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Six Flags Entertainment Corporation

FUN
13
Leisure · Consumer Cyclical
Winston Score
13
Winston is worried
Weak fundamentals across most pillars.

Six Flags Entertainment Corporation runs a chain of amusement parks and water parks across North America. The company owns and operates parks under the Six Flags, Cedar Fair, and Schlitterbahn brand names, offering roller coasters, thrill rides, and seasonal attractions. It serves families and thrill-seekers, and following its 2024 merger with Cedar Fair, it became the largest regional amusement park operator in the United States.

The company makes money through park admissions, season pass memberships, in-park spending on food, merchandise, and games, as well as hotel stays at select locations. It operates roughly 40 parks across the U.S., Canada, and Mexico, and its large park portfolio and recognizable brand names create some barrier against new competitors entering the market. The biggest risk the business faces is its sensitivity to economic downturns, since families tend to cut discretionary spending like theme park visits when budgets get tight.

Winston Score History

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Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+11.7% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

-20.5% YoY

YoY Growth Rate

Earnings declining

Insider Activity

2.5%ownership

Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~3 months

$117M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Six Flags Entertainment Corporation has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin
-75.3%
Thin — -75.3% gross margin
Operating Margin
-105.6%
Losing money on operations — -105.6%
ROCE
-4.2%
Weak — -4.2% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
+11.2%
Steady sales growth (11.2% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
0.9%
Thin free cash flow (0.9%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

Debt / Equity
19.18
Heavy debt load (19.18)
Interest Cover
0.84x
Dangerous — barely covers interest (0.8x)

Interest coverage below 1. Their profits don't cover the interest bill.

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Valuation

P/E Ratio (TTM)
N/M
no trend
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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