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Six Flags Entertainment vs Live Nation Entertainment: revenue, profit, margins and growth compared

Six Flags Entertainment brought in $3.1B of revenue in fiscal 2025, Live Nation Entertainment $25.2B in fiscal 2025. Revenue changed by +14.4% at Six Flags Entertainment and +8.8% at Live Nation Entertainment on the year before, so Six Flags Entertainment grew faster. Six Flags Entertainment kept -51.6% of its revenue as net profit, Live Nation Entertainment 2.0%. Free cash flow was -$152.2M at Six Flags Entertainment and $333.6M at Live Nation Entertainment.

Side by side, latest fiscal year

FUNLYV
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3.1B$25.2B
Revenue growth+14.4%+8.8%
Net income-$1.6B$496M
Net margin-51.6%2.0%
Free cash flow-$152.2M$333.6M
Free cash flow margin-4.9%1.3%
Earnings per share (diluted)-$15.89-$0.24
Cash$91.1M$7.1B
Debt$5.2B$8.2B
Price to earningsn/an/a
Market value$1.3B$40.3B
Dividend yieldn/an/a
Rank by revenue in sector#280 of 778 · Consumer discretionary#45 of 778 · Consumer discretionary

Over the years

Revenue
FUN FY2022: $1.8BFUN FY2024: $1.8BFUN FY2024: $2.7BFUN FY2025: $3.1BLYV FY2018: $10.8BLYV FY2019: $11.5BLYV FY2020: $1.9BLYV FY2021: $6.3BLYV FY2022: $16.7BLYV FY2023: $22.7BLYV FY2024: $23.2BLYV FY2025: $25.2BFY18FY19FY20FY21FY22FY23FY24FY25
FUN $3.1BLYV $25.2B
Net income
FUN FY2022: $307.7MFUN FY2024: $124.6MFUN FY2024: -$231.2MFUN FY2025: -$1.6BLYV FY2018: $60.2MLYV FY2019: $69.9MLYV FY2020: -$1.7BLYV FY2021: -$650.9MLYV FY2022: $266.4MLYV FY2023: $556.9MLYV FY2024: $896.3MLYV FY2025: $496MFY18FY19FY20FY21FY22FY23FY24FY25
FUN -$1.6BLYV $496M
Net margin
FUN FY2022: 16.9%FUN FY2024: 6.9%FUN FY2024: -8.5%FUN FY2025: -51.6%LYV FY2018: 0.6%LYV FY2019: 0.6%LYV FY2020: -92.7%LYV FY2021: -10.4%LYV FY2022: 1.6%LYV FY2023: 2.5%LYV FY2024: 3.9%LYV FY2025: 2.0%FY18FY19FY20FY21FY22FY23FY24FY25
FUN -51.6%LYV 2.0%
Revenue growth
FUN FY2024: -1.0%FUN FY2024: +50.6%FUN FY2025: +14.4%LYV FY2019: +7.0%LYV FY2020: -83.9%LYV FY2021: +236.8%LYV FY2022: +166.1%LYV FY2023: +36.2%LYV FY2024: +1.9%LYV FY2025: +8.8%FY19FY20FY21FY22FY23FY24FY25
FUN +14.4%LYV +8.8%
Free cash flow
FUN FY2022: $224.3MFUN FY2024: $105.3MFUN FY2024: $52.6MFUN FY2025: -$152.2MLYV FY2018: $701.8MLYV FY2019: $146.2MLYV FY2020: -$1.3BLYV FY2021: $1.6BLYV FY2022: $1.5BLYV FY2023: $924.4MLYV FY2024: $1.1BLYV FY2025: $333.6MFY18FY19FY20FY21FY22FY23FY24FY25
FUN -$152.2MLYV $333.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about Six Flags Entertainment and Live Nation Entertainment

Which is bigger by revenue, Six Flags Entertainment or Live Nation Entertainment?

Live Nation Entertainment is bigger by revenue: $25.2B in fiscal 2025, against $3.1B for Six Flags Entertainment in fiscal 2025.

Which keeps more of its revenue as profit, Six Flags Entertainment or Live Nation Entertainment?

Six Flags Entertainment had a net margin of -51.6% in fiscal 2025; Live Nation Entertainment had 2.0% in fiscal 2025.

Which grew revenue faster, Six Flags Entertainment or Live Nation Entertainment?

In their latest fiscal years revenue changed by +14.4% at Six Flags Entertainment and +8.8% at Live Nation Entertainment.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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