vs
六旗（FUN）与Pediatrix Medical Group, Inc.（MD）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Pediatrix Medical Group, Inc.的1.3倍（$650.1M vs $493.8M），Pediatrix Medical Group, Inc.净利率更高（6.8% vs -14.2%，领先21.0%）
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。
Pediatrix Medical Group是美国领先的专科医疗服务提供商，核心业务覆盖母胎医学、新生儿科、儿科心脏病学等儿科亚专科领域，与美国各地医疗机构合作，为女性、新生儿及儿童提供循证专科医疗服务。
FUN vs MD — 直观对比
营收规模更大
FUN
是对方的1.3倍
$493.8M
净利率更高
MD
高出21.0%
-14.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $493.8M |
| 净利润 | $-92.4M | $33.7M |
| 毛利率 | 91.4% | — |
| 营业利润率 | -3.8% | 9.9% |
| 净利率 | -14.2% | 6.8% |
| 营收同比 | — | -1.7% |
| 净利润同比 | — | 10.5% |
| 每股收益（稀释后） | $-0.93 | $0.40 |
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FUNMD
| Q4 25 | $650.1M | $493.8M | ||
| Q3 25 | $1.3B | $492.9M | ||
| Q2 25 | $930.4M | $468.8M | ||
| Q1 25 | $202.1M | $458.4M | ||
| Q4 24 | — | $502.4M | ||
| Q3 24 | $1.3B | $511.2M | ||
| Q2 24 | $571.6M | $504.3M | ||
| Q1 24 | — | $495.1M |
净利润FUNMD
| Q4 25 | $-92.4M | $33.7M | ||
| Q3 25 | $-1.2B | $71.7M | ||
| Q2 25 | $-99.6M | $39.3M | ||
| Q1 25 | $-219.7M | $20.7M | ||
| Q4 24 | — | $30.5M | ||
| Q3 24 | $111.0M | $19.4M | ||
| Q2 24 | $55.6M | $-153.0M | ||
| Q1 24 | — | $4.0M |
毛利率FUNMD
| 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% | — | ||
| Q1 24 | — | — |
营业利润率FUNMD
| Q4 25 | -3.8% | 9.9% | ||
| Q3 25 | -83.7% | 13.8% | ||
| Q2 25 | 8.0% | 12.8% | ||
| Q1 25 | -158.9% | 7.0% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | 19.5% | 6.6% | ||
| Q2 24 | 21.6% | -31.3% | ||
| Q1 24 | — | 3.2% |
净利率FUNMD
| Q4 25 | -14.2% | 6.8% | ||
| Q3 25 | -90.1% | 14.5% | ||
| Q2 25 | -10.7% | 8.4% | ||
| Q1 25 | -108.7% | 4.5% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | 8.2% | 3.8% | ||
| Q2 24 | 9.7% | -30.3% | ||
| Q1 24 | — | 0.8% |
每股收益（稀释后）FUNMD
| Q4 25 | $-0.93 | $0.40 | ||
| Q3 25 | $-11.77 | $0.84 | ||
| Q2 25 | $-0.99 | $0.46 | ||
| Q1 25 | $-2.20 | $0.24 | ||
| Q4 24 | — | $0.37 | ||
| Q3 24 | $1.10 | $0.23 | ||
| Q2 24 | — | $-1.84 | ||
| Q1 24 | — | $0.05 |
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 | $375.2M |
| 总债务越低越好 | $5.2B | $570.5M |
| 股东权益账面价值 | $549.8M | $865.9M |
| 总资产 | $7.8B | $2.2B |
| 负债/权益比越低杠杆越低 | 9.40× | 0.66× |
8季度趋势，按日历期对齐
现金及短期投资FUNMD
| Q4 25 | $91.1M | $375.2M | ||
| Q3 25 | $70.7M | $340.1M | ||
| Q2 25 | $107.4M | $224.7M | ||
| Q1 25 | $61.5M | $99.0M | ||
| Q4 24 | — | $229.9M | ||
| Q3 24 | $89.7M | $103.8M | ||
| Q2 24 | $52.9M | $19.4M | ||
| Q1 24 | — | $8.0M |
总债务FUNMD
| Q4 25 | $5.2B | $570.5M | ||
| Q3 25 | $5.0B | $577.2M | ||
| Q2 25 | $5.3B | $583.9M | ||
| Q1 25 | $5.0B | $590.5M | ||
| Q4 24 | — | $597.1M | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | — | — |
股东权益FUNMD
| Q4 25 | $549.8M | $865.9M | ||
| Q3 25 | $614.3M | $890.7M | ||
| Q2 25 | $1.8B | $833.8M | ||
| Q1 25 | $1.8B | $789.2M | ||
| Q4 24 | — | $764.9M | ||
| Q3 24 | $2.3B | $732.5M | ||
| Q2 24 | — | $706.5M | ||
| Q1 24 | — | $856.2M |
总资产FUNMD
| Q4 25 | $7.8B | $2.2B | ||
| Q3 25 | $7.9B | $2.2B | ||
| Q2 25 | $9.5B | $2.1B | ||
| Q1 25 | $9.2B | $2.0B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | $9.4B | $2.1B | ||
| Q2 24 | $2.3B | $2.0B | ||
| Q1 24 | — | $2.2B |
负债/权益比FUNMD
| Q4 25 | 9.40× | 0.66× | ||
| Q3 25 | 8.16× | 0.65× | ||
| Q2 25 | 2.97× | 0.70× | ||
| Q1 25 | 2.75× | 0.75× | ||
| Q4 24 | — | 0.78× | ||
| Q3 24 | 1.95× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $114.1M |
| 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 | — | 3.39× |
| 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FUNMD
| Q4 25 | $-37.7M | $114.1M | ||
| Q3 25 | $356.2M | $137.3M | ||
| Q2 25 | $187.0M | $137.2M | ||
| Q1 25 | $-178.0M | $-117.5M | ||
| Q4 24 | — | $133.0M | ||
| Q3 24 | $337.4M | $91.8M | ||
| Q2 24 | — | $107.0M | ||
| Q1 24 | — | $-125.2M |
自由现金流FUNMD
| Q4 25 | $-109.3M | — | ||
| Q3 25 | $256.2M | — | ||
| Q2 25 | $18.8M | — | ||
| Q1 25 | $-318.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $227.7M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率FUNMD
| Q4 25 | -16.8% | — | ||
| Q3 25 | 19.4% | — | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | -157.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 16.9% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度FUNMD
| Q4 25 | 11.0% | — | ||
| Q3 25 | 7.6% | — | ||
| Q2 25 | 18.1% | — | ||
| Q1 25 | 69.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.1% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率FUNMD
| Q4 25 | — | 3.39× | ||
| Q3 25 | — | 1.91× | ||
| Q2 25 | — | 3.49× | ||
| Q1 25 | — | -5.66× | ||
| Q4 24 | — | 4.36× | ||
| Q3 24 | 3.04× | 4.72× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -31.03× |
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% |
MD
| Health Care Patient Service | $421.6M | 85% |
| Hospitals Contracts | $70.0M | 14% |
| Other | $2.2M | 0% |
