释后）FUNILPT
| Q1 26 | — | — | ||
| Q4 25 | $-0.93 | $-0.02 | ||
| Q3 25 | $-11.77 | $-0.33 | ||
| Q2 25 | $-0.99 | $-0.32 | ||
| Q1 25 | $-2.20 | $-0.33 | ||
| Q4 24 | — | $-0.37 | ||
| Q3 24 | $1.10 | $-0.38 | ||
| Q2 24 | — | $-0.35 |
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 | $94.8M |
| 总债务越低越好 | — | $4.2B |
| 股东权益账面价值 | $279.2M | $489.7M |
| 总资产 | $7.7B | $5.2B |
| 负债/权益比越低杠杆越低 | — | 8.56× |
8季度趋势，按日历期对齐
现金及短期投资FUNILPT
| Q1 26 | $116.5M | — | ||
| Q4 25 | $91.1M | $94.8M | ||
| Q3 25 | $70.7M | $83.2M | ||
| Q2 25 | $107.4M | $58.6M | ||
| Q1 25 | $61.5M | $108.0M | ||
| Q4 24 | — | $131.7M | ||
| Q3 24 | $89.7M | $153.9M | ||
| Q2 24 | $52.9M | $146.2M |
总债务FUNILPT
| Q1 26 | — | — | ||
| Q4 25 | $5.2B | $4.2B | ||
| Q3 25 | $5.0B | $4.2B | ||
| Q2 25 | $5.3B | $4.2B | ||
| Q1 25 | $5.0B | $4.3B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | $4.6B | $4.3B | ||
| Q2 24 | $2.3B | $4.3B |
股东权益FUNILPT
| Q1 26 | $279.2M | — | ||
| Q4 25 | $549.8M | $489.7M | ||
| Q3 25 | $614.3M | $494.1M | ||
| Q2 25 | $1.8B | $519.1M | ||
| Q1 25 | $1.8B | $539.5M | ||
| Q4 24 | — | $562.0M | ||
| Q3 24 | $2.3B | $585.9M | ||
| Q2 24 | — | $618.3M |
总资产FUNILPT
| Q1 26 | $7.7B | — | ||
| Q4 25 | $7.8B | $5.2B | ||
| Q3 25 | $7.9B | $5.2B | ||
| Q2 25 | $9.5B | $5.2B | ||
| Q1 25 | $9.2B | $5.4B | ||
| Q4 24 | — | $5.4B | ||
| Q3 24 | $9.4B | $5.5B | ||
| Q2 24 | $2.3B | $5.5B |
负债/权益比FUNILPT
| Q1 26 | — | — | ||
| Q4 25 | 9.40× | 8.56× | ||
| Q3 25 | 8.16× | 8.49× | ||
| Q2 25 | 2.97× | 8.09× | ||
| Q1 25 | 2.75× | 7.96× | ||
| Q4 24 | — | 7.65× | ||
| Q3 24 | 1.95× | 7.35× | ||
| Q2 24 | — | 6.96× |
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 | — | $60.7M |
| 自由现金流经营现金流 - 资本支出 | — | $42.0M |
| 自由现金流率自由现金流/营收 | — | 36.9% |
| 资本支出强度资本支出/营收 | — | 16.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $79.8M |
8季度趋势，按日历期对齐
经营现金流FUNILPT
| Q1 26 | — | — | ||
| Q4 25 | $-37.7M | $60.7M | ||
| Q3 25 | $356.2M | $22.7M | ||
| Q2 25 | $187.0M | $18.4M | ||
| Q1 25 | $-178.0M | $11.4M | ||
| Q4 24 | — | $2.0M | ||
| Q3 24 | $337.4M | $-3.4M | ||
| Q2 24 | — | $10.8M |
自由现金流FUNILPT
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | $42.0M | ||
| Q3 25 | $256.2M | $17.6M | ||
| Q2 25 | $18.8M | $15.2M | ||
| Q1 25 | $-318.0M | $5.0M | ||
| Q4 24 | — | $-3.7M | ||
| Q3 24 | $227.7M | $-5.9M | ||
| Q2 24 | — | $9.4M |
自由现金流率FUNILPT
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | 36.9% | ||
| Q3 25 | 19.4% | 15.9% | ||
| Q2 25 | 2.0% | 13.5% | ||
| Q1 25 | -157.4% | 4.5% | ||
| Q4 24 | — | -3.4% | ||
| Q3 24 | 16.9% | -5.5% | ||
| Q2 24 | — | 8.5% |
资本支出强度FUNILPT
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | 16.4% | ||
| Q3 25 | 7.6% | 4.6% | ||
| Q2 25 | 18.1% | 2.9% | ||
| Q1 25 | 69.3% | 5.7% | ||
| Q4 24 | — | 5.2% | ||
| Q3 24 | 8.1% | 2.3% | ||
| Q2 24 | — | 1.3% |
现金转化率FUNILPT
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.04× | — | ||
| 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
| In-park admissions revenues | $113.4M | 50% |
| In-park product revenues | $89.0M | 39% |
| Out-of-park revenues | $28.8M | 13% |
ILPT
暂无分部数据
