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Financial statements

Six Flags Entertainment Corporation/NEW financial statements

Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data Six Flags Entertainment Corporation/NEW files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2022FY2024FY2024FY2025
Revenue1,8171,7992,7093,100
Cost of revenue164160233270
Gross profit1,6531,6392,4762,831
Selling, general and administrative176207411439
Operating income520306311-1,375
Other non-operating income-23.85.39-33.621.5
Pre-tax income37217334.2-1,713
Income tax6448241-164
Net income to minority interests0024.549.6
Net income308125-231-1,599
EBITDA673464629-889
EPS, basic2.45-3.22-15.89
EPS, diluted2.42-3.22-15.89
Shares, basic (weighted)50.975.3101
Shares, diluted (weighted)51.575.3101

Balance sheet

FY2022FY2024FY2024FY2025
Cash and equivalents10165.583.291.1
Receivables79.5125160
Inventory4171.168.5
Other current assets17.947.149.7
Total current assets209400473
Property, plant and equipment1,6354,2974,295
Lease right-of-use assets81.2227215
Goodwill2632653,2972,072
Intangible assets49.1898722
Other non-current assets1.512.122.4
Total assets2,2419,1317,799
Accounts payable37.610774.2
Accrued liabilities37.45145.8
Deferred revenue184302293
Short-term debt021015
Total current liabilities403927685
Long-term debt2,2754,7235,166
Lease liabilities72229219
Other non-current liabilities9.9633.714
Total liabilities7,0897,249
Total debt2,2754,7235,166
Paid-in capital2,2072,246
Retained earnings-164-1,763
Other comprehensive income14.7-2.2866.6
Shareholders' equity2,042550
Total equity2,042550
Total liabilities and equity2,2419,1317,799
Shares outstanding100102

Cash flow statement

FY2022FY2024FY2024FY2025
Net income308125-207-1,549
Depreciation and amortization153158318486
Stock-based compensation20.622.663.663.5
Deferred income tax4.39-6.76181-153
Change in inventory-13.41.289.63.81
Change in payables-8.72-15.1-30.7-11.8
Cash from operations408326373327
Capital expenditures-183-220-321-480
Acquisitions00-1520
Cash from investing127-220-473-480
Debt issued001,000500
Debt repaid-2640-5-13.8
Share buybacks-74.5
Cash from financing-490-143118155
Exchange rate effect-4.72.05-1.084.75
Net change in cash40.1-35.717.77.96
Free cash flow22410552.6-152
Interest paid138136247335
Income taxes paid-47.24565.134.9

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 28, 2026; growth uses fiscal years. Valuation uses the share price of $12.32 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin91.4%Gross profit / revenue.
Operating margin-44.2%Operating income / revenue.
EBITDA margin-29.0%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-57.1%Pre-tax income / revenue.
Net margin-57.3%Net income / revenue.
FCF margin4.9%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin15.4%Cash from operations / revenue.
Return on equity (ROE)-1,526.0%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-23.5%Net income / average total assets.
Return on invested capital (ROIC)-21.6%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue13.8%Selling, general and administrative expense / revenue.
Stock-based pay / revenue2.0%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue10.5%Capital expenditures / revenue.
D&A / revenue15.2%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y14.4%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y19.5%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y14.3%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y19.6%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income growth, 1y-542.8%Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y-241.4%EBITDA vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y-12.3%Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y-7.0%Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow growth, 1y-389.4%Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y-73.1%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-14.6%Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y33.8%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.42xCurrent assets / current liabilities.
Quick ratio0.23x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.10x(Cash + short-term investments) / current liabilities.
Debt / equity43.3xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets66.9%Total debt / total assets.
Liabilities / assets98.5%Total liabilities / total assets.
Net debt$4.84BTotal debt - cash - short-term investments. Negative means more cash than debt.
Working capital-$760.6MCurrent assets - current liabilities.
Goodwill and intangibles / assets37.1%(Goodwill + intangible assets) / total assets.
Tangible book value-$2.65BShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.41xRevenue / average total assets.
Fixed asset turnover0.78xRevenue / average property, plant and equipment.
Inventory turnover3.29xCost of revenue / average inventory.
Days inventory111 days365 x average inventory / cost of revenue.
Receivables turnover18.1xRevenue / average receivables.
Days sales outstanding20 days365 x average receivables / revenue.
Days payables240 days365 x average accounts payable / cost of revenue.
Cash conversion cycle-109 daysDays inventory + days sales outstanding - days payables.
Capex / operating cash flow68.1%Capital expenditures / cash from operations, when that is positive.

Per share

MetricValueHow it is calculated
EPS, diluted-$17.21Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$30.06Revenue / diluted weighted shares.
FCF per share$1.48Free cash flow / diluted weighted shares.
Operating cash flow per share$4.63Cash from operations / diluted weighted shares.
Book value per share$1.12Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$25.87Tangible book value / shares outstanding.
Cash per share$1.31(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$1.26BShare price x shares outstanding.
Enterprise value$6.10BMarket cap + total debt - cash - short-term investments.
P/S0.41xMarket cap / revenue.
P/B11.0xMarket cap / shareholders' equity. Only when equity is positive.
P/FCF8.40xMarket cap / free cash flow. Only when free cash flow is positive.
P/OCF2.68xMarket cap / cash from operations, when positive.
EV/Sales1.99xEnterprise value / revenue.
EV/FCF40.6xEnterprise value / free cash flow, when both are positive.
FCF yield11.9%Free cash flow / market cap.
Earnings yield-138.9%Net income / market cap (the inverse of P/E).
What was Six Flags Entertainment Corporation/NEW's revenue in fiscal 2025?

Six Flags Entertainment Corporation/NEW reported revenue of $3.10B for fiscal 2025, 14.4% higher than the year before.

Was Six Flags Entertainment Corporation/NEW profitable in fiscal 2025?

No. It reported a net loss of $1.60B.

How much free cash flow did Six Flags Entertainment Corporation/NEW generate in fiscal 2025?

Cash from operations of $327.5M minus capital expenditures of $479.7M left free cash flow of -$152.2M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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