Six Flags
FUN NYSE· Leisure Facilities
Last close · Oct 26, 2026
$7.01
KIRA · Stoqly’s AI analyst, in plain words
- Six Flags had $3.1B of revenue in fiscal 2025, up 14.5% on the year before. Over five years, revenue changed +76.4% a year on average.
- Its operating margin was −44.4%, down 55.8 pts: of every 100 in sales, about −44 is left after running the business.
- Six Flags lost $1.6B in fiscal 2025.
- Free cash flow was −$152M in fiscal 2025, −4.9% of revenue.
- Six Flags returned $0.0M to shareholders in fiscal 2025. The diluted share count rose 33.8%.
- Six Flags owes $5.1B more than it holds in cash.
Market cap
$713M
P/E
—
Revenue
$3.1B
Net income
−$1.6B
Free cash flow
−$152M
Operating margin
−44.4%
Six Flags in 30 seconds · fiscal 2025
Are sales growing?
+14.5%
Yes. Sales grew 14.5% last year.
Does it make a profit?
−51.6%
No. It lost money last year.
Does profit turn into cash?
−4.9%
No. It spent more cash than it brought in.
How healthy are the accounts?
4 / 9
Mixed. It passes 4 of 9 health tests.
What Six Flags does
Six Flags runs amusement parks, water parks and resorts. It says it is North America's largest regional amusement park operator, with 26 amusement parks, 15 separately gated water parks and nine resort properties. Of its 41 amusement and water parks, 37 are in the United States, two are in Mexico and two are in Canada. They include Cedar Point, Knott's Berry Farm, Kings Island, Canada's Wonderland and parks branded Six Flags or Hurricane Harbor. Its most important customers are families and young people ages 12 through 24. Six Flags makes money from park admissions, from food, merchandise and games, from places to stay and from other extra-charge products. The business is seasonal: approximately 70% of its 2025 attendance and revenue came in the second and third quarters. It also manages Six Flags Qiddiya City in Saudi Arabia for fees, without having to invest capital in the park. It holds licenses to use certain Warner Bros.
Biggest risks, in its own words
- Failing to combine the former Six Flags and Cedar Fair businesses successfully or to get the benefits it expected from the merger.
- High fixed costs that can sharply cut profits if fewer people visit than expected.
- Bad or extreme weather keeping visitors away, made worse by the short operating season at most of its parks.
- Accidents or other incidents at its parks that could reduce attendance.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 26, 2026
- Legal name
- Six Flags Entertainment Corporation/NEW
- CIK
- 0001999001
Six Flags · FUN
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $1.3B | $1.8B | $1.8B | $2.7B | $3.1B |
| Revenue growth | 637.1% | 35.8% | −1.0% | 50.6% | 14.5% |
| Gross margin | — | 91.0% | 91.1% | 91.4% | 91.3% |
| Operating margin | 11.1% | 28.6% | 17.0% | 11.5% | −44.4% |
| Net income | −$48.5M | $308M | $125M | −$231M | −$1.6B |
| Net margin | −3.6% | 16.9% | 6.9% | −8.5% | −51.6% |
| Diluted EPS | — | — | $2.42 | −$3.22 | −$15.89 |
| Cash | |||||
| Cash from operations | $201M | $408M | $326M | $373M | $328M |
| Capital expenditure | $59.2M | $183M | $220M | $321M | $480M |
| Free cash flow | $142M | $224M | $105M | $52.6M | −$152M |
| FCF margin | 10.6% | 12.3% | 5.9% | 1.9% | −4.9% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $187M | $74.5M | $0.0M | $0.0M |
| Share count change | — | — | — | 46.1% | 33.8% |
| Debt and strength | |||||
| Cash and short-term investments | $61.1M | $101M | $65.5M | $83.2M | $91.1M |
| Debt incl. finance leases | $2.5B | $2.3B | $2.3B | $4.7B | $5.2B |
| Shareholders' equity | −$699M | −$592M | −$583M | $2.0B | $550M |
| Net debt / EBITDA | 8.3x | 3.2x | 4.8x | 7.4x | — |
| Current ratio | 0.7x | 0.6x | 0.5x | 0.4x | 0.7x |
| Interest coverage | 0.8x | 3.4x | 2.2x | 1.3x | −4.1x |
| Returns and quality | |||||
| Return on capital | 6.4% | 25.8% | 13.8% | 3.7% | −17.7% |
| Return on equity | — | — | — | −31.7% | −123.4% |
| Piotroski F-score | — | — | — | 5 | 4 |
| Altman Z'' | — | — | — | 0.1 | −2.0 |
Insiders bought, 12 months
$6.4M
4 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Six Flags · FUN
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Six Flags FUN | $713M | 14.5% | −44.4% | −4.9% | −17.7% | — | 4 |
| Life Time Group LTH | $10.0B | 14.3% | 16.1% | −0.7% | 8.5% | 23.8x | 8 |
| United Parks & Resorts PRKS | $1.4B | −3.6% | 22.0% | 9.8% | 16.1% | 12.0x | 6 |
| Planet Fitness PLNT | — | 12.1% | 29.8% | 19.2% | 18.4% | — | — |
| OneSpaWorld OSW | $2.5B | 7.4% | 8.5% | 7.1% | 12.7% | 30.4x | 6 |
KIRA
At $7.01 a share, the company is worth $713M.
Six Flags grew sales faster than 4 of its 4 similar companies.
Source: SEC EDGAR XBRL filings (CIK 0001999001). Data updated October 10, 2026. For information only — not investment advice. Check the original filings before relying on any figure.