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六旗（FUN）与Urban Edge Properties（UE）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Urban Edge Properties的1.7倍（$225.6M vs $132.6M），Urban Edge Properties净利率更高（17.1% vs -119.0%，领先136.1%），Urban Edge Properties同比增速更快（12.2% 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。
Urban Edge Properties是一家上市房地产投资信托，主要在美国人口密集的城市及郊区市场持有、运营和开发优质零售及混合用途物业，投资组合涵盖生鲜超市锚定的购物中心、生活类商业网点等面向本地社区的资产。
FUN vs UE — 直观对比
营收规模更大
FUN
是对方的1.7倍
$132.6M
营收增速更快
UE
高出0.6%
11.7%
净利率更高
UE
高出136.1%
-119.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $225.6M | $132.6M |
| 净利润 | $-268.6M | $22.6M |
| 毛利率 | — | — |
| 营业利润率 | — | — |
| 净利率 | -119.0% | 17.1% |
| 营收同比 | 11.7% | 12.2% |
| 净利润同比 | -22.2% | -6.7% |
| 每股收益（稀释后） | — | $0.18 |
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FUNUE
| Q1 26 | $225.6M | $132.6M | ||
| Q4 25 | $650.1M | $119.6M | ||
| Q3 25 | $1.3B | $120.1M | ||
| Q2 25 | $930.4M | $114.1M | ||
| Q1 25 | $202.1M | $118.2M | ||
| Q4 24 | — | $116.4M | ||
| Q3 24 | $1.3B | $112.4M | ||
| Q2 24 | $571.6M | $106.5M |
净利润FUNUE
| Q1 26 | $-268.6M | $22.6M | ||
| Q4 25 | $-92.4M | $12.4M | ||
| Q3 25 | $-1.2B | $14.9M | ||
| Q2 25 | $-99.6M | $58.0M | ||
| Q1 25 | $-219.7M | $8.2M | ||
| Q4 24 | — | $30.1M | ||
| Q3 24 | $111.0M | $9.1M | ||
| Q2 24 | $55.6M | $30.8M |
毛利率FUNUE
| 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FUNUE
| Q1 26 | — | — | ||
| Q4 25 | -3.8% | 11.3% | ||
| Q3 25 | -83.7% | 13.4% | ||
| Q2 25 | 8.0% | 53.9% | ||
| Q1 25 | -158.9% | 7.6% | ||
| Q4 24 | — | 27.6% | ||
| Q3 24 | 19.5% | 8.9% | ||
| Q2 24 | 21.6% | 30.6% |
净利率FUNUE
| Q1 26 | -119.0% | 17.1% | ||
| Q4 25 | -14.2% | 10.4% | ||
| Q3 25 | -90.1% | 12.4% | ||
| Q2 25 | -10.7% | 50.8% | ||
| Q1 25 | -108.7% | 6.9% | ||
| Q4 24 | — | 25.9% | ||
| Q3 24 | 8.2% | 8.1% | ||
| Q2 24 | 9.7% | 28.9% |
每股收益（稀释后）FUNUE
| Q1 26 | — | $0.18 | ||
| Q4 25 | $-0.93 | $0.09 | ||
| Q3 25 | $-11.77 | $0.12 | ||
| Q2 25 | $-0.99 | $0.46 | ||
| Q1 25 | $-2.20 | $0.07 | ||
| Q4 24 | — | $0.25 | ||
| Q3 24 | $1.10 | $0.07 | ||
| Q2 24 | — | $0.26 |
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 | $50.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $279.2M | $1.4B |
| 总资产 | $7.7B | $3.4B |
| 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FUNUE
| Q1 26 | $116.5M | $50.0M | ||
| Q4 25 | $91.1M | $48.9M | ||
| Q3 25 | $70.7M | $77.8M | ||
| Q2 25 | $107.4M | $53.0M | ||
| Q1 25 | $61.5M | $48.0M | ||
| Q4 24 | — | $41.4M | ||
| Q3 24 | $89.7M | $67.9M | ||
| Q2 24 | $52.9M | $78.6M |
总债务FUNUE
| 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FUNUE
| Q1 26 | $279.2M | $1.4B | ||
| Q4 25 | $549.8M | $1.4B | ||
| Q3 25 | $614.3M | $1.4B | ||
| Q2 25 | $1.8B | $1.4B | ||
| Q1 25 | $1.8B | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $2.3B | $1.3B | ||
| Q2 24 | — | $1.3B |
总资产FUNUE
| Q1 26 | $7.7B | $3.4B | ||
| Q4 25 | $7.8B | $3.3B | ||
| Q3 25 | $7.9B | $3.3B | ||
| Q2 25 | $9.5B | $3.3B | ||
| Q1 25 | $9.2B | $3.3B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | $9.4B | $3.2B | ||
| Q2 24 | $2.3B | $3.2B |
负债/权益比FUNUE
| 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 | — | $39.1M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | 1.5% |
| 现金转化率经营现金流/净利润 | — | 1.73× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流FUNUE
| Q1 26 | — | $39.1M | ||
| Q4 25 | $-37.7M | $182.7M | ||
| Q3 25 | $356.2M | $55.7M | ||
| Q2 25 | $187.0M | $43.5M | ||
| Q1 25 | $-178.0M | $32.6M | ||
| Q4 24 | — | $153.2M | ||
| Q3 24 | $337.4M | $36.6M | ||
| Q2 24 | — | $41.2M |
自由现金流FUNUE
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | $81.8M | ||
| Q3 25 | $256.2M | $26.1M | ||
| Q2 25 | $18.8M | $19.6M | ||
| Q1 25 | $-318.0M | $11.9M | ||
| Q4 24 | — | $42.5M | ||
| Q3 24 | $227.7M | $12.2M | ||
| Q2 24 | — | $19.9M |
自由现金流率FUNUE
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | 68.4% | ||
| Q3 25 | 19.4% | 21.7% | ||
| Q2 25 | 2.0% | 17.2% | ||
| Q1 25 | -157.4% | 10.0% | ||
| Q4 24 | — | 36.6% | ||
| Q3 24 | 16.9% | 10.8% | ||
| Q2 24 | — | 18.6% |
资本支出强度FUNUE
| Q1 26 | — | 1.5% | ||
| Q4 25 | 11.0% | 84.4% | ||
| Q3 25 | 7.6% | 24.6% | ||
| Q2 25 | 18.1% | 20.9% | ||
| Q1 25 | 69.3% | 17.5% | ||
| Q4 24 | — | 95.1% | ||
| Q3 24 | 8.1% | 21.7% | ||
| Q2 24 | — | 20.1% |
现金转化率FUNUE
| Q1 26 | — | 1.73× | ||
| Q4 25 | — | 14.71× | ||
| Q3 25 | — | 3.73× | ||
| Q2 25 | — | 0.75× | ||
| Q1 25 | — | 3.97× | ||
| Q4 24 | — | 5.09× | ||
| Q3 24 | 3.04× | 4.03× | ||
| Q2 24 | — | 1.34× |
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% |
UE
| Rental revenue | $124.2M | 94% |
| Other | $8.4M | 6% |
