vs
六旗（FUN）与微策略（MSTR）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微策略的1.8倍（$225.6M vs $123.0M），六旗同比增速更快（11.7% vs 1.9%）
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。
Strategy Inc（原名为微策略）是1989年成立的美国上市企业，主营商业智能与移动软件业务，旗下产品可帮助企业分析内外部数据以支撑经营决策，还可用于移动应用开发，总部位于弗吉尼亚州泰森斯角，商业分析赛道核心竞品包括SAP等。
FUN vs MSTR — 直观对比
营收规模更大
FUN
是对方的1.8倍
$123.0M
营收增速更快
FUN
高出9.8%
1.9%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $225.6M | $123.0M |
| 净利润 | $-268.6M | — |
| 毛利率 | — | 66.1% |
| 营业利润率 | — | — |
| 净利率 | -119.0% | — |
| 营收同比 | 11.7% | 1.9% |
| 净利润同比 | -22.2% | — |
| 每股收益（稀释后） | — | — |
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FUNMSTR
| Q1 26 | $225.6M | — | ||
| Q4 25 | $650.1M | $123.0M | ||
| Q3 25 | $1.3B | $128.7M | ||
| Q2 25 | $930.4M | $114.5M | ||
| Q1 25 | $202.1M | $111.1M | ||
| Q4 24 | — | $120.7M | ||
| Q3 24 | $1.3B | $116.1M | ||
| Q2 24 | $571.6M | $111.4M |
净利润FUNMSTR
| Q1 26 | $-268.6M | — | ||
| Q4 25 | $-92.4M | — | ||
| Q3 25 | $-1.2B | $2.8B | ||
| Q2 25 | $-99.6M | $10.0B | ||
| Q1 25 | $-219.7M | $-4.2B | ||
| Q4 24 | — | $-670.8M | ||
| Q3 24 | $111.0M | $-340.2M | ||
| Q2 24 | $55.6M | $-102.6M |
毛利率FUNMSTR
| Q1 26 | — | — | ||
| Q4 25 | 91.4% | 66.1% | ||
| Q3 25 | 91.6% | 70.5% | ||
| Q2 25 | 91.3% | 68.8% | ||
| Q1 25 | 89.3% | 69.4% | ||
| Q4 24 | — | 71.7% | ||
| Q3 24 | 91.9% | 70.4% | ||
| Q2 24 | 90.7% | 72.2% |
营业利润率FUNMSTR
| Q1 26 | — | — | ||
| Q4 25 | -3.8% | — | ||
| Q3 25 | -83.7% | — | ||
| Q2 25 | 8.0% | — | ||
| Q1 25 | -158.9% | -5331.4% | ||
| Q4 24 | — | -842.1% | ||
| Q3 24 | 19.5% | -372.7% | ||
| Q2 24 | 21.6% | -179.7% |
净利率FUNMSTR
| Q1 26 | -119.0% | — | ||
| Q4 25 | -14.2% | — | ||
| Q3 25 | -90.1% | 2164.1% | ||
| Q2 25 | -10.7% | 8752.7% | ||
| Q1 25 | -108.7% | -3797.2% | ||
| Q4 24 | — | -555.8% | ||
| Q3 24 | 8.2% | -293.1% | ||
| Q2 24 | 9.7% | -92.0% |
每股收益（稀释后）FUNMSTR
| Q1 26 | — | — | ||
| Q4 25 | $-0.93 | — | ||
| Q3 25 | $-11.77 | $8.42 | ||
| Q2 25 | $-0.99 | $32.60 | ||
| Q1 25 | $-2.20 | $-16.49 | ||
| Q4 24 | — | $4.49 | ||
| Q3 24 | $1.10 | $-1.72 | ||
| Q2 24 | — | $-0.57 |
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 | $2.3B |
| 总债务越低越好 | — | $8.2B |
| 股东权益账面价值 | $279.2M | $44.1B |
| 总资产 | $7.7B | $61.6B |
| 负债/权益比越低杠杆越低 | — | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资FUNMSTR
| Q1 26 | $116.5M | — | ||
| Q4 25 | $91.1M | $2.3B | ||
| Q3 25 | $70.7M | $54.3M | ||
| Q2 25 | $107.4M | $50.1M | ||
| Q1 25 | $61.5M | $60.3M | ||
| Q4 24 | — | $38.1M | ||
| Q3 24 | $89.7M | $46.3M | ||
| Q2 24 | $52.9M | $66.9M |
总债务FUNMSTR
| Q1 26 | — | — | ||
| Q4 25 | $5.2B | $8.2B | ||
| Q3 25 | $5.0B | $8.2B | ||
| Q2 25 | $5.3B | $8.2B | ||
| Q1 25 | $5.0B | $8.1B | ||
| Q4 24 | — | $7.2B | ||
| Q3 24 | $4.6B | $4.2B | ||
| Q2 24 | $2.3B | $3.8B |
股东权益FUNMSTR
| Q1 26 | $279.2M | — | ||
| Q4 25 | $549.8M | $44.1B | ||
| Q3 25 | $614.3M | $52.3B | ||
| Q2 25 | $1.8B | $47.5B | ||
| Q1 25 | $1.8B | $32.2B | ||
| Q4 24 | — | $18.2B | ||
| Q3 24 | $2.3B | $3.8B | ||
| Q2 24 | — | $2.8B |
总资产FUNMSTR
| Q1 26 | $7.7B | — | ||
| Q4 25 | $7.8B | $61.6B | ||
| Q3 25 | $7.9B | $73.6B | ||
| Q2 25 | $9.5B | $64.8B | ||
| Q1 25 | $9.2B | $43.9B | ||
| Q4 24 | — | $25.8B | ||
| Q3 24 | $9.4B | $8.3B | ||
| Q2 24 | $2.3B | $7.1B |
负债/权益比FUNMSTR
| Q1 26 | — | — | ||
| Q4 25 | 9.40× | 0.19× | ||
| Q3 25 | 8.16× | 0.16× | ||
| Q2 25 | 2.97× | 0.17× | ||
| Q1 25 | 2.75× | 0.25× | ||
| Q4 24 | — | 0.39× | ||
| Q3 24 | 1.95× | 1.12× | ||
| Q2 24 | — | 1.36× |
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% |
MSTR
暂无分部数据
