The Filing Desk

Six Flags vs Planet Fitness

Six Flags FUN · Planet Fitness PLNT · Leisure Facilities

Six Flags reported revenue of $3.1 billion in fiscal 2025, 2.3 times Planet Fitness' $1.3 billion in fiscal 2025. Six Flags' revenue grew 14.4% in its latest year, and Planet Fitness' grew 12.1%. Six Flags had an operating margin of -44.4%, against 29.8% at Planet Fitness. Free cash flow was −$152 million at Six Flags and $255 million at Planet Fitness.

Side by side

Six FlagsPlanet Fitness
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$3.1B$1.3B
Revenue growth14.4%12.1%
Revenue growth a year, last 5 years76.4%26.6%
Gross margin91.3%82.6%
Operating margin−44.4%29.8%
Net margin−51.6%16.6%
Free cash flow−$152M$255M
Free cash flow margin−4.9%19.2%
Return on capital−17.6%18.4%
Net debt to EBITDA—3.7x
Dividends and buybacks$0M$500M
Change in diluted share count33.8%—
Last close$7.01$52.44
P/E at the last close——
Insider trades, last 12 monthsbought $6.4 million, sold $0bought $1.1 million, sold $358,540
Piotroski F-score4 of 9—
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Six FlagsPlanet Fitness
Operating margin
Percent of revenue
Six FlagsPlanet Fitness
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Six FlagsPlanet Fitness

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Six Flags and Planet Fitness pages.