Six Flags Entertainment Corporation (FUN)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,704,630 | 620,689 | 1,653,140 | 1,225,750 | 153,564 |
| Revenue | US$ in thousands | 2,708,930 | 1,798,670 | 1,817,380 | 1,338,220 | 181,555 |
| Gross profit margin | 62.93% | 34.51% | 90.96% | 91.60% | 84.58% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,704,630K ÷ $2,708,930K
= 62.93%
The gross profit margin of Six Flags Entertainment Corporation has shown varying trends over the years based on the provided data. In December 2020, the gross profit margin stood at a robust 84.58%, indicating the company was efficiently generating revenue after accounting for the cost of goods sold. This margin further improved in December 2021 to 91.60%, suggesting enhanced profitability or better cost management.
However, there was a notable decline in the gross profit margin in December 2022 to 90.96%, though it still remained relatively high. The most significant drop occurred in December 2023, with the margin plummeting to 34.51%. Such a substantial decrease could indicate challenges such as increased costs or pricing pressures that impacted the company's profitability.
In December 2024, the gross profit margin recovered slightly to 62.93%, but it remained lower than the levels seen in previous years. This indicates that Six Flags may have implemented measures to address the profitability issues observed in the previous period, but further improvements may be necessary to regain the high margins experienced earlier.
Overall, the fluctuating gross profit margin of Six Flags Entertainment Corporation underscores the importance of closely monitoring and managing costs, pricing strategies, and overall operational efficiency to sustain profitability in the highly competitive amusement park industry.
Peer comparison
Dec 31, 2024