United Parks & Resorts Inc. (PRKS) 10-Year Financial Performance & Capital Metrics

PRKS • • Industrial / General

Consumer CyclicalLeisureAmusement & Entertainment ParksTheme Park Operators

AboutUnited Parks & Resorts Inc., together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia. The company also operates water park attractions in Orlando, Florida; San Antonio, Texas; San Diego, California; Chula Vista, California; Tampa, Florida; and Williamsburg, Virginia. In addition, it operates a reservations-only theme park in Orlando, Florida and a park in Langhorne, Pennsylvania. The company operates a portfolio of twelve theme parks under the SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Water Country USA, Adventure Island, and Sesame Place brands. The company was formerly known as SeaWorld Entertainment, Inc. and changed its name to United Parks & Resorts Inc. in February 2024. SeaWorld Entertainment, Inc. was founded in 1959 and is headquartered in Orlando, Florida.Show more

Revenue $1.73B
EBITDA $627M +2.1%
Net Income $227M -2.9%
EPS (Diluted) 3.79 +4.4%
Gross Margin 92.38%
EBITDA Margin 36.33% +2.2%
Operating Margin 26.85% +0.8%
Net Margin 13.19% -2.8%
ROE -
ROIC 19.56% -1.3%
Debt/Equity -
Interest Coverage 2.76 -11.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 20.5%
✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 7.0% through buybacks

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.27%

5Y4.29%

3Y4.69%

TTM-3.27%

Profit (Net Income) CAGR

10Y16.38%

5Y20.52%

3Y-3.92%

TTM-24.39%

EPS CAGR

10Y20.86%

5Y28.07%

3Y5.58%

TTM-18.03%

ROCE

10Y Avg11.57%

5Y Avg15.09%

3Y Avg22.62%

Latest21.18%

Peer Comparison

Theme Park Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PRKSUnited Parks & Resorts Inc.	2.08B	38.09	10.05	-0.07%	10.83%		11.15%
GDHGGOLDEN HEAVEN GROUP HOLDINGS LTD.	5.28M	2.15	-1.83	-29.74%	-31.5%	-11.69%		0.12
FUNSix Flags Entertainment Corporation	1.61B	15.88	-6.90	50.61%	-55.65%	-202.66%	3.26%	2.26

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.37B	1.34B	1.26B	1.37B	1.4B	431.78M	1.5B	1.73B	1.73B	1.73B
Revenue Growth %	-0%	-0.02%	-0.06%	0.09%	0.02%	-0.69%	2.48%	0.15%	-0%	-0%
Cost of Goods Sold+	812.73M	997.03M	953.52M	973.51M	916.47M	36.71M	114.29M	135.22M	131.7M	131.41M
COGS % of Revenue	0.59%	0.74%	0.75%	0.71%	0.66%	0.09%	0.08%	0.08%	0.08%	0.08%
Gross Profit+	558.28M	347.26M	309.81M	398.78M	481.78M	395.07M	1.39B	1.6B	1.59B	1.59B
Gross Margin %	0.41%	0.26%	0.25%	0.29%	0.34%	0.91%	0.92%	0.92%	0.92%	0.92%
Gross Profit Growth %	0.03%	-0.38%	-0.11%	0.29%	0.21%	-0.18%	2.52%	0.15%	-0%	-0%
Operating Expenses+	413.88M	238.56M	228.84M	217.62M	229.6M	636.73M	957.48M	1.09B	1.14B	1.13B
OpEx % of Revenue	0.3%	0.18%	0.18%	0.16%	0.16%	1.47%	0.64%	0.63%	0.66%	0.66%
Selling, General & Admin	214.07M	238.56M	228.84M	217.62M	229.6M	94.89M	184.87M	200.07M	221.24M	216.9M
SG&A % of Revenue	0.16%	0.18%	0.18%	0.16%	0.16%	0.22%	0.12%	0.12%	0.13%	0.13%
Research & Development	0	0	0	3.7M	2.2M	0	0	0	0	0
R&D % of Revenue	-	-	-	0%	0%	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	541.85M	772.61M	888.41M	913.9M	909.8M
Operating Income+	161.7M	108.7M	80.97M	181.15M	252.18M	-241.66M	431.96M	507.53M	459.75M	463.29M
Operating Margin %	0.12%	0.08%	0.06%	0.13%	0.18%	-0.56%	0.29%	0.29%	0.27%	0.27%
Operating Income Growth %	-0.08%	-0.33%	-0.26%	1.24%	0.39%	-1.96%	2.79%	0.17%	-0.09%	0.01%
EBITDA+	341.19M	274.65M	244.26M	342.11M	412.73M	-91.12M	580.62M	660.15M	613.96M	626.73M
EBITDA Margin %	0.25%	0.2%	0.19%	0.25%	0.3%	-0.21%	0.39%	0.38%	0.36%	0.36%
EBITDA Growth %	-0.02%	-0.2%	-0.11%	0.4%	0.21%	-1.22%	7.37%	0.14%	-0.07%	0.02%
D&A (Non-Cash Add-back)	179.48M	165.95M	163.29M	160.96M	160.56M	150.55M	148.66M	152.62M	154.21M	163.44M
EBIT	161.7M	108.7M	80.97M	143.62M	213.18M	-241.94M	372.99M	507.57M	459.77M	459.29M
Net Interest Income+	-65.57M	-62.66M	-78M	-80.91M	-84.18M	-100.91M	-116.64M	-117.5M	-146.67M	-167.76M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	65.57M	62.66M	78M	80.91M	84.18M	100.91M	116.64M	117.5M	146.67M	167.76M
Other Income/Expense	-86.61M	-62.79M	-368.36M	-88.96M	-84.2M	-101.18M	-175.61M	-117.46M	-146.65M	-171.76M
Pretax Income+	72.83M	-3.2M	-287.39M	62.7M	129M	-342.85M	256.35M	390.07M	313.11M	291.53M
Pretax Margin %	0.05%	-0%	-0.23%	0.05%	0.09%	-0.79%	0.17%	0.23%	0.18%	0.17%
Income Tax+	23.7M	9.33M	-85.01M	17.91M	39.53M	-30.52M	-164K	98.88M	78.91M	64.03M
Effective Tax Rate %	0.67%	3.91%	0.7%	0.71%	0.69%	0.91%	1%	0.75%	0.75%	0.78%
Net Income+	49.13M	-12.53M	-202.39M	44.79M	89.48M	-312.32M	256.51M	291.19M	234.2M	227.5M
Net Margin %	0.04%	-0.01%	-0.16%	0.03%	0.06%	-0.72%	0.17%	0.17%	0.14%	0.13%
Net Income Growth %	-0.02%	-1.26%	-15.15%	1.22%	1%	-4.49%	1.82%	0.14%	-0.2%	-0.03%
Net Income (Continuing)	49.13M	-12.53M	-202.39M	44.79M	89.48M	-312.32M	256.51M	291.19M	234.2M	227.5M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.57	-0.15	-2.36	0.52	1.10	-3.99	3.22	4.14	3.63	3.79
EPS Growth %	0%	-1.26%	-14.73%	1.22%	1.12%	-4.63%	1.81%	0.29%	-0.12%	0.04%
EPS (Basic)	0.57	-0.15	-2.36	0.52	1.11	-3.99	3.28	4.18	3.66	3.82
Diluted Shares Outstanding	85.98M	84.92M	85.81M	86.91M	81.04M	78.19M	79.58M	70.28M	64.49M	60.01M
Basic Shares Outstanding	86.2M	84.92M	85.81M	86.17M	80.31M	78.19M	78.3M	69.61M	63.95M	59.55M
Dividend Payout Ratio	1.47%	-	-	0.01%	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	106.08M	153.69M	118.78M	146.57M	169.15M	507.44M	567.4M	233.7M	390.18M	270.43M
Cash & Short-Term Investments	18.97M	69.38M	34M	35.01M	39.95M	433.91M	443.71M	79.2M	246.92M	115.89M
Cash Only	18.97M	69.38M	34M	35.01M	39.95M	433.91M	443.71M	79.2M	246.92M	115.89M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	39.54M	36.73M	42.4M	57.98M	82.64M	30.41M	76.95M	71.05M	73.84M	79.44M
Days Sales Outstanding	10.53	9.97	12.25	15.42	21.57	25.71	18.68	14.98	15.61	16.81
Inventory	31.21M	28.68M	30.89M	35.81M	33.16M	30.7M	29.48M	55.19M	49.24M	45.85M
Days Inventory Outstanding	14.02	10.5	11.82	13.43	13.21	305.23	94.14	148.98	136.46	127.34
Other Current Assets	6.66M	7.48M	6.8M	9.02M	8.74M	8.49M	0	20.42M	16.71M	23.35M
Total Non-Current Assets+	2.28B	2.23B	1.97B	1.97B	2.13B	2.06B	2.04B	2.09B	2.23B	2.3B
Property, Plant & Equipment	1.72B	1.67B	1.68B	1.69B	1.87B	1.8B	1.78B	1.84B	1.97B	2.02B
Fixed Asset Turnover	0.80x	0.81x	0.75x	0.81x	0.75x	0.24x	0.85x	0.94x	0.88x	0.86x
Goodwill	335.61M	335.61M	66.28M	66.28M	66.28M	66.28M	66.28M	66.28M	66.28M	66.28M
Intangible Assets	196.93M	190.71M	183.9M	178.56M	157M	157M	157M	157M	157.77M	157.85M
Long-Term Investments	0	0	-4K	3.11M	0	0	0	0	0	0
Other Non-Current Assets	31.05M	9.83M	8.77M	5.53M	14.18M	15.26M	18.27M	19.32M	33.48M	56.17M
Total Assets+	2.39B	2.38B	2.09B	2.12B	2.3B	2.57B	2.61B	2.33B	2.63B	2.57B
Asset Turnover	0.57x	0.57x	0.61x	0.65x	0.61x	0.17x	0.58x	0.74x	0.66x	0.67x
Asset Growth %	-0.01%	-0%	-0.12%	0.01%	0.09%	0.12%	0.02%	-0.11%	0.13%	-0.02%
Total Current Liabilities+	229.31M	263.61M	253.47M	310.67M	402.66M	317.12M	371.97M	409.21M	410.92M	412.87M
Accounts Payable	93.74M	87.68M	100.57M	120.02M	131.5M	105.37M	134.31M	159.95M	160.61M	163.55M
Days Payables Outstanding	42.1	32.1	38.5	45	52.37	1.05K	428.95	431.76	445.14	454.29
Short-Term Debt	31.85M	51.71M	38.71M	45.51M	65.5M	15.51M	12M	12M	12M	15.42M
Deferred Revenue (Current)	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	80.25M	24.81M	21.41M	26.72M	7.49M	7.54M	8.21M	8.61M	13.22M	19.96M
Current Ratio	0.46x	0.58x	0.47x	0.47x	0.42x	1.60x	1.53x	0.57x	0.95x	0.65x
Quick Ratio	0.33x	0.47x	0.35x	0.36x	0.34x	1.50x	1.45x	0.44x	0.83x	0.54x
Cash Conversion Cycle	-17.56	-11.63	-14.43	-16.15	-17.59	-716.67	-316.13	-267.8	-293.07	-310.14
Total Non-Current Liabilities+	1.66B	1.65B	1.54B	1.54B	1.69B	2.36B	2.27B	2.35B	2.42B	2.62B
Long-Term Debt	1.57B	1.53B	1.5B	1.49B	1.48B	2.18B	2.1B	2.1B	2.09B	2.23B
Capital Lease Obligations	0	0	0	2.82M	124.34M	120.14M	117.05M	115.4M	112.72M	115.12M
Deferred Tax Liabilities	0	70.03M	0	10.71M	42.77M	15.77M	12.8M	96.63M	164.95M	213.32M
Other Non-Current Liabilities	86.73M	52.33M	40.35M	21.52M	37.23M	41.99M	37.58M	43.16M	51.48M	65.07M
Total Liabilities	1.88B	1.92B	1.8B	1.85B	2.09B	2.67B	2.64B	2.76B	2.83B	3.04B
Total Debt+	1.58B	1.58B	1.54B	1.54B	1.68B	2.32B	2.24B	2.23B	2.22B	2.36B
Net Debt	1.56B	1.51B	1.51B	1.51B	1.64B	1.88B	1.79B	2.15B	1.97B	2.25B
Debt / Equity	3.14x	3.43x	5.37x	5.81x	7.95x	-	-	-	-	-
Debt / EBITDA	4.63x	5.76x	6.31x	4.50x	4.06x	-	3.85x	3.38x	3.62x	3.77x
Net Debt / EBITDA	4.58x	5.51x	6.18x	4.40x	3.96x	-	3.09x	3.26x	3.22x	3.59x
Interest Coverage	2.47x	1.73x	1.04x	2.24x	3.00x	-2.39x	3.70x	4.32x	3.13x	2.76x
Total Equity+	504.12M	461.21M	287.47M	265.19M	210.89M	-105.8M	-33.92M	-437.66M	-208.22M	-461.54M
Equity Growth %	-0.13%	-0.09%	-0.38%	-0.08%	-0.2%	-1.5%	0.68%	-11.9%	0.52%	-1.22%
Book Value per Share	5.86	5.43	3.35	3.05	2.60	-1.35	-0.43	-6.23	-3.23	-7.69
Total Shareholders' Equity	504.12M	461.21M	287.47M	265.19M	210.89M	-105.8M	-33.92M	-437.66M	-208.22M	-461.54M
Common Stock	903K	919K	926K	934K	940K	946K	955K	963K	967K	971K
Retained Earnings	46.46M	7.52M	-194.84M	-148.96M	-59.48M	-371.8M	-115.29M	175.9M	410.1M	637.6M
Treasury Stock	-154.87M	-154.87M	-154.87M	-252.9M	-402.9M	-415.31M	-631.06M	-1.32B	-1.34B	-1.83B
Accumulated OCI	-13.14M	-13.69M	-5.08M	2.28M	-1.56M	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	286.27M	280.41M	192.46M	293.94M	348.42M	-120.73M	503.01M	564.59M	504.92M	480.14M
Operating CF Margin %	0.21%	0.21%	0.15%	0.21%	0.25%	-0.28%	0.33%	0.33%	0.29%	0.28%
Operating CF Growth %	0.09%	-0.02%	-0.31%	0.53%	0.19%	-1.35%	5.17%	0.12%	-0.11%	-0.05%
Net Income	49.13M	-12.53M	-202.39M	44.79M	89.48M	-312.32M	256.51M	291.19M	234.2M	227.5M
Depreciation & Amortization	179.48M	165.95M	163.29M	160.96M	160.56M	150.55M	148.66M	152.62M	154.21M	163.44M
Stock-Based Compensation	6.53M	37.52M	23.2M	22.15M	11.11M	7.47M	39.72M	18.16M	17.03M	13.67M
Deferred Taxes	0	8.94M	-86.48M	16.89M	38M	-31.41M	-4.12M	95.49M	72.64M	50.69M
Other Non-Cash Items	34.29M	14.97M	295.81M	32.29M	8.06M	11.07M	64.25M	21.51M	36.65M	44.34M
Working Capital Changes	-12.89M	31.88M	-989K	16.85M	41.22M	53.92M	-2.01M	-14.38M	-9.81M	-19.5M
Change in Receivables	-3.62M	2.11M	-3M	-24.35M	10.87M	24.76M	-58.93M	10.33M	-4.53M	-10.93M
Change in Inventory	1.23M	2.5M	-3.29M	-4.62M	721K	2.27M	644K	-27.11M	5.37M	2.6M
Change in Payables	0	3.6M	7.35M	13.32M	2.73M	1.64M	20.05M	7.85M	-8.89M	13.25M
Cash from Investing+	-157.38M	-160.29M	-170.87M	-180.03M	-195.19M	-109.17M	-128.85M	-200.71M	-305.61M	-248.5M
Capital Expenditures	-157.3M	-160.52M	-172.52M	-179.77M	-195.22M	-109.17M	-128.85M	-200.71M	-304.84M	-248.43M
CapEx % of Revenue	0.11%	0.12%	0.14%	0.13%	0.14%	0.25%	0.09%	0.12%	0.18%	0.14%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-75K	0	1.64M	-259K	24K	0	0	0	-771K	-75K
Cash from Financing+	-153.83M	-70.14M	-56.97M	-112.9M	-147.31M	624.2M	-364.9M	-726.05M	-34.71M	-362.66M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-72.32M	-65.31M	-1.54M	-325K	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-19.71M	-1.55M	-17.47M	-7.88M	-1.8M	-11.54M	-38.64M	-20.43M	-4.85M	-15.98M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	128.97M	119.89M	19.94M	114.17M	153.2M	-229.9M	374.16M	363.88M	200.08M	231.71M
FCF Margin %	0.09%	0.09%	0.02%	0.08%	0.11%	-0.53%	0.25%	0.21%	0.12%	0.13%
FCF Growth %	0.21%	-0.07%	-0.83%	4.73%	0.34%	-2.5%	2.63%	-0.03%	-0.45%	0.16%
FCF per Share	1.50	1.41	0.23	1.31	1.89	-2.94	4.70	5.18	3.10	3.86
FCF Conversion (FCF/Net Income)	5.83x	-22.38x	-0.95x	6.56x	3.89x	0.39x	1.96x	1.94x	2.16x	2.11x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	9.07%	-2.6%	-54.06%	16.21%	37.59%	-594.39%	-	-	-	-
Return on Invested Capital (ROIC)	5.8%	4.04%	3.22%	7.62%	10.46%	-10%	18.32%	21.93%	19.82%	19.56%
Gross Margin	40.72%	25.83%	24.52%	29.06%	34.46%	91.5%	92.4%	92.19%	92.37%	92.38%
Net Margin	3.58%	-0.93%	-16.02%	3.26%	6.4%	-72.33%	17.06%	16.82%	13.56%	13.19%
Debt / Equity	3.14x	3.43x	5.37x	5.81x	7.95x	-	-	-	-	-
Interest Coverage	2.47x	1.73x	1.04x	2.24x	3.00x	-2.39x	3.70x	4.32x	3.13x	2.76x
FCF Conversion	5.83x	-22.38x	-0.95x	6.56x	3.89x	0.39x	1.96x	1.94x	2.16x	2.11x
Revenue Growth	-0.49%	-1.95%	-6.02%	8.63%	1.89%	-69.12%	248.26%	15.13%	-0.27%	-0.07%

Revenue by Segment

	2024
Admission	939.63M
Admission Growth	-
Food Merchandise And Other Revenue	785.67M
Food Merchandise And Other Revenue Growth	-

Frequently Asked Questions

Valuation & Price

United Parks & Resorts Inc. (PRKS) has a price-to-earnings (P/E) ratio of 10.1x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

United Parks & Resorts Inc. (PRKS) reported $1.67B in revenue for fiscal year 2024. This represents a 15% increase from $1.46B in 2013.

United Parks & Resorts Inc. (PRKS) saw revenue decline by 0.1% over the past year.

Yes, United Parks & Resorts Inc. (PRKS) is profitable, generating $181.2M in net income for fiscal year 2024 (13.2% net margin).

Dividend & Returns

United Parks & Resorts Inc. (PRKS) generated $220.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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