vs
六旗（FUN）与OPPENHEIMER HOLDINGS INC（OPY）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OPPENHEIMER HOLDINGS INC的1.4倍（$650.1M vs $472.6M），OPPENHEIMER HOLDINGS INC净利率更高（15.7% vs -14.2%，领先29.9%），OPPENHEIMER HOLDINGS INC自由现金流更多（$183.6M 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。
奥本海默控股是一家美国跨国独立投资银行与金融服务企业，面向全球客户提供投资银行、财务咨询、资本市场、资产管理及财富管理等相关产品与服务，目前总部设于纽约市宽街85号。
FUN vs OPY — 直观对比
营收规模更大
FUN
是对方的1.4倍
$472.6M
净利率更高
OPY
高出29.9%
-14.2%
自由现金流更多
OPY
多$292.8M
$-109.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $472.6M |
| 净利润 | $-92.4M | $74.4M |
| 毛利率 | 91.4% | — |
| 营业利润率 | -3.8% | 22.4% |
| 净利率 | -14.2% | 15.7% |
| 营收同比 | — | 25.9% |
| 净利润同比 | — | 593.1% |
| 每股收益（稀释后） | $-0.93 | $6.51 |
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FUNOPY
| Q4 25 | $650.1M | $472.6M | ||
| Q3 25 | $1.3B | $424.4M | ||
| Q2 25 | $930.4M | $373.2M | ||
| Q1 25 | $202.1M | $367.8M | ||
| Q4 24 | — | $375.4M | ||
| Q3 24 | $1.3B | $373.4M | ||
| Q2 24 | $571.6M | $330.6M | ||
| Q1 24 | — | $353.1M |
净利润FUNOPY
| Q4 25 | $-92.4M | $74.4M | ||
| Q3 25 | $-1.2B | $21.7M | ||
| Q2 25 | $-99.6M | $21.7M | ||
| Q1 25 | $-219.7M | $30.7M | ||
| Q4 24 | — | $10.7M | ||
| Q3 24 | $111.0M | $24.5M | ||
| Q2 24 | $55.6M | $10.3M | ||
| Q1 24 | — | $26.1M |
毛利率FUNOPY
| Q4 25 | 91.4% | — | ||
| Q3 25 | 91.6% | — | ||
| Q2 25 | 91.3% | — | ||
| Q1 25 | 89.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 91.9% | — | ||
| Q2 24 | 90.7% | — | ||
| Q1 24 | — | — |
营业利润率FUNOPY
| Q4 25 | -3.8% | 22.4% | ||
| Q3 25 | -83.7% | 7.5% | ||
| Q2 25 | 8.0% | 8.6% | ||
| Q1 25 | -158.9% | 11.2% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | 19.5% | 9.5% | ||
| Q2 24 | 21.6% | 4.8% | ||
| Q1 24 | — | 10.6% |
净利率FUNOPY
| Q4 25 | -14.2% | 15.7% | ||
| Q3 25 | -90.1% | 5.1% | ||
| Q2 25 | -10.7% | 5.8% | ||
| Q1 25 | -108.7% | 8.3% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | 8.2% | 6.6% | ||
| Q2 24 | 9.7% | 3.1% | ||
| Q1 24 | — | 7.4% |
每股收益（稀释后）FUNOPY
| Q4 25 | $-0.93 | $6.51 | ||
| Q3 25 | $-11.77 | $1.90 | ||
| Q2 25 | $-0.99 | $1.91 | ||
| Q1 25 | $-2.20 | $2.72 | ||
| Q4 24 | — | $0.92 | ||
| Q3 24 | $1.10 | $2.16 | ||
| Q2 24 | — | $0.92 | ||
| Q1 24 | — | $2.37 |
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 | $38.4M |
| 总债务越低越好 | $5.2B | — |
| 股东权益账面价值 | $549.8M | $983.8M |
| 总资产 | $7.8B | $3.7B |
| 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FUNOPY
| Q4 25 | $91.1M | $38.4M | ||
| Q3 25 | $70.7M | $38.3M | ||
| Q2 25 | $107.4M | $37.6M | ||
| Q1 25 | $61.5M | $36.7M | ||
| Q4 24 | — | $33.1M | ||
| Q3 24 | $89.7M | $32.2M | ||
| Q2 24 | $52.9M | $33.2M | ||
| Q1 24 | — | $27.7M |
总债务FUNOPY
| Q4 25 | $5.2B | — | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $5.3B | — | ||
| Q1 25 | $5.0B | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | $4.6B | $112.8M | ||
| Q2 24 | $2.3B | $112.8M | ||
| Q1 24 | — | $112.7M |
股东权益FUNOPY
| Q4 25 | $549.8M | $983.8M | ||
| Q3 25 | $614.3M | $920.3M | ||
| Q2 25 | $1.8B | $896.9M | ||
| Q1 25 | $1.8B | $872.3M | ||
| Q4 24 | — | $850.4M | ||
| Q3 24 | $2.3B | $837.8M | ||
| Q2 24 | — | $812.1M | ||
| Q1 24 | — | $801.5M |
总资产FUNOPY
| Q4 25 | $7.8B | $3.7B | ||
| Q3 25 | $7.9B | $3.8B | ||
| Q2 25 | $9.5B | $3.7B | ||
| Q1 25 | $9.2B | $3.6B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | $9.4B | $3.4B | ||
| Q2 24 | $2.3B | $3.3B | ||
| Q1 24 | — | $3.3B |
负债/权益比FUNOPY
| Q4 25 | 9.40× | — | ||
| Q3 25 | 8.16× | — | ||
| Q2 25 | 2.97× | — | ||
| Q1 25 | 2.75× | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | 1.95× | 0.13× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.14× |
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 | $188.8M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | $183.6M |
| 自由现金流率自由现金流/营收 | -16.8% | 38.8% |
| 资本支出强度资本支出/营收 | 11.0% | 1.1% |
| 现金转化率经营现金流/净利润 | — | 2.54× |
| 过去12个月自由现金流最近4个季度 | $-152.2M | $191.3M |
8季度趋势，按日历期对齐
经营现金流FUNOPY
| Q4 25 | $-37.7M | $188.8M | ||
| Q3 25 | $356.2M | $63.4M | ||
| Q2 25 | $187.0M | $40.1M | ||
| Q1 25 | $-178.0M | $-91.7M | ||
| Q4 24 | — | $-108.2M | ||
| Q3 24 | $337.4M | $11.4M | ||
| Q2 24 | — | $-115.3M | ||
| Q1 24 | — | $-79.0M |
自由现金流FUNOPY
| Q4 25 | $-109.3M | $183.6M | ||
| Q3 25 | $256.2M | $62.2M | ||
| Q2 25 | $18.8M | $38.9M | ||
| Q1 25 | $-318.0M | $-93.4M | ||
| Q4 24 | — | $-113.3M | ||
| Q3 24 | $227.7M | $11.2M | ||
| Q2 24 | — | $-116.7M | ||
| Q1 24 | — | $-79.3M |
自由现金流率FUNOPY
| Q4 25 | -16.8% | 38.8% | ||
| Q3 25 | 19.4% | 14.7% | ||
| Q2 25 | 2.0% | 10.4% | ||
| Q1 25 | -157.4% | -25.4% | ||
| Q4 24 | — | -30.2% | ||
| Q3 24 | 16.9% | 3.0% | ||
| Q2 24 | — | -35.3% | ||
| Q1 24 | — | -22.5% |
资本支出强度FUNOPY
| Q4 25 | 11.0% | 1.1% | ||
| Q3 25 | 7.6% | 0.3% | ||
| Q2 25 | 18.1% | 0.3% | ||
| Q1 25 | 69.3% | 0.5% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | 8.1% | 0.1% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.1% |
现金转化率FUNOPY
| Q4 25 | — | 2.54× | ||
| Q3 25 | — | 2.92× | ||
| Q2 25 | — | 1.85× | ||
| Q1 25 | — | -2.99× | ||
| Q4 24 | — | -10.08× | ||
| Q3 24 | 3.04× | 0.47× | ||
| Q2 24 | — | -11.23× | ||
| Q1 24 | — | -3.03× |
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% |
OPY
| Advisory Fees | $166.6M | 35% |
| Capital Markets Segment | $155.5M | 33% |
| Other | $57.2M | 12% |
| Commissions From Sales And Trading | $52.9M | 11% |
| Bank Deposit Sweep Income | $27.7M | 6% |
| Mutual Fund Income | $8.9M | 2% |
| Investment Banking Capital Markets | $3.3M | 1% |
