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六旗（FUN）与TRINET GROUP, INC.（TNET）财务数据对比。点击上方公司名可切换其他公司
TRINET GROUP, INC.的季度营收约是六旗的1.9倍（$1.2B vs $650.1M），TRINET GROUP, INC.自由现金流更多（$43.0M vs $-109.3M）
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。
TriNet Group, Inc.是一家面向中小企业的专业雇主组织，总部位于加州都柏林，服务员工规模在3至2500人之间的各类机构。可提供薪资管理、健康福利管理服务，还能为客户提供劳动法规合规、风险降低相关咨询，可作为外包人力资源部门为企业分担人事相关事务。
FUN vs TNET — 直观对比
营收规模更大
TNET
是对方的1.9倍
$650.1M
自由现金流更多
TNET
多$152.3M
$-109.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $1.2B |
| 净利润 | $-92.4M | — |
| 毛利率 | 91.4% | — |
| 营业利润率 | -3.8% | 0.1% |
| 净利率 | -14.2% | — |
| 营收同比 | — | -2.2% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $-0.93 | $0.02 |
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FUNTNET
| Q4 25 | $650.1M | $1.2B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $930.4M | $1.2B | ||
| Q1 25 | $202.1M | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $571.6M | $1.2B | ||
| Q1 24 | — | $1.3B |
净利润FUNTNET
| Q4 25 | $-92.4M | — | ||
| Q3 25 | $-1.2B | $34.0M | ||
| Q2 25 | $-99.6M | $37.0M | ||
| Q1 25 | $-219.7M | $85.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $111.0M | $45.0M | ||
| Q2 24 | $55.6M | $60.0M | ||
| Q1 24 | — | $91.0M |
毛利率FUNTNET
| 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FUNTNET
| Q4 25 | -3.8% | 0.1% | ||
| Q3 25 | -83.7% | 4.1% | ||
| Q2 25 | 8.0% | 4.1% | ||
| Q1 25 | -158.9% | 8.9% | ||
| Q4 24 | — | -2.9% | ||
| Q3 24 | 19.5% | 4.7% | ||
| Q2 24 | 21.6% | 6.5% | ||
| Q1 24 | — | 9.7% |
净利率FUNTNET
| Q4 25 | -14.2% | — | ||
| Q3 25 | -90.1% | 2.8% | ||
| Q2 25 | -10.7% | 3.0% | ||
| Q1 25 | -108.7% | 6.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.2% | 3.6% | ||
| Q2 24 | 9.7% | 4.9% | ||
| Q1 24 | — | 7.2% |
每股收益（稀释后）FUNTNET
| Q4 25 | $-0.93 | $0.02 | ||
| Q3 25 | $-11.77 | $0.70 | ||
| Q2 25 | $-0.99 | $0.77 | ||
| Q1 25 | $-2.20 | $1.71 | ||
| Q4 24 | — | $-0.44 | ||
| Q3 24 | $1.10 | $0.89 | ||
| Q2 24 | — | $1.20 | ||
| Q1 24 | — | $1.78 |
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 | $287.0M |
| 总债务越低越好 | $5.2B | — |
| 股东权益账面价值 | $549.8M | $54.0M |
| 总资产 | $7.8B | $3.8B |
| 负债/权益比越低杠杆越低 | 9.40× | — |
8季度趋势，按日历期对齐
现金及短期投资FUNTNET
| Q4 25 | $91.1M | $287.0M | ||
| Q3 25 | $70.7M | $321.0M | ||
| Q2 25 | $107.4M | $407.0M | ||
| Q1 25 | $61.5M | $349.0M | ||
| Q4 24 | — | $360.0M | ||
| Q3 24 | $89.7M | $301.0M | ||
| Q2 24 | $52.9M | $249.0M | ||
| Q1 24 | — | $383.0M |
总债务FUNTNET
| 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 | — | ||
| Q1 24 | — | — |
股东权益FUNTNET
| Q4 25 | $549.8M | $54.0M | ||
| Q3 25 | $614.3M | $110.0M | ||
| Q2 25 | $1.8B | $107.0M | ||
| Q1 25 | $1.8B | $63.0M | ||
| Q4 24 | — | $69.0M | ||
| Q3 24 | $2.3B | $129.0M | ||
| Q2 24 | — | $100.0M | ||
| Q1 24 | — | $143.0M |
总资产FUNTNET
| Q4 25 | $7.8B | $3.8B | ||
| Q3 25 | $7.9B | $3.4B | ||
| Q2 25 | $9.5B | $3.7B | ||
| Q1 25 | $9.2B | $3.8B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | $9.4B | $3.7B | ||
| Q2 24 | $2.3B | $3.7B | ||
| Q1 24 | — | $4.0B |
负债/权益比FUNTNET
| Q4 25 | 9.40× | — | ||
| Q3 25 | 8.16× | — | ||
| Q2 25 | 2.97× | — | ||
| Q1 25 | 2.75× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.95× | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $-37.7M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | $43.0M |
| 自由现金流率自由现金流/营收 | -16.8% | 3.4% |
| 资本支出强度资本支出/营收 | 11.0% | 1.4% |
| 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 | $-152.2M | $234.0M |
8季度趋势，按日历期对齐
经营现金流FUNTNET
| Q4 25 | $-37.7M | $61.0M | ||
| Q3 25 | $356.2M | $72.0M | ||
| Q2 25 | $187.0M | $75.0M | ||
| Q1 25 | $-178.0M | $95.0M | ||
| Q4 24 | — | $65.0M | ||
| Q3 24 | $337.4M | $84.0M | ||
| Q2 24 | — | $39.0M | ||
| Q1 24 | — | $91.0M |
自由现金流FUNTNET
| Q4 25 | $-109.3M | $43.0M | ||
| Q3 25 | $256.2M | $55.0M | ||
| Q2 25 | $18.8M | $57.0M | ||
| Q1 25 | $-318.0M | $79.0M | ||
| Q4 24 | — | $47.0M | ||
| Q3 24 | $227.7M | $59.0M | ||
| Q2 24 | — | $22.0M | ||
| Q1 24 | — | $73.0M |
自由现金流率FUNTNET
| Q4 25 | -16.8% | 3.4% | ||
| Q3 25 | 19.4% | 4.5% | ||
| Q2 25 | 2.0% | 4.6% | ||
| Q1 25 | -157.4% | 6.1% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | 16.9% | 4.8% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 5.8% |
资本支出强度FUNTNET
| Q4 25 | 11.0% | 1.4% | ||
| Q3 25 | 7.6% | 1.4% | ||
| Q2 25 | 18.1% | 1.5% | ||
| Q1 25 | 69.3% | 1.2% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | 8.1% | 2.0% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 1.4% |
现金转化率FUNTNET
| Q4 25 | — | — | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.04× | 1.87× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | — | 1.00× |
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% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
