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PRKS

United Parks & Resorts Inc.

PRKS

United Parks & Resorts Inc. • NYSE
$36.09 ▲ 2.27% (+0.80)
Market Cap $1.99 B
52w High $60.83
52w Low $29.62
Dividend Yield 0%
P/E 10.9
Volume 704.53K
Outstanding Shares 55.02M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $511.851M ▲ $320.243M ▲ $89.325M ▲ 17.451% ▲ $1.63 ▲ $196.559M ▲
Q2-2025 $490.212M ▲ $312.573M ▲ $80.108M ▲ 16.342% ▲ $1.46 ▲ $183.224M ▲
Q1-2025 $286.949M ▼ $247.102M ▼ $-16.133M ▼ -5.622% ▼ $-0.29 ▼ $58.606M ▼
Q4-2024 $384.384M ▼ $279.542M ▼ $27.897M ▼ 7.258% ▼ $0.51 ▼ $116.69M ▼
Q3-2024 $545.901M $304.262M $119.677M 21.923% $2.09 $242.533M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $183.228M ▼ $2.74B ▲ $3.049B ▼ $-308.735M ▲
Q2-2025 $193.921M ▲ $2.73B ▲ $3.125B ▲ $-394.851M ▲
Q1-2025 $75.665M ▼ $2.571B ▼ $3.049B ▲ $-478.285M ▼
Q4-2024 $115.893M ▲ $2.574B ▼ $3.035B ▼ $-461.54M ▼
Q3-2024 $76.835M $2.58B $3.035B $-455.858M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $89.325M ▲ $94.778M ▼ $-56.763M ▼ $-11.146M ▼ $26.869M ▼ $38.015M ▼
Q2-2025 $80.108M ▲ $181.196M ▲ $-53.561M ▲ $-9.379M ▼ $118.256M ▲ $127.635M ▲
Q1-2025 $-16.133M ▼ $25.715M ▼ $-56.903M ▼ $-9.04M ▲ $-40.228M ▼ $-31.188M ▼
Q4-2024 $27.897M ▼ $112.468M ▼ $-26.223M ▲ $-47.187M ▲ $39.058M ▲ $86.245M ▲
Q3-2024 $119.677M $122.998M $-55.39M $-222.825M $-155.217M $67.605M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Admission
Admission
 $380.00M ▲$160.00M ▼$260.00M ▲$270.00M ▲
Food Merchandise And Other Revenue
Food Merchandise And Other Revenue
 $300.00M ▲$130.00M ▼$230.00M ▲$240.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has recovered from the pandemic shock and has been essentially flat over the last few years. Profitability has been solid and fairly steady, with healthy operating and cash margins for a theme park operator. However, earnings per share have not shown a clear growth trend recently, suggesting the business is more in a stable, cash‑generating phase than a fast‑growing one. The key story is resilience and decent profitability, but without strong top‑line or bottom‑line momentum yet.

Balance Sheet

Balance Sheet Total assets have stayed broadly stable, but the balance sheet is heavily financed with debt and carries negative equity. That means the company relies strongly on borrowed money and past losses or distributions have eroded its accounting capital base. Cash holdings are modest relative to debt. This structure can work for a steady cash generator, but it leaves less room for error in a downturn or if borrowing costs stay high.

Cash Flow

Cash Flow Operating cash flow has been consistently strong since the pandemic, comfortably covering investment needs. Free cash flow has remained positive even as the company steps up spending on new rides and attractions, which is a constructive sign. The picture is of a business that throws off reliable cash, uses a meaningful portion to reinvest in its parks, and still retains some flexibility, though not an abundance of excess cash on hand.

Competitive Edge

Competitive Edge United Parks occupies a differentiated niche between pure thrill‑ride parks and pure character‑driven resorts. Its mix of major coasters, animal exhibits, and conservation branding helps it stand out, and the portfolio of brands lets it reach families, thrill‑seekers, and educational visitors. High investment requirements and specialized animal‑care expertise create real barriers for new entrants. That said, it still competes head‑to‑head with very powerful players like Disney and Universal, and consumers can easily switch destinations year to year, so pricing power and attendance are never fully secure.

Innovation and R&D

Innovation and R&D The company is leaning heavily into technology and new products rather than traditional lab‑style R&D. Mobile apps, data analytics, and AI are being used to manage crowds, personalize offers, and improve guest spending. A steady pipeline of new rides and immersive attractions is aimed at keeping the parks fresh. Plans for on‑site hotels and more international partnerships point to a broader resort and licensing strategy, using capital more selectively. These initiatives could deepen guest engagement and lengthen stays, but they also require consistent execution and sustained investment to pay off.

Summary

Overall, United Parks & Resorts looks like a mature, resilient theme‑park operator with a distinctive animal‑plus‑rides model and a solid cash engine, but it operates with a leveraged balance sheet and limited equity cushion. The business has bounced back from the pandemic and now appears steady rather than rapidly growing. Future performance will hinge on its ability to turn new attractions, hotel projects, and international deals into higher attendance and spending, while carefully managing debt and navigating intense competition from larger, better‑capitalized rivals.

NEWS

November 6, 2025 · 6:30 AM UTC

United Parks & Resorts Inc. Reports Third Quarter and First Nine Months 2025 Results

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November 5, 2025 · 10:00 AM UTC

SeaWorld Proudly Salutes America's Bravest This Veterans Day with the All-New Military Silver Pass, Now Available for Active-Duty and Veteran Service Members

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October 28, 2025 · 9:56 AM UTC

SeaWorld's Christmas Celebration Returns -- Bigger, Brighter, and More Enchanting Than Ever

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October 14, 2025 · 5:49 PM UTC

Amtrak Pacific Surfliner and SeaWorld San Diego Launch New Travel and Ticket Discount Partnership

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October 2, 2025 · 8:00 AM UTC

UNITED PARKS & RESORTS INC. ANNOUNCES THIRD QUARTER EARNINGS RELEASE DATE AND CONFERENCE CALL INFORMATION

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