United Parks & Resorts Inc. (PRKS)
NYSE:PRKS
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United Parks & Resorts
(NYSE:PRKS)
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Rating:53Neutral
Price Target:
$36.00
▼(-0.19% Downside)
Action:Reiterated
Date:05/14/26
Overall score reflects balance-sheet risk and the recent TTM revenue/earnings step-down as the biggest drags, partially offset by strong free cash flow generation and a cautiously improving forward outlook from management. Technicals are modestly supportive, while valuation offers limited support due to negative earnings and no dividend yield provided.
Positive Factors
Free Cash Flow Generation
Consistent positive operating and free cash flow provides durable internal funding for maintenance capex, attraction investments and shareholder returns. Strong FCF supports debt servicing and buybacks, giving management flexibility to execute strategic investments over the medium term.
Negative Factors
High Leverage & Negative Equity
A heavily levered balance sheet with negative equity elevates refinancing, interest‑rate and solvency risk. Limited equity cushion constrains the company’s ability to absorb shocks or pursue sizable growth investments without relying on external funding or asset sales, reducing financial flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Free Cash Flow Generation
Consistent positive operating and free cash flow provides durable internal funding for maintenance capex, attraction investments and shareholder returns. Strong FCF supports debt servicing and buybacks, giving management flexibility to execute strategic investments over the medium term.
Read all positive factors
United Parks & Resorts (PRKS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.76B
Dividend YieldN/A
Average Volume (3M)1.08M
Price to Earnings (P/E)―
Beta (1Y)1.06
Revenue Growth-3.55%
EPS Growth-29.18%
CountryUS
Employees3,300
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)2.68
Shares Outstanding47,135,530
10 Day Avg. Volume1,102,122
30 Day Avg. Volume1,080,526
Financial Highlights & Ratios
PEG Ratio-0.62
Price to Book (P/B)-4.55
Price to Sales (P/S)1.19
P/FCF Ratio7.53
Enterprise Value/Market Cap2.38
Enterprise Value/Revenue2.54
Enterprise Value/Gross Profit3.89
Enterprise Value/Ebitda8.09
Forecast
1Y Price Target
$42.67Price Target Upside18.29% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
EPS Forecast (FY)3.52
Revenue Forecast (FY)$1.68B
United Parks & Resorts Business Overview & Revenue Model
Company Description
United Parks & Resorts Inc., together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, as well as B...
How the Company Makes Money
PRKS primarily generates revenue by monetizing attendance and guest spending across its parks and related assets. Key revenue streams include: (1) Admissions and ticketing: sales of single-day tickets and other admission products, as well as produ...
United Parks & Resorts Earnings Call Summary
Earnings Call Date:May 11, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Neutral
The call presented a mix of constructive forward indicators (record in‑park spend, strong paid pass growth, deferred revenue improvement, active sponsorship and real‑estate processes, continued buybacks, technology and marketing investments) alongside meaningful short‑term headwinds (Q1 revenue decline, wider net loss, lower EBITDA, attendance disruption from weather and international weakness, and certain non‑cash/one‑time expense pressures). Management emphasized confidence in the remainder of 2026 due to an event/attraction lineup, marketing changes, and cost‑savings plans, but near‑term financial results remain challenged and dependent on weather and international tourism recovery.Positive Updates
Record In‑Park Per Capita Spending
In‑park per capita spending increased 5.3% year‑over‑year to a record $40.62, contributing to a 2.1% increase in total revenue per capita.
Negative Updates
Revenue Decline in Q1
Total revenue for Q1 was $278.3 million, a decrease of $8.7 million versus 2025.
Read all updates
Q1-2026 Updates
Positive
Negative
Record In‑Park Per Capita Spending
In‑park per capita spending increased 5.3% year‑over‑year to a record $40.62, contributing to a 2.1% increase in total revenue per capita.
Read all positive updates
Company Guidance
Management reiterated guidance that they expect 2026 to deliver growth in revenue and adjusted EBITDA, supported by new rides/shows, a revamped marketing plan and improving forward indicators: paid pass sales were up ~10% in Q1 and ~12% through 4/30/2026, deferred revenue was $203.8M (up ~4.1% YoY), and Discovery Cove and group bookings are outpacing 2025 with Discovery Cove bookings up a double‑digit percentage. Key financial and capital targets include a $50M gross cost‑savings target for 2026, core CapEx guidance of $105M–$200M plus about $50M of growth/ROI CapEx, and continued share repurchases (2.6M shares for ~$92.7M in Q1 and a subsequent 1.8M for ~$64.8M, with ~$198M remaining under the $500M authorization); they also expect to realize >$15M of sponsorship revenue in 2026 (with sponsorships targeted to be a ≥$30M line of business over time). Management noted current Q1 operating metrics—total revenue $278.3M (down $8.7M YoY), adjusted EBITDA $58.0M (down $9.5M), net loss $34.1M, attendance down ~171k (but would be >1% higher adjusted for ~140k weather and ~80k international impacts), and record in‑park per cap of $40.62 (up 5.3%)—said they are comfortable with current leverage and will allocate capital opportunistically to maximize shareholder value.United Parks & Resorts Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
24
Negative
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.65B | 1.66B | 1.73B | 1.73B | 1.73B | 1.50B |
| Gross Profit | 1.08B | 606.54M | 1.59B | 1.59B | 1.60B | 1.39B |
| EBITDA | 519.34M | 544.66M | 622.73M | 613.98M | 660.19M | 521.65M |
| Net Income | 150.42M | 168.35M | 227.50M | 234.20M | 291.19M | 256.51M |
Balance Sheet | ||||||
| Total Assets | 2.61B | 2.62B | 2.57B | 2.63B | 2.33B | 2.61B |
| Cash, Cash Equivalents and Short-Term Investments | 28.94M | 99.76M | 115.89M | 246.92M | 79.20M | 443.71M |
| Total Debt | 2.39B | 2.35B | 2.36B | 2.22B | 2.23B | 2.24B |
| Total Liabilities | 3.16B | 3.05B | 3.04B | 2.83B | 2.76B | 2.64B |
| Stockholders Equity | -557.23M | -435.81M | -461.54M | -208.22M | -437.66M | -33.92M |
Cash Flow | ||||||
| Free Cash Flow | 291.47M | 263.12M | 231.71M | 200.08M | 363.88M | 374.16M |
| Operating Cash Flow | 421.17M | 380.08M | 480.14M | 504.92M | 564.59M | 503.01M |
| Investing Cash Flow | -230.22M | -217.49M | -248.50M | -305.61M | -200.71M | -128.85M |
| Financing Cash Flow | -237.67M | -178.73M | -362.66M | -34.71M | -726.05M | -364.90M |
United Parks & Resorts Technical Analysis
Positive
36.07
Price Trends
34.86
Positive
35.28
Positive
40.19
Negative
Market Momentum
0.82
Negative
61.71
Neutral
90.77
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PRKS, the sentiment is Positive. The current price of 36.07 is below the 20-day moving average (MA) of 36.23, above the 50-day MA of 34.86, and below the 200-day MA of 40.19, indicating a neutral trend. The MACD of 0.82 indicates Negative momentum. The RSI at 61.71 is Neutral, neither overbought nor oversold. The STOCH value of 90.77 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PRKS.
United Parks & Resorts Risk Analysis
United Parks & Resorts disclosed 47 risk factors in its most recent earnings report. United Parks & Resorts reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
United Parks & Resorts Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $2.48B | 31.90 | 14.09% | 0.79% | 9.47% | 18.45% | |
74 Outperform | $7.37B | 19.23 | 12.64% | ― | 12.73% | 73.50% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
53 Neutral | $1.76B | ― | -35.46% | ― | -3.55% | -29.18% | |
47 Neutral | $1.40B | -14.35 | 46.90% | 2.51% | 4.94% | -960.10% | |
44 Neutral | $258.34M | -6.55 | 14.36% | ― | -5.80% | 32.11% |
* Consumer Cyclical Sector Average
PRKS
United Parks & Resorts
39.11
-7.19
-15.53%
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United Parks & Resorts Corporate Events
Business Operations and StrategyStock BuybackFinancial Disclosures
United Parks & Resorts Faces Weaker Results, Plans 2026 Investments
Negative
Feb 26, 2026
On February 26, 2026, United Parks Resorts reported weaker results for the fourth quarter and fiscal 2025, with attendance, revenue, net income and adjusted EBITDA all declining year over year, pressured by lower international tourism, fewer oper...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.