vs
六旗（FUN）与J&J SNACK FOODS CORP（JJSF）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J&J SNACK FOODS CORP的1.9倍（$650.1M vs $343.8M），J&J SNACK FOODS CORP净利率更高（0.3% vs -14.2%，领先14.5%），J&J SNACK FOODS CORP自由现金流更多（$17.0M 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。
强生休闲食品公司（J&J Snack Foods Corp.）是美国知名的品牌休闲食品与冷冻饮品生产商、营销商及分销商，总部位于新泽西州芒特劳雷尔，在全美44个州、墨西哥及加拿大设有超175个生产、仓储及配送设施，于纳斯达克全球精选市场上市，业务覆盖国内外市场。
FUN vs JJSF — 直观对比
营收规模更大
FUN
是对方的1.9倍
$343.8M
净利率更高
JJSF
高出14.5%
-14.2%
自由现金流更多
JJSF
多$126.2M
$-109.3M
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $343.8M |
| 净利润 | $-92.4M | $883.0K |
| 毛利率 | 91.4% | 27.9% |
| 营业利润率 | -3.8% | 0.2% |
| 净利率 | -14.2% | 0.3% |
| 营收同比 | — | -5.2% |
| 净利润同比 | — | -82.8% |
| 每股收益（稀释后） | $-0.93 | $0.05 |
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FUNJJSF
| Q4 25 | $650.1M | $343.8M | ||
| Q3 25 | $1.3B | $410.2M | ||
| Q2 25 | $930.4M | $454.3M | ||
| Q1 25 | $202.1M | $356.1M | ||
| Q4 24 | — | $362.6M | ||
| Q3 24 | $1.3B | $426.8M | ||
| Q2 24 | $571.6M | $440.0M | ||
| Q1 24 | — | $359.7M |
净利润FUNJJSF
| Q4 25 | $-92.4M | $883.0K | ||
| Q3 25 | $-1.2B | $11.4M | ||
| Q2 25 | $-99.6M | $44.2M | ||
| Q1 25 | $-219.7M | $4.8M | ||
| Q4 24 | — | $5.1M | ||
| Q3 24 | $111.0M | $29.6M | ||
| Q2 24 | $55.6M | $36.3M | ||
| Q1 24 | — | $13.3M |
毛利率FUNJJSF
| Q4 25 | 91.4% | 27.9% | ||
| Q3 25 | 91.6% | 31.7% | ||
| Q2 25 | 91.3% | 33.0% | ||
| Q1 25 | 89.3% | 26.9% | ||
| Q4 24 | — | 25.9% | ||
| Q3 24 | 91.9% | 31.8% | ||
| Q2 24 | 90.7% | 33.6% | ||
| Q1 24 | — | 30.1% |
营业利润率FUNJJSF
| Q4 25 | -3.8% | 0.2% | ||
| Q3 25 | -83.7% | 2.8% | ||
| Q2 25 | 8.0% | 13.3% | ||
| Q1 25 | -158.9% | 1.7% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | 19.5% | 9.3% | ||
| Q2 24 | 21.6% | 11.4% | ||
| Q1 24 | — | 5.0% |
净利率FUNJJSF
| Q4 25 | -14.2% | 0.3% | ||
| Q3 25 | -90.1% | 2.8% | ||
| Q2 25 | -10.7% | 9.7% | ||
| Q1 25 | -108.7% | 1.4% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | 8.2% | 6.9% | ||
| Q2 24 | 9.7% | 8.3% | ||
| Q1 24 | — | 3.7% |
每股收益（稀释后）FUNJJSF
| Q4 25 | $-0.93 | $0.05 | ||
| Q3 25 | $-11.77 | $0.59 | ||
| Q2 25 | $-0.99 | $2.26 | ||
| Q1 25 | $-2.20 | $0.25 | ||
| Q4 24 | — | $0.26 | ||
| Q3 24 | $1.10 | $1.52 | ||
| Q2 24 | — | $1.87 | ||
| Q1 24 | — | $0.69 |
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 | $66.8M |
| 总债务越低越好 | $5.2B | — |
| 股东权益账面价值 | $549.8M | $912.9M |
| 总资产 | $7.8B | $1.3B |
| 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FUNJJSF
| Q4 25 | $91.1M | $66.8M | ||
| Q3 25 | $70.7M | $105.9M | ||
| Q2 25 | $107.4M | $77.4M | ||
| Q1 25 | $61.5M | $48.5M | ||
| Q4 24 | — | $73.6M | ||
| Q3 24 | $89.7M | $73.4M | ||
| Q2 24 | $52.9M | $64.0M | ||
| Q1 24 | — | $43.6M |
总债务FUNJJSF
| 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FUNJJSF
| Q4 25 | $549.8M | $912.9M | ||
| Q3 25 | $614.3M | $966.7M | ||
| Q2 25 | $1.8B | $969.9M | ||
| Q1 25 | $1.8B | $935.0M | ||
| Q4 24 | — | $946.8M | ||
| Q3 24 | $2.3B | $957.0M | ||
| Q2 24 | — | $937.9M | ||
| Q1 24 | — | $915.7M |
总资产FUNJJSF
| Q4 25 | $7.8B | $1.3B | ||
| Q3 25 | $7.9B | $1.4B | ||
| Q2 25 | $9.5B | $1.4B | ||
| Q1 25 | $9.2B | $1.4B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $9.4B | $1.4B | ||
| Q2 24 | $2.3B | $1.4B | ||
| Q1 24 | — | $1.3B |
负债/权益比FUNJJSF
| 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 | $36.0M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | $17.0M |
| 自由现金流率自由现金流/营收 | -16.8% | 4.9% |
| 资本支出强度资本支出/营收 | 11.0% | 5.5% |
| 现金转化率经营现金流/净利润 | — | 40.73× |
| 过去12个月自由现金流最近4个季度 | $-152.2M | $83.1M |
8季度趋势，按日历期对齐
经营现金流FUNJJSF
| Q4 25 | $-37.7M | $36.0M | ||
| Q3 25 | $356.2M | $66.4M | ||
| Q2 25 | $187.0M | $51.2M | ||
| Q1 25 | $-178.0M | $12.3M | ||
| Q4 24 | — | $35.2M | ||
| Q3 24 | $337.4M | $46.3M | ||
| Q2 24 | — | $65.0M | ||
| Q1 24 | — | $12.7M |
自由现金流FUNJJSF
| Q4 25 | $-109.3M | $17.0M | ||
| Q3 25 | $256.2M | $44.8M | ||
| Q2 25 | $18.8M | $28.5M | ||
| Q1 25 | $-318.0M | $-7.2M | ||
| Q4 24 | — | $16.1M | ||
| Q3 24 | $227.7M | $29.1M | ||
| Q2 24 | — | $45.3M | ||
| Q1 24 | — | $-4.0M |
自由现金流率FUNJJSF
| Q4 25 | -16.8% | 4.9% | ||
| Q3 25 | 19.4% | 10.9% | ||
| Q2 25 | 2.0% | 6.3% | ||
| Q1 25 | -157.4% | -2.0% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | 16.9% | 6.8% | ||
| Q2 24 | — | 10.3% | ||
| Q1 24 | — | -1.1% |
资本支出强度FUNJJSF
| Q4 25 | 11.0% | 5.5% | ||
| Q3 25 | 7.6% | 5.3% | ||
| Q2 25 | 18.1% | 5.0% | ||
| Q1 25 | 69.3% | 5.5% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | 8.1% | 4.0% | ||
| Q2 24 | — | 4.5% | ||
| Q1 24 | — | 4.6% |
现金转化率FUNJJSF
| Q4 25 | — | 40.73× | ||
| Q3 25 | — | 5.84× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 2.55× | ||
| Q4 24 | — | 6.84× | ||
| Q3 24 | 3.04× | 1.56× | ||
| Q2 24 | — | 1.79× | ||
| Q1 24 | — | 0.96× |
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% |
JJSF
| Food Service | $219.2M | 64% |
| Frozen Beverages | $78.7M | 23% |
| Repair And Maintenance Service | $22.5M | 7% |
| Other | $12.7M | 4% |
| Machine Sales | $10.7M | 3% |
