Six Flags Entertainment Corporation (FUN)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 172,602 | 371,657 | -28,483 | -728,158 | 215,154 |
| Revenue | US$ in thousands | 1,798,670 | 1,817,380 | 1,338,220 | 181,555 | 1,474,920 |
| Pretax margin | 9.60% | 20.45% | -2.13% | -401.07% | 14.59% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $172,602K ÷ $1,798,670K
= 9.60%
The pretax margin of Six Flags Entertainment Corporation has shown significant variability over the past five years. In 2023, the pretax margin stood at 9.60%, which represents a decrease compared to the previous year when it was 20.45%. This decline indicates a decrease in the company's ability to generate profits before accounting for taxes in 2023 compared to 2022.
In 2021, the company reported a negative pretax margin of -2.13%, indicating that it incurred losses before tax expenses. This was a notable contrast to the positive pretax margins reported in the surrounding years.
The most significant deviation was observed in 2020, where the pretax margin plummeted to -401.07%. This steep decline suggests severe financial challenges faced by the company during that year, potentially due to exceptional circumstances or significant one-time expenses.
However, in 2019, the company demonstrated a relatively healthy pretax margin of 14.59%, indicating a solid performance in generating profits before tax. Overall, the analysis of Six Flags Entertainment Corporation's pretax margin underscores the importance of monitoring profitability trends and identifying factors that influence financial performance over time.
Peer comparison
Dec 31, 2023