FUN

MKT CAP:$2B

Six Flags Entertainment Corporation

Market Cap

$2B

Consumer Cyclical·Leisure·🇺🇸 United States·NYSE

Consumer Cyc.·Leisure·🇺🇸·NYSE

Stock Price

$18.02+$2.53 (+16.33%)

Apr 24, 2026

Company Details

Six Flags Entertainment Corporation operates amusement-resort in North America. Its amusement-resort consists of amusement parks, water parks, and resort properties across 17 states in the U.S., Canada, and Mexico. The company provides fun,...

CEO

Brian C. Witherow

IPO Date

Apr 23, 1987

Website

www.sixflags.com

Key Metrics TTM

Revenue

$2.9B

+53.1% YoY

Net Income

-$441M

EPS (Diluted)

-$4.64

Free Cash Flow

-$325M

Revenue / Share

$28.46

Gross Margin

74.4%

Operating Margin

-0.5%

Net Margin

-15.3%

FCF Margin

-11.3%

P/S

0.6x

P/E

—

Earnings Reports

Q1 2026

May 7, 2026

PENDING

Q4 2025

Feb 26, 2026

$650M-5.4%EPS -$0.91

Q1 2025

May 8, 2025

$202M+98.8%EPS -$2.20

Q4 2024

Mar 3, 2025

$687M+85.2%EPS -$2.63

Q3 2024

Nov 6, 2024

$1.3B+60.1%EPS $1.10

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$753M	$694M	$250M
Q4 21	$351M	$324M	$29M
Q1 22	$99M	$88M	-$84M
Q2 22	$509M	$460M	$112M
Q3 22	$843M	$770M	$442M
Q4 22	$366M	$335M	$49M
Q1 23	$85M	$74M	-$123M
Q2 23	$501M	$452M	$94M
Q3 23	$842M	$772M	$307M
Q4 23	$371M	$340M	$29M
Q1 24	$102M	$90M	-$126M
Q2 24	$572M	$277M	$123M
Q3 24	$1.3B	$1.2B	$263M
Q4 24	$687M	$630M	$51M
Q1 25	$202M	$180M	-$321M
Q4 25	$650M	$101M	-$6M

Valuation

Quarter	P/S	P/E
Q3 21	1.8x	—
Q4 21	1.4x	—
Q1 22	1.3x	—
Q2 22	1.1x	22.3x
Q3 22	1.0x	6.9x
Q4 22	1.0x	6.0x
Q1 23	1.0x	7.1x
Q2 23	1.0x	7.0x
Q3 23	1.0x	12.6x
Q4 23	1.0x	14.8x
Q1 24	1.0x	14.7x
Q2 24	1.0x	14.5x
Q3 24	0.8x	38.8x
Q4 24	0.7x	—
Q1 25	0.7x	—
Q4 25	0.6x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	$283M	$269M
Q4 21	-$29M	-$49M
Q1 22	-$95M	-$129M
Q2 22	$242M	$180M
Q3 22	$266M	$224M
Q4 22	-$5M	-$50M
Q1 23	-$107M	-$162M
Q2 23	$120M	$50M
Q3 23	$317M	$272M
Q4 23	-$4M	-$55M
Q1 24	-$111M	-$168M
Q2 24	$179M	$118M
Q3 24	$337M	$228M
Q4 24	-$33M	-$126M
Q1 25	-$178M	-$318M
Q4 25	-$38M	-$109M

Capital Expenditures

Quarter	CapEx
Q3 21	$14M
Q4 21	$20M
Q1 22	$34M
Q2 22	$62M
Q3 22	$42M
Q4 22	$45M
Q1 23	$55M
Q2 23	$70M
Q3 23	$45M
Q4 23	$51M
Q1 24	$57M
Q2 24	$61M
Q3 24	$110M
Q4 24	$93M
Q1 25	$140M
Q4 25	$72M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	+761.5%	+124.3%
Q4 21	+935.9%	+125.5%
Q1 22	+914.5%	+79.4%
Q2 22	+127.3%	+51.4%
Q3 22	+11.9%	-20.4%
Q4 22	+4.3%	-1.6%
Q1 23	-14.4%	+13.6%
Q2 23	-1.7%	+2.5%
Q3 23	-0.1%	+33.6%
Q4 23	+1.4%	+8.1%
Q1 24	+20.2%	+9.8%
Q2 24	+14.1%	+10.1%
Q3 24	+60.1%	+102.8%
Q4 24	+85.2%	+85.9%
Q1 25	+98.8%	+129.5%
Q4 25	+13.7%	+46.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$3M	0.4%
Q4 21	$4M	1.0%
Q1 22	$4M	3.7%
Q2 22	$8M	1.6%
Q3 22	$3M	0.4%
Q4 22	$6M	1.5%
Q1 23	$5M	6.0%
Q2 23	$3M	0.5%
Q3 23	$8M	1.0%
Q4 23	$7M	1.8%
Q1 24	$5M	5.2%
Q2 24	$9M	1.6%
Q3 24	$39M	2.9%
Q4 24	$10M	1.5%
Q1 25	$17M	8.5%
Q4 25	$23M	3.5%

OpEx Breakdown

Quarter	SG&A
Q3 21	$91M
Q4 21	$51M
Q1 22	$41M
Q2 22	$66M
Q3 22	$88M
Q4 22	$66M
Q1 23	$46M
Q2 23	$67M
Q3 23	$96M
Q4 23	$87M
Q1 24	$47M
Q2 24	$82M
Q3 24	$209M
Q4 24	$89M
Q1 25	$91M
Q4 25	$107M

Revenue Segments

Quarter	Accommodations, Extra-Charge Products and Other	Admission	Food, Merchandise and Gaming	Accommodations, Extra-Charge Products And Other
Q3 21	$136M	$382M	$236M	—
Q4 21	$51M	$194M	$106M	—
Q1 22	$13M	$49M	$37M	—
Q2 22	$79M	$253M	$177M	—
Q3 22	$145M	$426M	$273M	—
Q4 22	$53M	$197M	$116M	—
Q1 23	$13M	$40M	$32M	—
Q2 23	$79M	$243M	$180M	—
Q3 23	$143M	$418M	$282M	—
Q4 23	$56M	$195M	$121M	—
Q1 24	$17M	$45M	$39M	—
Q2 24	$94M	$267M	$210M	—
Q3 24	$195M	$717M	$437M	—
Q1 25	—	$107M	$66M	$29M
Q4 25	—	$327M	$206M	$117M

Revenue by Geography

Quarter	Non-US	United States
Q3 24	$138M	$1.2B
Q1 25	$20M	$182M
Q4 25	$85M	$565M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$50M	$474.0K	$50M
Q2 22	$125M	$333.0K	$125M
Q3 22	$288M	$279.0K	$289M
Q4 22	$101M	$432.0K	$102M
Q1 23	$34M	$366.0K	$34M
Q2 23	$49M	$441.0K	$50M
Q3 23	$134M	$338.0K	$135M
Q4 23	$65M	$319.0K	$66M
Q1 24	$35M	$293.0K	$35M
Q2 24	$53M	$399.0K	$53M
Q3 24	$90M	$0	$90M
Q4 24	$83M	$0	$83M
Q1 25	$62M	$0	$62M
Q2 25	$107M	$0	$107M
Q3 25	$71M	$249.0K	$71M
Q4 25	$91M	$193.0K	$91M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	57M	+0.7%	+0.9%
Q4 21	57M	-0.7%	+0.2%
Q1 22	57M	+0.1%	+0.2%
Q2 22	57M	+0.8%	+0.9%
Q3 22	57M	-0.6%	-0.4%
Q4 22	53M	-7.5%	-7.2%
Q1 23	52M	-1.7%	-8.9%
Q2 23	51M	-0.5%	-10.0%
Q3 23	51M	-0.5%	-9.9%
Q4 23	51M	-0.3%	-2.9%
Q1 24	51M	-0.7%	-1.9%
Q2 24	51M	+1.4%	-0.0%
Q3 24	101M	+96.5%	+97.4%
Q4 24	100M	-0.6%	+96.7%
Q1 25	100M	-0.3%	+97.6%
Q4 25	101M	+1.4%	+97.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 21	—	—
Q4 21	—	—
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	—	—
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	—	—
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q4 24	$137.5K	5K
Q1 25	$40.4K	5K
Q4 25	$153.9K	4K

Revenue / Employee