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六旗（FUN）与Upstart Holdings, Inc.（UPST）财务数据对比。点击上方公司名可切换其他公司
Upstart Holdings, Inc.的季度营收约是六旗的1.4倍（$308.2M vs $225.6M），Upstart Holdings, Inc.净利率更高（-2.2% vs -119.0%，领先116.9%），Upstart Holdings, Inc.同比增速更快（44.4% 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。
Upstart是一家AI信贷平台服务商，与银行及信用合作社合作，将教育背景、就业情况等非传统指标纳入信用评估模型，更精准地预测借款人的信用状况，为用户提供消费贷款服务，助力金融机构提升信贷效率、扩大服务覆盖范围。
FUN vs UPST — 直观对比
营收规模更大
UPST
是对方的1.4倍
$225.6M
营收增速更快
UPST
高出32.8%
11.7%
净利率更高
UPST
高出116.9%
-119.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $225.6M | $308.2M |
| 净利润 | $-268.6M | $-6.6M |
| 毛利率 | — | — |
| 营业利润率 | — | -2.4% |
| 净利率 | -119.0% | -2.2% |
| 营收同比 | 11.7% | 44.4% |
| 净利润同比 | -22.2% | -171.6% |
| 每股收益（稀释后） | — | $-0.07 |
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FUNUPST
| Q1 26 | $225.6M | $308.2M | ||
| Q4 25 | $650.1M | $296.1M | ||
| Q3 25 | $1.3B | $277.1M | ||
| Q2 25 | $930.4M | $257.3M | ||
| Q1 25 | $202.1M | $213.4M | ||
| Q4 24 | — | $219.0M | ||
| Q3 24 | $1.3B | $162.1M | ||
| Q2 24 | $571.6M | $127.6M |
净利润FUNUPST
| Q1 26 | $-268.6M | $-6.6M | ||
| Q4 25 | $-92.4M | $18.6M | ||
| Q3 25 | $-1.2B | $31.8M | ||
| Q2 25 | $-99.6M | $5.6M | ||
| Q1 25 | $-219.7M | $-2.4M | ||
| Q4 24 | — | $-2.8M | ||
| Q3 24 | $111.0M | $-6.8M | ||
| Q2 24 | $55.6M | $-54.5M |
毛利率FUNUPST
| 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FUNUPST
| Q1 26 | — | -2.4% | ||
| Q4 25 | -3.8% | 6.4% | ||
| Q3 25 | -83.7% | 8.5% | ||
| Q2 25 | 8.0% | 1.8% | ||
| Q1 25 | -158.9% | -2.1% | ||
| Q4 24 | — | -2.2% | ||
| Q3 24 | 19.5% | -27.8% | ||
| Q2 24 | 21.6% | -43.5% |
净利率FUNUPST
| Q1 26 | -119.0% | -2.2% | ||
| Q4 25 | -14.2% | 6.3% | ||
| Q3 25 | -90.1% | 11.5% | ||
| Q2 25 | -10.7% | 2.2% | ||
| Q1 25 | -108.7% | -1.1% | ||
| Q4 24 | — | -1.3% | ||
| Q3 24 | 8.2% | -4.2% | ||
| Q2 24 | 9.7% | -42.7% |
每股收益（稀释后）FUNUPST
| Q1 26 | — | $-0.07 | ||
| Q4 25 | $-0.93 | $0.20 | ||
| Q3 25 | $-11.77 | $0.23 | ||
| Q2 25 | $-0.99 | $0.05 | ||
| Q1 25 | $-2.20 | $-0.03 | ||
| Q4 24 | — | $-0.01 | ||
| Q3 24 | $1.10 | $-0.07 | ||
| Q2 24 | — | $-0.62 |
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 | $472.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $279.2M | $733.2M |
| 总资产 | $7.7B | $3.0B |
| 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FUNUPST
| Q1 26 | $116.5M | $472.9M | ||
| Q4 25 | $91.1M | $652.4M | ||
| Q3 25 | $70.7M | $489.8M | ||
| Q2 25 | $107.4M | $395.9M | ||
| Q1 25 | $61.5M | $599.8M | ||
| Q4 24 | — | $788.4M | ||
| Q3 24 | $89.7M | — | ||
| Q2 24 | $52.9M | — |
总债务FUNUPST
| 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FUNUPST
| Q1 26 | $279.2M | $733.2M | ||
| Q4 25 | $549.8M | $798.8M | ||
| Q3 25 | $614.3M | $743.7M | ||
| Q2 25 | $1.8B | $722.0M | ||
| Q1 25 | $1.8B | $676.6M | ||
| Q4 24 | — | $633.2M | ||
| Q3 24 | $2.3B | $595.5M | ||
| Q2 24 | — | $594.7M |
总资产FUNUPST
| Q1 26 | $7.7B | $3.0B | ||
| Q4 25 | $7.8B | $3.0B | ||
| Q3 25 | $7.9B | $2.9B | ||
| Q2 25 | $9.5B | $2.5B | ||
| Q1 25 | $9.2B | $2.3B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | $9.4B | $1.8B | ||
| Q2 24 | $2.3B | $1.8B |
负债/权益比FUNUPST
| 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 | — | $-133.3M |
| 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 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流FUNUPST
| Q1 26 | — | $-133.3M | ||
| Q4 25 | $-37.7M | $108.6M | ||
| Q3 25 | $356.2M | $-122.6M | ||
| Q2 25 | $187.0M | $-120.2M | ||
| Q1 25 | $-178.0M | $-13.5M | ||
| Q4 24 | — | $-110.9M | ||
| Q3 24 | $337.4M | $179.3M | ||
| Q2 24 | — | $65.3M |
自由现金流FUNUPST
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | $108.4M | ||
| Q3 25 | $256.2M | $-122.7M | ||
| Q2 25 | $18.8M | $-120.3M | ||
| Q1 25 | $-318.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $227.7M | $179.2M | ||
| Q2 24 | — | $65.3M |
自由现金流率FUNUPST
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | 36.6% | ||
| Q3 25 | 19.4% | -44.3% | ||
| Q2 25 | 2.0% | -46.7% | ||
| Q1 25 | -157.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 16.9% | 110.5% | ||
| Q2 24 | — | 51.1% |
资本支出强度FUNUPST
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | 0.1% | ||
| Q3 25 | 7.6% | 0.0% | ||
| Q2 25 | 18.1% | 0.0% | ||
| Q1 25 | 69.3% | 0.0% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | 8.1% | 0.1% | ||
| Q2 24 | — | 0.0% |
现金转化率FUNUPST
| Q1 26 | — | — | ||
| Q4 25 | — | 5.82× | ||
| Q3 25 | — | -3.86× | ||
| Q2 25 | — | -21.43× | ||
| 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% |
UPST
| Platform and referral fees, net | $224.6M | 73% |
| Servicing and other fees, net | $52.4M | 17% |
| Other | $31.2M | 10% |
