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六旗（FUN）与RPC INC（RES）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RPC INC的1.5倍（$650.1M vs $425.8M），RPC INC净利率更高（-0.7% vs -14.2%，领先13.5%），RPC INC自由现金流更多（$31.2M 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。
RPC集团是总部位于英国的企业，曾是欧洲规模最大的塑料包装供应商之一，总部坐落于北安普敦郡的拉什登。该公司此前在伦敦证券交易所上市，2019年被贝瑞全球集团收购，贝瑞全球集团又于2025年被安海斯包装收购。
FUN vs RES — 直观对比
营收规模更大
FUN
是对方的1.5倍
$425.8M
净利率更高
RES
高出13.5%
-14.2%
自由现金流更多
RES
多$140.5M
$-109.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $425.8M |
| 净利润 | $-92.4M | $-3.1M |
| 毛利率 | 91.4% | 21.0% |
| 营业利润率 | -3.8% | -0.9% |
| 净利率 | -14.2% | -0.7% |
| 营收同比 | — | 27.0% |
| 净利润同比 | — | -124.0% |
| 每股收益（稀释后） | $-0.93 | $-0.02 |
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FUNRES
| Q4 25 | $650.1M | $425.8M | ||
| Q3 25 | $1.3B | $447.1M | ||
| Q2 25 | $930.4M | $420.8M | ||
| Q1 25 | $202.1M | $332.9M | ||
| Q4 24 | — | $335.4M | ||
| Q3 24 | $1.3B | $337.7M | ||
| Q2 24 | $571.6M | $364.2M | ||
| Q1 24 | — | $377.8M |
净利润FUNRES
| Q4 25 | $-92.4M | $-3.1M | ||
| Q3 25 | $-1.2B | $13.0M | ||
| Q2 25 | $-99.6M | $10.1M | ||
| Q1 25 | $-219.7M | $12.0M | ||
| Q4 24 | — | $12.8M | ||
| Q3 24 | $111.0M | $18.8M | ||
| Q2 24 | $55.6M | $32.4M | ||
| Q1 24 | — | $27.5M |
毛利率FUNRES
| Q4 25 | 91.4% | 21.0% | ||
| Q3 25 | 91.6% | 25.1% | ||
| Q2 25 | 91.3% | 24.5% | ||
| Q1 25 | 89.3% | 26.7% | ||
| Q4 24 | — | 25.4% | ||
| Q3 24 | 91.9% | 26.7% | ||
| Q2 24 | 90.7% | 28.0% | ||
| Q1 24 | — | 26.8% |
营业利润率FUNRES
| Q4 25 | -3.8% | -0.9% | ||
| Q3 25 | -83.7% | 4.7% | ||
| Q2 25 | 8.0% | 3.7% | ||
| Q1 25 | -158.9% | 3.7% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | 19.5% | 5.7% | ||
| Q2 24 | 21.6% | 9.7% | ||
| Q1 24 | — | 8.6% |
净利率FUNRES
| Q4 25 | -14.2% | -0.7% | ||
| Q3 25 | -90.1% | 2.9% | ||
| Q2 25 | -10.7% | 2.4% | ||
| Q1 25 | -108.7% | 3.6% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | 8.2% | 5.6% | ||
| Q2 24 | 9.7% | 8.9% | ||
| Q1 24 | — | 7.3% |
每股收益（稀释后）FUNRES
| Q4 25 | $-0.93 | $-0.02 | ||
| Q3 25 | $-11.77 | $0.06 | ||
| Q2 25 | $-0.99 | $0.05 | ||
| Q1 25 | $-2.20 | $0.06 | ||
| Q4 24 | — | $0.06 | ||
| Q3 24 | $1.10 | $0.09 | ||
| Q2 24 | — | $0.15 | ||
| Q1 24 | — | $0.13 |
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 | $210.0M |
| 总债务越低越好 | $5.2B | — |
| 股东权益账面价值 | $549.8M | $1.1B |
| 总资产 | $7.8B | $1.5B |
| 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FUNRES
| Q4 25 | $91.1M | $210.0M | ||
| Q3 25 | $70.7M | $163.5M | ||
| Q2 25 | $107.4M | $162.1M | ||
| Q1 25 | $61.5M | $326.7M | ||
| Q4 24 | — | $326.0M | ||
| Q3 24 | $89.7M | $276.9M | ||
| Q2 24 | $52.9M | $261.5M | ||
| Q1 24 | — | $212.2M |
总债务FUNRES
| 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FUNRES
| Q4 25 | $549.8M | $1.1B | ||
| Q3 25 | $614.3M | $1.1B | ||
| Q2 25 | $1.8B | $1.1B | ||
| Q1 25 | $1.8B | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $2.3B | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.0B |
总资产FUNRES
| Q4 25 | $7.8B | $1.5B | ||
| Q3 25 | $7.9B | $1.5B | ||
| Q2 25 | $9.5B | $1.5B | ||
| Q1 25 | $9.2B | $1.3B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $9.4B | $1.3B | ||
| Q2 24 | $2.3B | $1.3B | ||
| Q1 24 | — | $1.3B |
负债/权益比FUNRES
| 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 | $61.9M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | $31.2M |
| 自由现金流率自由现金流/营收 | -16.8% | 7.3% |
| 资本支出强度资本支出/营收 | 11.0% | 7.2% |
| 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 | $52.9M |
8季度趋势，按日历期对齐
经营现金流FUNRES
| Q4 25 | $-37.7M | $61.9M | ||
| Q3 25 | $356.2M | $46.5M | ||
| Q2 25 | $187.0M | $53.1M | ||
| Q1 25 | $-178.0M | $39.9M | ||
| Q4 24 | — | $94.2M | ||
| Q3 24 | $337.4M | $70.7M | ||
| Q2 24 | — | $127.9M | ||
| Q1 24 | — | $56.6M |
自由现金流FUNRES
| Q4 25 | $-109.3M | $31.2M | ||
| Q3 25 | $256.2M | $4.1M | ||
| Q2 25 | $18.8M | $10.0M | ||
| Q1 25 | $-318.0M | $7.6M | ||
| Q4 24 | — | $53.7M | ||
| Q3 24 | $227.7M | $19.1M | ||
| Q2 24 | — | $52.9M | ||
| Q1 24 | — | $3.8M |
自由现金流率FUNRES
| Q4 25 | -16.8% | 7.3% | ||
| Q3 25 | 19.4% | 0.9% | ||
| Q2 25 | 2.0% | 2.4% | ||
| Q1 25 | -157.4% | 2.3% | ||
| Q4 24 | — | 16.0% | ||
| Q3 24 | 16.9% | 5.6% | ||
| Q2 24 | — | 14.5% | ||
| Q1 24 | — | 1.0% |
资本支出强度FUNRES
| Q4 25 | 11.0% | 7.2% | ||
| Q3 25 | 7.6% | 9.5% | ||
| Q2 25 | 18.1% | 10.2% | ||
| Q1 25 | 69.3% | 9.7% | ||
| Q4 24 | — | 12.1% | ||
| Q3 24 | 8.1% | 15.3% | ||
| Q2 24 | — | 20.6% | ||
| Q1 24 | — | 14.0% |
现金转化率FUNRES
| Q4 25 | — | — | ||
| Q3 25 | — | 3.59× | ||
| Q2 25 | — | 5.23× | ||
| Q1 25 | — | 3.31× | ||
| Q4 24 | — | 7.38× | ||
| Q3 24 | 3.04× | 3.76× | ||
| Q2 24 | — | 3.95× | ||
| Q1 24 | — | 2.06× |
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% |
RES
| Technical Service | $405.2M | 95% |
| Other | $8.8M | 2% |
| Nitrogen | $6.6M | 2% |
