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六旗（FUN）与Natural Grocers by Vitamin Cottage, Inc.（NGVC）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Natural Grocers by Vitamin Cottage, Inc.的1.9倍（$650.1M vs $335.6M），Natural Grocers by Vitamin Cottage, Inc.净利率更高（3.4% vs -14.2%，领先17.6%），Natural Grocers by Vitamin Cottage, Inc.自由现金流更多（$11.6M 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。
Natural Grocers by Vitamin Cottage, Inc.是美国本土的特色零售连锁企业，主营认证有机食品、膳食补充剂、天然个护及环保家居类产品，面向健康意识较强的消费群体，门店覆盖美国多州，执行严格品控标准，拒绝售卖含人工添加剂的商品。
FUN vs NGVC — 直观对比
营收规模更大
FUN
是对方的1.9倍
$335.6M
净利率更高
NGVC
高出17.6%
-14.2%
自由现金流更多
NGVC
多$120.8M
$-109.3M
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $335.6M |
| 净利润 | $-92.4M | $11.3M |
| 毛利率 | 91.4% | 29.5% |
| 营业利润率 | -3.8% | 4.4% |
| 净利率 | -14.2% | 3.4% |
| 营收同比 | — | 1.6% |
| 净利润同比 | — | 14.0% |
| 每股收益（稀释后） | $-0.93 | $0.49 |
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FUNNGVC
| Q4 25 | $650.1M | $335.6M | ||
| Q3 25 | $1.3B | $336.1M | ||
| Q2 25 | $930.4M | $328.7M | ||
| Q1 25 | $202.1M | $335.8M | ||
| Q4 24 | — | $330.2M | ||
| Q3 24 | $1.3B | $322.7M | ||
| Q2 24 | $571.6M | $309.1M | ||
| Q1 24 | — | $308.1M |
净利润FUNNGVC
| Q4 25 | $-92.4M | $11.3M | ||
| Q3 25 | $-1.2B | $11.8M | ||
| Q2 25 | $-99.6M | $11.6M | ||
| Q1 25 | $-219.7M | $13.1M | ||
| Q4 24 | — | $9.9M | ||
| Q3 24 | $111.0M | $9.0M | ||
| Q2 24 | $55.6M | $9.2M | ||
| Q1 24 | — | $8.0M |
毛利率FUNNGVC
| Q4 25 | 91.4% | 29.5% | ||
| Q3 25 | 91.6% | 29.5% | ||
| Q2 25 | 91.3% | 29.9% | ||
| Q1 25 | 89.3% | 30.3% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | 91.9% | 29.6% | ||
| Q2 24 | 90.7% | 29.2% | ||
| Q1 24 | — | 29.3% |
营业利润率FUNNGVC
| Q4 25 | -3.8% | 4.4% | ||
| Q3 25 | -83.7% | 4.6% | ||
| Q2 25 | 8.0% | 4.7% | ||
| Q1 25 | -158.9% | 5.2% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | 19.5% | 3.7% | ||
| Q2 24 | 21.6% | 4.2% | ||
| Q1 24 | — | 3.7% |
净利率FUNNGVC
| Q4 25 | -14.2% | 3.4% | ||
| Q3 25 | -90.1% | 3.5% | ||
| Q2 25 | -10.7% | 3.5% | ||
| Q1 25 | -108.7% | 3.9% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | 8.2% | 2.8% | ||
| Q2 24 | 9.7% | 3.0% | ||
| Q1 24 | — | 2.6% |
每股收益（稀释后）FUNNGVC
| Q4 25 | $-0.93 | $0.49 | ||
| Q3 25 | $-11.77 | $0.51 | ||
| Q2 25 | $-0.99 | $0.50 | ||
| Q1 25 | $-2.20 | $0.56 | ||
| Q4 24 | — | $0.43 | ||
| Q3 24 | $1.10 | $0.38 | ||
| Q2 24 | — | $0.40 | ||
| 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 | $23.2M |
| 总债务越低越好 | $5.2B | — |
| 股东权益账面价值 | $549.8M | $220.0M |
| 总资产 | $7.8B | $668.6M |
| 负债/权益比越低杠杆越低 | 9.40× | — |
8季度趋势，按日历期对齐
现金及短期投资FUNNGVC
| Q4 25 | $91.1M | $23.2M | ||
| Q3 25 | $70.7M | $17.1M | ||
| Q2 25 | $107.4M | $13.2M | ||
| Q1 25 | $61.5M | $21.2M | ||
| Q4 24 | — | $6.3M | ||
| Q3 24 | $89.7M | $8.9M | ||
| Q2 24 | $52.9M | $13.9M | ||
| Q1 24 | — | $11.0M |
总债务FUNNGVC
| Q4 25 | $5.2B | — | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $5.3B | — | ||
| Q1 25 | $5.0B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | — | — |
股东权益FUNNGVC
| Q4 25 | $549.8M | $220.0M | ||
| Q3 25 | $614.3M | $212.4M | ||
| Q2 25 | $1.8B | $202.5M | ||
| Q1 25 | $1.8B | $193.0M | ||
| Q4 24 | — | $181.9M | ||
| Q3 24 | $2.3B | $174.3M | ||
| Q2 24 | — | $167.8M | ||
| Q1 24 | — | $160.0M |
总资产FUNNGVC
| Q4 25 | $7.8B | $668.6M | ||
| Q3 25 | $7.9B | $670.5M | ||
| Q2 25 | $9.5B | $659.0M | ||
| Q1 25 | $9.2B | $664.6M | ||
| Q4 24 | — | $648.9M | ||
| Q3 24 | $9.4B | $655.5M | ||
| Q2 24 | $2.3B | $654.4M | ||
| Q1 24 | — | $656.6M |
负债/权益比FUNNGVC
| Q4 25 | 9.40× | — | ||
| Q3 25 | 8.16× | — | ||
| Q2 25 | 2.97× | — | ||
| Q1 25 | 2.75× | — | ||
| Q4 24 | — | — | ||
| 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 | $21.1M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | $11.6M |
| 自由现金流率自由现金流/营收 | -16.8% | 3.4% |
| 资本支出强度资本支出/营收 | 11.0% | 2.9% |
| 现金转化率经营现金流/净利润 | — | 1.86× |
| 过去12个月自由现金流最近4个季度 | $-152.2M | $42.6M |
8季度趋势，按日历期对齐
经营现金流FUNNGVC
| Q4 25 | $-37.7M | $21.1M | ||
| Q3 25 | $356.2M | $15.6M | ||
| Q2 25 | $187.0M | $2.9M | ||
| Q1 25 | $-178.0M | $34.1M | ||
| Q4 24 | — | $2.7M | ||
| Q3 24 | $337.4M | $24.5M | ||
| Q2 24 | — | $12.4M | ||
| Q1 24 | — | $20.2M |
自由现金流FUNNGVC
| Q4 25 | $-109.3M | $11.6M | ||
| Q3 25 | $256.2M | $7.5M | ||
| Q2 25 | $18.8M | $-4.2M | ||
| Q1 25 | $-318.0M | $27.6M | ||
| Q4 24 | — | $-6.9M | ||
| Q3 24 | $227.7M | $18.0M | ||
| Q2 24 | — | $3.6M | ||
| Q1 24 | — | $9.8M |
自由现金流率FUNNGVC
| Q4 25 | -16.8% | 3.4% | ||
| Q3 25 | 19.4% | 2.2% | ||
| Q2 25 | 2.0% | -1.3% | ||
| Q1 25 | -157.4% | 8.2% | ||
| Q4 24 | — | -2.1% | ||
| Q3 24 | 16.9% | 5.6% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 3.2% |
资本支出强度FUNNGVC
| Q4 25 | 11.0% | 2.9% | ||
| Q3 25 | 7.6% | 2.4% | ||
| Q2 25 | 18.1% | 2.2% | ||
| Q1 25 | 69.3% | 1.9% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | 8.1% | 2.0% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 3.4% |
现金转化率FUNNGVC
| Q4 25 | — | 1.86× | ||
| Q3 25 | — | 1.32× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 2.60× | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | 3.04× | 2.72× | ||
| Q2 24 | — | 1.35× | ||
| Q1 24 | — | 2.54× |
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% |
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
