Six Flags
FUN NYSE Leisure Facilities 金融 FY2016–FY2025
Six Flags' revenue rose 14.4% to $3.1 billion in fiscal 2025. Its operating margin was −44.4%, down from 11.5% a year earlier. Free cash flow was −$152 million, against $53 million a year earlier. The diluted share count rose 33.8%.
关于这些数据。 Write-downs in 2025 made Six Flags' EBITDA negative, so net debt to EBITDA is left blank that year. Earnings per share for 2023 is per Cedar Fair partnership unit (each unit became one Six Flags share in the merger); Cedar Fair's per-unit figures for earlier years aren't in the SEC's structured data.
Six Flags 的业务
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. and DC Comics animated characters and the Peanuts characters in its parks. It competes for people's spending with other amusement parks and with other entertainment, such as movies, sporting events, restaurants and vacation travel.
The company brings together the former Cedar Fair and Six Flags businesses, which merged. As of December 31, 2025, it employed approximately 4,225 full-time employees, a reduction of approximately 15% from the combined number a year earlier after post-merger efficiency efforts. In 2025 it also employed approximately 91,000 seasonal and part-time employees, many of them high school and college students.
- 法定名称
- Six Flags Entertainment Corporation/NEW
- 财年结束日
- 2025年12月31日
- 最新年报
- 10-K · 2026年2月26日
- 登记号 · CIK
- 0001999001-26-000048
0001999001
营收与利润率
Six Flags 在 2025 财年 营收为 $3.1B，同比增长 14.5%。
净利润与每股收益
亏损期间以红色显示。
资本回报率
税后营业利润占投入业务资金(债务加股东权益减现金)的比例。
现金流
2025 财年 的自由现金流为 −$152M，占营收的 −4.9%。 经营现金流减资本支出。
股息、回购与股数
Six Flags 在 2025 财年 向股东返还 $0.0M。 稀释股数增加 33.8%。
自己评估 Six Flags
调整假设，查看对应的每股价值。这些是模型，不是预测或目标价，结果完全取决于你的输入。
现金流折现
每股价值
—
加上净现金 −$5.1B，再除以 100.7M 稀释股数。十年现金流加终值，折现至今天。
资产负债表
现金、债务以及显示 Six Flags 承担债务能力的指标。
| 财年末 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| 现金及短期投资 | $61.1M | $101M | $65.5M | $83.2M | $91.1M |
| 债务(含融资租赁) | $2.5B | $2.3B | $2.3B | $4.7B | $5.2B |
| 净债务 / EBITDA | 8.3x | 3.2x | 4.8x | 7.4x | — |
| 债务 / 股东权益 | — | — | — | 2.3x | 9.4x |
| 利息保障倍数 | 0.8x | 3.4x | 2.2x | 1.3x | −4.1x |
| 流动比率 | 0.7x | 0.6x | 0.5x | 0.4x | 0.7x |
| 速动比率 | 0.6x | 0.5x | 0.4x | 0.4x | 0.6x |
| 总资产 | $2.3B | $2.2B | $2.2B | $9.1B | $7.8B |
| 总负债 | $3.0B | $2.8B | $2.8B | $7.1B | $7.2B |
| 股东权益 | −$699M | −$592M | −$583M | $2.0B | $550M |
| 净债务 (− = 净现金) | $2.5B | $2.2B | $2.2B | $4.6B | $5.1B |
内部人交易
高管、董事和持股超过 10% 的股东在公开市场的买卖，数据来自 Form 4 申报。“计划”表示依据事先制定的 Rule 10b5-1 计划进行的交易。
买入(12 个月)
$6.4M
4 名内部人士
卖出(12 个月)
$0.0M
0 名内部人士
卖出中按计划执行的比例
—
$0.0M
| 日期 | 内部人士 | 交易 | 股数 | 股价 | 金额 | 文件 |
|---|---|---|---|---|---|---|
| 2026年8月12日 | John T ReillyPresident & CEO, Director | 买入 计划 | 15,713 | $15.80 | $0.2M | Form 4 |
| 2026年6月15日 | Rehan JafferDirector | 买入 | 125,000 | $23.41 | $2.9M | Form 4 |
| 2026年6月12日 | Rehan JafferDirector | 买入 | 125,000 | $23.69 | $3.0M | Form 4 |
| 2026年5月21日 | Marilyn G SpiegelDirector | 买入 | 2,500 | $19.10 | $0.0M | Form 4 |
| 2026年5月12日 | Marilyn G SpiegelDirector | 买入 | 2,500 | $19.13 | $0.0M | Form 4 |
| 2026年5月12日 | Richard M HaddrillExecutive Chair, Director | 买入 | 10,000 | $19.08 | $0.2M | Form 4 |
Piotroski F 分数
关于盈利能力、融资和效率的九项通过/未通过测试。8–9 为强，0–2 为弱。
| 测试项 | FY23 | FY24 | FY25 |
|---|---|---|---|
| 净利润为正 | ✓ | ✕ | ✕ |
| 经营现金流为正 | ✓ | ✓ | ✓ |
| 资产回报率上升 | ✕ | ✕ | ✕ |
| 经营现金流高于净利润 | ✓ | ✓ | ✓ |
| 债务相对资产下降 | ✕ | ✓ | ✓ |
| 流动比率上升 | ✕ | ✕ | ✓ |
| 股数未增加 | — | ✕ | ✕ |
| 毛利率上升 | ✓ | ✓ | ✕ |
| 营收相对资产上升 | ✓ | ✓ | ✕ |
| F 分数 | — / 9 | 5 / 9 | 4 / 9 |
| 应计比率 | −9.0% | −10.6% | −22.8% |
| Altman Z'' | — | 0.09 | −2.02 |
相似公司
各公司最近一个财年的数据。各公司财年结束月份不同，因此期间并不完全一致。
| 公司 | 市值 | 增长 | 营业利润率 | 自由现金流利润率 | ROIC | 市盈率 | F 分数 | |
|---|---|---|---|---|---|---|---|---|
| Six Flags FUN | $689M | 14.5% | −44.4% | −4.9% | −17.7% | — | 4 | |
| Life Time Group LTH | $9.5B | 14.3% | 16.1% | −0.7% | 8.5% | 22.8x | 8 | 比较 → |
| United Parks & Resorts PRKS | $1.4B | −3.6% | 22.0% | 9.8% | 16.1% | 11.8x | 6 | 比较 → |
| Planet Fitness PLNT | — | 12.1% | 29.8% | 19.2% | 18.4% | — | — | 比较 → |
| OneSpaWorld OSW | $2.4B | 7.4% | 8.5% | 7.1% | 12.7% | 30.2x | 6 | 比较 → |
10 年数据
金额单位为 USD。将鼠标悬停在指标名称上可查看定义。
| 财年 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| 利润表 | ||||||||||
| 营收 | $1.3B | $1.3B | $1.3B | $1.5B | $182M | $1.3B | $1.8B | $1.8B | $2.7B | $3.1B |
| 毛利 | — | — | — | — | — | — | $1.7B | $1.6B | $2.5B | $2.8B |
| 营业利润 | $317M | $295M | $291M | $309M | −$572M | $148M | $520M | $306M | $311M | −$1.4B |
| 利息支出 | $83.9M | $85.6M | $85.7M | $100M | $151M | $184M | $152M | $142M | $247M | $335M |
| 税前利润 | $249M | $217M | $161M | $215M | −$728M | −$28.5M | $372M | $173M | $34.2M | −$1.7B |
| 所得税 | $71.4M | $1.1M | $34.7M | $42.8M | −$138M | $20.0M | $64.0M | $48.0M | $241M | −$164M |
| 净利润 | $178M | $216M | $127M | $172M | −$590M | −$48.5M | $308M | $125M | −$231M | −$1.6B |
| 稀释每股收益 | — | — | — | — | — | — | — | $2.42 | −$3.22 | −$15.89 |
| 稀释股数 | — | — | — | — | — | — | — | 0.05B | 0.08B | 0.10B |
| 现金流 | ||||||||||
| 经营现金流 | $358M | $331M | $351M | $403M | −$417M | $201M | $408M | $326M | $373M | $328M |
| 资本支出 | $161M | $188M | $190M | $331M | $129M | $59.2M | $183M | $220M | $321M | $480M |
| 自由现金流 | $198M | $143M | $161M | $72.4M | −$546M | $142M | $224M | $105M | $52.6M | −$152M |
| 折旧与摊销 | $132M | $153M | $156M | $171M | $158M | $149M | $153M | $158M | $318M | $486M |
| 股权激励 | $11.9M | $13.4M | $11.2M | $11.9M | −$0.2M | $15.4M | $20.6M | $22.6M | $63.6M | $63.5M |
| 收购 | $0.0M | $0.0M | $0.0M | $270M | $0.0M | $0.0M | $0.0M | $0.0M | $152M | $0.0M |
| 股票回购 | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $187M | $74.5M | $0.0M | $0.0M |
| 已付股息 | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| 股息与回购 | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $187M | $74.5M | $0.0M | $0.0M |
| 资产负债表 | ||||||||||
| 现金及短期投资 | $123M | $166M | $105M | $182M | $377M | $61.1M | $101M | $65.5M | $83.2M | $91.1M |
| 总债务 | $1.5B | $1.7B | $1.7B | $2.1B | $3.0B | $2.5B | $2.3B | $2.3B | $4.7B | $5.2B |
| 融资租赁负债 | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $2.5M | $0.9M |
| 流动资产 | $196M | $247M | $200M | $294M | $555M | $264M | $244M | $209M | $400M | $473M |
| 流动负债 | $243M | $226M | $235M | $324M | $300M | $382M | $397M | $403M | $927M | $685M |
| 存货 | $26.3M | $29.7M | $30.8M | $32.9M | $47.5M | $32.1M | $45.3M | $41.0M | $71.1M | $68.5M |
| 固定资产净额 | $1.5B | $1.6B | $1.6B | $1.8B | $1.8B | $1.7B | $1.6B | $1.6B | $4.3B | $4.3B |
| 总资产 | $2.0B | $2.1B | $2.0B | $2.6B | $2.7B | $2.3B | $2.2B | $2.2B | $9.1B | $7.8B |
| 总负债 | $2.0B | $2.1B | $2.0B | $2.6B | $3.4B | $3.0B | $2.8B | $2.8B | $7.1B | $7.2B |
| 股东权益 | $60.5M | $82.9M | $32.4M | −$10.0M | −$666M | −$699M | −$592M | −$583M | $2.0B | $550M |
| 利润率 | ||||||||||
| 毛利率 | — | — | — | — | — | — | 91.0% | 91.1% | 91.4% | 91.3% |
| 营业利润率 | 24.6% | 22.3% | 21.5% | 21.0% | −315.1% | 11.1% | 28.6% | 17.0% | 11.5% | −44.4% |
| EBITDA 利润率 | 34.8% | 33.9% | 33.1% | 32.5% | −228.3% | 22.2% | 37.0% | 25.8% | 23.2% | −28.7% |
| 净利率 | 13.8% | 16.3% | 9.4% | 11.7% | −325.1% | −3.6% | 16.9% | 6.9% | −8.5% | −51.6% |
| 自由现金流利润率 | 15.3% | 10.8% | 11.9% | 4.9% | −300.5% | 10.6% | 12.3% | 5.9% | 1.9% | −4.9% |
| 回报率 | ||||||||||
| 资本回报率 | 15.8% | 20.2% | 14.8% | 14.0% | −23.4% | 6.4% | 25.8% | 13.8% | 3.7% | −17.7% |
| 已动用资本回报率 | 18.1% | 16.5% | 16.0% | 15.3% | −24.6% | 6.9% | 27.6% | 16.7% | 6.2% | −18.0% |
| 股本回报率 | — | — | — | — | — | — | — | — | −31.7% | −123.4% |
| 资产回报率 | 9.0% | 10.7% | 6.2% | 7.5% | −22.4% | −1.9% | 13.5% | 5.6% | −4.1% | −18.9% |
| 增长 | ||||||||||
| 营收增长 | 4.3% | 2.6% | 2.0% | 9.4% | −87.7% | 637.1% | 35.8% | −1.0% | 50.6% | 14.5% |
| 净利润增长 | 58.3% | 21.3% | −41.2% | 36.1% | −442.4% | — | — | −59.5% | −285.6% | — |
| 每股收益增长 | — | — | — | — | — | — | — | — | −233.1% | — |
| 自由现金流增长 | 16.2% | −27.7% | 12.5% | −55.0% | −853.8% | — | 57.9% | −53.1% | −50.0% | −389.4% |
| 股数变化 | — | — | — | — | — | — | — | — | 46.1% | 33.8% |
| 财务健康 | ||||||||||
| 净债务 / EBITDA | 3.2x | 3.3x | 3.5x | 4.1x | — | 8.3x | 3.2x | 4.8x | 7.4x | — |
| 债务 / 股东权益 | — | — | — | — | — | — | — | — | 2.3x | 9.4x |
| 利息保障倍数 | 3.8x | 3.5x | 3.4x | 3.1x | −3.8x | 0.8x | 3.4x | 2.2x | 1.3x | −4.1x |
| 流动比率 | 0.8x | 1.1x | 0.9x | 0.9x | 1.9x | 0.7x | 0.6x | 0.5x | 0.4x | 0.7x |
| 速动比率 | 0.7x | 1.0x | 0.7x | 0.8x | 1.7x | 0.6x | 0.5x | 0.4x | 0.4x | 0.6x |
| 资本配置 | ||||||||||
| 资本支出 / 营收 | 12.5% | 14.2% | 14.1% | 22.4% | 71.1% | 4.4% | 10.1% | 12.3% | 11.8% | 15.5% |
| 股权激励 / 营收 | 0.9% | 1.0% | 0.8% | 0.8% | −0.1% | 1.2% | 1.1% | 1.3% | 2.4% | 2.1% |
| 股东回报 / 自由现金流 | 0.0% | 0.0% | 0.0% | 0.0% | — | 0.0% | 83.5% | 70.8% | 0.0% | — |
| 质量评分 | ||||||||||
| Piotroski F 分数 | — | — | — | — | — | — | — | — | 5.0 | 4.0 |
| Altman Z'' | — | — | — | — | — | — | — | — | 0.1 | −2.0 |
| 应计比率 | −9.2% | −5.7% | −11.0% | −10.0% | −6.6% | −10.0% | −4.4% | −9.0% | −10.6% | −22.8% |
来源：SEC EDGAR XBRL 文件 (CIK 0001999001). 数据更新于 2026年10月10日。 第四季度数据为全年减去前九个月。 仅供参考，不构成投资建议。依赖任何数字前，请核对原始文件。