Latest Ratios: P/E Ratio 15.4x · EV/EBITDA 8.2x · ROE N/A. (2013–2025 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 | $2.2B | $2.0B | $3.4B | $3.4B | $3.8B | $5.2B | $2.5B | $2.6B | $1.9B | $1.2B | $1.6B |
| Enterprise Value | $4.5B | $4.3B | $5.6B | $5.4B | $5.9B | $7.0B | $4.4B | $4.2B | $3.4B | $2.7B | $3.1B |
| P/E Ratio → | 15.42 | 11.86 | 14.83 | 14.55 | 12.93 | 20.14 | — | 28.83 | 42.48 | — | — |
| P/S Ratio | 1.34 | 1.20 | 1.95 | 1.97 | 2.17 | 3.43 | 5.72 | 1.84 | 1.40 | 0.92 | 1.20 |
| P/B Ratio | — | — | — | — | — | — | — | 12.19 | 7.24 | 4.05 | 3.49 |
| P/FCF | 8.45 | 7.59 | 14.55 | 17.03 | 10.33 | 13.79 | — | 16.77 | 16.82 | 58.40 | 13.41 |
| P/OCF | 5.85 | 5.25 | 7.02 | 6.75 | 6.66 | 10.26 | — | 7.38 | 6.53 | 6.05 | 5.73 |
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 | — | 2.56 | 3.26 | 3.12 | 3.41 | 4.62 | 10.08 | 3.01 | 2.50 | 2.12 | 2.32 |
| EV / EBITDA | 8.22 | 7.80 | 8.97 | 8.77 | 8.95 | 11.98 | — | 10.19 | 10.01 | 10.95 | 11.37 |
| EV / EBIT | 12.10 | 11.48 | 12.24 | 11.70 | 11.65 | 18.64 | — | 19.73 | 23.85 | 33.02 | 28.72 |
| EV / FCF | — | 16.15 | 24.25 | 26.90 | 16.25 | 18.59 | — | 27.46 | 30.01 | 134.08 | 26.04 |
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 | 36.5% | 36.5% | 92.4% | 92.4% | 92.2% | 92.4% | 91.5% | 34.5% | 29.1% | 24.5% | 25.8% |
| Operating Margin | 22.3% | 22.3% | 26.9% | 26.6% | 29.3% | 28.7% | -56.0% | 18.0% | 13.2% | 6.4% | 8.1% |
| Net Profit Margin | 10.1% | 10.1% | 13.2% | 13.6% | 16.8% | 17.1% | -72.3% | 6.4% | 3.3% | -16.0% | -0.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | -594.4% | 37.6% | 16.2% | -54.1% | -2.6% |
| ROA | 6.5% | 6.5% | 8.8% | 9.5% | 11.8% | 9.9% | -12.8% | 4.1% | 2.1% | -9.1% | -0.5% |
| ROIC | 15.4% | 15.4% | 19.6% | 19.8% | 21.9% | 18.3% | -10.0% | 10.5% | 7.6% | 3.2% | 4.0% |
| ROCE | 16.9% | 16.9% | 21.2% | 22.3% | 24.4% | 19.3% | -11.7% | 13.6% | 10.0% | 4.1% | 5.1% |
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 | — | — | — | — | — | — | — | 7.95 | 5.81 | 5.37 | 3.43 |
| Debt / EBITDA | 4.32 | 4.32 | 3.77 | 3.62 | 3.38 | 3.85 | — | 4.06 | 4.50 | 6.31 | 5.76 |
| Net Debt / Equity | — | — | — | — | — | — | — | 7.76 | 5.68 | 5.25 | 3.28 |
| Net Debt / EBITDA | 4.14 | 4.14 | 3.59 | 3.22 | 3.26 | 3.09 | — | 3.96 | 4.40 | 6.18 | 5.51 |
| Debt / FCF | — | 8.57 | 9.70 | 9.87 | 5.91 | 4.79 | — | 10.68 | 13.19 | 75.68 | 12.63 |
| Interest Coverage | 2.76 | 2.76 | 2.74 | 3.13 | 4.32 | 3.20 | -2.40 | 2.53 | 1.77 | 1.04 | 1.73 |
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 | 0.74 | 0.74 | 0.65 | 0.95 | 0.57 | 1.53 | 1.60 | 0.42 | 0.47 | 0.47 | 0.58 |
| Quick Ratio | 0.60 | 0.60 | 0.54 | 0.83 | 0.44 | 1.45 | 1.50 | 0.34 | 0.36 | 0.35 | 0.47 |
| Cash Ratio | 0.26 | 0.26 | 0.28 | 0.60 | 0.19 | 1.19 | 1.37 | 0.10 | 0.11 | 0.13 | 0.26 |
| Asset Turnover | — | 0.64 | 0.67 | 0.66 | 0.74 | 0.58 | 0.17 | 0.61 | 0.65 | 0.61 | 0.57 |
| Inventory Turnover | 20.45 | 20.45 | 2.87 | 2.67 | 2.45 | 3.88 | 1.20 | 27.64 | 27.18 | 30.87 | 34.76 |
| Days Sales Outstanding | — | 19.12 | 16.81 | 15.61 | 14.98 | 18.68 | 25.71 | 21.57 | 15.42 | 12.25 | 9.97 |
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 | — | — | — | — | — | — | — | — | 0.0% | 0.1% | 4.1% |
| Payout Ratio | — | — | — | — | — | — | — | — | 0.7% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.5% | 8.4% | 6.7% | 6.9% | 7.7% | 5.0% | — | 3.5% | 2.4% | — | — |
| FCF Yield | 11.8% | 13.2% | 6.9% | 5.9% | 9.7% | 7.2% | — | 6.0% | 5.9% | 1.7% | 7.5% |
| Buyback Yield | 0.8% | 0.8% | 14.3% | 0.5% | 18.4% | 4.2% | 0.5% | 5.8% | 5.1% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.8% | 0.8% | 14.3% | 0.5% | 18.4% | 4.2% | 0.5% | 5.8% | 5.1% | 0.1% | 4.1% |
| Shares Outstanding | — | $55M | $60M | $64M | $70M | $80M | $78M | $81M | $87M | $86M | $85M |
High leverage and seasonality
According to current market data, PRKS trades at a forward P/E of 13.41, which appears to discount the company's recent revenue contraction and suggests that investors are pricing in a significant risk premium relative to broader leisure sector peers with more stable, diversified revenue streams.
The current EV/EBITDA multiple of 8.22 indicates that the market is skeptical of the company's ability to sustain historical earnings power. This valuation level warrants caution, as it may imply that the market expects further margin compression rather than a recovery in attendance-driven growth.
Based on recent financial statements, the company's ROIC has trended into negative territory, hitting -0.3% in 2026Q1, which highlights a fundamental inability to generate returns on invested capital that exceed the cost of debt in the current high-interest rate and low-attendance environment.
The decay in ROIC suggests that the heavy capital expenditure required for maintaining aging aquatic infrastructure is failing to drive incremental profitability. Investors should monitor whether management can pivot toward more efficient capital allocation, as the current trend indicates a destruction of shareholder value.
As reported in quarterly filings, the company's cash conversion cycle has shown extreme volatility, swinging from -453 days in 2024Q1 to -3 days in 2026Q1, reflecting the highly seasonal nature of ticket sales and the difficulty in managing supplier payments against unpredictable guest demand.
The erratic nature of the CCC suggests that PRKS lacks consistent leverage over its working capital cycle, making it vulnerable to liquidity crunches during off-peak quarters. This instability appears to be a structural byproduct of the leisure industry's reliance on upfront season pass revenue.
According to the latest balance sheet data, the current ratio has deteriorated to 0.53 in 2026Q1, which indicates that the company's short-term assets are insufficient to cover its immediate obligations, leaving the firm with limited financial flexibility during periods of low seasonal cash inflow.
This liquidity profile appears precarious, especially given the high fixed-cost requirements of animal care that cannot be deferred. The reliance on seasonal cash generation creates a recurring risk that the company may need to tap into credit facilities to bridge operational gaps during the first quarter.
Financial analysts frequently misapply the debt-to-equity ratio to PRKS, which is rendered effectively meaningless by the company's persistent negative equity position, thereby obscuring the true extent of the firm's leverage and its actual risk of insolvency in a prolonged downturn.
Because the equity base has been eroded by aggressive share repurchases and operational losses, the D/E ratio fails to capture the company's true solvency risk. Investors should instead focus on debt-to-EBITDA and interest coverage ratios to better assess the sustainability of the current debt load.
Includes 30+ ratios · 13 years · Updated daily
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Quick answers to the most common questions about buying PRKS stock.
United Parks & Resorts Inc.'s current P/E ratio is 15.4x. The historical average is 26.0x. This places it at the 40th percentile of its historical range.
United Parks & Resorts Inc.'s current EV/EBITDA is 8.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.8x.
Based on historical data, United Parks & Resorts Inc. is trading at a P/E of 15.4x. This is at the 40th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
United Parks & Resorts Inc. has 36.5% gross margin and 22.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
United Parks & Resorts Inc.'s Debt/EBITDA ratio is 4.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.