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六旗（FUN）与W. P. Carey Inc.（WPC）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W. P. Carey Inc.的1.5倍（$650.1M vs $444.5M），W. P. Carey Inc.净利率更高（33.4% vs -14.2%，领先47.6%）
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。
W.P.凯里是一家房地产投资信托企业，主打投资以三净租赁模式租予单一租户的物业。公司注册地位于美国马里兰州，核心办公地点设在纽约市，深耕商业地产投资领域，拥有成熟的运营经验与优质的项目资源。
FUN vs WPC — 直观对比
营收规模更大
FUN
是对方的1.5倍
$444.5M
净利率更高
WPC
高出47.6%
-14.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $650.1M | $444.5M |
| 净利润 | $-92.4M | $148.3M |
| 毛利率 | 91.4% | — |
| 营业利润率 | -3.8% | 34.5% |
| 净利率 | -14.2% | 33.4% |
| 营收同比 | — | 9.4% |
| 净利润同比 | — | 215.4% |
| 每股收益（稀释后） | $-0.93 | — |
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FUNWPC
| Q4 25 | $650.1M | $444.5M | ||
| Q3 25 | $1.3B | $431.3M | ||
| Q2 25 | $930.4M | $430.8M | ||
| Q1 25 | $202.1M | $409.9M | ||
| Q4 24 | — | $406.2M | ||
| Q3 24 | $1.3B | $397.4M | ||
| Q2 24 | $571.6M | $389.7M | ||
| Q1 24 | — | $389.8M |
净利润FUNWPC
| Q4 25 | $-92.4M | $148.3M | ||
| Q3 25 | $-1.2B | $141.0M | ||
| Q2 25 | $-99.6M | $51.2M | ||
| Q1 25 | $-219.7M | $125.8M | ||
| Q4 24 | — | $47.0M | ||
| Q3 24 | $111.0M | $111.7M | ||
| Q2 24 | $55.6M | $142.9M | ||
| Q1 24 | — | $159.2M |
毛利率FUNWPC
| 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% | — | ||
| Q1 24 | — | — |
营业利润率FUNWPC
| Q4 25 | -3.8% | 34.5% | ||
| Q3 25 | -83.7% | 34.7% | ||
| Q2 25 | 8.0% | 15.0% | ||
| Q1 25 | -158.9% | 33.5% | ||
| Q4 24 | — | 13.5% | ||
| Q3 24 | 19.5% | 30.4% | ||
| Q2 24 | 21.6% | 38.3% | ||
| Q1 24 | — | 43.0% |
净利率FUNWPC
| Q4 25 | -14.2% | 33.4% | ||
| Q3 25 | -90.1% | 32.7% | ||
| Q2 25 | -10.7% | 11.9% | ||
| Q1 25 | -108.7% | 30.7% | ||
| Q4 24 | — | 11.6% | ||
| Q3 24 | 8.2% | 28.1% | ||
| Q2 24 | 9.7% | 36.7% | ||
| Q1 24 | — | 40.8% |
每股收益（稀释后）FUNWPC
| Q4 25 | $-0.93 | — | ||
| Q3 25 | $-11.77 | — | ||
| Q2 25 | $-0.99 | — | ||
| Q1 25 | $-2.20 | — | ||
| Q4 24 | — | — | ||
| 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 | $91.1M | $155.3M |
| 总债务越低越好 | $5.2B | $8.7B |
| 股东权益账面价值 | $549.8M | $8.1B |
| 总资产 | $7.8B | $18.0B |
| 负债/权益比越低杠杆越低 | 9.40× | 1.07× |
8季度趋势，按日历期对齐
现金及短期投资FUNWPC
| Q4 25 | $91.1M | $155.3M | ||
| Q3 25 | $70.7M | $249.0M | ||
| Q2 25 | $107.4M | $244.8M | ||
| Q1 25 | $61.5M | $187.8M | ||
| Q4 24 | — | $640.4M | ||
| Q3 24 | $89.7M | $818.2M | ||
| Q2 24 | $52.9M | $1.1B | ||
| Q1 24 | — | $777.0M |
总债务FUNWPC
| Q4 25 | $5.2B | $8.7B | ||
| Q3 25 | $5.0B | $8.7B | ||
| Q2 25 | $5.3B | $8.6B | ||
| Q1 25 | $5.0B | $7.9B | ||
| Q4 24 | — | $8.0B | ||
| Q3 24 | $4.6B | $8.0B | ||
| Q2 24 | $2.3B | $8.1B | ||
| Q1 24 | — | $7.9B |
股东权益FUNWPC
| Q4 25 | $549.8M | $8.1B | ||
| Q3 25 | $614.3M | $8.2B | ||
| Q2 25 | $1.8B | $8.2B | ||
| Q1 25 | $1.8B | $8.4B | ||
| Q4 24 | — | $8.4B | ||
| Q3 24 | $2.3B | $8.6B | ||
| Q2 24 | — | $8.6B | ||
| Q1 24 | — | $8.7B |
总资产FUNWPC
| Q4 25 | $7.8B | $18.0B | ||
| Q3 25 | $7.9B | $18.0B | ||
| Q2 25 | $9.5B | $18.0B | ||
| Q1 25 | $9.2B | $17.3B | ||
| Q4 24 | — | $17.5B | ||
| Q3 24 | $9.4B | $17.6B | ||
| Q2 24 | $2.3B | $17.8B | ||
| Q1 24 | — | $17.6B |
负债/权益比FUNWPC
| Q4 25 | 9.40× | 1.07× | ||
| Q3 25 | 8.16× | 1.06× | ||
| Q2 25 | 2.97× | 1.05× | ||
| Q1 25 | 2.75× | 0.94× | ||
| Q4 24 | — | 0.95× | ||
| Q3 24 | 1.95× | 0.93× | ||
| Q2 24 | — | 0.94× | ||
| Q1 24 | — | 0.91× |
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 | $304.6M |
| 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 | — | 2.05× |
| 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FUNWPC
| Q4 25 | $-37.7M | $304.6M | ||
| Q3 25 | $356.2M | $300.5M | ||
| Q2 25 | $187.0M | $404.0M | ||
| Q1 25 | $-178.0M | $273.2M | ||
| Q4 24 | — | $296.3M | ||
| Q3 24 | $337.4M | $280.2M | ||
| Q2 24 | — | $221.0M | ||
| Q1 24 | — | $1.0B |
自由现金流FUNWPC
| 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FUNWPC
| 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FUNWPC
| 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FUNWPC
| Q4 25 | — | 2.05× | ||
| Q3 25 | — | 2.13× | ||
| Q2 25 | — | 7.89× | ||
| Q1 25 | — | 2.17× | ||
| Q4 24 | — | 6.30× | ||
| Q3 24 | 3.04× | 2.51× | ||
| Q2 24 | — | 1.55× | ||
| Q1 24 | — | 6.50× |
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% |
WPC
暂无分部数据
