vs
六旗（FUN）与PROCORE TECHNOLOGIES, INC.（PCOR）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PROCORE TECHNOLOGIES, INC.的1.9倍（$650.1M vs $349.1M），PROCORE TECHNOLOGIES, INC.净利率更高（-10.8% vs -14.2%，领先3.4%），PROCORE TECHNOLOGIES, INC.自由现金流更多（$109.2M 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。
Procore Technologies是2002年成立的美国建筑管理软件即服务（SaaS）企业，总部位于加利福尼亚州卡平特里亚。公司打造的全球平台可连接建筑行业从业者，支持搭建简化工作流，统一展现建筑项目信息，覆盖任务追踪、项目流程管理、日程排期等核心功能。
FUN vs PCOR — 直观对比
营收规模更大
FUN
是对方的1.9倍
$349.1M
净利率更高
PCOR
高出3.4%
-14.2%
自由现金流更多
PCOR
多$218.5M
$-109.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $349.1M |
| 净利润 | $-92.4M | $-37.6M |
| 毛利率 | 91.4% | 80.1% |
| 营业利润率 | -3.8% | -12.3% |
| 净利率 | -14.2% | -10.8% |
| 营收同比 | — | 15.6% |
| 净利润同比 | — | 39.6% |
| 每股收益（稀释后） | $-0.93 | $-0.25 |
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FUNPCOR
| Q4 25 | $650.1M | $349.1M | ||
| Q3 25 | $1.3B | $338.9M | ||
| Q2 25 | $930.4M | $323.9M | ||
| Q1 25 | $202.1M | $310.6M | ||
| Q4 24 | — | $302.0M | ||
| Q3 24 | $1.3B | $295.9M | ||
| Q2 24 | $571.6M | $284.3M | ||
| Q1 24 | — | $269.4M |
净利润FUNPCOR
| Q4 25 | $-92.4M | $-37.6M | ||
| Q3 25 | $-1.2B | $-9.1M | ||
| Q2 25 | $-99.6M | $-21.1M | ||
| Q1 25 | $-219.7M | $-33.0M | ||
| Q4 24 | — | $-62.3M | ||
| Q3 24 | $111.0M | $-26.4M | ||
| Q2 24 | $55.6M | $-6.3M | ||
| Q1 24 | — | $-11.0M |
毛利率FUNPCOR
| Q4 25 | 91.4% | 80.1% | ||
| Q3 25 | 91.6% | 79.7% | ||
| Q2 25 | 91.3% | 79.1% | ||
| Q1 25 | 89.3% | 79.1% | ||
| Q4 24 | — | 81.2% | ||
| Q3 24 | 91.9% | 81.4% | ||
| Q2 24 | 90.7% | 83.1% | ||
| Q1 24 | — | 83.0% |
营业利润率FUNPCOR
| Q4 25 | -3.8% | -12.3% | ||
| Q3 25 | -83.7% | -4.4% | ||
| Q2 25 | 8.0% | -9.3% | ||
| Q1 25 | -158.9% | -11.7% | ||
| Q4 24 | — | -21.9% | ||
| Q3 24 | 19.5% | -12.3% | ||
| Q2 24 | 21.6% | -5.2% | ||
| Q1 24 | — | -7.0% |
净利率FUNPCOR
| Q4 25 | -14.2% | -10.8% | ||
| Q3 25 | -90.1% | -2.7% | ||
| Q2 25 | -10.7% | -6.5% | ||
| Q1 25 | -108.7% | -10.6% | ||
| Q4 24 | — | -20.6% | ||
| Q3 24 | 8.2% | -8.9% | ||
| Q2 24 | 9.7% | -2.2% | ||
| Q1 24 | — | -4.1% |
每股收益（稀释后）FUNPCOR
| Q4 25 | $-0.93 | $-0.25 | ||
| Q3 25 | $-11.77 | $-0.06 | ||
| Q2 25 | $-0.99 | $-0.14 | ||
| Q1 25 | $-2.20 | $-0.22 | ||
| Q4 24 | — | $-0.42 | ||
| Q3 24 | $1.10 | $-0.18 | ||
| Q2 24 | — | $-0.04 | ||
| Q1 24 | — | $-0.08 |
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 | $768.5M |
| 总债务越低越好 | $5.2B | — |
| 股东权益账面价值 | $549.8M | $1.3B |
| 总资产 | $7.8B | $2.2B |
| 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FUNPCOR
| Q4 25 | $91.1M | $768.5M | ||
| Q3 25 | $70.7M | $684.0M | ||
| Q2 25 | $107.4M | $620.9M | ||
| Q1 25 | $61.5M | $566.7M | ||
| Q4 24 | — | $775.4M | ||
| Q3 24 | $89.7M | $756.9M | ||
| Q2 24 | $52.9M | $735.4M | ||
| Q1 24 | — | $744.6M |
总债务FUNPCOR
| 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 | — | ||
| Q1 24 | — | — |
股东权益FUNPCOR
| Q4 25 | $549.8M | $1.3B | ||
| Q3 25 | $614.3M | $1.2B | ||
| Q2 25 | $1.8B | $1.2B | ||
| Q1 25 | $1.8B | $1.2B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $2.3B | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.2B |
总资产FUNPCOR
| Q4 25 | $7.8B | $2.2B | ||
| Q3 25 | $7.9B | $2.1B | ||
| Q2 25 | $9.5B | $2.0B | ||
| Q1 25 | $9.2B | $1.9B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | $9.4B | $2.0B | ||
| Q2 24 | $2.3B | $2.0B | ||
| Q1 24 | — | $1.9B |
负债/权益比FUNPCOR
| Q4 25 | 9.40× | — | ||
| Q3 25 | 8.16× | — | ||
| Q2 25 | 2.97× | — | ||
| Q1 25 | 2.75× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.95× | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $-37.7M | $114.9M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | $109.2M |
| 自由现金流率自由现金流/营收 | -16.8% | 31.3% |
| 资本支出强度资本支出/营收 | 11.0% | 1.6% |
| 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 | $-152.2M | $282.2M |
8季度趋势，按日历期对齐
经营现金流FUNPCOR
| Q4 25 | $-37.7M | $114.9M | ||
| Q3 25 | $356.2M | $88.5M | ||
| Q2 25 | $187.0M | $30.8M | ||
| Q1 25 | $-178.0M | $66.0M | ||
| Q4 24 | — | $29.1M | ||
| Q3 24 | $337.4M | $39.3M | ||
| Q2 24 | — | $58.7M | ||
| Q1 24 | — | $69.1M |
自由现金流FUNPCOR
| Q4 25 | $-109.3M | $109.2M | ||
| Q3 25 | $256.2M | $83.1M | ||
| Q2 25 | $18.8M | $27.9M | ||
| Q1 25 | $-318.0M | $62.0M | ||
| Q4 24 | — | $17.4M | ||
| Q3 24 | $227.7M | $35.7M | ||
| Q2 24 | — | $56.8M | ||
| Q1 24 | — | $67.1M |
自由现金流率FUNPCOR
| Q4 25 | -16.8% | 31.3% | ||
| Q3 25 | 19.4% | 24.5% | ||
| Q2 25 | 2.0% | 8.6% | ||
| Q1 25 | -157.4% | 20.0% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | 16.9% | 12.1% | ||
| Q2 24 | — | 20.0% | ||
| Q1 24 | — | 24.9% |
资本支出强度FUNPCOR
| Q4 25 | 11.0% | 1.6% | ||
| Q3 25 | 7.6% | 1.6% | ||
| Q2 25 | 18.1% | 0.9% | ||
| Q1 25 | 69.3% | 1.3% | ||
| Q4 24 | — | 3.9% | ||
| Q3 24 | 8.1% | 1.2% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 0.8% |
现金转化率FUNPCOR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.04× | — | ||
| Q2 24 | — | — | ||
| Q1 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
| Admission | $327.4M | 50% |
| Food Merchandiseand Gaming | $205.7M | 32% |
| Accommodations Extra Charge Products And Other | $117.0M | 18% |
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
