Six Flags Entertainment Corporation (FUN)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 346,518 | 378,575 | 148,335 | -459,885 | 309,439 |
| Revenue | US$ in thousands | 1,798,670 | 1,817,380 | 1,338,220 | 181,555 | 1,474,920 |
| Operating profit margin | 19.27% | 20.83% | 11.08% | -253.30% | 20.98% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $346,518K ÷ $1,798,670K
= 19.27%
The operating profit margin for Six Flags Entertainment Corporation has shown varying levels of performance over the past five years. In 2023, the operating profit margin was 19.27%, indicating that the company generates $0.1927 in operating profit for every $1 of revenue. The margin decreased from the previous year, where it was 20.83%, but still remains at a relatively healthy level.
In 2021, the operating profit margin was 11.08%, showing a lower level of profitability compared to the peak in 2019 when it was 20.98%. It is important to note that in 2020, the operating profit margin was negative at -253.30%, indicating that the company incurred operating losses exceeding its revenue. This anomaly may have been driven by exceptional circumstances such as the impact of the COVID-19 pandemic on the company's operations.
Overall, the trend in operating profit margin for Six Flags Entertainment Corporation displays volatility, with fluctuations in profitability levels. It is essential for the company to closely monitor its cost structure and revenue generation to improve and stabilize its operating profit margins in the future.
Peer comparison
Dec 31, 2023