vs
六旗（FUN）与STERLING INFRASTRUCTURE, INC.（STRL）财务数据对比。点击上方公司名可切换其他公司
STERLING INFRASTRUCTURE, INC.的季度营收约是六旗的1.2倍（$755.6M vs $650.1M），STERLING INFRASTRUCTURE, INC.净利率更高（11.6% vs -14.2%，领先25.8%），STERLING INFRASTRUCTURE, INC.自由现金流更多（$159.7M 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。
本公司是总部位于印度马哈拉施特拉邦孟买的跨国工程总承包（EPC）企业，业务覆盖可再生能源、数据中心、柴油发电、机电水暖（MEP）服务等多个领域，已在全球三十余个国家交付项目，执行团队遍布亚洲、中东、非洲、欧洲及澳大利亚。
FUN vs STRL — 直观对比
营收规模更大
STRL
是对方的1.2倍
$650.1M
净利率更高
STRL
高出25.8%
-14.2%
自由现金流更多
STRL
多$268.9M
$-109.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $755.6M |
| 净利润 | $-92.4M | $87.6M |
| 毛利率 | 91.4% | 21.7% |
| 营业利润率 | -3.8% | 15.9% |
| 净利率 | -14.2% | 11.6% |
| 营收同比 | — | 51.5% |
| 净利润同比 | — | -22.6% |
| 每股收益（稀释后） | $-0.93 | $2.82 |
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FUNSTRL
| Q4 25 | $650.1M | $755.6M | ||
| Q3 25 | $1.3B | $689.0M | ||
| Q2 25 | $930.4M | $614.5M | ||
| Q1 25 | $202.1M | $430.9M | ||
| Q4 24 | — | $498.8M | ||
| Q3 24 | $1.3B | $593.7M | ||
| Q2 24 | $571.6M | $582.8M | ||
| Q1 24 | — | $440.4M |
净利润FUNSTRL
| Q4 25 | $-92.4M | $87.6M | ||
| Q3 25 | $-1.2B | $92.1M | ||
| Q2 25 | $-99.6M | $71.0M | ||
| Q1 25 | $-219.7M | $39.5M | ||
| Q4 24 | — | $113.2M | ||
| Q3 24 | $111.0M | $61.3M | ||
| Q2 24 | $55.6M | $51.9M | ||
| Q1 24 | — | $31.0M |
毛利率FUNSTRL
| Q4 25 | 91.4% | 21.7% | ||
| Q3 25 | 91.6% | 24.7% | ||
| Q2 25 | 91.3% | 23.3% | ||
| Q1 25 | 89.3% | 22.0% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | 91.9% | 21.9% | ||
| Q2 24 | 90.7% | 19.3% | ||
| Q1 24 | — | 17.5% |
营业利润率FUNSTRL
| Q4 25 | -3.8% | 15.9% | ||
| Q3 25 | -83.7% | 18.2% | ||
| Q2 25 | 8.0% | 17.0% | ||
| Q1 25 | -158.9% | 13.0% | ||
| Q4 24 | — | 12.5% | ||
| Q3 24 | 19.5% | 14.7% | ||
| Q2 24 | 21.6% | 12.5% | ||
| Q1 24 | — | 9.6% |
净利率FUNSTRL
| Q4 25 | -14.2% | 11.6% | ||
| Q3 25 | -90.1% | 13.4% | ||
| Q2 25 | -10.7% | 11.6% | ||
| Q1 25 | -108.7% | 9.2% | ||
| Q4 24 | — | 22.7% | ||
| Q3 24 | 8.2% | 10.3% | ||
| Q2 24 | 9.7% | 8.9% | ||
| Q1 24 | — | 7.1% |
每股收益（稀释后）FUNSTRL
| Q4 25 | $-0.93 | $2.82 | ||
| Q3 25 | $-11.77 | $2.97 | ||
| Q2 25 | $-0.99 | $2.31 | ||
| Q1 25 | $-2.20 | $1.28 | ||
| Q4 24 | — | $3.63 | ||
| Q3 24 | $1.10 | $1.97 | ||
| Q2 24 | — | $1.67 | ||
| Q1 24 | — | $1.00 |
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 | $390.7M |
| 总债务越低越好 | $5.2B | — |
| 股东权益账面价值 | $549.8M | $1.1B |
| 总资产 | $7.8B | $2.6B |
| 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FUNSTRL
| Q4 25 | $91.1M | $390.7M | ||
| Q3 25 | $70.7M | $306.4M | ||
| Q2 25 | $107.4M | $699.4M | ||
| Q1 25 | $61.5M | $638.6M | ||
| Q4 24 | — | $664.2M | ||
| Q3 24 | $89.7M | $648.1M | ||
| Q2 24 | $52.9M | $540.0M | ||
| Q1 24 | — | $480.4M |
总债务FUNSTRL
| 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 | — | ||
| Q1 24 | — | — |
股东权益FUNSTRL
| Q4 25 | $549.8M | $1.1B | ||
| Q3 25 | $614.3M | $1.1B | ||
| Q2 25 | $1.8B | $881.7M | ||
| Q1 25 | $1.8B | $805.4M | ||
| Q4 24 | — | $808.1M | ||
| Q3 24 | $2.3B | $716.5M | ||
| Q2 24 | — | $670.7M | ||
| Q1 24 | — | $644.6M |
总资产FUNSTRL
| Q4 25 | $7.8B | $2.6B | ||
| Q3 25 | $7.9B | $2.6B | ||
| Q2 25 | $9.5B | $2.2B | ||
| Q1 25 | $9.2B | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | $9.4B | $2.0B | ||
| Q2 24 | $2.3B | $2.0B | ||
| Q1 24 | — | $1.8B |
负债/权益比FUNSTRL
| Q4 25 | 9.40× | — | ||
| Q3 25 | 8.16× | — | ||
| Q2 25 | 2.97× | — | ||
| Q1 25 | 2.75× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.95× | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $186.1M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | $159.7M |
| 自由现金流率自由现金流/营收 | -16.8% | 21.1% |
| 资本支出强度资本支出/营收 | 11.0% | 3.5% |
| 现金转化率经营现金流/净利润 | — | 2.12× |
| 过去12个月自由现金流最近4个季度 | $-152.2M | $362.7M |
8季度趋势，按日历期对齐
经营现金流FUNSTRL
| Q4 25 | $-37.7M | $186.1M | ||
| Q3 25 | $356.2M | $83.6M | ||
| Q2 25 | $187.0M | $85.4M | ||
| Q1 25 | $-178.0M | $84.9M | ||
| Q4 24 | — | $174.3M | ||
| Q3 24 | $337.4M | $152.3M | ||
| Q2 24 | — | $121.0M | ||
| Q1 24 | — | $49.6M |
自由现金流FUNSTRL
| Q4 25 | $-109.3M | $159.7M | ||
| Q3 25 | $256.2M | $64.0M | ||
| Q2 25 | $18.8M | $72.1M | ||
| Q1 25 | $-318.0M | $67.0M | ||
| Q4 24 | — | $158.6M | ||
| Q3 24 | $227.7M | $138.3M | ||
| Q2 24 | — | $92.1M | ||
| Q1 24 | — | $27.2M |
自由现金流率FUNSTRL
| Q4 25 | -16.8% | 21.1% | ||
| Q3 25 | 19.4% | 9.3% | ||
| Q2 25 | 2.0% | 11.7% | ||
| Q1 25 | -157.4% | 15.5% | ||
| Q4 24 | — | 31.8% | ||
| Q3 24 | 16.9% | 23.3% | ||
| Q2 24 | — | 15.8% | ||
| Q1 24 | — | 6.2% |
资本支出强度FUNSTRL
| Q4 25 | 11.0% | 3.5% | ||
| Q3 25 | 7.6% | 2.9% | ||
| Q2 25 | 18.1% | 2.2% | ||
| Q1 25 | 69.3% | 4.2% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | 8.1% | 2.4% | ||
| Q2 24 | — | 5.0% | ||
| Q1 24 | — | 5.1% |
现金转化率FUNSTRL
| Q4 25 | — | 2.12× | ||
| Q3 25 | — | 0.91× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 2.15× | ||
| Q4 24 | — | 1.54× | ||
| Q3 24 | 3.04× | 2.48× | ||
| Q2 24 | — | 2.33× | ||
| Q1 24 | — | 1.60× |
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% |
STRL
| Lump Sum | $464.9M | 62% |
| Heavy Highway | $99.6M | 13% |
| Residential Construction | $70.4M | 9% |
| Road And Highway Builders LLC | $52.4M | 7% |
| Other Revenue | $36.6M | 5% |
| Aviation | $16.6M | 2% |
| Commercial | $11.4M | 2% |
| Related Party | $600.0K | 0% |
