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六旗（FUN）与PIPER SANDLER COMPANIES（PIPR）财务数据对比。点击上方公司名可切换其他公司
PIPER SANDLER COMPANIES的季度营收约是六旗的1.0倍（$667.0M vs $650.1M），PIPER SANDLER COMPANIES净利率更高（17.1% vs -14.2%，领先31.3%）
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。
Piper Sandler是一家美国跨国投资银行及金融服务提供商，核心业务覆盖并购重组、财务重整、公开募股、公共财政、机构经纪、投资管理、证券研究等领域，通过旗下核心子公司Piper Sandler & Co.为企业、机构投资者及公共组织提供专业金融服务。
FUN vs PIPR — 直观对比
营收规模更大
PIPR
是对方的1.0倍
$650.1M
净利率更高
PIPR
高出31.3%
-14.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $667.0M |
| 净利润 | $-92.4M | $114.0M |
| 毛利率 | 91.4% | — |
| 营业利润率 | -3.8% | 28.3% |
| 净利率 | -14.2% | 17.1% |
| 营收同比 | — | 37.4% |
| 净利润同比 | — | 65.0% |
| 每股收益（稀释后） | $-0.93 | $6.41 |
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FUNPIPR
| Q4 25 | $650.1M | $667.0M | ||
| Q3 25 | $1.3B | $480.1M | ||
| Q2 25 | $930.4M | $398.6M | ||
| Q1 25 | $202.1M | $358.6M | ||
| Q4 24 | — | $485.4M | ||
| Q3 24 | $1.3B | $360.9M | ||
| Q2 24 | $571.6M | $340.8M | ||
| Q1 24 | — | $344.4M |
净利润FUNPIPR
| Q4 25 | $-92.4M | $114.0M | ||
| Q3 25 | $-1.2B | $60.3M | ||
| Q2 25 | $-99.6M | $42.2M | ||
| Q1 25 | $-219.7M | $64.9M | ||
| Q4 24 | — | $69.1M | ||
| Q3 24 | $111.0M | $34.8M | ||
| Q2 24 | $55.6M | $34.8M | ||
| Q1 24 | — | $42.5M |
毛利率FUNPIPR
| Q4 25 | 91.4% | — | ||
| Q3 25 | 91.6% | — | ||
| Q2 25 | 91.3% | — | ||
| Q1 25 | 89.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 91.9% | — | ||
| Q2 24 | 90.7% | — | ||
| Q1 24 | — | — |
营业利润率FUNPIPR
| Q4 25 | -3.8% | 28.3% | ||
| Q3 25 | -83.7% | 22.4% | ||
| Q2 25 | 8.0% | 12.3% | ||
| Q1 25 | -158.9% | 8.2% | ||
| Q4 24 | — | 16.9% | ||
| Q3 24 | 19.5% | 15.4% | ||
| Q2 24 | 21.6% | 8.3% | ||
| Q1 24 | — | 15.2% |
净利率FUNPIPR
| Q4 25 | -14.2% | 17.1% | ||
| Q3 25 | -90.1% | 12.6% | ||
| Q2 25 | -10.7% | 10.6% | ||
| Q1 25 | -108.7% | 18.1% | ||
| Q4 24 | — | 14.2% | ||
| Q3 24 | 8.2% | 9.6% | ||
| Q2 24 | 9.7% | 10.2% | ||
| Q1 24 | — | 12.3% |
每股收益（稀释后）FUNPIPR
| Q4 25 | $-0.93 | $6.41 | ||
| Q3 25 | $-11.77 | $3.38 | ||
| Q2 25 | $-0.99 | $2.38 | ||
| Q1 25 | $-2.20 | $3.65 | ||
| Q4 24 | — | $3.88 | ||
| Q3 24 | $1.10 | $1.96 | ||
| Q2 24 | — | $1.97 | ||
| Q1 24 | — | $2.43 |
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 | — |
| 总债务越低越好 | $5.2B | — |
| 股东权益账面价值 | $549.8M | $1.4B |
| 总资产 | $7.8B | $2.6B |
| 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FUNPIPR
| Q4 25 | $91.1M | — | ||
| Q3 25 | $70.7M | — | ||
| Q2 25 | $107.4M | — | ||
| Q1 25 | $61.5M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $89.7M | — | ||
| Q2 24 | $52.9M | — | ||
| Q1 24 | — | — |
总债务FUNPIPR
| 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FUNPIPR
| Q4 25 | $549.8M | $1.4B | ||
| Q3 25 | $614.3M | $1.3B | ||
| Q2 25 | $1.8B | $1.2B | ||
| Q1 25 | $1.8B | $1.2B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $2.3B | $1.2B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
总资产FUNPIPR
| Q4 25 | $7.8B | $2.6B | ||
| Q3 25 | $7.9B | $2.2B | ||
| Q2 25 | $9.5B | $2.0B | ||
| Q1 25 | $9.2B | $1.8B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | $9.4B | $2.0B | ||
| Q2 24 | $2.3B | $1.9B | ||
| Q1 24 | — | $1.8B |
负债/权益比FUNPIPR
| 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 | $729.8M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | — |
| 自由现金流率自由现金流/营收 | -16.8% | — |
| 资本支出强度资本支出/营收 | 11.0% | — |
| 现金转化率经营现金流/净利润 | — | 6.40× |
| 过去12个月自由现金流最近4个季度 | $-152.2M | — |
8季度趋势，按日历期对齐
经营现金流FUNPIPR
| Q4 25 | $-37.7M | $729.8M | ||
| Q3 25 | $356.2M | $31.9M | ||
| Q2 25 | $187.0M | $32.1M | ||
| Q1 25 | $-178.0M | $-207.2M | ||
| Q4 24 | — | $163.8M | ||
| Q3 24 | $337.4M | $80.1M | ||
| Q2 24 | — | $266.5M | ||
| Q1 24 | — | $-197.2M |
自由现金流FUNPIPR
| Q4 25 | $-109.3M | — | ||
| Q3 25 | $256.2M | — | ||
| Q2 25 | $18.8M | — | ||
| Q1 25 | $-318.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $227.7M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率FUNPIPR
| Q4 25 | -16.8% | — | ||
| Q3 25 | 19.4% | — | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | -157.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 16.9% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度FUNPIPR
| Q4 25 | 11.0% | — | ||
| Q3 25 | 7.6% | — | ||
| Q2 25 | 18.1% | — | ||
| Q1 25 | 69.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.1% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率FUNPIPR
| Q4 25 | — | 6.40× | ||
| Q3 25 | — | 0.53× | ||
| Q2 25 | — | 0.76× | ||
| Q1 25 | — | -3.19× | ||
| Q4 24 | — | 2.37× | ||
| Q3 24 | 3.04× | 2.30× | ||
| Q2 24 | — | 7.66× | ||
| Q1 24 | — | -4.64× |
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% |
PIPR
| Advisory Services | $402.6M | 60% |
| Equities Financing | $66.7M | 10% |
| Equity Salesand Trading | $64.2M | 10% |
| Fixed Income Salesand Trading | $47.9M | 7% |
| Other | $46.7M | 7% |
| Debt Financing | $38.9M | 6% |
