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Six Flags Entertainment Corporation

FUN

Six Flags Entertainment Corporation • NYSE
$15.18 ▲ 1.74% (+0.26)
Market Cap $1.54 B
52w High $49.77
52w Low $12.51
Dividend Yield 1.20%
P/E -0.81
Volume 1.91M
Outstanding Shares 101.47M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.318B ▲ $1.761B ▲ $-1.187B ▼ -90.104% ▼ $0 ▲ $-905.38M ▼
Q2-2025 $930.39M ▲ $775.089M ▲ $-74.832M ▲ -8.043% ▲ $-0.99 ▲ $228.488M ▲
Q1-2025 $202.057M ▼ $501.483M ▼ $-219.718M ▲ -108.741% ▼ $-2.2 ▲ $-217.113M ▼
Q4-2024 $687.31M ▼ $578.432M ▼ $-264.216M ▼ -38.442% ▼ $-2.63 ▼ $130.585M ▼
Q3-2024 $1.348B $975.985M $135.465M 10.046% $1.11 $405.108M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $70.932M ▼ $7.889B ▼ $7.028B ▼ $614.314M ▼
Q2-2025 $107.386M ▲ $9.453B ▲ $7.431B ▲ $1.775B ▼
Q1-2025 $61.512M ▼ $9.164B ▲ $7.088B ▲ $1.834B ▼
Q4-2024 $83.174M ▼ $9.131B ▼ $6.847B ▲ $2.042B ▼
Q3-2024 $89.705M $9.369B $6.482B $2.342B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-1.163B ▼ $356.196M ▲ $-99.996M ▲ $-291.111M ▼ $-36.703M ▼ $256.2M ▲
Q2-2025 $-99.648M ▲ $186.98M ▲ $-168.147M ▼ $27.317M ▼ $45.874M ▲ $18.833M ▲
Q1-2025 $-219.718M ▲ $-178.036M ▼ $-139.932M ▼ $296.425M ▲ $-21.662M ▼ $-317.968M ▼
Q4-2024 $-264.216M ▼ $-32.571M ▼ $-93.911M ▲ $119.139M ▲ $-6.531M ▼ $-125.77M ▼
Q3-2024 $135.465M $337.356M $-260.737M $-38.578M $36.847M $227.704M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Accommodations ExtraCharge Products And Other
Accommodations ExtraCharge Products And Other
 $0 ▲$30.00M ▲$120.00M ▲$210.00M ▲
Admission
Admission
 $370.00M ▲$110.00M ▼$490.00M ▲$660.00M ▲
Food Merchandise and Gaming
Food Merchandise and Gaming
 $210.00M ▲$70.00M ▼$320.00M ▲$440.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has rebounded strongly from pandemic lows and is now at its highest level in the past five years. Core park operations appear healthier, with solid operating profit and cash-style earnings. However, the company’s net income has been volatile and recently slipped back into a loss, likely reflecting heavy interest costs, merger-related items, and other non-operating charges. The overall story is of a business that can generate attractive park-level economics, but whose bottom line is still pressured by its capital structure and one-off expenses.

Balance Sheet

Balance Sheet The balance sheet is heavily geared, with a large debt load relative to equity and only a modest cash cushion. Assets have stepped up sharply, consistent with the merger and continued investment in parks and attractions. After several years of negative or very thin equity, the company now shows a more solid equity base, but leverage remains a key financial risk. This structure leaves the company more sensitive to economic downturns, higher interest rates, and any prolonged dip in attendance.

Cash Flow

Cash Flow Cash generated from operations has steadily improved since the pandemic and now looks reasonably healthy and consistent. Free cash flow has been positive in recent years, even after increased spending on new rides and park improvements, though it is not abundantly large relative to the debt burden. Capital spending has clearly ramped up again as the company invests for growth. Overall, the business appears capable of funding its investment program from internal cash, but debt service and ongoing capex needs limit financial flexibility.

Competitive Edge

Competitive Edge Six Flags benefits from a well-known brand, a clear identity as a thrill-ride leader, and a broad regional footprint across North America. Its parks focus on drive-to customers, which can be a cost-effective alternative to destination vacations, and its exclusive use of DC Comics characters provides distinctive theming versus generic competitors. The merger with Cedar Fair has created the largest regional theme park operator on the continent, which should bring scale advantages, cross-marketing opportunities, and cost efficiencies. At the same time, the company still faces intense competition for consumers’ leisure spending, exposure to weather and macroeconomic swings, and the constant need to refresh attractions to keep guests returning.

Innovation and R&D

Innovation and R&D Innovation at Six Flags is centered on guest experience, technology, and new attractions rather than traditional lab-style research. The company is rolling out a broad digital transformation, including AI-driven trip planning, a digital concierge, improved mobile apps, digital wallets, and more efficient parking and queue management. It is also implementing safety-focused technology, such as AI-based drowning prevention in water parks. On the attractions side, Six Flags continues its strategy of headline-grabbing roller coasters and seasonal events, which help drive buzz and repeat visits. The success of these initiatives will depend on smooth execution, effective data use, and the ability to coordinate innovation across the enlarged park portfolio after the merger.

Summary

Six Flags has moved from pandemic stress to operational recovery, with stronger revenues, improved park-level profitability, and a renewed investment cycle in rides and digital experiences. The merger with Cedar Fair marks a major strategic shift, bringing greater scale and a larger, more diversified park network, but also adding integration complexity and execution risk. Financially, the company remains highly leveraged, with meaningful interest and debt obligations that weigh on net income and limit room for error. The core business shows clear strengths in brand, thrill-focused positioning, and technology-led upgrades, yet it operates in a cyclical, weather-sensitive, capital-intensive industry. Overall, the company is at a pivotal stage where operational momentum and strategic initiatives look promising, but the balance sheet and integration challenges are important areas to watch.

NEWS

November 28, 2025 · 10:07 PM UTC

Six Flags Shareholder Alert: ClaimsFiler Reminds Investors With Losses In Excess Of $100,000 Of Lead Plaintiff Deadline In Class Action Lawsuits Against Six Flags Entertainment Corporation - FUN

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November 28, 2025 · 9:40 AM UTC

FUN Investors Have Opportunity to Lead Six Flags Entertainment Corporation Securities Fraud Lawsuit with the Schall Law Firm

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November 27, 2025 · 12:00 PM UTC

FUN INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Six Flags Entertainment Corporation f/k/a CopperSteel HoldCo, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

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November 26, 2025 · 11:41 AM UTC

CLASS ACTION NOTICE: Berger Montague Advises Six Flags Entertainment Corp. (NYSE: FUN) Investors to Inquire About a Securities Fraud Class Action

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November 25, 2025 · 10:50 PM UTC

Six Flags Shareholder Alert By Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors with Substantial Losses of Lead Plaintiff Deadline in Class Action Lawsuit Against Six Flags Entertainment Corporation - FUN

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