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Six Flags Entertainment Corporation

FUN
28
Leisure · Consumer Cyclical
Price
$16.73
-0.06 (-0.36%)
Market Cap
$1.71B
Winston Score
28
Winston is worried
Below-average fundamentals — multiple weak pillars.
Data as of Aug 23, 2026 · filings through Jun 28, 2026
How the score breaks down
Quality
Good
Growth
Weak
Cash Flow
Weak
Stability
Weak
Valuation
Data not available

Share count rising — dilution

+79.3% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 56.6M (2021) → 101.5M (2025)

Winston Score History

The full picture

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.

Growth Profile

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

Revenue Growth

-43.3% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-102.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

2.9%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$135M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Six Flags Entertainment Corporation's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

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

Profit per sale
Gross Margin
100.0%
Premium pricing power — 100.0% gross margin
Profit after running costs
Operating Margin
16.8%
Healthy — 16.8% operating margin
Return on the money invested
ROCE
5.9%
Weak — 5.9% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
-14.1%
Shrinking sales (-14.1% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
0.5%
Thin free cash flow (0.5%)

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

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Stability

What it owes vs what it owns
Debt / Equity
43.47
Heavy debt load (43.47)
Covers its interest
Interest Cover
0.80x
Dangerous — barely covers interest (0.8x)

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

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
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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