vs
六旗（FUN）与LCI INDUSTRIES（LCII）财务数据对比。点击上方公司名可切换其他公司
LCI INDUSTRIES的季度营收约是六旗的1.4倍（$932.7M vs $650.1M），LCI INDUSTRIES净利率更高（2.0% vs -14.2%，领先16.2%），LCI INDUSTRIES自由现金流更多（$64.3M 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。
拉奇核心工业有限公司前身为巴基斯坦帝国化学工业公司，是一家总部位于卡拉奇的巴基斯坦综合性企业集团，业务覆盖聚酯、医药、农用化学品、纯碱及兽药等多品类产品的研发生产，在巴基斯坦本土工业领域拥有重要市场地位。
FUN vs LCII — 直观对比
营收规模更大
LCII
是对方的1.4倍
$650.1M
净利率更高
LCII
高出16.2%
-14.2%
自由现金流更多
LCII
多$173.6M
$-109.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $932.7M |
| 净利润 | $-92.4M | $18.7M |
| 毛利率 | 91.4% | 22.1% |
| 营业利润率 | -3.8% | 3.8% |
| 净利率 | -14.2% | 2.0% |
| 营收同比 | — | 16.1% |
| 净利润同比 | — | 95.7% |
| 每股收益（稀释后） | $-0.93 | $0.79 |
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FUNLCII
| Q4 25 | $650.1M | $932.7M | ||
| Q3 25 | $1.3B | $1.0B | ||
| Q2 25 | $930.4M | $1.1B | ||
| Q1 25 | $202.1M | $1.0B | ||
| Q4 24 | — | $803.1M | ||
| Q3 24 | $1.3B | $915.5M | ||
| Q2 24 | $571.6M | $1.1B | ||
| Q1 24 | — | $968.0M |
净利润FUNLCII
| Q4 25 | $-92.4M | $18.7M | ||
| Q3 25 | $-1.2B | $62.5M | ||
| Q2 25 | $-99.6M | $57.6M | ||
| Q1 25 | $-219.7M | $49.4M | ||
| Q4 24 | — | $9.5M | ||
| Q3 24 | $111.0M | $35.6M | ||
| Q2 24 | $55.6M | $61.2M | ||
| Q1 24 | — | $36.5M |
毛利率FUNLCII
| Q4 25 | 91.4% | 22.1% | ||
| Q3 25 | 91.6% | 24.4% | ||
| Q2 25 | 91.3% | 24.4% | ||
| Q1 25 | 89.3% | 24.1% | ||
| Q4 24 | — | 21.1% | ||
| Q3 24 | 91.9% | 24.0% | ||
| Q2 24 | 90.7% | 25.3% | ||
| Q1 24 | — | 23.1% |
营业利润率FUNLCII
| Q4 25 | -3.8% | 3.8% | ||
| Q3 25 | -83.7% | 7.3% | ||
| Q2 25 | 8.0% | 7.9% | ||
| Q1 25 | -158.9% | 7.8% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | 19.5% | 5.9% | ||
| Q2 24 | 21.6% | 8.6% | ||
| Q1 24 | — | 6.0% |
净利率FUNLCII
| Q4 25 | -14.2% | 2.0% | ||
| Q3 25 | -90.1% | 6.0% | ||
| Q2 25 | -10.7% | 5.2% | ||
| Q1 25 | -108.7% | 4.7% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | 8.2% | 3.9% | ||
| Q2 24 | 9.7% | 5.8% | ||
| Q1 24 | — | 3.8% |
每股收益（稀释后）FUNLCII
| Q4 25 | $-0.93 | $0.79 | ||
| Q3 25 | $-11.77 | $2.55 | ||
| Q2 25 | $-0.99 | $2.29 | ||
| Q1 25 | $-2.20 | $1.94 | ||
| Q4 24 | — | $0.37 | ||
| Q3 24 | $1.10 | $1.39 | ||
| Q2 24 | — | $2.40 | ||
| Q1 24 | — | $1.44 |
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 | $222.6M |
| 总债务越低越好 | $5.2B | $945.2M |
| 股东权益账面价值 | $549.8M | $1.4B |
| 总资产 | $7.8B | $3.2B |
| 负债/权益比越低杠杆越低 | 9.40× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资FUNLCII
| Q4 25 | $91.1M | $222.6M | ||
| Q3 25 | $70.7M | $199.7M | ||
| Q2 25 | $107.4M | $191.9M | ||
| Q1 25 | $61.5M | $231.2M | ||
| Q4 24 | — | $165.8M | ||
| Q3 24 | $89.7M | $161.2M | ||
| Q2 24 | $52.9M | $130.4M | ||
| Q1 24 | — | $22.6M |
总债务FUNLCII
| Q4 25 | $5.2B | $945.2M | ||
| Q3 25 | $5.0B | $947.8M | ||
| Q2 25 | $5.3B | $948.0M | ||
| Q1 25 | $5.0B | $938.3M | ||
| Q4 24 | — | $757.3M | ||
| Q3 24 | $4.6B | $822.5M | ||
| Q2 24 | $2.3B | $829.7M | ||
| Q1 24 | — | $855.3M |
股东权益FUNLCII
| Q4 25 | $549.8M | $1.4B | ||
| Q3 25 | $614.3M | $1.4B | ||
| Q2 25 | $1.8B | $1.4B | ||
| Q1 25 | $1.8B | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $2.3B | $1.4B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.4B |
总资产FUNLCII
| Q4 25 | $7.8B | $3.2B | ||
| Q3 25 | $7.9B | $3.2B | ||
| Q2 25 | $9.5B | $3.2B | ||
| Q1 25 | $9.2B | $3.1B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | $9.4B | $3.0B | ||
| Q2 24 | $2.3B | $3.0B | ||
| Q1 24 | — | $3.0B |
负债/权益比FUNLCII
| Q4 25 | 9.40× | 0.69× | ||
| Q3 25 | 8.16× | 0.70× | ||
| Q2 25 | 2.97× | 0.68× | ||
| Q1 25 | 2.75× | 0.69× | ||
| Q4 24 | — | 0.55× | ||
| Q3 24 | 1.95× | 0.58× | ||
| Q2 24 | — | 0.60× | ||
| Q1 24 | — | 0.63× |
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 | $78.9M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | $64.3M |
| 自由现金流率自由现金流/营收 | -16.8% | 6.9% |
| 资本支出强度资本支出/营收 | 11.0% | 1.6% |
| 现金转化率经营现金流/净利润 | — | 4.22× |
| 过去12个月自由现金流最近4个季度 | $-152.2M | $278.3M |
8季度趋势，按日历期对齐
经营现金流FUNLCII
| Q4 25 | $-37.7M | $78.9M | ||
| Q3 25 | $356.2M | $97.2M | ||
| Q2 25 | $187.0M | $112.2M | ||
| Q1 25 | $-178.0M | $42.7M | ||
| Q4 24 | — | $106.6M | ||
| Q3 24 | $337.4M | $78.4M | ||
| Q2 24 | — | $192.9M | ||
| Q1 24 | — | $-7.7M |
自由现金流FUNLCII
| Q4 25 | $-109.3M | $64.3M | ||
| Q3 25 | $256.2M | $80.9M | ||
| Q2 25 | $18.8M | $99.5M | ||
| Q1 25 | $-318.0M | $33.7M | ||
| Q4 24 | — | $95.7M | ||
| Q3 24 | $227.7M | $68.3M | ||
| Q2 24 | — | $180.2M | ||
| Q1 24 | — | $-16.3M |
自由现金流率FUNLCII
| Q4 25 | -16.8% | 6.9% | ||
| Q3 25 | 19.4% | 7.8% | ||
| Q2 25 | 2.0% | 9.0% | ||
| Q1 25 | -157.4% | 3.2% | ||
| Q4 24 | — | 11.9% | ||
| Q3 24 | 16.9% | 7.5% | ||
| Q2 24 | — | 17.1% | ||
| Q1 24 | — | -1.7% |
资本支出强度FUNLCII
| Q4 25 | 11.0% | 1.6% | ||
| Q3 25 | 7.6% | 1.6% | ||
| Q2 25 | 18.1% | 1.2% | ||
| Q1 25 | 69.3% | 0.9% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | 8.1% | 1.1% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 0.9% |
现金转化率FUNLCII
| Q4 25 | — | 4.22× | ||
| Q3 25 | — | 1.55× | ||
| Q2 25 | — | 1.95× | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | — | 11.17× | ||
| Q3 24 | 3.04× | 2.20× | ||
| Q2 24 | — | 3.15× | ||
| Q1 24 | — | -0.21× |
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% |
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
