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六旗（FUN）与Pure Storage, Inc.（PSTG）财务数据对比。点击上方公司名可切换其他公司
Pure Storage, Inc.的季度营收约是六旗的4.3倍（$964.5M vs $225.6M），Pure Storage, Inc.净利率更高（5.7% vs -119.0%，领先124.7%），Pure Storage, Inc.同比增速更快（16.0% vs 11.7%）
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。
Pure Storage是美国上市科技企业，总部位于加利福尼亚州圣克拉拉，成立于2009年，2011年正式推出自研全闪存数据存储软硬件产品，2015年上市前累计获得超4.7亿美元风险投资，营收长期保持高速增长态势。
FUN vs PSTG — 直观对比
营收规模更大
PSTG
是对方的4.3倍
$225.6M
营收增速更快
PSTG
高出4.4%
11.7%
净利率更高
PSTG
高出124.7%
-119.0%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $225.6M | $964.5M |
| 净利润 | $-268.6M | $54.8M |
| 毛利率 | — | 72.3% |
| 营业利润率 | — | 5.6% |
| 净利率 | -119.0% | 5.7% |
| 营收同比 | 11.7% | 16.0% |
| 净利润同比 | -22.2% | -13.9% |
| 每股收益（稀释后） | — | $0.16 |
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FUNPSTG
| Q1 26 | $225.6M | — | ||
| Q4 25 | $650.1M | $964.5M | ||
| Q3 25 | $1.3B | $861.0M | ||
| Q2 25 | $930.4M | $778.5M | ||
| Q1 25 | $202.1M | $879.8M | ||
| Q4 24 | — | $831.1M | ||
| Q3 24 | $1.3B | $763.8M | ||
| Q2 24 | $571.6M | $693.5M |
净利润FUNPSTG
| Q1 26 | $-268.6M | — | ||
| Q4 25 | $-92.4M | $54.8M | ||
| Q3 25 | $-1.2B | $47.1M | ||
| Q2 25 | $-99.6M | $-14.0M | ||
| Q1 25 | $-219.7M | $42.4M | ||
| Q4 24 | — | $63.6M | ||
| Q3 24 | $111.0M | $35.7M | ||
| Q2 24 | $55.6M | $-35.0M |
毛利率FUNPSTG
| Q1 26 | — | — | ||
| Q4 25 | 91.4% | 72.3% | ||
| Q3 25 | 91.6% | 70.2% | ||
| Q2 25 | 91.3% | 68.9% | ||
| Q1 25 | 89.3% | 67.5% | ||
| Q4 24 | — | 70.1% | ||
| Q3 24 | 91.9% | 70.7% | ||
| Q2 24 | 90.7% | 71.5% |
营业利润率FUNPSTG
| Q1 26 | — | — | ||
| Q4 25 | -3.8% | 5.6% | ||
| Q3 25 | -83.7% | 0.6% | ||
| Q2 25 | 8.0% | -4.0% | ||
| Q1 25 | -158.9% | 4.8% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | 19.5% | 3.3% | ||
| Q2 24 | 21.6% | -6.0% |
净利率FUNPSTG
| Q1 26 | -119.0% | — | ||
| Q4 25 | -14.2% | 5.7% | ||
| Q3 25 | -90.1% | 5.5% | ||
| Q2 25 | -10.7% | -1.8% | ||
| Q1 25 | -108.7% | 4.8% | ||
| Q4 24 | — | 7.7% | ||
| Q3 24 | 8.2% | 4.7% | ||
| Q2 24 | 9.7% | -5.0% |
每股收益（稀释后）FUNPSTG
| Q1 26 | — | — | ||
| Q4 25 | $-0.93 | $0.16 | ||
| Q3 25 | $-11.77 | $0.14 | ||
| Q2 25 | $-0.99 | $-0.04 | ||
| Q1 25 | $-2.20 | $0.13 | ||
| Q4 24 | — | $0.19 | ||
| Q3 24 | $1.10 | $0.10 | ||
| Q2 24 | — | $-0.11 |
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 | $852.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $279.2M | $1.4B |
| 总资产 | $7.7B | $4.2B |
| 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FUNPSTG
| Q1 26 | $116.5M | — | ||
| Q4 25 | $91.1M | $852.8M | ||
| Q3 25 | $70.7M | $887.8M | ||
| Q2 25 | $107.4M | $739.3M | ||
| Q1 25 | $61.5M | $723.6M | ||
| Q4 24 | — | $894.6M | ||
| Q3 24 | $89.7M | $965.0M | ||
| Q2 24 | $52.9M | $900.6M |
总债务FUNPSTG
| 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FUNPSTG
| Q1 26 | $279.2M | — | ||
| Q4 25 | $549.8M | $1.4B | ||
| Q3 25 | $614.3M | $1.3B | ||
| Q2 25 | $1.8B | $1.2B | ||
| Q1 25 | $1.8B | $1.3B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $2.3B | $1.5B | ||
| Q2 24 | — | $1.4B |
总资产FUNPSTG
| Q1 26 | $7.7B | — | ||
| Q4 25 | $7.8B | $4.2B | ||
| Q3 25 | $7.9B | $4.0B | ||
| Q2 25 | $9.5B | $3.8B | ||
| Q1 25 | $9.2B | $4.0B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | $9.4B | $3.8B | ||
| Q2 24 | $2.3B | $3.6B |
负债/权益比FUNPSTG
| 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 | — | $116.0M |
| 自由现金流经营现金流 - 资本支出 | — | $52.6M |
| 自由现金流率自由现金流/营收 | — | 5.5% |
| 资本支出强度资本支出/营收 | — | 6.6% |
| 现金转化率经营现金流/净利润 | — | 2.12× |
| 过去12个月自由现金流最近4个季度 | — | $566.7M |
8季度趋势，按日历期对齐
经营现金流FUNPSTG
| Q1 26 | — | — | ||
| Q4 25 | $-37.7M | $116.0M | ||
| Q3 25 | $356.2M | $212.2M | ||
| Q2 25 | $187.0M | $283.9M | ||
| Q1 25 | $-178.0M | $208.5M | ||
| Q4 24 | — | $97.0M | ||
| Q3 24 | $337.4M | $226.6M | ||
| Q2 24 | — | $221.5M |
自由现金流FUNPSTG
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | $52.6M | ||
| Q3 25 | $256.2M | $150.1M | ||
| Q2 25 | $18.8M | $211.6M | ||
| Q1 25 | $-318.0M | $152.4M | ||
| Q4 24 | — | $35.2M | ||
| Q3 24 | $227.7M | $166.6M | ||
| Q2 24 | — | $172.7M |
自由现金流率FUNPSTG
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | 5.5% | ||
| Q3 25 | 19.4% | 17.4% | ||
| Q2 25 | 2.0% | 27.2% | ||
| Q1 25 | -157.4% | 17.3% | ||
| Q4 24 | — | 4.2% | ||
| Q3 24 | 16.9% | 21.8% | ||
| Q2 24 | — | 24.9% |
资本支出强度FUNPSTG
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | 6.6% | ||
| Q3 25 | 7.6% | 7.2% | ||
| Q2 25 | 18.1% | 9.3% | ||
| Q1 25 | 69.3% | 6.4% | ||
| Q4 24 | — | 7.4% | ||
| Q3 24 | 8.1% | 7.9% | ||
| Q2 24 | — | 7.0% |
现金转化率FUNPSTG
| Q1 26 | — | — | ||
| Q4 25 | — | 2.12× | ||
| Q3 25 | — | 4.50× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 4.91× | ||
| Q4 24 | — | 1.52× | ||
| Q3 24 | 3.04× | 6.35× | ||
| Q2 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
| In-park admissions revenues | $113.4M | 50% |
| In-park product revenues | $89.0M | 39% |
| Out-of-park revenues | $28.8M | 13% |
PSTG
| US | $683.2M | 71% |
| Non Us | $281.3M | 29% |
