United Parks & Resorts (PRKS) financial statements
United Parks & Resorts reported revenue of $1.7B in fiscal 2025, up 2.4% a year over 9 years.
Net income was $168M and the operating margin 22.0%, against 4.4% in 2016.
Free cash flow was $163M, and the company returned $160M in net buybacks.
The diluted share count fell 35% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from United Parks & Resorts's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | $1.4B | $1.4B | $432M | $1.5B | $1.7B | $1.7B | $1.7B | $1.7B |
| Selling, general and admin | $239M | $229M | $230M | $262M | $95M | $185M | $200M | $221M | $217M | $228M |
| Operating income | $60M | -$201M | $152M | $213M | -$242M | $432M | $508M | $460M | $463M | $365M |
| Interest expense | $63M | $78M | $81M | $84M | $101M | $117M | $118M | $147M | $168M | $134M |
| Pre-tax income | -$3M | -$287M | $63M | $129M | -$343M | $256M | $390M | $313M | $292M | $227M |
| Income tax | $9M | -$85M | $18M | $40M | -$31M | -$164,000 | $99M | $79M | $64M | $58M |
| Net income | -$13M | -$202M | $45M | $89M | -$312M | $257M | $291M | $234M | $227M | $168M |
| EPS (diluted) | -$0.15 | -$2.36 | $0.52 | $1.10 | -$3.99 | $3.22 | $4.14 | $3.63 | $3.79 | $3.06 |
| Diluted shares | 85M | 86M | 87M | 81M | 78M | 80M | 70M | 64M | 60M | 55M |
| Operating margin | 4.4% | -15.9% | 11.1% | 15.2% | -56.0% | 28.7% | 29.3% | 26.6% | 26.9% | 22.0% |
| Net margin | -0.9% | -16.0% | 3.3% | 6.4% | -72.3% | 17.1% | 16.8% | 13.6% | 13.2% | 10.1% |
Balance sheet
Fiscal years, from United Parks & Resorts's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $69M | $33M | $34M | $40M | $434M | $444M | $79M | $247M | $116M | $100M |
| Receivables | $37M | $38M | $58M | $50M | $30M | $77M | $71M | $74M | $79M | $77M |
| Inventory | $29M | $31M | $36M | $33M | $31M | $29M | $55M | $49M | $46M | $52M |
| Total current assets | $154M | $119M | $147M | $169M | $507M | $567M | $234M | $390M | $270M | $283M |
| Property, plant and equipment | $1.7B | $1.7B | $1.7B | $1.7B | $1.7B | $1.6B | $1.7B | $1.8B | $1.9B | $1.9B |
| Goodwill | $336M | $66M | $66M | $66M | $66M | $66M | $66M | $66M | $66M | $66M |
| Total assets | $2.4B | $2.1B | $2.1B | $2.3B | $2.6B | $2.6B | $2.3B | $2.6B | $2.6B | $2.6B |
| Total current liabilities | $264M | $253M | $311M | $403M | $317M | $372M | $409M | $411M | $413M | $385M |
| Long-term debt | $1.5B | $1.5B | $1.5B | $1.5B | $2.2B | $2.1B | $2.1B | $2.1B | $2.2B | $2.2B |
| Total liabilities | $1.9B | $1.8B | $1.9B | $2.1B | $2.7B | $2.6B | $2.8B | $2.8B | $3.0B | $3.1B |
| Shareholders' equity | $461M | $287M | $265M | $211M | -$106M | -$34M | -$438M | -$208M | -$462M | -$436M |
| Net debt | $1.5B | $1.5B | $1.5B | $1.5B | $1.8B | $1.7B | $2.0B | $1.9B | $2.1B | $2.1B |
Cash flow
Fiscal years, from United Parks & Resorts's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $280M | $192M | $294M | $348M | -$121M | $503M | $565M | $505M | $480M | $380M |
| Capital spending | $161M | $173M | $180M | $195M | $109M | $129M | $201M | $305M | $248M | $217M |
| Free cash flow | $120M | $20M | $114M | $153M | -$230M | $374M | $364M | $200M | $232M | $163M |
| Stock-based compensation | $38M | $23M | $22M | $11M | $7M | $40M | $18M | $17M | $14M | $17M |
| Dividends paid | $65M | $2M | $325,000 | — | — | — | — | — | — | — |
| Share buybacks (net) | — | — | -$98M | -$150M | -$12M | -$216M | -$694M | -$18M | -$483M | -$160M |
| Net borrowing | -$13M | -$29M | -$22M | -$16M | $698M | -$111M | -$12M | -$12M | $136M | -$15M |
| Free cash flow margin | 8.9% | 1.6% | 8.3% | 11.0% | -53.2% | 24.9% | 21.0% | 11.6% | 13.4% | 9.8% |
| Dividends per share | $0.77 | $0.02 | $0.00 | — | — | — | — | — | — | — |
Questions
What was United Parks & Resorts's revenue in 2025?
$1.7B in fiscal 2025, from its 10-K filing.
How much free cash flow does United Parks & Resorts generate?
$163M in fiscal 2025 (operating cash flow minus capital spending).
From United Parks & Resorts's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.