vs
六旗（FUN）与NATIONAL FUEL GAS CO（NFG）财务数据对比。点击上方公司名可切换其他公司
NATIONAL FUEL GAS CO的季度营收约是六旗的1.9倍（$425.9M vs $225.6M），NATIONAL FUEL GAS CO净利率更高（35.7% vs -119.0%，领先154.7%），六旗同比增速更快（11.7% vs 1.7%）
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。
该多元化能源企业成立于1902年，总部位于美国纽约州威廉斯维尔，总资产达62亿美元，下设勘探与生产、管道与存储、燃气集输、公用事业、能源营销五大运营板块，业务覆盖能源产业链上下游多个核心环节。
FUN vs NFG — 直观对比
营收规模更大
NFG
是对方的1.9倍
$225.6M
营收增速更快
FUN
高出9.9%
1.7%
净利率更高
NFG
高出154.7%
-119.0%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $225.6M | $425.9M |
| 净利润 | $-268.6M | $152.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 81.5% |
| 净利率 | -119.0% | 35.7% |
| 营收同比 | 11.7% | 1.7% |
| 净利润同比 | -22.2% | — |
| 每股收益（稀释后） | — | $1.59 |
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FUNNFG
| Q1 26 | $225.6M | $425.9M | ||
| Q4 25 | $650.1M | $637.9M | ||
| Q3 25 | $1.3B | $443.1M | ||
| Q2 25 | $930.4M | $527.4M | ||
| Q1 25 | $202.1M | $734.8M | ||
| Q4 24 | — | $513.8M | ||
| Q3 24 | $1.3B | $310.0M | ||
| Q2 24 | $571.6M | $338.6M |
净利润FUNNFG
| Q1 26 | $-268.6M | $152.0M | ||
| Q4 25 | $-92.4M | $181.6M | ||
| Q3 25 | $-1.2B | $107.3M | ||
| Q2 25 | $-99.6M | $149.8M | ||
| Q1 25 | $-219.7M | $216.4M | ||
| Q4 24 | — | $45.0M | ||
| Q3 24 | $111.0M | $-167.6M | ||
| Q2 24 | $55.6M | $-54.2M |
毛利率FUNNFG
| Q1 26 | — | — | ||
| Q4 25 | 91.4% | 86.6% | ||
| Q3 25 | 91.6% | — | ||
| Q2 25 | 91.3% | 94.7% | ||
| Q1 25 | 89.3% | 81.6% | ||
| Q4 24 | — | 87.3% | ||
| Q3 24 | 91.9% | — | ||
| Q2 24 | 90.7% | 98.5% |
营业利润率FUNNFG
| Q1 26 | — | 81.5% | ||
| Q4 25 | -3.8% | 43.3% | ||
| Q3 25 | -83.7% | 40.6% | ||
| Q2 25 | 8.0% | 43.7% | ||
| Q1 25 | -158.9% | 43.2% | ||
| Q4 24 | — | 16.8% | ||
| Q3 24 | 19.5% | -63.4% | ||
| Q2 24 | 21.6% | -15.2% |
净利率FUNNFG
| Q1 26 | -119.0% | 35.7% | ||
| Q4 25 | -14.2% | 28.5% | ||
| Q3 25 | -90.1% | 24.2% | ||
| Q2 25 | -10.7% | 28.4% | ||
| Q1 25 | -108.7% | 29.4% | ||
| Q4 24 | — | 8.8% | ||
| Q3 24 | 8.2% | -54.1% | ||
| Q2 24 | 9.7% | -16.0% |
每股收益（稀释后）FUNNFG
| Q1 26 | — | $1.59 | ||
| Q4 25 | $-0.93 | $1.98 | ||
| Q3 25 | $-11.77 | $1.18 | ||
| Q2 25 | $-0.99 | $1.64 | ||
| Q1 25 | $-2.20 | $2.37 | ||
| Q4 24 | — | $0.49 | ||
| Q3 24 | $1.10 | $-1.81 | ||
| Q2 24 | — | $-0.59 |
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 | — |
| 总债务越低越好 | — | $300.0M |
| 股东权益账面价值 | $279.2M | — |
| 总资产 | $7.7B | $9.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资FUNNFG
| Q1 26 | $116.5M | — | ||
| Q4 25 | $91.1M | $271.4M | ||
| Q3 25 | $70.7M | $43.2M | ||
| Q2 25 | $107.4M | $39.3M | ||
| Q1 25 | $61.5M | $40.0M | ||
| Q4 24 | — | $48.7M | ||
| Q3 24 | $89.7M | $38.2M | ||
| Q2 24 | $52.9M | $81.4M |
总债务FUNNFG
| Q1 26 | — | $300.0M | ||
| Q4 25 | $5.2B | $2.7B | ||
| Q3 25 | $5.0B | $2.7B | ||
| Q2 25 | $5.3B | $2.7B | ||
| Q1 25 | $5.0B | $2.7B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | $4.6B | $2.7B | ||
| Q2 24 | $2.3B | $2.7B |
股东权益FUNNFG
| Q1 26 | $279.2M | — | ||
| Q4 25 | $549.8M | $3.6B | ||
| Q3 25 | $614.3M | $3.1B | ||
| Q2 25 | $1.8B | $3.0B | ||
| Q1 25 | $1.8B | $2.8B | ||
| Q4 24 | — | $-76.2M | ||
| Q3 24 | $2.3B | $-15.5M | ||
| Q2 24 | — | $5.0M |
总资产FUNNFG
| Q1 26 | $7.7B | $9.1B | ||
| Q4 25 | $7.8B | $9.2B | ||
| Q3 25 | $7.9B | $8.7B | ||
| Q2 25 | $9.5B | $8.4B | ||
| Q1 25 | $9.2B | $8.5B | ||
| Q4 24 | — | $8.3B | ||
| Q3 24 | $9.4B | $8.3B | ||
| Q2 24 | $2.3B | $8.5B |
负债/权益比FUNNFG
| Q1 26 | — | — | ||
| Q4 25 | 9.40× | 0.75× | ||
| Q3 25 | 8.16× | 0.87× | ||
| Q2 25 | 2.97× | 0.90× | ||
| Q1 25 | 2.75× | 0.99× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.95× | — | ||
| Q2 24 | — | 532.10× |
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 | — | $657.3M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | 117.0% |
| 现金转化率经营现金流/净利润 | — | 4.32× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流FUNNFG
| Q1 26 | — | $657.3M | ||
| Q4 25 | $-37.7M | $274.9M | ||
| Q3 25 | $356.2M | $237.8M | ||
| Q2 25 | $187.0M | $388.4M | ||
| Q1 25 | $-178.0M | $253.8M | ||
| Q4 24 | — | $220.1M | ||
| Q3 24 | $337.4M | $197.9M | ||
| Q2 24 | — | $281.8M |
自由现金流FUNNFG
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | $-2.7M | ||
| Q3 25 | $256.2M | $-47.8M | ||
| Q2 25 | $18.8M | $195.3M | ||
| Q1 25 | $-318.0M | $59.9M | ||
| Q4 24 | — | $-20.3M | ||
| Q3 24 | $227.7M | $-49.1M | ||
| Q2 24 | — | $79.5M |
自由现金流率FUNNFG
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | -0.4% | ||
| Q3 25 | 19.4% | -10.8% | ||
| Q2 25 | 2.0% | 37.0% | ||
| Q1 25 | -157.4% | 8.2% | ||
| Q4 24 | — | -4.0% | ||
| Q3 24 | 16.9% | -15.8% | ||
| Q2 24 | — | 23.5% |
资本支出强度FUNNFG
| Q1 26 | — | 117.0% | ||
| Q4 25 | 11.0% | 43.5% | ||
| Q3 25 | 7.6% | 64.4% | ||
| Q2 25 | 18.1% | 36.6% | ||
| Q1 25 | 69.3% | 26.4% | ||
| Q4 24 | — | 46.8% | ||
| Q3 24 | 8.1% | 79.7% | ||
| Q2 24 | — | 59.7% |
现金转化率FUNNFG
| Q1 26 | — | 4.32× | ||
| Q4 25 | — | 1.51× | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | — | 2.59× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | — | 4.89× | ||
| Q3 24 | 3.04× | — | ||
| 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% |
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
