Latest Ratios: P/E Ratio -1.2x · EV/EBITDA 9.5x · ROE -104.2%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.0B | $1.6B | $4.8B | $2.1B | $2.3B | $2.8B | $2.2B | $3.2B | $2.7B | $3.7B | $3.6B |
| Enterprise Value | $7.3B | $6.9B | $9.9B | $4.3B | $4.6B | $5.3B | $4.8B | $5.1B | $4.2B | $5.2B | $5.0B |
| P/E Ratio → | -1.20 | — | — | 16.45 | 7.59 | — | — | 18.30 | 21.21 | 17.15 | 20.45 |
| P/S Ratio | 0.63 | 0.50 | 1.79 | 1.14 | 1.28 | 2.12 | 12.24 | 2.14 | 1.99 | 2.79 | 2.82 |
| P/B Ratio | 2.47 | 1.98 | 2.12 | — | — | — | — | — | 101.22 | 2720.27 | 441.17 |
| P/FCF | — | — | 91.95 | 19.48 | 10.40 | 19.95 | — | 43.60 | 16.71 | 25.81 | 18.51 |
| P/OCF | 5.96 | 4.75 | 12.95 | 6.29 | 5.72 | 14.08 | — | 7.83 | 7.67 | 11.15 | 10.16 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.22 | 3.66 | 2.42 | 2.53 | 3.97 | 26.50 | 3.48 | 3.15 | 3.92 | 3.92 |
| EV / EBITDA | 9.54 | 9.02 | 15.77 | 9.36 | 6.82 | 17.86 | — | 10.71 | 9.52 | 11.56 | 11.24 |
| EV / EBIT | 26.22 | 24.79 | 36.87 | 13.82 | 8.83 | 34.12 | — | 16.29 | 17.19 | 17.16 | 15.15 |
| EV / FCF | — | — | 188.55 | 41.28 | 20.47 | 37.36 | — | 71.01 | 26.39 | 36.26 | 25.72 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 20.1% | 20.1% | 91.4% | 43.3% | 91.0% | 91.6% | 84.6% | 91.4% | 91.5% | 91.6% | 91.7% |
| Operating Margin | 9.0% | 9.0% | 11.5% | 17.0% | 28.6% | 11.1% | -315.1% | 21.0% | 21.5% | 22.3% | 24.6% |
| Net Profit Margin | -51.6% | -51.6% | -8.5% | 6.9% | 16.9% | -3.6% | -325.1% | 11.7% | 9.4% | 16.3% | 13.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -104.2% | -104.2% | -27.2% | — | — | — | — | 2076.1% | 907.0% | 4494.7% | 111.9% |
| ROA | -18.9% | -18.9% | -4.1% | 5.5% | 13.3% | -1.9% | -22.1% | 7.4% | 6.2% | 10.7% | 9.0% |
| ROIC | 3.1% | 3.1% | 5.1% | 13.6% | 22.6% | 6.0% | -22.0% | 13.0% | 14.1% | 15.2% | 15.0% |
| ROCE | 3.6% | 3.6% | 6.2% | 16.4% | 27.0% | 6.7% | -24.2% | 15.2% | 16.0% | 16.5% | 18.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 6.92 | 6.92 | 2.26 | — | — | — | — | — | 62.59 | 1223.67 | 186.73 |
| Debt / EBITDA | 7.10 | 7.10 | 8.21 | 5.09 | 3.51 | 8.53 | — | 4.51 | 3.73 | 3.70 | 3.42 |
| Net Debt / Equity | — | 6.80 | 2.22 | — | — | — | — | — | 58.63 | 1101.16 | 171.82 |
| Net Debt / EBITDA | 6.98 | 6.98 | 8.08 | 4.94 | 3.36 | 8.32 | — | 4.13 | 3.49 | 3.33 | 3.15 |
| Debt / FCF | — | — | 96.60 | 21.81 | 10.08 | 17.41 | — | 27.41 | 9.68 | 10.45 | 7.21 |
| Interest Coverage | 0.77 | 0.77 | 1.15 | 2.22 | 3.51 | 0.85 | -3.83 | 3.14 | 2.88 | 3.53 | 3.97 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.69 | 0.69 | 0.43 | 0.52 | 0.61 | 0.69 | 1.85 | 0.91 | 0.85 | 1.10 | 0.81 |
| Quick Ratio | 0.59 | 0.59 | 0.35 | 0.42 | 0.50 | 0.61 | 1.69 | 0.81 | 0.72 | 0.96 | 0.70 |
| Cash Ratio | 0.13 | 0.13 | 0.09 | 0.16 | 0.26 | 0.16 | 1.26 | 0.56 | 0.45 | 0.74 | 0.51 |
| Asset Turnover | — | 0.40 | 0.30 | 0.80 | 0.80 | 0.57 | 0.07 | 0.56 | 0.67 | 0.64 | 0.65 |
| Inventory Turnover | 36.13 | 36.13 | 3.27 | 24.85 | 3.63 | 3.50 | 0.59 | 3.84 | 3.73 | 3.73 | 4.06 |
| Days Sales Outstanding | — | 18.87 | 22.21 | 16.14 | 14.24 | 39.87 | 208.18 | 15.62 | 13.94 | 10.42 | 10.03 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | 0.6% | 3.0% | 1.4% | — | 2.4% | 6.7% | 7.6% | 5.3% | 5.2% |
| Payout Ratio | — | — | — | 49.1% | 10.9% | — | — | 121.8% | 160.4% | 90.4% | 105.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 6.1% | 13.2% | — | — | 5.5% | 4.7% | 5.8% | 4.9% |
| FCF Yield | — | — | 1.1% | 5.1% | 9.6% | 5.0% | — | 2.3% | 6.0% | 3.9% | 5.4% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 3.8% | 7.9% | 0.0% | 0.0% | 0.1% | 0.3% | 0.1% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.6% | 6.8% | 9.4% | 0.0% | 2.4% | 6.8% | 7.9% | 5.4% | 5.2% |
| Shares Outstanding | — | $101M | $100M | $52M | $56M | $57M | $56M | $57M | $57M | $57M | $57M |
High Merger Integration Costs
Based on current market data, the company trades at an EV/EBITDA multiple of 9.92, which appears to discount the significant operational volatility and negative net margins reported in recent filings, suggesting investors are pricing in a long-term recovery rather than immediate earnings growth for the combined entity.
The current P/S ratio of 0.73 indicates that the market is valuing the company at a discount to its revenue base, likely reflecting the heavy debt load and the uncertainty surrounding the realization of merger synergies. Investors should monitor whether the forward EV/EBITDA multiple of 15.68 represents a realistic expectation of future profitability or an overly optimistic outlook on the company's ability to scale margins post-integration.
According to recent financial statements, the company's ROIC has fluctuated significantly, reaching a negative 3.0% in 2026Q1, which indicates that the capital deployed for the merger is currently failing to generate adequate returns compared to the historical performance of the individual legacy park operators.
The persistent negative ROIC suggests that the company is currently destroying shareholder value as it navigates the integration phase. This trend warrants further investigation into whether the capital intensity required to maintain aging ride infrastructure is permanently impairing the company's ability to achieve a positive spread over its cost of capital.
As reported in quarterly filings, the company's cash conversion cycle reached 60 days in 2026Q1, a sharp increase from the 12-day cycle observed in 2025Q3, highlighting the operational friction and seasonal inventory management challenges inherent in the newly merged regional park network's current business model.
The erratic nature of the CCC suggests that the company is struggling to optimize its supplier and customer leverage following the merger. The significant swings in DSO and DIO indicate that the timing of season pass revenue recognition and the management of in-park inventory are not yet synchronized with the company's broader operational objectives.
Based on the latest balance sheet data, the company's debt-to-equity ratio has climbed to 10.76 as of 2026Q1, a level that appears to significantly limit the firm's financial flexibility and increases the risk of covenant breaches during periods of seasonal cash flow troughs.
The negative interest coverage ratio of -2.51 in 2026Q1 suggests that the company's operating income is currently insufficient to cover its debt service obligations. This leverage profile makes the company highly sensitive to interest rate fluctuations and necessitates a rapid improvement in operational cash flow to ensure long-term solvency.
As indicated by the reported negative net margins, the P/E ratio is a fundamentally flawed metric for this business model, as it fails to account for the heavy non-cash depreciation and one-time merger-related charges that currently distort the company's true earnings potential.
Investors should instead focus on EV/EBITDA or FCF-based metrics to better understand the underlying cash-generative capacity of the parks. Relying on P/E in this context obscures the reality that the company's current losses are largely driven by accounting treatments rather than a failure of the core regional park business model.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying FUN stock.
Six Flags Entertainment Corporation's current P/E ratio is -1.2x. The historical average is 22.4x.
Six Flags Entertainment Corporation's current EV/EBITDA is 9.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.4x.
Six Flags Entertainment Corporation's return on equity (ROE) is -104.2%. The historical average is 21.8%.
Based on historical data, Six Flags Entertainment Corporation is trading at a P/E of -1.2x. Compare with industry peers and growth rates for a complete picture.
Six Flags Entertainment Corporation has 20.1% gross margin and 9.0% operating margin.
Six Flags Entertainment Corporation's Debt/EBITDA ratio is 7.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.