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六旗（FUN）与KIRBY CORP（KEX）财务数据对比。点击上方公司名可切换其他公司
KIRBY CORP的季度营收约是六旗的3.7倍（$844.1M vs $225.6M），KIRBY CORP净利率更高（9.6% vs -119.0%，领先128.7%），六旗同比增速更快（11.7% vs 7.4%）
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。
总部位于美国得克萨斯州休斯顿的Kirby Corporation是美国最大的罐驳船运营商，业务覆盖密西西比河水系、海湾沿岸航道、美国三大海岸沿线及阿拉斯加、夏威夷地区，主营通过罐驳船运输石化产品、黑油、精炼石油制品、农化产品，同时拥有并运营8组远洋驳船及拖船运输单元。
FUN vs KEX — 直观对比
营收规模更大
KEX
是对方的3.7倍
$225.6M
营收增速更快
FUN
高出4.2%
7.4%
净利率更高
KEX
高出128.7%
-119.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $225.6M | $844.1M |
| 净利润 | $-268.6M | $81.3M |
| 毛利率 | — | — |
| 营业利润率 | — | 12.8% |
| 净利率 | -119.0% | 9.6% |
| 营收同比 | 11.7% | 7.4% |
| 净利润同比 | -22.2% | 6.6% |
| 每股收益（稀释后） | — | $1.50 |
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FUNKEX
| Q1 26 | $225.6M | $844.1M | ||
| Q4 25 | $650.1M | $851.8M | ||
| Q3 25 | $1.3B | $871.2M | ||
| Q2 25 | $930.4M | $855.5M | ||
| Q1 25 | $202.1M | $785.7M | ||
| Q4 24 | — | $802.3M | ||
| Q3 24 | $1.3B | $831.1M | ||
| Q2 24 | $571.6M | $824.4M |
净利润FUNKEX
| Q1 26 | $-268.6M | $81.3M | ||
| Q4 25 | $-92.4M | $91.8M | ||
| Q3 25 | $-1.2B | $92.5M | ||
| Q2 25 | $-99.6M | $94.3M | ||
| Q1 25 | $-219.7M | $76.0M | ||
| Q4 24 | — | $42.8M | ||
| Q3 24 | $111.0M | $90.0M | ||
| Q2 24 | $55.6M | $83.9M |
毛利率FUNKEX
| 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FUNKEX
| Q1 26 | — | 12.8% | ||
| Q4 25 | -3.8% | 15.2% | ||
| Q3 25 | -83.7% | 14.8% | ||
| Q2 25 | 8.0% | 15.4% | ||
| Q1 25 | -158.9% | 13.4% | ||
| Q4 24 | — | 6.3% | ||
| Q3 24 | 19.5% | 15.3% | ||
| Q2 24 | 21.6% | 14.6% |
净利率FUNKEX
| Q1 26 | -119.0% | 9.6% | ||
| Q4 25 | -14.2% | 10.8% | ||
| Q3 25 | -90.1% | 10.6% | ||
| Q2 25 | -10.7% | 11.0% | ||
| Q1 25 | -108.7% | 9.7% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | 8.2% | 10.8% | ||
| Q2 24 | 9.7% | 10.2% |
每股收益（稀释后）FUNKEX
| Q1 26 | — | $1.50 | ||
| Q4 25 | $-0.93 | $1.68 | ||
| Q3 25 | $-11.77 | $1.65 | ||
| Q2 25 | $-0.99 | $1.67 | ||
| Q1 25 | $-2.20 | $1.33 | ||
| Q4 24 | — | $0.74 | ||
| Q3 24 | $1.10 | $1.55 | ||
| Q2 24 | — | $1.43 |
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 | $58.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $279.2M | $3.4B |
| 总资产 | $7.7B | — |
| 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FUNKEX
| Q1 26 | $116.5M | $58.0M | ||
| Q4 25 | $91.1M | $78.8M | ||
| Q3 25 | $70.7M | $47.0M | ||
| Q2 25 | $107.4M | $68.4M | ||
| Q1 25 | $61.5M | $51.1M | ||
| Q4 24 | — | $74.4M | ||
| Q3 24 | $89.7M | $67.1M | ||
| Q2 24 | $52.9M | $53.5M |
总债务FUNKEX
| Q1 26 | — | — | ||
| Q4 25 | $5.2B | $919.3M | ||
| Q3 25 | $5.0B | $1.0B | ||
| Q2 25 | $5.3B | $1.1B | ||
| Q1 25 | $5.0B | $1.1B | ||
| Q4 24 | — | $874.9M | ||
| Q3 24 | $4.6B | $978.6M | ||
| Q2 24 | $2.3B | $1.0B |
股东权益FUNKEX
| Q1 26 | $279.2M | $3.4B | ||
| Q4 25 | $549.8M | $3.4B | ||
| Q3 25 | $614.3M | $3.4B | ||
| Q2 25 | $1.8B | $3.4B | ||
| Q1 25 | $1.8B | $3.3B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | $2.3B | $3.3B | ||
| Q2 24 | — | $3.3B |
总资产FUNKEX
| Q1 26 | $7.7B | — | ||
| Q4 25 | $7.8B | $6.0B | ||
| Q3 25 | $7.9B | $6.1B | ||
| Q2 25 | $9.5B | $6.1B | ||
| Q1 25 | $9.2B | $6.0B | ||
| Q4 24 | — | $5.9B | ||
| Q3 24 | $9.4B | $5.9B | ||
| Q2 24 | $2.3B | $5.9B |
负债/权益比FUNKEX
| Q1 26 | — | — | ||
| Q4 25 | 9.40× | 0.27× | ||
| Q3 25 | 8.16× | 0.31× | ||
| Q2 25 | 2.97× | 0.33× | ||
| Q1 25 | 2.75× | 0.33× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | 1.95× | 0.30× | ||
| Q2 24 | — | 0.32× |
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 | — | $97.7M |
| 自由现金流经营现金流 - 资本支出 | — | $49.4M |
| 自由现金流率自由现金流/营收 | — | 5.9% |
| 资本支出强度资本支出/营收 | — | 5.7% |
| 现金转化率经营现金流/净利润 | — | 1.20× |
| 过去12个月自由现金流最近4个季度 | — | $497.3M |
8季度趋势，按日历期对齐
经营现金流FUNKEX
| Q1 26 | — | $97.7M | ||
| Q4 25 | $-37.7M | $312.2M | ||
| Q3 25 | $356.2M | $227.5M | ||
| Q2 25 | $187.0M | $93.9M | ||
| Q1 25 | $-178.0M | $36.5M | ||
| Q4 24 | — | $247.4M | ||
| Q3 24 | $337.4M | $206.5M | ||
| Q2 24 | — | $179.3M |
自由现金流FUNKEX
| Q1 26 | — | $49.4M | ||
| Q4 25 | $-109.3M | $265.2M | ||
| Q3 25 | $256.2M | $160.3M | ||
| Q2 25 | $18.8M | $22.4M | ||
| Q1 25 | $-318.0M | $-42.1M | ||
| Q4 24 | — | $150.7M | ||
| Q3 24 | $227.7M | $130.1M | ||
| Q2 24 | — | $90.8M |
自由现金流率FUNKEX
| Q1 26 | — | 5.9% | ||
| Q4 25 | -16.8% | 31.1% | ||
| Q3 25 | 19.4% | 18.4% | ||
| Q2 25 | 2.0% | 2.6% | ||
| Q1 25 | -157.4% | -5.4% | ||
| Q4 24 | — | 18.8% | ||
| Q3 24 | 16.9% | 15.7% | ||
| Q2 24 | — | 11.0% |
资本支出强度FUNKEX
| Q1 26 | — | 5.7% | ||
| Q4 25 | 11.0% | 5.5% | ||
| Q3 25 | 7.6% | 7.7% | ||
| Q2 25 | 18.1% | 8.4% | ||
| Q1 25 | 69.3% | 10.0% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | 8.1% | 9.2% | ||
| Q2 24 | — | 10.7% |
现金转化率FUNKEX
| Q1 26 | — | 1.20× | ||
| Q4 25 | — | 3.40× | ||
| Q3 25 | — | 2.46× | ||
| Q2 25 | — | 1.00× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | — | 5.78× | ||
| Q3 24 | 3.04× | 2.30× | ||
| Q2 24 | — | 2.14× |
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% |
KEX
| Marine transportation | $497.2M | 59% |
| Distribution and services | $346.9M | 41% |
