Tearsheet

United Parks & Resorts (PRKS)

Market Price (12/4/2025): $36.07 | Market Cap: $2.0 Bil
Sector: Consumer Discretionary | Industry: Leisure Facilities

United Parks & Resorts (PRKS)

Market Price (12/4/2025): $36.07
Market Cap: $2.0 Bil
Sector: Consumer Discretionary
Industry: Leisure Facilities

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.4%, FCF Yield is 7.8%	Weak multi-year price returns 2Y Excs Rtn is -76%, 3Y Excs Rtn is -105%	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 76%
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 10%	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%
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 6.4%, FCF Yield is 7.8%
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 -76%, 3Y Excs Rtn is -105%
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 10%
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 76%
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%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021
Share Price CYE	$36.07	$56.19	$52.83	$53.51	$64.86
Market Cap CYE ($ Bil)	2.0	3.1	3.4	3.4	5.0
Total Debt ($ Bil)	2.4	2.4	2.2	2.2	2.2
Total Cash ($ Bil)	0.2	0.1	0.2	0.1	0.4
Enterprise Value ($ Bil)	4.2	5.5	5.6	5.6	7.2
Valuation Ratios
P/S TTM	1.7	1.9	2.0	2.1	3.4
P/EBIT TTM	7.4	7.3	7.3	7.3	13.6
P/E TTM	15.6	14.7	14.4	12.8	19.8
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9	0.8	1.4
P/EBIT TTM (Sector)	7.6	8.0	7.8	6.3	8.3
P/E TTM (Sector)	10.4	11.1	10.7	8.4	10.8

	12/4/25	2024	2023
Share Price CYE	$36.07	$56.19	$52.83
Market Cap CYE ($ Bil)	2.0	3.1	3.4
Total Debt ($ Bil)	2.4	2.4	2.2
Total Cash ($ Bil)	0.2	0.1	0.2
Enterprise Value ($ Bil)	4.2	5.5	5.6
Valuation Ratios
P/S TTM	1.7	1.9	2.0
P/EBIT TTM	7.4	7.3	7.3
P/E TTM	15.6	14.7	14.4
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9
P/EBIT TTM (Sector)	7.6	8.0	7.8
P/E TTM (Sector)	10.4	11.1	10.7

	PRKS	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	1.7
Rev Chg Q	-6.2%	7.1%
Rev Chg LTM	-3.3%	6.1%
Rev Chg 3Y Avg	-0.7%	5.5%
PROFITABILITY	GOOD
Op Inc LTM ($ Bil)	0.4
CFO LTM ($ Bil)	0.4
Net Inc LTM ($ Bil)	0.2
Op Mgn LTM	23.0%	18.8%
CFO/Rev LTM	24.7%	20.5%
Net Inc Mgn	10.8%	13.1%
VALUATION	LOW
P/S	1.7	3.2
P/CFO	6.8	15.8
P/FCF	12.8	20.5
P/E	15.6	23.5
STABILITY	FAIR
Debt/Equity	0.83	0.20
Cash/Assets	0.07	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Attendance	6.8 million guests	9302025	Link
Total Revenue Per Capita	$75.39	9302025	Link
Admission Per Capita	$39.57	9302025	Link
In-Park Per Capita Spending	$35.82	9302025	Link
Total Animals Rescued (Cumulative)	more than 42,000	9302025	Link

Recent
11/06/2025	Earnings Release	Rev: $511 Mil (A) vs. $375 Mil (E) EPS: 1.61 (A) vs. $2.24 (E)
Upcoming
2/25/2026	Earnings Release	Rev: - EPS: -

PRKS Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

Here are five key points explaining the approximate -30.8% stock movement for United Parks & Resorts (PRKS) from August 31, 2025, to December 4, 2025:

1. Significant Miss on Q3 2025 Earnings and Revenue: United Parks & Resorts reported third-quarter 2025 earnings per share (EPS) of $1.61, substantially missing the analyst consensus of $2.26, and revenue of $511.9 million, falling short of the projected $540.48 million. This disappointing financial performance led to a notable pre-market stock drop of 19.84% immediately following the announcement on November 6, 2025.

2. Decline in Attendance and Overall Revenue: The company experienced a 3.4% decrease in attendance during Q3 2025, welcoming approximately 240,000 fewer guests compared to the same period in 2024. This contributed to a 6.2% year-over-year decline in total revenue for the third quarter, reaching $511.9 million. Net income also saw a significant drop of 25.4% to $89.3 million.

Stock Movement Drivers

Fundamental Drivers

The -32.6% change in PRKS stock from 9/3/2025 to 12/3/2025 was primarily driven by a -21.3% change in the company's P/E Multiple.

	9032025	12032025	Change
Stock Price ($)	53.95	36.36	-32.60%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1707.45	1673.40	-1.99%
Net Income Margin (%)	12.39%	10.83%	-12.60%
P/E Multiple	14.02	11.04	-21.26%
Shares Outstanding (Mil)	54.99	55.03	-0.07%
Cumulative Contribution			-32.60%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
PRKS	-32.6%
Market (SPY)	6.2%	35.6%
Sector (XLY)	3.5%	48.1%

Fundamental Drivers

The -16.2% change in PRKS stock from 6/4/2025 to 12/3/2025 was primarily driven by a -16.6% change in the company's Net Income Margin (%).

	6042025	12032025	Change
Stock Price ($)	43.37	36.36	-16.16%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1714.83	1673.40	-2.42%
Net Income Margin (%)	12.98%	10.83%	-16.57%
P/E Multiple	10.72	11.04	3.01%
Shares Outstanding (Mil)	55.02	55.03	-0.03%
Cumulative Contribution			-16.16%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
PRKS	-16.2%
Market (SPY)	15.1%	34.4%
Sector (XLY)	11.5%	45.3%

Fundamental Drivers

The -38.6% change in PRKS stock from 12/3/2024 to 12/3/2025 was primarily driven by a -21.9% change in the company's P/E Multiple.

	12032024	12032025	Change
Stock Price ($)	59.18	36.36	-38.56%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1729.88	1673.40	-3.27%
Net Income Margin (%)	13.85%	10.83%	-21.84%
P/E Multiple	14.15	11.04	-21.94%
Shares Outstanding (Mil)	57.29	55.03	3.94%
Cumulative Contribution			-38.66%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
PRKS	-38.6%
Market (SPY)	14.3%	52.6%
Sector (XLY)	7.4%	57.6%

Fundamental Drivers

The -35.8% change in PRKS stock from 12/4/2022 to 12/3/2025 was primarily driven by a -40.9% change in the company's Net Income Margin (%).

	12042022	12032025	Change
Stock Price ($)	56.64	36.36	-35.81%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1711.54	1673.40	-2.23%
Net Income Margin (%)	18.33%	10.83%	-40.93%
P/E Multiple	12.13	11.04	-8.95%
Shares Outstanding (Mil)	67.18	55.03	18.08%
Cumulative Contribution			-37.90%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
PRKS	-28.1%
Market (SPY)	53.2%	47.0%
Sector (XLY)	42.3%	50.8%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
PRKS Return	-0%	105%	-17%	-1%	6%	-37%	12%
Peers Return						-9%	-9%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
PRKS Win Rate	58%	58%	42%	50%	58%	40%
Peers Win Rate					27%	31%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
PRKS Max Drawdown	-76%	-13%	-38%	-23%	-13%	-46%
Peers Max Drawdown						-25%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: FUN, NOMA, NTV, TRON, AS.
[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 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	PRKS	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-45.7%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	84.1%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-79.8%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	394.4%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	338 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-45.6%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	83.8%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	196 days	120 days

Compare to FUN, NOMA, NTV, TRON, AS

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.

AI Generated Analysis | Feedback

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 Generated 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.

AI Generated Analysis | Feedback

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 Generated Analysis | Feedback

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.

AI Generated Analysis | Feedback

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.

AI Generated Analysis | Feedback

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)

	PRKS	Better Performance than PRKS
Metric	Value	INDUSTRY: Leisure Facilities
Rev Chg LTM	-3.3%	AS (21.9%), LTH (15.8%), PLNT (14.4%), OSW (7.3%), MSGE (0.7%)
Rev Chg 3Y Avg	-0.7%	OSW (28.9%), FUN (21.3%), LTH (19.5%), PLNT (15.7%), LUCK (8.7%)
Op Mgn LTM	23.0%	PLNT (29.4%)
CFO/Rev LTM	24.7%	PLNT (27.8%), LTH (27.2%)
FCF/Rev LTM	13.2%	PLNT (15.7%), PTON (15.5%), MSGE (14.6%)
Total Yield	6.4%	ESCA (12.1%)
P/S	1.7	JOUT (0.6), FUN (0.7), XPOF (0.8), LUCK (1.2), PTON (1.5)
P/Op Inc	7.4

	PRKS	Better Performance than PRKS
Metric	Value	SECTOR: Consumer Discretionary
Rev Chg LTM	-3.3%	AMZN (10.9%), HD (8.5%), TJX (4.1%), MCD (1.2%), TSLA (-1.6%)
Rev Chg 3Y Avg	-0.7%	AMZN (11.3%), TSLA (9.3%), TJX (5.3%), MCD (4.2%), HD (2.2%)
Op Mgn LTM	23.0%	MCD (46.1%), BKNG (34.5%), YUM (30.8%), RCL (26.4%), GRMN (25.6%)
CFO/Rev LTM	24.7%	MCD (39.9%), ABNB (38.4%), MELI (37.5%), RCL (36.2%), BKNG (33.2%)
FCF/Rev LTM	13.2%	ABNB (38.4%), MELI (32.9%), BKNG (31.9%), MCD (28.1%), DASH (15.8%)
Total Yield	6.4%	F (13.6%), DHI (11.3%), LOW (7.6%), HD (6.5%), GM (6.4%)
P/S	1.7	F (0.3), GM (0.3), DHI (1.1), CCL (1.4), LOW (1.5)
P/Op Inc	7.4	TOL (6.4), MGA (6.7), MGM (6.9), GAP (7.0), GM (7.1)

	PRKS	Better Performance than PRKS
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	-3.3%	NVDA (71.6%), AVGO (28.0%), MSFT (15.6%), GOOGL (13.4%), AAPL (6.0%)
Rev Chg 3Y Avg	-0.7%	NVDA (92.0%), AVGO (24.0%), MSFT (13.2%), GOOGL (11.0%), AAPL (1.8%)
Op Mgn LTM	23.0%	NVDA (58.1%), MSFT (46.3%), AVGO (39.0%), GOOGL (32.2%), AAPL (31.9%)
CFO/Rev LTM	24.7%	MSFT (50.0%), NVDA (46.6%), AVGO (42.4%), GOOGL (39.3%), AAPL (26.6%)
FCF/Rev LTM	13.2%	NVDA (43.6%), AVGO (41.6%), MSFT (26.6%), AAPL (23.5%), GOOGL (19.1%)
Total Yield	6.4%	XOM (10.3%), JNJ (8.4%), UNH (8.1%), BAC (7.7%), JPM (6.7%)
P/S	1.7	UNH (0.7), WMT (1.1), XOM (1.4), COST (1.5), CVX (1.6)
P/Op Inc	7.4	CMCSA (5.2), VZ (5.9), SU (6.4), B (6.7), LNG (7.3)

		Best Bets In Consumer Discretionary Sector
	PRKS
What You Pay
P/E	15.7
P/EBIT	7.4
What You Get
Rev Chg Q	-6.2%
Rev Chg LTM	-3.3%
Rev Chg 3Y Avg	-0.7%
FCF/Rev 3Y Avg	11.9%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	United Parks & Resorts Earnings Notes
2	Can United Parks & Resorts Stock Recover If Markets Fall?	Return
3	United Parks & Resorts vs Interactive Brokers: Which Is A Better Investment?	Counter-Intuitive Comparisons
4	United Parks & Resorts vs Red Rock Resorts: Which Is A Better Investment?	Counter-Intuitive Comparisons
5	Does United Parks & Resorts Stock Lead the Pack?	Peer Comparison
6	Better Bet Than PRKS Stock: Pay Less Than United Parks & Resorts To Get More From UAL, IBKR
7	Better Bet Than PRKS Stock: Pay Less Than United Parks & Resorts To Get More From DFH, TNL
8	Why United Parks & Resorts Stock Moved: PRKS Stock Has Lost 46% Since 2021 Fiscal End, Primarily Due To Unfavorable Change In Price To Sales Multiple (P/S)
9	PRKS Dip Buy Analysis
10	United Parks & Resorts (PRKS) Valuation Ratios Comparison	Financials
11	ARTICLES
12	Stocks Trading At 52-Week Low		November 14th, 2025
13	Stocks Trading At 52-Week Low		November 11th, 2025

	Title
0	DASHBOARDS
1	United Parks & Resorts Earnings Notes
2	Can United Parks & Resorts Stock Recover If Markets Fall?
3	United Parks & Resorts vs Interactive Brokers: Which Is A Better Investment?
4	United Parks & Resorts vs Red Rock Resorts: Which Is A Better Investment?
5	Does United Parks & Resorts Stock Lead the Pack?
6	Better Bet Than PRKS Stock: Pay Less Than United Parks & Resorts To Get More From UAL, IBKR
7	Better Bet Than PRKS Stock: Pay Less Than United Parks & Resorts To Get More From DFH, TNL
8	Why United Parks & Resorts Stock Moved: PRKS Stock Has Lost 46% Since 2021 Fiscal End, Primarily Due To Unfavorable Change In Price To Sales Multiple (P/S)
9	PRKS Dip Buy Analysis
10	United Parks & Resorts (PRKS) Valuation Ratios Comparison
11	ARTICLES
12	Stocks Trading At 52-Week Low
13	Stocks Trading At 52-Week Low

Trade Ideas

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

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| 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	6.8%	6.8%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.5%	0.5%	0.0%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-2.6%	-2.6%	-2.6%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.7%	3.7%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	1.3%	1.3%	-1.6%
PRKS_11072025_Dip_Buyer_ValueBuy	11072025	PRKS	United Parks & Resorts	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-3.7%	-3.7%	-17.5%
PRKS_9302023_Dip_Buyer_ValueBuy	09302023	PRKS	United Parks & Resorts	Dip Buy	DB \| 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_FCFYield	08312022	PRKS	United Parks & Resorts	Dip Buy	DB \| 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%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| 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	6.8%	6.8%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.5%	0.5%	0.0%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-2.6%	-2.6%	-2.6%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.7%	3.7%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	1.3%	1.3%	-1.6%
PRKS_11072025_Dip_Buyer_ValueBuy	11072025	PRKS	United Parks & Resorts	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-3.7%	-3.7%	-17.5%
PRKS_9302023_Dip_Buyer_ValueBuy	09302023	PRKS	United Parks & Resorts	Dip Buy	DB \| 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_FCFYield	08312022	PRKS	United Parks & Resorts	Dip Buy	DB \| 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

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for United Parks & Resorts

Peers to compare with:

Financials

	PRKS	FUN	NOMA	NTV	TRON	AS	Median
Name	United P.	Six Flag.	Nomadar	NeoTV	Tron	Amer Spo.
Mkt Price	36.36	15.39	7.32	-	2.11	36.96	15.39
Mkt Cap	2.0	1.6	-	-	-	20.5	2.0
Rev LTM	1,673	3,138	1	-	4	5,698	1,673
Op Inc LTM	386	248	-2	-	-3	630	248
FCF LTM	221	-169	-0	-	-2	-	-1
FCF 3Y Avg	204	22	-	-	-1	-	22
CFO LTM	414	333	-0	-	-2	-	166
CFO 3Y Avg	461	353	-	-	-1	-	353

Growth & Margins

	PRKS	FUN	NOMA	NTV	TRON	AS	Median
Name	United P.	Six Flag.	Nomadar	NeoTV	Tron	Amer Spo.
Rev Chg LTM	-3.3%	31.1%	-	-	-12.7%	21.9%	9.3%
Rev Chg 3Y Avg	-0.7%	21.3%	-	-	-	-	10.3%
Rev Chg Q	-6.2%	-2.3%	-	-	-10.9%	23.5%	-4.3%
QoQ Delta Rev Chg LTM	-2.0%	-1.0%	160.4%	-	-3.8%	4.3%	-1.0%
Op Mgn LTM	23.0%	7.9%	-306.9%	-	-82.4%	11.1%	7.9%
Op Mgn 3Y Avg	26.0%	13.9%	-	-	-56.8%	8.5%	11.2%
QoQ Delta Op Mgn LTM	-2.4%	3.5%	485.7%	-	-8.0%	0.5%	0.5%
CFO/Rev LTM	24.7%	10.6%	-52.6%	-	-35.9%	-	-12.6%
CFO/Rev 3Y Avg	26.9%	15.2%	-	-	-28.3%	-	15.2%
FCF/Rev LTM	13.2%	-5.4%	-52.6%	-	-41.8%	-	-23.6%
FCF/Rev 3Y Avg	11.9%	2.0%	-	-	-30.9%	-	2.0%

Valuation

	PRKS	FUN	NOMA	NTV	TRON	AS	Median
Name	United P.	Six Flag.	Nomadar	NeoTV	Tron	Amer Spo.
Mkt Cap	2.0	1.6	-	-	-	20.5	2.0
P/S	1.7	0.7	-	-	-	3.8	1.7
P/EBIT	7.4	-1.7	-	-	-	38.4	7.4
P/E	15.7	-1.3	-	-	-	96.1	15.7
P/CFO	6.9	6.9	-	-	-	-	6.9
Total Yield	6.4%	-75.1%	-	-	-	1.0%	1.0%
Dividend Yield	0.0%	0.0%	-	-	-	0.0%	0.0%
FCF Yield 3Y Avg	7.0%	-	-	-	-	-	7.0%
D/E	0.8	2.3	-	-	-	0.1	0.8
Net D/E	0.8	2.3	-	-	-	0.1	0.8

Returns

	PRKS	FUN	NOMA	NTV	TRON	AS	Median
Name	United P.	Six Flag.	Nomadar	NeoTV	Tron	Amer Spo.
1M Rtn	-24.0%	-32.2%	-36.3%	-	-12.4%	17.4%	-24.0%
3M Rtn	-32.6%	-35.0%	-	-	-46.0%	-2.6%	-33.8%
6M Rtn	-16.2%	-53.7%	-	-	-	-0.7%	-16.2%
12M Rtn	-38.6%	-67.4%	-	-	-	43.6%	-38.6%
3Y Rtn	-35.8%	-	-	-	-	-	-35.8%
1M Excs Rtn	-24.0%	-32.2%	-36.3%	-	-12.4%	17.5%	-24.0%
3M Excs Rtn	-38.4%	-45.2%	-	-	-45.1%	-7.5%	-41.8%
6M Excs Rtn	-30.9%	-68.4%	-	-	-	-15.4%	-30.9%
12M Excs Rtn	-51.5%	-80.2%	-	-	-	26.8%	-51.5%
3Y Excs Rtn	-105.1%	-	-	-	-	-	-105.1%

Comparison Analyses

	Title
0	Does United Parks & Resorts Stock Lead the Pack?

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	11/7/2025	3/3/2025	2/29/2024	3/1/2023	2/28/2022	2/26/2021	2/27/2020
Key Financials
Total Revenue	1,673	1,725	1,727	1,731	1,504	432	1,398
EBITDA	555	623	614	660	522	-91	374
Operating Income	386	464	461	508	433	-239	217
Net Income	181	227	234	291	257	-312	89
EPS	3.30	3.82	3.66	4.18	3.28	-3.99	1.11
Growth Rates
Total Revenue Growth	-3.3%	-0.1%	-0.3%	15.1%	248.3%	-69.1%	1.9%
EBITDA Growth	-12.6%	1.4%	-7.0%	26.6%	670.8%	-124.5%	22.7%
Operating Income Growth	-19.3%	0.7%	-9.3%	17.1%	281.5%	-209.9%	28.6%
Net Income Growth	-24.4%	-2.9%	-19.6%	13.5%	182.1%	-449.1%	99.8%
Margins
EBITDA Margin	33.2%	36.1%	35.6%	38.1%	34.7%	-21.2%	26.7%
Operating Income Margin	23.0%	26.9%	26.7%	29.3%	28.8%	-55.3%	15.5%
Net Income Margin	10.8%	13.2%	13.6%	16.8%	17.1%	-72.3%	6.4%
Cash & Debt
Total Cash	183	116	247	79	444	434	40
Total Debt	2,352	2,363	2,221	2,230	2,237	2,317	1,676
Net Debt / (Cash)	2,169	2,247	1,974	2,151	1,793	1,883	1,636
Cash Flows
Net Cash from Operations	414	480	505	565	503	-121	348
Free Cash from Operations	221	232	200	364	374	-230	153
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	54	483	18	694	216	12	150

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	11/7/2025	8/8/2025	5/12/2025	3/3/2025	11/8/2024	8/8/2024	5/9/2024	2/29/2024	11/9/2023	8/9/2023	5/10/2023	3/1/2023
Key Financials Quarterly
Total Revenue	512	490	287	384	546	498	297	389	548	496	293	391
Ebitda	197	183	59	117	243	202	61	129	242	193	49	140
Operating Income	152	141	17	76	201	165	22	90	203	156	12	102
Net Income	89	80	-16	28	120	91	-11	40	124	87	-16	49
EPS	1.62	1.46	-0.29	0.51	2.09	1.47	-0.17	0.62	1.93	1.36	-0.26	0.76
Key Financials TTM
Total Revenue TTM	1,673	1,707	1,715	1,725	1,730	1,732	1,731	1,727	1,728	1,745	1,754	1,731
Ebitda TTM	555	601	620	623	635	635	626	614	625	637	661	660
Operating Income TTM	386	435	458	464	478	480	471	461	473	487	509	508
Net Income TTM	181	212	223	227	240	244	239	234	243	254	284	291
Growth Rates Quarterly
Total Revenue Growth	-6.2%	-1.5%	-3.5%	-1.2%	-0.4%	0.3%	1.4%	-0.4%	-3.0%	-1.7%	8.4%	5.3%
EBITDA Growth	-19.0%	-9.5%	-4.1%	-9.6%	0.0%	4.7%	24.5%	-7.8%	-4.9%	-10.8%	1.0%	12.2%
Operating Income Growth	-24.3%	-14.5%	-24.7%	-15.4%	-1.1%	5.5%	90.5%	-12.1%	-6.7%	-12.4%	17.1%	19.5%
Net Income Growth	-25.4%	-12.1%	-44.0%	-30.3%	-3.1%	4.7%	32.0%	-18.3%	-8.2%	-25.3%	-83.2%	-31.5%
Margins Quarterly
EBITDA Margin	38.4%	37.4%	20.4%	30.4%	44.4%	40.7%	20.6%	33.2%	44.2%	39.0%	16.7%	35.9%
Operating Income Margin	29.7%	28.7%	5.9%	19.7%	36.8%	33.1%	7.5%	23.0%	37.1%	31.5%	4.0%	26.1%
Net Income Margin	17.5%	16.3%	-5.6%	7.3%	21.9%	18.3%	-3.8%	10.3%	22.5%	17.6%	-5.6%	12.5%
Cash & Debt
Total Cash	183	194	76	116	77	232	204	247	215	147	55	79
Total Debt	2,352	2,356	2,360	2,363	2,370	2,376	2,223	2,221	2,223	117	2,227	2,230
Net Debt / (Cash)	2,169	2,162	2,284	2,247	2,294	2,144	2,019	1,974	2,008	-30	2,173	2,151
Cash Flows Quarterly
FCF from Operations	95	181	26	112	123	173	71	106	164	185	50	96
Cash Flows TTM
FCF from Operations TTM	414	442	434	480	474	515	526	505	494	500	544	565
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	7	5	5	38	216	212	17	-0	4	14	-0	76
Return on Invested Capital (ROIC) Quarterly
ROIC	21.2%	19.6%	2.8%	13.5%	26.0%	22.8%	3.0%	13.7%	30.1%	67.4%	1.4%	13.9%
Return on Invested Capital (ROIC) TTM
ROIC TTM	13.9%	15.5%	15.3%	16.1%	15.6%	16.8%	17.4%	17.4%	17.5%	52.3%	17.5%	17.6%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Single Segment	1,727
Admissions		965	852	255	803
Food, merchandise and other		766	652	176	595
Total	1,727	1,731	1,504	432	1,398

Net Income by Segment

$ Mil	2024	2023	2022	2021	2020
Single Segment	234
Total	234

Price Behavior

Price Behavior

Market Price	$36.36
Market Cap ($ Bil)	2.0
First Trading Date	04/19/2013
Distance from 52W High	-39.2%
	50 Days	200 Days
DMA Price	$44.77	$47.10
DMA Trend	down	down
Distance from DMA	-18.8%	-22.8%
	3M	1YR
Volatility	65.1%	50.2%
Downside Capture	308.48	163.62
Upside Capture	40.01	94.11
Correlation (SPY)	35.1%	52.5%

PRKS Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	2.44	1.96	1.85	1.60	1.33	1.33
Up Beta	0.41	1.70	1.95	1.55	1.42	1.37
Down Beta	0.30	2.03	2.24	2.34	1.28	1.21
Up Capture	108%	47%	35%	72%	89%	147%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	9	18	28	57	115	362
Down Capture	429%	288%	252%	178%	130%	109%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	11	23	34	67	132	384

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of PRKS With Other Asset Classes (Last 1Y)
	PRKS	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-37.4%	9.3%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	50.0%	24.8%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	-0.76	0.31	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		57.6%	52.6%	-0.9%	12.9%	51.9%	27.9%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of PRKS With Other Asset Classes (Last 5Y)
	PRKS	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	4.4%	9.5%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	45.1%	23.8%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	0.25	0.36	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		52.4%	50.4%	1.8%	16.3%	44.0%	24.6%

Based On 10-Year Data

		Comparison of PRKS With Other Asset Classes (Last 10Y)
	PRKS	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	8.0%	12.6%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	49.6%	22.0%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	0.35	0.53	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		49.0%	46.1%	1.1%	20.3%	42.5%	15.5%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	5,580,302
Short Interest: % Change Since 10312025	-3.0%
Average Daily Volume	1,934,224
Days-to-Cover Short Interest	2.89
Basic Shares Quantity	55,032,000
Short % of Basic Shares	10.1%

Returns Analyses

	Title
0	Can United Parks & Resorts Stock Recover If Markets Fall?

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	11072025	10-Q 9/30/2025
6302025	8082025	10-Q 6/30/2025
3312025	5122025	10-Q 3/31/2025
12312024	3032025	10-K 12/31/2024
9302024	11082024	10-Q 9/30/2024
6302024	8082024	10-Q 6/30/2024
3312024	5092024	10-Q 3/31/2024
12312023	2292024	10-K 12/31/2023
9302023	11092023	10-Q 9/30/2023
6302023	8092023	10-Q 6/30/2023
3312023	5102023	10-Q 3/31/2023
12312022	3012023	10-K 12/31/2022
9302022	11092022	10-Q 9/30/2022
6302022	8052022	10-Q 6/30/2022
3312022	5062022	10-Q 3/31/2022
12312021	2282022	10-K 12/31/2021

External Quote Links

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2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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United Parks & Resorts (PRKS)

Market Price (12/4/2025): $36.07 | Market Cap: $2.0 BilSector: Consumer Discretionary | Industry: Leisure Facilities

United Parks & Resorts (PRKS)

Market Price (12/4/2025): $36.07Market Cap: $2.0 BilSector: Consumer DiscretionaryIndustry: Leisure Facilities

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PRKS Stock

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About United Parks & Resorts (PRKS)

United Parks & Resorts (PRKS) Major Customers

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

1. Introduction of New Rides and Attractions

2. Growth in In-Park Per Capita Spending

3. Expansion and Enhancement of Pass Programs

4. Increased Attendance and Optimized Operations

5. International Expansion and Partnerships

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Market Price (12/4/2025): $36.07 | Market Cap: $2.0 Bil
Sector: Consumer Discretionary | Industry: Leisure Facilities

Market Price (12/4/2025): $36.07
Market Cap: $2.0 Bil
Sector: Consumer Discretionary
Industry: Leisure Facilities