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六旗（FUN）与PAR TECHNOLOGY CORP（PAR）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PAR TECHNOLOGY CORP的1.9倍（$225.6M vs $120.1M），PAR TECHNOLOGY CORP同比增速更快（14.4% vs 11.7%）
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。
PAR科技公司是全球领先的销售点系统、餐饮酒店管理软件及集成技术解决方案提供商，核心业务覆盖餐饮服务、酒店文旅及政府安防领域，为各类规模客户提供云端工具以简化运营、提升消费体验与经营效率。
FUN vs PAR — 直观对比
营收规模更大
FUN
是对方的1.9倍
$120.1M
营收增速更快
PAR
高出2.7%
11.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $225.6M | $120.1M |
| 净利润 | $-268.6M | — |
| 毛利率 | — | 41.2% |
| 营业利润率 | — | -15.0% |
| 净利率 | -119.0% | — |
| 营收同比 | 11.7% | 14.4% |
| 净利润同比 | -22.2% | — |
| 每股收益（稀释后） | — | $-0.52 |
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FUNPAR
| Q1 26 | $225.6M | — | ||
| Q4 25 | $650.1M | $120.1M | ||
| Q3 25 | $1.3B | $119.2M | ||
| Q2 25 | $930.4M | $112.4M | ||
| Q1 25 | $202.1M | $103.9M | ||
| Q4 24 | — | $105.0M | ||
| Q3 24 | $1.3B | $96.8M | ||
| Q2 24 | $571.6M | $78.2M |
净利润FUNPAR
| Q1 26 | $-268.6M | — | ||
| Q4 25 | $-92.4M | — | ||
| Q3 25 | $-1.2B | $-18.2M | ||
| Q2 25 | $-99.6M | $-21.0M | ||
| Q1 25 | $-219.7M | $-24.4M | ||
| Q4 24 | — | — | ||
| Q3 24 | $111.0M | $-19.8M | ||
| Q2 24 | $55.6M | $54.2M |
毛利率FUNPAR
| Q1 26 | — | — | ||
| Q4 25 | 91.4% | 41.2% | ||
| Q3 25 | 91.6% | 41.3% | ||
| Q2 25 | 91.3% | 45.4% | ||
| Q1 25 | 89.3% | 46.5% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | 91.9% | 44.5% | ||
| Q2 24 | 90.7% | 41.0% |
营业利润率FUNPAR
| Q1 26 | — | — | ||
| Q4 25 | -3.8% | -15.0% | ||
| Q3 25 | -83.7% | -14.8% | ||
| Q2 25 | 8.0% | -15.4% | ||
| Q1 25 | -158.9% | -15.2% | ||
| Q4 24 | — | -15.6% | ||
| Q3 24 | 19.5% | -15.7% | ||
| Q2 24 | 21.6% | -26.5% |
净利率FUNPAR
| Q1 26 | -119.0% | — | ||
| Q4 25 | -14.2% | — | ||
| Q3 25 | -90.1% | -15.3% | ||
| Q2 25 | -10.7% | -18.7% | ||
| Q1 25 | -108.7% | -23.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.2% | -20.5% | ||
| Q2 24 | 9.7% | 69.3% |
每股收益（稀释后）FUNPAR
| Q1 26 | — | — | ||
| Q4 25 | $-0.93 | $-0.52 | ||
| Q3 25 | $-11.77 | $-0.45 | ||
| Q2 25 | $-0.99 | $-0.52 | ||
| Q1 25 | $-2.20 | $-0.60 | ||
| Q4 24 | — | $-0.56 | ||
| Q3 24 | $1.10 | $-0.56 | ||
| Q2 24 | — | $1.60 |
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 | $80.1M |
| 总债务越低越好 | — | $394.0M |
| 股东权益账面价值 | $279.2M | $825.1M |
| 总资产 | $7.7B | $1.4B |
| 负债/权益比越低杠杆越低 | — | 0.48× |
8季度趋势，按日历期对齐
现金及短期投资FUNPAR
| Q1 26 | $116.5M | — | ||
| Q4 25 | $91.1M | $80.1M | ||
| Q3 25 | $70.7M | $93.0M | ||
| Q2 25 | $107.4M | $85.7M | ||
| Q1 25 | $61.5M | $92.2M | ||
| Q4 24 | — | $108.6M | ||
| Q3 24 | $89.7M | $118.4M | ||
| Q2 24 | $52.9M | $142.5M |
总债务FUNPAR
| Q1 26 | — | — | ||
| Q4 25 | $5.2B | $394.0M | ||
| Q3 25 | $5.0B | $393.4M | ||
| Q2 25 | $5.3B | $392.8M | ||
| Q1 25 | $5.0B | $392.3M | ||
| Q4 24 | — | $368.4M | ||
| Q3 24 | $4.6B | $466.7M | ||
| Q2 24 | $2.3B | $378.7M |
股东权益FUNPAR
| Q1 26 | $279.2M | — | ||
| Q4 25 | $549.8M | $825.1M | ||
| Q3 25 | $614.3M | $838.0M | ||
| Q2 25 | $1.8B | $859.1M | ||
| Q1 25 | $1.8B | $852.0M | ||
| Q4 24 | — | $871.7M | ||
| Q3 24 | $2.3B | $692.7M | ||
| Q2 24 | — | $588.3M |
总资产FUNPAR
| Q1 26 | $7.7B | — | ||
| Q4 25 | $7.8B | $1.4B | ||
| Q3 25 | $7.9B | $1.4B | ||
| Q2 25 | $9.5B | $1.4B | ||
| Q1 25 | $9.2B | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $9.4B | $1.3B | ||
| Q2 24 | $2.3B | $1.1B |
负债/权益比FUNPAR
| Q1 26 | — | — | ||
| Q4 25 | 9.40× | 0.48× | ||
| Q3 25 | 8.16× | 0.47× | ||
| Q2 25 | 2.97× | 0.46× | ||
| Q1 25 | 2.75× | 0.46× | ||
| Q4 24 | — | 0.42× | ||
| Q3 24 | 1.95× | 0.67× | ||
| Q2 24 | — | 0.64× |
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 | — | $-11.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-12.5M |
| 自由现金流率自由现金流/营收 | — | -10.4% |
| 资本支出强度资本支出/营收 | — | 0.7% |
| 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 | — | $-30.5M |
8季度趋势，按日历期对齐
经营现金流FUNPAR
| Q1 26 | — | — | ||
| Q4 25 | $-37.7M | $-11.8M | ||
| Q3 25 | $356.2M | $8.4M | ||
| Q2 25 | $187.0M | $-6.6M | ||
| Q1 25 | $-178.0M | $-17.2M | ||
| Q4 24 | — | $3.4M | ||
| Q3 24 | $337.4M | $8.8M | ||
| Q2 24 | — | $-13.8M |
自由现金流FUNPAR
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | $-12.5M | ||
| Q3 25 | $256.2M | $7.0M | ||
| Q2 25 | $18.8M | $-7.4M | ||
| Q1 25 | $-318.0M | $-17.6M | ||
| Q4 24 | — | $3.2M | ||
| Q3 24 | $227.7M | $8.4M | ||
| Q2 24 | — | $-14.2M |
自由现金流率FUNPAR
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | -10.4% | ||
| Q3 25 | 19.4% | 5.9% | ||
| Q2 25 | 2.0% | -6.6% | ||
| Q1 25 | -157.4% | -16.9% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | 16.9% | 8.7% | ||
| Q2 24 | — | -18.2% |
资本支出强度FUNPAR
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | 0.7% | ||
| Q3 25 | 7.6% | 1.1% | ||
| Q2 25 | 18.1% | 0.7% | ||
| Q1 25 | 69.3% | 0.4% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | 8.1% | 0.4% | ||
| Q2 24 | — | 0.5% |
现金转化率FUNPAR
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.04× | — | ||
| Q2 24 | — | -0.26× |
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% |
PAR
| Subscription Service | $76.1M | 63% |
| Hardware | $27.8M | 23% |
| Professional Service | $16.2M | 13% |
