Six Flags Entertainment Corporation (FUN)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 34,178 | 172,602 | 371,657 | -28,483 | -728,158 |
| Revenue | US$ in thousands | 2,708,930 | 1,798,670 | 1,817,380 | 1,338,220 | 181,555 |
| Pretax margin | 1.26% | 9.60% | 20.45% | -2.13% | -401.07% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $34,178K ÷ $2,708,930K
= 1.26%
The pretax margin of Six Flags Entertainment Corporation has shown significant fluctuations over the years. The margin was extremely negative in December 31, 2020, at -401.07%, indicating that the company incurred substantial losses before taxes during that period. However, there was a notable improvement by December 31, 2021, when the pretax margin improved to -2.13%, although it was still negative.
In the following years, there was a positive turnaround in the company's profitability. By December 31, 2022, the pretax margin increased significantly to 20.45%, reflecting a substantial improvement in the company's ability to generate profits before taxes. The trend continued in December 31, 2023, with a pretax margin of 9.60%, indicating continued profitability.
However, by December 31, 2024, the pretax margin of Six Flags Entertainment Corporation declined to 1.26%, suggesting a slight decrease in profitability compared to the previous year. Overall, the company has shown a volatile pretax margin performance, with significant improvements from negative margins to positive margins in the latter years, though with a slight dip in profitability in the most recent period.
Peer comparison
Dec 31, 2024