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

Six Flags Entertainment brought in $3.1B of revenue in fiscal 2025, Sphere Entertainment $1.2B in fiscal 2025. Six Flags Entertainment kept -51.6% of its revenue as net profit, Sphere Entertainment 2.7%.

Side by side, latest fiscal year

FUNSPHR
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3.1B$1.2B
Revenue growth+14.4%n/a
Net income-$1.6B$33.4M
Net margin-51.6%2.7%
Free cash flow-$152.2Mn/a
Free cash flow margin-4.9%n/a
Earnings per share (diluted)-$15.89$0.74
Cash$91.1M$507.8M
Debt$5.2B$692.7M
Price to earningsn/a190.7
Market value$1.3B$5.1B
Dividend yieldn/an/a
Rank by revenue in sector#280 of 778 · Consumer discretionary#433 of 778 · Consumer discretionary

Over the years

Revenue
FUN FY2022: $1.8BFUN FY2024: $1.8BFUN FY2024: $2.7BFUN FY2025: $3.1BSPHR FY2018: $989MSPHR FY2020: $1BSPHR FY2020: $1.4BSPHR FY2021: $789.9MSPHR FY2022: $610.1MSPHR FY2023: $573.8MSPHR FY2024: $1BSPHR FY2025: $1.2BFY18FY20FY21FY22FY23FY24FY25
FUN $3.1BSPHR $1.2B
Net income
FUN FY2022: $307.7MFUN FY2024: $124.6MFUN FY2024: -$231.2MFUN FY2025: -$1.6BSPHR FY2018: $6.9MSPHR FY2020: -$8.2MSPHR FY2020: $181.7MSPHR FY2021: -$148.2MSPHR FY2022: -$194.4MSPHR FY2023: $502.8MSPHR FY2024: -$200.6MSPHR FY2025: $33.4MFY18FY20FY21FY22FY23FY24FY25
FUN -$1.6BSPHR $33.4M
Net margin
FUN FY2022: 16.9%FUN FY2024: 6.9%FUN FY2024: -8.5%FUN FY2025: -51.6%SPHR FY2018: 0.7%SPHR FY2020: -0.8%SPHR FY2020: 12.7%SPHR FY2021: -18.8%SPHR FY2022: -31.9%SPHR FY2023: 87.6%SPHR FY2024: -19.5%SPHR FY2025: 2.7%FY18FY20FY21FY22FY23FY24FY25
FUN -51.6%SPHR 2.7%
Revenue growth
FUN FY2024: -1.0%FUN FY2024: +50.6%FUN FY2025: +14.4%SPHR FY2020: +6.1%SPHR FY2020: +36.9%SPHR FY2021: -45.0%SPHR FY2022: -22.8%SPHR FY2023: -5.9%SPHR FY2024: +79.0%FY20FY21FY22FY23FY24FY25
FUN +14.4%SPHR +79.0%
Free cash flow
FUN FY2022: $224.3MFUN FY2024: $105.3MFUN FY2024: $52.6MFUN FY2025: -$152.2MSPHR FY2018: -$43MSPHR FY2020: -$82.6MSPHR FY2020: -$147.1MSPHR FY2021: -$514.7MSPHR FY2022: -$615.4MFY18FY20FY21FY22FY24FY25
FUN -$152.2MSPHR -$615.4M

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

Questions about Six Flags Entertainment and Sphere Entertainment

Which is bigger by revenue, Six Flags Entertainment or Sphere Entertainment?

Six Flags Entertainment is bigger by revenue: $3.1B in fiscal 2025, against $1.2B for Sphere Entertainment in fiscal 2025.

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

Six Flags Entertainment had a net margin of -51.6% in fiscal 2025; Sphere Entertainment had 2.7% in fiscal 2025.

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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