Pursuit Attractions and Hospitality (PRSU)
NYSE:PRSU
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Pursuit Attractions and Hospitality
(NYSE:PRSU)
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Rating:61Neutral
Price Target:
$44.00
▲(6.46% Upside)
Action:DowngradedDate:03/02/26
PRSU scores moderately: improving profitability and balance-sheet leverage and a strong, guidance-backed earnings call outlook support the score, but inconsistent free cash flow/cash conversion and a high P/E valuation limit upside, while technical signals remain mixed and not decisively bullish.
Positive Factors
Record revenue and demand recovery
Sustained broad-based demand across attractions and lodging (4.2M visitors, 439k room nights) and same-store price gains show structural recovery in leisure tourism. Diversified revenue streams and yield optimization reduce dependence on any single site, supporting multi-year revenue resilience.
Negative Factors
Thin, inconsistent free cash flow
Limited FCF conversion (FCF ~13% of net income in 2025) constrains internal funding for a large refresh/build pipeline. Reliance on operating cash that is volatile raises execution risk for sustained capital programs and increases probability of external financing or higher leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Record revenue and demand recovery
Sustained broad-based demand across attractions and lodging (4.2M visitors, 439k room nights) and same-store price gains show structural recovery in leisure tourism. Diversified revenue streams and yield optimization reduce dependence on any single site, supporting multi-year revenue resilience.
Read all positive factors
Pursuit Attractions and Hospitality (PRSU) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.13B
Dividend YieldN/A
Average Volume (3M)168.32K
Price to Earnings (P/E)41.9
Beta (1Y)1.16
Revenue Growth-60.78%
EPS Growth-92.96%
CountryUS
Employees1,500
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)-0.91
Shares Outstanding27,449,265
10 Day Avg. Volume148,702
30 Day Avg. Volume168,318
Financial Highlights & Ratios
PEG Ratio-0.45
Price to Book (P/B)1.63
Price to Sales (P/S)2.10
P/FCF Ratio-1.27K
Enterprise Value/Market Cap1.15
Enterprise Value/Revenue2.88
Enterprise Value/Gross Profit4.85
Enterprise Value/Ebitda11.85
Forecast
1Y Price Target
$47.67Price Target Upside15.33% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)1.39
Revenue Forecast (FY)$481.97M
Pursuit Attractions and Hospitality Business Overview & Revenue Model
Company Description
Pursuit Attractions and Hospitality, Inc., an attraction and hospitality company, owns and operates hospitality destinations in the United States, Canada, and Iceland. It operates various attractions and lodges with restaurants, retail, and transp...
How the Company Makes Money
PRSU makes money by selling destination-based experiences and hospitality services to travelers and travel intermediaries. Key revenue streams typically include: (1) Admissions and ticketing revenue from its attractions and experiences (e.g., sing...
Pursuit Attractions and Hospitality Earnings Call Summary
Earnings Call Date:Feb 25, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 06, 2026
Earnings Call Sentiment Positive
The call presented a strongly positive operational and financial performance for 2025 with record revenue, sizable adjusted EBITDA growth and margin expansion, robust demand across attractions and lodging, strategic portfolio actions (acquisitions, FlyOver sale, share repurchases) and ambitious Vision 2030 targets supported by a sizable growth pipeline. Key risks noted include a high prior-year baseline aided by unusually favorable weather, sizeable near-term growth capital with potential temporary disruptions, uncertainty around timing/sizing of M&A and potential increases in leverage. Overall, the positive operational momentum, clear capital allocation strategy and concrete near-term guidance outweigh the manageable execution and market risks.Positive Updates
Record 2025 Revenue
Total revenue of $452.4 million in 2025, up 23% year-over-year, driven by strong recoveries, new experiences, yield optimization and broad-based demand across geographies.
Negative Updates
GAAP Net Income Decline (One-Time Accounting Impact)
Net income attributable to Pursuit was $22.7 million in 2025 versus $368.5 million in 2024, driven primarily by the 2024 sale of GES — a significant year-over-year GAAP decline though largely explained as a prior-year transaction effect.
Read all updates
Q4-2025 Updates
Positive
Negative
Record 2025 Revenue
Total revenue of $452.4 million in 2025, up 23% year-over-year, driven by strong recoveries, new experiences, yield optimization and broad-based demand across geographies.
Read all positive updates
Company Guidance
Pursuit guided 2026 adjusted EBITDA of $123–$133 million (≈+9% at the midpoint vs. 2025’s $117.1M and 26% margin), which includes ~$0.5M from FlyOver (sale expected this spring; FlyOver was valued at ~15x 2025 adjusted EBITDA) and, excluding FlyOver, implies double‑digit revenue and EBITDA growth at the midpoint; they expect Tabacón to contribute an incremental ~$7–$8M of adjusted EBITDA in 2026, project 2026 growth capital of ~$88–$93M (part of ~$200M of committed projects) with a >$300M refresh/build pipeline through 2026–2030, target an effective adjusted‑EBITDA multiple of <7x by 2030, and announce Vision 2030 targets of >$845M revenue, >$265M adjusted EBITDA (>2.3x), and >30% adjusted‑EBITDA margin; additional guide assumptions include a U.S.$0.73/CAD FX rate, a materially lower effective tax rate of ~22–26% going forward, and a balance‑sheet posture moving from ~1x net leverage today toward a long‑term 2.0–3.5x range.Pursuit Attractions and Hospitality Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
66
Positive
Cash Flow
48
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 452.42M | 366.49M | 350.29M | 299.33M | 507.34M |
| Gross Profit | 145.60M | 40.56M | 53.44M | 24.10M | -46.93M |
| EBITDA | 109.91M | 11.71M | 71.17M | 40.71M | -13.01M |
| Net Income | 22.67M | 368.54M | 16.02M | 23.22M | -92.66M |
Balance Sheet | |||||
| Total Assets | 965.42M | 845.01M | 1.14B | 1.09B | 1.04B |
| Cash, Cash Equivalents and Short-Term Investments | 31.12M | 49.70M | 27.43M | 59.72M | 61.60M |
| Total Debt | 195.22M | 112.73M | 490.06M | 584.70M | 565.24M |
| Total Liabilities | 305.04M | 228.32M | 999.97M | 988.55M | 940.35M |
| Stockholders Equity | 581.83M | 525.83M | 43.43M | 14.53M | 6.28M |
Cash Flow | |||||
| Free Cash Flow | -750.00K | -6.56M | 42.23M | 6.26M | -95.79M |
| Operating Cash Flow | 74.27M | 49.67M | 104.68M | 73.43M | -37.85M |
| Investing Cash Flow | -166.05M | 350.77M | -74.86M | -63.27M | -51.80M |
| Financing Cash Flow | 65.82M | -401.08M | -36.16M | -6.13M | 107.89M |
Pursuit Attractions and Hospitality Technical Analysis
Positive
41.33
Price Trends
37.37
Positive
35.96
Positive
35.15
Positive
Market Momentum
1.39
Negative
65.35
Neutral
70.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PRSU, the sentiment is Positive. The current price of 41.33 is above the 20-day moving average (MA) of 38.44, above the 50-day MA of 37.37, and above the 200-day MA of 35.15, indicating a bullish trend. The MACD of 1.39 indicates Negative momentum. The RSI at 65.35 is Neutral, neither overbought nor oversold. The STOCH value of 70.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PRSU.
Pursuit Attractions and Hospitality Risk Analysis
Pursuit Attractions and Hospitality disclosed 31 risk factors in its most recent earnings report. Pursuit Attractions and Hospitality 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
Pursuit Attractions and Hospitality Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $1.42B | -21.47 | -2.36% | ― | -16.99% | -152.46% | |
66 Neutral | $1.12B | 115.09 | 8.17% | ― | 10.88% | -48.91% | |
66 Neutral | $1.18B | 12.96 | 752.30% | ― | ― | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $1.13B | 41.90 | -24.71% | ― | -60.78% | -92.96% | |
59 Neutral | $1.16B | -19.84 | 2.88% | ― | -1.87% | -99.88% | |
55 Neutral | $343.29M | -14.41 | -12.34% | 4.25% | -6.34% | -27.08% |
* Consumer Cyclical Sector Average
PRSU
Pursuit Attractions and Hospitality
41.35
12.06
41.17%
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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.