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六旗（FUN）与LANDSTAR SYSTEM INC（LSTR）财务数据对比。点击上方公司名可切换其他公司
LANDSTAR SYSTEM INC的季度营收约是六旗的1.8倍（$1.2B vs $650.1M），LANDSTAR SYSTEM INC净利率更高（3.4% vs -14.2%，领先17.6%）
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。
Landstar System Inc.是美国专业运输服务企业，主营第三方物流业务，依托由超8800名独立自营车主、1000余名独立货运代理人、7万余家合规认证承运商组成的庞大网络，服务主要覆盖美国全境，同时提供加拿大境内及美加、美墨跨境物流服务。
FUN vs LSTR — 直观对比
营收规模更大
LSTR
是对方的1.8倍
$650.1M
净利率更高
LSTR
高出17.6%
-14.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $1.2B |
| 净利润 | $-92.4M | $39.4M |
| 毛利率 | 91.4% | 9.6% |
| 营业利润率 | -3.8% | 4.5% |
| 净利率 | -14.2% | 3.4% |
| 营收同比 | — | 1.6% |
| 净利润同比 | — | 32.3% |
| 每股收益（稀释后） | $-0.93 | $1.16 |
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FUNLSTR
| Q1 26 | — | $1.2B | ||
| Q4 25 | $650.1M | $1.2B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $930.4M | $1.2B | ||
| Q1 25 | $202.1M | $1.2B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $571.6M | $1.2B |
净利润FUNLSTR
| Q1 26 | — | $39.4M | ||
| Q4 25 | $-92.4M | $23.9M | ||
| Q3 25 | $-1.2B | $19.4M | ||
| Q2 25 | $-99.6M | $41.9M | ||
| Q1 25 | $-219.7M | $29.8M | ||
| Q4 24 | — | $46.2M | ||
| Q3 24 | $111.0M | $50.0M | ||
| Q2 24 | $55.6M | $52.6M |
毛利率FUNLSTR
| Q1 26 | — | 9.6% | ||
| Q4 25 | 91.4% | — | ||
| Q3 25 | 91.6% | — | ||
| Q2 25 | 91.3% | — | ||
| Q1 25 | 89.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 91.9% | — | ||
| Q2 24 | 90.7% | — |
营业利润率FUNLSTR
| Q1 26 | — | 4.5% | ||
| Q4 25 | -3.8% | 2.5% | ||
| Q3 25 | -83.7% | 2.2% | ||
| Q2 25 | 8.0% | 4.6% | ||
| Q1 25 | -158.9% | 3.4% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | 19.5% | 5.2% | ||
| Q2 24 | 21.6% | 5.6% |
净利率FUNLSTR
| Q1 26 | — | 3.4% | ||
| Q4 25 | -14.2% | 2.0% | ||
| Q3 25 | -90.1% | 1.6% | ||
| Q2 25 | -10.7% | 3.5% | ||
| Q1 25 | -108.7% | 2.6% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | 8.2% | 4.1% | ||
| Q2 24 | 9.7% | 4.3% |
每股收益（稀释后）FUNLSTR
| Q1 26 | — | $1.16 | ||
| Q4 25 | $-0.93 | $0.70 | ||
| Q3 25 | $-11.77 | $0.56 | ||
| Q2 25 | $-0.99 | $1.20 | ||
| Q1 25 | $-2.20 | $0.85 | ||
| Q4 24 | — | $1.30 | ||
| Q3 24 | $1.10 | $1.41 | ||
| Q2 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 | $411.0M |
| 总债务越低越好 | $5.2B | $26.1M |
| 股东权益账面价值 | $549.8M | $799.0M |
| 总资产 | $7.8B | $1.6B |
| 负债/权益比越低杠杆越低 | 9.40× | 0.03× |
8季度趋势，按日历期对齐
现金及短期投资FUNLSTR
| Q1 26 | — | $411.0M | ||
| Q4 25 | $91.1M | $452.2M | ||
| Q3 25 | $70.7M | $434.4M | ||
| Q2 25 | $107.4M | $426.2M | ||
| Q1 25 | $61.5M | $473.4M | ||
| Q4 24 | — | $566.6M | ||
| Q3 24 | $89.7M | $531.3M | ||
| Q2 24 | $52.9M | $504.0M |
总债务FUNLSTR
| Q1 26 | — | $26.1M | ||
| Q4 25 | $5.2B | $0 | ||
| Q3 25 | $5.0B | $0 | ||
| Q2 25 | $5.3B | $0 | ||
| Q1 25 | $5.0B | $0 | ||
| Q4 24 | — | $0 | ||
| Q3 24 | $4.6B | $0 | ||
| Q2 24 | $2.3B | $0 |
股东权益FUNLSTR
| Q1 26 | — | $799.0M | ||
| Q4 25 | $549.8M | $795.7M | ||
| Q3 25 | $614.3M | $888.7M | ||
| Q2 25 | $1.8B | $921.8M | ||
| Q1 25 | $1.8B | $930.8M | ||
| Q4 24 | — | $972.4M | ||
| Q3 24 | $2.3B | $1.0B | ||
| Q2 24 | — | $1.0B |
总资产FUNLSTR
| Q1 26 | — | $1.6B | ||
| Q4 25 | $7.8B | $1.6B | ||
| Q3 25 | $7.9B | $1.7B | ||
| Q2 25 | $9.5B | $1.7B | ||
| Q1 25 | $9.2B | $1.7B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $9.4B | $1.8B | ||
| Q2 24 | $2.3B | $1.8B |
负债/权益比FUNLSTR
| Q1 26 | — | 0.03× | ||
| Q4 25 | 9.40× | 0.00× | ||
| Q3 25 | 8.16× | 0.00× | ||
| Q2 25 | 2.97× | 0.00× | ||
| Q1 25 | 2.75× | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | 1.95× | 0.00× | ||
| Q2 24 | — | 0.00× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | — |
| 自由现金流率自由现金流/营收 | -16.8% | — |
| 资本支出强度资本支出/营收 | 11.0% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流FUNLSTR
| Q1 26 | — | — | ||
| Q4 25 | $-37.7M | $72.7M | ||
| Q3 25 | $356.2M | $89.3M | ||
| Q2 25 | $187.0M | $7.1M | ||
| Q1 25 | $-178.0M | $55.7M | ||
| Q4 24 | — | $61.1M | ||
| Q3 24 | $337.4M | $83.1M | ||
| Q2 24 | — | $48.1M |
自由现金流FUNLSTR
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | $70.5M | ||
| Q3 25 | $256.2M | $86.0M | ||
| Q2 25 | $18.8M | $4.7M | ||
| Q1 25 | $-318.0M | $53.8M | ||
| Q4 24 | — | $54.4M | ||
| Q3 24 | $227.7M | $75.6M | ||
| Q2 24 | — | $40.6M |
自由现金流率FUNLSTR
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | 6.0% | ||
| Q3 25 | 19.4% | 7.1% | ||
| Q2 25 | 2.0% | 0.4% | ||
| Q1 25 | -157.4% | 4.7% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | 16.9% | 6.2% | ||
| Q2 24 | — | 3.3% |
资本支出强度FUNLSTR
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | 0.2% | ||
| Q3 25 | 7.6% | 0.3% | ||
| Q2 25 | 18.1% | 0.2% | ||
| Q1 25 | 69.3% | 0.2% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | 8.1% | 0.6% | ||
| Q2 24 | — | 0.6% |
现金转化率FUNLSTR
| Q1 26 | — | — | ||
| Q4 25 | — | 3.04× | ||
| Q3 25 | — | 4.61× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 1.87× | ||
| Q4 24 | — | 1.32× | ||
| Q3 24 | 3.04× | 1.66× | ||
| Q2 24 | — | 0.91× |
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% |
LSTR
暂无分部数据
