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六旗（FUN）与医疗房产信托（SVC）财务数据对比。点击上方公司名可切换其他公司
医疗房产信托的季度营收约是六旗的1.3倍（$296.5M vs $225.6M），医疗房产信托净利率更高（-0.3% vs -119.0%，领先118.8%），六旗同比增速更快（11.7% vs -17.0%）
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。
医疗房产信托（MPT）是总部位于阿拉巴马州伯明翰的国际房地产投资信托（REIT），主要在美国和欧洲地区收购投资医疗设施与营利性医疗控股公司。该公司的房产收购多采用售后回租模式，原产权方出售房产给MPT后成为承租租户，其租户普遍签订长期三净租约。
FUN vs SVC — 直观对比
营收规模更大
SVC
是对方的1.3倍
$225.6M
营收增速更快
FUN
高出28.6%
-17.0%
净利率更高
SVC
高出118.8%
-119.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $225.6M | $296.5M |
| 净利润 | $-268.6M | $-782.0K |
| 毛利率 | — | — |
| 营业利润率 | — | -3.9% |
| 净利率 | -119.0% | -0.3% |
| 营收同比 | 11.7% | -17.0% |
| 净利润同比 | -22.2% | 99.0% |
| 每股收益（稀释后） | — | $-0.01 |
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FUNSVC
| Q1 26 | $225.6M | — | ||
| Q4 25 | $650.1M | $296.5M | ||
| Q3 25 | $1.3B | $377.6M | ||
| Q2 25 | $930.4M | $404.4M | ||
| Q1 25 | $202.1M | $335.0M | ||
| Q4 24 | — | $357.0M | ||
| Q3 24 | $1.3B | $390.9M | ||
| Q2 24 | $571.6M | $412.5M |
净利润FUNSVC
| Q1 26 | $-268.6M | — | ||
| Q4 25 | $-92.4M | $-782.0K | ||
| Q3 25 | $-1.2B | $-46.9M | ||
| Q2 25 | $-99.6M | $-38.2M | ||
| Q1 25 | $-219.7M | $-116.4M | ||
| Q4 24 | — | $-76.4M | ||
| Q3 24 | $111.0M | $-46.9M | ||
| Q2 24 | $55.6M | $-73.8M |
毛利率FUNSVC
| Q1 26 | — | — | ||
| 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% | — |
营业利润率FUNSVC
| Q1 26 | — | — | ||
| Q4 25 | -3.8% | -3.9% | ||
| Q3 25 | -83.7% | -12.8% | ||
| Q2 25 | 8.0% | -9.2% | ||
| Q1 25 | -158.9% | -33.3% | ||
| Q4 24 | — | -19.4% | ||
| Q3 24 | 19.5% | -12.8% | ||
| Q2 24 | 21.6% | -17.1% |
净利率FUNSVC
| Q1 26 | -119.0% | — | ||
| Q4 25 | -14.2% | -0.3% | ||
| Q3 25 | -90.1% | -12.4% | ||
| Q2 25 | -10.7% | -9.4% | ||
| Q1 25 | -108.7% | -34.8% | ||
| Q4 24 | — | -21.4% | ||
| Q3 24 | 8.2% | -12.0% | ||
| Q2 24 | 9.7% | -17.9% |
每股收益（稀释后）FUNSVC
| Q1 26 | — | — | ||
| Q4 25 | $-0.93 | $-0.01 | ||
| Q3 25 | $-11.77 | $-0.28 | ||
| Q2 25 | $-0.99 | $-0.23 | ||
| Q1 25 | $-2.20 | $-0.70 | ||
| Q4 24 | — | $-0.46 | ||
| Q3 24 | $1.10 | $-0.28 | ||
| Q2 24 | — | $-0.45 |
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 | $116.5M | $346.8M |
| 总债务越低越好 | — | $5.5B |
| 股东权益账面价值 | $279.2M | $646.1M |
| 总资产 | $7.7B | $6.5B |
| 负债/权益比越低杠杆越低 | — | 8.52× |
8季度趋势，按日历期对齐
现金及短期投资FUNSVC
| Q1 26 | $116.5M | — | ||
| Q4 25 | $91.1M | $346.8M | ||
| Q3 25 | $70.7M | $417.4M | ||
| Q2 25 | $107.4M | $63.2M | ||
| Q1 25 | $61.5M | $80.1M | ||
| Q4 24 | — | $143.5M | ||
| Q3 24 | $89.7M | $48.6M | ||
| Q2 24 | $52.9M | $14.6M |
总债务FUNSVC
| Q1 26 | — | — | ||
| Q4 25 | $5.2B | $5.5B | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $5.3B | — | ||
| Q1 25 | $5.0B | — | ||
| Q4 24 | — | $5.8B | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $2.3B | — |
股东权益FUNSVC
| Q1 26 | $279.2M | — | ||
| Q4 25 | $549.8M | $646.1M | ||
| Q3 25 | $614.3M | $647.9M | ||
| Q2 25 | $1.8B | $695.9M | ||
| Q1 25 | $1.8B | $734.6M | ||
| Q4 24 | — | $851.9M | ||
| Q3 24 | $2.3B | $929.0M | ||
| Q2 24 | — | $1.0B |
总资产FUNSVC
| Q1 26 | $7.7B | — | ||
| Q4 25 | $7.8B | $6.5B | ||
| Q3 25 | $7.9B | $7.0B | ||
| Q2 25 | $9.5B | $6.9B | ||
| Q1 25 | $9.2B | $7.0B | ||
| Q4 24 | — | $7.1B | ||
| Q3 24 | $9.4B | $7.1B | ||
| Q2 24 | $2.3B | $7.1B |
负债/权益比FUNSVC
| Q1 26 | — | — | ||
| Q4 25 | 9.40× | 8.52× | ||
| Q3 25 | 8.16× | — | ||
| Q2 25 | 2.97× | — | ||
| Q1 25 | 2.75× | — | ||
| Q4 24 | — | 6.85× | ||
| 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 | — | $-18.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-95.2M |
| 自由现金流率自由现金流/营收 | — | -32.1% |
| 资本支出强度资本支出/营收 | — | 25.9% |
| 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 | — | $-107.0M |
8季度趋势，按日历期对齐
经营现金流FUNSVC
| Q1 26 | — | — | ||
| Q4 25 | $-37.7M | $-18.5M | ||
| Q3 25 | $356.2M | $98.1M | ||
| Q2 25 | $187.0M | $-7.0K | ||
| Q1 25 | $-178.0M | $38.2M | ||
| Q4 24 | — | $-9.7M | ||
| Q3 24 | $337.4M | $106.2M | ||
| Q2 24 | — | $43.8M |
自由现金流FUNSVC
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | $-95.2M | ||
| Q3 25 | $256.2M | $57.9M | ||
| Q2 25 | $18.8M | $-46.6M | ||
| Q1 25 | $-318.0M | $-23.2M | ||
| Q4 24 | — | $-88.9M | ||
| Q3 24 | $227.7M | $24.1M | ||
| Q2 24 | — | $-22.3M |
自由现金流率FUNSVC
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | -32.1% | ||
| Q3 25 | 19.4% | 15.3% | ||
| Q2 25 | 2.0% | -11.5% | ||
| Q1 25 | -157.4% | -6.9% | ||
| Q4 24 | — | -24.9% | ||
| Q3 24 | 16.9% | 6.2% | ||
| Q2 24 | — | -5.4% |
资本支出强度FUNSVC
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | 25.9% | ||
| Q3 25 | 7.6% | 10.6% | ||
| Q2 25 | 18.1% | 11.5% | ||
| Q1 25 | 69.3% | 18.3% | ||
| Q4 24 | — | 22.2% | ||
| Q3 24 | 8.1% | 21.0% | ||
| Q2 24 | — | 16.0% |
现金转化率FUNSVC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.04× | — | ||
| Q2 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
| In-park admissions revenues | $113.4M | 50% |
| In-park product revenues | $89.0M | 39% |
| Out-of-park revenues | $28.8M | 13% |
SVC
暂无分部数据
