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Six Flags Entertainment Corporation
(NYSE:FUN)
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Rating:46Neutral
Price Target:
$12.00
▼(-27.67% Downside)
Action:N/A
Date:09/24/26
The score is held down primarily by severe profitability weakness and exceptionally high leverage (thin equity buffer), which materially increases financial risk. Technicals also remain bearish, with price below all key moving averages and negative MACD. Positive operating and free cash flow provide some support, but not enough to offset the earnings and balance-sheet pressure.
Positive Factors
Positive Cash Generation
Positive operating and free cash flow provide an important source of internal funding for park operations and investment. The improvement from negative free cash flow in 2025 supports near-term liquidity, although the benefit is constrained by continuing profitability pressure.
Negative Factors
Severe Profitability Pressure
The combination of shrinking revenue and a deeply negative net margin shows that current operations are not converting attendance and spending into sustainable earnings. Continued losses could restrict reinvestment capacity and make recovery dependent on substantial operating improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive Cash Generation
Positive operating and free cash flow provide an important source of internal funding for park operations and investment. The improvement from negative free cash flow in 2025 supports near-term liquidity, although the benefit is constrained by continuing profitability pressure.
Read all positive factors
Six Flags Entertainment Corporation (FUN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.26B
Dividend Yield2.77%
Average Volume (3M)1.83M
Price to Earnings (P/E)―
Beta (1Y)1.49
Revenue Growth-3.46%
EPS Growth-267.85%
CountryUS
Employees4,225
SectorGeneral
Sector StrengthN/A
IndustryLeisure
Share Statistics
EPS (TTM)-17.36
Shares Outstanding102,316,315
10 Day Avg. Volume2,212,313
30 Day Avg. Volume1,829,243
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)2.83
Price to Sales (P/S)0.50
P/FCF Ratio-10.23
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$21.18Price Target Upside27.68% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
EPS Forecast (FY)-3.02
Revenue Forecast (FY)$2.91B
Six Flags Entertainment Corporation Business Overview & Revenue Model
Company Description
Six Flags Entertainment Corporation stands as a prominent operator of amusement and resort properties situated across North America. Its extensive network encompasses theme parks, aquatic parks, and associated leisure destinations, spanning 17 sta...
How the Company Makes Money
Six Flags primarily makes money by monetizing guest visits to its parks through a mix of admission-related sales and in-park spending. Key revenue streams typically include: (1) Admissions: ticket sales (single-day and multi-day), season passes, a...
Six Flags Entertainment Corporation Earnings Call Summary
Earnings Call Date:Aug 06, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Neutral
The earnings call reflected a mixed sentiment. While there were significant challenges in the second quarter due to weather and macroeconomic factors, the company showed strong signs of recovery in July with increased attendance and promising season pass sales for 2026. Cost-saving measures are on track, but the need to revise down the full-year EBITDA guidance indicates ongoing challenges.Positive Updates
Strong July Recovery
Attendance increased by more than 300,000 visits or 4% over the same period last year, showing a recovery from the second quarter's weather-related downturn.
Negative Updates
Q2 Attendance Decline
Attendance fell by 12% over the last 6 weeks of Q2 compared to the previous year due to severe weather conditions and economic uncertainty.
Read all updates
Q2-2025 Updates
Positive
Negative
Strong July Recovery
Attendance increased by more than 300,000 visits or 4% over the same period last year, showing a recovery from the second quarter's weather-related downturn.
Read all positive updates
Company Guidance
During the Six Flags 2025 Second Quarter Earnings Conference Call, guidance indicated that while the first half of the year faced significant challenges, including a 12% decline in attendance due to macro factors such as extreme weather, the second half shows promise with a recent 4% increase in attendance over the past four weeks. The company revised its full-year 2025 adjusted EBITDA guidance to a range of $860 million to $910 million, down from the prior estimate of $1.08 billion to $1.12 billion. This adjustment reflects lower attendance and a more value-conscious consumer, although July showed a positive rebound. Six Flags plans to reduce full-year operating costs by 3% while accelerating its season pass program, which has already seen a 700,000-unit increase in sales. The company remains focused on increasing adjusted EBITDA, reducing net leverage, and continuing its strategic integration efforts.Six Flags Entertainment Corporation Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
12
Very Negative
Cash Flow
54
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.72B | 3.10B | 2.71B | 1.80B | 1.82B | 1.34B |
| Gross Profit | 987.96M | 623.95M | 2.48B | 778.68M | 1.65B | 1.23B |
| EBITDA | -903.47M | -867.11M | 587.06M | 472.37M | 673.25M | 304.35M |
| Net Income | -1.75B | -1.60B | -231.16M | 124.56M | 307.67M | -48.52M |
Balance Sheet | ||||||
| Total Assets | 7.44B | 7.80B | 9.13B | 2.24B | 2.28B | 2.35B |
| Cash, Cash Equivalents and Short-Term Investments | 134.53M | 91.13M | 83.17M | 65.81M | 101.62M | 61.60M |
| Total Debt | 5.16B | 5.40B | 5.16B | 2.36B | 2.36B | 2.53B |
| Total Liabilities | 7.32B | 7.01B | 6.85B | 2.82B | 2.87B | 3.04B |
| Stockholders Equity | 114.73M | 549.76M | 2.04B | -582.96M | -596.89M | -703.77M |
Cash Flow | ||||||
| Free Cash Flow | 150.14M | -152.20M | 52.59M | 105.25M | 224.32M | 142.04M |
| Operating Cash Flow | 471.22M | 327.47M | 373.41M | 325.68M | 407.67M | 201.23M |
| Investing Cash Flow | -63.19M | -487.46M | -472.62M | -220.42M | 126.65M | -57.78M |
| Financing Cash Flow | -386.35M | 163.20M | 117.97M | -143.00M | -489.55M | -466.43M |
Six Flags Entertainment Corporation Technical Analysis
Negative
16.59
Price Trends
15.78
Negative
18.36
Negative
17.64
Negative
Market Momentum
-1.14
Positive
32.36
Neutral
20.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FUN, the sentiment is Negative. The current price of 16.59 is above the 20-day moving average (MA) of 13.84, above the 50-day MA of 15.78, and below the 200-day MA of 17.64, indicating a bearish trend. The MACD of -1.14 indicates Positive momentum. The RSI at 32.36 is Neutral, neither overbought nor oversold. The STOCH value of 20.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FUN.
Six Flags Entertainment Corporation Risk Analysis
Six Flags Entertainment Corporation disclosed 37 risk factors in its most recent earnings report. Six Flags Entertainment Corporation reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Six Flags Entertainment Corporation Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $8.53B | 21.10 | 13.14% | ― | 12.69% | 75.05% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | $1.52B | 13.02 | -27.85% | 5.32% | -3.54% | -31.58% | |
49 Neutral | $69.01M | -12.78 | -2.27% | ― | -31.88% | 99.99% | |
47 Neutral | $725.27M | -15.93 | 17.63% | 4.55% | 3.66% | -131.10% | |
46 Neutral | $1.26B | -0.72 | -449.53% | 2.77% | -3.46% | -267.85% | |
45 Neutral | $247.99M | -2.66 | -86.54% | 1.51% | -1.49% | -795.27% |
* General Sector Average
FUN
Six Flags Entertainment Corporation
12.32
-9.58
-43.74%
PRKS
United Parks & Resorts
33.25
-18.47
-35.71%
PLAY
Dave & Busters Entertainment
6.62
-12.63
-65.61%
LUCK
Lucky Strike Entertainment
5.21
-4.55
-46.59%
LTH
Life Time Group Holdings
39.97
11.98
42.80%
GDHG
Golden Heaven Group Holdings Ltd.
1.17
-6.46
-84.67%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.