vs
六旗（FUN）与微博公司（WB）财务数据对比。点击上方公司名可切换其他公司
微博公司的季度营收约是六旗的5.7倍（$1.3B vs $225.6M），微博公司净利率更高（35.7% vs -119.0%，领先154.7%）
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。
微博公司是中国知名的社交网络企业，旗下运营的新浪微博是国内极具影响力的微博客平台，公司总部位于中国北京，为数以亿计的用户提供社交互动、资讯传播、内容创作等多元互联网服务。
FUN vs WB — 直观对比
营收规模更大
WB
是对方的5.7倍
$225.6M
净利率更高
WB
高出154.7%
-119.0%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $225.6M | $1.3B |
| 净利润 | $-268.6M | $458.3M |
| 毛利率 | — | — |
| 营业利润率 | — | 29.1% |
| 净利率 | -119.0% | 35.7% |
| 营收同比 | 11.7% | — |
| 净利润同比 | -22.2% | — |
| 每股收益（稀释后） | — | — |
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FUNWB
| Q1 26 | $225.6M | — | ||
| Q4 25 | $650.1M | — | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $930.4M | $841.7M | ||
| Q1 25 | $202.1M | $396.9M | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $571.6M | $833.4M | ||
| Q1 24 | — | $395.5M |
净利润FUNWB
| Q1 26 | $-268.6M | — | ||
| Q4 25 | $-92.4M | — | ||
| Q3 25 | $-1.2B | $458.3M | ||
| Q2 25 | $-99.6M | $234.8M | ||
| Q1 25 | $-219.7M | $108.1M | ||
| Q3 24 | $111.0M | $297.4M | ||
| Q2 24 | $55.6M | $164.6M | ||
| Q1 24 | — | $51.1M |
毛利率FUNWB
| Q1 26 | — | — | ||
| Q4 25 | 91.4% | — | ||
| Q3 25 | 91.6% | — | ||
| Q2 25 | 91.3% | — | ||
| Q1 25 | 89.3% | — | ||
| Q3 24 | 91.9% | — | ||
| Q2 24 | 90.7% | — | ||
| Q1 24 | — | — |
营业利润率FUNWB
| Q1 26 | — | — | ||
| Q4 25 | -3.8% | — | ||
| Q3 25 | -83.7% | 29.1% | ||
| Q2 25 | 8.0% | 30.4% | ||
| Q1 25 | -158.9% | 27.8% | ||
| Q3 24 | 19.5% | 29.0% | ||
| Q2 24 | 21.6% | 28.2% | ||
| Q1 24 | — | 25.2% |
净利率FUNWB
| Q1 26 | -119.0% | — | ||
| Q4 25 | -14.2% | — | ||
| Q3 25 | -90.1% | 35.7% | ||
| Q2 25 | -10.7% | 27.9% | ||
| Q1 25 | -108.7% | 27.2% | ||
| Q3 24 | 8.2% | 22.9% | ||
| Q2 24 | 9.7% | 19.8% | ||
| Q1 24 | — | 12.9% |
每股收益（稀释后）FUNWB
| Q1 26 | — | — | ||
| Q4 25 | $-0.93 | — | ||
| Q3 25 | $-11.77 | — | ||
| Q2 25 | $-0.99 | — | ||
| Q1 25 | $-2.20 | — | ||
| Q3 24 | $1.10 | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $1.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $279.2M | $3.9B |
| 总资产 | $7.7B | $6.9B |
| 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FUNWB
| Q1 26 | $116.5M | — | ||
| Q4 25 | $91.1M | — | ||
| Q3 25 | $70.7M | $1.1B | ||
| Q2 25 | $107.4M | $1.2B | ||
| Q1 25 | $61.5M | $1.2B | ||
| Q3 24 | $89.7M | — | ||
| Q2 24 | $52.9M | $1.9B | ||
| Q1 24 | — | $2.1B |
总债务FUNWB
| Q1 26 | — | — | ||
| Q4 25 | $5.2B | — | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $5.3B | — | ||
| Q1 25 | $5.0B | — | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | — | — |
股东权益FUNWB
| Q1 26 | $279.2M | — | ||
| Q4 25 | $549.8M | — | ||
| Q3 25 | $614.3M | $3.9B | ||
| Q2 25 | $1.8B | $3.6B | ||
| Q1 25 | $1.8B | $3.5B | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | — | $3.4B | ||
| Q1 24 | — | $3.3B |
总资产FUNWB
| Q1 26 | $7.7B | — | ||
| Q4 25 | $7.8B | — | ||
| Q3 25 | $7.9B | $6.9B | ||
| Q2 25 | $9.5B | $6.5B | ||
| Q1 25 | $9.2B | $6.7B | ||
| Q3 24 | $9.4B | — | ||
| Q2 24 | $2.3B | $7.1B | ||
| Q1 24 | — | $7.3B |
负债/权益比FUNWB
| Q1 26 | — | — | ||
| Q4 25 | 9.40× | — | ||
| Q3 25 | 8.16× | — | ||
| Q2 25 | 2.97× | — | ||
| Q1 25 | 2.75× | — | ||
| Q3 24 | 1.95× | — | ||
| Q2 24 | — | — | ||
| Q1 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% |
WB
| Income from operations | $373.2M | 29% |
| Shares used in computing diluted net income per share attributable to Weibos shareholders | $268.1M | 21% |
| Shares used in computing basic net income per share attributable to Weibos shareholders | $238.6M | 19% |
| Value-added services | $186.1M | 14% |
| Less: Income tax expenses | $113.2M | 9% |
| Investment related income, net | $45.0M | 4% |
| Product development | $16.7M | 1% |
| General and administrative | $10.6M | 1% |
| Sales and marketing | $7.1M | 1% |
| Accretion to redeemable non-controlling interests | $3.0M | 0% |
