United Parks & Resorts Inc.
PRKS Consumer Cyclical Leisure
United Parks & Resorts Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.7 billion, down 3.64% from fiscal 2024. In the quarter to June 2026, revenue fell 1.41%, EPS fell 6.85%, free cash flow fell 20.5% and total debt rose 1.74%, each against the same quarter a year earlier.
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United Parks & Resorts Inc. (PRKS) Altman Z-score
United Parks & Resorts Inc.'s Altman Z-score for fiscal 2025 is 1.87, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 1.87 | (0.34) |
| FY2024 | 2.21 | 0.05 |
| FY2023 | 2.16 | (0.13) |
| FY2022 | 2.29 | (0.01) |
| FY2021 | 2.30 | 2.00 |
| FY2020 | 0.30 | (1.19) |
| FY2019 | 1.49 | 0.18 |
| FY2018 | 1.31 | 0.84 |
| FY2017 | 0.47 | (0.63) |
| FY2016 | 1.10 | (0.20) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.04) | — | −0.05 | |
| Retained earnings / total assets | 0.31 | — | 0.43 | |
| EBIT / total assets | 0.14 | — | 0.46 | |
| Market value of equity / total liabilities | 0.65 | — | 0.39 | |
| Sales / total assets | 0.64 | — | 0.64 | |
| Altman Z-score | Grey zone | 1.87 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 1.54 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| TRON Tron Inc. compare | 68.3× |
| OSW OneSpaWorld Holdings Limited compare | 9.2× |
| YETI YETI Holdings, Inc. compare | 6.9× |
| PLNT Planet Fitness, Inc. compare | 2.0× |
| PRKS United Parks & Resorts Inc. | 1.9× |
| CALY Callaway Golf Company compare | 0.7× |
| LUCK Lucky Strike Entertainment compare | 0.5× |
| FUN Six Flags Entertainment Corporation compare | −0.4× |
| PTON Peloton Interactive, Inc. compare | −1.1× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets