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六旗（FUN）与CPI Card Group Inc.（PMTS）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CPI Card Group Inc.的4.2倍（$650.1M vs $153.1M），CPI Card Group Inc.净利率更高（4.8% vs -14.2%，领先19.0%），CPI Card Group Inc.自由现金流更多（$35.2M 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。
CPI Card Group Inc.是知名的支付卡生产及配套解决方案供应商，主营接触式、非接触式信用卡、借记卡、预付卡的制造与个性化定制服务，客户以北美地区的金融机构、金融科技企业及零售品牌为主。
FUN vs PMTS — 直观对比
营收规模更大
FUN
是对方的4.2倍
$153.1M
净利率更高
PMTS
高出19.0%
-14.2%
自由现金流更多
PMTS
多$144.5M
$-109.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $153.1M |
| 净利润 | $-92.4M | $7.3M |
| 毛利率 | 91.4% | 31.5% |
| 营业利润率 | -3.8% | 12.0% |
| 净利率 | -14.2% | 4.8% |
| 营收同比 | — | 22.3% |
| 净利润同比 | — | 8.5% |
| 每股收益（稀释后） | $-0.93 | $0.62 |
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FUNPMTS
| Q4 25 | $650.1M | $153.1M | ||
| Q3 25 | $1.3B | $138.0M | ||
| Q2 25 | $930.4M | $129.8M | ||
| Q1 25 | $202.1M | $122.8M | ||
| Q4 24 | — | $125.1M | ||
| Q3 24 | $1.3B | $124.8M | ||
| Q2 24 | $571.6M | $118.8M | ||
| Q1 24 | — | $111.9M |
净利润FUNPMTS
| Q4 25 | $-92.4M | $7.3M | ||
| Q3 25 | $-1.2B | $2.3M | ||
| Q2 25 | $-99.6M | $518.0K | ||
| Q1 25 | $-219.7M | $4.8M | ||
| Q4 24 | — | $6.8M | ||
| Q3 24 | $111.0M | $1.3M | ||
| Q2 24 | $55.6M | $6.0M | ||
| Q1 24 | — | $5.5M |
毛利率FUNPMTS
| Q4 25 | 91.4% | 31.5% | ||
| Q3 25 | 91.6% | 29.7% | ||
| Q2 25 | 91.3% | 30.9% | ||
| Q1 25 | 89.3% | 33.2% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | 91.9% | 35.8% | ||
| Q2 24 | 90.7% | 35.7% | ||
| Q1 24 | — | 37.1% |
营业利润率FUNPMTS
| Q4 25 | -3.8% | 12.0% | ||
| Q3 25 | -83.7% | 9.4% | ||
| Q2 25 | 8.0% | 7.3% | ||
| Q1 25 | -158.9% | 11.5% | ||
| Q4 24 | — | 12.7% | ||
| Q3 24 | 19.5% | 14.3% | ||
| Q2 24 | 21.6% | 12.5% | ||
| Q1 24 | — | 12.6% |
净利率FUNPMTS
| Q4 25 | -14.2% | 4.8% | ||
| Q3 25 | -90.1% | 1.7% | ||
| Q2 25 | -10.7% | 0.4% | ||
| Q1 25 | -108.7% | 3.9% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | 8.2% | 1.0% | ||
| Q2 24 | 9.7% | 5.1% | ||
| Q1 24 | — | 4.9% |
每股收益（稀释后）FUNPMTS
| Q4 25 | $-0.93 | $0.62 | ||
| Q3 25 | $-11.77 | $0.19 | ||
| Q2 25 | $-0.99 | $0.04 | ||
| Q1 25 | $-2.20 | $0.40 | ||
| Q4 24 | — | $0.56 | ||
| Q3 24 | $1.10 | $0.11 | ||
| Q2 24 | — | $0.51 | ||
| Q1 24 | — | $0.46 |
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 | $21.7M |
| 总债务越低越好 | $5.2B | $286.7M |
| 股东权益账面价值 | $549.8M | $-17.3M |
| 总资产 | $7.8B | $403.2M |
| 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FUNPMTS
| Q4 25 | $91.1M | $21.7M | ||
| Q3 25 | $70.7M | $16.0M | ||
| Q2 25 | $107.4M | $17.1M | ||
| Q1 25 | $61.5M | $31.5M | ||
| Q4 24 | — | $33.5M | ||
| Q3 24 | $89.7M | $14.7M | ||
| Q2 24 | $52.9M | $7.5M | ||
| Q1 24 | — | $17.1M |
总债务FUNPMTS
| Q4 25 | $5.2B | $286.7M | ||
| Q3 25 | $5.0B | $308.4M | ||
| Q2 25 | $5.3B | $310.9M | ||
| Q1 25 | $5.0B | $280.7M | ||
| Q4 24 | — | $280.4M | ||
| Q3 24 | $4.6B | $280.2M | ||
| Q2 24 | $2.3B | $269.7M | ||
| Q1 24 | — | $265.3M |
股东权益FUNPMTS
| Q4 25 | $549.8M | $-17.3M | ||
| Q3 25 | $614.3M | $-25.7M | ||
| Q2 25 | $1.8B | $-29.0M | ||
| Q1 25 | $1.8B | $-29.7M | ||
| Q4 24 | — | $-35.6M | ||
| Q3 24 | $2.3B | $-42.8M | ||
| Q2 24 | — | $-44.6M | ||
| Q1 24 | — | $-48.5M |
总资产FUNPMTS
| Q4 25 | $7.8B | $403.2M | ||
| Q3 25 | $7.9B | $407.1M | ||
| Q2 25 | $9.5B | $399.8M | ||
| Q1 25 | $9.2B | $351.9M | ||
| Q4 24 | — | $349.7M | ||
| Q3 24 | $9.4B | $342.3M | ||
| Q2 24 | $2.3B | $321.4M | ||
| Q1 24 | — | $319.8M |
负债/权益比FUNPMTS
| 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 | $39.6M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | $35.2M |
| 自由现金流率自由现金流/营收 | -16.8% | 23.0% |
| 资本支出强度资本支出/营收 | 11.0% | 2.9% |
| 现金转化率经营现金流/净利润 | — | 5.39× |
| 过去12个月自由现金流最近4个季度 | $-152.2M | $41.3M |
8季度趋势，按日历期对齐
经营现金流FUNPMTS
| Q4 25 | $-37.7M | $39.6M | ||
| Q3 25 | $356.2M | $10.0M | ||
| Q2 25 | $187.0M | $4.3M | ||
| Q1 25 | $-178.0M | $5.6M | ||
| Q4 24 | — | $26.7M | ||
| Q3 24 | $337.4M | $12.5M | ||
| Q2 24 | — | $-4.8M | ||
| Q1 24 | — | $8.9M |
自由现金流FUNPMTS
| Q4 25 | $-109.3M | $35.2M | ||
| Q3 25 | $256.2M | $5.3M | ||
| Q2 25 | $18.8M | $533.0K | ||
| Q1 25 | $-318.0M | $292.0K | ||
| Q4 24 | — | $21.6M | ||
| Q3 24 | $227.7M | $11.1M | ||
| Q2 24 | — | $-6.0M | ||
| Q1 24 | — | $7.4M |
自由现金流率FUNPMTS
| Q4 25 | -16.8% | 23.0% | ||
| Q3 25 | 19.4% | 3.8% | ||
| Q2 25 | 2.0% | 0.4% | ||
| Q1 25 | -157.4% | 0.2% | ||
| Q4 24 | — | 17.3% | ||
| Q3 24 | 16.9% | 8.9% | ||
| Q2 24 | — | -5.0% | ||
| Q1 24 | — | 6.6% |
资本支出强度FUNPMTS
| Q4 25 | 11.0% | 2.9% | ||
| Q3 25 | 7.6% | 3.4% | ||
| Q2 25 | 18.1% | 2.9% | ||
| Q1 25 | 69.3% | 4.3% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | 8.1% | 1.2% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 1.3% |
现金转化率FUNPMTS
| Q4 25 | — | 5.39× | ||
| Q3 25 | — | 4.32× | ||
| Q2 25 | — | 8.39× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | — | 3.94× | ||
| Q3 24 | 3.04× | 9.70× | ||
| Q2 24 | — | -0.79× | ||
| Q1 24 | — | 1.63× |
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% |
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
