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六旗（FUN）与沃特世（WAT）财务数据对比。点击上方公司名可切换其他公司
沃特世的季度营收约是六旗的1.4倍（$932.4M vs $650.1M），沃特世净利率更高（24.2% vs -14.2%，领先38.4%）
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。
沃特世是总部位于美国马萨诸塞州米尔福德的企业，面向生命科学、材料、食品等行业，提供色谱、质谱、实验室信息学、流变测量领域所用的分析仪器及配套软件，为各领域的检测、研发等工作提供可靠技术支持。
FUN vs WAT — 直观对比
营收规模更大
WAT
是对方的1.4倍
$650.1M
净利率更高
WAT
高出38.4%
-14.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $932.4M |
| 净利润 | $-92.4M | $225.2M |
| 毛利率 | 91.4% | 61.1% |
| 营业利润率 | -3.8% | 29.0% |
| 净利率 | -14.2% | 24.2% |
| 营收同比 | — | 6.8% |
| 净利润同比 | — | -2.7% |
| 每股收益（稀释后） | $-0.93 | $3.76 |
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FUNWAT
| Q4 25 | $650.1M | $932.4M | ||
| Q3 25 | $1.3B | $799.9M | ||
| Q2 25 | $930.4M | $771.3M | ||
| Q1 25 | $202.1M | $661.7M | ||
| Q4 24 | — | $872.7M | ||
| Q3 24 | $1.3B | $740.3M | ||
| Q2 24 | $571.6M | $708.5M | ||
| Q1 24 | — | $636.8M |
净利润FUNWAT
| Q4 25 | $-92.4M | $225.2M | ||
| Q3 25 | $-1.2B | $148.9M | ||
| Q2 25 | $-99.6M | $147.1M | ||
| Q1 25 | $-219.7M | $121.4M | ||
| Q4 24 | — | $231.4M | ||
| Q3 24 | $111.0M | $161.5M | ||
| Q2 24 | $55.6M | $142.7M | ||
| Q1 24 | — | $102.2M |
毛利率FUNWAT
| Q4 25 | 91.4% | 61.1% | ||
| Q3 25 | 91.6% | 59.0% | ||
| Q2 25 | 91.3% | 58.3% | ||
| Q1 25 | 89.3% | 58.2% | ||
| Q4 24 | — | 60.1% | ||
| Q3 24 | 91.9% | 59.3% | ||
| Q2 24 | 90.7% | 59.3% | ||
| Q1 24 | — | 58.9% |
营业利润率FUNWAT
| Q4 25 | -3.8% | 29.0% | ||
| Q3 25 | -83.7% | 24.0% | ||
| Q2 25 | 8.0% | 24.4% | ||
| Q1 25 | -158.9% | 22.9% | ||
| Q4 24 | — | 33.5% | ||
| Q3 24 | 19.5% | 28.5% | ||
| Q2 24 | 21.6% | 26.7% | ||
| Q1 24 | — | 21.0% |
净利率FUNWAT
| Q4 25 | -14.2% | 24.2% | ||
| Q3 25 | -90.1% | 18.6% | ||
| Q2 25 | -10.7% | 19.1% | ||
| Q1 25 | -108.7% | 18.3% | ||
| Q4 24 | — | 26.5% | ||
| Q3 24 | 8.2% | 21.8% | ||
| Q2 24 | 9.7% | 20.1% | ||
| Q1 24 | — | 16.0% |
每股收益（稀释后）FUNWAT
| Q4 25 | $-0.93 | $3.76 | ||
| Q3 25 | $-11.77 | $2.50 | ||
| Q2 25 | $-0.99 | $2.47 | ||
| Q1 25 | $-2.20 | $2.03 | ||
| Q4 24 | — | $3.88 | ||
| Q3 24 | $1.10 | $2.71 | ||
| Q2 24 | — | $2.40 | ||
| Q1 24 | — | $1.72 |
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 | $587.8M |
| 总债务越低越好 | $5.2B | $1.4B |
| 股东权益账面价值 | $549.8M | $2.6B |
| 总资产 | $7.8B | $5.1B |
| 负债/权益比越低杠杆越低 | 9.40× | 0.55× |
8季度趋势，按日历期对齐
现金及短期投资FUNWAT
| Q4 25 | $91.1M | $587.8M | ||
| Q3 25 | $70.7M | $459.1M | ||
| Q2 25 | $107.4M | $367.2M | ||
| Q1 25 | $61.5M | $382.9M | ||
| Q4 24 | — | $325.4M | ||
| Q3 24 | $89.7M | $331.5M | ||
| Q2 24 | $52.9M | $327.4M | ||
| Q1 24 | — | $338.2M |
总债务FUNWAT
| Q4 25 | $5.2B | $1.4B | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $5.3B | — | ||
| Q1 25 | $5.0B | — | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | — | — |
股东权益FUNWAT
| Q4 25 | $549.8M | $2.6B | ||
| Q3 25 | $614.3M | $2.3B | ||
| Q2 25 | $1.8B | $2.2B | ||
| Q1 25 | $1.8B | $2.0B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $2.3B | $1.6B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.3B |
总资产FUNWAT
| Q4 25 | $7.8B | $5.1B | ||
| Q3 25 | $7.9B | $4.9B | ||
| Q2 25 | $9.5B | $4.7B | ||
| Q1 25 | $9.2B | $4.6B | ||
| Q4 24 | — | $4.6B | ||
| Q3 24 | $9.4B | $4.5B | ||
| Q2 24 | $2.3B | $4.4B | ||
| Q1 24 | — | $4.5B |
负债/权益比FUNWAT
| Q4 25 | 9.40× | 0.55× | ||
| Q3 25 | 8.16× | — | ||
| Q2 25 | 2.97× | — | ||
| Q1 25 | 2.75× | — | ||
| Q4 24 | — | 0.89× | ||
| 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 | $164.6M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | — |
| 自由现金流率自由现金流/营收 | -16.8% | — |
| 资本支出强度资本支出/营收 | 11.0% | — |
| 现金转化率经营现金流/净利润 | — | 0.73× |
| 过去12个月自由现金流最近4个季度 | $-152.2M | — |
8季度趋势，按日历期对齐
经营现金流FUNWAT
| Q4 25 | $-37.7M | $164.6M | ||
| Q3 25 | $356.2M | $187.3M | ||
| Q2 25 | $187.0M | $41.1M | ||
| Q1 25 | $-178.0M | $259.6M | ||
| Q4 24 | — | $240.1M | ||
| Q3 24 | $337.4M | $204.6M | ||
| Q2 24 | — | $54.5M | ||
| Q1 24 | — | $262.9M |
自由现金流FUNWAT
| Q4 25 | $-109.3M | — | ||
| Q3 25 | $256.2M | — | ||
| Q2 25 | $18.8M | — | ||
| Q1 25 | $-318.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $227.7M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率FUNWAT
| Q4 25 | -16.8% | — | ||
| Q3 25 | 19.4% | — | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | -157.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 16.9% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度FUNWAT
| Q4 25 | 11.0% | — | ||
| Q3 25 | 7.6% | — | ||
| Q2 25 | 18.1% | — | ||
| Q1 25 | 69.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.1% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率FUNWAT
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 1.26× | ||
| Q2 25 | — | 0.28× | ||
| Q1 25 | — | 2.14× | ||
| Q4 24 | — | 1.04× | ||
| Q3 24 | 3.04× | 1.27× | ||
| Q2 24 | — | 0.38× | ||
| Q1 24 | — | 2.57× |
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% |
WAT
暂无分部数据
