vs
六旗（FUN）与Vestis Corp（VSTS）财务数据对比。点击上方公司名可切换其他公司
Vestis Corp的季度营收约是六旗的1.0倍（$663.4M vs $650.1M），Vestis Corp净利率更高（-1.0% vs -14.2%，领先13.2%），Vestis Corp自由现金流更多（$28.3M 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。
Vestis Corp是北美领先的工作制服、安全防护服饰及配套设施服务供应商，服务覆盖医疗、制造、零售、餐饮住宿、公共服务等多个领域，为企业客户提供定制化的制服租赁、清洁与日常维护解决方案。
FUN vs VSTS — 直观对比
营收规模更大
VSTS
是对方的1.0倍
$650.1M
净利率更高
VSTS
高出13.2%
-14.2%
自由现金流更多
VSTS
多$137.6M
$-109.3M
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $663.4M |
| 净利润 | $-92.4M | $-6.4M |
| 毛利率 | 91.4% | — |
| 营业利润率 | -3.8% | 2.5% |
| 净利率 | -14.2% | -1.0% |
| 营收同比 | — | -3.0% |
| 净利润同比 | — | -868.1% |
| 每股收益（稀释后） | $-0.93 | $-0.05 |
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FUNVSTS
| Q1 26 | — | $663.4M | ||
| Q4 25 | $650.1M | $712.0M | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $930.4M | $673.8M | ||
| Q1 25 | $202.1M | $665.2M | ||
| Q4 24 | — | $683.8M | ||
| Q3 24 | $1.3B | $684.3M | ||
| Q2 24 | $571.6M | $698.2M |
净利润FUNVSTS
| Q1 26 | — | $-6.4M | ||
| Q4 25 | $-92.4M | $-12.5M | ||
| Q3 25 | $-1.2B | — | ||
| Q2 25 | $-99.6M | $-676.0K | ||
| Q1 25 | $-219.7M | $-27.8M | ||
| Q4 24 | — | $832.0K | ||
| Q3 24 | $111.0M | $-2.3M | ||
| Q2 24 | $55.6M | $5.0M |
毛利率FUNVSTS
| 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FUNVSTS
| Q1 26 | — | 2.5% | ||
| Q4 25 | -3.8% | 2.5% | ||
| Q3 25 | -83.7% | — | ||
| Q2 25 | 8.0% | 3.7% | ||
| Q1 25 | -158.9% | -1.3% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | 19.5% | 4.4% | ||
| Q2 24 | 21.6% | 5.4% |
净利率FUNVSTS
| Q1 26 | — | -1.0% | ||
| Q4 25 | -14.2% | -1.8% | ||
| Q3 25 | -90.1% | — | ||
| Q2 25 | -10.7% | -0.1% | ||
| Q1 25 | -108.7% | -4.2% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | 8.2% | -0.3% | ||
| Q2 24 | 9.7% | 0.7% |
每股收益（稀释后）FUNVSTS
| Q1 26 | — | $-0.05 | ||
| Q4 25 | $-0.93 | $-0.10 | ||
| Q3 25 | $-11.77 | — | ||
| Q2 25 | $-0.99 | $-0.01 | ||
| Q1 25 | $-2.20 | $-0.21 | ||
| Q4 24 | — | $0.01 | ||
| Q3 24 | $1.10 | $-0.02 | ||
| Q2 24 | — | $0.04 |
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 | $41.5M |
| 总债务越低越好 | $5.2B | — |
| 股东权益账面价值 | $549.8M | $864.4M |
| 总资产 | $7.8B | $2.9B |
| 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FUNVSTS
| Q1 26 | — | $41.5M | ||
| Q4 25 | $91.1M | $29.7M | ||
| Q3 25 | $70.7M | — | ||
| Q2 25 | $107.4M | $23.7M | ||
| Q1 25 | $61.5M | $28.8M | ||
| Q4 24 | — | $18.6M | ||
| Q3 24 | $89.7M | $31.0M | ||
| Q2 24 | $52.9M | $29.1M |
总债务FUNVSTS
| Q1 26 | — | — | ||
| Q4 25 | $5.2B | $1.2B | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $5.3B | — | ||
| Q1 25 | $5.0B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $4.6B | $1.2B | ||
| Q2 24 | $2.3B | — |
股东权益FUNVSTS
| Q1 26 | — | $864.4M | ||
| Q4 25 | $549.8M | $865.6M | ||
| Q3 25 | $614.3M | — | ||
| Q2 25 | $1.8B | $882.2M | ||
| Q1 25 | $1.8B | $876.3M | ||
| Q4 24 | — | $899.6M | ||
| Q3 24 | $2.3B | $903.1M | ||
| Q2 24 | — | $901.2M |
总资产FUNVSTS
| Q1 26 | — | $2.9B | ||
| Q4 25 | $7.8B | $2.9B | ||
| Q3 25 | $7.9B | — | ||
| Q2 25 | $9.5B | $2.9B | ||
| Q1 25 | $9.2B | $2.9B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | $9.4B | $2.9B | ||
| Q2 24 | $2.3B | $3.1B |
负债/权益比FUNVSTS
| Q1 26 | — | — | ||
| Q4 25 | 9.40× | 1.35× | ||
| Q3 25 | 8.16× | — | ||
| Q2 25 | 2.97× | — | ||
| Q1 25 | 2.75× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.95× | 1.29× | ||
| 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 | $-37.7M | $37.7M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | $28.3M |
| 自由现金流率自由现金流/营收 | -16.8% | 4.3% |
| 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 | $45.0M |
8季度趋势，按日历期对齐
经营现金流FUNVSTS
| Q1 26 | — | $37.7M | ||
| Q4 25 | $-37.7M | $30.9M | ||
| Q3 25 | $356.2M | — | ||
| Q2 25 | $187.0M | $22.9M | ||
| Q1 25 | $-178.0M | $6.7M | ||
| Q4 24 | — | $3.8M | ||
| Q3 24 | $337.4M | $295.6M | ||
| Q2 24 | — | $48.7M |
自由现金流FUNVSTS
| Q1 26 | — | $28.3M | ||
| Q4 25 | $-109.3M | $15.6M | ||
| Q3 25 | $256.2M | — | ||
| Q2 25 | $18.8M | $8.0M | ||
| Q1 25 | $-318.0M | $-6.9M | ||
| Q4 24 | — | $-11.0M | ||
| Q3 24 | $227.7M | $267.5M | ||
| Q2 24 | — | $27.7M |
自由现金流率FUNVSTS
| Q1 26 | — | 4.3% | ||
| Q4 25 | -16.8% | 2.2% | ||
| Q3 25 | 19.4% | — | ||
| Q2 25 | 2.0% | 1.2% | ||
| Q1 25 | -157.4% | -1.0% | ||
| Q4 24 | — | -1.6% | ||
| Q3 24 | 16.9% | 39.1% | ||
| Q2 24 | — | 4.0% |
资本支出强度FUNVSTS
| Q1 26 | — | 1.4% | ||
| Q4 25 | 11.0% | 2.2% | ||
| Q3 25 | 7.6% | — | ||
| Q2 25 | 18.1% | 2.2% | ||
| Q1 25 | 69.3% | 2.0% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | 8.1% | 4.1% | ||
| Q2 24 | — | 3.0% |
现金转化率FUNVSTS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.54× | ||
| Q3 24 | 3.04× | — | ||
| Q2 24 | — | 9.66× |
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% |
VSTS
| Workplace Supplies | $375.2M | 57% |
| Uniforms | $227.7M | 34% |
| Other | $60.5M | 9% |
