How profitable is Six Flags Entertainment Corporation (FUN)?

In FY 2025 (10-K), FUN converted $3.1B of revenue into a 91.3% gross margin, 0% operating margin, and $327.5M in free cash flow (10.6% FCF margin).

Stock Ratings / Consumer Discretionary / FUN / financials

FBYD (26) ACEL (58) RSVR (51) LUCK (21) ⌘ Pro Terminal →

Six Flags Entertainment Corporation (FUN) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$7.73 +3.34% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $7.76

Six Flags Entertainment Corporation (FUN) carries a Roarable Rating of E (Strong Sell) with 33/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE E • RED ALERT Cap $765.3M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

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🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is FUN stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, Six Flags Entertainment Corporation (NYSE: FUN) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 33/100 at a spot price of $7.73 (+3.34% 1D, market cap $765.3M). Pillar breakdown: Fundamental Cash Engine 12/20, Institutional 13F & Options Flow 4/20, SEC Balance-Sheet Forensics 9/20, FRED Macro Regime Fit 3/20, and Executive Insider Alignment 5/20. Across 1009 tracked Consumer Discretionary issuers, FUN ranks #825 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does FUN compare to FBYD and ACEL in the Consumer Discretionary sector?

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Within the Consumer Discretionary sector (Services-Misc. Amusement & Recreation), FUN carries a Roarable E (33/100 RQD), trailing P/E of N/A, gross margin of 91.3%, and ROIC of -19.3%. By comparison, FBYD (Falcon's Beyond Global Inc. (Class A)) holds a E grade (26/100 RQD, P/E N/A, ROIC -22.8%, cap $837.9M) and ACEL (Accel Entertainment Inc.) posts a D+ grade (58/100 RQD, P/E 17.8x, ROIC 15.7%, cap $922.4M). Among the 5-stock peer group, ACEL leads on earnings multiple (17.8x) while ACEL leads on capital efficiency (15.7% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for FUN?

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Per FUN's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001999001), Six Flags Entertainment Corporation generated $3.10B in revenue (+14.4% YoY), -$1.55B in net income, and $327.5M in free cash flow against $7.80B in total assets and $5.17B in total debt. Key quantitative strengths: Established market leader in Consumer Discretionary with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $7.76 (+0.41%)🧬 Disciplined Float (+0.72% YoY Shares)⚙️ Cash Engine: 12/20 (C-) • 10.6% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (33/100 · E) historically underperformed SPY in 71% of rolling 90-day windows (-8.9% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERRED ALERT • E

2-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D- · Rk E

Each axis scored 0–20

12M PRICE TARGET CONE-11.3% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for FUN)Realized 20D OHLCV Swing Band: ±12.5%

Deterministic 5-Pillar Attribution (33/100 Composite)

🔍 WHY FUN SCORES 33/100 (E) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Cash Engine Quality+12/20 pts (36% of score)

SEC XBRL FY 2025 (10-K): 10.6% FCF Margin ($327.5M FCF) & 91.3% Gross Margin

▲ #2 Bullish Driver: SEC 10-K Forensic Risk+9/20 pts (27% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 5/9

▼ #1 Drag / Risk Factor: Macro Regime Fit4/20 pts (-16 pt drag)

Macro rate sensitivity & RSI-14 (32.8) create a -16 pt regime headwind

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade D$10.20-22.9% Next Q

Q2 (-2Q)

Grade E$7.86-1.9% Next Q

Q3 (-1Q)

Grade E$7.71+0.3% Next Q

Current

Grade E$7.73-8.9% Hist 90D α

Trajectory: D (41) → E (33)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a FUN Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While FUN currently carries a cautious 33/100 (E) rating due to Macro Regime Fit (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Consumer Discretionary with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($11.47) and Max Pain ($8.12) forces dealer call-delta covering toward $27.59.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Disciplined Float (+0.72% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $FUN• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “FUN Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 33%NO 67%Trade / Inspect Odds →

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How FUN Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$327.5M (10.6% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $1.80B

FY24

Rev $2.71B

FY25

Rev $3.10B

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$3.10B	91.3%	-44.4%	-$1.55B	$327.5M	-19.3%
FY 2024	$2.71B	91.4%	11.5%	-$206.7M	$373.4M	3.7%
FY 2023	$1.80B	91.3%	17%	$124.6M	$325.7M	-19.3%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring FUN)

✓Walkthrough of FUN's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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FUN // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -56.23%📐 HORIZONTAL RANGE

2026-11-03O $7.68H $7.73L $7.48C $7.73VOL 4.16M

SUP: $5.70SMA50: $11.47SMA200: $16.85

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

FUN Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 FUN Butterfly Map → + Track FUN →

Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle

8.0%/yr Implied 5Y Growth

vs. +14.4% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on FUN today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for FUN. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for FUN today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (FUN)

Consumer Discretionary Rank #825 of 1009 ⚔️ FBYD vs FUN Full Matrix →

1. Head-to-Head Consumer Discretionary Peer Comparison (FUN vs. FBYD, ACEL, RSVR, LUCK)

Industry: Services-Misc. Amusement & Recreation (51 Tracked Issuers)

Across 1009 tracked Consumer Discretionary securities in the Roarable RQD universe, Six Flags Entertainment Corporation (FUN) ranks #825 by composite RQD confidence (33/100, grade E) and #539 by equity capitalization ($765.3M). Within this direct 5-issuer industry benchmark cohort, ACEL leads on earnings valuation at 17.8x trailing P/E, while ACEL leads on capital efficiency and profitability with 15.7% ROIC and — gross margin. ACEL currently holds the highest overall quantitative score in the immediate peer group at 58/100 (D+) compared with FUN at 33/100 (E).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
FUN ACTIVE Six Flags Entertainment Corporation	E	33/100	—	91.3%	-19.3%	+3.34%	$765.3M	Benchmark Subject
FBYD Falcon's Beyond Global Inc. (Class A)	E	26/100	—	—	-22.8%	0.00%	$837.9M	/fbyd-vs-fun →
ACEL Accel Entertainment Inc.	D+	58/100	17.8x	—	15.7%	+4.84%	$922.4M	/acel-vs-fun →
RSVR Reservoir Media Inc.	D	51/100	80.8x	64.7%	3.8%	+1.68%	$627.7M	/rsvr-vs-fun →
LUCK Lucky Strike Entertainment Corporation (Class A)	E	21/100	—	—	7.7%	+1.98%	$550.8M	/luck-vs-fun →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001999001 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Six Flags Entertainment Corporation (FUN) reported GAAP revenue of $3.10B (+14.4% vs. FY2024 revenue of $2.71B , and +72.4% cumulative change since FY2023) , GAAP net income of -$1.55B, operating cash flow of $327.5M, and free cash flow of $327.5M (-12.3% YoY). On the balance sheet, FUN closed FY2025 with $7.80B in total assets against $5.17B in total debt (Altman Z-Score: N/A, Piotroski F-Score: 5/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$3.10B	-$1.55B	$327.5M	$327.5M	$7.80B	$5.17B
FY2024 (FY)	2024-12-31	$2.71B	-$206.7M	$373.4M	$373.4M	$9.13B	$4.72B
FY2023 (FY)	2023-12-31	$1.80B	$124.6M	$325.7M	$325.7M	—	—

3. FUN Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is FUN stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does FUN compare to FBYD and ACEL in the Consumer Discretionary sector?

What are the biggest fundamental strengths and SEC risk factors for FUN?

Where is FUN trading relative to its 50-day, 200-day, and 52-week technical levels?

FUN last traded at $7.73 (+3.34% on volume of 4,449,750 shares), positioning the stock -32.61% below its 50-day simple moving average ($11.47) and -54.12% below its 200-day simple moving average ($16.85). Across its 52-week range of $6.60 to $26.28, FUN sits at the 5.7% percentile with a 14-day RSI of 32.8 (NEUTRAL RANGE) and an implied next-earnings move of ±12.5% ($6.76 to $8.70).

Direct Sub-Reports: FUN RQD Cockpit FUN 12M Forecast FUN Earnings & Move FUN Dividends & DRIP FUN Insiders & 13F FUN Whale Options FUN Profit Sankey FUN News & Why

ROARABLE RATING BRIEF • RQD 33/100 (E) ✓ SEC XBRL & RQD VERIFIED

FUN — Six Flags Entertainment Corporation: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit

Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Six Flags Entertainment Corporation (FUN) earns a live Roarable RQD composite score of 33/100, corresponding to a E letter grade (Roarable Strong Sell) at a spot price of $7.73 (+3.34% 1D, market capitalization $765.3M).

Fundamental Cash Engine (12/20): Anchored by return on invested capital (ROIC) of -19.3%, gross margin of 91.3%, operating margin of -44.4%, and free cash flow yield of —.
Whale 13F & Options Flow (4/20) + Insider Conviction (5/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
Macro Regime Fit (3/20) + Forensic Balance Sheet (9/20): Incorporates a 1.00x equity beta, Altman Z-Score of N/A, Piotroski F-Score of 5/9, and Debt/Equity of 8.50x.

2. Business Model, Unit Margins & SEC Financial Trajectory

Six Flags Entertainment Corporation is a NYSE-listed issuer in the Consumer Discretionary sector, within the Services-Misc. Amusement & Recreation industry..8B. — for details on specific products, customer segments, or revenue mechanics beyond the sector and industry classification.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Six Flags Entertainment Corporation (FUN) reported $3.10B in annual revenue (up from $2.71B in FY2024, +14.4% YoY) and -$1.55B in GAAP net income. Over the multi-year SEC filing window from FY2023 ($1.80B revenue, $124.6M net income) through FY2025, FUN scaled operating cash flow to $327.5M and free cash flow to $327.5M, backed by $7.80B in total assets against $5.17B in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

🐂 Primary Bull Case (E • RQD 33/100): Established market leader in Consumer Discretionary with deep daily trading liquidity. Free cash flow yield of — and institutional whale pillar of 4/20. With Fundamental Cash Engine at 12/20 and Institutional Whale Flow at 4/20, sustained execution supports upside toward the upper end of the $6.60 – $26.28 52-week range.
🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh current valuation against -44.4% operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

A prospective investor should watch how the November 5 earnings release interacts with the fatal-incident and securities-investigation headlines already in the news wire, since those items are the only sourced second-order event risks.

Key Question #1: Can FUN sustain or expand its -44.4% operating margin and -19.3% ROIC against Services-Misc. Amusement & Recreation peers over the next 4 quarters?
Key Question #2: Following FY2025 revenue of $3.10B and free cash flow of $327.5M, how will capital allocation balance growth reinvestment against $5.17B in total debt?
Key Question #3: How sensitive is FUN's equity valuation to Consumer Discretionary capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

FUN Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Six Flags Entertainment Corporation (FUN) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to FUN Debate Forum (3) ↓

🔴 RISK WATCH TradingView • 23h ago

Six Flags Entertainment Corporation Stock 12‑Month Price Target Cut to $20.79, Implies 72% Upside

TradingView report covering Six Flags Entertainment Corporation (FUN) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Yahoo Finance • 1d ago

Six Flags to Announce 2026 Third Quarter Results on November 5; Earnings Call Starts at 8 AM EST

Yahoo Finance report covering Six Flags Entertainment Corporation (FUN) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Seeking Alpha • 1d ago

Six Flags Entertainment plunges 14% after fatal roller coaster incident (FUN:NYSE)

Seeking Alpha report covering Six Flags Entertainment Corporation (FUN) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH The National Law Review • 1d ago

FUN Stock Drop Alert: Six Flags Stock Drops 14.4% Triggering Securities Fraud Investigation by BFA Law

The National Law Review report covering Six Flags Entertainment Corporation (FUN) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Simply Wall St • 1d ago

Six Flags Entertainment (NYSE:FUN) - Stock Analysis

Simply Wall St report covering Six Flags Entertainment Corporation (FUN) market action, institutional positioning, and fundamental catalysts.

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🟡 MARKET WIRE MarketBeat • 1d ago

Six Flags Entertainment Corporation (NYSE:FUN) Stock Has Average Target Price of $21.50

MarketBeat report covering Six Flags Entertainment Corporation (FUN) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH GuruFocus • 1d ago

Six Flags Entertainment (FUN) Shares Drop 10.8% After Fatal Inci

GuruFocus report covering Six Flags Entertainment Corporation (FUN) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Moomoo • 1d ago

Insiders' US$6.17m Investments In Red Following Six Flags Entertainment's US$275m Dip In Market Value

Moomoo report covering Six Flags Entertainment Corporation (FUN) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

FUN Bull vs. Bear Conversation Board — What's Your Call at $7.73?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON FUN 🐻 33% BEARISH CONVICTION

QU QuantViper RQD DEBATE OPENER • Systematic Momentum Desk 🐂 BULLISH 🎯 Target: $9.28 (+24.1%)

📌 Pinned Debate

The stock trades at $7.68 with a 52-week low of $6.6, leaving a 72% upside implied by the cited $20.79 target if that target is achieve

Here is why I am bullish on FUN here at $7.48: The stock trades at $7.68 with a 52-week low of $6.6, leaving a 72% upside implied by the cited $20.79 target if that target is achieved.. Compare FUN's -44.4% operating margin and -19.3% ROIC against the rest of Services-Misc. Amusement & Recreation. As long as cash conversion holds up, dips toward $7.11 are getting bought.

RetailWhale_TX 🐂 BULL

Both sides have a point here — FUN's 9/20 balance sheet score keeps downside contained, so the real swing factor next earnings call is backlog and FCF conversion.

FO ForensicBear RQD DEBATE OPENER • 10-K Footnote Auditor 🐻 BEARISH 🎯 Target: $6.36 (-15.0%)

Spot @ $7.48

Negative ROIC of -19.3%, a 0% FCF yield, and a Debt/Equity of 8.5 combine with a securities fraud investigation to weigh on the equity

Negative ROIC of -19.3%, a 0% FCF yield, and a Debt/Equity of 8.5 combine with a securities fraud investigation to weigh on the equity case.. Look at the math on FUN: paying current EV/EBITDA multiples for -19.3% ROIC and -44.4% operating margins leaves zero margin of safety if Services-Misc. Amusement & Recreation demand softens. I'd wait for a retest of $6.58 before getting long.