vs
六旗（FUN）与PAMT CORP（PAMT）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PAMT CORP的1.6倍（$225.6M vs $141.3M），PAMT CORP净利率更高（-20.7% vs -119.0%，领先98.3%），六旗同比增速更快（11.7% vs -15.1%）
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。
FUN vs PAMT — 直观对比
营收规模更大
FUN
是对方的1.6倍
$141.3M
营收增速更快
FUN
高出26.8%
-15.1%
净利率更高
PAMT
高出98.3%
-119.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $225.6M | $141.3M |
| 净利润 | $-268.6M | $-29.3M |
| 毛利率 | — | — |
| 营业利润率 | — | -27.0% |
| 净利率 | -119.0% | -20.7% |
| 营收同比 | 11.7% | -15.1% |
| 净利润同比 | -22.2% | 7.4% |
| 每股收益（稀释后） | — | $-1.38 |
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FUNPAMT
| Q1 26 | $225.6M | — | ||
| Q4 25 | $650.1M | $141.3M | ||
| Q3 25 | $1.3B | $150.3M | ||
| Q2 25 | $930.4M | $151.1M | ||
| Q1 25 | $202.1M | $155.3M | ||
| Q4 24 | — | $166.5M | ||
| Q3 24 | $1.3B | $182.6M | ||
| Q2 24 | $571.6M | $182.9M |
净利润FUNPAMT
| Q1 26 | $-268.6M | — | ||
| Q4 25 | $-92.4M | $-29.3M | ||
| Q3 25 | $-1.2B | $-5.6M | ||
| Q2 25 | $-99.6M | $-9.6M | ||
| Q1 25 | $-219.7M | $-8.1M | ||
| Q4 24 | — | $-31.6M | ||
| Q3 24 | $111.0M | $2.4M | ||
| Q2 24 | $55.6M | $-2.9M |
毛利率FUNPAMT
| Q1 26 | — | — | ||
| 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% | — |
营业利润率FUNPAMT
| Q1 26 | — | — | ||
| Q4 25 | -3.8% | -27.0% | ||
| Q3 25 | -83.7% | -3.8% | ||
| Q2 25 | 8.0% | -7.3% | ||
| Q1 25 | -158.9% | -5.9% | ||
| Q4 24 | — | -22.6% | ||
| Q3 24 | 19.5% | 1.3% | ||
| Q2 24 | 21.6% | -0.4% |
净利率FUNPAMT
| Q1 26 | -119.0% | — | ||
| Q4 25 | -14.2% | -20.7% | ||
| Q3 25 | -90.1% | -3.7% | ||
| Q2 25 | -10.7% | -6.4% | ||
| Q1 25 | -108.7% | -5.2% | ||
| Q4 24 | — | -19.0% | ||
| Q3 24 | 8.2% | 1.3% | ||
| Q2 24 | 9.7% | -1.6% |
每股收益（稀释后）FUNPAMT
| Q1 26 | — | — | ||
| Q4 25 | $-0.93 | $-1.38 | ||
| Q3 25 | $-11.77 | $-0.27 | ||
| Q2 25 | $-0.99 | $-0.46 | ||
| Q1 25 | $-2.20 | $-0.37 | ||
| Q4 24 | — | $-1.44 | ||
| Q3 24 | $1.10 | $0.11 | ||
| Q2 24 | — | $-0.13 |
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 | $83.7M |
| 总债务越低越好 | — | $333.9M |
| 股东权益账面价值 | $279.2M | $210.5M |
| 总资产 | $7.7B | $697.9M |
| 负债/权益比越低杠杆越低 | — | 1.59× |
8季度趋势，按日历期对齐
现金及短期投资FUNPAMT
| Q1 26 | $116.5M | — | ||
| Q4 25 | $91.1M | $83.7M | ||
| Q3 25 | $70.7M | $115.6M | ||
| Q2 25 | $107.4M | $117.3M | ||
| Q1 25 | $61.5M | $102.7M | ||
| Q4 24 | — | $110.7M | ||
| Q3 24 | $89.7M | $92.3M | ||
| Q2 24 | $52.9M | $114.0M |
总债务FUNPAMT
| Q1 26 | — | — | ||
| Q4 25 | $5.2B | $333.9M | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $5.3B | — | ||
| Q1 25 | $5.0B | — | ||
| Q4 24 | — | $325.6M | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $2.3B | — |
股东权益FUNPAMT
| Q1 26 | $279.2M | — | ||
| Q4 25 | $549.8M | $210.5M | ||
| Q3 25 | $614.3M | $239.5M | ||
| Q2 25 | $1.8B | $244.9M | ||
| Q1 25 | $1.8B | $269.6M | ||
| Q4 24 | — | $277.5M | ||
| Q3 24 | $2.3B | $308.9M | ||
| Q2 24 | — | $306.7M |
总资产FUNPAMT
| Q1 26 | $7.7B | — | ||
| Q4 25 | $7.8B | $697.9M | ||
| Q3 25 | $7.9B | $715.2M | ||
| Q2 25 | $9.5B | $707.9M | ||
| Q1 25 | $9.2B | $712.6M | ||
| Q4 24 | — | $741.7M | ||
| Q3 24 | $9.4B | $756.7M | ||
| Q2 24 | $2.3B | $733.5M |
负债/权益比FUNPAMT
| Q1 26 | — | — | ||
| Q4 25 | 9.40× | 1.59× | ||
| Q3 25 | 8.16× | — | ||
| Q2 25 | 2.97× | — | ||
| Q1 25 | 2.75× | — | ||
| Q4 24 | — | 1.17× | ||
| 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 | — | $-5.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-25.0M |
| 自由现金流率自由现金流/营收 | — | -17.7% |
| 资本支出强度资本支出/营收 | — | 13.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-23.4M |
8季度趋势，按日历期对齐
经营现金流FUNPAMT
| Q1 26 | — | — | ||
| Q4 25 | $-37.7M | $-5.8M | ||
| Q3 25 | $356.2M | $5.9M | ||
| Q2 25 | $187.0M | $12.2M | ||
| Q1 25 | $-178.0M | $5.0M | ||
| Q4 24 | — | $15.2M | ||
| Q3 24 | $337.4M | $15.5M | ||
| Q2 24 | — | $18.7M |
自由现金流FUNPAMT
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | $-25.0M | ||
| Q3 25 | $256.2M | $2.5M | ||
| Q2 25 | $18.8M | $5.9M | ||
| Q1 25 | $-318.0M | $-6.8M | ||
| Q4 24 | — | $-39.9M | ||
| Q3 24 | $227.7M | $-33.6M | ||
| Q2 24 | — | $4.1M |
自由现金流率FUNPAMT
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | -17.7% | ||
| Q3 25 | 19.4% | 1.7% | ||
| Q2 25 | 2.0% | 3.9% | ||
| Q1 25 | -157.4% | -4.4% | ||
| Q4 24 | — | -24.0% | ||
| Q3 24 | 16.9% | -18.4% | ||
| Q2 24 | — | 2.2% |
资本支出强度FUNPAMT
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | 13.6% | ||
| Q3 25 | 7.6% | 2.3% | ||
| Q2 25 | 18.1% | 4.2% | ||
| Q1 25 | 69.3% | 7.6% | ||
| Q4 24 | — | 33.1% | ||
| Q3 24 | 8.1% | 26.9% | ||
| Q2 24 | — | 8.0% |
现金转化率FUNPAMT
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.04× | 6.44× | ||
| 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% |
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
