vs
六旗（FUN）与National Energy Services Reunited Corp.（NESR）财务数据对比。点击上方公司名可切换其他公司
National Energy Services Reunited Corp.的季度营收约是六旗的1.3倍（$295.3M vs $225.6M），National Energy Services Reunited Corp.净利率更高（6.0% vs -119.0%，领先125.1%），六旗同比增速更快（11.7% vs -12.2%）
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。
National Energy Services Reunited Corp.是一家领先的综合油田服务供应商，为油气上游运营商提供钻井建设、完井、生产运营及干预作业等全系列解决方案，核心市场覆盖中东、北非及东亚地区，服务各国国家石油公司及国际能源客户。
FUN vs NESR — 直观对比
营收规模更大
NESR
是对方的1.3倍
$225.6M
营收增速更快
FUN
高出23.8%
-12.2%
净利率更高
NESR
高出125.1%
-119.0%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $225.6M | $295.3M |
| 净利润 | $-268.6M | $17.7M |
| 毛利率 | — | 12.0% |
| 营业利润率 | — | 6.6% |
| 净利率 | -119.0% | 6.0% |
| 营收同比 | 11.7% | -12.2% |
| 净利润同比 | -22.2% | -14.0% |
| 每股收益（稀释后） | — | $0.18 |
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FUNNESR
| Q1 26 | $225.6M | — | ||
| Q4 25 | $650.1M | — | ||
| Q3 25 | $1.3B | $295.3M | ||
| Q2 25 | $930.4M | $327.4M | ||
| Q1 25 | $202.1M | $303.1M | ||
| Q3 24 | $1.3B | $336.2M | ||
| Q2 24 | $571.6M | $325.0M |
净利润FUNNESR
| Q1 26 | $-268.6M | — | ||
| Q4 25 | $-92.4M | — | ||
| Q3 25 | $-1.2B | $17.7M | ||
| Q2 25 | $-99.6M | $15.2M | ||
| Q1 25 | $-219.7M | $10.4M | ||
| Q3 24 | $111.0M | $20.6M | ||
| Q2 24 | $55.6M | $18.9M |
毛利率FUNNESR
| Q1 26 | — | — | ||
| Q4 25 | 91.4% | — | ||
| Q3 25 | 91.6% | 12.0% | ||
| Q2 25 | 91.3% | 13.4% | ||
| Q1 25 | 89.3% | 12.4% | ||
| Q3 24 | 91.9% | 15.9% | ||
| Q2 24 | 90.7% | 16.4% |
营业利润率FUNNESR
| Q1 26 | — | — | ||
| Q4 25 | -3.8% | — | ||
| Q3 25 | -83.7% | 6.6% | ||
| Q2 25 | 8.0% | 8.3% | ||
| Q1 25 | -158.9% | 6.9% | ||
| Q3 24 | 19.5% | 10.5% | ||
| Q2 24 | 21.6% | 10.5% |
净利率FUNNESR
| Q1 26 | -119.0% | — | ||
| Q4 25 | -14.2% | — | ||
| Q3 25 | -90.1% | 6.0% | ||
| Q2 25 | -10.7% | 4.6% | ||
| Q1 25 | -108.7% | 3.4% | ||
| Q3 24 | 8.2% | 6.1% | ||
| Q2 24 | 9.7% | 5.8% |
每股收益（稀释后）FUNNESR
| Q1 26 | — | — | ||
| Q4 25 | $-0.93 | — | ||
| Q3 25 | $-11.77 | $0.18 | ||
| Q2 25 | $-0.99 | $0.16 | ||
| Q1 25 | $-2.20 | $0.11 | ||
| Q3 24 | $1.10 | $0.22 | ||
| Q2 24 | — | $0.20 |
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 | $69.7M |
| 总债务越低越好 | — | $274.1M |
| 股东权益账面价值 | $279.2M | $956.7M |
| 总资产 | $7.7B | $1.8B |
| 负债/权益比越低杠杆越低 | — | 0.29× |
8季度趋势，按日历期对齐
现金及短期投资FUNNESR
| Q1 26 | $116.5M | — | ||
| Q4 25 | $91.1M | — | ||
| Q3 25 | $70.7M | $69.7M | ||
| Q2 25 | $107.4M | $131.8M | ||
| Q1 25 | $61.5M | $78.7M | ||
| Q3 24 | $89.7M | $118.2M | ||
| Q2 24 | $52.9M | $75.0M |
总债务FUNNESR
| Q1 26 | — | — | ||
| Q4 25 | $5.2B | — | ||
| Q3 25 | $5.0B | $274.1M | ||
| Q2 25 | $5.3B | $291.7M | ||
| Q1 25 | $5.0B | $309.2M | ||
| Q3 24 | $4.6B | $358.7M | ||
| Q2 24 | $2.3B | $376.7M |
股东权益FUNNESR
| Q1 26 | $279.2M | — | ||
| Q4 25 | $549.8M | — | ||
| Q3 25 | $614.3M | $956.7M | ||
| Q2 25 | $1.8B | $936.9M | ||
| Q1 25 | $1.8B | $920.5M | ||
| Q3 24 | $2.3B | $873.5M | ||
| Q2 24 | — | $851.4M |
总资产FUNNESR
| Q1 26 | $7.7B | — | ||
| Q4 25 | $7.8B | — | ||
| Q3 25 | $7.9B | $1.8B | ||
| Q2 25 | $9.5B | $1.8B | ||
| Q1 25 | $9.2B | $1.8B | ||
| Q3 24 | $9.4B | $1.8B | ||
| Q2 24 | $2.3B | $1.8B |
负债/权益比FUNNESR
| Q1 26 | — | — | ||
| Q4 25 | 9.40× | — | ||
| Q3 25 | 8.16× | 0.29× | ||
| Q2 25 | 2.97× | 0.31× | ||
| Q1 25 | 2.75× | 0.34× | ||
| Q3 24 | 1.95× | 0.41× | ||
| Q2 24 | — | 0.44× |
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 | — | $6.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-34.1M |
| 自由现金流率自由现金流/营收 | — | -11.5% |
| 资本支出强度资本支出/营收 | — | 13.8% |
| 现金转化率经营现金流/净利润 | — | 0.38× |
| 过去12个月自由现金流最近4个季度 | — | $68.5M |
8季度趋势，按日历期对齐
经营现金流FUNNESR
| Q1 26 | — | — | ||
| Q4 25 | $-37.7M | — | ||
| Q3 25 | $356.2M | $6.7M | ||
| Q2 25 | $187.0M | $98.5M | ||
| Q1 25 | $-178.0M | $20.5M | ||
| Q3 24 | $337.4M | $70.8M | ||
| Q2 24 | — | — |
自由现金流FUNNESR
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | — | ||
| Q3 25 | $256.2M | $-34.1M | ||
| Q2 25 | $18.8M | $68.7M | ||
| Q1 25 | $-318.0M | $-9.6M | ||
| Q3 24 | $227.7M | $43.4M | ||
| Q2 24 | — | — |
自由现金流率FUNNESR
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | — | ||
| Q3 25 | 19.4% | -11.5% | ||
| Q2 25 | 2.0% | 21.0% | ||
| Q1 25 | -157.4% | -3.2% | ||
| Q3 24 | 16.9% | 12.9% | ||
| Q2 24 | — | — |
资本支出强度FUNNESR
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | — | ||
| Q3 25 | 7.6% | 13.8% | ||
| Q2 25 | 18.1% | 9.1% | ||
| Q1 25 | 69.3% | 9.9% | ||
| Q3 24 | 8.1% | 8.1% | ||
| Q2 24 | — | — |
现金转化率FUNNESR
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.38× | ||
| Q2 25 | — | 6.48× | ||
| Q1 25 | — | 1.97× | ||
| Q3 24 | 3.04× | 3.43× | ||
| Q2 24 | — | — |
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% |
NESR
| Production Services | $174.4M | 59% |
| Drilling And Evaluation Services | $120.9M | 41% |
