United Parks Financials
This page shows United Parks (PRKS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
A cash-generative yet balance-sheet-thin park operator is still funding reinvestment and buybacks from operations, not surplus liquidity.
Revenue barely moved over the last two years, but operating cash flow fell from$505M to$380M , showing that roughly similar park activity turned into less cash. Because capital spending still consumed$217M , free-cash-flow margin narrowed to9.8% , so the squeeze came from weaker cash conversion rather than a one-time expansion surge, leaving less room for discretionary cash uses.
Profitability deterioration was broader than the revenue dip: operating margin slid to
Capital returns stayed aggressive: buybacks totaled
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of United Parks'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.
United Parks has an operating margin of 22.0%, meaning the company retains $22 of operating profit per $100 of revenue. This strong profitability earns a score of 91/100, reflecting efficient cost management and pricing power. This is down from 26.9% the prior year.
United Parks's revenue declined 3.6% year-over-year, from $1.7B to $1.7B. This contraction results in a growth score of 26/100.
United Parks has elevated debt relative to equity (D/E of -5.09), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 15/100, reflecting increased financial risk.
United Parks's current ratio of 0.73 is below the typical benchmark, resulting in a score of 9/100. This tight liquidity could limit financial flexibility if cash inflows slow.
United Parks converts 9.8% of revenue into free cash flow ($162.6M). This strong cash generation earns a score of 71/100.
United Parks scores 1.89, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
United Parks passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, United Parks generates $2.26 in operating cash flow ($380.1M OCF vs $168.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
United Parks earns $2.7 in operating income for every $1 of interest expense ($365.4M vs $134.1M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
United Parks generated $1.7B in revenue in fiscal year 2025. This represents a decrease of 3.6% from the prior year.
United Parks's EBITDA was $539.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 13.9% from the prior year.
United Parks reported $168.4M in net income in fiscal year 2025. This represents a decrease of 26.0% from the prior year.
United Parks earned $3.06 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 19.3% from the prior year.
Cash & Balance Sheet
United Parks generated $162.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 29.8% from the prior year.
United Parks held $99.8M in cash against $2.2B in long-term debt as of fiscal year 2025.
Margins & Returns
United Parks's operating margin was 22.0% in fiscal year 2025, reflecting core business profitability. This is down 4.9 percentage points from the prior year.
United Parks's net profit margin was 10.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.1 percentage points from the prior year.
Capital Allocation
United Parks spent $160.4M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 66.8% from the prior year.
United Parks invested $217.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 12.5% from the prior year.
PRKS Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $278.3M-25.5% | $373.5M-27.0% | $511.9M+4.4% | $490.2M+70.8% | $286.9M-25.3% | $384.4M-29.6% | $545.9M+9.7% | $497.6M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $48.1M-17.9% | $58.6M-3.5% | $60.7M-5.8% | $64.4M+45.9% | $44.1M-11.5% | $49.9M-9.9% | $55.4M-13.2% | $63.8M |
| Operating Income | -$8.5M-115.1% | $56.4M-62.8% | $151.7M+8.0% | $140.5M+731.8% | $16.9M-77.7% | $75.8M-62.3% | $201.0M+22.3% | $164.4M |
| Interest Expense | $31.7M-2.6% | $32.6M-2.8% | $33.5M-1.3% | $34.0M-0.5% | $34.1M-31.7% | $49.9M+25.8% | $39.7M+0.8% | $39.4M |
| Income Tax | -$5.9M-246.7% | $4.0M-86.1% | $29.0M+10.8% | $26.2M+2563.9% | -$1.1M+69.8% | -$3.5M-108.5% | $41.6M+31.8% | $31.6M |
| Net Income | -$34.1M-325.6% | $15.1M-83.1% | $89.3M+11.5% | $80.1M+596.5% | -$16.1M-157.8% | $27.9M-76.7% | $119.7M+31.3% | $91.1M |
| EPS (Diluted) | $-0.69 | N/A | $1.61+11.0% | $1.45+600.0% | $-0.29 | N/A | $2.08+42.5% | $1.46 |
PRKS Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.6B-0.3% | $2.6B-4.5% | $2.7B+0.4% | $2.7B+6.2% | $2.6B-0.1% | $2.6B-0.2% | $2.6B-6.4% | $2.8B |
| Current Assets | $241.4M-14.6% | $282.8M-30.5% | $406.9M+1.9% | $399.2M+55.7% | $256.3M-5.2% | $270.4M+5.6% | $256.1M-40.5% | $430.7M |
| Cash & Equivalents | $28.9M-71.0% | $99.8M-45.6% | $183.2M-5.5% | $193.9M+156.3% | $75.7M-34.7% | $115.9M+50.8% | $76.8M-66.9% | $232.1M |
| Inventory | $57.0M+10.5% | $51.6M-0.9% | $52.1M-2.3% | $53.4M+5.4% | $50.6M+10.4% | $45.8M-9.9% | $50.9M-3.1% | $52.5M |
| Accounts Receivable | $91.2M+18.0% | $77.3M-9.2% | $85.1M-9.5% | $94.0M+16.8% | $80.5M+1.3% | $79.4M-8.3% | $86.6M-14.1% | $100.8M |
| Goodwill | $66.3M0.0% | $66.3M0.0% | $66.3M0.0% | $66.3M0.0% | $66.3M0.0% | $66.3M0.0% | $66.3M0.0% | $66.3M |
| Total Liabilities | $3.2B+3.7% | $3.1B+0.1% | $3.0B-2.4% | $3.1B+2.5% | $3.0B+0.5% | $3.0B0.0% | $3.0B-2.8% | $3.1B |
| Current Liabilities | $454.9M+18.2% | $384.7M+2.6% | $375.0M-22.3% | $482.7M+11.0% | $434.8M+5.3% | $412.9M+3.6% | $398.4M-23.9% | $523.3M |
| Long-Term Debt | $2.2B+1.2% | $2.2B-0.1% | $2.2B-0.1% | $2.2B-0.1% | $2.2B-0.1% | $2.2B-0.3% | $2.2B-0.2% | $2.2B |
| Total Equity | -$557.2M-27.9% | -$435.8M-41.2% | -$308.7M+21.8% | -$394.9M+17.4% | -$478.3M-3.6% | -$461.5M-1.2% | -$455.9M-24.9% | -$364.9M |
| Retained Earnings | $771.9M-4.2% | $805.9M+1.9% | $790.9M+12.7% | $701.6M+12.9% | $621.5M-2.5% | $637.6M+4.6% | $609.7M+24.4% | $490.0M |
PRKS Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $66.8M-14.8% | $78.4M-17.3% | $94.8M-47.7% | $181.2M+604.6% | $25.7M-77.1% | $112.5M-8.6% | $123.0M-29.0% | $173.2M |
| Capital Expenditures | $69.6M+38.5% | $50.3M-11.5% | $56.8M+6.0% | $53.6M-5.9% | $56.9M+117.0% | $26.2M-52.7% | $55.4M-30.3% | $79.5M |
| Free Cash Flow | -$2.8M-110.1% | $28.1M-26.0% | $38.0M-70.2% | $127.6M+509.2% | -$31.2M-136.2% | $86.2M+27.6% | $67.6M-27.8% | $93.7M |
| Investing Cash Flow | -$69.6M-38.5% | -$50.3M+11.5% | -$56.8M-6.0% | -$53.6M+5.9% | -$56.9M-117.0% | -$26.2M+52.7% | -$55.4M+30.4% | -$79.5M |
| Financing Cash Flow | -$68.0M+54.4% | -$149.2M-1238.3% | -$11.1M-18.8% | -$9.4M-3.8% | -$9.0M+80.8% | -$47.2M+78.8% | -$222.8M-240.9% | -$65.4M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $93.8M-34.9% | $144.1M+1926.8% | $7.1M+54.7% | $4.6M-0.1% | $4.6M-87.8% | $37.7M-82.6% | $216.4M+2.1% | $212.0M |
PRKS Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -3.0%-18.1pp | 15.1%-14.5pp | 29.6%+1.0pp | 28.6%+22.8pp | 5.9%-13.8pp | 19.7%-17.1pp | 36.8%+3.8pp | 33.0% |
| Net Margin | -12.2%-16.3pp | 4.0%-13.4pp | 17.4%+1.1pp | 16.3%+22.0pp | -5.6%-12.9pp | 7.3%-14.7pp | 21.9%+3.6pp | 18.3% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -1.3%-1.9pp | 0.6%-2.7pp | 3.3%+0.3pp | 2.9%+3.6pp | -0.6%-1.7pp | 1.1%-3.6pp | 4.6%+1.3pp | 3.3% |
| Current Ratio | 0.53-0.2 | 0.73-0.4 | 1.09+0.3 | 0.83+0.2 | 0.59-0.1 | 0.66+0.0 | 0.64-0.2 | 0.82 |
| Debt-to-Equity | -4.03+1.1 | -5.09+2.1 | -7.19-1.6 | -5.63-1.0 | -4.65+0.2 | -4.83+0.1 | -4.90+1.2 | -6.14 |
| FCF Margin | -1.0%-8.6pp | 7.5%+0.1pp | 7.4%-18.6pp | 26.0%+36.9pp | -10.9%-33.3pp | 22.4%+10.1pp | 12.4%-6.5pp | 18.8% |
Note: Shareholder equity is negative (-$435.8M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.73), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is United Parks's annual revenue?
United Parks (PRKS) reported $1.7B in total revenue for fiscal year 2025. This represents a -3.6% 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 United Parks's revenue growing?
United Parks (PRKS) revenue declined by 3.6% year-over-year, from $1.7B to $1.7B in fiscal year 2025.
Is United Parks profitable?
Yes, United Parks (PRKS) reported a net income of $168.4M in fiscal year 2025, with a net profit margin of 10.1%.
What is United Parks's EBITDA?
United Parks (PRKS) had EBITDA of $539.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does United Parks have?
As of fiscal year 2025, United Parks (PRKS) had $99.8M in cash and equivalents against $2.2B in long-term debt.
What is United Parks's operating margin?
United Parks (PRKS) had an operating margin of 22.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is United Parks's net profit margin?
United Parks (PRKS) had a net profit margin of 10.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is United Parks's free cash flow?
United Parks (PRKS) generated $162.6M in free cash flow during fiscal year 2025. This represents a -29.8% 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 United Parks's operating cash flow?
United Parks (PRKS) generated $380.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are United Parks's total assets?
United Parks (PRKS) had $2.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are United Parks's capital expenditures?
United Parks (PRKS) invested $217.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is United Parks's current ratio?
United Parks (PRKS) had a current ratio of 0.73 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is United Parks's debt-to-equity ratio?
United Parks (PRKS) had a debt-to-equity ratio of -5.09 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is United Parks's return on assets (ROA)?
United Parks (PRKS) had a return on assets of 6.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is United Parks's debt-to-equity ratio negative or unusual?
United Parks (PRKS) has negative shareholder equity of -$435.8M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is United Parks's Altman Z-Score?
United Parks (PRKS) has an Altman Z-Score of 1.89, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is United Parks's Piotroski F-Score?
United Parks (PRKS) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 United Parks's earnings high quality?
United Parks (PRKS) has an earnings quality ratio of 2.26x, considered cash-backed (high 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.
Can United Parks cover its interest payments?
United Parks (PRKS) has an interest coverage ratio of 2.7x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is United Parks?
United Parks (PRKS) scores 50 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.