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六旗（FUN）与Simpson Manufacturing Co., Inc.（SSD）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Simpson Manufacturing Co., Inc.的1.2倍（$650.1M vs $539.3M），Simpson Manufacturing Co., Inc.净利率更高（10.4% vs -14.2%，领先24.6%），Simpson Manufacturing Co., Inc.自由现金流更多（$119.0M 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。
辛普森制造是美国领先的建筑材料生产企业，主营面向新建建筑及改造翻新项目的结构连接件、紧固件、锚固件等专业产品，在建筑配套材料领域具备深厚的技术积累与较高的市场认可度。
FUN vs SSD — 直观对比
营收规模更大
FUN
是对方的1.2倍
$539.3M
净利率更高
SSD
高出24.6%
-14.2%
自由现金流更多
SSD
多$228.2M
$-109.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $539.3M |
| 净利润 | $-92.4M | $56.2M |
| 毛利率 | 91.4% | 43.4% |
| 营业利润率 | -3.8% | 13.9% |
| 净利率 | -14.2% | 10.4% |
| 营收同比 | — | 4.2% |
| 净利润同比 | — | 1.4% |
| 每股收益（稀释后） | $-0.93 | $1.34 |
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FUNSSD
| Q4 25 | $650.1M | $539.3M | ||
| Q3 25 | $1.3B | $623.5M | ||
| Q2 25 | $930.4M | $631.1M | ||
| Q1 25 | $202.1M | $538.9M | ||
| Q4 24 | — | $517.4M | ||
| Q3 24 | $1.3B | $587.2M | ||
| Q2 24 | $571.6M | $597.0M | ||
| Q1 24 | — | $530.6M |
净利润FUNSSD
| Q4 25 | $-92.4M | $56.2M | ||
| Q3 25 | $-1.2B | $107.4M | ||
| Q2 25 | $-99.6M | $103.5M | ||
| Q1 25 | $-219.7M | $77.9M | ||
| Q4 24 | — | $55.4M | ||
| Q3 24 | $111.0M | $93.5M | ||
| Q2 24 | $55.6M | $97.8M | ||
| Q1 24 | — | $75.4M |
毛利率FUNSSD
| Q4 25 | 91.4% | 43.4% | ||
| Q3 25 | 91.6% | 46.4% | ||
| Q2 25 | 91.3% | 46.7% | ||
| Q1 25 | 89.3% | 46.8% | ||
| Q4 24 | — | 44.0% | ||
| Q3 24 | 91.9% | 46.8% | ||
| Q2 24 | 90.7% | 46.7% | ||
| Q1 24 | — | 46.1% |
营业利润率FUNSSD
| Q4 25 | -3.8% | 13.9% | ||
| Q3 25 | -83.7% | 22.6% | ||
| Q2 25 | 8.0% | 22.2% | ||
| Q1 25 | -158.9% | 19.0% | ||
| Q4 24 | — | 14.8% | ||
| Q3 24 | 19.5% | 21.3% | ||
| Q2 24 | 21.6% | 22.1% | ||
| Q1 24 | — | 18.1% |
净利率FUNSSD
| Q4 25 | -14.2% | 10.4% | ||
| Q3 25 | -90.1% | 17.2% | ||
| Q2 25 | -10.7% | 16.4% | ||
| Q1 25 | -108.7% | 14.5% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | 8.2% | 15.9% | ||
| Q2 24 | 9.7% | 16.4% | ||
| Q1 24 | — | 14.2% |
每股收益（稀释后）FUNSSD
| Q4 25 | $-0.93 | $1.34 | ||
| Q3 25 | $-11.77 | $2.58 | ||
| Q2 25 | $-0.99 | $2.47 | ||
| Q1 25 | $-2.20 | $1.85 | ||
| Q4 24 | — | $1.31 | ||
| Q3 24 | $1.10 | $2.21 | ||
| Q2 24 | — | $2.31 | ||
| Q1 24 | — | $1.77 |
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 | $384.1M |
| 总债务越低越好 | $5.2B | $300.0M |
| 股东权益账面价值 | $549.8M | $2.0B |
| 总资产 | $7.8B | $3.1B |
| 负债/权益比越低杠杆越低 | 9.40× | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资FUNSSD
| Q4 25 | $91.1M | $384.1M | ||
| Q3 25 | $70.7M | $297.3M | ||
| Q2 25 | $107.4M | $190.4M | ||
| Q1 25 | $61.5M | $150.3M | ||
| Q4 24 | — | $239.4M | ||
| Q3 24 | $89.7M | $339.4M | ||
| Q2 24 | $52.9M | $354.9M | ||
| Q1 24 | — | $369.1M |
总债务FUNSSD
| Q4 25 | $5.2B | $300.0M | ||
| Q3 25 | $5.0B | $371.3M | ||
| Q2 25 | $5.3B | $376.9M | ||
| Q1 25 | $5.0B | $382.5M | ||
| Q4 24 | — | $388.1M | ||
| Q3 24 | $4.6B | $393.8M | ||
| Q2 24 | $2.3B | $399.4M | ||
| Q1 24 | — | $405.0M |
股东权益FUNSSD
| Q4 25 | $549.8M | $2.0B | ||
| Q3 25 | $614.3M | $2.0B | ||
| Q2 25 | $1.8B | $1.9B | ||
| Q1 25 | $1.8B | $1.9B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $2.3B | $1.9B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | — | $1.7B |
总资产FUNSSD
| Q4 25 | $7.8B | $3.1B | ||
| Q3 25 | $7.9B | $3.0B | ||
| Q2 25 | $9.5B | $3.0B | ||
| Q1 25 | $9.2B | $2.8B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | $9.4B | $2.9B | ||
| Q2 24 | $2.3B | $2.8B | ||
| Q1 24 | — | $2.7B |
负债/权益比FUNSSD
| Q4 25 | 9.40× | 0.15× | ||
| Q3 25 | 8.16× | 0.19× | ||
| Q2 25 | 2.97× | 0.20× | ||
| Q1 25 | 2.75× | 0.21× | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | 1.95× | 0.21× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 0.23× |
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 | $155.7M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | $119.0M |
| 自由现金流率自由现金流/营收 | -16.8% | 22.1% |
| 资本支出强度资本支出/营收 | 11.0% | 6.8% |
| 现金转化率经营现金流/净利润 | — | 2.77× |
| 过去12个月自由现金流最近4个季度 | $-152.2M | $297.6M |
8季度趋势，按日历期对齐
经营现金流FUNSSD
| Q4 25 | $-37.7M | $155.7M | ||
| Q3 25 | $356.2M | $170.2M | ||
| Q2 25 | $187.0M | $125.2M | ||
| Q1 25 | $-178.0M | $7.6M | ||
| Q4 24 | — | $115.8M | ||
| Q3 24 | $337.4M | $103.3M | ||
| Q2 24 | — | $111.1M | ||
| Q1 24 | — | $7.9M |
自由现金流FUNSSD
| Q4 25 | $-109.3M | $119.0M | ||
| Q3 25 | $256.2M | $133.9M | ||
| Q2 25 | $18.8M | $87.3M | ||
| Q1 25 | $-318.0M | $-42.6M | ||
| Q4 24 | — | $60.3M | ||
| Q3 24 | $227.7M | $58.1M | ||
| Q2 24 | — | $70.9M | ||
| Q1 24 | — | $-31.5M |
自由现金流率FUNSSD
| Q4 25 | -16.8% | 22.1% | ||
| Q3 25 | 19.4% | 21.5% | ||
| Q2 25 | 2.0% | 13.8% | ||
| Q1 25 | -157.4% | -7.9% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | 16.9% | 9.9% | ||
| Q2 24 | — | 11.9% | ||
| Q1 24 | — | -5.9% |
资本支出强度FUNSSD
| Q4 25 | 11.0% | 6.8% | ||
| Q3 25 | 7.6% | 5.8% | ||
| Q2 25 | 18.1% | 6.0% | ||
| Q1 25 | 69.3% | 9.3% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | 8.1% | 7.7% | ||
| Q2 24 | — | 6.7% | ||
| Q1 24 | — | 7.4% |
现金转化率FUNSSD
| Q4 25 | — | 2.77× | ||
| Q3 25 | — | 1.58× | ||
| Q2 25 | — | 1.21× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 2.09× | ||
| Q3 24 | 3.04× | 1.10× | ||
| Q2 24 | — | 1.14× | ||
| Q1 24 | — | 0.11× |
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% |
SSD
| Wood Construction | $352.0M | 65% |
| Other | $122.4M | 23% |
| Concrete Construction | $64.6M | 12% |
| Other Products | $318.0K | 0% |
