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六旗（FUN）与SSR MINING INC.（SSRM）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SSR MINING INC.的1.2倍（$650.1M vs $521.7M），SSR MINING INC.净利率更高（34.8% vs -14.2%，领先49.0%），SSR MINING INC.自由现金流更多（$106.4M 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。
SSR Mining Inc.（前身为白银标准资源公司）总部位于美国科罗拉多州丹佛，主营金、银、铜、铅、锌矿产开采，拥有阿根廷最大的银矿，同时在美洲全境及土耳其开展矿产勘探业务。2020年与阿拉瑟黄金合并后迁至丹佛，现任总裁兼首席执行官为罗德尼·P·安塔尔。
FUN vs SSRM — 直观对比
营收规模更大
FUN
是对方的1.2倍
$521.7M
净利率更高
SSRM
高出49.0%
-14.2%
自由现金流更多
SSRM
多$215.6M
$-109.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $521.7M |
| 净利润 | $-92.4M | $181.5M |
| 毛利率 | 91.4% | — |
| 营业利润率 | -3.8% | 38.8% |
| 净利率 | -14.2% | 34.8% |
| 营收同比 | — | 61.4% |
| 净利润同比 | — | 3166.6% |
| 每股收益（稀释后） | $-0.93 | $0.84 |
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FUNSSRM
| Q4 25 | $650.1M | $521.7M | ||
| Q3 25 | $1.3B | $385.8M | ||
| Q2 25 | $930.4M | $405.5M | ||
| Q1 25 | $202.1M | $316.6M | ||
| Q4 24 | — | $323.2M | ||
| Q3 24 | $1.3B | $257.4M | ||
| Q2 24 | $571.6M | $184.8M | ||
| Q1 24 | — | $230.2M |
净利润FUNSSRM
| Q4 25 | $-92.4M | $181.5M | ||
| Q3 25 | $-1.2B | $65.4M | ||
| Q2 25 | $-99.6M | $90.1M | ||
| Q1 25 | $-219.7M | $58.8M | ||
| Q4 24 | — | $5.6M | ||
| Q3 24 | $111.0M | $10.6M | ||
| Q2 24 | $55.6M | $9.7M | ||
| Q1 24 | — | $-287.1M |
毛利率FUNSSRM
| 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FUNSSRM
| Q4 25 | -3.8% | 38.8% | ||
| Q3 25 | -83.7% | 21.6% | ||
| Q2 25 | 8.0% | 26.9% | ||
| Q1 25 | -158.9% | 21.1% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | 19.5% | 3.5% | ||
| Q2 24 | 21.6% | 5.8% | ||
| Q1 24 | — | -163.5% |
净利率FUNSSRM
| Q4 25 | -14.2% | 34.8% | ||
| Q3 25 | -90.1% | 17.0% | ||
| Q2 25 | -10.7% | 22.2% | ||
| Q1 25 | -108.7% | 18.6% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | 8.2% | 4.1% | ||
| Q2 24 | 9.7% | 5.2% | ||
| Q1 24 | — | -124.7% |
每股收益（稀释后）FUNSSRM
| Q4 25 | $-0.93 | $0.84 | ||
| Q3 25 | $-11.77 | $0.31 | ||
| Q2 25 | $-0.99 | $0.42 | ||
| Q1 25 | $-2.20 | $0.28 | ||
| Q4 24 | — | $0.03 | ||
| Q3 24 | $1.10 | $0.05 | ||
| Q2 24 | — | $0.05 | ||
| Q1 24 | — | $-1.42 |
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 | $575.6M |
| 总债务越低越好 | $5.2B | — |
| 股东权益账面价值 | $549.8M | $3.5B |
| 总资产 | $7.8B | $6.1B |
| 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FUNSSRM
| Q4 25 | $91.1M | $575.6M | ||
| Q3 25 | $70.7M | $445.4M | ||
| Q2 25 | $107.4M | $438.5M | ||
| Q1 25 | $61.5M | $341.3M | ||
| Q4 24 | — | $417.3M | ||
| Q3 24 | $89.7M | $365.8M | ||
| Q2 24 | $52.9M | $384.4M | ||
| Q1 24 | — | $492.0M |
总债务FUNSSRM
| Q4 25 | $5.2B | — | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $5.3B | — | ||
| Q1 25 | $5.0B | — | ||
| Q4 24 | — | $228.6M | ||
| Q3 24 | $4.6B | $228.3M | ||
| Q2 24 | $2.3B | $228.0M | ||
| Q1 24 | — | $228.7M |
股东权益FUNSSRM
| Q4 25 | $549.8M | $3.5B | ||
| Q3 25 | $614.3M | $3.3B | ||
| Q2 25 | $1.8B | $3.3B | ||
| Q1 25 | $1.8B | $3.2B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | $2.3B | $3.1B | ||
| Q2 24 | — | $3.1B | ||
| Q1 24 | — | $3.1B |
总资产FUNSSRM
| Q4 25 | $7.8B | $6.1B | ||
| Q3 25 | $7.9B | $5.9B | ||
| Q2 25 | $9.5B | $5.8B | ||
| Q1 25 | $9.2B | $5.6B | ||
| Q4 24 | — | $5.2B | ||
| Q3 24 | $9.4B | $5.1B | ||
| Q2 24 | $2.3B | $5.2B | ||
| Q1 24 | — | $5.3B |
负债/权益比FUNSSRM
| Q4 25 | 9.40× | — | ||
| Q3 25 | 8.16× | — | ||
| Q2 25 | 2.97× | — | ||
| Q1 25 | 2.75× | — | ||
| Q4 24 | — | 0.07× | ||
| Q3 24 | 1.95× | 0.07× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 0.07× |
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 | $172.1M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | $106.4M |
| 自由现金流率自由现金流/营收 | -16.8% | 20.4% |
| 资本支出强度资本支出/营收 | 11.0% | 12.6% |
| 现金转化率经营现金流/净利润 | — | 0.95× |
| 过去12个月自由现金流最近4个季度 | $-152.2M | $241.6M |
8季度趋势，按日历期对齐
经营现金流FUNSSRM
| Q4 25 | $-37.7M | $172.1M | ||
| Q3 25 | $356.2M | $57.2M | ||
| Q2 25 | $187.0M | $157.8M | ||
| Q1 25 | $-178.0M | $84.8M | ||
| Q4 24 | — | $95.0M | ||
| Q3 24 | $337.4M | $-1.3M | ||
| Q2 24 | — | $-78.1M | ||
| Q1 24 | — | $24.6M |
自由现金流FUNSSRM
| Q4 25 | $-109.3M | $106.4M | ||
| Q3 25 | $256.2M | $-2.4M | ||
| Q2 25 | $18.8M | $98.4M | ||
| Q1 25 | $-318.0M | $39.3M | ||
| Q4 24 | — | $56.4M | ||
| Q3 24 | $227.7M | $-34.1M | ||
| Q2 24 | — | $-116.3M | ||
| Q1 24 | — | $-9.4M |
自由现金流率FUNSSRM
| Q4 25 | -16.8% | 20.4% | ||
| Q3 25 | 19.4% | -0.6% | ||
| Q2 25 | 2.0% | 24.3% | ||
| Q1 25 | -157.4% | 12.4% | ||
| Q4 24 | — | 17.5% | ||
| Q3 24 | 16.9% | -13.2% | ||
| Q2 24 | — | -62.9% | ||
| Q1 24 | — | -4.1% |
资本支出强度FUNSSRM
| Q4 25 | 11.0% | 12.6% | ||
| Q3 25 | 7.6% | 15.4% | ||
| Q2 25 | 18.1% | 14.7% | ||
| Q1 25 | 69.3% | 14.4% | ||
| Q4 24 | — | 11.9% | ||
| Q3 24 | 8.1% | 12.7% | ||
| Q2 24 | — | 20.7% | ||
| Q1 24 | — | 14.8% |
现金转化率FUNSSRM
| Q4 25 | — | 0.95× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | — | 17.10× | ||
| Q3 24 | 3.04× | -0.13× | ||
| Q2 24 | — | -8.06× | ||
| 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% |
SSRM
| Gold | $369.3M | 71% |
| Concentrate Sales | $124.4M | 24% |
| Other | $19.1M | 4% |
| Lead | $9.0M | 2% |
