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六旗（FUN）与Rocket Lab Corp（RKLB）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Rocket Lab Corp的1.1倍（$225.6M vs $200.3M），Rocket Lab Corp净利率更高（-22.5% vs -119.0%，领先96.6%），Rocket Lab Corp同比增速更快（63.5% vs 11.7%）
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。
Rocket Lab是公开上市的航空航天制造商及发射服务提供商，旗下Electron轨道火箭主打小型卫星发射，截至2026年1月已成功完成超75次任务，是全球现役发射次数最多的小型运载火箭。公司还开发了Electron的亚轨道改型HASTE用作高超音速技术测试平台，下一代可复用中型运载火箭Neutron目前也在研发中。
FUN vs RKLB — 直观对比
营收规模更大
FUN
是对方的1.1倍
$200.3M
营收增速更快
RKLB
高出51.8%
11.7%
净利率更高
RKLB
高出96.6%
-119.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $225.6M | $200.3M |
| 净利润 | $-268.6M | $-45.0M |
| 毛利率 | — | 38.2% |
| 营业利润率 | — | 33.9% |
| 净利率 | -119.0% | -22.5% |
| 营收同比 | 11.7% | 63.5% |
| 净利润同比 | -22.2% | — |
| 每股收益（稀释后） | — | — |
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FUNRKLB
| Q1 26 | $225.6M | $200.3M | ||
| Q4 25 | $650.1M | $179.7M | ||
| Q3 25 | $1.3B | $155.1M | ||
| Q2 25 | $930.4M | $144.5M | ||
| Q1 25 | $202.1M | $122.6M | ||
| Q4 24 | — | $132.4M | ||
| Q3 24 | $1.3B | $104.8M | ||
| Q2 24 | $571.6M | $106.3M |
净利润FUNRKLB
| Q1 26 | $-268.6M | $-45.0M | ||
| Q4 25 | $-92.4M | $-52.9M | ||
| Q3 25 | $-1.2B | $-18.3M | ||
| Q2 25 | $-99.6M | $-66.4M | ||
| Q1 25 | $-219.7M | $-60.6M | ||
| Q4 24 | — | $-52.3M | ||
| Q3 24 | $111.0M | $-51.9M | ||
| Q2 24 | $55.6M | $-41.6M |
毛利率FUNRKLB
| Q1 26 | — | 38.2% | ||
| Q4 25 | 91.4% | 38.0% | ||
| Q3 25 | 91.6% | 37.0% | ||
| Q2 25 | 91.3% | 32.1% | ||
| Q1 25 | 89.3% | 28.8% | ||
| Q4 24 | — | 27.8% | ||
| Q3 24 | 91.9% | 26.7% | ||
| Q2 24 | 90.7% | 25.6% |
营业利润率FUNRKLB
| Q1 26 | — | 33.9% | ||
| Q4 25 | -3.8% | -28.4% | ||
| Q3 25 | -83.7% | -38.0% | ||
| Q2 25 | 8.0% | -41.3% | ||
| Q1 25 | -158.9% | -48.3% | ||
| Q4 24 | — | -38.9% | ||
| Q3 24 | 19.5% | -49.5% | ||
| Q2 24 | 21.6% | -40.7% |
净利率FUNRKLB
| Q1 26 | -119.0% | -22.5% | ||
| Q4 25 | -14.2% | -29.5% | ||
| Q3 25 | -90.1% | -11.8% | ||
| Q2 25 | -10.7% | -46.0% | ||
| Q1 25 | -108.7% | -49.5% | ||
| Q4 24 | — | -39.5% | ||
| Q3 24 | 8.2% | -49.6% | ||
| Q2 24 | 9.7% | -39.2% |
每股收益（稀释后）FUNRKLB
| Q1 26 | — | — | ||
| Q4 25 | $-0.93 | $-0.09 | ||
| Q3 25 | $-11.77 | $-0.03 | ||
| Q2 25 | $-0.99 | $-0.13 | ||
| Q1 25 | $-2.20 | $-0.12 | ||
| Q4 24 | — | $-0.11 | ||
| Q3 24 | $1.10 | $-0.10 | ||
| Q2 24 | — | $-0.08 |
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 | $1.2B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $279.2M | $2.3B |
| 总资产 | $7.7B | $2.8B |
| 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FUNRKLB
| Q1 26 | $116.5M | $1.2B | ||
| Q4 25 | $91.1M | $1.0B | ||
| Q3 25 | $70.7M | $976.7M | ||
| Q2 25 | $107.4M | $688.1M | ||
| Q1 25 | $61.5M | $428.4M | ||
| Q4 24 | — | $419.0M | ||
| Q3 24 | $89.7M | $442.4M | ||
| Q2 24 | $52.9M | $496.8M |
总债务FUNRKLB
| Q1 26 | — | — | ||
| Q4 25 | $5.2B | $152.4M | ||
| Q3 25 | $5.0B | $347.0M | ||
| Q2 25 | $5.3B | $346.5M | ||
| Q1 25 | $5.0B | $345.9M | ||
| Q4 24 | — | $345.4M | ||
| Q3 24 | $4.6B | $61.2M | ||
| Q2 24 | $2.3B | $64.2M |
股东权益FUNRKLB
| Q1 26 | $279.2M | $2.3B | ||
| Q4 25 | $549.8M | $1.7B | ||
| Q3 25 | $614.3M | $1.3B | ||
| Q2 25 | $1.8B | $688.5M | ||
| Q1 25 | $1.8B | $431.3M | ||
| Q4 24 | — | $382.5M | ||
| Q3 24 | $2.3B | $419.8M | ||
| Q2 24 | — | $455.2M |
总资产FUNRKLB
| Q1 26 | $7.7B | $2.8B | ||
| Q4 25 | $7.8B | $2.3B | ||
| Q3 25 | $7.9B | $2.2B | ||
| Q2 25 | $9.5B | $1.6B | ||
| Q1 25 | $9.2B | $1.3B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $9.4B | $1.2B | ||
| Q2 24 | $2.3B | $1.2B |
负债/权益比FUNRKLB
| Q1 26 | — | — | ||
| Q4 25 | 9.40× | 0.09× | ||
| Q3 25 | 8.16× | 0.27× | ||
| Q2 25 | 2.97× | 0.50× | ||
| Q1 25 | 2.75× | 0.80× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | 1.95× | 0.15× | ||
| Q2 24 | — | 0.14× |
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 | — | $-50.3M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流FUNRKLB
| Q1 26 | — | $-50.3M | ||
| Q4 25 | $-37.7M | $-64.5M | ||
| Q3 25 | $356.2M | $-23.5M | ||
| Q2 25 | $187.0M | $-23.2M | ||
| Q1 25 | $-178.0M | $-54.2M | ||
| Q4 24 | — | $-2.4M | ||
| Q3 24 | $337.4M | $-30.9M | ||
| Q2 24 | — | $-13.0M |
自由现金流FUNRKLB
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | $-114.2M | ||
| Q3 25 | $256.2M | $-69.4M | ||
| Q2 25 | $18.8M | $-55.3M | ||
| Q1 25 | $-318.0M | $-82.9M | ||
| Q4 24 | — | $-23.9M | ||
| Q3 24 | $227.7M | $-41.9M | ||
| Q2 24 | — | $-28.3M |
自由现金流率FUNRKLB
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | -63.6% | ||
| Q3 25 | 19.4% | -44.8% | ||
| Q2 25 | 2.0% | -38.3% | ||
| Q1 25 | -157.4% | -67.6% | ||
| Q4 24 | — | -18.1% | ||
| Q3 24 | 16.9% | -40.0% | ||
| Q2 24 | — | -26.7% |
资本支出强度FUNRKLB
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | 27.6% | ||
| Q3 25 | 7.6% | 29.6% | ||
| Q2 25 | 18.1% | 22.2% | ||
| Q1 25 | 69.3% | 23.4% | ||
| Q4 24 | — | 16.3% | ||
| Q3 24 | 8.1% | 10.5% | ||
| Q2 24 | — | 14.4% |
现金转化率FUNRKLB
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.04× | — | ||
| Q2 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
| In-park admissions revenues | $113.4M | 50% |
| In-park product revenues | $89.0M | 39% |
| Out-of-park revenues | $28.8M | 13% |
RKLB
| Product revenues | $127.5M | 64% |
| Service revenues | $72.9M | 36% |
