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六旗（FUN）与Talen Energy Corp（TLN）财务数据对比。点击上方公司名可切换其他公司
Talen Energy Corp的季度营收约是六旗的3.4倍（$758.0M vs $225.6M），Talen Energy Corp净利率更高（-47.9% vs -119.0%，领先71.2%），Talen Energy Corp同比增速更快（114.7% vs 11.7%）
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。
PPL公司是总部位于美国宾夕法尼亚州东部利哈伊谷阿伦敦的能源企业，于纽约证券交易所上市（股票代码：PPL），属标普500指数成分股。截至2022年，公司营收79亿美元，总资产超370亿美元，拥有6500名员工，服务360万客户。
FUN vs TLN — 直观对比
营收规模更大
TLN
是对方的3.4倍
$225.6M
营收增速更快
TLN
高出103.1%
11.7%
净利率更高
TLN
高出71.2%
-119.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $225.6M | $758.0M |
| 净利润 | $-268.6M | $-363.0M |
| 毛利率 | — | — |
| 营业利润率 | — | -41.3% |
| 净利率 | -119.0% | -47.9% |
| 营收同比 | 11.7% | 114.7% |
| 净利润同比 | -22.2% | -542.7% |
| 每股收益（稀释后） | — | $-7.60 |
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FUNTLN
| Q1 26 | $225.6M | — | ||
| Q4 25 | $650.1M | $758.0M | ||
| Q3 25 | $1.3B | $697.0M | ||
| Q2 25 | $930.4M | $409.0M | ||
| Q1 25 | $202.1M | $654.0M | ||
| Q4 24 | — | $353.0M | ||
| Q3 24 | $1.3B | $459.0M | ||
| Q2 24 | $571.6M | $346.0M |
净利润FUNTLN
| Q1 26 | $-268.6M | — | ||
| Q4 25 | $-92.4M | $-363.0M | ||
| Q3 25 | $-1.2B | $207.0M | ||
| Q2 25 | $-99.6M | $72.0M | ||
| Q1 25 | $-219.7M | $-135.0M | ||
| Q4 24 | — | $82.0M | ||
| Q3 24 | $111.0M | $168.0M | ||
| Q2 24 | $55.6M | $454.0M |
毛利率FUNTLN
| 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FUNTLN
| Q1 26 | — | — | ||
| Q4 25 | -3.8% | -41.3% | ||
| Q3 25 | -83.7% | 37.7% | ||
| Q2 25 | 8.0% | 16.1% | ||
| Q1 25 | -158.9% | -16.2% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | 19.5% | 34.4% | ||
| Q2 24 | 21.6% | 7.8% |
净利率FUNTLN
| Q1 26 | -119.0% | — | ||
| Q4 25 | -14.2% | -47.9% | ||
| Q3 25 | -90.1% | 29.7% | ||
| Q2 25 | -10.7% | 17.6% | ||
| Q1 25 | -108.7% | -20.6% | ||
| Q4 24 | — | 23.2% | ||
| Q3 24 | 8.2% | 36.6% | ||
| Q2 24 | 9.7% | 131.2% |
每股收益（稀释后）FUNTLN
| Q1 26 | — | — | ||
| Q4 25 | $-0.93 | $-7.60 | ||
| Q3 25 | $-11.77 | $4.25 | ||
| Q2 25 | $-0.99 | $1.50 | ||
| Q1 25 | $-2.20 | $-2.94 | ||
| Q4 24 | — | $2.07 | ||
| Q3 24 | $1.10 | $3.16 | ||
| Q2 24 | — | $7.60 |
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 | $689.0M |
| 总债务越低越好 | — | $6.8B |
| 股东权益账面价值 | $279.2M | $1.1B |
| 总资产 | $7.7B | $10.9B |
| 负债/权益比越低杠杆越低 | — | 6.23× |
8季度趋势，按日历期对齐
现金及短期投资FUNTLN
| Q1 26 | $116.5M | — | ||
| Q4 25 | $91.1M | $689.0M | ||
| Q3 25 | $70.7M | $497.0M | ||
| Q2 25 | $107.4M | $122.0M | ||
| Q1 25 | $61.5M | $295.0M | ||
| Q4 24 | — | $328.0M | ||
| Q3 24 | $89.7M | $648.0M | ||
| Q2 24 | $52.9M | $632.0M |
总债务FUNTLN
| Q1 26 | — | — | ||
| Q4 25 | $5.2B | $6.8B | ||
| Q3 25 | $5.0B | $3.0B | ||
| Q2 25 | $5.3B | $3.0B | ||
| Q1 25 | $5.0B | $3.0B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | $4.6B | $2.6B | ||
| Q2 24 | $2.3B | $2.6B |
股东权益FUNTLN
| Q1 26 | $279.2M | — | ||
| Q4 25 | $549.8M | $1.1B | ||
| Q3 25 | $614.3M | $1.5B | ||
| Q2 25 | $1.8B | $1.2B | ||
| Q1 25 | $1.8B | $1.2B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $2.3B | $2.4B | ||
| Q2 24 | — | $2.5B |
总资产FUNTLN
| Q1 26 | $7.7B | — | ||
| Q4 25 | $7.8B | $10.9B | ||
| Q3 25 | $7.9B | $6.1B | ||
| Q2 25 | $9.5B | $5.8B | ||
| Q1 25 | $9.2B | $5.9B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | $9.4B | $6.8B | ||
| Q2 24 | $2.3B | $7.1B |
负债/权益比FUNTLN
| Q1 26 | — | — | ||
| Q4 25 | 9.40× | 6.23× | ||
| Q3 25 | 8.16× | 2.03× | ||
| Q2 25 | 2.97× | 2.40× | ||
| Q1 25 | 2.75× | 2.54× | ||
| Q4 24 | — | 2.17× | ||
| Q3 24 | 1.95× | 1.10× | ||
| Q2 24 | — | 1.05× |
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 | — | $280.0M |
| 自由现金流经营现金流 - 资本支出 | — | $254.0M |
| 自由现金流率自由现金流/营收 | — | 33.5% |
| 资本支出强度资本支出/营收 | — | 3.4% |
| 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 | — | $606.0M |
8季度趋势，按日历期对齐
经营现金流FUNTLN
| Q1 26 | — | — | ||
| Q4 25 | $-37.7M | $280.0M | ||
| Q3 25 | $356.2M | $489.0M | ||
| Q2 25 | $187.0M | $-184.0M | ||
| Q1 25 | $-178.0M | $119.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $337.4M | $96.0M | ||
| Q2 24 | — | $-23.0M |
自由现金流FUNTLN
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | $254.0M | ||
| Q3 25 | $256.2M | $468.0M | ||
| Q2 25 | $18.8M | $-217.0M | ||
| Q1 25 | $-318.0M | $101.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $227.7M | $83.0M | ||
| Q2 24 | — | $-43.0M |
自由现金流率FUNTLN
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | 33.5% | ||
| Q3 25 | 19.4% | 67.1% | ||
| Q2 25 | 2.0% | -53.1% | ||
| Q1 25 | -157.4% | 15.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | 16.9% | 18.1% | ||
| Q2 24 | — | -12.4% |
资本支出强度FUNTLN
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | 3.4% | ||
| Q3 25 | 7.6% | 3.0% | ||
| Q2 25 | 18.1% | 8.1% | ||
| Q1 25 | 69.3% | 2.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.1% | 2.8% | ||
| Q2 24 | — | 5.8% |
现金转化率FUNTLN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.36× | ||
| Q2 25 | — | -2.56× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.04× | 0.57× | ||
| Q2 24 | — | -0.05× |
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% |
TLN
| Electricity Sales And Ancillary Services | $555.0M | 73% |
| Operating Revenue Capacity | $182.0M | 24% |
| Physical Electricity Sales Bilateral Contracts Other | $21.0M | 3% |
