PRKS

MKT CAP:$2B

United Parks & Resorts Inc.

Market Cap

$2B

Consumer Cyclical·Leisure·🇺🇸 United States·NYSE

Consumer Cyc.·Leisure·🇺🇸·NYSE

Stock Price

$35.46-$0.76 (-2.10%)

Apr 20, 2026

Company Details

United Parks & Resorts Inc., together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, as we...

CEO

Marc G. Swanson

IPO Date

Apr 19, 2013

Website

www.unitedparks.com

Key Metrics TTM

Revenue

$1.7B

-3.6% YoY

Net Income

$168M

EPS (Diluted)

$3.05

Free Cash Flow

$263M

Revenue / Share

$31.00

Gross Margin

92.3%

Operating Margin

22.0%

Net Margin

10.1%

FCF Margin

15.8%

P/S

1.1x

P/E

11.0x

Earnings Reports

Q1 2026

May 11, 2026

PENDING

FY 2025

Mar 3, 2026

$1.7B-3.6%EPS $3.06

Q4 2025

Mar 3, 2026

$374M-2.8%EPS $0.28

Q3 2025

Nov 7, 2025

$512M-6.2%EPS $1.61

Q2 2025

Aug 8, 2025

$490M-1.5%EPS $1.45

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$271M	$56M	$10M
Q2 22	$505M	$234M	$177M
Q3 22	$565M	$524M	$218M
Q4 22	$391M	$361M	$102M
Q1 23	$293M	$270M	$12M
Q2 23	$496M	$458M	$155M
Q3 23	$548M	$508M	$203M
Q4 23	$389M	$359M	$89M
Q1 24	$297M	$274M	$22M
Q2 24	$498M	$459M	$164M
Q3 24	$546M	$505M	$201M
Q4 24	$384M	$355M	$76M
Q1 25	$287M	$264M	$17M
Q2 25	$490M	$453M	$140M
Q3 25	$512M	$472M	$152M
Q4 25	$374M	$346M	$56M

Valuation

Quarter	P/S	P/E
Q1 22	1.2x	6.3x
Q2 22	1.1x	6.6x
Q3 22	1.1x	5.9x
Q4 22	1.1x	6.4x
Q1 23	1.1x	6.5x
Q2 23	1.1x	7.3x
Q3 23	1.1x	7.6x
Q4 23	1.1x	7.9x
Q1 24	1.1x	7.7x
Q2 24	1.1x	7.6x
Q3 24	1.1x	7.7x
Q4 24	1.1x	8.1x
Q1 25	1.1x	8.3x
Q2 25	1.1x	8.8x
Q3 25	1.1x	10.2x
Q4 25	1.1x	11.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$71M	$36M
Q2 22	$229M	$163M
Q3 22	$169M	$120M
Q4 22	$96M	$46M
Q1 23	$50M	-$19M
Q2 23	$185M	$109M
Q3 23	$164M	$75M
Q4 23	$106M	$36M
Q1 24	$71M	-$16M
Q2 24	$173M	$94M
Q3 24	$123M	$68M
Q4 24	$112M	$86M
Q1 25	$26M	-$31M
Q2 25	$181M	$128M
Q3 25	$95M	$38M
Q4 25	$78M	$129M

Capital Expenditures

Quarter	CapEx
Q1 22	$35M
Q2 22	$66M
Q3 22	$50M
Q4 22	$50M
Q1 23	$70M
Q2 23	$76M
Q3 23	$89M
Q4 23	$71M
Q1 24	$87M
Q2 24	$80M
Q3 24	$55M
Q4 24	$26M
Q1 25	$57M
Q2 25	$54M
Q3 25	$57M
Q4 25	$50M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+57.5%	+36.6%
Q2 22	+14.8%	+20.9%
Q3 22	+8.4%	+7.6%
Q4 22	+5.3%	+1.1%
Q1 23	+8.4%	+8.0%
Q2 23	-1.7%	+4.0%
Q3 23	-3.0%	-0.7%
Q4 23	-0.4%	+3.8%
Q1 24	+1.4%	-2.2%
Q2 24	+0.3%	-2.2%
Q3 24	-0.4%	-0.0%
Q4 24	-1.2%	+3.0%
Q1 25	-3.5%	-1.9%
Q2 25	-1.5%	+5.0%
Q3 25	-6.2%	+4.4%
Q4 25	-2.8%	+2.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$7M	2.6%
Q2 22	$3M	0.5%
Q3 22	$4M	0.8%
Q4 22	$4M	1.1%
Q1 23	$4M	1.5%
Q2 23	$4M	0.8%
Q3 23	$5M	0.8%
Q4 23	$4M	1.1%
Q1 24	$4M	1.2%
Q2 24	$3M	0.6%
Q3 24	$3M	0.6%
Q4 24	$4M	1.1%
Q1 25	$4M	1.5%
Q2 25	$4M	0.8%
Q3 25	$4M	0.8%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q1 22	$46M
Q2 22	$57M
Q3 22	$53M
Q4 22	$45M
Q1 23	$48M
Q2 23	$68M
Q3 23	$60M
Q4 23	$45M
Q1 24	$48M
Q2 24	$64M
Q3 24	$55M
Q4 24	$50M
Q1 25	$44M
Q2 25	$64M
Q3 25	$61M
Q4 25	$59M

Revenue Segments

Quarter	Admission	Food Merchandise And Other Revenue
Q2 24	$264M	$234M
Q3 24	$297M	$249M
Q1 25	$156M	$131M
Q2 25	$256M	$234M
Q3 25	$269M	$243M
Q4 25	$203M	$171M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$380M	$0	$380M
Q2 22	$161M	$0	$161M
Q3 22	$110M	$0	$110M
Q4 22	$79M	$0	$79M
Q1 23	$55M	$0	$55M
Q2 23	$147M	$0	$147M
Q3 23	$215M	$0	$215M
Q4 23	$247M	$0	$247M
Q1 24	$204M	$0	$204M
Q2 24	$232M	$0	$232M
Q3 24	$77M	$0	$77M
Q4 24	$116M	$0	$116M
Q1 25	$76M	$0	$76M
Q2 25	$194M	$0	$194M
Q3 25	$183M	$0	$183M
Q4 25	$100M	$0	$100M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	76M	-3.2%	-3.6%
Q2 22	72M	-4.6%	-10.0%
Q3 22	68M	-6.4%	-15.5%
Q4 22	65M	-4.1%	-17.1%
Q1 23	64M	-1.3%	-15.4%
Q2 23	64M	+0.6%	-10.8%
Q3 23	64M	-0.1%	-4.8%
Q4 23	65M	+0.6%	-0.1%
Q1 24	64M	-1.1%	+0.1%
Q2 24	62M	-2.7%	-3.2%
Q3 24	58M	-7.4%	-10.3%
Q4 24	55M	-3.8%	-14.3%
Q1 25	55M	-0.8%	-14.1%
Q2 25	55M	+0.7%	-11.0%
Q3 25	55M	+0.1%	-3.8%
Q4 25	54M	-3.3%	-3.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$96.7K	3K
Q2 22	$180.3K	3K
Q3 22	$201.9K	3K
Q4 22	$122.0K	3K
Q1 23	$91.7K	3K
Q2 23	$155.0K	3K
Q3 23	$171.3K	3K
Q4 23	$117.9K	3K
Q1 24	$90.1K	3K
Q2 24	$150.8K	3K
Q3 24	$165.4K	3K
Q4 24	$116.5K	3K
Q1 25	$87.0K	3K
Q2 25	$148.5K	3K
Q3 25	$155.1K	3K
Q4 25	$113.2K	3K

Revenue / Employee