vs
六旗（FUN）与Liberty Latin America Ltd.（LILA）财务数据对比。点击上方公司名可切换其他公司
Liberty Latin America Ltd.的季度营收约是六旗的1.8倍（$1.2B vs $650.1M），Liberty Latin America Ltd.净利率更高（-4.7% vs -14.2%，领先9.5%），Liberty Latin America Ltd.自由现金流更多（$320.1M 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。
自由拉丁美洲有限公司是一家跨国电信运营商，由自由媒体国际业务板块与UnitedGlobalCom（UGC）于2005年合并而成，注册地位于百慕大，在伦敦、阿姆斯特丹和丹佛设有总部，旗下包含英国、荷兰等多地运营主体，相关业务覆盖电信服务领域。
FUN vs LILA — 直观对比
营收规模更大
LILA
是对方的1.8倍
$650.1M
净利率更高
LILA
高出9.5%
-14.2%
自由现金流更多
LILA
多$429.4M
$-109.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $1.2B |
| 净利润 | $-92.4M | $-54.8M |
| 毛利率 | 91.4% | 77.3% |
| 营业利润率 | -3.8% | 10.8% |
| 净利率 | -14.2% | -4.7% |
| 营收同比 | — | 1.7% |
| 净利润同比 | — | 74.0% |
| 每股收益（稀释后） | $-0.93 | $-0.27 |
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FUNLILA
| Q4 25 | $650.1M | $1.2B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $930.4M | $1.1B | ||
| Q1 25 | $202.1M | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $571.6M | $1.1B | ||
| Q1 24 | — | $1.1B |
净利润FUNLILA
| Q4 25 | $-92.4M | $-54.8M | ||
| Q3 25 | $-1.2B | $3.3M | ||
| Q2 25 | $-99.6M | $-423.3M | ||
| Q1 25 | $-219.7M | $-136.4M | ||
| Q4 24 | — | $-210.4M | ||
| Q3 24 | $111.0M | $-435.8M | ||
| Q2 24 | $55.6M | $-42.7M | ||
| Q1 24 | — | $-500.0K |
毛利率FUNLILA
| Q4 25 | 91.4% | 77.3% | ||
| Q3 25 | 91.6% | 77.7% | ||
| Q2 25 | 91.3% | 78.6% | ||
| Q1 25 | 89.3% | 78.5% | ||
| Q4 24 | — | 76.1% | ||
| Q3 24 | 91.9% | 78.7% | ||
| Q2 24 | 90.7% | 78.1% | ||
| Q1 24 | — | 78.2% |
营业利润率FUNLILA
| Q4 25 | -3.8% | 10.8% | ||
| Q3 25 | -83.7% | 16.9% | ||
| Q2 25 | 8.0% | -30.6% | ||
| Q1 25 | -158.9% | 11.8% | ||
| Q4 24 | — | 8.7% | ||
| Q3 24 | 19.5% | -34.9% | ||
| Q2 24 | 21.6% | 9.9% | ||
| Q1 24 | — | 8.4% |
净利率FUNLILA
| Q4 25 | -14.2% | -4.7% | ||
| Q3 25 | -90.1% | 0.3% | ||
| Q2 25 | -10.7% | -39.0% | ||
| Q1 25 | -108.7% | -12.6% | ||
| Q4 24 | — | -18.5% | ||
| Q3 24 | 8.2% | -40.0% | ||
| Q2 24 | 9.7% | -3.8% | ||
| Q1 24 | — | -0.0% |
每股收益（稀释后）FUNLILA
| Q4 25 | $-0.93 | $-0.27 | ||
| Q3 25 | $-11.77 | $0.02 | ||
| Q2 25 | $-0.99 | $-2.12 | ||
| Q1 25 | $-2.20 | $-0.69 | ||
| Q4 24 | — | $-1.03 | ||
| Q3 24 | $1.10 | $-2.22 | ||
| Q2 24 | — | $-0.22 | ||
| Q1 24 | — | $0.00 |
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 | $783.9M |
| 总债务越低越好 | $5.2B | $7.9B |
| 股东权益账面价值 | $549.8M | $555.6M |
| 总资产 | $7.8B | $12.2B |
| 负债/权益比越低杠杆越低 | 9.40× | 14.17× |
8季度趋势，按日历期对齐
现金及短期投资FUNLILA
| Q4 25 | $91.1M | $783.9M | ||
| Q3 25 | $70.7M | $596.7M | ||
| Q2 25 | $107.4M | $514.4M | ||
| Q1 25 | $61.5M | $575.5M | ||
| Q4 24 | — | $654.3M | ||
| Q3 24 | $89.7M | $588.6M | ||
| Q2 24 | $52.9M | $598.6M | ||
| Q1 24 | — | $668.5M |
总债务FUNLILA
| Q4 25 | $5.2B | $7.9B | ||
| Q3 25 | $5.0B | $7.8B | ||
| Q2 25 | $5.3B | $7.6B | ||
| Q1 25 | $5.0B | $7.6B | ||
| Q4 24 | — | $7.6B | ||
| Q3 24 | $4.6B | $7.6B | ||
| Q2 24 | $2.3B | $7.6B | ||
| Q1 24 | — | $7.6B |
股东权益FUNLILA
| Q4 25 | $549.8M | $555.6M | ||
| Q3 25 | $614.3M | $628.9M | ||
| Q2 25 | $1.8B | $608.4M | ||
| Q1 25 | $1.8B | $1.0B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $2.3B | $1.2B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.7B |
总资产FUNLILA
| Q4 25 | $7.8B | $12.2B | ||
| Q3 25 | $7.9B | $12.0B | ||
| Q2 25 | $9.5B | $12.0B | ||
| Q1 25 | $9.2B | $12.6B | ||
| Q4 24 | — | $12.8B | ||
| Q3 24 | $9.4B | $12.7B | ||
| Q2 24 | $2.3B | $13.2B | ||
| Q1 24 | — | $13.3B |
负债/权益比FUNLILA
| Q4 25 | 9.40× | 14.17× | ||
| Q3 25 | 8.16× | 12.45× | ||
| Q2 25 | 2.97× | 12.50× | ||
| Q1 25 | 2.75× | 7.47× | ||
| Q4 24 | — | 6.99× | ||
| Q3 24 | 1.95× | 6.20× | ||
| Q2 24 | — | 4.59× | ||
| Q1 24 | — | 4.38× |
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 | $461.9M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | $320.1M |
| 自由现金流率自由现金流/营收 | -16.8% | 27.6% |
| 资本支出强度资本支出/营收 | 11.0% | 12.2% |
| 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 | $-152.2M | $305.9M |
8季度趋势，按日历期对齐
经营现金流FUNLILA
| Q4 25 | $-37.7M | $461.9M | ||
| Q3 25 | $356.2M | $178.2M | ||
| Q2 25 | $187.0M | $141.2M | ||
| Q1 25 | $-178.0M | $24.6M | ||
| Q4 24 | — | $398.6M | ||
| Q3 24 | $337.4M | $177.5M | ||
| Q2 24 | — | $156.9M | ||
| Q1 24 | — | $23.3M |
自由现金流FUNLILA
| Q4 25 | $-109.3M | $320.1M | ||
| Q3 25 | $256.2M | $56.0M | ||
| Q2 25 | $18.8M | $1.9M | ||
| Q1 25 | $-318.0M | $-72.1M | ||
| Q4 24 | — | $234.9M | ||
| Q3 24 | $227.7M | $51.0M | ||
| Q2 24 | — | $16.4M | ||
| Q1 24 | — | $-86.4M |
自由现金流率FUNLILA
| Q4 25 | -16.8% | 27.6% | ||
| Q3 25 | 19.4% | 5.0% | ||
| Q2 25 | 2.0% | 0.2% | ||
| Q1 25 | -157.4% | -6.7% | ||
| Q4 24 | — | 20.6% | ||
| Q3 24 | 16.9% | 4.7% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | -7.9% |
资本支出强度FUNLILA
| Q4 25 | 11.0% | 12.2% | ||
| Q3 25 | 7.6% | 11.0% | ||
| Q2 25 | 18.1% | 12.8% | ||
| Q1 25 | 69.3% | 8.9% | ||
| Q4 24 | — | 14.4% | ||
| Q3 24 | 8.1% | 11.6% | ||
| Q2 24 | — | 12.6% | ||
| Q1 24 | — | 10.0% |
现金转化率FUNLILA
| Q4 25 | — | — | ||
| Q3 25 | — | 54.00× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.04× | — | ||
| Q2 24 | — | — | ||
| Q1 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
| Admission | $327.4M | 50% |
| Food Merchandiseand Gaming | $205.7M | 32% |
| Accommodations Extra Charge Products And Other | $117.0M | 18% |
LILA
| Liberty Cablevisionof Puerto Rico LLC Liberty Puerto Rico | $301.3M | 26% |
| Cable Wireless Communications Limited CW Panama | $230.1M | 20% |
| Costa Rica Segment | $168.2M | 15% |
| Liberty Networks | $129.3M | 11% |
| Cable Subscription | $112.4M | 10% |
| Mobile Subscription | $95.9M | 8% |
| Mobile Handset And Other Devices | $73.0M | 6% |
| Liberty Networks Other | $25.0M | 2% |
| Mobile Non Subscription | $21.6M | 2% |
| B2B Mobile Handsetand Other Devices | $7.0M | 1% |
| Cable Non Subscription | $4.3M | 0% |
