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六旗（FUN）与Tenable Holdings, Inc.（TENB）财务数据对比。点击上方公司名可切换其他公司
Tenable Holdings, Inc.的季度营收约是六旗的1.2倍（$262.1M vs $225.6M），Tenable Holdings, Inc.净利率更高（0.5% vs -119.0%，领先119.6%），六旗同比增速更快（11.7% vs 9.6%）
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。
Tenable Holdings, Inc.是总部位于美国马里兰州哥伦比亚市的网络安全企业，旗下1998年推出的漏洞扫描软件Nessus是全球网络安全行业应用最广泛的漏洞评估解决方案之一。截至2023年12月31日，公司拥有约4.4万家客户，其中包括65%的财富500强企业。
FUN vs TENB — 直观对比
营收规模更大
TENB
是对方的1.2倍
$225.6M
营收增速更快
FUN
高出2.1%
9.6%
净利率更高
TENB
高出119.6%
-119.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $225.6M | $262.1M |
| 净利润 | $-268.6M | $1.4M |
| 毛利率 | — | 78.4% |
| 营业利润率 | — | 25.0% |
| 净利率 | -119.0% | 0.5% |
| 营收同比 | 11.7% | 9.6% |
| 净利润同比 | -22.2% | — |
| 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FUNTENB
| Q1 26 | $225.6M | $262.1M | ||
| Q4 25 | $650.1M | $260.5M | ||
| Q3 25 | $1.3B | $252.4M | ||
| Q2 25 | $930.4M | $247.3M | ||
| Q1 25 | $202.1M | $239.1M | ||
| Q4 24 | — | $235.7M | ||
| Q3 24 | $1.3B | $227.1M | ||
| Q2 24 | $571.6M | $221.2M |
净利润FUNTENB
| Q1 26 | $-268.6M | $1.4M | ||
| Q4 25 | $-92.4M | $-737.0K | ||
| Q3 25 | $-1.2B | $2.3M | ||
| Q2 25 | $-99.6M | $-14.7M | ||
| Q1 25 | $-219.7M | $-22.9M | ||
| Q4 24 | — | $1.9M | ||
| Q3 24 | $111.0M | $-9.2M | ||
| Q2 24 | $55.6M | $-14.6M |
毛利率FUNTENB
| Q1 26 | — | 78.4% | ||
| Q4 25 | 91.4% | 78.8% | ||
| Q3 25 | 91.6% | 77.5% | ||
| Q2 25 | 91.3% | 78.0% | ||
| Q1 25 | 89.3% | 78.1% | ||
| Q4 24 | — | 78.2% | ||
| Q3 24 | 91.9% | 77.8% | ||
| Q2 24 | 90.7% | 77.9% |
营业利润率FUNTENB
| Q1 26 | — | 25.0% | ||
| Q4 25 | -3.8% | 3.4% | ||
| Q3 25 | -83.7% | 2.8% | ||
| Q2 25 | 8.0% | -3.0% | ||
| Q1 25 | -158.9% | -7.4% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | 19.5% | -0.9% | ||
| Q2 24 | 21.6% | -4.0% |
净利率FUNTENB
| Q1 26 | -119.0% | 0.5% | ||
| Q4 25 | -14.2% | -0.3% | ||
| Q3 25 | -90.1% | 0.9% | ||
| Q2 25 | -10.7% | -5.9% | ||
| Q1 25 | -108.7% | -9.6% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | 8.2% | -4.1% | ||
| Q2 24 | 9.7% | -6.6% |
每股收益（稀释后）FUNTENB
| Q1 26 | — | $0.01 | ||
| Q4 25 | $-0.93 | $-0.01 | ||
| Q3 25 | $-11.77 | $0.02 | ||
| Q2 25 | $-0.99 | $-0.12 | ||
| Q1 25 | $-2.20 | $-0.19 | ||
| Q4 24 | — | $0.01 | ||
| Q3 24 | $1.10 | $-0.08 | ||
| Q2 24 | — | $-0.12 |
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 | $360.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $279.2M | $248.2M |
| 总资产 | $7.7B | $1.6B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资FUNTENB
| Q1 26 | $116.5M | $360.3M | ||
| Q4 25 | $91.1M | $402.2M | ||
| Q3 25 | $70.7M | $383.6M | ||
| Q2 25 | $107.4M | $386.5M | ||
| Q1 25 | $61.5M | $460.3M | ||
| Q4 24 | — | $577.2M | ||
| Q3 24 | $89.7M | $548.4M | ||
| Q2 24 | $52.9M | $487.0M |
总债务FUNTENB
| Q1 26 | — | — | ||
| 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 | — |
股东权益FUNTENB
| Q1 26 | $279.2M | $248.2M | ||
| Q4 25 | $549.8M | $326.4M | ||
| Q3 25 | $614.3M | $344.4M | ||
| Q2 25 | $1.8B | $350.7M | ||
| Q1 25 | $1.8B | $383.2M | ||
| Q4 24 | — | $400.0M | ||
| Q3 24 | $2.3B | $404.6M | ||
| Q2 24 | — | $363.6M |
总资产FUNTENB
| Q1 26 | $7.7B | $1.6B | ||
| Q4 25 | $7.8B | $1.7B | ||
| Q3 25 | $7.9B | $1.7B | ||
| Q2 25 | $9.5B | $1.7B | ||
| Q1 25 | $9.2B | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $9.4B | $1.6B | ||
| Q2 24 | $2.3B | $1.6B |
负债/权益比FUNTENB
| Q1 26 | — | — | ||
| Q4 25 | 9.40× | — | ||
| Q3 25 | 8.16× | — | ||
| Q2 25 | 2.97× | — | ||
| Q1 25 | 2.75× | — | ||
| Q4 24 | — | — | ||
| 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 | — | $88.0M |
| 自由现金流经营现金流 - 资本支出 | — | $82.6M |
| 自由现金流率自由现金流/营收 | — | 31.5% |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 62.21× |
| 过去12个月自由现金流最近4个季度 | — | $256.4M |
8季度趋势，按日历期对齐
经营现金流FUNTENB
| Q1 26 | — | $88.0M | ||
| Q4 25 | $-37.7M | $83.0M | ||
| Q3 25 | $356.2M | $53.9M | ||
| Q2 25 | $187.0M | $42.5M | ||
| Q1 25 | $-178.0M | $87.4M | ||
| Q4 24 | — | $81.1M | ||
| Q3 24 | $337.4M | $54.6M | ||
| Q2 24 | — | $31.4M |
自由现金流FUNTENB
| Q1 26 | — | $82.6M | ||
| Q4 25 | $-109.3M | $82.7M | ||
| Q3 25 | $256.2M | $53.0M | ||
| Q2 25 | $18.8M | $38.1M | ||
| Q1 25 | $-318.0M | $80.9M | ||
| Q4 24 | — | $78.8M | ||
| Q3 24 | $227.7M | $53.9M | ||
| Q2 24 | — | $30.9M |
自由现金流率FUNTENB
| Q1 26 | — | 31.5% | ||
| Q4 25 | -16.8% | 31.7% | ||
| Q3 25 | 19.4% | 21.0% | ||
| Q2 25 | 2.0% | 15.4% | ||
| Q1 25 | -157.4% | 33.8% | ||
| Q4 24 | — | 33.4% | ||
| Q3 24 | 16.9% | 23.7% | ||
| Q2 24 | — | 14.0% |
资本支出强度FUNTENB
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | 0.1% | ||
| Q3 25 | 7.6% | 0.3% | ||
| Q2 25 | 18.1% | 1.8% | ||
| Q1 25 | 69.3% | 2.7% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | 8.1% | 0.3% | ||
| Q2 24 | — | 0.2% |
现金转化率FUNTENB
| Q1 26 | — | 62.21× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 23.83× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 43.43× | ||
| 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% |
TENB
| Subscription revenue | $243.2M | 93% |
| Perpetual license and maintenance revenue | $10.2M | 4% |
| Other | $8.7M | 3% |
