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六旗（FUN）与POTLATCHDELTIC CORP（PCH）财务数据对比。点击上方公司名可切换其他公司
POTLATCHDELTIC CORP的季度营收约是六旗的1.4倍（$314.2M vs $225.6M），POTLATCHDELTIC CORP净利率更高（8.2% vs -119.0%，领先127.3%），POTLATCHDELTIC CORP同比增速更快（23.1% 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。
PotlatchDeltic是一家总部位于美国华盛顿州斯波坎的多元化林产品企业，业务覆盖林木培育、木材加工及相关林制品的生产与供应，在林业资源管理和产品研发领域拥有成熟的运营体系，为建筑、家居等多个下游行业提供优质原材料与产品解决方案。
FUN vs PCH — 直观对比
营收规模更大
PCH
是对方的1.4倍
$225.6M
营收增速更快
PCH
高出11.5%
11.7%
净利率更高
PCH
高出127.3%
-119.0%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $225.6M | $314.2M |
| 净利润 | $-268.6M | $25.9M |
| 毛利率 | — | 18.2% |
| 营业利润率 | — | 11.2% |
| 净利率 | -119.0% | 8.2% |
| 营收同比 | 11.7% | 23.1% |
| 净利润同比 | -22.2% | 682.5% |
| 每股收益（稀释后） | — | $0.33 |
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FUNPCH
| Q1 26 | $225.6M | — | ||
| Q4 25 | $650.1M | — | ||
| Q3 25 | $1.3B | $314.2M | ||
| Q2 25 | $930.4M | $275.0M | ||
| Q1 25 | $202.1M | $268.3M | ||
| Q4 24 | — | $258.1M | ||
| Q3 24 | $1.3B | $255.1M | ||
| Q2 24 | $571.6M | $320.7M |
净利润FUNPCH
| Q1 26 | $-268.6M | — | ||
| Q4 25 | $-92.4M | — | ||
| Q3 25 | $-1.2B | $25.9M | ||
| Q2 25 | $-99.6M | $7.4M | ||
| Q1 25 | $-219.7M | $25.8M | ||
| Q4 24 | — | $5.2M | ||
| Q3 24 | $111.0M | $3.3M | ||
| Q2 24 | $55.6M | $13.7M |
毛利率FUNPCH
| Q1 26 | — | — | ||
| Q4 25 | 91.4% | — | ||
| Q3 25 | 91.6% | 18.2% | ||
| Q2 25 | 91.3% | 13.0% | ||
| Q1 25 | 89.3% | 17.8% | ||
| Q4 24 | — | 13.4% | ||
| Q3 24 | 91.9% | 10.8% | ||
| Q2 24 | 90.7% | 11.9% |
营业利润率FUNPCH
| Q1 26 | — | — | ||
| Q4 25 | -3.8% | — | ||
| Q3 25 | -83.7% | 11.2% | ||
| Q2 25 | 8.0% | 5.0% | ||
| Q1 25 | -158.9% | 10.3% | ||
| Q4 24 | — | 5.2% | ||
| Q3 24 | 19.5% | 2.8% | ||
| Q2 24 | 21.6% | 5.4% |
净利率FUNPCH
| Q1 26 | -119.0% | — | ||
| Q4 25 | -14.2% | — | ||
| Q3 25 | -90.1% | 8.2% | ||
| Q2 25 | -10.7% | 2.7% | ||
| Q1 25 | -108.7% | 9.6% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | 8.2% | 1.3% | ||
| Q2 24 | 9.7% | 4.3% |
每股收益（稀释后）FUNPCH
| Q1 26 | — | — | ||
| Q4 25 | $-0.93 | — | ||
| Q3 25 | $-11.77 | $0.33 | ||
| Q2 25 | $-0.99 | $0.09 | ||
| Q1 25 | $-2.20 | $0.33 | ||
| Q4 24 | — | $0.07 | ||
| Q3 24 | $1.10 | $0.04 | ||
| Q2 24 | — | $0.17 |
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 | $88.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $279.2M | $1.9B |
| 总资产 | $7.7B | $3.2B |
| 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FUNPCH
| Q1 26 | $116.5M | — | ||
| Q4 25 | $91.1M | — | ||
| Q3 25 | $70.7M | $88.8M | ||
| Q2 25 | $107.4M | $95.3M | ||
| Q1 25 | $61.5M | $147.5M | ||
| Q4 24 | — | $151.6M | ||
| Q3 24 | $89.7M | $161.1M | ||
| Q2 24 | $52.9M | $199.7M |
总债务FUNPCH
| Q1 26 | — | — | ||
| Q4 25 | $5.2B | — | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $5.3B | — | ||
| Q1 25 | $5.0B | — | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $2.3B | — |
股东权益FUNPCH
| Q1 26 | $279.2M | — | ||
| Q4 25 | $549.8M | — | ||
| Q3 25 | $614.3M | $1.9B | ||
| Q2 25 | $1.8B | $1.9B | ||
| Q1 25 | $1.8B | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | $2.3B | $2.1B | ||
| Q2 24 | — | $2.1B |
总资产FUNPCH
| Q1 26 | $7.7B | — | ||
| Q4 25 | $7.8B | — | ||
| Q3 25 | $7.9B | $3.2B | ||
| Q2 25 | $9.5B | $3.2B | ||
| Q1 25 | $9.2B | $3.3B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | $9.4B | $3.3B | ||
| Q2 24 | $2.3B | $3.4B |
负债/权益比FUNPCH
| Q1 26 | — | — | ||
| Q4 25 | 9.40× | — | ||
| Q3 25 | 8.16× | — | ||
| Q2 25 | 2.97× | — | ||
| Q1 25 | 2.75× | — | ||
| Q4 24 | — | 0.51× | ||
| 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 | — | $65.7M |
| 自由现金流经营现金流 - 资本支出 | — | $50.1M |
| 自由现金流率自由现金流/营收 | — | 15.9% |
| 资本支出强度资本支出/营收 | — | 4.9% |
| 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 | — | $132.4M |
8季度趋势，按日历期对齐
经营现金流FUNPCH
| Q1 26 | — | — | ||
| Q4 25 | $-37.7M | — | ||
| Q3 25 | $356.2M | $65.7M | ||
| Q2 25 | $187.0M | $41.0M | ||
| Q1 25 | $-178.0M | $49.1M | ||
| Q4 24 | — | $45.4M | ||
| Q3 24 | $337.4M | $26.5M | ||
| Q2 24 | — | $100.6M |
自由现金流FUNPCH
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | — | ||
| Q3 25 | $256.2M | $50.1M | ||
| Q2 25 | $18.8M | $30.6M | ||
| Q1 25 | $-318.0M | $26.3M | ||
| Q4 24 | — | $25.4M | ||
| Q3 24 | $227.7M | $-8.2M | ||
| Q2 24 | — | $72.4M |
自由现金流率FUNPCH
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | — | ||
| Q3 25 | 19.4% | 15.9% | ||
| Q2 25 | 2.0% | 11.1% | ||
| Q1 25 | -157.4% | 9.8% | ||
| Q4 24 | — | 9.9% | ||
| Q3 24 | 16.9% | -3.2% | ||
| Q2 24 | — | 22.6% |
资本支出强度FUNPCH
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | — | ||
| Q3 25 | 7.6% | 4.9% | ||
| Q2 25 | 18.1% | 3.8% | ||
| Q1 25 | 69.3% | 8.5% | ||
| Q4 24 | — | 7.7% | ||
| Q3 24 | 8.1% | 13.6% | ||
| Q2 24 | — | 8.8% |
现金转化率FUNPCH
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | 5.58× | ||
| Q1 25 | — | 1.90× | ||
| Q4 24 | — | 8.74× | ||
| Q3 24 | 3.04× | 7.99× | ||
| Q2 24 | — | 7.35× |
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% |
PCH
| Lumber | $131.8M | 42% |
| Timberlands | $52.5M | 17% |
| Rural Real Estate | $51.3M | 16% |
| Residuals And Panels | $34.0M | 11% |
| Pulpwood | $16.7M | 5% |
| Development Real Estate | $14.6M | 5% |
| Other | $8.1M | 3% |
| Other Products | $5.2M | 2% |
