Six Flags Entertainment Corporation (FUN)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,582,955 | 1,269,477 | 1,199,239 | 1,283,204 | 1,419,623 | 1,633,266 | 1,631,320 | 1,639,299 | 1,653,137 | 1,642,239 | 1,566,150 | 1,306,328 | 1,225,753 | 927,759 | 309,676 | 113,750 | 153,564 | 364,564 | 944,782 | 1,336,583 |
| Revenue (ttm) | US$ in thousands | 2,708,921 | 2,392,734 | 1,886,363 | 1,815,729 | 1,798,668 | 1,793,539 | 1,794,593 | 1,803,102 | 1,817,383 | 1,802,325 | 1,712,666 | 1,427,312 | 1,338,219 | 1,021,160 | 355,213 | 137,662 | 181,555 | 404,924 | 1,031,979 | 1,461,583 |
| Gross profit margin | 58.43% | 53.06% | 63.57% | 70.67% | 78.93% | 91.06% | 90.90% | 90.92% | 90.96% | 91.12% | 91.45% | 91.52% | 91.60% | 90.85% | 87.18% | 82.63% | 84.58% | 90.03% | 91.55% | 91.45% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,582,955K ÷ $2,708,921K
= 58.43%
The gross profit margin of Six Flags Entertainment Corporation has shown fluctuations over the period from March 31, 2020, to December 31, 2024.
- The margin started strong at 91.45% in March 2020 and peaked at 91.60% in December 2021.
- However, there was a significant decrease in December 2023 when the margin dropped to 78.93%. This decline continued into the following periods.
- By December 31, 2024, the gross profit margin had further declined to 58.43% reflecting a substantial decrease from the initial levels.
The trend indicates a favorable performance initially with high gross profit margins but demonstrates a worrying downward trend in recent periods. Further analysis of the company's cost structure and revenue generation may be necessary to understand the reasons behind the declining gross profit margins.
Peer comparison
Dec 31, 2024