vs
六旗（FUN）与Wheels Up Experience Inc.（UP）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Wheels Up Experience Inc.的1.2倍（$225.6M vs $183.8M），Wheels Up Experience Inc.净利率更高（-15.7% vs -119.0%，领先103.3%），六旗同比增速更快（11.7% vs -10.2%）
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。
Wheels Up是美国领先的按需私人航空服务提供商，也是全球规模最大的私人航空企业之一。公司由肯尼·迪希特创立于2013年，采用会员制按需服务的商业模式，会员可通过移动应用程序，从公司自有机队及第三方运营商处预订私人飞机出行。
FUN vs UP — 直观对比
营收规模更大
FUN
是对方的1.2倍
$183.8M
营收增速更快
FUN
高出21.9%
-10.2%
净利率更高
UP
高出103.3%
-119.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $225.6M | $183.8M |
| 净利润 | $-268.6M | $-28.9M |
| 毛利率 | — | 14.3% |
| 营业利润率 | — | -0.9% |
| 净利率 | -119.0% | -15.7% |
| 营收同比 | 11.7% | -10.2% |
| 净利润同比 | -22.2% | 67.0% |
| 每股收益（稀释后） | — | $-0.04 |
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FUNUP
| Q1 26 | $225.6M | — | ||
| Q4 25 | $650.1M | $183.8M | ||
| Q3 25 | $1.3B | $185.5M | ||
| Q2 25 | $930.4M | $189.6M | ||
| Q1 25 | $202.1M | $177.5M | ||
| Q4 24 | — | $204.8M | ||
| Q3 24 | $1.3B | $193.9M | ||
| Q2 24 | $571.6M | $196.3M |
净利润FUNUP
| Q1 26 | $-268.6M | — | ||
| Q4 25 | $-92.4M | $-28.9M | ||
| Q3 25 | $-1.2B | $-83.7M | ||
| Q2 25 | $-99.6M | $-82.3M | ||
| Q1 25 | $-219.7M | $-99.3M | ||
| Q4 24 | — | $-87.5M | ||
| Q3 24 | $111.0M | $-57.7M | ||
| Q2 24 | $55.6M | $-97.0M |
毛利率FUNUP
| Q1 26 | — | — | ||
| Q4 25 | 91.4% | 14.3% | ||
| Q3 25 | 91.6% | 6.8% | ||
| Q2 25 | 91.3% | 8.3% | ||
| Q1 25 | 89.3% | 10.8% | ||
| Q4 24 | — | 13.9% | ||
| Q3 24 | 91.9% | 13.9% | ||
| Q2 24 | 90.7% | 2.3% |
营业利润率FUNUP
| Q1 26 | — | — | ||
| Q4 25 | -3.8% | -0.9% | ||
| Q3 25 | -83.7% | -33.1% | ||
| Q2 25 | 8.0% | -31.4% | ||
| Q1 25 | -158.9% | -45.5% | ||
| Q4 24 | — | -26.0% | ||
| Q3 24 | 19.5% | -21.6% | ||
| Q2 24 | 21.6% | -40.3% |
净利率FUNUP
| Q1 26 | -119.0% | — | ||
| Q4 25 | -14.2% | -15.7% | ||
| Q3 25 | -90.1% | -45.1% | ||
| Q2 25 | -10.7% | -43.4% | ||
| Q1 25 | -108.7% | -55.9% | ||
| Q4 24 | — | -42.7% | ||
| Q3 24 | 8.2% | -29.8% | ||
| Q2 24 | 9.7% | -49.4% |
每股收益（稀释后）FUNUP
| Q1 26 | — | — | ||
| Q4 25 | $-0.93 | $-0.04 | ||
| Q3 25 | $-11.77 | $-0.12 | ||
| Q2 25 | $-0.99 | $-0.12 | ||
| Q1 25 | $-2.20 | $-0.14 | ||
| Q4 24 | — | $-0.13 | ||
| Q3 24 | $1.10 | $-0.08 | ||
| Q2 24 | — | $-0.14 |
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 | $133.9M |
| 总债务越低越好 | — | $671.3M |
| 股东权益账面价值 | $279.2M | $-392.1M |
| 总资产 | $7.7B | $968.8M |
| 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FUNUP
| Q1 26 | $116.5M | — | ||
| Q4 25 | $91.1M | $133.9M | ||
| Q3 25 | $70.7M | $125.3M | ||
| Q2 25 | $107.4M | $107.0M | ||
| Q1 25 | $61.5M | $171.8M | ||
| Q4 24 | — | $216.4M | ||
| Q3 24 | $89.7M | $115.9M | ||
| Q2 24 | $52.9M | $141.5M |
总债务FUNUP
| Q1 26 | — | — | ||
| Q4 25 | $5.2B | $671.3M | ||
| Q3 25 | $5.0B | $766.5M | ||
| Q2 25 | $5.3B | $770.5M | ||
| Q1 25 | $5.0B | $765.8M | ||
| Q4 24 | — | $761.3M | ||
| Q3 24 | $4.6B | $596.9M | ||
| Q2 24 | $2.3B | $597.4M |
股东权益FUNUP
| Q1 26 | $279.2M | — | ||
| Q4 25 | $549.8M | $-392.1M | ||
| Q3 25 | $614.3M | $-374.5M | ||
| Q2 25 | $1.8B | $-347.8M | ||
| Q1 25 | $1.8B | $-288.1M | ||
| Q4 24 | — | $-202.1M | ||
| Q3 24 | $2.3B | $-117.7M | ||
| Q2 24 | — | $-72.2M |
总资产FUNUP
| Q1 26 | $7.7B | — | ||
| Q4 25 | $7.8B | $968.8M | ||
| Q3 25 | $7.9B | $973.0M | ||
| Q2 25 | $9.5B | $1.0B | ||
| Q1 25 | $9.2B | $1.1B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $9.4B | $1.0B | ||
| Q2 24 | $2.3B | $1.1B |
负债/权益比FUNUP
| 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 | — | $-18.4M |
| 自由现金流经营现金流 - 资本支出 | — | $-58.3M |
| 自由现金流率自由现金流/营收 | — | -31.7% |
| 资本支出强度资本支出/营收 | — | 21.7% |
| 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 | — | $-259.9M |
8季度趋势，按日历期对齐
经营现金流FUNUP
| Q1 26 | — | — | ||
| Q4 25 | $-37.7M | $-18.4M | ||
| Q3 25 | $356.2M | $-37.1M | ||
| Q2 25 | $187.0M | $-62.9M | ||
| Q1 25 | $-178.0M | $-47.9M | ||
| Q4 24 | — | $37.9M | ||
| Q3 24 | $337.4M | $-16.9M | ||
| Q2 24 | — | $-25.2M |
自由现金流FUNUP
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | $-58.3M | ||
| Q3 25 | $256.2M | $-60.4M | ||
| Q2 25 | $18.8M | $-78.6M | ||
| Q1 25 | $-318.0M | $-62.6M | ||
| Q4 24 | — | $-70.2M | ||
| Q3 24 | $227.7M | $-21.9M | ||
| Q2 24 | — | $-30.8M |
自由现金流率FUNUP
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | -31.7% | ||
| Q3 25 | 19.4% | -32.6% | ||
| Q2 25 | 2.0% | -41.5% | ||
| Q1 25 | -157.4% | -35.3% | ||
| Q4 24 | — | -34.3% | ||
| Q3 24 | 16.9% | -11.3% | ||
| Q2 24 | — | -15.7% |
资本支出强度FUNUP
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | 21.7% | ||
| Q3 25 | 7.6% | 12.5% | ||
| Q2 25 | 18.1% | 8.3% | ||
| Q1 25 | 69.3% | 8.3% | ||
| Q4 24 | — | 52.8% | ||
| Q3 24 | 8.1% | 2.6% | ||
| Q2 24 | — | 2.9% |
现金转化率FUNUP
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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% |
UP
暂无分部数据
