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六旗（FUN）与Penguin Solutions, Inc.（PENG）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Penguin Solutions, Inc.的1.9倍（$650.1M vs $343.1M），Penguin Solutions, Inc.净利率更高（1.5% vs -14.2%，领先15.7%），Penguin Solutions, Inc.自由现金流更多（$28.2M 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。
企鹅解决方案公司旗下的兰波集团以拉姆齐解决方案品牌开展业务，是一家美国企业，业务涵盖个人理财、领导力发展、人际关系管理与职业发展相关产品与服务。该公司由戴夫·拉姆齐与妻子莎伦于1991年创立，总部位于田纳西州富兰克林。
FUN vs PENG — 直观对比
营收规模更大
FUN
是对方的1.9倍
$343.1M
净利率更高
PENG
高出15.7%
-14.2%
自由现金流更多
PENG
多$137.5M
$-109.3M
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $343.1M |
| 净利润 | $-92.4M | $5.3M |
| 毛利率 | 91.4% | 28.0% |
| 营业利润率 | -3.8% | 5.7% |
| 净利率 | -14.2% | 1.5% |
| 营收同比 | — | 0.6% |
| 净利润同比 | — | 1.0% |
| 每股收益（稀释后） | $-0.93 | $0.04 |
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FUNPENG
| Q4 25 | $650.1M | $343.1M | ||
| Q3 25 | $1.3B | $337.9M | ||
| Q2 25 | $930.4M | $324.3M | ||
| Q1 25 | $202.1M | $365.5M | ||
| Q4 24 | — | $341.1M | ||
| Q3 24 | $1.3B | $284.8M | ||
| Q2 24 | $571.6M | $300.6M | ||
| Q4 23 | — | $274.2M |
净利润FUNPENG
| Q4 25 | $-92.4M | $5.3M | ||
| Q3 25 | $-1.2B | $9.4M | ||
| Q2 25 | $-99.6M | $2.7M | ||
| Q1 25 | $-219.7M | $8.1M | ||
| Q4 24 | — | $5.2M | ||
| Q3 24 | $111.0M | — | ||
| Q2 24 | $55.6M | $5.6M | ||
| Q4 23 | — | $-19.9M |
毛利率FUNPENG
| Q4 25 | 91.4% | 28.0% | ||
| Q3 25 | 91.6% | 28.6% | ||
| Q2 25 | 91.3% | 29.3% | ||
| Q1 25 | 89.3% | 28.6% | ||
| Q4 24 | — | 28.7% | ||
| Q3 24 | 91.9% | 28.8% | ||
| Q2 24 | 90.7% | 29.6% | ||
| Q4 23 | — | 30.2% |
营业利润率FUNPENG
| Q4 25 | -3.8% | 5.7% | ||
| Q3 25 | -83.7% | 3.7% | ||
| Q2 25 | 8.0% | 3.0% | ||
| Q1 25 | -158.9% | 5.1% | ||
| Q4 24 | — | 5.1% | ||
| Q3 24 | 19.5% | -1.2% | ||
| Q2 24 | 21.6% | 3.8% | ||
| Q4 23 | — | 0.5% |
净利率FUNPENG
| Q4 25 | -14.2% | 1.5% | ||
| Q3 25 | -90.1% | 2.8% | ||
| Q2 25 | -10.7% | 0.8% | ||
| Q1 25 | -108.7% | 2.2% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | 8.2% | — | ||
| Q2 24 | 9.7% | 1.9% | ||
| Q4 23 | — | -7.3% |
每股收益（稀释后）FUNPENG
| Q4 25 | $-0.93 | $0.04 | ||
| Q3 25 | $-11.77 | $0.10 | ||
| Q2 25 | $-0.99 | $-0.01 | ||
| Q1 25 | $-2.20 | $0.09 | ||
| Q4 24 | — | $0.10 | ||
| Q3 24 | $1.10 | — | ||
| Q2 24 | — | $0.10 | ||
| Q4 23 | — | $-0.38 |
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 | $461.5M |
| 总债务越低越好 | $5.2B | $462.3M |
| 股东权益账面价值 | $549.8M | $389.7M |
| 总资产 | $7.8B | $1.6B |
| 负债/权益比越低杠杆越低 | 9.40× | 1.19× |
8季度趋势，按日历期对齐
现金及短期投资FUNPENG
| Q4 25 | $91.1M | $461.5M | ||
| Q3 25 | $70.7M | $453.8M | ||
| Q2 25 | $107.4M | $735.5M | ||
| Q1 25 | $61.5M | $647.0M | ||
| Q4 24 | — | $393.7M | ||
| Q3 24 | $89.7M | $389.5M | ||
| Q2 24 | $52.9M | $467.5M | ||
| Q4 23 | — | $553.4M |
总债务FUNPENG
| Q4 25 | $5.2B | $462.3M | ||
| Q3 25 | $5.0B | $461.8M | ||
| Q2 25 | $5.3B | $659.5M | ||
| Q1 25 | $5.0B | $658.8M | ||
| Q4 24 | — | $658.1M | ||
| Q3 24 | $4.6B | $657.3M | ||
| Q2 24 | $2.3B | $667.0M | ||
| Q4 23 | — | $776.8M |
股东权益FUNPENG
| Q4 25 | $549.8M | $389.7M | ||
| Q3 25 | $614.3M | $394.2M | ||
| Q2 25 | $1.8B | $584.8M | ||
| Q1 25 | $1.8B | $602.5M | ||
| Q4 24 | — | $400.4M | ||
| Q3 24 | $2.3B | $391.4M | ||
| Q2 24 | — | $423.4M | ||
| Q4 23 | — | $410.2M |
总资产FUNPENG
| Q4 25 | $7.8B | $1.6B | ||
| Q3 25 | $7.9B | $1.6B | ||
| Q2 25 | $9.5B | $1.8B | ||
| Q1 25 | $9.2B | $1.8B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | $9.4B | $1.5B | ||
| Q2 24 | $2.3B | $1.5B | ||
| Q4 23 | — | $1.6B |
负债/权益比FUNPENG
| Q4 25 | 9.40× | 1.19× | ||
| Q3 25 | 8.16× | 1.17× | ||
| Q2 25 | 2.97× | 1.13× | ||
| Q1 25 | 2.75× | 1.09× | ||
| Q4 24 | — | 1.64× | ||
| Q3 24 | 1.95× | 1.68× | ||
| Q2 24 | — | 1.58× | ||
| Q4 23 | — | 1.89× |
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 | $31.1M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | $28.2M |
| 自由现金流率自由现金流/营收 | -16.8% | 8.2% |
| 资本支出强度资本支出/营收 | 11.0% | 0.8% |
| 现金转化率经营现金流/净利润 | — | 5.89× |
| 过去12个月自由现金流最近4个季度 | $-152.2M | $116.3M |
8季度趋势，按日历期对齐
经营现金流FUNPENG
| Q4 25 | $-37.7M | $31.1M | ||
| Q3 25 | $356.2M | $-70.4M | ||
| Q2 25 | $187.0M | $92.8M | ||
| Q1 25 | $-178.0M | $72.9M | ||
| Q4 24 | — | $13.8M | ||
| Q3 24 | $337.4M | — | ||
| Q2 24 | — | $57.9M | ||
| Q4 23 | — | $31.5M |
自由现金流FUNPENG
| Q4 25 | $-109.3M | $28.2M | ||
| Q3 25 | $256.2M | $-73.4M | ||
| Q2 25 | $18.8M | $90.9M | ||
| Q1 25 | $-318.0M | $70.5M | ||
| Q4 24 | — | $12.0M | ||
| Q3 24 | $227.7M | — | ||
| Q2 24 | — | $48.9M | ||
| Q4 23 | — | $26.8M |
自由现金流率FUNPENG
| Q4 25 | -16.8% | 8.2% | ||
| Q3 25 | 19.4% | -21.7% | ||
| Q2 25 | 2.0% | 28.0% | ||
| Q1 25 | -157.4% | 19.3% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | 16.9% | — | ||
| Q2 24 | — | 16.3% | ||
| Q4 23 | — | 9.8% |
资本支出强度FUNPENG
| Q4 25 | 11.0% | 0.8% | ||
| Q3 25 | 7.6% | 0.9% | ||
| Q2 25 | 18.1% | 0.6% | ||
| Q1 25 | 69.3% | 0.6% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | 8.1% | — | ||
| Q2 24 | — | 3.0% | ||
| Q4 23 | — | 1.7% |
现金转化率FUNPENG
| Q4 25 | — | 5.89× | ||
| Q3 25 | — | -7.47× | ||
| Q2 25 | — | 34.88× | ||
| Q1 25 | — | 9.02× | ||
| Q4 24 | — | 2.65× | ||
| Q3 24 | 3.04× | — | ||
| Q2 24 | — | 10.30× | ||
| Q4 23 | — | — |
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% |
PENG
| Integrated Memory Segment | $171.6M | 50% |
| Advanced Computing Segment | $115.7M | 34% |
| Optimized LED Segment | $55.7M | 16% |
