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六旗（FUN）与Real Brokerage Inc（REAX）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Real Brokerage Inc的1.1倍（$650.1M vs $568.5M），Real Brokerage Inc净利率更高（-0.1% vs -14.2%，领先14.1%），Real Brokerage Inc自由现金流更多（$8.4M 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。
该企业是美国房产服务企业，主营房产经纪业务运营与品牌特许经营，业务覆盖房产中介、 relocation服务、产权服务、保险及结算服务，旗下拥有Better Homes and Gardens Real Estate、21世纪不动产、Coldwell Banker、Corcoran Group、ERA房地产以及苏富比国际地产等多个知名品牌，2026年被Compass, Inc.收购。
FUN vs REAX — 直观对比
营收规模更大
FUN
是对方的1.1倍
$568.5M
净利率更高
REAX
高出14.1%
-14.2%
自由现金流更多
REAX
多$117.7M
$-109.3M
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $568.5M |
| 净利润 | $-92.4M | $-447.0K |
| 毛利率 | 91.4% | 7.9% |
| 营业利润率 | -3.8% | -0.1% |
| 净利率 | -14.2% | -0.1% |
| 营收同比 | — | 52.6% |
| 净利润同比 | — | 82.7% |
| 每股收益（稀释后） | $-0.93 | $0.00 |
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FUNREAX
| Q4 25 | $650.1M | — | ||
| Q3 25 | $1.3B | $568.5M | ||
| Q2 25 | $930.4M | $540.7M | ||
| Q1 25 | $202.1M | $354.0M | ||
| Q3 24 | $1.3B | $372.5M | ||
| Q2 24 | $571.6M | — | ||
| Q1 24 | — | $200.7M |
净利润FUNREAX
| Q4 25 | $-92.4M | — | ||
| Q3 25 | $-1.2B | $-447.0K | ||
| Q2 25 | $-99.6M | $1.5M | ||
| Q1 25 | $-219.7M | $-5.0M | ||
| Q3 24 | $111.0M | $-2.6M | ||
| Q2 24 | $55.6M | — | ||
| Q1 24 | — | $-16.1M |
毛利率FUNREAX
| Q4 25 | 91.4% | — | ||
| Q3 25 | 91.6% | 7.9% | ||
| Q2 25 | 91.3% | 8.9% | ||
| Q1 25 | 89.3% | 9.6% | ||
| Q3 24 | 91.9% | 8.6% | ||
| Q2 24 | 90.7% | — | ||
| Q1 24 | — | 10.3% |
营业利润率FUNREAX
| Q4 25 | -3.8% | — | ||
| Q3 25 | -83.7% | -0.1% | ||
| Q2 25 | 8.0% | 0.3% | ||
| Q1 25 | -158.9% | -1.5% | ||
| Q3 24 | 19.5% | -0.7% | ||
| Q2 24 | 21.6% | — | ||
| Q1 24 | — | -7.8% |
净利率FUNREAX
| Q4 25 | -14.2% | — | ||
| Q3 25 | -90.1% | -0.1% | ||
| Q2 25 | -10.7% | 0.3% | ||
| Q1 25 | -108.7% | -1.4% | ||
| Q3 24 | 8.2% | -0.7% | ||
| Q2 24 | 9.7% | — | ||
| Q1 24 | — | -8.0% |
每股收益（稀释后）FUNREAX
| Q4 25 | $-0.93 | — | ||
| Q3 25 | $-11.77 | $0.00 | ||
| Q2 25 | $-0.99 | $0.01 | ||
| Q1 25 | $-2.20 | $-0.02 | ||
| Q3 24 | $1.10 | $-0.01 | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $-0.09 |
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 | $38.7M |
| 总债务越低越好 | $5.2B | — |
| 股东权益账面价值 | $549.8M | $53.6M |
| 总资产 | $7.8B | $145.2M |
| 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FUNREAX
| Q4 25 | $91.1M | — | ||
| Q3 25 | $70.7M | $38.7M | ||
| Q2 25 | $107.4M | $49.7M | ||
| Q1 25 | $61.5M | $24.7M | ||
| Q3 24 | $89.7M | $22.6M | ||
| Q2 24 | $52.9M | — | ||
| Q1 24 | — | $20.1M |
总债务FUNREAX
| Q4 25 | $5.2B | — | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $5.3B | — | ||
| Q1 25 | $5.0B | — | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | — | — |
股东权益FUNREAX
| Q4 25 | $549.8M | — | ||
| Q3 25 | $614.3M | $53.6M | ||
| Q2 25 | $1.8B | $49.2M | ||
| Q1 25 | $1.8B | $32.8M | ||
| Q3 24 | $2.3B | $29.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $25.6M |
总资产FUNREAX
| Q4 25 | $7.8B | — | ||
| Q3 25 | $7.9B | $145.2M | ||
| Q2 25 | $9.5B | $149.4M | ||
| Q1 25 | $9.2B | $100.5M | ||
| Q3 24 | $9.4B | $102.5M | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | — | — |
负债/权益比FUNREAX
| Q4 25 | 9.40× | — | ||
| Q3 25 | 8.16× | — | ||
| Q2 25 | 2.97× | — | ||
| Q1 25 | 2.75× | — | ||
| 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 | $8.8M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | $8.4M |
| 自由现金流率自由现金流/营收 | -16.8% | 1.5% |
| 资本支出强度资本支出/营收 | 11.0% | 0.1% |
| 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 | $-152.2M | $71.7M |
8季度趋势，按日历期对齐
经营现金流FUNREAX
| Q4 25 | $-37.7M | — | ||
| Q3 25 | $356.2M | $8.8M | ||
| Q2 25 | $187.0M | $41.0M | ||
| Q1 25 | $-178.0M | $15.9M | ||
| Q3 24 | $337.4M | $7.2M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $21.5M |
自由现金流FUNREAX
| Q4 25 | $-109.3M | — | ||
| Q3 25 | $256.2M | $8.4M | ||
| Q2 25 | $18.8M | $40.8M | ||
| Q1 25 | $-318.0M | $15.7M | ||
| Q3 24 | $227.7M | $6.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $21.4M |
自由现金流率FUNREAX
| Q4 25 | -16.8% | — | ||
| Q3 25 | 19.4% | 1.5% | ||
| Q2 25 | 2.0% | 7.5% | ||
| Q1 25 | -157.4% | 4.4% | ||
| Q3 24 | 16.9% | 1.8% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 10.7% |
资本支出强度FUNREAX
| Q4 25 | 11.0% | — | ||
| Q3 25 | 7.6% | 0.1% | ||
| Q2 25 | 18.1% | 0.0% | ||
| Q1 25 | 69.3% | 0.1% | ||
| Q3 24 | 8.1% | 0.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.0% |
现金转化率FUNREAX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 27.13× | ||
| Q1 25 | — | — | ||
| Q3 24 | 3.04× | — | ||
| Q2 24 | — | — | ||
| Q1 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
| Admission | $327.4M | 50% |
| Food Merchandiseand Gaming | $205.7M | 32% |
| Accommodations Extra Charge Products And Other | $117.0M | 18% |
REAX
暂无分部数据
