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六旗（FUN）与Lucid Group, Inc.（LCID）财务数据对比。点击上方公司名可切换其他公司
Lucid Group, Inc.的季度营收约是六旗的2.3倍（$522.7M vs $225.6M），六旗净利率更高（-119.0% vs -155.7%，领先36.7%），Lucid Group, Inc.同比增速更快（122.9% vs 11.7%）
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。
Lucid Group, Inc.是总部位于美国加利福尼亚州纽瓦克的汽车科技企业，专注于电动汽车制造及先进电动汽车动力系统供应。2021年9月，公司在亚利桑那州卡萨格兰德的工厂开始生产Lucid Air豪华轿车，第二款车型Lucid Gravity SUV于2024年12月投产，同时也为阿斯顿·马丁等其他车企供应和研发动力总成技术。
FUN vs LCID — 直观对比
营收规模更大
LCID
是对方的2.3倍
$225.6M
营收增速更快
LCID
高出111.3%
11.7%
净利率更高
FUN
高出36.7%
-155.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $225.6M | $522.7M |
| 净利润 | $-268.6M | $-814.0M |
| 毛利率 | — | -80.7% |
| 营业利润率 | — | -203.7% |
| 净利率 | -119.0% | -155.7% |
| 营收同比 | 11.7% | 122.9% |
| 净利润同比 | -22.2% | -104.9% |
| 每股收益（稀释后） | — | $-8.26 |
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FUNLCID
| Q1 26 | $225.6M | — | ||
| Q4 25 | $650.1M | $522.7M | ||
| Q3 25 | $1.3B | $336.6M | ||
| Q2 25 | $930.4M | $259.4M | ||
| Q1 25 | $202.1M | $235.0M | ||
| Q4 24 | — | $234.5M | ||
| Q3 24 | $1.3B | $200.0M | ||
| Q2 24 | $571.6M | $200.6M |
净利润FUNLCID
| Q1 26 | $-268.6M | — | ||
| Q4 25 | $-92.4M | $-814.0M | ||
| Q3 25 | $-1.2B | $-978.4M | ||
| Q2 25 | $-99.6M | $-539.4M | ||
| Q1 25 | $-219.7M | $-366.2M | ||
| Q4 24 | — | $-397.2M | ||
| Q3 24 | $111.0M | $-992.5M | ||
| Q2 24 | $55.6M | $-643.4M |
毛利率FUNLCID
| Q1 26 | — | — | ||
| Q4 25 | 91.4% | -80.7% | ||
| Q3 25 | 91.6% | -99.1% | ||
| Q2 25 | 91.3% | -105.0% | ||
| Q1 25 | 89.3% | -97.2% | ||
| Q4 24 | — | -89.0% | ||
| Q3 24 | 91.9% | -106.2% | ||
| Q2 24 | 90.7% | -134.5% |
营业利润率FUNLCID
| Q1 26 | — | — | ||
| Q4 25 | -3.8% | -203.7% | ||
| Q3 25 | -83.7% | -279.9% | ||
| Q2 25 | 8.0% | -309.5% | ||
| Q1 25 | -158.9% | -294.4% | ||
| Q4 24 | — | -312.6% | ||
| Q3 24 | 19.5% | -385.2% | ||
| Q2 24 | 21.6% | -392.6% |
净利率FUNLCID
| Q1 26 | -119.0% | — | ||
| Q4 25 | -14.2% | -155.7% | ||
| Q3 25 | -90.1% | -290.7% | ||
| Q2 25 | -10.7% | -207.9% | ||
| Q1 25 | -108.7% | -155.8% | ||
| Q4 24 | — | -169.4% | ||
| Q3 24 | 8.2% | -496.1% | ||
| Q2 24 | 9.7% | -320.8% |
每股收益（稀释后）FUNLCID
| Q1 26 | — | — | ||
| Q4 25 | $-0.93 | $-8.26 | ||
| Q3 25 | $-11.77 | $-3.31 | ||
| Q2 25 | $-0.99 | $-0.28 | ||
| Q1 25 | $-2.20 | $-0.24 | ||
| Q4 24 | — | $-0.20 | ||
| Q3 24 | $1.10 | $-0.41 | ||
| Q2 24 | — | $-0.34 |
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 | $1.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $279.2M | $717.3M |
| 总资产 | $7.7B | $8.4B |
| 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FUNLCID
| Q1 26 | $116.5M | — | ||
| Q4 25 | $91.1M | $1.6B | ||
| Q3 25 | $70.7M | $2.3B | ||
| Q2 25 | $107.4M | $2.8B | ||
| Q1 25 | $61.5M | $3.6B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | $89.7M | $3.5B | ||
| Q2 24 | $52.9M | $3.2B |
总债务FUNLCID
| 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FUNLCID
| Q1 26 | $279.2M | — | ||
| Q4 25 | $549.8M | $717.3M | ||
| Q3 25 | $614.3M | $1.8B | ||
| Q2 25 | $1.8B | $2.4B | ||
| Q1 25 | $1.8B | $3.2B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | $2.3B | $2.7B | ||
| Q2 24 | — | $3.5B |
总资产FUNLCID
| Q1 26 | $7.7B | — | ||
| Q4 25 | $7.8B | $8.4B | ||
| Q3 25 | $7.9B | $8.8B | ||
| Q2 25 | $9.5B | $8.9B | ||
| Q1 25 | $9.2B | $9.2B | ||
| Q4 24 | — | $9.6B | ||
| Q3 24 | $9.4B | $8.5B | ||
| Q2 24 | $2.3B | $8.2B |
负债/权益比FUNLCID
| 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 | — | — |
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 | — | $-916.4M |
| 自由现金流经营现金流 - 资本支出 | — | $-1.2B |
| 自由现金流率自由现金流/营收 | — | -237.6% |
| 资本支出强度资本支出/营收 | — | 62.3% |
| 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 | — | $-3.8B |
8季度趋势，按日历期对齐
经营现金流FUNLCID
| Q1 26 | — | — | ||
| Q4 25 | $-37.7M | $-916.4M | ||
| Q3 25 | $356.2M | $-756.6M | ||
| Q2 25 | $187.0M | $-830.2M | ||
| Q1 25 | $-178.0M | $-428.6M | ||
| Q4 24 | — | $-533.1M | ||
| Q3 24 | $337.4M | $-462.8M | ||
| Q2 24 | — | $-507.0M |
自由现金流FUNLCID
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | $-1.2B | ||
| Q3 25 | $256.2M | $-955.5M | ||
| Q2 25 | $18.8M | $-1.0B | ||
| Q1 25 | $-318.0M | $-589.9M | ||
| Q4 24 | — | $-824.8M | ||
| Q3 24 | $227.7M | $-622.5M | ||
| Q2 24 | — | $-741.3M |
自由现金流率FUNLCID
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | -237.6% | ||
| Q3 25 | 19.4% | -283.9% | ||
| Q2 25 | 2.0% | -390.4% | ||
| Q1 25 | -157.4% | -251.0% | ||
| Q4 24 | — | -351.8% | ||
| Q3 24 | 16.9% | -311.2% | ||
| Q2 24 | — | -369.6% |
资本支出强度FUNLCID
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | 62.3% | ||
| Q3 25 | 7.6% | 59.1% | ||
| Q2 25 | 18.1% | 70.4% | ||
| Q1 25 | 69.3% | 68.6% | ||
| Q4 24 | — | 124.4% | ||
| Q3 24 | 8.1% | 79.8% | ||
| Q2 24 | — | 116.8% |
现金转化率FUNLCID
| 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% |
LCID
| LCNRV | $287.2M | 55% |
| Other | $80.4M | 15% |
| Related Party | $74.4M | 14% |
| Regulatory Credits | $34.2M | 7% |
| Warranty Provision | $26.2M | 5% |
| Sale And Leaseback Transactions | $15.2M | 3% |
| Other International | $5.0M | 1% |
