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六旗（FUN）与KADANT INC（KAI）财务数据对比。点击上方公司名可切换其他公司
KADANT INC的季度营收约是六旗的1.2倍（$271.6M vs $225.6M），KADANT INC净利率更高（10.2% vs -119.0%，领先129.3%），六旗同比增速更快（11.7% vs -0.0%）
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。
Kadant Inc.创立于1991年，最初是Thermo Electron的子公司，部分股权私有、部分公开交易，2001年完成完全分拆并启用现名。公司服务于造纸、废纸回收、木材加工、物料搬运等多个加工领域，是业务覆盖亚洲、欧洲、北美、南美的跨国企业。
FUN vs KAI — 直观对比
营收规模更大
KAI
是对方的1.2倍
$225.6M
营收增速更快
FUN
高出11.7%
-0.0%
净利率更高
KAI
高出129.3%
-119.0%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $225.6M | $271.6M |
| 净利润 | $-268.6M | $27.7M |
| 毛利率 | — | 45.2% |
| 营业利润率 | — | 15.7% |
| 净利率 | -119.0% | 10.2% |
| 营收同比 | 11.7% | -0.0% |
| 净利润同比 | -22.2% | -12.2% |
| 每股收益（稀释后） | — | $2.35 |
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FUNKAI
| Q1 26 | $225.6M | — | ||
| Q4 25 | $650.1M | — | ||
| Q3 25 | $1.3B | $271.6M | ||
| Q2 25 | $930.4M | $255.3M | ||
| Q1 25 | $202.1M | $239.2M | ||
| Q4 24 | — | $258.0M | ||
| Q3 24 | $1.3B | $271.6M | ||
| Q2 24 | $571.6M | $274.8M |
净利润FUNKAI
| Q1 26 | $-268.6M | — | ||
| Q4 25 | $-92.4M | — | ||
| Q3 25 | $-1.2B | $27.7M | ||
| Q2 25 | $-99.6M | $26.2M | ||
| Q1 25 | $-219.7M | $24.1M | ||
| Q4 24 | — | $24.0M | ||
| Q3 24 | $111.0M | $31.6M | ||
| Q2 24 | $55.6M | $31.3M |
毛利率FUNKAI
| Q1 26 | — | — | ||
| Q4 25 | 91.4% | — | ||
| Q3 25 | 91.6% | 45.2% | ||
| Q2 25 | 91.3% | 45.9% | ||
| Q1 25 | 89.3% | 46.1% | ||
| Q4 24 | — | 43.4% | ||
| Q3 24 | 91.9% | 44.7% | ||
| Q2 24 | 90.7% | 44.4% |
营业利润率FUNKAI
| Q1 26 | — | — | ||
| Q4 25 | -3.8% | — | ||
| Q3 25 | -83.7% | 15.7% | ||
| Q2 25 | 8.0% | 15.4% | ||
| Q1 25 | -158.9% | 14.9% | ||
| Q4 24 | — | 14.3% | ||
| Q3 24 | 19.5% | 18.0% | ||
| Q2 24 | 21.6% | 17.6% |
净利率FUNKAI
| Q1 26 | -119.0% | — | ||
| Q4 25 | -14.2% | — | ||
| Q3 25 | -90.1% | 10.2% | ||
| Q2 25 | -10.7% | 10.2% | ||
| Q1 25 | -108.7% | 10.1% | ||
| Q4 24 | — | 9.3% | ||
| Q3 24 | 8.2% | 11.6% | ||
| Q2 24 | 9.7% | 11.4% |
每股收益（稀释后）FUNKAI
| Q1 26 | — | — | ||
| Q4 25 | $-0.93 | — | ||
| Q3 25 | $-11.77 | $2.35 | ||
| Q2 25 | $-0.99 | $2.22 | ||
| Q1 25 | $-2.20 | $2.04 | ||
| Q4 24 | — | $2.04 | ||
| Q3 24 | $1.10 | $2.68 | ||
| Q2 24 | — | $2.66 |
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 | $124.5M |
| 总债务越低越好 | — | $254.6M |
| 股东权益账面价值 | $279.2M | $949.8M |
| 总资产 | $7.7B | $1.5B |
| 负债/权益比越低杠杆越低 | — | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资FUNKAI
| Q1 26 | $116.5M | — | ||
| Q4 25 | $91.1M | — | ||
| Q3 25 | $70.7M | $124.5M | ||
| Q2 25 | $107.4M | $95.3M | ||
| Q1 25 | $61.5M | $91.7M | ||
| Q4 24 | — | $94.7M | ||
| Q3 24 | $89.7M | $88.4M | ||
| Q2 24 | $52.9M | $73.8M |
总债务FUNKAI
| Q1 26 | — | — | ||
| Q4 25 | $5.2B | — | ||
| Q3 25 | $5.0B | $254.6M | ||
| Q2 25 | $5.3B | $245.7M | ||
| Q1 25 | $5.0B | $273.5M | ||
| Q4 24 | — | $285.2M | ||
| Q3 24 | $4.6B | $323.2M | ||
| Q2 24 | $2.3B | $342.0M |
股东权益FUNKAI
| Q1 26 | $279.2M | — | ||
| Q4 25 | $549.8M | — | ||
| Q3 25 | $614.3M | $949.8M | ||
| Q2 25 | $1.8B | $926.0M | ||
| Q1 25 | $1.8B | $876.0M | ||
| Q4 24 | — | $847.1M | ||
| Q3 24 | $2.3B | $851.7M | ||
| Q2 24 | — | $807.7M |
总资产FUNKAI
| Q1 26 | $7.7B | — | ||
| Q4 25 | $7.8B | — | ||
| Q3 25 | $7.9B | $1.5B | ||
| Q2 25 | $9.5B | $1.5B | ||
| Q1 25 | $9.2B | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $9.4B | $1.5B | ||
| Q2 24 | $2.3B | $1.5B |
负债/权益比FUNKAI
| Q1 26 | — | — | ||
| Q4 25 | 9.40× | — | ||
| Q3 25 | 8.16× | 0.27× | ||
| Q2 25 | 2.97× | 0.27× | ||
| Q1 25 | 2.75× | 0.31× | ||
| Q4 24 | — | 0.34× | ||
| Q3 24 | 1.95× | 0.38× | ||
| Q2 24 | — | 0.42× |
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 | — | $47.3M |
| 自由现金流经营现金流 - 资本支出 | — | $44.1M |
| 自由现金流率自由现金流/营收 | — | 16.2% |
| 资本支出强度资本支出/营收 | — | 1.2% |
| 现金转化率经营现金流/净利润 | — | 1.70× |
| 过去12个月自由现金流最近4个季度 | — | $145.9M |
8季度趋势，按日历期对齐
经营现金流FUNKAI
| Q1 26 | — | — | ||
| Q4 25 | $-37.7M | — | ||
| Q3 25 | $356.2M | $47.3M | ||
| Q2 25 | $187.0M | $40.5M | ||
| Q1 25 | $-178.0M | $22.8M | ||
| Q4 24 | — | $51.9M | ||
| Q3 24 | $337.4M | $52.5M | ||
| Q2 24 | — | $28.1M |
自由现金流FUNKAI
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | — | ||
| Q3 25 | $256.2M | $44.1M | ||
| Q2 25 | $18.8M | $36.5M | ||
| Q1 25 | $-318.0M | $19.0M | ||
| Q4 24 | — | $46.3M | ||
| Q3 24 | $227.7M | $48.3M | ||
| Q2 24 | — | $23.1M |
自由现金流率FUNKAI
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | — | ||
| Q3 25 | 19.4% | 16.2% | ||
| Q2 25 | 2.0% | 14.3% | ||
| Q1 25 | -157.4% | 7.9% | ||
| Q4 24 | — | 17.9% | ||
| Q3 24 | 16.9% | 17.8% | ||
| Q2 24 | — | 8.4% |
资本支出强度FUNKAI
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | — | ||
| Q3 25 | 7.6% | 1.2% | ||
| Q2 25 | 18.1% | 1.6% | ||
| Q1 25 | 69.3% | 1.6% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | 8.1% | 1.5% | ||
| Q2 24 | — | 1.8% |
现金转化率FUNKAI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.55× | ||
| Q1 25 | — | 0.95× | ||
| Q4 24 | — | 2.16× | ||
| Q3 24 | 3.04× | 1.66× | ||
| Q2 24 | — | 0.90× |
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% |
KAI
| Flow Control | $94.8M | 35% |
| Capital | $83.2M | 31% |
| Material Handling Systems | $70.3M | 26% |
| Transferred Over Time | $17.1M | 6% |
| Other | $6.1M | 2% |
