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六旗（FUN）与Thryv Holdings, Inc.（THRY）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Thryv Holdings, Inc.的1.3倍（$225.6M vs $167.7M），Thryv Holdings, Inc.净利率更高（2.7% vs -119.0%，领先121.8%），六旗同比增速更快（11.7% vs -7.5%）
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。
Thryv Holdings, Inc.是一家上市软件服务（SaaS）企业，面向中小企业提供客户关系管理与网络声誉管理软件解决方案。公司总部位于得克萨斯州达拉斯，业务覆盖美国48个州，现有员工超过2400名，其前身是多家黄页企业组成的集团。
FUN vs THRY — 直观对比
营收规模更大
FUN
是对方的1.3倍
$167.7M
营收增速更快
FUN
高出19.2%
-7.5%
净利率更高
THRY
高出121.8%
-119.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $225.6M | $167.7M |
| 净利润 | $-268.6M | $4.5M |
| 毛利率 | — | 65.2% |
| 营业利润率 | — | 37.3% |
| 净利率 | -119.0% | 2.7% |
| 营收同比 | 11.7% | -7.5% |
| 净利润同比 | -22.2% | 147.2% |
| 每股收益（稀释后） | — | $0.10 |
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FUNTHRY
| Q1 26 | $225.6M | $167.7M | ||
| Q4 25 | $650.1M | $191.6M | ||
| Q3 25 | $1.3B | $201.6M | ||
| Q2 25 | $930.4M | $210.5M | ||
| Q1 25 | $202.1M | $181.4M | ||
| Q4 24 | — | $186.6M | ||
| Q3 24 | $1.3B | $179.9M | ||
| Q2 24 | $571.6M | $224.1M |
净利润FUNTHRY
| Q1 26 | $-268.6M | $4.5M | ||
| Q4 25 | $-92.4M | $-9.7M | ||
| Q3 25 | $-1.2B | $5.7M | ||
| Q2 25 | $-99.6M | $13.9M | ||
| Q1 25 | $-219.7M | $-9.6M | ||
| Q4 24 | — | $7.9M | ||
| Q3 24 | $111.0M | $-96.1M | ||
| Q2 24 | $55.6M | $5.5M |
毛利率FUNTHRY
| Q1 26 | — | 65.2% | ||
| Q4 25 | 91.4% | 68.0% | ||
| Q3 25 | 91.6% | 67.7% | ||
| Q2 25 | 91.3% | 69.7% | ||
| Q1 25 | 89.3% | 65.8% | ||
| Q4 24 | — | 65.9% | ||
| Q3 24 | 91.9% | 62.3% | ||
| Q2 24 | 90.7% | 66.3% |
营业利润率FUNTHRY
| Q1 26 | — | 37.3% | ||
| Q4 25 | -3.8% | 5.3% | ||
| Q3 25 | -83.7% | 9.9% | ||
| Q2 25 | 8.0% | 14.0% | ||
| Q1 25 | -158.9% | -1.7% | ||
| Q4 24 | — | -3.9% | ||
| Q3 24 | 19.5% | -49.2% | ||
| Q2 24 | 21.6% | 14.0% |
净利率FUNTHRY
| Q1 26 | -119.0% | 2.7% | ||
| Q4 25 | -14.2% | -5.0% | ||
| Q3 25 | -90.1% | 2.8% | ||
| Q2 25 | -10.7% | 6.6% | ||
| Q1 25 | -108.7% | -5.3% | ||
| Q4 24 | — | 4.2% | ||
| Q3 24 | 8.2% | -53.4% | ||
| Q2 24 | 9.7% | 2.5% |
每股收益（稀释后）FUNTHRY
| Q1 26 | — | $0.10 | ||
| Q4 25 | $-0.93 | $-0.21 | ||
| Q3 25 | $-11.77 | $0.13 | ||
| Q2 25 | $-0.99 | $0.31 | ||
| Q1 25 | $-2.20 | $-0.22 | ||
| Q4 24 | — | $0.28 | ||
| Q3 24 | $1.10 | $-2.65 | ||
| Q2 24 | — | $0.15 |
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 | $8.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $279.2M | $225.4M |
| 总资产 | $7.7B | $693.7M |
| 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FUNTHRY
| Q1 26 | $116.5M | $8.0M | ||
| Q4 25 | $91.1M | $10.8M | ||
| Q3 25 | $70.7M | $11.6M | ||
| Q2 25 | $107.4M | $10.8M | ||
| Q1 25 | $61.5M | $11.0M | ||
| Q4 24 | — | $16.3M | ||
| Q3 24 | $89.7M | $12.5M | ||
| Q2 24 | $52.9M | $15.5M |
总债务FUNTHRY
| Q1 26 | — | — | ||
| Q4 25 | $5.2B | $253.5M | ||
| Q3 25 | $5.0B | $268.2M | ||
| Q2 25 | $5.3B | $275.6M | ||
| Q1 25 | $5.0B | $299.0M | ||
| Q4 24 | — | $284.3M | ||
| Q3 24 | $4.6B | $307.8M | ||
| Q2 24 | $2.3B | $342.1M |
股东权益FUNTHRY
| Q1 26 | $279.2M | $225.4M | ||
| Q4 25 | $549.8M | $218.1M | ||
| Q3 25 | $614.3M | $221.1M | ||
| Q2 25 | $1.8B | $214.9M | ||
| Q1 25 | $1.8B | $193.2M | ||
| Q4 24 | — | $196.9M | ||
| Q3 24 | $2.3B | $94.5M | ||
| Q2 24 | — | $183.1M |
总资产FUNTHRY
| Q1 26 | $7.7B | $693.7M | ||
| Q4 25 | $7.8B | $688.6M | ||
| Q3 25 | $7.9B | $701.8M | ||
| Q2 25 | $9.5B | $687.7M | ||
| Q1 25 | $9.2B | $703.7M | ||
| Q4 24 | — | $712.2M | ||
| Q3 24 | $9.4B | $654.8M | ||
| Q2 24 | $2.3B | $785.5M |
负债/权益比FUNTHRY
| Q1 26 | — | — | ||
| Q4 25 | 9.40× | 1.16× | ||
| Q3 25 | 8.16× | 1.21× | ||
| Q2 25 | 2.97× | 1.28× | ||
| Q1 25 | 2.75× | 1.55× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | 1.95× | 3.26× | ||
| Q2 24 | — | 1.87× |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | — | $-5.5M |
| 自由现金流率自由现金流/营收 | — | -3.3% |
| 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 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $43.3M |
8季度趋势，按日历期对齐
经营现金流FUNTHRY
| Q1 26 | — | — | ||
| Q4 25 | $-37.7M | $22.2M | ||
| Q3 25 | $356.2M | $22.2M | ||
| Q2 25 | $187.0M | $29.6M | ||
| Q1 25 | $-178.0M | $-10.5M | ||
| Q4 24 | — | $26.1M | ||
| Q3 24 | $337.4M | $36.0M | ||
| Q2 24 | — | $22.2M |
自由现金流FUNTHRY
| Q1 26 | — | $-5.5M | ||
| Q4 25 | $-109.3M | $12.3M | ||
| Q3 25 | $256.2M | $14.6M | ||
| Q2 25 | $18.8M | $21.8M | ||
| Q1 25 | $-318.0M | $-17.6M | ||
| Q4 24 | — | $17.3M | ||
| Q3 24 | $227.7M | $27.5M | ||
| Q2 24 | — | $13.3M |
自由现金流率FUNTHRY
| Q1 26 | — | -3.3% | ||
| Q4 25 | -16.8% | 6.4% | ||
| Q3 25 | 19.4% | 7.2% | ||
| Q2 25 | 2.0% | 10.4% | ||
| Q1 25 | -157.4% | -9.7% | ||
| Q4 24 | — | 9.3% | ||
| Q3 24 | 16.9% | 15.3% | ||
| Q2 24 | — | 5.9% |
资本支出强度FUNTHRY
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | 5.2% | ||
| Q3 25 | 7.6% | 3.8% | ||
| Q2 25 | 18.1% | 3.7% | ||
| Q1 25 | 69.3% | 3.9% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | 8.1% | 4.7% | ||
| Q2 24 | — | 4.0% |
现金转化率FUNTHRY
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 3.93× | ||
| Q2 25 | — | 2.12× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.32× | ||
| Q3 24 | 3.04× | — | ||
| Q2 24 | — | 4.01× |
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% |
THRY
| SaaS | $116.7M | 70% |
| Other | $50.9M | 30% |
