United Parks & Resorts Inc. key statistics and ratios

In fiscal 2025, United Parks & Resorts Inc. had an operating margin of 22.0% and a current ratio of 0.73. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

United Parks & Resorts Inc.: financial ratios, annual
Fiscal year	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Operating margin	10.8%	15.6%	13.6%	11.7%	11.6%	4.4%	−15.9%	11.1%	15.2%	−56.0%	28.7%	29.3%	26.6%	26.9%	22.0%	19.2%
Net margin	1.4%	5.2%	3.6%	3.6%	3.6%	−0.9%	−16.0%	3.3%	6.4%	−72.3%	17.1%	16.8%	13.6%	13.2%	10.1%	8.1%
Free-cash-flow margin	2.9%	7.6%	8.2%	7.8%	9.4%	8.9%	1.6%	8.3%	11.0%	−53.2%	24.9%	21.0%	11.6%	13.4%	9.8%	10.0%
Return on equity	2.2%	11.3%	9.5%	8.1%	9.1%	−2.6%	−54.1%	16.2%	37.6%	—	—	—	—	—	—	—
Return on assets	—	2.9%	2.0%	2.0%	2.0%	−0.5%	−9.1%	2.1%	4.1%	−12.8%	9.9%	11.8%	9.5%	8.8%	6.5%	5.1%
Asset turnover	—	0.56	0.57	0.55	0.57	0.56	0.57	0.65	0.63	0.18	0.58	0.70	0.70	0.66	0.64	0.63
Current ratio	—	0.64	0.96	0.64	0.46	0.58	0.47	0.47	0.42	1.60	1.53	0.57	0.95	0.66	0.73	0.48
Debt to equity	0.0%	417.3%	255.8%	278.2%	317.6%	346.5%	542.7%	585.8%	738.7%	—	—	—	—	—	—	—
Interest cover (operating income ÷ interest)	1.3x	2.0x	2.2x	2.0x	2.4x	1.0x	n/m	1.9x	2.5x	n/m	3.7x	4.3x	3.1x	2.8x	2.7x	2.4x
Effective tax rate	41.3%	33.5%	33.1%	36.6%	32.5%	—	—	28.6%	30.6%	—	−0.1%	25.3%	25.2%	22.0%	25.7%	26.7%
SG&A as % of revenue	13.0%	13.0%	12.8%	13.7%	15.6%	17.7%	18.1%	16.7%	18.7%	22.0%	12.3%	11.6%	12.8%	12.6%	13.7%	14.2%
Capital spending as % of revenue	16.9%	13.5%	11.4%	11.2%	11.5%	11.9%	13.7%	13.1%	14.0%	25.3%	8.6%	11.6%	17.7%	14.4%	13.1%	14.9%
Free cash flow ÷ net income	202.0%	145.1%	231.5%	214.1%	262.5%	—	—	254.9%	171.2%	—	145.9%	125.0%	85.4%	101.9%	96.6%	123.3%
Dividends ÷ net income	559.4%	677.7%	34.1%	144.5%	147.2%	—	—	0.7%	—	—	—	—	—	—	—	—
Dividends and buybacks ÷ free cash flow	276.9%	467.0%	51.4%	123.7%	95.3%	54.5%	7.5%	86.2%	97.9%	—	57.7%	190.6%	8.9%	208.4%	98.7%	225.5%

US$ thousands unless shown otherwise. Fiscal quarters.

United Parks & Resorts Inc.: financial ratios, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Operating margin	36.8%	19.7%	5.9%	28.7%	29.6%	15.1%	−3.1%	24.2%
Net margin	21.9%	7.3%	−5.6%	16.3%	17.5%	4.0%	−12.2%	13.1%
Free-cash-flow margin	12.4%	22.4%	−10.9%	26.0%	7.4%	7.5%	−1.0%	21.0%
Current ratio	0.64	0.66	0.59	0.83	1.09	0.73	0.53	0.48
SG&A as % of revenue	10.1%	13.0%	15.4%	13.1%	11.9%	15.7%	17.3%	13.8%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

0 of 5 checks passed · June 30, 2026

What it owns · $2.6bn

Short-term assets $244mLonger-term assets $2.4bn

What it owes, and who funded it · $3.3bn

Short-term liabilities $510mLonger-term liabilities $2.7bnShareholders' equity $-617m

Short-term assets cover short-term liabilities $244m of assets due within a year against $510m of liabilities due within a year.
Short-term assets cover long-term liabilities $244m short-term assets against $2.7bn of longer-dated liabilities.
More cash than debt $19m of cash against $2.3bn of debt.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt $410m of operating cash flow against $2.3bn of debt.
Operating profit covers interest at least five times over Operating income of $317m against $130m of interest.

From United Parks & Resorts Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

51 /100

Moderate moat

How hard United Parks & Resorts's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 5 / 20

Net income has been a median 4.7% of total assets over 10 years.
Durability 5 / 20

Operating margin has been a median 17.8%; its worst year was -6.2%.
Cash conversion 14 / 20

Free cash flow was positive in 9 of 10 years, at a median 10.5% of revenue.
Discipline 20 / 20

The diluted share count fell 34.6% over five years; stock-based pay has been a median 1.2% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (56 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from United Parks & Resorts Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to United Parks & Resorts Inc.