Tearsheet

United Parks & Resorts (PRKS)


Market Price (12/29/2025): $35.995 | Market Cap: $2.0 Bil
Sector: Consumer Discretionary | Industry: Leisure Facilities

United Parks & Resorts (PRKS)


Market Price (12/29/2025): $35.995
Market Cap: $2.0 Bil
Sector: Consumer Discretionary
Industry: Leisure Facilities

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.0%, FCF Yield is 11%
Weak multi-year price returns
2Y Excs Rtn is -75%, 3Y Excs Rtn is -113%
Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 110%
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 23%
Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11%
Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.3%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.7%, Rev Chg QQuarterly Revenue Change % is -6.2%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13%
  Key risks
PRKS key risks include [1] heightened competitive pressure from the anticipated launch of Universal's Epic Universe and [2] its weakened financial performance, Show more.
3 Low stock price volatility
Vol 12M is 50%
  
4 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization. Themes include Travel & Leisure Tech, and Experiential Retail.
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.0%, FCF Yield is 11%
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 23%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13%
3 Low stock price volatility
Vol 12M is 50%
4 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization. Themes include Travel & Leisure Tech, and Experiential Retail.
5 Weak multi-year price returns
2Y Excs Rtn is -75%, 3Y Excs Rtn is -113%
6 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11%
7 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 110%
8 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.3%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.7%, Rev Chg QQuarterly Revenue Change % is -6.2%
9 Key risks
PRKS key risks include [1] heightened competitive pressure from the anticipated launch of Universal's Epic Universe and [2] its weakened financial performance, Show more.

Valuation, Metrics & Events

PRKS Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

Here are the key points explaining the -31.6% movement in United Parks & Resorts (PRKS) stock from approximately August 31, 2025, to today:

1. Disappointing Third Quarter 2025 Earnings. United Parks & Resorts reported third-quarter revenue of $511.9 million, a 6.2% decrease from Q3 2024, missing analyst consensus estimates of $539.4 million. Earnings per share (EPS) of $1.61 also fell short of the expected $2.24, representing a 28% miss.

2. Decline in Park Attendance. The company experienced a 3.4% decrease in attendance during the third quarter of 2025, amounting to approximately 240,000 fewer guests compared to the same period in 2024. This decline was attributed to an unfavorable calendar shift around the Fourth of July holiday and adverse weather conditions on key peak weekends.

Show more

Stock Movement Drivers

Fundamental Drivers

The -30.4% change in PRKS stock from 9/28/2025 to 12/28/2025 was primarily driven by a -18.7% change in the company's P/E Multiple.
928202512282025Change
Stock Price ($)51.7235.99-30.41%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1707.451673.40-1.99%
Net Income Margin (%)12.39%10.83%-12.60%
P/E Multiple13.4410.93-18.70%
Shares Outstanding (Mil)54.9955.03-0.07%
Cumulative Contribution-30.41%

LTM = Last Twelve Months as of date shown

Market Drivers

9/28/2025 to 12/28/2025
ReturnCorrelation
PRKS-30.4% 
Market (SPY)4.3%34.7%
Sector (XLY)1.8%45.8%

Fundamental Drivers

The -24.0% change in PRKS stock from 6/29/2025 to 12/28/2025 was primarily driven by a -16.6% change in the company's Net Income Margin (%).
629202512282025Change
Stock Price ($)47.3335.99-23.96%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1714.831673.40-2.42%
Net Income Margin (%)12.98%10.83%-16.57%
P/E Multiple11.7010.93-6.57%
Shares Outstanding (Mil)55.0255.03-0.03%
Cumulative Contribution-23.96%

LTM = Last Twelve Months as of date shown

Market Drivers

6/29/2025 to 12/28/2025
ReturnCorrelation
PRKS-24.0% 
Market (SPY)12.6%33.1%
Sector (XLY)11.9%43.6%

Fundamental Drivers

The -35.1% change in PRKS stock from 12/28/2024 to 12/28/2025 was primarily driven by a -21.8% change in the company's Net Income Margin (%).
1228202412282025Change
Stock Price ($)55.4335.99-35.07%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1729.881673.40-3.27%
Net Income Margin (%)13.85%10.83%-21.84%
P/E Multiple13.2510.93-17.51%
Shares Outstanding (Mil)57.2955.033.94%
Cumulative Contribution-35.17%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2024 to 12/28/2025
ReturnCorrelation
PRKS-35.1% 
Market (SPY)17.0%52.2%
Sector (XLY)7.0%57.0%

Fundamental Drivers

The -31.5% change in PRKS stock from 12/29/2022 to 12/28/2025 was primarily driven by a -40.9% change in the company's Net Income Margin (%).
1229202212282025Change
Stock Price ($)52.5135.99-31.46%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1711.541673.40-2.23%
Net Income Margin (%)18.33%10.83%-40.93%
P/E Multiple11.2410.93-2.79%
Shares Outstanding (Mil)67.1855.0318.08%
Cumulative Contribution-33.70%

LTM = Last Twelve Months as of date shown

Market Drivers

12/29/2023 to 12/28/2025
ReturnCorrelation
PRKS-31.9% 
Market (SPY)48.4%46.7%
Sector (XLY)38.6%50.2%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
PRKS Return-0%105%-17%-1%6%-37%12%
Peers Return16%38%-12%21%26%16%150%
S&P 500 Return16%27%-19%24%23%18%114%

Monthly Win Rates [3]
PRKS Win Rate58%58%42%50%58%33% 
Peers Win Rate52%65%42%68%57%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
PRKS Max Drawdown-76%-13%-38%-23%-13%-46% 
Peers Max Drawdown-34%-5%-26%-7%-9%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique KeyEventPRKSS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-45.7%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven84.1%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-79.8%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven394.4%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven338 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-45.6%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven83.8%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven196 days120 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

United Parks & Resorts's stock fell -45.7% during the 2022 Inflation Shock from a high on 3/31/2022. A -45.7% loss requires a 84.1% gain to breakeven.

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About United Parks & Resorts (PRKS)

SeaWorld Entertainment, Inc., together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia. It also operates water park attractions in Orlando, Florida; San Antonio, Texas; San Diego, California; Chula Vista, California; Tampa, Florida; and Williamsburg, Virginia. In addition, the company operates a reservations-only theme park in Orlando, Florida and a park in Langhorne, Pennsylvania. It operates a portfolio of twelve theme parks under the SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Water Country USA, Adventure Island, and Sesame Place brands. The company was formerly known as SW Holdco, Inc. and changed its name to SeaWorld Entertainment, Inc. in December 2012. SeaWorld Entertainment, Inc. was founded in 1959 and is headquartered in Orlando, Florida.

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Analogy 1: Like Disney Parks, but with a focus on marine life, animal encounters, and thrill rides.

Analogy 2: Similar to Six Flags, but integrating marine life parks and other animal encounters with its thrill rides.

AI Analysis | Feedback

  • Theme Park Admissions: Revenue generated from the sale of tickets providing guests access to the company's various theme parks, rides, shows, and animal exhibits.
  • In-Park Sales: Income derived from the sale of food, beverages, merchandise, and other retail items within the park premises.
  • Special Experiences & Upgrades: Revenue from unique add-on services such as animal encounters, guided tours, preferred seating, and skip-the-line passes.
  • Annual Passes & Memberships: Revenue from the sale of passes that offer guests extended or unlimited access to parks over a defined period, often with exclusive benefits.

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United Parks & Resorts (PRKS) Major Customers

United Parks & Resorts (symbol: PRKS) operates theme parks, water parks, and entertainment venues. As such, the company sells primarily to **individuals** rather than other businesses.

The major categories of individual customers it serves include:

  • Families with children: This significant demographic is drawn to the parks for family-friendly attractions, character interactions, educational entertainment, and a safe, immersive environment for all ages.
  • Young adults and teens: Seeking thrill rides, exciting live entertainment, special events, and social experiences, this group often visits with friends or as part of a family trip, prioritizing high-energy attractions.
  • Domestic and international tourists/vacationers: Individuals and groups traveling from outside the local area, often on multi-day trips, who visit the parks as a primary destination for leisure, entertainment, and a complete vacation experience.

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  • The Coca-Cola Company (KO)

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Marc Swanson, Chief Executive Officer

Marc Swanson is a nearly 20-year veteran of United Parks & Resorts, having been appointed Chief Executive Officer in April 2020 (interim) and then permanently in May 2021. Prior to his CEO role, he held numerous leadership positions within the company, including Chief Financial Officer and Treasurer, Chief Accounting Officer, Vice President, Performance Management and Corporate Controller, Corporate Controller of Busch Entertainment Corporation, and Vice President of Finance of Sesame Place. Earlier in his career, he worked as a financial analyst in the insurance industry before joining Anheuser-Busch, which at the time owned the entertainment division that included SeaWorld. Mr. Swanson holds a bachelor's degree in accounting from Purdue University and an MBA from DePaul University, and is a Certified Public Accountant. He is also a member of the Board of Trustees of the Orlando Science Center.

James Mikolaichik, Chief Financial Officer

James Mikolaichik has served as the Chief Financial Officer and Treasurer of United Parks & Resorts since November 2024. Before joining United Parks & Resorts, he was the Chief Financial Officer of MyEyeDr. from December 2022 to October 2024. MyEyeDr. is backed by the private equity firm Goldman Sachs Asset Management. Prior to MyEyeDr., Mr. Mikolaichik was the Chief Financial Officer of Diamond Resorts, a hospitality, vacation ownership, and entertainment company, from September 2018 until August 2021. Diamond Resorts was acquired by Hilton Grand Vacations in 2021. He has held various other roles within the travel and entertainment industry. Mr. Mikolaichik holds a bachelor's degree in accounting from Susquehanna University and an MBA from Columbia University.

G. Anthony (Tony) Taylor, Chief Legal Officer, General Counsel and Corporate Secretary

G. Anthony (Tony) Taylor has been the Chief Legal Officer, General Counsel, and Corporate Secretary of United Parks & Resorts since 2010. He has also led the Governmental Affairs team since 2017 and the company's Corporate Affairs group (which included Industry & Governmental Affairs, Corporate Communications, Community Affairs, Risk Management, and Corporate Social Responsibility) from 2013 to 2015. Before joining the company, Mr. Taylor served as Associate General Counsel of Anheuser-Busch Companies, Inc. from 2000 to 2010. From 1993 to 2000, he was a Principal at Blumenfeld Kaplan in St. Louis. Mr. Taylor holds bachelor's degrees in political science and speech communication from the University of Missouri and a Juris Doctor degree from Washington University.

Christopher Finazzo, Chief Commercial Officer

Christopher Finazzo serves as the Chief Commercial Officer for United Parks & Resorts. He previously served as a director of Carrols Restaurant Group, Inc. from February 2020 through July 2021, and as a director of Burger King Foundation Inc. from 2018 to July 2021. Mr. Finazzo holds a bachelor's degree in economics from the University of Connecticut.

Dr. Christopher Dold, Chief Zoological Officer

Dr. Christopher Dold was appointed Chief Zoological Officer of United Parks & Resorts in April 2016. Prior to this role, he served as Vice President, Veterinary Services from 2008 to April 2016 and as Senior Veterinarian at SeaWorld Orlando from 2005 to 2008. Before joining the company, Dr. Dold was a National Academies-National Research Council Postdoctoral Clinical Fellow with the US Navy Marine Mammal Program. He also completed a University of California-Davis Internship in Marine Mammal Medicine and Pathology at The Marine Mammal Center in Sausalito, California.

AI Analysis | Feedback

The key risks to United Parks & Resorts (PRKS) include:

  1. Macroeconomic Uncertainty and Impact on Consumer Spending: The company faces significant risk from macroeconomic uncertainty and recessions, which can directly reduce consumer discretionary spending on theme park attendance and in-park purchases. This has contributed to declining attendance, flat revenue, and shrinking profits for PRKS.
  2. Increased Competition: United Parks & Resorts is exposed to heightened competitive pressures, most notably with the anticipated launch of Universal's Epic Universe in Orlando, which is expected to create significant uncertainty in the demand outlook.
  3. Weakened Financial Performance and Operational Metrics: The business has experienced declining attendance, flat revenue, and shrinking profits, alongside weak admissions per capita trends. The ability to fund investments or reward shareholders is also restricted by a weak free cash flow margin.

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The rapid advancement and increasing accessibility of virtual reality (VR), augmented reality (AR), and other immersive digital entertainment platforms represent a clear emerging threat. These technologies are increasingly capable of delivering highly engaging and novel experiences, including simulated thrill rides, realistic virtual environments, and interactive animal encounters. As these platforms mature and become more widely adopted, they could compete directly for consumers' discretionary entertainment budgets and leisure time by offering comparable or superior novel experiences without the associated costs of travel, admission, or the ethical concerns sometimes linked to physical animal exhibits.

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United Parks & Resorts (symbol: PRKS) operates in the amusement park, water park, and marine park markets. The addressable market sizes for their main products and services are as follows:

  • Global Amusement Parks Market: The global amusement parks market is estimated at approximately USD 80.51 billion in 2025.
  • U.S. Amusement and Theme Park Market: The market size for amusement parks in the U.S. is approximately USD 33.3 billion in 2025.
  • Global Water Parks Market: The global water parks market is estimated to be valued at approximately USD 6.6 billion in 2025.
  • U.S. Water Parks Market: The market size for water parks in the U.S. is approximately USD 6.4 billion in 2025.
  • Global Marine Park or Ocean Park Market: The global marine park or ocean park market size is projected to reach approximately USD 3.4 billion by the end of 2025.

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Expected Drivers of Future Revenue Growth for United Parks & Resorts (PRKS)

Over the next 2-3 years, United Parks & Resorts (PRKS) is expected to drive future revenue growth through a combination of strategic investments in new attractions, sustained growth in in-park guest spending, and the expansion and enhancement of its pass programs.

1. Introduction of New Rides and Attractions

United Parks & Resorts plans to introduce several new rides and attractions across its parks in 2026, aiming to refresh consumer interest and significantly boost attendance. Key projects include "SEAQuest: Legends of the Deep" at SeaWorld Orlando, a reimagined "Shark Encounter" at SeaWorld San Diego, the "Barracuda Strike" coaster in San Antonio, and "Lion & Hyena Ridge" at Busch Gardens Tampa Bay. These new offerings are anticipated to be primary levers for recovery and future growth, attracting incremental visitors and driving demand.

2. Growth in In-Park Per Capita Spending

The company has consistently demonstrated strong performance in in-park per capita spending, achieving record levels in this metric. This trend is expected to continue as a significant revenue driver, supported by effective pricing strategies and the introduction of premium offerings. Management highlights that in-park spending per guest has shown consistent growth, indicating successful monetization of the guest experience beyond admission.

3. Expansion and Enhancement of Pass Programs

United Parks & Resorts is focused on improving and growing its pass base through new premium pass programs and by offering enhanced benefits for its 2026 pass program. These initiatives are designed to increase customer loyalty, encourage repeat visits, and provide a more stable, recurring revenue stream. Strong early sales of new premium pass programs indicate a positive outlook for this driver.

4. Increased Attendance and Optimized Operations

Despite recent attendance challenges influenced by external factors like adverse weather and calendar shifts, the company anticipates an increase in guest numbers under normalized operating conditions. Forward-looking indicators, such as double-digit percentage increases in 2025 intended date ticket sales, group bookings, and Discovery Cove bookings, suggest a strong rebound in attendance. The company is also implementing operational improvements and cost reduction plans to enhance overall financial performance.

5. International Expansion and Partnerships

United Parks & Resorts is actively exploring international expansion opportunities and strategic partnerships to diversify its revenue streams and reach new markets. The company plans to sign at least one additional international Memorandum of Understanding (MOU) in the coming months, indicating a commitment to leveraging global demand for its unique theme park experiences.

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Share Repurchases

  • United Parks & Resorts Inc. shareholders approved a new $500 million share repurchase program on September 3, 2025.
  • During fiscal year 2024, the company repurchased 9.4 million shares of common stock at a total cost of approximately $482.9 million.
  • Quarterly share buybacks for 2024 included $214.37 million in Q2 2024 and $211.91 million in Q3 2024.

Capital Expenditures

  • The company has made meaningful investments across its parks and business for 2025, focusing on new, one-of-a-kind rides and attractions, popular events, and improved in-park venues and offerings.
  • Planned new attractions for 2025 include SeaWorld San Diego's "Jewels of the Sea: The Jellyfish Experience" and SeaWorld Orlando's "Expedition Odyssey".
  • For 2026, new attractions are planned, including "SeaQuest: Legends of the Deep" and the "Barracuda Strike" coaster.

Better Bets than United Parks & Resorts (PRKS)

Trade Ideas

Select ideas related to PRKS. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE11302025BBWIBath & Body WorksDip BuyDB | Insider Buys | Low D/EDip Buy with Strong Insider Buying
Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
13.7%13.7%0.0%
HRB_11262025_Dip_Buyer_FCFYield11262025HRBH&R BlockDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
6.0%6.0%-0.1%
LRN_11262025_Dip_Buyer_FCFYield11262025LRNStrideDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
3.8%3.8%-4.4%
ABNB_11212025_Dip_Buyer_FCFYield11212025ABNBAirbnbDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
19.7%19.7%0.0%
MTN_11212025_Dip_Buyer_FCFYield11212025MTNVail ResortsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
2.3%2.3%-1.6%
PRKS_11072025_Dip_Buyer_ValueBuy11072025PRKSUnited Parks & ResortsDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-2.2%-2.2%-17.5%
PRKS_9302023_Dip_Buyer_ValueBuy09302023PRKSUnited Parks & ResortsDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
21.5%10.8%-11.0%
PRKS_8312022_Dip_Buyer_FCFYield08312022PRKSUnited Parks & ResortsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
29.4%-3.1%-9.7%

Recent Active Movers

More From Trefis

Peer Comparisons for United Parks & Resorts

Peers to compare with:

Financials

PRKSHPQHPEIBMCSCOAAPLMedian
NameUnited P.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Price35.9923.2624.49305.0978.16273.4057.08
Mkt Cap2.021.932.6284.9309.24,074.4158.8
Rev LTM1,67355,29534,29665,40257,696408,62556,496
Op Inc LTM3863,6241,64411,54412,991130,2147,584
FCF LTM2212,80062711,85412,73396,1847,327
FCF 3Y Avg2042,9781,40011,75313,879100,5037,366
CFO LTM4143,6972,91913,48313,744108,5658,590
CFO 3Y Avg4613,6723,89613,49814,736111,5598,697

Growth & Margins

PRKSHPQHPEIBMCSCOAAPLMedian
NameUnited P.HP Hewlett .Internat.Cisco Sy.Apple  
Rev Chg LTM-3.3%3.2%13.8%4.5%8.9%6.0%5.2%
Rev Chg 3Y Avg-0.7%-3.9%6.5%2.6%3.7%1.8%2.2%
Rev Chg Q-6.2%4.2%14.4%9.1%7.5%9.6%8.3%
QoQ Delta Rev Chg LTM-2.0%1.1%3.7%2.1%1.8%2.1%2.0%
Op Mgn LTM23.0%6.6%4.8%17.7%22.5%31.9%20.1%
Op Mgn 3Y Avg26.0%7.4%7.2%16.4%24.2%30.8%20.3%
QoQ Delta Op Mgn LTM-2.4%-0.2%-1.4%0.6%0.4%0.1%-0.1%
CFO/Rev LTM24.7%6.7%8.5%20.6%23.8%26.6%22.2%
CFO/Rev 3Y Avg26.9%6.8%12.7%21.4%26.1%28.4%23.8%
FCF/Rev LTM13.2%5.1%1.8%18.1%22.1%23.5%15.7%
FCF/Rev 3Y Avg11.9%5.5%4.6%18.6%24.6%25.6%15.3%

Valuation

PRKSHPQHPEIBMCSCOAAPLMedian
NameUnited P.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Cap2.021.932.6284.9309.24,074.4158.8
P/S1.20.41.04.45.410.02.8
P/EBIT5.26.819.925.122.531.321.2
P/E10.98.6572.736.029.941.033.0
P/CFO4.85.911.221.122.537.516.2
Total Yield9.1%14.1%2.3%5.0%5.4%2.8%5.2%
Dividend Yield0.0%2.5%2.1%2.2%2.1%0.4%2.1%
FCF Yield 3Y Avg7.0%10.6%5.5%6.4%6.0%3.1%6.2%
D/E1.20.50.70.20.10.00.4
Net D/E1.10.30.60.20.00.00.3

Returns

PRKSHPQHPEIBMCSCOAAPLMedian
NameUnited P.HP Hewlett .Internat.Cisco Sy.Apple  
1M Rtn-0.3%-3.6%12.7%-1.1%1.6%-2.0%-0.7%
3M Rtn-30.4%-11.9%2.7%7.9%17.0%7.1%4.9%
6M Rtn-24.0%-4.0%34.5%6.6%15.2%36.3%10.9%
12M Rtn-35.1%-27.0%16.2%40.5%34.5%7.5%11.8%
3Y Rtn-31.5%-3.7%67.3%141.3%79.6%114.1%73.5%
1M Excs Rtn-0.2%-5.6%12.9%-2.2%-0.0%-3.7%-1.2%
3M Excs Rtn-34.7%-16.2%-1.7%3.6%12.7%2.8%0.6%
6M Excs Rtn-36.2%-16.3%22.3%-5.7%3.0%24.0%-1.3%
12M Excs Rtn-49.5%-42.9%-0.7%25.0%19.9%-8.4%-4.6%
3Y Excs Rtn-113.0%-83.5%-11.2%59.6%-1.2%28.4%-6.2%

Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Single Segment1,727    
Admissions 965852255803
Food, merchandise and other 766652176595
Total1,7271,7311,5044321,398


Net Income by Segment
$ Mil20242023202220212020
Single Segment234    
Total234    


Price Behavior

Price Behavior
Market Price$35.99 
Market Cap ($ Bil)2.0 
First Trading Date04/19/2013 
Distance from 52W High-38.4% 
   50 Days200 Days
DMA Price$39.28$45.83
DMA Trenddowndown
Distance from DMA-8.4%-21.5%
 3M1YR
Volatility65.8%50.1%
Downside Capture299.79159.45
Upside Capture66.2791.72
Correlation (SPY)35.0%51.8%
PRKS Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta2.441.961.851.601.331.33
Up Beta0.411.701.951.551.421.37
Down Beta0.302.032.242.341.281.21
Up Capture108%47%35%72%89%147%
Bmk +ve Days13263974142427
Stock +ve Days9182857115362
Down Capture429%288%252%178%130%109%
Bmk -ve Days7162452107323
Stock -ve Days11233467132384

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of PRKS With Other Asset Classes (Last 1Y)
 PRKSSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-33.5%7.5%17.8%72.1%8.6%4.4%-8.2%
Annualized Volatility49.7%24.3%19.4%19.3%15.2%17.0%35.0%
Sharpe Ratio-0.650.240.722.700.340.09-0.08
Correlation With Other Assets 56.4%51.8%-0.6%15.1%52.4%26.8%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of PRKS With Other Asset Classes (Last 5Y)
 PRKSSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return3.5%9.6%14.7%18.7%11.5%4.6%30.8%
Annualized Volatility45.0%23.8%17.1%15.5%18.7%18.9%48.6%
Sharpe Ratio0.230.360.700.970.500.160.57
Correlation With Other Assets 52.2%50.3%1.6%16.3%43.7%25.0%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of PRKS With Other Asset Classes (Last 10Y)
 PRKSSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return7.2%13.2%14.8%15.3%7.0%5.3%69.2%
Annualized Volatility49.6%21.9%18.0%14.7%17.6%20.8%55.8%
Sharpe Ratio0.340.550.710.860.320.220.90
Correlation With Other Assets 48.9%46.1%1.1%20.4%42.4%15.7%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity6,153,676
Short Interest: % Change Since 113020257.7%
Average Daily Volume872,616
Days-to-Cover Short Interest7.05
Basic Shares Quantity55,032,000
Short % of Basic Shares11.2%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/6/2025-24.0%-27.3%-23.3%
8/7/20257.6%14.3%17.9%
5/12/20254.6%4.3%-9.4%
2/26/2025-3.2%-11.4%-12.2%
11/7/2024-3.2%3.2%5.2%
7/29/2024-5.0%-15.1%-10.7%
5/8/20245.0%10.0%5.6%
2/28/20248.5%8.5%9.2%
...
SUMMARY STATS   
# Positive121314
# Negative121110
Median Positive5.0%8.5%9.2%
Median Negative-3.5%-11.4%-11.3%
Max Positive17.1%20.8%39.7%
Max Negative-24.0%-27.3%-48.2%

SEC Filings

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Report DateFiling DateFiling
09/30/202511/07/202510-Q (09/30/2025)
06/30/202508/08/202510-Q (06/30/2025)
03/31/202505/12/202510-Q (03/31/2025)
12/31/202403/03/202510-K (12/31/2024)
09/30/202411/08/202410-Q (09/30/2024)
06/30/202408/08/202410-Q (06/30/2024)
03/31/202405/09/202410-Q (03/31/2024)
12/31/202302/29/202410-K (12/31/2023)
09/30/202311/09/202310-Q (09/30/2023)
06/30/202308/09/202310-Q (06/30/2023)
03/31/202305/10/202310-Q (03/31/2023)
12/31/202203/01/202310-K (12/31/2022)
09/30/202211/09/202210-Q (09/30/2022)
06/30/202208/05/202210-Q (06/30/2022)
03/31/202205/06/202210-Q (03/31/2022)
12/31/202102/28/202210-K (12/31/2021)