vs
六旗（FUN）与LOUISIANA-PACIFIC CORP（LPX）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LOUISIANA-PACIFIC CORP的1.1倍（$650.1M vs $566.0M），LOUISIANA-PACIFIC CORP净利率更高（-1.4% vs -14.2%，领先12.8%），LOUISIANA-PACIFIC CORP自由现金流更多（$-8.0M 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。
路易斯安那-太平洋公司（简称LP）是美国知名建材制造商，成立于1973年，是美国定向结构刨花板（OSB）生产的开创者，总部现位于田纳西州纳什维尔。作为全球最大的OSB生产商，公司还生产工程木建材产品，通过建材分销商、经销商及家居零售中心向建筑商和业主供货。
FUN vs LPX — 直观对比
营收规模更大
FUN
是对方的1.1倍
$566.0M
净利率更高
LPX
高出12.8%
-14.2%
自由现金流更多
LPX
多$101.3M
$-109.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $566.0M |
| 净利润 | $-92.4M | $-8.0M |
| 毛利率 | 91.4% | 15.0% |
| 营业利润率 | -3.8% | -1.6% |
| 净利率 | -14.2% | -1.4% |
| 营收同比 | — | -16.9% |
| 净利润同比 | — | -112.9% |
| 每股收益（稀释后） | $-0.93 | $-0.12 |
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FUNLPX
| Q4 25 | $650.1M | $566.0M | ||
| Q3 25 | $1.3B | $663.0M | ||
| Q2 25 | $930.4M | $755.0M | ||
| Q1 25 | $202.1M | $724.0M | ||
| Q4 24 | — | $681.0M | ||
| Q3 24 | $1.3B | $722.0M | ||
| Q2 24 | $571.6M | $814.0M | ||
| Q1 24 | — | $724.0M |
净利润FUNLPX
| Q4 25 | $-92.4M | $-8.0M | ||
| Q3 25 | $-1.2B | $9.0M | ||
| Q2 25 | $-99.6M | $54.0M | ||
| Q1 25 | $-219.7M | $91.0M | ||
| Q4 24 | — | $62.0M | ||
| Q3 24 | $111.0M | $90.0M | ||
| Q2 24 | $55.6M | $160.0M | ||
| Q1 24 | — | $108.0M |
毛利率FUNLPX
| Q4 25 | 91.4% | 15.0% | ||
| Q3 25 | 91.6% | 19.5% | ||
| Q2 25 | 91.3% | 23.6% | ||
| Q1 25 | 89.3% | 27.2% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | 91.9% | 26.7% | ||
| Q2 24 | 90.7% | 32.3% | ||
| Q1 24 | — | 29.6% |
营业利润率FUNLPX
| Q4 25 | -3.8% | -1.6% | ||
| Q3 25 | -83.7% | 2.7% | ||
| Q2 25 | 8.0% | 10.6% | ||
| Q1 25 | -158.9% | 16.6% | ||
| Q4 24 | — | 11.0% | ||
| Q3 24 | 19.5% | 16.1% | ||
| Q2 24 | 21.6% | 23.8% | ||
| Q1 24 | — | 20.0% |
净利率FUNLPX
| Q4 25 | -14.2% | -1.4% | ||
| Q3 25 | -90.1% | 1.4% | ||
| Q2 25 | -10.7% | 7.2% | ||
| Q1 25 | -108.7% | 12.6% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | 8.2% | 12.5% | ||
| Q2 24 | 9.7% | 19.7% | ||
| Q1 24 | — | 14.9% |
每股收益（稀释后）FUNLPX
| Q4 25 | $-0.93 | $-0.12 | ||
| Q3 25 | $-11.77 | $0.13 | ||
| Q2 25 | $-0.99 | $0.77 | ||
| Q1 25 | $-2.20 | $1.30 | ||
| Q4 24 | — | $0.90 | ||
| Q3 24 | $1.10 | $1.28 | ||
| Q2 24 | — | $2.23 | ||
| Q1 24 | — | $1.48 |
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 | $292.0M |
| 总债务越低越好 | $5.2B | $348.0M |
| 股东权益账面价值 | $549.8M | $1.7B |
| 总资产 | $7.8B | $2.6B |
| 负债/权益比越低杠杆越低 | 9.40× | 0.20× |
8季度趋势，按日历期对齐
现金及短期投资FUNLPX
| Q4 25 | $91.1M | $292.0M | ||
| Q3 25 | $70.7M | $316.0M | ||
| Q2 25 | $107.4M | $333.0M | ||
| Q1 25 | $61.5M | $256.0M | ||
| Q4 24 | — | $340.0M | ||
| Q3 24 | $89.7M | $346.0M | ||
| Q2 24 | $52.9M | $317.0M | ||
| Q1 24 | — | $244.0M |
总债务FUNLPX
| Q4 25 | $5.2B | $348.0M | ||
| Q3 25 | $5.0B | $348.0M | ||
| Q2 25 | $5.3B | $348.0M | ||
| Q1 25 | $5.0B | $348.0M | ||
| Q4 24 | — | $348.0M | ||
| Q3 24 | $4.6B | $347.0M | ||
| Q2 24 | $2.3B | $347.0M | ||
| Q1 24 | — | $347.0M |
股东权益FUNLPX
| Q4 25 | $549.8M | $1.7B | ||
| Q3 25 | $614.3M | $1.7B | ||
| Q2 25 | $1.8B | $1.7B | ||
| Q1 25 | $1.8B | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $2.3B | $1.7B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.6B |
总资产FUNLPX
| Q4 25 | $7.8B | $2.6B | ||
| Q3 25 | $7.9B | $2.6B | ||
| Q2 25 | $9.5B | $2.7B | ||
| Q1 25 | $9.2B | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | $9.4B | $2.6B | ||
| Q2 24 | $2.3B | $2.5B | ||
| Q1 24 | — | $2.5B |
负债/权益比FUNLPX
| Q4 25 | 9.40× | 0.20× | ||
| Q3 25 | 8.16× | 0.20× | ||
| Q2 25 | 2.97× | 0.20× | ||
| Q1 25 | 2.75× | 0.21× | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | 1.95× | 0.21× | ||
| Q2 24 | — | 0.21× | ||
| Q1 24 | — | 0.21× |
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 | $67.0M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | $-8.0M |
| 自由现金流率自由现金流/营收 | -16.8% | -1.4% |
| 资本支出强度资本支出/营收 | 11.0% | 13.3% |
| 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 | $-152.2M | $91.0M |
8季度趋势，按日历期对齐
经营现金流FUNLPX
| Q4 25 | $-37.7M | $67.0M | ||
| Q3 25 | $356.2M | $89.0M | ||
| Q2 25 | $187.0M | $162.0M | ||
| Q1 25 | $-178.0M | $64.0M | ||
| Q4 24 | — | $105.0M | ||
| Q3 24 | $337.4M | $183.0M | ||
| Q2 24 | — | $212.0M | ||
| Q1 24 | — | $105.0M |
自由现金流FUNLPX
| Q4 25 | $-109.3M | $-8.0M | ||
| Q3 25 | $256.2M | $5.0M | ||
| Q2 25 | $18.8M | $94.0M | ||
| Q1 25 | $-318.0M | $0 | ||
| Q4 24 | — | $43.0M | ||
| Q3 24 | $227.7M | $139.0M | ||
| Q2 24 | — | $176.0M | ||
| Q1 24 | — | $64.0M |
自由现金流率FUNLPX
| Q4 25 | -16.8% | -1.4% | ||
| Q3 25 | 19.4% | 0.8% | ||
| Q2 25 | 2.0% | 12.5% | ||
| Q1 25 | -157.4% | 0.0% | ||
| Q4 24 | — | 6.3% | ||
| Q3 24 | 16.9% | 19.3% | ||
| Q2 24 | — | 21.6% | ||
| Q1 24 | — | 8.8% |
资本支出强度FUNLPX
| Q4 25 | 11.0% | 13.3% | ||
| Q3 25 | 7.6% | 12.7% | ||
| Q2 25 | 18.1% | 9.0% | ||
| Q1 25 | 69.3% | 8.8% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | 8.1% | 6.1% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | — | 5.7% |
现金转化率FUNLPX
| Q4 25 | — | — | ||
| Q3 25 | — | 9.89× | ||
| Q2 25 | — | 3.00× | ||
| Q1 25 | — | 0.70× | ||
| Q4 24 | — | 1.69× | ||
| Q3 24 | 3.04× | 2.03× | ||
| Q2 24 | — | 1.32× | ||
| Q1 24 | — | 0.97× |
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% |
LPX
| OS Bvalueadd | $472.0M | 83% |
| Other | $84.0M | 15% |
| Otherproducts | $10.0M | 2% |
