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六旗（FUN）与Clear Secure, Inc.（YOU）财务数据对比。点击上方公司名可切换其他公司
Clear Secure, Inc.的季度营收约是六旗的1.1倍（$240.8M vs $225.6M），Clear Secure, Inc.净利率更高（12.8% vs -119.0%，领先131.8%），Clear Secure, Inc.同比增速更快（16.7% vs 11.7%）
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。
Clear Secure, Inc.是美国一家科技企业，主营生物识别旅行证件核验系统，其服务已覆盖部分大型机场与体育场馆。公司成立于2003年，2009年申请破产后停运，2012年重启运营，最终于2021年成功上市。
FUN vs YOU — 直观对比
营收规模更大
YOU
是对方的1.1倍
$225.6M
营收增速更快
YOU
高出5.1%
11.7%
净利率更高
YOU
高出131.8%
-119.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $225.6M | $240.8M |
| 净利润 | $-268.6M | $30.8M |
| 毛利率 | — | — |
| 营业利润率 | — | 22.4% |
| 净利率 | -119.0% | 12.8% |
| 营收同比 | 11.7% | 16.7% |
| 净利润同比 | -22.2% | -70.2% |
| 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FUNYOU
| Q1 26 | $225.6M | — | ||
| Q4 25 | $650.1M | $240.8M | ||
| Q3 25 | $1.3B | $229.2M | ||
| Q2 25 | $930.4M | $219.5M | ||
| Q1 25 | $202.1M | $211.4M | ||
| Q4 24 | — | $206.3M | ||
| Q3 24 | $1.3B | $198.4M | ||
| Q2 24 | $571.6M | $186.7M |
净利润FUNYOU
| Q1 26 | $-268.6M | — | ||
| Q4 25 | $-92.4M | $30.8M | ||
| Q3 25 | $-1.2B | $28.3M | ||
| Q2 25 | $-99.6M | $24.7M | ||
| Q1 25 | $-219.7M | $25.4M | ||
| Q4 24 | — | $103.3M | ||
| Q3 24 | $111.0M | $23.5M | ||
| Q2 24 | $55.6M | $24.1M |
毛利率FUNYOU
| 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FUNYOU
| Q1 26 | — | — | ||
| Q4 25 | -3.8% | 22.4% | ||
| Q3 25 | -83.7% | 23.0% | ||
| Q2 25 | 8.0% | 19.4% | ||
| Q1 25 | -158.9% | 17.7% | ||
| Q4 24 | — | 16.5% | ||
| Q3 24 | 19.5% | 17.7% | ||
| Q2 24 | 21.6% | 16.2% |
净利率FUNYOU
| Q1 26 | -119.0% | — | ||
| Q4 25 | -14.2% | 12.8% | ||
| Q3 25 | -90.1% | 12.3% | ||
| Q2 25 | -10.7% | 11.3% | ||
| Q1 25 | -108.7% | 12.0% | ||
| Q4 24 | — | 50.1% | ||
| Q3 24 | 8.2% | 11.8% | ||
| Q2 24 | 9.7% | 12.9% |
每股收益（稀释后）FUNYOU
| Q1 26 | — | — | ||
| Q4 25 | $-0.93 | — | ||
| Q3 25 | $-11.77 | — | ||
| Q2 25 | $-0.99 | — | ||
| Q1 25 | $-2.20 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $1.10 | — | ||
| Q2 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 | $85.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $279.2M | $177.7M |
| 总资产 | $7.7B | $1.3B |
| 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FUNYOU
| Q1 26 | $116.5M | — | ||
| Q4 25 | $91.1M | $85.7M | ||
| Q3 25 | $70.7M | $75.8M | ||
| Q2 25 | $107.4M | $89.3M | ||
| Q1 25 | $61.5M | $87.6M | ||
| Q4 24 | — | $66.9M | ||
| Q3 24 | $89.7M | $32.9M | ||
| Q2 24 | $52.9M | $39.1M |
总债务FUNYOU
| Q1 26 | — | — | ||
| Q4 25 | $5.2B | — | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $5.3B | — | ||
| Q1 25 | $5.0B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $2.3B | — |
股东权益FUNYOU
| Q1 26 | $279.2M | — | ||
| Q4 25 | $549.8M | $177.7M | ||
| Q3 25 | $614.3M | $148.6M | ||
| Q2 25 | $1.8B | $121.3M | ||
| Q1 25 | $1.8B | $116.7M | ||
| Q4 24 | — | $198.4M | ||
| Q3 24 | $2.3B | $129.0M | ||
| Q2 24 | — | $153.5M |
总资产FUNYOU
| Q1 26 | $7.7B | — | ||
| Q4 25 | $7.8B | $1.3B | ||
| Q3 25 | $7.9B | $1.1B | ||
| Q2 25 | $9.5B | $1.2B | ||
| Q1 25 | $9.2B | $1.1B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $9.4B | $858.6M | ||
| Q2 24 | $2.3B | $982.4M |
负债/权益比FUNYOU
| Q1 26 | — | — | ||
| Q4 25 | 9.40× | — | ||
| Q3 25 | 8.16× | — | ||
| Q2 25 | 2.97× | — | ||
| Q1 25 | 2.75× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.95× | — | ||
| 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 | — | $198.4M |
| 自由现金流经营现金流 - 资本支出 | — | $187.4M |
| 自由现金流率自由现金流/营收 | — | 77.8% |
| 资本支出强度资本支出/营收 | — | 4.6% |
| 现金转化率经营现金流/净利润 | — | 6.45× |
| 过去12个月自由现金流最近4个季度 | — | $343.1M |
8季度趋势，按日历期对齐
经营现金流FUNYOU
| Q1 26 | — | — | ||
| Q4 25 | $-37.7M | $198.4M | ||
| Q3 25 | $356.2M | $-47.3M | ||
| Q2 25 | $187.0M | $123.0M | ||
| Q1 25 | $-178.0M | $98.3M | ||
| Q4 24 | — | $136.6M | ||
| Q3 24 | $337.4M | $-35.9M | ||
| Q2 24 | — | $114.6M |
自由现金流FUNYOU
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | $187.4M | ||
| Q3 25 | $256.2M | $-53.5M | ||
| Q2 25 | $18.8M | $117.9M | ||
| Q1 25 | $-318.0M | $91.3M | ||
| Q4 24 | — | $133.9M | ||
| Q3 24 | $227.7M | $-37.9M | ||
| Q2 24 | — | $110.1M |
自由现金流率FUNYOU
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | 77.8% | ||
| Q3 25 | 19.4% | -23.3% | ||
| Q2 25 | 2.0% | 53.7% | ||
| Q1 25 | -157.4% | 43.2% | ||
| Q4 24 | — | 64.9% | ||
| Q3 24 | 16.9% | -19.1% | ||
| Q2 24 | — | 59.0% |
资本支出强度FUNYOU
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | 4.6% | ||
| Q3 25 | 7.6% | 2.7% | ||
| Q2 25 | 18.1% | 2.3% | ||
| Q1 25 | 69.3% | 3.4% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | 8.1% | 1.0% | ||
| Q2 24 | — | 2.4% |
现金转化率FUNYOU
| Q1 26 | — | — | ||
| Q4 25 | — | 6.45× | ||
| Q3 25 | — | -1.67× | ||
| Q2 25 | — | 4.97× | ||
| Q1 25 | — | 3.87× | ||
| Q4 24 | — | 1.32× | ||
| Q3 24 | 3.04× | -1.53× | ||
| Q2 24 | — | 4.75× |
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% |
YOU
暂无分部数据
