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Six Flags Entertainment Corpora (FUN) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NYSE•Consumer Cyclical•Leisure
D
WeakMetricSide Score: 32.5/100
ProfitabilityProfit0/25
GrowthGrowth13.5/25
Balance Sheet & Red FlagsBalance5/25
Cash & Earnings QualityCash14/25

Strongest: Cash & Earnings Quality (14/25); weakest: Profitability (0/25).

Price & Volume
Market Cap $1.79B

Six Flags Entertainment Corporation operates amusement parks and resort properties in North America. It operates amusement parks, water parks, and resorts in the United States, Mexico, and Canada. The company was formerly known as Cedar Fair, L.P. and changed its name to Six Flags Entertainment Corporation in July 2024. The company was founded in 1983 and is headquartered in Charlotte, North Carolina.

Moat Signals

Competitive analysis based on 8 quarters of fundamental data

Pricing Power

Weak Moat

Operating margins are under pressure, averaging -43.2%. The business may lack pricing power or face rising costs.'

Competitive Advantage

Weak Moat

ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.

Risk Signals

Data-driven red flags and warnings across 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.

Leverage Risk

Red Flag

D/E ratio is 19.1 — dangerously high. The company is heavily leveraged and vulnerable to rising rates or cash flow dips.

Revenue Decline

Healthy

Revenue is stable or growing over recent quarters — demand appears durable.

Cash Burn

Watch

5 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.

Share Dilution

Healthy

Share count is stable — no significant dilution or buyback activity.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$3.12B
7%
Q. Revenue
$225.63M
2Q
TTM EBITDA
$-1.37B
2Q
TTM Op. Income
$-1.37B
2Q
Q. Op. Income
$-312.24M
3%
TTM Net Income
$-1.65B
266%
Q. Net Income
$-268.60M
22%
EPS
$-2.65
20%
Shares Out.
$101.48M
5Q
$3.12B in TTM revenue grew 7.3% YoY, reaching $225.63M last quarter. TTM EBITDA of $-1.37B and TTM operating income of $-1.37B shows growth is flowing through. However, net income is negative at $1.65B — growth is not yet reaching the bottom line. Revenue is growing at a healthy pace — a signal to hold. Over the past year, TTM revenue is up 7% — a improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
90.6%
2Q
EBITDA Margin
-138.4%
13%
Op. Margin
-138.4%
13%
Net Margin
-119.0%
9%
Op. margin of -138.4% is up 20.5% YoY — cost efficiency is improving. Net margin at -119.0% and gross margin of 90.6% — earnings take a bigger bite when COGS stays lean.. Over the past year, Operating margin is up 13% — a deteriorating trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
N/A
P/S Ratio
0.6x
53%
P/B Ratio
6.4x
231%
P/S of 0.6x and P/B of 6.4x. A low P/S may indicate the stock is undervalued.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$7.71B
3Q
Cash
$116.51M
2Q
Long-Term Debt
$5.34B
2Q
Book Value
$279.23M
6Q
D/E Ratio
19.1
6Q
Debt/EBITDA
N/A
With $7.71B in assets and $5.34B in long-term debt, the D/E of 19.1and book value of $279.23M — indicates elevated leverage — the company has significant financial risk and may struggle in a downturn. Across the last 7 quarters, Debt/equity has risen for 6 consecutive quarters — a deteriorating trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$-83.16M
2Q
TTM Free Cash Flow
$28.65M
4Q
FCF Margin
0.9%
4Q
FCF / Net Income
-0.0
103%
TTM FCF of $28.65M on $-83.16M in operating cash flow. The FCF / Net Income ratio of -0.0x shows cash consumption — the business is not yet self-funding. Across the last 8 quarters, Free cash flow has risen for 4 consecutive quarters — a improving trend.

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Cash Generation

Weak Moat

Only 3 of the last 8 quarters had positive FCF — the business may require external capital to sustain operations.

Demand Durability

Weak Moat

Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.