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六旗（FUN）与SUN COMMUNITIES INC（SUI）财务数据对比。点击上方公司名可切换其他公司
SUN COMMUNITIES INC的季度营收约是六旗的1.1倍（$697.2M vs $650.1M），SUN COMMUNITIES INC净利率更高（1.7% vs -14.2%，领先15.9%）
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。
Sun Communities是一家上市房地产投资信托基金，核心投资品类为预制住宅社区及房车营地物业。截至2025年6月2日，该公司在美国、加拿大、英国三地合计持有500处相关资产的权益，专注于居住及休闲类不动产投资领域。
FUN vs SUI — 直观对比
营收规模更大
SUI
是对方的1.1倍
$650.1M
净利率更高
SUI
高出15.9%
-14.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $697.2M |
| 净利润 | $-92.4M | $12.1M |
| 毛利率 | 91.4% | — |
| 营业利润率 | -3.8% | — |
| 净利率 | -14.2% | 1.7% |
| 营收同比 | — | -25.8% |
| 净利润同比 | — | -96.0% |
| 每股收益（稀释后） | $-0.93 | $0.07 |
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FUNSUI
| Q4 25 | $650.1M | — | ||
| Q3 25 | $1.3B | $697.2M | ||
| Q2 25 | $930.4M | $623.5M | ||
| Q1 25 | $202.1M | $470.2M | ||
| Q4 24 | — | $745.9M | ||
| Q3 24 | $1.3B | $939.9M | ||
| Q2 24 | $571.6M | $864.0M | ||
| Q1 24 | — | $671.3M |
净利润FUNSUI
| Q4 25 | $-92.4M | — | ||
| Q3 25 | $-1.2B | $12.1M | ||
| Q2 25 | $-99.6M | $1.3B | ||
| Q1 25 | $-219.7M | $-41.2M | ||
| Q4 24 | — | $-228.4M | ||
| Q3 24 | $111.0M | $300.5M | ||
| Q2 24 | $55.6M | $56.7M | ||
| Q1 24 | — | $-25.2M |
毛利率FUNSUI
| 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FUNSUI
| Q4 25 | -3.8% | — | ||
| Q3 25 | -83.7% | — | ||
| Q2 25 | 8.0% | — | ||
| Q1 25 | -158.9% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 19.5% | — | ||
| Q2 24 | 21.6% | — | ||
| Q1 24 | — | — |
净利率FUNSUI
| Q4 25 | -14.2% | — | ||
| Q3 25 | -90.1% | 1.7% | ||
| Q2 25 | -10.7% | 210.8% | ||
| Q1 25 | -108.7% | -8.8% | ||
| Q4 24 | — | -30.6% | ||
| Q3 24 | 8.2% | 32.0% | ||
| Q2 24 | 9.7% | 6.6% | ||
| Q1 24 | — | -3.8% |
每股收益（稀释后）FUNSUI
| Q4 25 | $-0.93 | — | ||
| Q3 25 | $-11.77 | $0.07 | ||
| Q2 25 | $-0.99 | $10.02 | ||
| Q1 25 | $-2.20 | $-0.34 | ||
| Q4 24 | — | $-1.80 | ||
| Q3 24 | $1.10 | $2.31 | ||
| Q2 24 | — | $0.42 | ||
| Q1 24 | — | $-0.22 |
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 | $542.7M |
| 总债务越低越好 | $5.2B | — |
| 股东权益账面价值 | $549.8M | $7.0B |
| 总资产 | $7.8B | $12.8B |
| 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FUNSUI
| Q4 25 | $91.1M | — | ||
| Q3 25 | $70.7M | $542.7M | ||
| Q2 25 | $107.4M | $889.7M | ||
| Q1 25 | $61.5M | — | ||
| Q4 24 | — | $47.4M | ||
| Q3 24 | $89.7M | — | ||
| Q2 24 | $52.9M | — | ||
| Q1 24 | — | — |
总债务FUNSUI
| Q4 25 | $5.2B | — | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $5.3B | — | ||
| Q1 25 | $5.0B | — | ||
| Q4 24 | — | $7.4B | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | — | — |
股东权益FUNSUI
| Q4 25 | $549.8M | — | ||
| Q3 25 | $614.3M | $7.0B | ||
| Q2 25 | $1.8B | $7.4B | ||
| Q1 25 | $1.8B | $6.9B | ||
| Q4 24 | — | $7.1B | ||
| Q3 24 | $2.3B | $7.5B | ||
| Q2 24 | — | $6.9B | ||
| Q1 24 | — | $6.9B |
总资产FUNSUI
| Q4 25 | $7.8B | — | ||
| Q3 25 | $7.9B | $12.8B | ||
| Q2 25 | $9.5B | $13.4B | ||
| Q1 25 | $9.2B | $16.5B | ||
| Q4 24 | — | $16.5B | ||
| Q3 24 | $9.4B | $17.1B | ||
| Q2 24 | $2.3B | $17.0B | ||
| Q1 24 | — | $17.1B |
负债/权益比FUNSUI
| Q4 25 | 9.40× | — | ||
| Q3 25 | 8.16× | — | ||
| Q2 25 | 2.97× | — | ||
| Q1 25 | 2.75× | — | ||
| Q4 24 | — | 1.04× | ||
| 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 | $197.8M |
| 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 | — | 16.35× |
| 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FUNSUI
| Q4 25 | $-37.7M | — | ||
| Q3 25 | $356.2M | $197.8M | ||
| Q2 25 | $187.0M | $256.0M | ||
| Q1 25 | $-178.0M | $243.9M | ||
| Q4 24 | — | $118.0M | ||
| Q3 24 | $337.4M | $189.2M | ||
| Q2 24 | — | $311.3M | ||
| Q1 24 | — | $242.5M |
自由现金流FUNSUI
| 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FUNSUI
| 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FUNSUI
| 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FUNSUI
| Q4 25 | — | — | ||
| Q3 25 | — | 16.35× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.04× | 0.63× | ||
| Q2 24 | — | 5.49× | ||
| 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% |
SUI
暂无分部数据
