Six Flags vs OneSpaWorld
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The short version
- Six Flags is the larger business, with $3.1B of revenue in fiscal 2025 against $961M for OneSpaWorld, about 3.2 times as much.
- Six Flags grew revenue faster (14.5%, against 7.4%).
- OneSpaWorld kept more of each dollar of sales as operating profit (8.5% operating margin, against −44.4%).
- OneSpaWorld turned more of its sales into free cash flow (7.1% FCF margin, against −4.9%).
- OneSpaWorld earned a higher return on the capital invested in it (12.7%, against −17.7%).
| Latest fiscal year | FUN · FY25 | OSW · FY25 |
|---|---|---|
| Size | ||
| Market cap | $689M | $2.4B |
| Revenue | $3.1B | $961M |
| Free cash flow | −$152M | $68.5M |
| Net income | −$1.6B | $71.6M |
| Growth | ||
| Revenue growth | 14.5% | 7.4% |
| 5-year growth | 76.4% | 51.4% |
| Share count change | 33.8% | −1.2% |
| Profitability | ||
| Gross margin | 91.3% | — |
| Operating margin | −44.4% | 8.5% |
| Net margin | −51.6% | 7.5% |
| FCF margin | −4.9% | 7.1% |
| Return on capital | −17.7% | 12.7% |
| Return on equity | −123.4% | 13.1% |
| Balance sheet | ||
| Net debt | $5.1B | $67.7M |
| Net debt / EBITDA | — | 0.6x |
| Dividends and buybacks | $0.0M | $92.9M |
| Valuation & quality | ||
| P/E | — | 30.2x |
| Piotroski F-score | 4 | 6 |
Revenue
FY16
FUN $1.3B
OSW —
FY17
FUN $1.3B
OSW $507M
FY18
FUN $1.3B
OSW $541M
FY19
FUN $1.5B
OSW —
FY20
FUN $182M
OSW $121M
FY21
FUN $1.3B
OSW $144M
FY22
FUN $1.8B
OSW $546M
FY23
FUN $1.8B
OSW $794M
FY24
FUN $2.7B
OSW $895M
FY25
FUN $3.1B
OSW $961M
FUN
OSW
Operating margin
FY16
FUN 24.6%
OSW —
FY17
FUN 22.3%
OSW 7.6%
FY18
FUN 21.5%
OSW 9.0%
FY19
FUN 21.0%
OSW —
FY20
FUN −315.1%
OSW −219.2%
FY21
FUN 11.1%
OSW −36.1%
FY22
FUN 28.6%
OSW 2.8%
FY23
FUN 17.0%
OSW 6.8%
FY24
FUN 11.5%
OSW 8.7%
FY25
FUN −44.4%
OSW 8.5%
FUN
OSW
Free cash flow
FY16
FUN $198M
OSW —
FY17
FUN $143M
OSW $67.4M
FY18
FUN $161M
OSW $27.4M
FY19
FUN $72.4M
OSW —
FY20
FUN −$546M
OSW −$38.7M
FY21
FUN $142M
OSW −$38.0M
FY22
FUN $224M
OSW $19.9M
FY23
FUN $105M
OSW $58.0M
FY24
FUN $52.6M
OSW $72.1M
FY25
FUN −$152M
OSW $68.5M
FUN
OSW
Return on capital
FY16
FUN 15.8%
OSW —
FY17
FUN 20.2%
OSW —
FY18
FUN 14.8%
OSW —
FY19
FUN 14.0%
OSW —
FY20
FUN −23.4%
OSW —
FY21
FUN 6.4%
OSW −8.2%
FY22
FUN 25.8%
OSW 2.9%
FY23
FUN 13.8%
OSW 7.7%
FY24
FUN 3.7%
OSW 12.8%
FY25
FUN −17.7%
OSW 12.7%
FUN
OSW
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.