Six Flags Entertainment (FUN) financial statements
Six Flags Entertainment reported revenue of $3.1B in fiscal 2025, up 19.5% a year over 3 years.
Net income was -$1.6B and the operating margin -44.4%, against 28.6% in 2022.
Free cash flow was -$152M.
The diluted share count rose 95% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Six Flags Entertainment's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $1.8B | $1.8B | $2.7B | $3.1B |
| Cost of revenue | $164M | $160M | $233M | $270M |
| Gross profit | $1.7B | $1.6B | $2.5B | $2.8B |
| Selling, general and admin | $176M | $207M | $411M | $439M |
| Operating income | $520M | $306M | $311M | -$1.4B |
| Pre-tax income | $372M | $173M | $34M | -$1.7B |
| Income tax | $64M | $48M | $241M | -$164M |
| Net income | $308M | $125M | -$231M | -$1.6B |
| EPS (diluted) | — | $2.42 | -$3.22 | -$15.89 |
| Diluted shares | — | 52M | 75M | 101M |
| Gross margin | 91.0% | 91.1% | 91.4% | 91.3% |
| Operating margin | 28.6% | 17.0% | 11.5% | -44.4% |
| Net margin | 16.9% | 6.9% | -8.5% | -51.6% |
Balance sheet
Fiscal years, from Six Flags Entertainment's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Cash and short-term investments | $101M | $65M | $83M | $91M |
| Receivables | — | $80M | $125M | $160M |
| Inventory | — | $41M | $71M | $69M |
| Total current assets | — | $209M | $400M | $473M |
| Property, plant and equipment | — | $1.6B | $4.3B | $4.3B |
| Goodwill | $263M | $265M | $3.3B | $2.1B |
| Total assets | — | $2.2B | $9.1B | $7.8B |
| Total current liabilities | — | $403M | $927M | $685M |
| Long-term debt | — | $2.3B | $4.7B | $5.2B |
| Total liabilities | — | — | $7.1B | $7.2B |
| Shareholders' equity | — | — | $2.0B | $550M |
| Net debt | -$101M | $2.2B | $4.8B | $5.1B |
Cash flow
Fiscal years, from Six Flags Entertainment's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating cash flow | $408M | $326M | $373M | $327M |
| Capital spending | $183M | $220M | $321M | $480M |
| Free cash flow | $224M | $105M | $53M | -$152M |
| Stock-based compensation | $21M | $23M | $64M | $64M |
| Net borrowing | -$264M | $0 | $995M | $486M |
| Free cash flow margin | 12.3% | 5.9% | 1.9% | -4.9% |
Questions
What was Six Flags Entertainment's revenue in 2025?
$3.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does Six Flags Entertainment generate?
-$152M in fiscal 2025 (operating cash flow minus capital spending).
From Six Flags Entertainment's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.