Six Flags Entertainment Corporation Financials

FUN

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Six Flags Entertainment Corporation (FUN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 15/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Six Flags Entertainment Corporation has an operating margin of -44.4%, meaning the company retains $-44 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 11.5% the prior year.

Growth

Six Flags Entertainment Corporation's revenue grew 14.4% year-over-year to $3.1B, a solid pace of expansion. This earns a growth score of 70/100.

Leverage

Six Flags Entertainment Corporation has elevated debt relative to equity (D/E of 9.40), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity

Six Flags Entertainment Corporation's current ratio of 0.69 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 8/100, which could limit financial flexibility.

Cash Flow

While Six Flags Entertainment Corporation generated $327.5M in operating cash flow, capex of $479.7M consumed most of it, leaving -$152.2M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Neutral

4/9

Six Flags Entertainment Corporation passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

-0.20x

For every $1 of reported earnings, Six Flags Entertainment Corporation generates $-0.20 in operating cash flow ($327.5M OCF vs -$1.6B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Revenue

$3.1B

YoY+14.4%

Six Flags Entertainment Corporation generated $3.1B in revenue in fiscal year 2025. This represents an increase of 14.4% from the prior year.

EBITDA

-$888.6M

YoY-241.4%

Six Flags Entertainment Corporation's EBITDA was -$888.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 241.4% from the prior year.

Free Cash Flow

-$152.2M

YoY-389.4%

Six Flags Entertainment Corporation generated -$152.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 389.4% from the prior year.

Net Income

-$1.6B

YoY-591.8%

Six Flags Entertainment Corporation reported -$1.6B in net income in fiscal year 2025. This represents a decrease of 591.8% from the prior year.

EPS (Diluted)

$-15.89

YoY-393.5%

Six Flags Entertainment Corporation earned $-15.89 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 393.5% from the prior year.

Cash & Debt

$91.1M

YoY+9.6%

Six Flags Entertainment Corporation held $91.1M in cash against $5.2B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

102M

YoY+1.5%

Six Flags Entertainment Corporation had 102M shares outstanding in fiscal year 2025. This represents an increase of 1.5% from the prior year.

Gross Margin

91.3%

YoY-0.1pp

Six Flags Entertainment Corporation's gross margin was 91.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the prior year.

Operating Margin

-44.4%

YoY-55.8pp

Six Flags Entertainment Corporation's operating margin was -44.4% in fiscal year 2025, reflecting core business profitability. This is down 55.8 percentage points from the prior year.

Net Margin

-51.6%

YoY-43.1pp

Six Flags Entertainment Corporation's net profit margin was -51.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 43.1 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$479.7M

YoY+49.5%

Six Flags Entertainment Corporation invested $479.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 49.5% from the prior year.

FUN Income Statement

Metric	FY25	FY24	FY23	FY22
Revenue	$3.1B+14.4%	$2.7B+50.6%	$1.8B-1.0%	$1.8B
Cost of Revenue	$269.7M+16.0%	$232.6M+45.5%	$159.8M-2.7%	$164.2M
Gross Profit	$2.8B+14.3%	$2.5B+51.1%	$1.6B-0.9%	$1.7B
R&D Expenses	N/A	N/A	N/A	N/A
SG&A Expenses	$439.4M+6.9%	$411.2M+98.5%	$207.1M+17.4%	$176.3M
Operating Income	-$1.4B-542.8%	$310.5M+1.4%	$306.2M-41.1%	$519.9M
Interest Expense	N/A	N/A	N/A	N/A
Income Tax	-$164.0M-168.1%	$240.8M+401.3%	$48.0M-24.9%	$64.0M
Net Income	-$1.6B-591.8%	-$231.2M-285.6%	$124.6M-59.5%	$307.7M
EPS (Diluted)	$-15.89-393.5%	$-3.22-233.1%	$2.42	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q4'23
Revenue	$650.1M-50.7%	$1.3B+41.6%	$930.4M+360.5%	$202.1M-70.6%	$687.3M	N/A
Cost of Revenue	$56.1M-49.6%	$111.2M+37.6%	$80.8M+274.2%	$21.6M-62.6%	$57.8M	N/A
Gross Profit	$594.0M-50.8%	$1.2B+42.0%	$849.6M+370.8%	$180.5M-71.3%	$629.5M	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$107.0M-4.4%	$111.8M-13.9%	$129.8M+43.0%	$90.8M+2.4%	$88.6M	N/A
Operating Income	-$24.9M+97.7%	-$1.1B-1581.7%	$74.5M+123.2%	-$321.0M-728.5%	$51.1M	N/A
Interest Expense	N/A	N/A	$40.0M	N/A	N/A	N/A
Income Tax	-$15.5M+59.4%	-$38.0M-149.9%	$76.3M+140.8%	-$186.8M-189.1%	$209.7M	N/A
Net Income	-$92.4M+92.2%	-$1.2B-1091.5%	-$99.6M+54.6%	-$219.7M+16.8%	-$264.2M	N/A
EPS (Diluted)	N/A	$-11.77-1088.9%	$-0.99+55.0%	$-2.20	N/A	N/A

FUN Balance Sheet

Metric	FY25	FY24	FY23	FY22
Total Assets	$7.8B-14.6%	$9.1B+307.5%	$2.2B	N/A
Current Assets	$472.9M+18.3%	$399.9M+91.5%	$208.8M	N/A
Cash & Equivalents	$91.1M+9.6%	$83.2M+27.0%	$65.5M-35.3%	$101.2M
Inventory	$68.5M-3.6%	$71.1M+73.2%	$41.0M	N/A
Accounts Receivable	$160.3M+28.4%	$124.9M+57.0%	$79.5M	N/A
Goodwill	$2.1B-37.2%	$3.3B+1145.7%	$264.6M+0.5%	$263.2M
Total Liabilities	$7.2B+2.3%	$7.1B+129.5%	$3.1B	N/A
Current Liabilities	$685.1M-26.1%	$926.7M+130.1%	$402.7M	N/A
Long-Term Debt	$5.2B+9.4%	$4.7B+107.6%	$2.3B	N/A
Total Equity	$549.8M-73.1%	$2.0B+327.4%	-$898.0M+5.5%	-$950.6M
Retained Earnings	-$1.8B-973.5%	-$164.3M+91.6%	-$2.0B+2.0%	-$2.0B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q4'23
Total Assets	$7.8B-1.1%	$7.9B-16.5%	$9.5B+3.2%	$9.2B+0.4%	$9.1B+307.5%	$2.2B
Current Assets	$472.9M-5.5%	$500.6M-2.5%	$513.3M+35.3%	$379.3M-5.1%	$399.9M+91.5%	$208.8M
Cash & Equivalents	$91.1M+28.9%	$70.7M-34.2%	$107.4M+74.6%	$61.5M-26.0%	$83.2M+27.0%	$65.5M
Inventory	$68.5M-19.3%	$84.9M-14.3%	$99.1M+17.1%	$84.6M+19.0%	$71.1M+73.2%	$41.0M
Accounts Receivable	$160.3M-42.9%	$280.9M+27.5%	$220.4M+50.8%	$146.1M+17.0%	$124.9M+57.0%	$79.5M
Goodwill	$2.1B+0.3%	$2.1B-39.3%	$3.4B+2.9%	$3.3B+0.2%	$3.3B+1145.7%	$264.6M
Total Liabilities	$7.2B-0.4%	$7.3B-5.2%	$7.7B+4.7%	$7.3B+3.4%	$7.1B+129.5%	$3.1B
Current Liabilities	$685.1M-20.4%	$860.3M-13.3%	$992.0M-4.2%	$1.0B+11.8%	$926.7M+130.1%	$402.7M
Long-Term Debt	$5.2B+3.1%	$5.0B-5.0%	$5.3B+4.7%	$5.0B+6.7%	$4.7B+107.6%	$2.3B
Total Equity	$549.8M-10.5%	$614.3M-65.4%	$1.8B-3.2%	$1.8B-10.2%	$2.0B+327.4%	-$898.0M
Retained Earnings	-$1.8B-5.5%	-$1.7B-245.5%	-$483.6M-26.0%	-$384.0M-133.8%	-$164.3M+91.6%	-$2.0B

FUN Cash Flow Statement

Metric	FY25	FY24	FY23	FY22
Operating Cash Flow	$327.5M-12.3%	$373.4M+14.7%	$325.7M-20.1%	$407.7M
Capital Expenditures	$479.7M+49.5%	$320.8M+45.5%	$220.4M+20.2%	$183.4M
Free Cash Flow	-$152.2M-389.4%	$52.6M-50.0%	$105.3M-53.1%	$224.3M
Investing Cash Flow	-$479.7M-1.5%	-$472.6M-114.4%	-$220.4M-274.0%	$126.6M
Financing Cash Flow	$155.4M+31.7%	$118.0M+182.5%	-$143.0M+70.8%	-$489.6M
Dividends Paid	$0-100.0%	$11.0M	$0	$0
Share Buybacks	N/A	N/A	$74.5M	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q4'23
Operating Cash Flow	-$37.7M-110.6%	$356.2M+90.5%	$187.0M+205.0%	-$178.0M-446.6%	-$32.6M-650.0%	-$4.3M
Capital Expenditures	$71.6M-28.4%	$100.0M-40.5%	$168.1M+20.2%	$139.9M+50.1%	$93.2M+83.3%	$50.8M
Free Cash Flow	-$109.3M-142.6%	$256.2M+1260.4%	$18.8M+105.9%	-$318.0M-152.8%	-$125.8M-127.9%	-$55.2M
Investing Cash Flow	-$71.6M+28.4%	-$100.0M+40.5%	-$168.1M-20.2%	-$139.9M-49.0%	-$93.9M-84.7%	-$50.8M
Financing Cash Flow	$122.8M+142.2%	-$291.1M-1165.7%	$27.3M-90.8%	$296.4M+148.8%	$119.1M+825.3%	-$16.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	$0

FUN Financial Ratios

Metric	FY25	FY24	FY23	FY22
Gross Margin	91.3%-0.1pp	91.4%+0.3pp	91.1%+0.2pp	91.0%
Operating Margin	-44.4%-55.8pp	11.5%-5.6pp	17.0%-11.6pp	28.6%
Net Margin	-51.6%-43.1pp	-8.5%-15.5pp	6.9%-10.0pp	16.9%
Return on Equity	N/A	N/A	N/A	N/A
Return on Assets	-20.5%-18.0pp	-2.5%-8.1pp	5.6%	N/A
Current Ratio	0.69+0.3	0.43-0.1	0.52	N/A
Debt-to-Equity	9.40+7.1	2.31+4.8	-2.53	N/A
FCF Margin	-4.9%-6.9pp	1.9%-3.9pp	5.9%-6.5pp	12.3%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q4'23
Gross Margin	91.4%-0.2pp	91.6%+0.2pp	91.3%+2.0pp	89.3%-2.3pp	91.6%	N/A
Operating Margin	-3.8%+79.9pp	-83.8%-91.8pp	8.0%+166.9pp	-158.9%-166.3pp	7.4%	N/A
Net Margin	-14.2%+75.9pp	-90.1%-79.4pp	-10.7%+98.0pp	-108.7%-70.3pp	-38.4%	N/A
Return on Equity	N/A	4.7%	N/A	N/A	N/A	N/A
Return on Assets	-1.2%+13.9pp	-15.0%-14.0pp	-1.1%+1.4pp	-2.4%+0.5pp	-2.9%	N/A
Current Ratio	0.69+0.1	0.58+0.1	0.52+0.2	0.37-0.1	0.43-0.1	0.52
Debt-to-Equity	9.40+1.2	8.16+5.2	2.97+0.2	2.75+0.4	2.31+4.8	-2.53
FCF Margin	-16.8%-36.3pp	19.4%+17.4pp	2.0%+159.4pp	-157.4%-139.1pp	-18.3%	N/A

Note: The current ratio is below 1.0 (0.69), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Six Flags Entertainment Corporation's annual revenue?

Six Flags Entertainment Corporation (FUN) reported $3.1B in total revenue for fiscal year 2025. This represents a 14.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Six Flags Entertainment Corporation's revenue growing?

Six Flags Entertainment Corporation (FUN) revenue grew by 14.4% year-over-year, from $2.7B to $3.1B in fiscal year 2025.

Is Six Flags Entertainment Corporation profitable?

No, Six Flags Entertainment Corporation (FUN) reported a net income of -$1.6B in fiscal year 2025, with a net profit margin of -51.6%.

What is Six Flags Entertainment Corporation's earnings per share (EPS)?

Six Flags Entertainment Corporation (FUN) reported diluted earnings per share of $-15.89 for fiscal year 2025. This represents a -393.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Six Flags Entertainment Corporation's EBITDA?

Six Flags Entertainment Corporation (FUN) had EBITDA of -$888.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Six Flags Entertainment Corporation have?

As of fiscal year 2025, Six Flags Entertainment Corporation (FUN) had $91.1M in cash and equivalents against $5.2B in long-term debt.

What is Six Flags Entertainment Corporation's gross margin?

Six Flags Entertainment Corporation (FUN) had a gross margin of 91.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Six Flags Entertainment Corporation's operating margin?

Six Flags Entertainment Corporation (FUN) had an operating margin of -44.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Six Flags Entertainment Corporation's net profit margin?

Six Flags Entertainment Corporation (FUN) had a net profit margin of -51.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Six Flags Entertainment Corporation's free cash flow?

Six Flags Entertainment Corporation (FUN) generated -$152.2M in free cash flow during fiscal year 2025. This represents a -389.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Six Flags Entertainment Corporation's operating cash flow?

Six Flags Entertainment Corporation (FUN) generated $327.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Six Flags Entertainment Corporation's total assets?

Six Flags Entertainment Corporation (FUN) had $7.8B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Six Flags Entertainment Corporation's capital expenditures?

Six Flags Entertainment Corporation (FUN) invested $479.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Six Flags Entertainment Corporation have outstanding?

Six Flags Entertainment Corporation (FUN) had 102M shares outstanding as of fiscal year 2025.

What is Six Flags Entertainment Corporation's current ratio?

Six Flags Entertainment Corporation (FUN) had a current ratio of 0.69 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Six Flags Entertainment Corporation's debt-to-equity ratio?

Six Flags Entertainment Corporation (FUN) had a debt-to-equity ratio of 9.40 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Six Flags Entertainment Corporation's return on assets (ROA)?

Six Flags Entertainment Corporation (FUN) had a return on assets of -20.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Six Flags Entertainment Corporation's Piotroski F-Score?

Six Flags Entertainment Corporation (FUN) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Six Flags Entertainment Corporation's earnings high quality?

Six Flags Entertainment Corporation (FUN) has an earnings quality ratio of -0.20x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Six Flags Entertainment Corporation?

Six Flags Entertainment Corporation (FUN) scores 15 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.