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六旗（FUN）与PEGASYSTEMS INC（PEGA）财务数据对比。点击上方公司名可切换其他公司
PEGASYSTEMS INC的季度营收约是六旗的1.9倍（$430.0M vs $225.6M），PEGASYSTEMS INC净利率更高（7.6% vs -119.0%，领先126.7%），六旗同比增速更快（11.7% vs -9.6%）
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。
Pegasystems Inc.（简称Pega）是1983年成立的全球软件企业，总部位于美国马萨诸塞州沃尔瑟姆，1996年于纳斯达克上市，股票代码PEGA。公司主打低代码平台，面向企业客户提供工作流自动化、生成式AI驱动决策等相关解决方案。
FUN vs PEGA — 直观对比
营收规模更大
PEGA
是对方的1.9倍
$225.6M
营收增速更快
FUN
高出21.3%
-9.6%
净利率更高
PEGA
高出126.7%
-119.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $225.6M | $430.0M |
| 净利润 | $-268.6M | $32.8M |
| 毛利率 | — | 75.2% |
| 营业利润率 | — | 8.6% |
| 净利率 | -119.0% | 7.6% |
| 营收同比 | 11.7% | -9.6% |
| 净利润同比 | -22.2% | — |
| 每股收益（稀释后） | — | $0.18 |
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FUNPEGA
| Q1 26 | $225.6M | $430.0M | ||
| Q4 25 | $650.1M | $504.3M | ||
| Q3 25 | $1.3B | $381.4M | ||
| Q2 25 | $930.4M | $384.5M | ||
| Q1 25 | $202.1M | $475.6M | ||
| Q4 24 | — | $490.8M | ||
| Q3 24 | $1.3B | $325.1M | ||
| Q2 24 | $571.6M | $351.2M |
净利润FUNPEGA
| Q1 26 | $-268.6M | $32.8M | ||
| Q4 25 | $-92.4M | $234.6M | ||
| Q3 25 | $-1.2B | $43.4M | ||
| Q2 25 | $-99.6M | $30.1M | ||
| Q1 25 | $-219.7M | $85.4M | ||
| Q4 24 | — | $119.1M | ||
| Q3 24 | $111.0M | $-14.4M | ||
| Q2 24 | $55.6M | $6.6M |
毛利率FUNPEGA
| Q1 26 | — | 75.2% | ||
| Q4 25 | 91.4% | 79.5% | ||
| Q3 25 | 91.6% | 72.2% | ||
| Q2 25 | 91.3% | 71.5% | ||
| Q1 25 | 89.3% | 78.5% | ||
| Q4 24 | — | 79.1% | ||
| Q3 24 | 91.9% | 70.2% | ||
| Q2 24 | 90.7% | 72.4% |
营业利润率FUNPEGA
| Q1 26 | — | 8.6% | ||
| Q4 25 | -3.8% | 20.7% | ||
| Q3 25 | -83.7% | 3.8% | ||
| Q2 25 | 8.0% | 4.5% | ||
| Q1 25 | -158.9% | 26.7% | ||
| Q4 24 | — | 29.1% | ||
| Q3 24 | 19.5% | -3.6% | ||
| Q2 24 | 21.6% | 3.7% |
净利率FUNPEGA
| Q1 26 | -119.0% | 7.6% | ||
| Q4 25 | -14.2% | 46.5% | ||
| Q3 25 | -90.1% | 11.4% | ||
| Q2 25 | -10.7% | 7.8% | ||
| Q1 25 | -108.7% | 18.0% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | 8.2% | -4.4% | ||
| Q2 24 | 9.7% | 1.9% |
每股收益（稀释后）FUNPEGA
| Q1 26 | — | $0.18 | ||
| Q4 25 | $-0.93 | $0.81 | ||
| Q3 25 | $-11.77 | $0.24 | ||
| Q2 25 | $-0.99 | $0.17 | ||
| Q1 25 | $-2.20 | $0.91 | ||
| Q4 24 | — | $1.35 | ||
| Q3 24 | $1.10 | $-0.17 | ||
| Q2 24 | — | $0.07 |
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 | $270.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $279.2M | $705.9M |
| 总资产 | $7.7B | $1.6B |
| 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FUNPEGA
| Q1 26 | $116.5M | $270.0M | ||
| Q4 25 | $91.1M | $425.8M | ||
| Q3 25 | $70.7M | $351.4M | ||
| Q2 25 | $107.4M | $411.6M | ||
| Q1 25 | $61.5M | $371.7M | ||
| Q4 24 | — | $740.0M | ||
| Q3 24 | $89.7M | $703.0M | ||
| Q2 24 | $52.9M | $665.1M |
总债务FUNPEGA
| Q1 26 | — | — | ||
| 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 | — |
股东权益FUNPEGA
| Q1 26 | $279.2M | $705.9M | ||
| Q4 25 | $549.8M | $787.4M | ||
| Q3 25 | $614.3M | $596.8M | ||
| Q2 25 | $1.8B | $624.5M | ||
| Q1 25 | $1.8B | $611.3M | ||
| Q4 24 | — | $585.5M | ||
| Q3 24 | $2.3B | $473.0M | ||
| Q2 24 | — | $435.4M |
总资产FUNPEGA
| Q1 26 | $7.7B | $1.6B | ||
| Q4 25 | $7.8B | $1.6B | ||
| Q3 25 | $7.9B | $1.3B | ||
| Q2 25 | $9.5B | $1.3B | ||
| Q1 25 | $9.2B | $1.3B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $9.4B | $1.6B | ||
| Q2 24 | $2.3B | $1.5B |
负债/权益比FUNPEGA
| Q1 26 | — | — | ||
| Q4 25 | 9.40× | — | ||
| Q3 25 | 8.16× | — | ||
| Q2 25 | 2.97× | — | ||
| Q1 25 | 2.75× | — | ||
| Q4 24 | — | — | ||
| 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 | — | — |
| 自由现金流经营现金流 - 资本支出 | — | $206.5M |
| 自由现金流率自由现金流/营收 | — | 48.0% |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | $494.9M |
8季度趋势，按日历期对齐
经营现金流FUNPEGA
| Q1 26 | — | — | ||
| Q4 25 | $-37.7M | $158.4M | ||
| Q3 25 | $356.2M | $56.3M | ||
| Q2 25 | $187.0M | $86.3M | ||
| Q1 25 | $-178.0M | $204.2M | ||
| Q4 24 | — | $95.2M | ||
| Q3 24 | $337.4M | $30.5M | ||
| Q2 24 | — | $40.1M |
自由现金流FUNPEGA
| Q1 26 | — | $206.5M | ||
| Q4 25 | $-109.3M | $152.4M | ||
| Q3 25 | $256.2M | $51.8M | ||
| Q2 25 | $18.8M | $84.1M | ||
| Q1 25 | $-318.0M | $202.3M | ||
| Q4 24 | — | $92.4M | ||
| Q3 24 | $227.7M | $27.4M | ||
| Q2 24 | — | $38.8M |
自由现金流率FUNPEGA
| Q1 26 | — | 48.0% | ||
| Q4 25 | -16.8% | 30.2% | ||
| Q3 25 | 19.4% | 13.6% | ||
| Q2 25 | 2.0% | 21.9% | ||
| Q1 25 | -157.4% | 42.5% | ||
| Q4 24 | — | 18.8% | ||
| Q3 24 | 16.9% | 8.4% | ||
| Q2 24 | — | 11.1% |
资本支出强度FUNPEGA
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | 1.2% | ||
| Q3 25 | 7.6% | 1.2% | ||
| Q2 25 | 18.1% | 0.6% | ||
| Q1 25 | 69.3% | 0.4% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | 8.1% | 0.9% | ||
| Q2 24 | — | 0.4% |
现金转化率FUNPEGA
| Q1 26 | — | — | ||
| Q4 25 | — | 0.68× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | — | 2.87× | ||
| Q1 25 | — | 2.39× | ||
| Q4 24 | — | 0.80× | ||
| Q3 24 | 3.04× | — | ||
| Q2 24 | — | 6.06× |
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% |
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
