vs
六旗（FUN）与越洋钻探（RIG）财务数据对比。点击上方公司名可切换其他公司
越洋钻探的季度营收约是六旗的1.6倍（$1.0B vs $650.1M），越洋钻探净利率更高（2.4% vs -14.2%，领先16.6%），越洋钻探自由现金流更多（$321.0M 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。
越洋钻探（Transocean Ltd.）是按营收计全球规模最大的海上钻探承包商，总部位于瑞士施泰因豪森，起源于美国，目前在加拿大、美国、挪威、英国、印度、巴西、新加坡等20个国家设有办事机构，业务覆盖全球主要海上油气开采区域。
FUN vs RIG — 直观对比
营收规模更大
RIG
是对方的1.6倍
$650.1M
净利率更高
RIG
高出16.6%
-14.2%
自由现金流更多
RIG
多$430.3M
$-109.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $1.0B |
| 净利润 | $-92.4M | $25.0M |
| 毛利率 | 91.4% | 42.0% |
| 营业利润率 | -3.8% | 23.0% |
| 净利率 | -14.2% | 2.4% |
| 营收同比 | — | 9.6% |
| 净利润同比 | — | 257.1% |
| 每股收益（稀释后） | $-0.93 | $0.13 |
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FUNRIG
| Q4 25 | $650.1M | $1.0B | ||
| Q3 25 | $1.3B | $1.0B | ||
| Q2 25 | $930.4M | $988.0M | ||
| Q1 25 | $202.1M | $906.0M | ||
| Q4 24 | — | $952.0M | ||
| Q3 24 | $1.3B | $948.0M | ||
| Q2 24 | $571.6M | $861.0M | ||
| Q1 24 | — | $763.0M |
净利润FUNRIG
| Q4 25 | $-92.4M | $25.0M | ||
| Q3 25 | $-1.2B | $-1.9B | ||
| Q2 25 | $-99.6M | $-938.0M | ||
| Q1 25 | $-219.7M | $-79.0M | ||
| Q4 24 | — | $7.0M | ||
| Q3 24 | $111.0M | $-494.0M | ||
| Q2 24 | $55.6M | $-123.0M | ||
| Q1 24 | — | $98.0M |
毛利率FUNRIG
| Q4 25 | 91.4% | 42.0% | ||
| Q3 25 | 91.6% | 43.2% | ||
| Q2 25 | 91.3% | 39.4% | ||
| Q1 25 | 89.3% | 31.8% | ||
| Q4 24 | — | 39.2% | ||
| Q3 24 | 91.9% | 40.6% | ||
| Q2 24 | 90.7% | 38.0% | ||
| Q1 24 | — | 31.5% |
营业利润率FUNRIG
| Q4 25 | -3.8% | 23.0% | ||
| Q3 25 | -83.7% | -163.1% | ||
| Q2 25 | 8.0% | -97.6% | ||
| Q1 25 | -158.9% | 7.1% | ||
| Q4 24 | — | 13.7% | ||
| Q3 24 | 19.5% | -51.2% | ||
| Q2 24 | 21.6% | -6.9% | ||
| Q1 24 | — | -0.4% |
净利率FUNRIG
| Q4 25 | -14.2% | 2.4% | ||
| Q3 25 | -90.1% | -187.1% | ||
| Q2 25 | -10.7% | -94.9% | ||
| Q1 25 | -108.7% | -8.7% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | 8.2% | -52.1% | ||
| Q2 24 | 9.7% | -14.3% | ||
| Q1 24 | — | 12.8% |
每股收益（稀释后）FUNRIG
| Q4 25 | $-0.93 | $0.13 | ||
| Q3 25 | $-11.77 | $-2.00 | ||
| Q2 25 | $-0.99 | $-1.06 | ||
| Q1 25 | $-2.20 | $-0.11 | ||
| Q4 24 | — | $-0.14 | ||
| Q3 24 | $1.10 | $-0.58 | ||
| Q2 24 | — | $-0.15 | ||
| Q1 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 | $91.1M | $620.0M |
| 总债务越低越好 | $5.2B | $5.2B |
| 股东权益账面价值 | $549.8M | $8.1B |
| 总资产 | $7.8B | $15.6B |
| 负债/权益比越低杠杆越低 | 9.40× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资FUNRIG
| Q4 25 | $91.1M | $620.0M | ||
| Q3 25 | $70.7M | $833.0M | ||
| Q2 25 | $107.4M | $377.0M | ||
| Q1 25 | $61.5M | $263.0M | ||
| Q4 24 | — | $560.0M | ||
| Q3 24 | $89.7M | $435.0M | ||
| Q2 24 | $52.9M | $475.0M | ||
| Q1 24 | — | $446.0M |
总债务FUNRIG
| Q4 25 | $5.2B | $5.2B | ||
| Q3 25 | $5.0B | $4.8B | ||
| Q2 25 | $5.3B | $5.9B | ||
| Q1 25 | $5.0B | $5.9B | ||
| Q4 24 | — | $6.2B | ||
| Q3 24 | $4.6B | $6.5B | ||
| Q2 24 | $2.3B | $6.8B | ||
| Q1 24 | — | $6.8B |
股东权益FUNRIG
| Q4 25 | $549.8M | $8.1B | ||
| Q3 25 | $614.3M | $8.1B | ||
| Q2 25 | $1.8B | $9.4B | ||
| Q1 25 | $1.8B | $10.2B | ||
| Q4 24 | — | $10.3B | ||
| Q3 24 | $2.3B | $10.2B | ||
| Q2 24 | — | $10.7B | ||
| Q1 24 | — | $10.5B |
总资产FUNRIG
| Q4 25 | $7.8B | $15.6B | ||
| Q3 25 | $7.9B | $16.2B | ||
| Q2 25 | $9.5B | $17.8B | ||
| Q1 25 | $9.2B | $19.0B | ||
| Q4 24 | — | $19.4B | ||
| Q3 24 | $9.4B | $19.5B | ||
| Q2 24 | $2.3B | $20.3B | ||
| Q1 24 | — | $19.9B |
负债/权益比FUNRIG
| Q4 25 | 9.40× | 0.64× | ||
| Q3 25 | 8.16× | 0.60× | ||
| Q2 25 | 2.97× | 0.63× | ||
| Q1 25 | 2.75× | 0.58× | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | 1.95× | 0.64× | ||
| Q2 24 | — | 0.63× | ||
| Q1 24 | — | 0.65× |
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 | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | $321.0M |
| 自由现金流率自由现金流/营收 | -16.8% | 30.8% |
| 资本支出强度资本支出/营收 | 11.0% | 2.7% |
| 现金转化率经营现金流/净利润 | — | 13.96× |
| 过去12个月自由现金流最近4个季度 | $-152.2M | $626.0M |
8季度趋势，按日历期对齐
经营现金流FUNRIG
| Q4 25 | $-37.7M | $349.0M | ||
| Q3 25 | $356.2M | $246.0M | ||
| Q2 25 | $187.0M | $128.0M | ||
| Q1 25 | $-178.0M | $26.0M | ||
| Q4 24 | — | $206.0M | ||
| Q3 24 | $337.4M | $194.0M | ||
| Q2 24 | — | $133.0M | ||
| Q1 24 | — | $-86.0M |
自由现金流FUNRIG
| Q4 25 | $-109.3M | $321.0M | ||
| Q3 25 | $256.2M | $235.0M | ||
| Q2 25 | $18.8M | $104.0M | ||
| Q1 25 | $-318.0M | $-34.0M | ||
| Q4 24 | — | $177.0M | ||
| Q3 24 | $227.7M | $136.0M | ||
| Q2 24 | — | $49.0M | ||
| Q1 24 | — | $-169.0M |
自由现金流率FUNRIG
| Q4 25 | -16.8% | 30.8% | ||
| Q3 25 | 19.4% | 22.9% | ||
| Q2 25 | 2.0% | 10.5% | ||
| Q1 25 | -157.4% | -3.8% | ||
| Q4 24 | — | 18.6% | ||
| Q3 24 | 16.9% | 14.3% | ||
| Q2 24 | — | 5.7% | ||
| Q1 24 | — | -22.1% |
资本支出强度FUNRIG
| Q4 25 | 11.0% | 2.7% | ||
| Q3 25 | 7.6% | 1.1% | ||
| Q2 25 | 18.1% | 2.4% | ||
| Q1 25 | 69.3% | 6.6% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | 8.1% | 6.1% | ||
| Q2 24 | — | 9.8% | ||
| Q1 24 | — | 10.9% |
现金转化率FUNRIG
| Q4 25 | — | 13.96× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 29.43× | ||
| Q3 24 | 3.04× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -0.88× |
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% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
