vs
六旗（FUN）与REPUBLIC AIRWAYS HOLDINGS INC.（RJET）财务数据对比。点击上方公司名可切换其他公司
REPUBLIC AIRWAYS HOLDINGS INC.的季度营收约是六旗的1.6倍（$1.1B vs $650.1M）
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。
共和航空控股是一家总部位于美国印第安纳州印第安纳波利斯的航空控股企业，旗下拥有梅萨航空与共和航空两家支线航空公司。两家公司合计运营的巴航工业E170与E175客机规模为全球第一，公司多数股权由与其签订合作协议的美国航空、达美航空、联合航空这几家干线航司持有。
FUN vs RJET — 直观对比
营收规模更大
RJET
是对方的1.6倍
$650.1M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $1.1B |
| 净利润 | $-92.4M | — |
| 毛利率 | 91.4% | — |
| 营业利润率 | -3.8% | 22.0% |
| 净利率 | -14.2% | — |
| 营收同比 | — | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $-0.93 | $3.13 |
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FUNRJET
| Q4 25 | $650.1M | $1.1B | ||
| Q3 25 | $1.3B | $90.7M | ||
| Q2 25 | $930.4M | $92.8M | ||
| Q1 25 | $202.1M | $94.7M | ||
| Q4 24 | — | $808.3M | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $571.6M | $110.8M | ||
| Q1 24 | — | $131.6M |
净利润FUNRJET
| Q4 25 | $-92.4M | — | ||
| Q3 25 | $-1.2B | $-14.1M | ||
| Q2 25 | $-99.6M | $20.9M | ||
| Q1 25 | $-219.7M | $-58.6M | ||
| Q4 24 | — | $97.8M | ||
| Q3 24 | $111.0M | — | ||
| Q2 24 | $55.6M | $-19.9M | ||
| Q1 24 | — | $11.7M |
毛利率FUNRJET
| Q4 25 | 91.4% | — | ||
| Q3 25 | 91.6% | — | ||
| Q2 25 | 91.3% | — | ||
| Q1 25 | 89.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 91.9% | — | ||
| Q2 24 | 90.7% | — | ||
| Q1 24 | — | — |
营业利润率FUNRJET
| Q4 25 | -3.8% | 22.0% | ||
| Q3 25 | -83.7% | -10.1% | ||
| Q2 25 | 8.0% | -0.2% | ||
| Q1 25 | -158.9% | -60.4% | ||
| Q4 24 | — | 18.7% | ||
| Q3 24 | 19.5% | — | ||
| Q2 24 | 21.6% | -8.1% | ||
| Q1 24 | — | 8.8% |
净利率FUNRJET
| Q4 25 | -14.2% | — | ||
| Q3 25 | -90.1% | -15.6% | ||
| Q2 25 | -10.7% | 22.5% | ||
| Q1 25 | -108.7% | -61.9% | ||
| Q4 24 | — | 12.1% | ||
| Q3 24 | 8.2% | — | ||
| Q2 24 | 9.7% | -18.0% | ||
| Q1 24 | — | 8.9% |
每股收益（稀释后）FUNRJET
| Q4 25 | $-0.93 | $3.13 | ||
| Q3 25 | $-11.77 | $-0.34 | ||
| Q2 25 | $-0.99 | $0.50 | ||
| Q1 25 | $-2.20 | $-1.42 | ||
| Q4 24 | — | $2.42 | ||
| Q3 24 | $1.10 | — | ||
| Q2 24 | — | $-0.48 | ||
| Q1 24 | — | $0.28 |
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 | $296.5M |
| 总债务越低越好 | $5.2B | $882.9M |
| 股东权益账面价值 | $549.8M | $1.3B |
| 总资产 | $7.8B | $3.3B |
| 负债/权益比越低杠杆越低 | 9.40× | 0.66× |
8季度趋势，按日历期对齐
现金及短期投资FUNRJET
| Q4 25 | $91.1M | $296.5M | ||
| Q3 25 | $70.7M | $38.7M | ||
| Q2 25 | $107.4M | $42.5M | ||
| Q1 25 | $61.5M | $54.1M | ||
| Q4 24 | — | $302.0M | ||
| Q3 24 | $89.7M | — | ||
| Q2 24 | $52.9M | $16.3M | ||
| Q1 24 | — | $18.5M |
总债务FUNRJET
| Q4 25 | $5.2B | $882.9M | ||
| Q3 25 | $5.0B | $27.0M | ||
| Q2 25 | $5.3B | $28.2M | ||
| Q1 25 | $5.0B | $31.7M | ||
| Q4 24 | — | $752.2M | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $2.3B | $287.7M | ||
| Q1 24 | — | $299.0M |
股东权益FUNRJET
| Q4 25 | $549.8M | $1.3B | ||
| Q3 25 | $614.3M | $-52.6M | ||
| Q2 25 | $1.8B | $-38.7M | ||
| Q1 25 | $1.8B | $-59.8M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | — | $134.9M | ||
| Q1 24 | — | $154.7M |
总资产FUNRJET
| Q4 25 | $7.8B | $3.3B | ||
| Q3 25 | $7.9B | $158.9M | ||
| Q2 25 | $9.5B | $178.6M | ||
| Q1 25 | $9.2B | $215.0M | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | $9.4B | — | ||
| Q2 24 | $2.3B | $664.4M | ||
| Q1 24 | — | $706.3M |
负债/权益比FUNRJET
| Q4 25 | 9.40× | 0.66× | ||
| Q3 25 | 8.16× | — | ||
| Q2 25 | 2.97× | — | ||
| Q1 25 | 2.75× | — | ||
| Q4 24 | — | 0.68× | ||
| Q3 24 | 1.95× | — | ||
| Q2 24 | — | 2.13× | ||
| Q1 24 | — | 1.93× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | — |
| 自由现金流率自由现金流/营收 | -16.8% | — |
| 资本支出强度资本支出/营收 | 11.0% | — |
| 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 | $-152.2M | — |
8季度趋势，按日历期对齐
经营现金流FUNRJET
| Q4 25 | $-37.7M | — | ||
| Q3 25 | $356.2M | — | ||
| Q2 25 | $187.0M | $-9.4M | ||
| Q1 25 | $-178.0M | — | ||
| Q4 24 | — | $184.0M | ||
| Q3 24 | $337.4M | — | ||
| Q2 24 | — | $11.2M | ||
| Q1 24 | — | — |
自由现金流FUNRJET
| Q4 25 | $-109.3M | — | ||
| Q3 25 | $256.2M | — | ||
| Q2 25 | $18.8M | $-10.5M | ||
| Q1 25 | $-318.0M | — | ||
| Q4 24 | — | $-42.7M | ||
| Q3 24 | $227.7M | — | ||
| Q2 24 | — | $7.5M | ||
| Q1 24 | — | — |
自由现金流率FUNRJET
| Q4 25 | -16.8% | — | ||
| Q3 25 | 19.4% | — | ||
| Q2 25 | 2.0% | -11.3% | ||
| Q1 25 | -157.4% | — | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | 16.9% | — | ||
| Q2 24 | — | 6.8% | ||
| Q1 24 | — | — |
资本支出强度FUNRJET
| Q4 25 | 11.0% | — | ||
| Q3 25 | 7.6% | — | ||
| Q2 25 | 18.1% | 1.2% | ||
| Q1 25 | 69.3% | — | ||
| Q4 24 | — | 28.0% | ||
| Q3 24 | 8.1% | — | ||
| Q2 24 | — | 3.4% | ||
| Q1 24 | — | — |
现金转化率FUNRJET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.45× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.88× | ||
| 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% |
RJET
| United Airlines | $517.5M | 48% |
| Delta Air Lines | $409.7M | 38% |
| Other | $49.9M | 5% |
| Republic Airways Holdings Inc. | $42.2M | 4% |
| Other Airlines | $25.7M | 2% |
| LIFT Academy | $23.2M | 2% |
