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Largest regional theme-park operator in North America, formed by the 2024 merger of Six Flags and Cedar Fair.
Largest regional theme-park operator in North America, formed by the 2024 merger of Six Flags and Cedar Fair.
Earns from admission tickets and season passes, then from spending inside the parks on food, drinks, merchandise and games, so attendance times spend per visit is the model. Most parks are open mainly in summer, so that season carries the year and weather and school calendars matter.
Moat: narrow (scale, installed base). Largest US regional park footprint post-merger, but discretionary spending and local competition persist.
Headquarters: Charlotte, North Carolina, United States · Founded: 1961 · Employees: 95,225
Size Six Flags Entertainment (FUN) is a United States Communication Services company (Movies/Entertainment) with a market value of $1.02B, the 2229th largest of 3,117 United States companies the cockpit tracks. Shares closed at $10.00 on 6 Nov 2026.
Performance Over six months the shares fell 54.6%, against -8.2% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue fell 3.5% over the last twelve months (peer median +5.8%); the operating margin is 10.8% (peer median 7.5%).
Valuation It trades at 2.1× enterprise value to sales against a peer median of 3.0× (7th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +76%, so the hurdle is -71 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.0 points below its cost of capital (5.7% WACC).
Credit Six Flags Entertainment has 1 bond outstanding ($850M), rated BB by the agencies and trading like B at a weighted spread of 367 bp.
Short interest Short interest is 24.0% of the free float (15 Oct 2026).
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.06B | $3.10B | $2.71B | $1.80B | $1.82B |
| Revenue growth | — | +14% | +51% | -1% | — |
| Gross profit | $704M | $624M | $782M | $621M | $636M |
| EBITDA | $794M | $764M | $807M | $505M | $528M |
| Net income | -$1.75B | -$1.60B | -$231M | $125M | $308M |
| Free cash flow | $150M | -$152M | $52.6M | $103M | $224M |
| Capital expenditure | $321M | $480M | $321M | $220M | $183M |
| Total debt | $5.16B | $5.43B | $5.19B | $2.36B | $2.36B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Six Flags Entertainment FUN | $1.02B | -55% | -3% | 11% | 2.1× | 5.4% |
| United Parks & Resorts PRKS | $1.81B | +2% | -4% | 21% | 2.5× | 0.2% |
| Walt Disney Company (The) DIS | $202B | +9% | +5% | 15% | 2.5× | 14.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | FUN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.4% | +4.0% | 2nd lowest of 21 |
| 6-month return | -54.6% | -8.2% | lowest of 21 |
| Distance from 52-week high | -62.0% | -34.2% | 2nd lowest of 21 |
| Revenue growth (TTM) | -3.5% | +5.8% | 4th lowest of 21 |
| Operating margin | 10.8% | 7.5% | 10th highest of 21 |
| EV / Sales | 2.1× | 3.0× | 7th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 5.4% | 4.5% | 7th most demanding of 15 |
| Growth delivered (Del g) | +76.4% | +16.5% | highest of 15 |
| Hurdle (Req g minus delivered) | -71.0 pp | -12.4 pp | least demanding of 15 |
| ROIC minus cost of capital | -1.0 pp | -1.2 pp | 10th highest of 20 |
| EV / EBITDA | 7.9× | 11.7× | 5th cheapest of 14 |
| Net debt / EBITDA | 6.3× | 2.5× | 5th most indebted of 15 |
| Bond spread | 367 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Six Flags Entertainment FUN | United States | $1.02B | -55% | -3% | 11% | 2.1× | 5.4% | +76.4% |
| Shochiku 9601.T | Japan | $1.03B | +14% | +4% | 5% | 2.1× | 13.5% | +13.4% |
| CA Cultural Technology 1566.HK | Hong Kong | $1.03B | +9,743% | -2% | 7% | 25.4× | n/a | n/a |
| JYP Entertainment 035900.KS | South Korea | $1.01B | -34% | +15% | 18% | 1.2× | -17.4% | +41.6% |
| Tips Music TIPSMUSIC.NS | India | $1.04B | +20% | +27% | 67% | 22.6× | 36.6% | +32.9% |
| SJM 0880.HK | Hong Kong | $974M | -49% | -16% | 6% | 2.5× | n/a | n/a |
| ZEAL Network TIMA.DE | Germany | $969M | -18% | +12% | 27% | 3.5× | -7.5% | +20.2% |
| Accel Entertainment ACEL | United States | $1.10B | +18% | +9% | 8% | 1.0× | 0.8% | +33.3% |
| Compagnie des Alpes CDA.PA | France | $1.11B | -11% | +8% | 13% | 1.6× | 2.6% | +17.8% |
| Bona Film 001330.SZ | China | $1.17B | -25% | -29% | -34% | 10.3× | 24.0% | -4.9% |
| Fuji Kyuko 9010.T | Japan | $887M | +17% | +2% | 16% | 3.2× | 5.0% | +11.9% |
| Beijing Baination Pictures 300291.SZ | China | $874M | -2% | +217% | -134% | 6.5× | 24.5% | +1.5% |
| Zhejiang Sunriver Culture Tourism 600576.SS | China | $838M | -11% | +16% | 17% | 5.6× | n/a | n/a |
| Saregama India SAREGAMA.NS | India | $1.26B | +77% | -3% | 28% | 10.4× | n/a | n/a |
| ProSiebenSat.1 Media PSM.DE | Germany | $830M | -16% | -8% | 6% | 0.7× | -11.8% | -1.9% |
| Omnijoi Media 300528.SZ | China | $820M | -7% | -1% | -26% | 8.4× | n/a | n/a |
| Marcus MCS | United States | $813M | +49% | +9% | 6% | 1.3× | 9.2% | +26.1% |
| SM ENTERTAINMENT 041510.KS | South Korea | $1.31B | -19% | +10% | 14% | 1.4× | -9.1% | +15.2% |
| Heiwa 6412.T | Japan | $1.32B | +16% | +47% | 16% | 2.8× | 4.1% | +19.1% |
| China Television Media 600088.SS | China | $786M | -10% | -3% | 2% | 4.5× | 31.1% | +5.9% |
| Juventus Football Club JUVE.MI | Italy | $738M | -22% | -1% | -28% | 2.4× | n/a | n/a |
Six Flags Entertainment has 1 bond outstanding with $850M face value. The agencies rate it BB; its bonds trade like B. Weighted yield 8.42%, a spread of 367 bp over government bonds.