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.

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 5 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).

Rhea AI FUN FY2025 2026-04-22

A high-gross-margin, debt-heavy model is now defined by non-cash earnings shocks and cash flow that barely funds reinvestment needs.

FY2025's $1.55B net loss did not behave like a cash loss, because operating cash flow stayed positive at $327M. At the same time, goodwill fell by about $1.2B from FY2024, which helps explain why reported earnings deteriorated far more than cash generation and why the year's damage was concentrated in accounting value rather than immediate cash drain.

For four years, gross margin held near 91%, which means reported direct operating costs explain very little of the profit story; the real pressure sits below gross profit in overhead, depreciation, and other charges. That is why operating margin could move from 28.6% in FY2022 to -44.4% in FY2025 even though the gross line barely changed.

Cash generation also looks investment-hungry: FY2025 produced $327M of operating cash flow but turned into -$152M of free cash flow after capital spending. With long-term debt at $5.17B and a current ratio of 0.7x, reinvestment is being carried inside a balance sheet that relies more on ongoing cash production and financing flexibility than on cash already sitting on the balance sheet.

Financial Health Signals

Financial Profile 20/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Six Flags Entertainment Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

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 85/100.

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 is below the typical benchmark, resulting in a score of 8/100. This tight liquidity could limit financial flexibility if cash inflows slow.

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 23/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Six Flags Entertainment Corporation generates a -281.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -10.1% the prior year.

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

-0.21x

For every $1 of reported earnings, Six Flags Entertainment Corporation generates $-0.21 in operating cash flow ($327.5M OCF vs -$1.5B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

Export CSV

Earnings & Revenue

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.

Net Income

-$1.5B

YoY-649.7%

Six Flags Entertainment Corporation reported -$1.5B in net income in fiscal year 2025. This represents a decrease of 649.7% 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 & Balance Sheet

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.

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.

Margins & Returns

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

-50.0%

YoY-42.4pp

Six Flags Entertainment Corporation's net profit margin was -50.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 42.4 percentage points from the prior year.

Return on Equity

-281.8%

YoY-271.7pp

Six Flags Entertainment Corporation's ROE was -281.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 271.7 percentage points from the prior year.

Capital Allocation

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	FY21
Revenue	$3.1B+14.4%	$2.7B+50.6%	$1.8B-1.0%	$1.8B	N/A
Cost of Revenue	$269.7M+16.0%	$232.6M+45.5%	$159.8M-2.7%	$164.2M	N/A
Gross Profit	$2.8B+14.3%	$2.5B+51.1%	$1.6B-0.9%	$1.7B	N/A
R&D Expenses	N/A	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	N/A
Operating Income	-$1.4B-542.8%	$310.5M+1.4%	$306.2M-41.1%	$519.9M	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A
Income Tax	-$164.0M-168.1%	$240.8M+401.3%	$48.0M-24.9%	$64.0M	N/A
Net Income	-$1.5B-649.7%	-$206.7M-265.9%	$124.6M-59.5%	$307.7M+734.1%	-$48.5M
EPS (Diluted)	$-15.89-393.5%	$-3.22-233.1%	$2.42	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$650.1M-50.7%	$1.3B+41.6%	$930.4M+360.5%	$202.1M-70.6%	$687.3M-49.0%	$1.3B+135.9%	$571.6M+462.5%	$101.6M
Cost of Revenue	$56.1M-49.6%	$111.2M+37.6%	$80.8M+274.2%	$21.6M-62.6%	$57.8M-47.4%	$109.9M+106.3%	$53.3M+358.7%	$11.6M
Gross Profit	$594.0M-50.8%	$1.2B+42.0%	$849.6M+370.8%	$180.5M-71.3%	$629.5M-49.2%	$1.2B+138.9%	$518.4M+475.9%	$90.0M
R&D Expenses	N/A	N/A	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-57.6%	$209.3M+214.2%	$66.6M+42.7%	$46.7M
Operating Income	-$24.9M+97.7%	-$1.1B-1581.7%	$74.5M+123.2%	-$321.0M-728.5%	$51.1M-80.5%	$262.5M+113.1%	$123.2M+197.6%	-$126.3M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	$40.0M	N/A
Income Tax	-$15.5M+59.4%	-$38.0M-149.9%	$76.3M+140.8%	-$186.8M-189.1%	$209.7M+383.9%	$43.3M+114.5%	$20.2M+162.3%	-$32.4M
Net Income	-$42.8M+96.4%	-$1.2B-1091.5%	-$99.6M+54.6%	-$219.7M+8.3%	-$239.7M-316.0%	$111.0M+99.7%	$55.6M+141.6%	-$133.5M
EPS (Diluted)	N/A	$-11.77-1088.9%	$-0.99+55.0%	$-2.20	N/A	$1.10+175.0%	$0.40	N/A

FUN Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21
Total Assets	$7.8B-14.6%	$9.1B+307.5%	$2.2B	N/A	N/A
Current Assets	$472.9M+18.3%	$399.9M+91.5%	$208.8M	N/A	N/A
Cash & Equivalents	$91.1M+9.6%	$83.2M+27.0%	$65.5M-35.3%	$101.2M+65.6%	$61.1M
Inventory	$68.5M-3.6%	$71.1M+73.2%	$41.0M	N/A	N/A
Accounts Receivable	$160.3M+28.4%	$124.9M+57.0%	$79.5M	N/A	N/A
Goodwill	$2.1B-37.2%	$3.3B+1145.7%	$264.6M+0.5%	$263.2M	N/A
Total Liabilities	$7.2B+2.3%	$7.1B+129.5%	$3.1B	N/A	N/A
Current Liabilities	$685.1M-26.1%	$926.7M+130.1%	$402.7M	N/A	N/A
Long-Term Debt	$5.2B+9.4%	$4.7B+107.6%	$2.3B	N/A	N/A
Total Equity	$549.8M-73.1%	$2.0B+327.4%	-$898.0M+5.5%	-$950.6M	N/A
Retained Earnings	-$1.8B-973.5%	-$164.3M+91.6%	-$2.0B+2.0%	-$2.0B	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$7.8B-1.1%	$7.9B-16.5%	$9.5B+3.2%	$9.2B+0.4%	$9.1B-2.5%	$9.4B+299.1%	$2.3B+3.7%	$2.3B
Current Assets	$472.9M-5.5%	$500.6M-2.5%	$513.3M+35.3%	$379.3M-5.1%	$399.9M-12.5%	$457.0M+68.4%	$271.4M+42.7%	$190.2M
Cash & Equivalents	$91.1M+28.9%	$70.7M-34.2%	$107.4M+74.6%	$61.5M-26.0%	$83.2M-7.3%	$89.7M+69.7%	$52.9M+50.5%	$35.1M
Inventory	$68.5M-19.3%	$84.9M-14.3%	$99.1M+17.1%	$84.6M+19.0%	$71.1M-20.9%	$89.8M+54.5%	$58.2M+11.1%	$52.4M
Accounts Receivable	$160.3M-42.9%	$280.9M+27.5%	$220.4M+50.8%	$146.1M+17.0%	$124.9M-38.1%	$201.7M+76.0%	$114.6M+86.2%	$61.5M
Goodwill	$2.1B+0.3%	$2.1B-39.3%	$3.4B+2.9%	$3.3B+0.2%	$3.3B+18.3%	$2.8B+961.0%	$262.6M-0.2%	$263.2M
Total Liabilities	$7.2B-0.4%	$7.3B-5.2%	$7.7B+4.7%	$7.3B+3.4%	$7.1B+0.9%	$7.0B+89.9%	$3.7B+14.1%	$3.2B
Current Liabilities	$685.1M-20.4%	$860.3M-13.3%	$992.0M-4.2%	$1.0B+11.8%	$926.7M-18.8%	$1.1B+111.3%	$539.9M+27.2%	$424.3M
Long-Term Debt	$5.2B+3.1%	$5.0B-5.0%	$5.3B+4.7%	$5.0B+6.7%	$4.7B+3.2%	$4.6B+94.8%	$2.3B-3.6%	$2.4B
Total Equity	$549.8M-10.5%	$614.3M-65.4%	$1.8B-3.2%	$1.8B-10.2%	$2.0B-12.8%	$2.3B+317.4%	-$1.1B-10.1%	-$978.4M
Retained Earnings	-$1.8B-5.5%	-$1.7B-245.5%	-$483.6M-26.0%	-$384.0M-133.8%	-$164.3M-248.0%	$111.0M+105.2%	-$2.1B	N/A

FUN Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$327.5M-12.3%	$373.4M+14.7%	$325.7M-20.1%	$407.7M	N/A
Capital Expenditures	$479.7M+49.5%	$320.8M+45.5%	$220.4M+20.2%	$183.4M	N/A
Free Cash Flow	-$152.2M-389.4%	$52.6M-50.0%	$105.3M-53.1%	$224.3M	N/A
Investing Cash Flow	-$479.7M-1.5%	-$472.6M-114.4%	-$220.4M-274.0%	$126.6M	N/A
Financing Cash Flow	$155.4M+31.7%	$118.0M+182.5%	-$143.0M+70.8%	-$489.6M	N/A
Dividends Paid	$0-100.0%	$11.0M	$0	$0	N/A
Share Buybacks	N/A	N/A	$74.5M	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	-$37.7M-110.6%	$356.2M+90.5%	$187.0M+205.0%	-$178.0M-446.6%	-$32.6M-109.7%	$337.4M+88.2%	$179.2M+262.0%	-$110.6M
Capital Expenditures	$71.6M-28.4%	$100.0M-40.5%	$168.1M+20.2%	$139.9M+50.1%	$93.2M-15.0%	$109.7M+80.1%	$60.9M+6.6%	$57.1M
Free Cash Flow	-$109.3M-142.6%	$256.2M+1260.4%	$18.8M+105.9%	-$318.0M-152.8%	-$125.8M-155.2%	$227.7M+92.4%	$118.4M+170.6%	-$167.7M
Investing Cash Flow	-$71.6M+28.4%	-$100.0M+40.5%	-$168.1M-20.2%	-$139.9M-49.0%	-$93.9M+64.0%	-$260.7M-328.3%	-$60.9M-6.6%	-$57.1M
Financing Cash Flow	$122.8M+142.2%	-$291.1M-1165.7%	$27.3M-90.8%	$296.4M+148.8%	$119.1M+408.8%	-$38.6M+61.6%	-$100.5M-172.9%	$137.9M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FUN Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21
Gross Margin	91.3%-0.1pp	91.4%+0.3pp	91.1%+0.2pp	91.0%	N/A
Operating Margin	-44.4%-55.8pp	11.5%-5.6pp	17.0%-11.6pp	28.6%	N/A
Net Margin	-50.0%-42.4pp	-7.6%-14.6pp	6.9%-10.0pp	16.9%	N/A
Return on Equity	-281.8%-271.7pp	-10.1%	N/A	N/A	N/A
Return on Assets	-19.9%-17.6pp	-2.3%-7.8pp	5.6%	N/A	N/A
Current Ratio	0.69+0.3	0.43-0.1	0.52	N/A	N/A
Debt-to-Equity	9.40+7.1	2.31+4.8	-2.53	N/A	N/A
FCF Margin	-4.9%-6.9pp	1.9%-3.9pp	5.9%-6.5pp	12.3%	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	91.4%-0.2pp	91.6%+0.2pp	91.3%+2.0pp	89.3%-2.3pp	91.6%-0.3pp	91.8%+1.2pp	90.7%+2.1pp	88.6%
Operating Margin	-3.8%+79.9pp	-83.8%-91.8pp	8.0%+166.9pp	-158.9%-166.3pp	7.4%-12.0pp	19.5%-2.1pp	21.6%+145.8pp	-124.3%
Net Margin	-6.6%+83.5pp	-90.1%-79.4pp	-10.7%+98.0pp	-108.7%-73.9pp	-34.9%-43.1pp	8.2%-1.5pp	9.7%+141.1pp	-131.3%
Return on Equity	-7.8%+185.5pp	-193.3%-187.7pp	-5.6%+6.4pp	-12.0%-0.2pp	-11.7%-16.5pp	4.7%	N/A	N/A
Return on Assets	-0.5%+14.5pp	-15.0%-14.0pp	-1.1%+1.4pp	-2.4%+0.2pp	-2.6%-3.8pp	1.2%-1.2pp	2.4%+8.3pp	-5.9%
Current Ratio	0.69+0.1	0.58+0.1	0.52+0.2	0.37-0.1	0.43+0.0	0.40-0.1	0.50+0.1	0.45
Debt-to-Equity	9.40+1.2	8.16+5.2	2.97+0.2	2.75+0.4	2.31+0.4	1.95+4.1	-2.18+0.3	-2.49
FCF Margin	-16.8%-36.3pp	19.4%+17.4pp	2.0%+159.4pp	-157.4%-139.1pp	-18.3%-35.2pp	16.9%-3.8pp	20.7%+185.7pp	-165.0%

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 -$1.5B in fiscal year 2025, with a net profit margin of -50.0%.

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 -50.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Six Flags Entertainment Corporation's return on equity (ROE)?

Six Flags Entertainment Corporation (FUN) has a return on equity of -281.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

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 -19.9% 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 to 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 -0.21x, 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 20 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.