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六旗（FUN）与FreightCar America, Inc.（RAIL）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FreightCar America, Inc.的1.8倍（$225.6M vs $125.5M），FreightCar America, Inc.净利率更高（-13.2% vs -119.0%，领先105.8%），六旗同比增速更快（11.7% vs -8.8%）
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。
货运车美国公司是铁路行业货运车厢制造商，全球约有2000名雇员，核心生产基地设在墨西哥卡斯塔诺斯，厂区面积达70万平方英尺。此外，公司总部设于芝加哥，在宾夕法尼亚州约翰斯顿设有工程与零部件厂区，主要为铁路领域提供专业货运车厢产品。
FUN vs RAIL — 直观对比
营收规模更大
FUN
是对方的1.8倍
$125.5M
营收增速更快
FUN
高出20.5%
-8.8%
净利率更高
RAIL
高出105.8%
-119.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $225.6M | $125.5M |
| 净利润 | $-268.6M | $-16.6M |
| 毛利率 | — | 13.4% |
| 营业利润率 | — | 6.2% |
| 净利率 | -119.0% | -13.2% |
| 营收同比 | 11.7% | -8.8% |
| 净利润同比 | -22.2% | -147.9% |
| 每股收益（稀释后） | — | $-0.54 |
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FUNRAIL
| Q1 26 | $225.6M | — | ||
| Q4 25 | $650.1M | $125.5M | ||
| Q3 25 | $1.3B | $160.4M | ||
| Q2 25 | $930.4M | $118.5M | ||
| Q1 25 | $202.1M | $96.2M | ||
| Q4 24 | — | $137.6M | ||
| Q3 24 | $1.3B | $113.2M | ||
| Q2 24 | $571.6M | $146.0M |
净利润FUNRAIL
| Q1 26 | $-268.6M | — | ||
| Q4 25 | $-92.4M | $-16.6M | ||
| Q3 25 | $-1.2B | $-7.4M | ||
| Q2 25 | $-99.6M | $11.7M | ||
| Q1 25 | $-219.7M | $50.4M | ||
| Q4 24 | — | $34.6M | ||
| Q3 24 | $111.0M | $-107.0M | ||
| Q2 24 | $55.6M | $8.2M |
毛利率FUNRAIL
| Q1 26 | — | — | ||
| Q4 25 | 91.4% | 13.4% | ||
| Q3 25 | 91.6% | 15.1% | ||
| Q2 25 | 91.3% | 15.0% | ||
| Q1 25 | 89.3% | 15.0% | ||
| Q4 24 | — | 15.3% | ||
| Q3 24 | 91.9% | 14.3% | ||
| Q2 24 | 90.7% | 12.6% |
营业利润率FUNRAIL
| Q1 26 | — | — | ||
| Q4 25 | -3.8% | 6.2% | ||
| Q3 25 | -83.7% | 9.1% | ||
| Q2 25 | 8.0% | 6.5% | ||
| Q1 25 | -158.9% | 4.0% | ||
| Q4 24 | — | 8.5% | ||
| Q3 24 | 19.5% | 7.6% | ||
| Q2 24 | 21.6% | 9.0% |
净利率FUNRAIL
| Q1 26 | -119.0% | — | ||
| Q4 25 | -14.2% | -13.2% | ||
| Q3 25 | -90.1% | -4.6% | ||
| Q2 25 | -10.7% | 9.9% | ||
| Q1 25 | -108.7% | 52.4% | ||
| Q4 24 | — | 25.2% | ||
| Q3 24 | 8.2% | -94.6% | ||
| Q2 24 | 9.7% | 5.6% |
每股收益（稀释后）FUNRAIL
| Q1 26 | — | — | ||
| Q4 25 | $-0.93 | $-0.54 | ||
| Q3 25 | $-11.77 | $-0.23 | ||
| Q2 25 | $-0.99 | $0.34 | ||
| Q1 25 | $-2.20 | $1.52 | ||
| Q4 24 | — | $0.88 | ||
| Q3 24 | $1.10 | $-3.57 | ||
| 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 | — |
| 总债务越低越好 | — | $107.2M |
| 股东权益账面价值 | $279.2M | $-107.4M |
| 总资产 | $7.7B | $290.0M |
| 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FUNRAIL
| Q1 26 | $116.5M | — | ||
| 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 | — |
总债务FUNRAIL
| Q1 26 | — | — | ||
| Q4 25 | $5.2B | $107.2M | ||
| Q3 25 | $5.0B | $107.6M | ||
| Q2 25 | $5.3B | $107.9M | ||
| Q1 25 | $5.0B | $108.2M | ||
| Q4 24 | — | $108.4M | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $2.3B | — |
股东权益FUNRAIL
| Q1 26 | $279.2M | — | ||
| Q4 25 | $549.8M | $-107.4M | ||
| Q3 25 | $614.3M | $-90.9M | ||
| Q2 25 | $1.8B | $-83.5M | ||
| Q1 25 | $1.8B | $-97.4M | ||
| Q4 24 | — | $-150.3M | ||
| Q3 24 | $2.3B | $-156.3M | ||
| Q2 24 | — | $-48.8M |
总资产FUNRAIL
| Q1 26 | $7.7B | — | ||
| Q4 25 | $7.8B | $290.0M | ||
| Q3 25 | $7.9B | $340.8M | ||
| Q2 25 | $9.5B | $328.1M | ||
| Q1 25 | $9.2B | $250.5M | ||
| Q4 24 | — | $224.2M | ||
| Q3 24 | $9.4B | $245.9M | ||
| Q2 24 | $2.3B | $207.2M |
负债/权益比FUNRAIL
| 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 | — | $10.0M |
| 自由现金流经营现金流 - 资本支出 | — | $8.8M |
| 自由现金流率自由现金流/营收 | — | 7.0% |
| 资本支出强度资本支出/营收 | — | 1.0% |
| 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 | — | $31.4M |
8季度趋势，按日历期对齐
经营现金流FUNRAIL
| Q1 26 | — | — | ||
| Q4 25 | $-37.7M | $10.0M | ||
| Q3 25 | $356.2M | $3.4M | ||
| Q2 25 | $187.0M | $8.5M | ||
| Q1 25 | $-178.0M | $12.8M | ||
| Q4 24 | — | $5.9M | ||
| Q3 24 | $337.4M | $7.2M | ||
| Q2 24 | — | $57.2M |
自由现金流FUNRAIL
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | $8.8M | ||
| Q3 25 | $256.2M | $2.2M | ||
| Q2 25 | $18.8M | $7.9M | ||
| Q1 25 | $-318.0M | $12.5M | ||
| Q4 24 | — | $4.6M | ||
| Q3 24 | $227.7M | $5.7M | ||
| Q2 24 | — | $55.9M |
自由现金流率FUNRAIL
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | 7.0% | ||
| Q3 25 | 19.4% | 1.4% | ||
| Q2 25 | 2.0% | 6.7% | ||
| Q1 25 | -157.4% | 13.0% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | 16.9% | 5.0% | ||
| Q2 24 | — | 38.3% |
资本支出强度FUNRAIL
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | 1.0% | ||
| Q3 25 | 7.6% | 0.7% | ||
| Q2 25 | 18.1% | 0.5% | ||
| Q1 25 | 69.3% | 0.3% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | 8.1% | 1.3% | ||
| Q2 24 | — | 0.9% |
现金转化率FUNRAIL
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | — | 0.17× | ||
| Q3 24 | 3.04× | — | ||
| Q2 24 | — | 6.99× |
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% |
RAIL
| Railcar Sales | $118.9M | 95% |
| Aftermarket Sales | $6.6M | 5% |
