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六旗（FUN）与JBG SMITH Properties（JBGS）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JBG SMITH Properties的1.8倍（$225.6M vs $127.6M），JBG SMITH Properties净利率更高（-18.1% vs -119.0%，领先101.0%），六旗同比增速更快（11.7% vs 5.7%）
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。
JBG SMITH Properties是一家总部位于马里兰州贝塞斯达的上市房地产投资信托公司，专注于持有并运营房地产资产，是美国商业地产领域的专业运营机构，面向市场提供多元化的不动产投资与管理服务。
FUN vs JBGS — 直观对比
营收规模更大
FUN
是对方的1.8倍
$127.6M
营收增速更快
FUN
高出5.9%
5.7%
净利率更高
JBGS
高出101.0%
-119.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $225.6M | $127.6M |
| 净利润 | $-268.6M | $-23.0M |
| 毛利率 | — | — |
| 营业利润率 | — | — |
| 净利率 | -119.0% | -18.1% |
| 营收同比 | 11.7% | 5.7% |
| 净利润同比 | -22.2% | 57.1% |
| 每股收益（稀释后） | — | $-0.32 |
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FUNJBGS
| Q1 26 | $225.6M | $127.6M | ||
| Q4 25 | $650.1M | $127.6M | ||
| Q3 25 | $1.3B | $123.9M | ||
| Q2 25 | $930.4M | $126.5M | ||
| Q1 25 | $202.1M | $120.7M | ||
| Q4 24 | — | $130.8M | ||
| Q3 24 | $1.3B | $136.0M | ||
| Q2 24 | $571.6M | $135.3M |
净利润FUNJBGS
| Q1 26 | $-268.6M | $-23.0M | ||
| Q4 25 | $-92.4M | $-45.5M | ||
| Q3 25 | $-1.2B | $-28.6M | ||
| Q2 25 | $-99.6M | $-19.2M | ||
| Q1 25 | $-219.7M | $-45.7M | ||
| Q4 24 | — | $-59.9M | ||
| Q3 24 | $111.0M | $-27.0M | ||
| Q2 24 | $55.6M | $-24.4M |
毛利率FUNJBGS
| 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FUNJBGS
| Q1 26 | — | — | ||
| Q4 25 | -3.8% | -47.5% | ||
| Q3 25 | -83.7% | -27.5% | ||
| Q2 25 | 8.0% | -18.4% | ||
| Q1 25 | -158.9% | -44.7% | ||
| Q4 24 | — | -53.6% | ||
| Q3 24 | 19.5% | -22.4% | ||
| Q2 24 | 21.6% | -24.3% |
净利率FUNJBGS
| Q1 26 | -119.0% | -18.1% | ||
| Q4 25 | -14.2% | -35.7% | ||
| Q3 25 | -90.1% | -23.1% | ||
| Q2 25 | -10.7% | -15.2% | ||
| Q1 25 | -108.7% | -37.9% | ||
| Q4 24 | — | -45.8% | ||
| Q3 24 | 8.2% | -19.8% | ||
| Q2 24 | 9.7% | -18.0% |
每股收益（稀释后）FUNJBGS
| Q1 26 | — | $-0.32 | ||
| Q4 25 | $-0.93 | $-0.76 | ||
| Q3 25 | $-11.77 | $-0.48 | ||
| Q2 25 | $-0.99 | $-0.29 | ||
| Q1 25 | $-2.20 | $-0.56 | ||
| Q4 24 | — | $-0.70 | ||
| Q3 24 | $1.10 | $-0.32 | ||
| Q2 24 | — | $-0.27 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $279.2M | — |
| 总资产 | $7.7B | $4.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资FUNJBGS
| Q1 26 | $116.5M | — | ||
| Q4 25 | $91.1M | $75.3M | ||
| Q3 25 | $70.7M | $64.4M | ||
| Q2 25 | $107.4M | $61.4M | ||
| Q1 25 | $61.5M | $81.3M | ||
| Q4 24 | — | $145.8M | ||
| Q3 24 | $89.7M | $137.0M | ||
| Q2 24 | $52.9M | $163.5M |
总债务FUNJBGS
| 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FUNJBGS
| Q1 26 | $279.2M | — | ||
| Q4 25 | $549.8M | $1.2B | ||
| Q3 25 | $614.3M | $1.2B | ||
| Q2 25 | $1.8B | $1.3B | ||
| Q1 25 | $1.8B | $1.6B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $2.3B | $1.9B | ||
| Q2 24 | — | $2.0B |
总资产FUNJBGS
| Q1 26 | $7.7B | $4.3B | ||
| Q4 25 | $7.8B | $4.4B | ||
| Q3 25 | $7.9B | $4.4B | ||
| Q2 25 | $9.5B | $4.5B | ||
| Q1 25 | $9.2B | $4.7B | ||
| Q4 24 | — | $5.0B | ||
| Q3 24 | $9.4B | $5.2B | ||
| Q2 24 | $2.3B | $5.3B |
负债/权益比FUNJBGS
| 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 | — | — |
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% |
JBGS
| Property rental | $105.9M | 83% |
| Third-party real estate services, including reimbursements | $17.2M | 13% |
| Other revenue | $4.5M | 4% |
