Six Flags Entertainment Corporation (FUN) AI Stock Analysis

Six Flags Entertainment Corporation operates amusement parks and resort properties in North America. The company manages amusement parks, water parks, and resorts located across the United States, Mexico, and Canada. Founded in 1983 and headquartered in Charlotte, North Carolina, the company was formerly known as Cedar Fair, L.P. before changing its corporate name to Six Flags Entertainment Corporation in July 2024. The organization employs 4,225 people.

Revenue increased from $1.34B in FY2021 to $1.82B in FY2022 and $1.80B in FY2023, before rising to $2.71B in FY2024 and $3.10B in FY2025, representing a 5-year revenue CAGR of 76.4%. Gross margin shifted from 91.6% in FY2021 to 35.8% in FY2025. Operating margin declined from 11.1% in FY2021 to -44.4% in FY2025, while net margin fell to -51.6% with net income of -$1.60B. For the trailing twelve months ending June 30, 2026, revenue was $3.06B with an operating margin of 13.0% and profit margin of -57.2%. In the latest quarter, quarterly revenue dropped 7.0% year-over-year, and quarterly earnings fell 73.9%.

As of June 30, 2026, Six Flags held $134.5M in cash and short-term investments against total debt of $5.16B, resulting in net debt of $5.02B. Shareholders' equity stood at $114.7M against total assets of $7.44B. The balance sheet shows a current ratio of 0.42 and a debt-to-equity ratio of 44.95. Operating cash flow in FY2025 was $327.5M, offset by $479.7M in capital expenditures, leading to free cash flow of -$152.2M. Share count increased 79.6% over 5 years.

With a market cap of $829.8M and an enterprise value of $6.29B, Six Flags trades at a forward P/E of 51.5x, above the 14.1x median of its US-listed Consumer Cyclical peers. Its EV to EBITDA ratio of 14.2x also trades above the peer median of 11.1x, while its price-to-sales of 0.3x stands below the peer median of 0.7x. The price-to-book ratio is 11.1x. Over the past year, FUN returned -61.9% compared to 16.8% for the S&P 500 (SPY), and its 5-year return of -81.1% trails SPY's 83.0% gain.

Wall Street ratings for FUN include 6 Strong Buy, 2 Buy, 5 Hold, 0 Sell, and 1 Strong Sell. The mean price target is $19.69, which stands 142.8% above the last close of $8.11. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $2.90B and EPS of -$2.82. For the next fiscal year, analysts estimate revenue of $3.00B and EPS of -$0.04. Six Flags beat EPS estimates in 2 of the last 4 quarters, and its next earnings date is November 5, 2026.

This page is an AI-written research summary of Six Flags Entertainment Corporation (FUN). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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