United Parks & Resorts Inc. (PRKS) vs YETI Holdings, Inc. (YETI)

United Parks & Resorts Inc. and YETI Holdings, Inc. are both Leisure companies. YETI Holdings, Inc. is the larger, with a market value of $3.1B against $1.5B — 2.1× the size. United Parks & Resorts Inc. trades at the lower P/E: 12.9× against 18.1×. YETI Holdings, Inc. grew revenue faster over the last twelve months: 6.24% against −3.54%. YETI Holdings, Inc. has the higher net margin (9.24% vs 8.11%) and the higher return on invested capital (22.7% vs 12.1%). Across the 21 metrics below, YETI Holdings, Inc. leads on 11 and United Parks & Resorts Inc. on 10.

Valuation

Metric PRKS YETI Leisure median
P/E 12.94 18.15 17.42
P/S 0.94 1.63 1.02
P/B n/m 5.18 2.13
Price to free cash flow 9.42 16.37 11.49
EV/EBITDA 7.60 10.93 9.97
EV/Sales 2.31 1.65 2.00
Earnings yield 7.73% 5.51% 2.85%
Free cash flow yield 10.62% 6.11% 3.64%

Profitability

Metric PRKS YETI Leisure median
Gross margin 44.51% 59.21% 48.02%
Operating margin 19.23% 12.18% 3.08%
Net margin 8.11% 9.24% 2.58%
Free cash flow margin 10.00% 9.97% 2.13%
Return on equity (26.40%) 25.32% 0.00%
Return on assets 4.97% 13.73% 0.05%
Return on invested capital 12.06% 22.66% 3.95%

Growth

Metric PRKS YETI Leisure median
Revenue growth (TTM) (3.54%) 6.24% 3.28%
EPS growth (last fiscal year) (19.26%) (0.98%) —
Revenue growth, 5-year CAGR 30.95% 11.35% 4.22%
Net income growth, 5-year CAGR 0.00% 1.20% 0.00%

Health

Metric PRKS YETI Leisure median
Debt to equity (3.69) 0.17 0.02
Current ratio 0.48 1.75 1.76
Net debt to EBITDA 3.92 (0.43) 1.85

Dividend

Metric PRKS YETI Leisure median
Dividend yield — — 2.86%
Payout ratio 0.00 0.00 0.00

Size

Metric PRKS YETI Leisure median
Market cap 1.48b 3.06b 293.27m

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