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六旗（FUN）与迈心诺（MASI）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迈心诺的1.7倍（$650.1M vs $371.5M），六旗净利率更高（-14.2% vs -27.0%，领先12.8%），迈心诺自由现金流更多（$50.9M 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。
迈心诺（Masimo Corporation）是总部位于美国加利福尼亚州尔湾的健康科技及消费电子企业，核心产品包括面向医院及家用场景的患者监护设备、无创传感器及配套软件平台，同时也布局了消费级音频和可穿戴设备赛道。
FUN vs MASI — 直观对比
营收规模更大
FUN
是对方的1.7倍
$371.5M
净利率更高
FUN
高出12.8%
-27.0%
自由现金流更多
MASI
多$160.2M
$-109.3M
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $371.5M |
| 净利润 | $-92.4M | $-100.4M |
| 毛利率 | 91.4% | 62.1% |
| 营业利润率 | -3.8% | 22.5% |
| 净利率 | -14.2% | -27.0% |
| 营收同比 | — | -26.4% |
| 净利润同比 | — | -1124.5% |
| 每股收益（稀释后） | $-0.93 | $-1.84 |
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FUNMASI
| Q4 25 | $650.1M | — | ||
| Q3 25 | $1.3B | $371.5M | ||
| Q2 25 | $930.4M | $370.9M | ||
| Q1 25 | $202.1M | $372.0M | ||
| Q4 24 | — | $600.7M | ||
| Q3 24 | $1.3B | $504.6M | ||
| Q2 24 | $571.6M | $496.3M | ||
| Q1 24 | — | $492.8M |
净利润FUNMASI
| Q4 25 | $-92.4M | — | ||
| Q3 25 | $-1.2B | $-100.4M | ||
| Q2 25 | $-99.6M | $51.3M | ||
| Q1 25 | $-219.7M | $-170.7M | ||
| Q4 24 | — | $-349.6M | ||
| Q3 24 | $111.0M | $9.8M | ||
| Q2 24 | $55.6M | $16.0M | ||
| Q1 24 | — | $18.9M |
毛利率FUNMASI
| Q4 25 | 91.4% | — | ||
| Q3 25 | 91.6% | 62.1% | ||
| Q2 25 | 91.3% | 62.9% | ||
| Q1 25 | 89.3% | 62.9% | ||
| Q4 24 | — | 40.7% | ||
| Q3 24 | 91.9% | 52.2% | ||
| Q2 24 | 90.7% | 51.3% | ||
| Q1 24 | — | 49.0% |
营业利润率FUNMASI
| Q4 25 | -3.8% | — | ||
| Q3 25 | -83.7% | 22.5% | ||
| Q2 25 | 8.0% | 17.4% | ||
| Q1 25 | -158.9% | 21.0% | ||
| Q4 24 | — | -59.8% | ||
| Q3 24 | 19.5% | 6.0% | ||
| Q2 24 | 21.6% | 5.7% | ||
| Q1 24 | — | 6.9% |
净利率FUNMASI
| Q4 25 | -14.2% | — | ||
| Q3 25 | -90.1% | -27.0% | ||
| Q2 25 | -10.7% | 13.8% | ||
| Q1 25 | -108.7% | -45.9% | ||
| Q4 24 | — | -58.2% | ||
| Q3 24 | 8.2% | 1.9% | ||
| Q2 24 | 9.7% | 3.2% | ||
| Q1 24 | — | 3.8% |
每股收益（稀释后）FUNMASI
| Q4 25 | $-0.93 | — | ||
| Q3 25 | $-11.77 | $-1.84 | ||
| Q2 25 | $-0.99 | $0.94 | ||
| Q1 25 | $-2.20 | $-3.12 | ||
| Q4 24 | — | $-6.54 | ||
| Q3 24 | $1.10 | $0.18 | ||
| Q2 24 | — | $0.29 | ||
| Q1 24 | — | $0.35 |
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 | $312.3M |
| 总债务越低越好 | $5.2B | $559.1M |
| 股东权益账面价值 | $549.8M | $810.0M |
| 总资产 | $7.8B | $1.8B |
| 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FUNMASI
| Q4 25 | $91.1M | — | ||
| Q3 25 | $70.7M | $312.3M | ||
| Q2 25 | $107.4M | $149.6M | ||
| Q1 25 | $61.5M | $130.8M | ||
| Q4 24 | — | $177.6M | ||
| Q3 24 | $89.7M | $158.5M | ||
| Q2 24 | $52.9M | $129.6M | ||
| Q1 24 | — | $157.6M |
总债务FUNMASI
| Q4 25 | $5.2B | — | ||
| Q3 25 | $5.0B | $559.1M | ||
| Q2 25 | $5.3B | $613.7M | ||
| Q1 25 | $5.0B | $651.0M | ||
| Q4 24 | — | $765.2M | ||
| Q3 24 | $4.6B | $772.6M | ||
| Q2 24 | $2.3B | $781.6M | ||
| Q1 24 | — | $876.0M |
股东权益FUNMASI
| Q4 25 | $549.8M | — | ||
| Q3 25 | $614.3M | $810.0M | ||
| Q2 25 | $1.8B | $1.0B | ||
| Q1 25 | $1.8B | $946.4M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $2.3B | $1.5B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.4B |
总资产FUNMASI
| Q4 25 | $7.8B | — | ||
| Q3 25 | $7.9B | $1.8B | ||
| Q2 25 | $9.5B | $2.4B | ||
| Q1 25 | $9.2B | $2.3B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | $9.4B | $3.1B | ||
| Q2 24 | $2.3B | $2.9B | ||
| Q1 24 | — | $3.0B |
负债/权益比FUNMASI
| Q4 25 | 9.40× | — | ||
| Q3 25 | 8.16× | 0.69× | ||
| Q2 25 | 2.97× | 0.59× | ||
| Q1 25 | 2.75× | 0.69× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | 1.95× | 0.53× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | — | 0.64× |
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 | $56.8M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | $50.9M |
| 自由现金流率自由现金流/营收 | -16.8% | 13.7% |
| 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 | — | — |
| 过去12个月自由现金流最近4个季度 | $-152.2M | $191.0M |
8季度趋势，按日历期对齐
经营现金流FUNMASI
| Q4 25 | $-37.7M | — | ||
| Q3 25 | $356.2M | $56.8M | ||
| Q2 25 | $187.0M | $69.4M | ||
| Q1 25 | $-178.0M | $31.1M | ||
| Q4 24 | — | $50.5M | ||
| Q3 24 | $337.4M | $25.6M | ||
| Q2 24 | — | $74.5M | ||
| Q1 24 | — | $45.8M |
自由现金流FUNMASI
| Q4 25 | $-109.3M | — | ||
| Q3 25 | $256.2M | $50.9M | ||
| Q2 25 | $18.8M | $65.6M | ||
| Q1 25 | $-318.0M | $28.5M | ||
| Q4 24 | — | $46.0M | ||
| Q3 24 | $227.7M | $16.9M | ||
| Q2 24 | — | $66.9M | ||
| Q1 24 | — | $37.6M |
自由现金流率FUNMASI
| Q4 25 | -16.8% | — | ||
| Q3 25 | 19.4% | 13.7% | ||
| Q2 25 | 2.0% | 17.7% | ||
| Q1 25 | -157.4% | 7.7% | ||
| Q4 24 | — | 7.7% | ||
| Q3 24 | 16.9% | 3.3% | ||
| Q2 24 | — | 13.5% | ||
| Q1 24 | — | 7.6% |
资本支出强度FUNMASI
| Q4 25 | 11.0% | — | ||
| Q3 25 | 7.6% | 1.6% | ||
| Q2 25 | 18.1% | 1.0% | ||
| Q1 25 | 69.3% | 0.7% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | 8.1% | 1.7% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 1.7% |
现金转化率FUNMASI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.35× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.04× | 2.61× | ||
| Q2 24 | — | 4.66× | ||
| Q1 24 | — | 2.42× |
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% |
MASI
暂无分部数据
