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六旗（FUN）与TALOS ENERGY INC.（TALO）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TALOS ENERGY INC.的1.7倍（$650.1M vs $392.2M），六旗净利率更高（-14.2% vs -51.6%，领先37.4%）
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。
塔洛斯能源是一家专注于油气领域的企业，主要在美国墨西哥湾沿岸及墨西哥湾区域开展石油、天然气资产的勘探、开发与生产运营业务，在离岸油气资源开发领域拥有成熟的项目运营经验与技术储备。
FUN vs TALO — 直观对比
营收规模更大
FUN
是对方的1.7倍
$392.2M
净利率更高
FUN
高出37.4%
-51.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $392.2M |
| 净利润 | $-92.4M | $-202.6M |
| 毛利率 | 91.4% | — |
| 营业利润率 | -3.8% | -62.2% |
| 净利率 | -14.2% | -51.6% |
| 营收同比 | — | -19.2% |
| 净利润同比 | — | -214.0% |
| 每股收益（稀释后） | $-0.93 | $-1.17 |
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FUNTALO
| Q4 25 | $650.1M | $392.2M | ||
| Q3 25 | $1.3B | $450.1M | ||
| Q2 25 | $930.4M | $424.7M | ||
| Q1 25 | $202.1M | $513.1M | ||
| Q4 24 | — | $485.2M | ||
| Q3 24 | $1.3B | $509.3M | ||
| Q2 24 | $571.6M | $549.2M | ||
| Q1 24 | — | $429.9M |
净利润FUNTALO
| Q4 25 | $-92.4M | $-202.6M | ||
| Q3 25 | $-1.2B | $-95.9M | ||
| Q2 25 | $-99.6M | $-185.9M | ||
| Q1 25 | $-219.7M | $-9.9M | ||
| Q4 24 | — | $-64.5M | ||
| Q3 24 | $111.0M | $88.2M | ||
| Q2 24 | $55.6M | $12.4M | ||
| Q1 24 | — | $-112.4M |
毛利率FUNTALO
| 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FUNTALO
| Q4 25 | -3.8% | -62.2% | ||
| Q3 25 | -83.7% | -19.1% | ||
| Q2 25 | 8.0% | -64.4% | ||
| Q1 25 | -158.9% | 8.5% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | 19.5% | 4.6% | ||
| Q2 24 | 21.6% | 9.9% | ||
| Q1 24 | — | 15.8% |
净利率FUNTALO
| Q4 25 | -14.2% | -51.6% | ||
| Q3 25 | -90.1% | -21.3% | ||
| Q2 25 | -10.7% | -43.8% | ||
| Q1 25 | -108.7% | -1.9% | ||
| Q4 24 | — | -13.3% | ||
| Q3 24 | 8.2% | 17.3% | ||
| Q2 24 | 9.7% | 2.3% | ||
| Q1 24 | — | -26.2% |
每股收益（稀释后）FUNTALO
| Q4 25 | $-0.93 | $-1.17 | ||
| Q3 25 | $-11.77 | $-0.55 | ||
| Q2 25 | $-0.99 | $-1.05 | ||
| Q1 25 | $-2.20 | $-0.05 | ||
| Q4 24 | — | $-0.29 | ||
| Q3 24 | $1.10 | $0.49 | ||
| Q2 24 | — | $0.07 | ||
| Q1 24 | — | $-0.71 |
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 | $362.8M |
| 总债务越低越好 | $5.2B | $1.2B |
| 股东权益账面价值 | $549.8M | $2.2B |
| 总资产 | $7.8B | $5.6B |
| 负债/权益比越低杠杆越低 | 9.40× | 0.57× |
8季度趋势，按日历期对齐
现金及短期投资FUNTALO
| Q4 25 | $91.1M | $362.8M | ||
| Q3 25 | $70.7M | $332.7M | ||
| Q2 25 | $107.4M | $357.3M | ||
| Q1 25 | $61.5M | $202.9M | ||
| Q4 24 | — | $108.2M | ||
| Q3 24 | $89.7M | $45.5M | ||
| Q2 24 | $52.9M | $37.8M | ||
| Q1 24 | — | $21.0M |
总债务FUNTALO
| Q4 25 | $5.2B | $1.2B | ||
| Q3 25 | $5.0B | $1.2B | ||
| Q2 25 | $5.3B | $1.2B | ||
| Q1 25 | $5.0B | $1.2B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $4.6B | $1.3B | ||
| Q2 24 | $2.3B | $1.4B | ||
| Q1 24 | — | $1.5B |
股东权益FUNTALO
| Q4 25 | $549.8M | $2.2B | ||
| Q3 25 | $614.3M | $2.4B | ||
| Q2 25 | $1.8B | $2.5B | ||
| Q1 25 | $1.8B | $2.7B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | $2.3B | $2.8B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | — | $2.8B |
总资产FUNTALO
| Q4 25 | $7.8B | $5.6B | ||
| Q3 25 | $7.9B | $5.7B | ||
| Q2 25 | $9.5B | $5.9B | ||
| Q1 25 | $9.2B | $6.1B | ||
| Q4 24 | — | $6.2B | ||
| Q3 24 | $9.4B | $6.4B | ||
| Q2 24 | $2.3B | $6.4B | ||
| Q1 24 | — | $6.4B |
负债/权益比FUNTALO
| Q4 25 | 9.40× | 0.57× | ||
| Q3 25 | 8.16× | 0.51× | ||
| Q2 25 | 2.97× | 0.49× | ||
| Q1 25 | 2.75× | 0.45× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | 1.95× | 0.47× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.56× |
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 | $201.8M |
| 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 | — | — |
| 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FUNTALO
| Q4 25 | $-37.7M | $201.8M | ||
| Q3 25 | $356.2M | $114.2M | ||
| Q2 25 | $187.0M | $351.6M | ||
| Q1 25 | $-178.0M | $268.2M | ||
| Q4 24 | — | $349.3M | ||
| Q3 24 | $337.4M | $227.5M | ||
| Q2 24 | — | $289.4M | ||
| Q1 24 | — | $96.4M |
自由现金流FUNTALO
| 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FUNTALO
| 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FUNTALO
| 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FUNTALO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.04× | 2.58× | ||
| Q2 24 | — | 23.37× | ||
| 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% |
TALO
| Oil And Condensate | $346.3M | 88% |
| Natural Gas Production | $36.0M | 9% |
| Natural Gas Liquids Reserves | $10.0M | 3% |
