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六旗（FUN）与Royalty Pharma plc（RPRX）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Royalty Pharma plc的1.0倍（$650.1M vs $622.0M），Royalty Pharma plc净利率更高（34.4% vs -14.2%，领先48.6%）
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。
本公司是总部位于美国马萨诸塞州剑桥市的临床阶段生物制药企业，专注于研发可调节转化生长因子β（TGF-β）超家族蛋白的药物，该类蛋白在红细胞、肌肉、骨骼、血管等细胞与组织的生长修复过程中发挥核心作用。
FUN vs RPRX — 直观对比
营收规模更大
FUN
是对方的1.0倍
$622.0M
净利率更高
RPRX
高出48.6%
-14.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $622.0M |
| 净利润 | $-92.4M | $214.2M |
| 毛利率 | 91.4% | — |
| 营业利润率 | -3.8% | 62.4% |
| 净利率 | -14.2% | 34.4% |
| 营收同比 | — | 4.8% |
| 净利润同比 | — | 2.9% |
| 每股收益（稀释后） | $-0.93 | $0.49 |
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FUNRPRX
| Q4 25 | $650.1M | $622.0M | ||
| Q3 25 | $1.3B | $609.3M | ||
| Q2 25 | $930.4M | $578.7M | ||
| Q1 25 | $202.1M | $568.2M | ||
| Q4 24 | — | $593.6M | ||
| Q3 24 | $1.3B | $564.7M | ||
| Q2 24 | $571.6M | $537.3M | ||
| Q1 24 | — | $568.0M |
净利润FUNRPRX
| Q4 25 | $-92.4M | $214.2M | ||
| Q3 25 | $-1.2B | $288.2M | ||
| Q2 25 | $-99.6M | $30.2M | ||
| Q1 25 | $-219.7M | $238.3M | ||
| Q4 24 | — | $208.2M | ||
| Q3 24 | $111.0M | $544.0M | ||
| Q2 24 | $55.6M | $102.0M | ||
| Q1 24 | — | $4.8M |
毛利率FUNRPRX
| 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FUNRPRX
| Q4 25 | -3.8% | 62.4% | ||
| Q3 25 | -83.7% | 70.1% | ||
| Q2 25 | 8.0% | 36.3% | ||
| Q1 25 | -158.9% | 94.0% | ||
| Q4 24 | — | 60.9% | ||
| Q3 24 | 19.5% | — | ||
| Q2 24 | 21.6% | 50.2% | ||
| Q1 24 | — | -13.0% |
净利率FUNRPRX
| Q4 25 | -14.2% | 34.4% | ||
| Q3 25 | -90.1% | 47.3% | ||
| Q2 25 | -10.7% | 5.2% | ||
| Q1 25 | -108.7% | 41.9% | ||
| Q4 24 | — | 35.1% | ||
| Q3 24 | 8.2% | 96.3% | ||
| Q2 24 | 9.7% | 19.0% | ||
| Q1 24 | — | 0.8% |
每股收益（稀释后）FUNRPRX
| Q4 25 | $-0.93 | $0.49 | ||
| Q3 25 | $-11.77 | $0.67 | ||
| Q2 25 | $-0.99 | $0.07 | ||
| Q1 25 | $-2.20 | $0.55 | ||
| Q4 24 | — | $0.46 | ||
| Q3 24 | $1.10 | $1.21 | ||
| Q2 24 | — | $0.23 | ||
| Q1 24 | — | $0.01 |
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 | $618.7M |
| 总债务越低越好 | $5.2B | $9.0B |
| 股东权益账面价值 | $549.8M | $9.7B |
| 总资产 | $7.8B | $19.6B |
| 负债/权益比越低杠杆越低 | 9.40× | 0.92× |
8季度趋势，按日历期对齐
现金及短期投资FUNRPRX
| Q4 25 | $91.1M | $618.7M | ||
| Q3 25 | $70.7M | $938.9M | ||
| Q2 25 | $107.4M | $631.9M | ||
| Q1 25 | $61.5M | $1.1B | ||
| Q4 24 | — | $929.0M | ||
| Q3 24 | $89.7M | $950.1M | ||
| Q2 24 | $52.9M | $1.8B | ||
| Q1 24 | — | $843.0M |
总债务FUNRPRX
| Q4 25 | $5.2B | $9.0B | ||
| Q3 25 | $5.0B | $8.9B | ||
| Q2 25 | $5.3B | $8.0B | ||
| Q1 25 | $5.0B | $7.6B | ||
| Q4 24 | — | $7.6B | ||
| Q3 24 | $4.6B | $7.6B | ||
| Q2 24 | $2.3B | $7.6B | ||
| Q1 24 | — | $6.1B |
股东权益FUNRPRX
| Q4 25 | $549.8M | $9.7B | ||
| Q3 25 | $614.3M | $9.6B | ||
| Q2 25 | $1.8B | $9.5B | ||
| Q1 25 | $1.8B | $9.8B | ||
| Q4 24 | — | $10.3B | ||
| Q3 24 | $2.3B | $10.3B | ||
| Q2 24 | — | $9.8B | ||
| Q1 24 | — | $9.9B |
总资产FUNRPRX
| Q4 25 | $7.8B | $19.6B | ||
| Q3 25 | $7.9B | $19.3B | ||
| Q2 25 | $9.5B | $18.3B | ||
| Q1 25 | $9.2B | $17.6B | ||
| Q4 24 | — | $18.2B | ||
| Q3 24 | $9.4B | $18.0B | ||
| Q2 24 | $2.3B | $17.7B | ||
| Q1 24 | — | $16.1B |
负债/权益比FUNRPRX
| Q4 25 | 9.40× | 0.92× | ||
| Q3 25 | 8.16× | 0.93× | ||
| Q2 25 | 2.97× | 0.84× | ||
| Q1 25 | 2.75× | 0.78× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | 1.95× | 0.74× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 0.62× |
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 | $827.1M |
| 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 | — | 3.86× |
| 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FUNRPRX
| Q4 25 | $-37.7M | $827.1M | ||
| Q3 25 | $356.2M | $702.6M | ||
| Q2 25 | $187.0M | $364.0M | ||
| Q1 25 | $-178.0M | $596.1M | ||
| Q4 24 | — | $742.5M | ||
| Q3 24 | $337.4M | $703.6M | ||
| Q2 24 | — | $658.2M | ||
| Q1 24 | — | $664.6M |
自由现金流FUNRPRX
| Q4 25 | $-109.3M | — | ||
| Q3 25 | $256.2M | — | ||
| Q2 25 | $18.8M | — | ||
| Q1 25 | $-318.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $227.7M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率FUNRPRX
| Q4 25 | -16.8% | — | ||
| Q3 25 | 19.4% | — | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | -157.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 16.9% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度FUNRPRX
| Q4 25 | 11.0% | — | ||
| Q3 25 | 7.6% | — | ||
| Q2 25 | 18.1% | — | ||
| Q1 25 | 69.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.1% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率FUNRPRX
| Q4 25 | — | 3.86× | ||
| Q3 25 | — | 2.44× | ||
| Q2 25 | — | 12.06× | ||
| Q1 25 | — | 2.50× | ||
| Q4 24 | — | 3.57× | ||
| Q3 24 | 3.04× | 1.29× | ||
| Q2 24 | — | 6.45× | ||
| Q1 24 | — | 139.10× |
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% |
RPRX
| Financial Royalty Assets | $592.4M | 95% |
| Royalty Income Other | $29.6M | 5% |
