vs
六旗（FUN）与BOSTON BEER CO INC（SAM）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BOSTON BEER CO INC的1.4倍（$650.1M vs $461.6M）
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。
波士顿啤酒公司是美国知名酿酒企业，1984年由吉姆·科赫与朗达·卡尔曼联合创立。旗下首款产品以美国开国元勋、独立运动先驱塞缪尔·亚当斯命名，后续陆续推出多个自有品牌，2019年正式完成与角鲨头酿酒厂的合并，是北美精酿啤酒行业的核心参与者之一。
FUN vs SAM — 直观对比
营收规模更大
FUN
是对方的1.4倍
$461.6M
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $461.6M |
| 净利润 | $-92.4M | — |
| 毛利率 | 91.4% | 46.4% |
| 营业利润率 | -3.8% | 12.4% |
| 净利率 | -14.2% | — |
| 营收同比 | — | -4.1% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $-0.93 | $2.16 |
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FUNSAM
| Q1 26 | — | $461.6M | ||
| Q4 25 | $650.1M | $385.7M | ||
| Q3 25 | $1.3B | $537.5M | ||
| Q2 25 | $930.4M | $587.9M | ||
| Q1 25 | $202.1M | $453.9M | ||
| Q4 24 | — | $402.3M | ||
| Q3 24 | $1.3B | $605.5M | ||
| Q2 24 | $571.6M | $579.1M |
净利润FUNSAM
| Q1 26 | — | — | ||
| Q4 25 | $-92.4M | $-22.5M | ||
| Q3 25 | $-1.2B | $46.2M | ||
| Q2 25 | $-99.6M | $60.4M | ||
| Q1 25 | $-219.7M | $24.4M | ||
| Q4 24 | — | $-38.8M | ||
| Q3 24 | $111.0M | $33.5M | ||
| Q2 24 | $55.6M | $52.3M |
毛利率FUNSAM
| Q1 26 | — | 46.4% | ||
| Q4 25 | 91.4% | 43.5% | ||
| Q3 25 | 91.6% | 50.8% | ||
| Q2 25 | 91.3% | 49.8% | ||
| Q1 25 | 89.3% | 48.3% | ||
| Q4 24 | — | 39.9% | ||
| Q3 24 | 91.9% | 46.3% | ||
| Q2 24 | 90.7% | 46.0% |
营业利润率FUNSAM
| Q1 26 | — | 12.4% | ||
| Q4 25 | -3.8% | -8.6% | ||
| Q3 25 | -83.7% | 11.5% | ||
| Q2 25 | 8.0% | 14.0% | ||
| Q1 25 | -158.9% | 7.4% | ||
| Q4 24 | — | -13.9% | ||
| Q3 24 | 19.5% | 7.6% | ||
| Q2 24 | 21.6% | 12.2% |
净利率FUNSAM
| Q1 26 | — | — | ||
| Q4 25 | -14.2% | -5.8% | ||
| Q3 25 | -90.1% | 8.6% | ||
| Q2 25 | -10.7% | 10.3% | ||
| Q1 25 | -108.7% | 5.4% | ||
| Q4 24 | — | -9.6% | ||
| Q3 24 | 8.2% | 5.5% | ||
| Q2 24 | 9.7% | 9.0% |
每股收益（稀释后）FUNSAM
| Q1 26 | — | $2.16 | ||
| Q4 25 | $-0.93 | $-1.97 | ||
| Q3 25 | $-11.77 | $4.25 | ||
| Q2 25 | $-0.99 | $5.45 | ||
| Q1 25 | $-2.20 | $2.16 | ||
| Q4 24 | — | $-3.23 | ||
| Q3 24 | $1.10 | $2.86 | ||
| Q2 24 | — | $4.39 |
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 | $164.1M |
| 总债务越低越好 | $5.2B | — |
| 股东权益账面价值 | $549.8M | $682.6M |
| 总资产 | $7.8B | $1.2B |
| 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FUNSAM
| Q1 26 | — | $164.1M | ||
| Q4 25 | $91.1M | $223.4M | ||
| Q3 25 | $70.7M | $250.5M | ||
| Q2 25 | $107.4M | $212.4M | ||
| Q1 25 | $61.5M | $152.5M | ||
| Q4 24 | — | $211.8M | ||
| Q3 24 | $89.7M | $255.6M | ||
| Q2 24 | $52.9M | $219.3M |
总债务FUNSAM
| Q1 26 | — | — | ||
| 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 | — |
股东权益FUNSAM
| Q1 26 | — | $682.6M | ||
| Q4 25 | $549.8M | $846.3M | ||
| Q3 25 | $614.3M | $911.0M | ||
| Q2 25 | $1.8B | $912.3M | ||
| Q1 25 | $1.8B | $897.0M | ||
| Q4 24 | — | $916.2M | ||
| Q3 24 | $2.3B | $1.0B | ||
| Q2 24 | — | $1.0B |
总资产FUNSAM
| Q1 26 | — | $1.2B | ||
| Q4 25 | $7.8B | $1.2B | ||
| Q3 25 | $7.9B | $1.2B | ||
| Q2 25 | $9.5B | $1.3B | ||
| Q1 25 | $9.2B | $1.2B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $9.4B | $1.4B | ||
| Q2 24 | $2.3B | $1.4B |
负债/权益比FUNSAM
| Q1 26 | — | — | ||
| Q4 25 | 9.40× | — | ||
| Q3 25 | 8.16× | — | ||
| Q2 25 | 2.97× | — | ||
| Q1 25 | 2.75× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.95× | — | ||
| Q2 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 | — |
| 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FUNSAM
| Q1 26 | — | — | ||
| Q4 25 | $-37.7M | $39.9M | ||
| Q3 25 | $356.2M | $101.8M | ||
| Q2 25 | $187.0M | $126.5M | ||
| Q1 25 | $-178.0M | $1.9M | ||
| Q4 24 | — | $41.9M | ||
| Q3 24 | $337.4M | $115.9M | ||
| Q2 24 | — | $96.0M |
自由现金流FUNSAM
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | $22.1M | ||
| Q3 25 | $256.2M | $89.2M | ||
| Q2 25 | $18.8M | $112.2M | ||
| Q1 25 | $-318.0M | $-8.0M | ||
| Q4 24 | — | $18.4M | ||
| Q3 24 | $227.7M | $99.2M | ||
| Q2 24 | — | $75.6M |
自由现金流率FUNSAM
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | 5.7% | ||
| Q3 25 | 19.4% | 16.6% | ||
| Q2 25 | 2.0% | 19.1% | ||
| Q1 25 | -157.4% | -1.8% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | 16.9% | 16.4% | ||
| Q2 24 | — | 13.1% |
资本支出强度FUNSAM
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | 4.6% | ||
| Q3 25 | 7.6% | 2.3% | ||
| Q2 25 | 18.1% | 2.4% | ||
| Q1 25 | 69.3% | 2.2% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | 8.1% | 2.8% | ||
| Q2 24 | — | 3.5% |
现金转化率FUNSAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | — | 2.09× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.04× | 3.46× | ||
| Q2 24 | — | 1.83× |
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% |
SAM
暂无分部数据
