vs
六旗（FUN）与Loar Holdings Inc.（LOAR）财务数据对比。点击上方公司名可切换其他公司
六旗的季度营收约是Loar Holdings Inc.的1.7倍（$225.6M vs $131.8M），Loar Holdings Inc.净利率更高（9.5% vs -119.0%，领先128.5%），Loar Holdings Inc.同比增速更快（19.3% 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。
FUN vs LOAR — 直观对比
营收规模更大
FUN
是对方的1.7倍
$131.8M
营收增速更快
LOAR
高出7.6%
11.7%
净利率更高
LOAR
高出128.5%
-119.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $225.6M | $131.8M |
| 净利润 | $-268.6M | $12.5M |
| 毛利率 | — | 52.1% |
| 营业利润率 | — | 18.0% |
| 净利率 | -119.0% | 9.5% |
| 营收同比 | 11.7% | 19.3% |
| 净利润同比 | -22.2% | 239.5% |
| 每股收益（稀释后） | — | $0.13 |
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FUNLOAR
| Q1 26 | $225.6M | — | ||
| Q4 25 | $650.1M | $131.8M | ||
| Q3 25 | $1.3B | $126.8M | ||
| Q2 25 | $930.4M | $123.1M | ||
| Q1 25 | $202.1M | $114.7M | ||
| Q4 24 | — | $110.4M | ||
| Q3 24 | $1.3B | $103.5M | ||
| Q2 24 | $571.6M | $97.0M |
净利润FUNLOAR
| Q1 26 | $-268.6M | — | ||
| Q4 25 | $-92.4M | $12.5M | ||
| Q3 25 | $-1.2B | $27.6M | ||
| Q2 25 | $-99.6M | $16.7M | ||
| Q1 25 | $-219.7M | $15.3M | ||
| Q4 24 | — | $3.7M | ||
| Q3 24 | $111.0M | $8.7M | ||
| Q2 24 | $55.6M | $7.6M |
毛利率FUNLOAR
| Q1 26 | — | — | ||
| Q4 25 | 91.4% | 52.1% | ||
| Q3 25 | 91.6% | 52.7% | ||
| Q2 25 | 91.3% | 53.8% | ||
| Q1 25 | 89.3% | 52.1% | ||
| Q4 24 | — | 48.9% | ||
| Q3 24 | 91.9% | 51.1% | ||
| Q2 24 | 90.7% | 49.0% |
营业利润率FUNLOAR
| Q1 26 | — | — | ||
| Q4 25 | -3.8% | 18.0% | ||
| Q3 25 | -83.7% | 22.9% | ||
| Q2 25 | 8.0% | 22.2% | ||
| Q1 25 | -158.9% | 22.8% | ||
| Q4 24 | — | 19.2% | ||
| Q3 24 | 19.5% | 22.1% | ||
| Q2 24 | 21.6% | 22.9% |
净利率FUNLOAR
| Q1 26 | -119.0% | — | ||
| Q4 25 | -14.2% | 9.5% | ||
| Q3 25 | -90.1% | 21.8% | ||
| Q2 25 | -10.7% | 13.6% | ||
| Q1 25 | -108.7% | 13.4% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | 8.2% | 8.4% | ||
| Q2 24 | 9.7% | 7.9% |
每股收益（稀释后）FUNLOAR
| Q1 26 | — | — | ||
| Q4 25 | $-0.93 | $0.13 | ||
| Q3 25 | $-11.77 | $0.29 | ||
| Q2 25 | $-0.99 | $0.17 | ||
| Q1 25 | $-2.20 | $0.16 | ||
| Q4 24 | — | $-11023.48 | ||
| Q3 24 | $1.10 | $0.09 | ||
| Q2 24 | — | $0.09 |
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 | $84.8M |
| 总债务越低越好 | — | $715.7M |
| 股东权益账面价值 | $279.2M | $1.2B |
| 总资产 | $7.7B | $2.0B |
| 负债/权益比越低杠杆越低 | — | 0.61× |
8季度趋势，按日历期对齐
现金及短期投资FUNLOAR
| Q1 26 | $116.5M | — | ||
| Q4 25 | $91.1M | $84.8M | ||
| Q3 25 | $70.7M | $99.0M | ||
| Q2 25 | $107.4M | $103.3M | ||
| Q1 25 | $61.5M | $80.5M | ||
| Q4 24 | — | $54.1M | ||
| Q3 24 | $89.7M | $55.2M | ||
| Q2 24 | $52.9M | $73.2M |
总债务FUNLOAR
| Q1 26 | — | — | ||
| Q4 25 | $5.2B | $715.7M | ||
| Q3 25 | $5.0B | $279.4M | ||
| Q2 25 | $5.3B | $277.7M | ||
| Q1 25 | $5.0B | $277.5M | ||
| Q4 24 | — | $277.3M | ||
| Q3 24 | $4.6B | $602.1M | ||
| Q2 24 | $2.3B | $250.7M |
股东权益FUNLOAR
| Q1 26 | $279.2M | — | ||
| Q4 25 | $549.8M | $1.2B | ||
| Q3 25 | $614.3M | $1.2B | ||
| Q2 25 | $1.8B | $1.1B | ||
| Q1 25 | $1.8B | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $2.3B | $769.8M | ||
| Q2 24 | — | $758.4M |
总资产FUNLOAR
| Q1 26 | $7.7B | — | ||
| Q4 25 | $7.8B | $2.0B | ||
| Q3 25 | $7.9B | $1.5B | ||
| Q2 25 | $9.5B | $1.5B | ||
| Q1 25 | $9.2B | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | $9.4B | $1.5B | ||
| Q2 24 | $2.3B | $1.1B |
负债/权益比FUNLOAR
| Q1 26 | — | — | ||
| Q4 25 | 9.40× | 0.61× | ||
| Q3 25 | 8.16× | 0.24× | ||
| Q2 25 | 2.97× | 0.25× | ||
| Q1 25 | 2.75× | 0.25× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | 1.95× | 0.78× | ||
| Q2 24 | — | 0.33× |
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 | — | $30.4M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 2.43× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流FUNLOAR
| Q1 26 | — | — | ||
| Q4 25 | $-37.7M | $30.4M | ||
| Q3 25 | $356.2M | $29.7M | ||
| Q2 25 | $187.0M | $23.8M | ||
| Q1 25 | $-178.0M | $28.4M | ||
| Q4 24 | — | $20.7M | ||
| Q3 24 | $337.4M | $16.3M | ||
| Q2 24 | — | $7.1M |
自由现金流FUNLOAR
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | — | ||
| Q3 25 | $256.2M | — | ||
| Q2 25 | $18.8M | — | ||
| Q1 25 | $-318.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $227.7M | — | ||
| Q2 24 | — | — |
自由现金流率FUNLOAR
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | — | ||
| Q3 25 | 19.4% | — | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | -157.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 16.9% | — | ||
| Q2 24 | — | — |
资本支出强度FUNLOAR
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | — | ||
| Q3 25 | 7.6% | — | ||
| Q2 25 | 18.1% | — | ||
| Q1 25 | 69.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.1% | — | ||
| Q2 24 | — | — |
现金转化率FUNLOAR
| Q1 26 | — | — | ||
| Q4 25 | — | 2.43× | ||
| Q3 25 | — | 1.08× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | 1.85× | ||
| Q4 24 | — | 5.62× | ||
| Q3 24 | 3.04× | 1.89× | ||
| Q2 24 | — | 0.93× |
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% |
LOAR
| Other | $76.8M | 58% |
| Commercial Aerospace | $21.2M | 16% |
| Business Jet And General Aviation | $17.6M | 13% |
| Defense | $16.2M | 12% |
