Six Flags Entertainment Corporation (FUN)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 9,679 | 62,031 | 173,891 | 165,355 | 172,602 | 189,728 | 317,762 | 320,680 | 371,657 | 332,644 | 130,194 | -9,429 | -28,483 | -131,652 | -490,057 | -589,887 | -728,158 | -598,878 | -193,454 | 53,828 |
| 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 |
| Pretax margin | 0.36% | 2.59% | 9.22% | 9.11% | 9.60% | 10.58% | 17.71% | 17.78% | 20.45% | 18.46% | 7.60% | -0.66% | -2.13% | -12.89% | -137.96% | -428.50% | -401.07% | -147.90% | -18.75% | 3.68% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $9,679K ÷ $2,708,921K
= 0.36%
The pretax margin is a measure of a company's profitability before considering taxes. This ratio indicates how efficiently a company is operating in terms of generating profits from its operating revenue.
Analyzing the pretax margin trend of Six Flags Entertainment Corporation over the period from March 31, 2020, to December 31, 2024, reveals fluctuating performance:
- In March 2020, the pretax margin was at 3.68%, indicating that the company was able to generate profits before taxes, although the margin was relatively low.
- The pretax margin sharply declined to -18.75% in June 2020, indicating that the company was experiencing losses before taxes, possibly due to challenging economic conditions or internal factors.
- The negative trend continued through September 2020, reaching -147.90%, and further deteriorated to -401.07% by December 2020, indicating significant losses.
- The negative pretax margins continued into the first half of 2021, with a low of -428.50% in March 2021. This period likely reflects persistent challenges impacting profitability.
- From June 2021 onwards, the company began to show signs of improvement, with pretax margins gradually moving towards positive territory.
- By September 2023, the pretax margin improved to 10.58%, indicating that the company was becoming more profitable.
- The positive trend continued through December 2024, with the pretax margin reaching 0.36%, a sign that the company was able to generate profits before taxes.
Overall, the pretax margin analysis shows that Six Flags Entertainment Corporation faced significant challenges in profitability in the past but managed to improve its performance and return to positive pretax margins by the end of 2024. Monitoring this ratio going forward will be crucial to assess the company's ongoing operational efficiency and profitability.
Peer comparison
Dec 31, 2024