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六旗（FUN）与WD 40 CO（WDFC）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WD 40 CO的1.5倍（$225.6M vs $154.4M），WD 40 CO净利率更高（11.3% vs -119.0%，领先130.3%），六旗同比增速更快（11.7% vs 0.6%）
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。
WD-40公司是全球知名的消费及工业维护用品生产商，核心产品为同名多功能防锈润滑剂，同时布局清洁剂、除油剂、特殊润滑产品等品类，业务覆盖全球170余个国家和地区，服务零售、工业、汽车后市场等多个领域。
FUN vs WDFC — 直观对比
营收规模更大
FUN
是对方的1.5倍
$154.4M
营收增速更快
FUN
高出11.1%
0.6%
净利率更高
WDFC
高出130.3%
-119.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $225.6M | $154.4M |
| 净利润 | $-268.6M | $17.5M |
| 毛利率 | — | 56.2% |
| 营业利润率 | — | 15.1% |
| 净利率 | -119.0% | 11.3% |
| 营收同比 | 11.7% | 0.6% |
| 净利润同比 | -22.2% | -7.8% |
| 每股收益（稀释后） | — | $1.28 |
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FUNWDFC
| Q1 26 | $225.6M | — | ||
| Q4 25 | $650.1M | $154.4M | ||
| Q3 25 | $1.3B | $163.5M | ||
| Q2 25 | $930.4M | $156.9M | ||
| Q1 25 | $202.1M | $146.1M | ||
| Q4 24 | — | $153.5M | ||
| Q3 24 | $1.3B | $156.0M | ||
| Q2 24 | $571.6M | $155.0M |
净利润FUNWDFC
| Q1 26 | $-268.6M | — | ||
| Q4 25 | $-92.4M | $17.5M | ||
| Q3 25 | $-1.2B | $21.2M | ||
| Q2 25 | $-99.6M | $21.0M | ||
| Q1 25 | $-219.7M | $29.9M | ||
| Q4 24 | — | $18.9M | ||
| Q3 24 | $111.0M | $16.8M | ||
| Q2 24 | $55.6M | $19.8M |
毛利率FUNWDFC
| Q1 26 | — | — | ||
| Q4 25 | 91.4% | 56.2% | ||
| Q3 25 | 91.6% | 54.7% | ||
| Q2 25 | 91.3% | 56.2% | ||
| Q1 25 | 89.3% | 54.6% | ||
| Q4 24 | — | 54.8% | ||
| Q3 24 | 91.9% | 54.1% | ||
| Q2 24 | 90.7% | 53.1% |
营业利润率FUNWDFC
| Q1 26 | — | — | ||
| Q4 25 | -3.8% | 15.1% | ||
| Q3 25 | -83.7% | 17.1% | ||
| Q2 25 | 8.0% | 17.4% | ||
| Q1 25 | -158.9% | 15.9% | ||
| Q4 24 | — | 16.4% | ||
| Q3 24 | 19.5% | 15.4% | ||
| Q2 24 | 21.6% | 17.5% |
净利率FUNWDFC
| Q1 26 | -119.0% | — | ||
| Q4 25 | -14.2% | 11.3% | ||
| Q3 25 | -90.1% | 13.0% | ||
| Q2 25 | -10.7% | 13.4% | ||
| Q1 25 | -108.7% | 20.4% | ||
| Q4 24 | — | 12.3% | ||
| Q3 24 | 8.2% | 10.8% | ||
| Q2 24 | 9.7% | 12.8% |
每股收益（稀释后）FUNWDFC
| Q1 26 | — | — | ||
| Q4 25 | $-0.93 | $1.28 | ||
| Q3 25 | $-11.77 | $1.57 | ||
| Q2 25 | $-0.99 | $1.54 | ||
| Q1 25 | $-2.20 | $2.19 | ||
| Q4 24 | — | $1.39 | ||
| Q3 24 | $1.10 | $1.23 | ||
| Q2 24 | — | $1.46 |
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 | $48.6M |
| 总债务越低越好 | — | $85.7M |
| 股东权益账面价值 | $279.2M | $264.1M |
| 总资产 | $7.7B | $459.7M |
| 负债/权益比越低杠杆越低 | — | 0.32× |
8季度趋势，按日历期对齐
现金及短期投资FUNWDFC
| Q1 26 | $116.5M | — | ||
| Q4 25 | $91.1M | $48.6M | ||
| Q3 25 | $70.7M | $58.1M | ||
| Q2 25 | $107.4M | $51.7M | ||
| Q1 25 | $61.5M | $53.0M | ||
| Q4 24 | — | $54.9M | ||
| Q3 24 | $89.7M | $46.7M | ||
| Q2 24 | $52.9M | $45.3M |
总债务FUNWDFC
| Q1 26 | — | — | ||
| Q4 25 | $5.2B | $85.7M | ||
| Q3 25 | $5.0B | $86.2M | ||
| Q2 25 | $5.3B | $85.6M | ||
| Q1 25 | $5.0B | $84.4M | ||
| Q4 24 | — | $84.6M | ||
| Q3 24 | $4.6B | $86.0M | ||
| Q2 24 | $2.3B | $85.5M |
股东权益FUNWDFC
| Q1 26 | $279.2M | — | ||
| Q4 25 | $549.8M | $264.1M | ||
| Q3 25 | $614.3M | $268.2M | ||
| Q2 25 | $1.8B | $257.1M | ||
| Q1 25 | $1.8B | $242.1M | ||
| Q4 24 | — | $226.3M | ||
| Q3 24 | $2.3B | $230.5M | ||
| Q2 24 | — | $222.2M |
总资产FUNWDFC
| Q1 26 | $7.7B | — | ||
| Q4 25 | $7.8B | $459.7M | ||
| Q3 25 | $7.9B | $475.8M | ||
| Q2 25 | $9.5B | $456.0M | ||
| Q1 25 | $9.2B | $458.3M | ||
| Q4 24 | — | $447.3M | ||
| Q3 24 | $9.4B | $449.0M | ||
| Q2 24 | $2.3B | $443.6M |
负债/权益比FUNWDFC
| Q1 26 | — | — | ||
| Q4 25 | 9.40× | 0.32× | ||
| Q3 25 | 8.16× | 0.32× | ||
| Q2 25 | 2.97× | 0.33× | ||
| Q1 25 | 2.75× | 0.35× | ||
| Q4 24 | — | 0.37× | ||
| Q3 24 | 1.95× | 0.37× | ||
| Q2 24 | — | 0.38× |
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 | — | $10.0M |
| 自由现金流经营现金流 - 资本支出 | — | $9.1M |
| 自由现金流率自由现金流/营收 | — | 5.9% |
| 资本支出强度资本支出/营收 | — | 0.6% |
| 现金转化率经营现金流/净利润 | — | 0.57× |
| 过去12个月自由现金流最近4个季度 | — | $78.2M |
8季度趋势，按日历期对齐
经营现金流FUNWDFC
| Q1 26 | — | — | ||
| Q4 25 | $-37.7M | $10.0M | ||
| Q3 25 | $356.2M | $29.9M | ||
| Q2 25 | $187.0M | $35.1M | ||
| Q1 25 | $-178.0M | $8.0M | ||
| Q4 24 | — | $14.9M | ||
| Q3 24 | $337.4M | $27.2M | ||
| Q2 24 | — | $19.9M |
自由现金流FUNWDFC
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | $9.1M | ||
| Q3 25 | $256.2M | $28.6M | ||
| Q2 25 | $18.8M | $34.0M | ||
| Q1 25 | $-318.0M | $6.6M | ||
| Q4 24 | — | $14.2M | ||
| Q3 24 | $227.7M | $26.4M | ||
| Q2 24 | — | $18.7M |
自由现金流率FUNWDFC
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | 5.9% | ||
| Q3 25 | 19.4% | 17.5% | ||
| Q2 25 | 2.0% | 21.6% | ||
| Q1 25 | -157.4% | 4.5% | ||
| Q4 24 | — | 9.3% | ||
| Q3 24 | 16.9% | 16.9% | ||
| Q2 24 | — | 12.0% |
资本支出强度FUNWDFC
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | 0.6% | ||
| Q3 25 | 7.6% | 0.8% | ||
| Q2 25 | 18.1% | 0.7% | ||
| Q1 25 | 69.3% | 0.9% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | 8.1% | 0.5% | ||
| Q2 24 | — | 0.8% |
现金转化率FUNWDFC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | 1.41× | ||
| Q2 25 | — | 1.67× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.79× | ||
| Q3 24 | 3.04× | 1.62× | ||
| Q2 24 | — | 1.00× |
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% |
WDFC
| Other | $82.6M | 53% |
| WD40Multi Use Product | $56.0M | 36% |
| WD40Specialist | $9.0M | 6% |
| Other Maintenance Products | $4.0M | 3% |
| Homecare And Cleaning Products | $2.7M | 2% |
