United Parks & Resorts Inc. PRKS

Consumer DiscretionaryHotels & Entertainment ServicesUnited States of America

Last close 32.55 USD on Nov 3, 2026, −10.3% year to date

Quant rating

Quant rating C Rank 228 of 344 in Consumer Discretionary

Growth B 127 of 344
Valuation A 4 of 344
Quality C 195 of 344
Revisions D 263 of 344
Momentum D 307 of 344

Wall Street consensus Hold (2.57)Average target 46.90 USD +44.1%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 1.5B
Enterprise value: 3.7B
52-week range: 28.78 – 50.00
3-year range: 28.78 – 60.29
Dividend yield: –
Beta (5 years): 1.20
Shares outstanding: 45.3M
Next earnings: Nov 5, 2026

About the company

United Parks & Resorts Inc. is a theme park and entertainment company. The Company owns or licenses a portfolio of recognized brands, including SeaWorld, Busch Gardens, Aquatica, Discovery Cove, and Sesame Place. The Company has developed a portfolio of approximately 13 differentiated theme parks that are grouped in markets across the United States and the United Arab Emirates. Many of its theme parks showcase the Company's zoological collection and feature a diverse array of both thrill and family-friendly rides, educational presentations, shows and/or other attractions with demographic appeal. SeaWorld owns and operates sea theme parks, including SeaWorld San Diego, SeaWorld Orlando, and SeaWorld San Antonio. The Company owns and operates Busch Gardens theme parks, including Busch Gardens Tampa Bay and Busch Gardens Williamsburg. SeaWorld Theme Parks owns and operates the separately gated Aquatica-branded theme parks such as Aquatica Orlando and Aquatica San Antonio.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	1,663	1,725	1,727	1,731	1,504	–
Revenue growth	−3.6%	−0.1%	−0.3%	15.1%	248.3%	30.9%
EPS (basic, normalized)	3.06	3.79	3.63	4.14	3.22	–
EPS growth	−19.3%	4.4%	−12.3%	28.6%	–	–
Gross margin	47.1%	49.7%	49.2%	50.5%	51.9%	49.7%
Net margin	10.1%	13.2%	13.6%	16.8%	17.1%	14.2%
ROE	–	–	–	–	–	–

Balance sheet, last quarter
Cash & short-term investments (mil)	19.1
Current ratio	0.48x
Long-term debt (mil)	2,262
Net debt (mil)	2,258
Total equity (mil)	−617
Net debt / equity	−3.66x
Net debt / EBITDA	3.73x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	1,663	−3.6%	2.2x	605	−12.9%	6.2x	3.06	−19.3%	10.6x
2026	1,655	−0.4%	2.3x	580	−4.1%	6.4x	2.94	−3.9%	11.1x
2027	1,704	+3.0%	2.2x	596	+2.7%	6.3x	3.63	+23.3%	9.0x
2028	1,748	+2.5%	2.1x	615	+3.3%	6.1x	3.77	+4.1%	8.6x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	1,655	−0.2%	−0.7%	−1.6%	2.94	+0.5%	−6.6%	−22.2%
2027	1,704	−0.4%	−0.7%	−1.8%	3.63	−2.5%	−7.1%	−14.6%
2028	1,748	−0.5%	−0.9%	−1.4%	3.77	−2.4%	−7.6%	−13.1%

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	297	498	546	384	287	490	512	374	278	483
Sales mean (mil)	287	504	550	381	294	499	537	376	280	492
Surprise	+3.7%	−1.2%	−0.8%	+0.8%	−2.4%	−1.8%	−4.7%	−0.8%	−0.6%	−1.8%
EPS reported	−0.17	1.46	2.08	0.50	−0.29	1.45	1.61	0.28	−0.69	1.34
EPS mean	−0.26	1.54	2.22	0.63	−0.23	1.78	2.22	0.54	−0.35	1.67
Surprise	+34.3%	−5.0%	−6.1%	−20.8%	−28.2%	−18.5%	−27.5%	−48.4%	−97.5%	−19.7%

Peer comparison Hotels & Entertainment Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
PRKS United Parks & Resorts Inc.	1.5B	3.73x	10.1%	−2.39x	11.1x	9.0x	6.4x	6.3x
MAR Marriott International, Inc.	108.6B	3.04x	9.9%	−21.16x	34.9x	31.2x	20.6x	19.2x
HLT Hilton Worldwide Holdings Inc.	81.0B	3.39x	12.1%	−12.31x	39.8x	34.9x	23.1x	21.0x
RCL Royal Caribbean Cruises Ltd.	83.8B	3.09x	23.8%	7.15x	17.5x	15.4x	13.6x	12.4x
VIK Viking Holdings Ltd	38.3B	1.19x	17.7%	23.20x	26.6x	19.8x	19.4x	15.4x
CCL Carnival Corporation Ltd	39.3B	3.16x	10.4%	2.78x	12.9x	11.3x	8.7x	8.2x
Mean		2.94x	14.0%	−0.45x	23.8x	20.2x	15.3x	13.8x
Median		3.13x	11.2%	0.20x	22.1x	17.6x	16.5x	13.9x

Technical analysis

1M+0.3%
3M−28.5%
1Y−32.0%
3Y−31.1%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, United Parks & Resorts Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	1,663	1,725	1,727	1,731	1,504	432
Cost of revenue	880	867	877	858	724	411
Gross profit	783	858	850	874	780	20.6
Selling, general & administrative expenses	242	231	235	213	198	109
Research & development	–	–	–	–	–	–
Depreciation/amortization	174	163	154	153	149	151
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	1.5	4.5	0.8	0.1	60.4	2.8
Other operating expenses	0	0	0	0	0	0
Operating income	365	459	460	508	373	−242
Net interest income (expense)	−134	−168	−147	−118	−117	−101
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−4.8	−0.1	0	0	−0.1	−0.3
Net income before taxes	227	292	313	390	256	−343
Provision for taxes	58.2	64.0	78.9	98.9	−0.2	−30.5
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	168	227	234	291	257	−312
Extraordinary items	–	–	–	–	–	–
Net income	168	227	234	291	257	−312
EBIT, normalized	417	519	540	555	473	−232
EBITDA, normalized	592	683	695	707	622	−81.5
Basic EPS, normalized	3.06	3.79	3.63	4.14	3.22	–

Balance sheet in millions of USD, fiscal years

Balance sheet, United Parks & Resorts Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	99.8	116	247	79.2	444	434
Receivables	77.3	79.4	73.8	71.0	76.9	30.4
Total inventory	51.6	45.8	49.2	55.2	29.5	30.7
Prepaid expenses	7.2	5.9	20.2	7.8	6.1	3.9
Other current assets	46.9	23.4	0	20.4	11.1	8.5
Total current assets	283	270	390	234	567	507
Property, plant & equipment	2,048	2,022	1,974	1,840	1,780	1,801
Goodwill	66.3	66.3	66.3	66.3	66.3	66.3
Intangibles	158	158	158	157	157	157
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	61.2	57.1	37.0	29.3	39.4	34.5
Total assets	2,616	2,574	2,625	2,326	2,610	2,566
Liabilities
Accounts payable	–	–	–	–	–	–
Payable/accrued	153	164	161	160	134	105
Accrued expenses	49.3	59.8	68.3	58.9	62.2	57.1
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	16.4	16.9	13.1	12.2	12.5	16.3
Other current liabilities	166	173	169	178	163	138
Total current liabilities	385	413	411	409	372	317
Long-term debt	2,222	2,232	2,097	2,101	2,107	2,180
Minority interest	–	–	–	–	–	–
Other liabilities	445	390	326	253	165	175
Total liabilities	3,052	3,035	2,833	2,763	2,644	2,672
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	1.0	1.0	1.0	1.0	1.0	0.9
Additional paid-in capital	746	730	723	710	711	680
Retained earnings (accumulated deficit)	806	638	410	176	−115	−372
Treasury stock	−1,989	−1,830	−1,343	−1,325	−631	−415
Other equity	0	0	0	0	0	0
Total equity	−436	−462	−208	−438	−33.9	−106
Total liabilities & shareholders' equity	2,616	2,574	2,625	2,326	2,610	2,566

Cash flow statement in millions of USD, fiscal years

Cash flow statement, United Parks & Resorts Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	168	227	234	291	257	−312
Depreciation, depletion & amortization	174	163	154	153	149	151
Deferred taxes	49.1	50.7	72.6	95.5	−4.1	−31.4
Non-cash items	52.9	58.0	53.7	39.7	104	18.5
Changes in working capital	−64.7	−19.5	−9.8	−14.4	−2.0	53.9
Cash from operations	380	480	505	565	503	−121
Investing activities
Capital expenditures	−217	−248	−305	−201	−129	−109
Other investing cash flows	0	−0.1	−0.8	0	0	0
Cash from investing	−217	−249	−306	−201	−129	−109
Financing activities
Financing cash flow items	−4.0	−17.8	−7.8	−23.5	−44.5	−14.5
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−175	−345	−26.9	−703	−320	639
Cash from financing	−179	−363	−34.7	−726	−365	624
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	−16.1	−131	165	−362	9.3	394
Free cash flow	163	232	200	364	374	−230

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 3, 2026 after market close.