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六旗（FUN）与UNIVERSAL DISPLAY CORP \PA\（OLED）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UNIVERSAL DISPLAY CORP \PA\的1.6倍（$225.6M vs $142.2M），UNIVERSAL DISPLAY CORP \PA\净利率更高（25.2% vs -119.0%，领先144.3%），六旗同比增速更快（11.7% vs -14.5%）
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。
Universal Display Corporation（股票代码OLED）是有机发光二极管（OLED）技术及材料的研发与生产企业，拥有深厚的技术积累，面向显示、照明两大领域提供相关配套服务，是全球OLED上游产业链的核心供应商之一。
FUN vs OLED — 直观对比
营收规模更大
FUN
是对方的1.6倍
$142.2M
营收增速更快
FUN
高出26.1%
-14.5%
净利率更高
OLED
高出144.3%
-119.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $225.6M | $142.2M |
| 净利润 | $-268.6M | $35.9M |
| 毛利率 | — | 74.6% |
| 营业利润率 | — | 30.1% |
| 净利率 | -119.0% | 25.2% |
| 营收同比 | 11.7% | -14.5% |
| 净利润同比 | -22.2% | -44.3% |
| 每股收益（稀释后） | — | $0.76 |
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FUNOLED
| Q1 26 | $225.6M | $142.2M | ||
| Q4 25 | $650.1M | $172.9M | ||
| Q3 25 | $1.3B | $139.6M | ||
| Q2 25 | $930.4M | $171.8M | ||
| Q1 25 | $202.1M | $166.3M | ||
| Q4 24 | — | $162.3M | ||
| Q3 24 | $1.3B | $161.6M | ||
| Q2 24 | $571.6M | $158.5M |
净利润FUNOLED
| Q1 26 | $-268.6M | $35.9M | ||
| Q4 25 | $-92.4M | $66.3M | ||
| Q3 25 | $-1.2B | $44.0M | ||
| Q2 25 | $-99.6M | $67.3M | ||
| Q1 25 | $-219.7M | $64.4M | ||
| Q4 24 | — | $46.0M | ||
| Q3 24 | $111.0M | $66.9M | ||
| Q2 24 | $55.6M | $52.3M |
毛利率FUNOLED
| Q1 26 | — | 74.6% | ||
| Q4 25 | 91.4% | 76.1% | ||
| Q3 25 | 91.6% | 74.6% | ||
| Q2 25 | 91.3% | 77.2% | ||
| Q1 25 | 89.3% | 77.1% | ||
| Q4 24 | — | 77.0% | ||
| Q3 24 | 91.9% | 77.8% | ||
| Q2 24 | 90.7% | 75.8% |
营业利润率FUNOLED
| Q1 26 | — | 30.1% | ||
| Q4 25 | -3.8% | 38.9% | ||
| Q3 25 | -83.7% | 30.9% | ||
| Q2 25 | 8.0% | 39.9% | ||
| Q1 25 | -158.9% | 41.9% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | 19.5% | 41.5% | ||
| Q2 24 | 21.6% | 35.6% |
净利率FUNOLED
| Q1 26 | -119.0% | 25.2% | ||
| Q4 25 | -14.2% | 38.4% | ||
| Q3 25 | -90.1% | 31.5% | ||
| Q2 25 | -10.7% | 39.2% | ||
| Q1 25 | -108.7% | 38.8% | ||
| Q4 24 | — | 28.4% | ||
| Q3 24 | 8.2% | 41.4% | ||
| Q2 24 | 9.7% | 33.0% |
每股收益（稀释后）FUNOLED
| Q1 26 | — | $0.76 | ||
| Q4 25 | $-0.93 | $1.40 | ||
| Q3 25 | $-11.77 | $0.92 | ||
| Q2 25 | $-0.99 | $1.41 | ||
| Q1 25 | $-2.20 | $1.35 | ||
| Q4 24 | — | $0.96 | ||
| Q3 24 | $1.10 | $1.40 | ||
| Q2 24 | — | $1.10 |
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 | $516.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $279.2M | — |
| 总资产 | $7.7B | $1.9B |
| 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FUNOLED
| Q1 26 | $116.5M | $516.4M | ||
| Q4 25 | $91.1M | $602.4M | ||
| Q3 25 | $70.7M | $603.0M | ||
| Q2 25 | $107.4M | $525.2M | ||
| Q1 25 | $61.5M | $571.3M | ||
| Q4 24 | — | $492.7M | ||
| Q3 24 | $89.7M | $551.6M | ||
| Q2 24 | $52.9M | $530.5M |
总债务FUNOLED
| Q1 26 | — | — | ||
| 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 | — |
股东权益FUNOLED
| Q1 26 | $279.2M | — | ||
| Q4 25 | $549.8M | $1.8B | ||
| Q3 25 | $614.3M | $1.7B | ||
| Q2 25 | $1.8B | $1.7B | ||
| Q1 25 | $1.8B | $1.7B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | $2.3B | $1.6B | ||
| Q2 24 | — | $1.5B |
总资产FUNOLED
| Q1 26 | $7.7B | $1.9B | ||
| Q4 25 | $7.8B | $2.0B | ||
| Q3 25 | $7.9B | $1.9B | ||
| Q2 25 | $9.5B | $1.9B | ||
| Q1 25 | $9.2B | $1.9B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $9.4B | $1.8B | ||
| Q2 24 | $2.3B | $1.8B |
负债/权益比FUNOLED
| Q1 26 | — | — | ||
| Q4 25 | 9.40× | — | ||
| Q3 25 | 8.16× | — | ||
| Q2 25 | 2.97× | — | ||
| Q1 25 | 2.75× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.95× | — | ||
| Q2 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 | — | $108.9M |
| 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 | — | — |
| 现金转化率经营现金流/净利润 | — | 3.03× |
| 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FUNOLED
| Q1 26 | — | $108.9M | ||
| Q4 25 | $-37.7M | $31.1M | ||
| Q3 25 | $356.2M | $97.2M | ||
| Q2 25 | $187.0M | $51.9M | ||
| Q1 25 | $-178.0M | $30.6M | ||
| Q4 24 | — | $34.7M | ||
| Q3 24 | $337.4M | $79.9M | ||
| Q2 24 | — | $67.0M |
自由现金流FUNOLED
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | $15.1M | ||
| Q3 25 | $256.2M | $84.3M | ||
| Q2 25 | $18.8M | $37.5M | ||
| Q1 25 | $-318.0M | $17.5M | ||
| Q4 24 | — | $22.0M | ||
| Q3 24 | $227.7M | $66.2M | ||
| Q2 24 | — | $57.9M |
自由现金流率FUNOLED
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | 8.7% | ||
| Q3 25 | 19.4% | 60.4% | ||
| Q2 25 | 2.0% | 21.8% | ||
| Q1 25 | -157.4% | 10.5% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | 16.9% | 41.0% | ||
| Q2 24 | — | 36.5% |
资本支出强度FUNOLED
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | 9.3% | ||
| Q3 25 | 7.6% | 9.2% | ||
| Q2 25 | 18.1% | 8.4% | ||
| Q1 25 | 69.3% | 7.9% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | 8.1% | 8.4% | ||
| Q2 24 | — | 5.8% |
现金转化率FUNOLED
| Q1 26 | — | 3.03× | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | — | 0.77× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | — | 0.75× | ||
| Q3 24 | 3.04× | 1.19× | ||
| Q2 24 | — | 1.28× |
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% |
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
