Six Flags Entertainment Corp. (FUN) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$0.33	-$1.41	-527.3%	—	—	—
Q3 26	-$0.23	-$0.58	-152.2%	—	—	—
Q2 26	$2.09	$3.07	+46.9%	—	—	—
Q1 26	$0.78	-$0.7	-189.7%	—	—	—
Q4 25	-$2.46	-$2.04	+17.1%	—	—	—
Q3 25	$0.4	-$2.75	-787.5%	—	—	—
Q2 25	$3.44	$2.13	-38.1%	—	—	—
Q1 25	$1.07	$1.72	+60.7%	—	—	—
Q4 24	-$2.46	-$2.43	+1.2%	—	—	—
Q3 24	$0.25	$0.16	-36.0%	—	—	—
Q2 24	$3.75	$4.21	+12.3%	—	—	—
Q1 24	$1.06	$1.04	-1.9%	—	—	—
Q4 23	-$1.83	-$2.61	-42.6%	—	—	—
Q3 23	-$0.17	$0.26	+252.9%	—	—	—
Q2 23	$3.87	$5.86	+51.4%	—	—	—
Q1 23	$1.43	$0.89	-37.8%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$15.7	—	—	$3.1B	—
FY24	—	-$2.3	—	—	$2.7B	—
FY23	—	$2.45	—	—	$1.8B	—
FY22	—	$5.51	—	—	$1.8B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.3B	$1.3B	$1.3B	$1.5B	$181.6M	$1.3B	$1.8B	$1.8B	$2.7B	$3.1B
YoY change	+4.28%	+2.58%	+2.01%	+9.37%	-87.7%	+637.1%	+35.8%	-1.03%	+50.6%	+14.4%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.3B	1.3B	1.3B	1.5B	181.6M	1.3B	1.8B	1.8B	2.7B	3.1B
Cost of revenue	106.6M	110.8M	114.7M	126.3M	28M	112.5M	164.2M	159.8M	232.6M	269.7M
Gross profit	1.2B	1.2B	1.2B	1.3B	153.6M	1.2B	1.7B	1.6B	2.5B	2.8B
Gross margin	91.7%	91.6%	91.5%	91.4%	84.6%	91.6%	91%	91.1%	91.4%	91.3%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	181.8M	193.8M	193.3M	222.3M	108.1M	219.8M	260.6M	296.5M	411.2M	439.4M
Operating expenses	720.7M	751.9M	777.7M	864.5M	455.9M	918M	1.1B	1.2B	1.8B	2.2B
Operating income	329.5M	306.1M	300.6M	313.8M	-459.9M	158.9M	375M	324.2M	371M	184.6M
Operating margin	25.6%	23.2%	22.3%	21.3%	-253.3%	11.9%	20.6%	18%	13.7%	5.95%
Non-operating income, net	3.4M	-3.9M	-53.5M	1.8M	-117.6M	-3.4M	148.6M	-9.9M	-102.1M	-1.5B
Pretax income	249.1M	216.6M	161.4M	215.2M	-728.2M	-28.5M	371.7M	172.6M	34.2M	-1.7B
Income tax	71.4M	1.1M	34.7M	42.8M	-137.9M	20M	64M	48M	240.8M	-164M
Net income	177.7M	215.5M	126.7M	172.4M	-590.2M	-48.5M	307.7M	124.6M	-206.7M	-1.5B
Net margin	13.8%	16.3%	9.39%	11.7%	-325.1%	-3.63%	16.9%	6.93%	-7.63%	-50%
EBITDA	461.6M	460.3M	457.4M	485.7M	-301.9M	308.1M	531.8M	484.9M	655.6M	692.5M
EPS	3.18	3.84	2.25	3.06	-10.4	-0.86	5.51	2.45	-2.3	-15.7
Diluted EPS	3.14	3.79	2.23	3.03	-10.4	-0.86	5.45	2.42	-2.3	-15.7

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	842M	371.1M	101.6M	571.6M	1.3B	687.3M	202.1M	930.4M	1.3B	650.1M	225.6M	864.9M
Cost of revenue	70.1M	30.7M	11.6M	53.3M	109.9M	57.8M	21.6M	80.8M	111.2M	56.1M	21.3M	75.3M
Gross profit	771.9M	340.4M	90M	518.4M	1.2B	629.5M	180.5M	849.6M	1.2B	594M	204.3M	789.6M
Gross margin	91.7%	91.7%	88.6%	90.7%	91.9%	91.6%	89.3%	91.3%	91.6%	91.4%	90.6%	91.3%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	95.9M	87.1M	61.4M	93M	209.3M	88.6M	90.8M	129.8M	111.8M	107M	73.3M	130.7M
Operating expenses	397.4M	276M	203.4M	334M	784.3M	465.5M	390.3M	629.9M	661.2M	478.3M	340.2M	569.5M
Operating income	308.6M	34.1M	-123.7M	127.3M	309.6M	57.7M	-312.1M	85M	417.3M	-5.6M	-243.2M	112.4M
Operating margin	36.7%	9.19%	-121.7%	22.3%	23%	8.4%	-154.5%	9.14%	31.7%	-0.87%	-107.8%	13%
Non-operating income, net	-6.4M	-109K	-7.5M	-11.5M	-49.1M	-33.4M	-7.3M	8.9M	-1.5B	-12.7M	-78.8M	-30.4M
Pretax income	266.2M	-2.2M	-165.9M	75.8M	178.8M	-54.5M	-406.5M	1.5M	-1.2B	-107.8M	-417M	-20.1M
Income tax	50.7M	7.8M	-32.4M	20.2M	43.3M	209.7M	-186.8M	76.3M	-38M	-15.5M	-148.4M	157.4M
Net income	215.5M	-10M	-133.5M	55.6M	135.5M	-264.2M	-219.7M	-74.8M	-1.2B	-92.4M	-268.6M	-177.5M
Net margin	25.6%	-2.68%	-131.3%	9.72%	10%	-38.4%	-108.7%	-8.04%	-88.2%	-14.2%	-119%	-20.5%
EBITDA	375.3M	65.7M	-113M	184.7M	454.3M	137.2M	-208.2M	239M	539.4M	122.2M	-141.6M	213.5M
EPS	4.25	-0.2	-2.63	1.09	1.11	-2.63	-2.17	-0.99	-11.7	-0.91	-2.63	-1.98
Diluted EPS	4.21	-0.2	-2.63	1.08	1.1	-2.63	-2.2	-0.99	-11.8	-0.91	-2.63	-1.98

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	3.6B	3.6B	2.7B	3.1B	2.2B	2.8B	2.3B	2B	—	1.6B	1.2B
Enterprise value	5B	5.1B	4.2B	5.1B	4.8B	5.3B	4.6B	4.3B	—	6.9B	6.5B
Shares outstanding	55.9M	56.1M	56.2M	56.3M	56.5M	56.6M	55.8M	50.9M	100.3M	101.7M	101.7M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	20.2	16.9	21	18.1	—	—	7.5	16.3	—	—	18.1
P/S	2.79	2.76	1.97	2.12	12.2	2.12	1.27	1.13	—	0.5	0.39
P/B	59.3	43.9	82	-313.5	-3.33	-4.06	-3.9	-3.48	—	1.99	10.4
EV/EBITDA	10.8	11.2	9.22	10.5	-15.9	17.2	8.57	8.89	—	9.92	8.22
EV/Sales	3.88	3.89	3.13	3.46	26.5	3.96	2.51	2.4	—	2.22	2.13
Earnings yield	4.95%	5.91%	4.76%	5.52%	—	—	13.3%	6.14%	—	—	5.53%
FCF yield	5.49%	3.93%	6.05%	2.32%	-24.6%	5.01%	9.72%	5.19%	—	-9.76%	40.9%
PEG	—	—	—	—	—	—	—	—	—	—	0.18

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	91.7%	91.6%	91.5%	91.4%	84.6%	91.6%	91%	91.1%	91.4%	91.3%	91.3%
Operating margin	25.6%	23.2%	22.3%	21.3%	-253.3%	11.9%	20.6%	18%	13.7%	5.95%	13%
Net margin	13.8%	16.3%	9.39%	11.7%	-325.1%	-3.63%	16.9%	6.93%	-7.63%	-50%	-57.3%
ROE	293.6%	259.8%	390.7%	-1.7K%	88.6%	6.95%	-52%	-21.4%	-9.05%	-197.4%	-143.2%
ROA	9.01%	10.4%	6.26%	6.68%	-21.9%	-2.1%	13.8%	5.56%	-2.26%	-19.9%	2.44%
ROIC	15.9%	19.3%	14.8%	12.7%	-23.9%	8.97%	18.7%	13.8%	0%	3.03%	5.22%
Return on tangible assets	11.6%	13.3%	7.95%	9.89%	-28.7%	-2.89%	19.1%	7.72%	-27.9%	-70.1%	-89%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.81	1.1	0.85	0.91	1.85	0.69	0.61	0.52	0.43	0.69	0.42
Quick ratio	0.7	0.96	0.72	0.81	1.69	0.61	0.5	0.41	0.35	0.59	0.36
Debt / equity	25.4	20	51.3	-217.1	-4.45	-3.63	-3.97	-4.03	2.26	6.88	14.6
Debt / assets	0.78	0.8	0.82	0.84	1.1	1.09	1.05	1.05	0.57	0.69	0.69
Net debt / EBITDA	3.06	3.25	3.41	4.08	-8.57	8.02	4.23	4.71	7.75	7.67	6.85
Interest coverage	3.97	3.53	2.88	3.14	-3.83	0.85	3.45	2.22	1.15	-3.76	-3.62
Effective tax rate	28.7%	0.51%	21.5%	19.9%	0%	0%	17.2%	27.8%	100%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	23	23.6	24	26.2	3.21	23.6	32.6	35.3	27	30.5	30.2
EPS (basic)	3.18	3.84	2.25	3.06	-10.4	-0.86	5.51	2.45	-2.3	-15.7	-15.7
EPS (diluted)	3.14	3.79	2.23	3.03	-10.4	-0.86	5.45	2.42	-2.3	-15.7	-17.4
Book value per share	1.08	1.48	0.58	-0.18	-11.8	-12.3	-10.6	-11.4	22.8	7.72	1.12
FCF per share	3.52	2.55	2.86	1.28	-9.66	2.51	4.02	2.07	0.52	-1.5	1.47
Cash per share	2.19	2.97	1.87	3.23	6.67	1.08	1.81	1.29	0.83	0.9	1.32
Capex per share	—	—	—	—	0	0	5.55	0	0	4.72	3.14

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	0%	0%	17.1%	0%	0%	15.5%	10.5%
Capex / operating cash flow	—	—	—	—	0%	0%	54.6%	0%	0%	146.5%	68.1%
Payout ratio	105.3%	90.4%	160.4%	121.8%	-8.98%	0%	10.9%	49.1%	-14.9%	0%	0%
Dividend yield	5.21%	5.35%	7.64%	6.72%	2.39%	0%	1.45%	3.01%	—	0%	5.2%

Yield

5.2%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.30

ex-dividend Jun 5, 2024

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jun 5, 2024	$0.30
Mar 5, 2024	$0.30
Dec 5, 2023	$0.30

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$842M	$371.1M	$101.6M	$571.6M	$1.3B	$687.3M	$202.1M	$930.4M	$1.3B	$650.1M	$225.6M	$864.9M
YoY change	-0.13%	+1.4%	+20.2%	+14.1%	+60.1%	+85.2%	+98.8%	+62.8%	-2.27%	-5.42%	+11.7%	-7.04%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	122.7M	166.2M	105.3M	182.3M	376.7M	61.1M	101.2M	65.5M	83.2M	91.1M
Receivables	35.4M	37.7M	51.5M	63.1M	34.4M	62.1M	70.9M	79.5M	164.9M	160.3M
Inventory	26.3M	29.7M	30.8M	32.9M	47.5M	32.1M	45.3M	44.1M	71.1M	68.5M
Total current assets	195.7M	247M	200.2M	294.2M	554.5M	263.6M	243.8M	208.8M	399.9M	472.9M
Property, plant & equipment	2.5B	2.6B	2.7B	2.9B	2.9B	2.9B	2.8B	2.9B	3B	3B
Goodwill & intangibles	435M	443.8M	430.2M	839.1M	634.5M	634.5M	624.3M	627.4M	8.4B	5.6B
Total assets	2B	2.1B	2B	2.6B	2.7B	2.3B	2.2B	2.2B	9.1B	7.8B
Accounts payable	20.9M	24.6M	23.3M	29.3M	14.3M	53.9M	55M	37.6M	107.1M	74.2M
Short-term debt	2.8M	—	5.6M	7.5M	—	—	—	—	210M	15M
Total current liabilities	242.7M	225.5M	234.7M	324.1M	300M	381.5M	397M	402.7M	926.7M	685.1M
Long-term debt	1.5B	1.7B	1.7B	2.2B	3B	2.5B	2.3B	2.3B	5B	5.4B
Total liabilities	1.9B	2B	2B	2.6B	3.4B	3B	2.8B	2.8B	6.8B	7B
Shareholders' equity	60.5M	82.9M	32.4M	-10M	-666.4M	-698.5M	-591.6M	-583M	2.3B	784.8M
Total debt	1.5B	1.7B	1.7B	2.2B	3B	2.5B	2.3B	2.3B	5.2B	5.4B
Net debt	1.4B	1.5B	1.6B	2B	2.6B	2.5B	2.2B	2.3B	5.1B	5.3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	134.4M	65.5M	35.1M	52.9M	89.7M	83.2M	61.5M	107.4M	70.7M	91.1M	116.5M	134.5M
Receivables	88.3M	79.5M	61.5M	114.6M	201.7M	164.9M	146.1M	220.4M	280.9M	160.3M	129.9M	168.8M
Inventory	54.9M	44.1M	55.9M	61.5M	89.8M	71.1M	84.6M	99.1M	84.9M	68.5M	71.5M	80.1M
Total current assets	305.3M	208.8M	190.2M	271.4M	457M	399.9M	379.3M	513.3M	500.6M	472.9M	830.8M	550.2M
Property, plant & equipment	2.8B	2.9B	773.3M	731.5M	3.6B	3B	3.1B	3.1B	3B	3B	2.7B	2.7B
Goodwill & intangibles	624.9M	627.4M	624M	622.3M	7.4B	8.4B	8.4B	8.6B	5.6B	5.6B	5.5B	5.5B
Total assets	2.3B	2.2B	2.3B	2.3B	9.4B	9.1B	9.2B	9.5B	7.9B	7.8B	7.7B	7.4B
Accounts payable	56.1M	37.6M	52.8M	84.1M	120.4M	107.1M	128.9M	160.9M	117.6M	74.2M	115.2M	173.2M
Short-term debt	—	—	—	10M	210M	210M	210M	15M	15M	15M	15M	15M
Total current liabilities	446.5M	402.7M	424.3M	539.9M	1.1B	926.7M	1B	992M	860.3M	685.1M	1.2B	1.3B
Long-term debt	2.3B	2.3B	2.5B	2.4B	4.8B	5B	5.3B	5.5B	5.2B	5.4B	5.5B	5.1B
Total liabilities	2.9B	2.8B	3B	3B	6.5B	6.8B	7.1B	7.4B	7B	7B	7.2B	7.1B
Shareholders' equity	-565.8M	-583M	-730.9M	-682.1M	2.9B	2.3B	2.1B	2B	861.6M	784.8M	514.3M	354.4M
Total debt	2.3B	2.3B	2.5B	2.4B	5B	5.2B	5.5B	5.5B	5.2B	5.4B	5.5B	5.2B
Net debt	2.2B	2.3B	2.5B	2.4B	4.9B	5.1B	5.4B	5.4B	5.2B	5.3B	5.4B	5B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	177.7M	215.5M	126.7M	172.4M	-590.2M	-48.5M	307.7M	124.6M	-206.7M	-1.5B
Depreciation & amortization	131.9M	153.2M	155.5M	170.5M	157.5M	148.8M	153.3M	158M	318.1M	486.4M
Stock-based compensation	11.9M	13.4M	11.2M	11.9M	-209K	15.4M	20.6M	22.6M	63.6M	63.5M
Change in working capital	5M	4.5M	-9M	26.2M	-76.6M	17.6M	64.9M	26M	-75.1M	-27.8M
Operating cash flow	350.4M	364.4M	311.8M	384.7M	-536.9M	181.2M	567.7M	347.2M	328.4M	327.5M
Capital expenditure	—	—	—	—	0	0	310M	0	0	-479.7M
Investing cash flow	0	3.3M	224K	-268.9M	8.3M	1.4M	310M	0	-151.8M	-479.7M
Dividends paid	-187.2M	-194.8M	-203.2M	-210M	-53M	0	-33.5M	-61.1M	-30.8M	0
Share repurchases	—	—	—	—	0	0	-184.6M	-77.3M	0	0
Financing cash flow	-194.5M	-106.5M	-216.6M	270.5M	730.9M	-466.4M	-489.6M	-143M	118M	155.4M
Net change in cash	155.9M	261.2M	95.5M	386.3M	202.2M	-283.8M	388.2M	204.2M	294.6M	3.2M
Free cash flow	197.1M	143M	160.9M	72.4M	-545.6M	142M	224.3M	105.3M	52.6M	-152.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	215.5M	-10M	-133.5M	55.6M	135.5M	-264.2M	-219.7M	-74.8M	-1.2B	-92.4M	-268.6M	-177.5M
Depreciation & amortization	65.9M	30.3M	10.3M	57M	144.6M	106.2M	102.3M	134.6M	128.1M	121.4M	107.3M	107.8M
Stock-based compensation	8.2M	6.8M	5.3M	9.1M	38.9M	10.2M	17.1M	8.9M	15M	22.6M	3.8M	19.6M
Change in working capital	-14.8M	-12.8M	9.2M	62.5M	-95.4M	-51.4M	75.9M	50M	-138.7M	-15M	113.1M	65.2M
Operating cash flow	279.5M	17.2M	-111.1M	196.9M	217M	25.7M	-200.2M	187M	356.2M	-37.7M	-83.2M	235.9M
Capital expenditure	—	0	—	—	—	—	—	-168.1M	-100M	-71.6M	-54M	-95.5M
Investing cash flow	—	0	—	—	—	-712K	—	-168.1M	-100M	-71.6M	-54M	-95.5M
Dividends paid	-15.3M	-14.8M	-15.3M	-15.5M	0	0	0	0	0	0	—	—
Share repurchases	-12M	-2.7M	0	0	0	0	—	—	—	—	—	—
Financing cash flow	-27.5M	-16.4M	137.9M	899.5M	-38.6M	119.1M	296.4M	229.8M	-291.1M	122.8M	163.7M	804M
Net change in cash	252M	734K	26.8M	1.1B	178.4M	144.1M	96.3M	248.7M	-34.9M	13.5M	26.6M	944.4M
Free cash flow	271.8M	-55.2M	-167.7M	118.4M	227.7M	-125.8M	-318M	18.8M	256.2M	-109.3M	-137.1M	140.3M

Six Flags Entertainment Corp. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history