United Parks & Resorts
PRKS on NYSE. United Parks & Resorts sells theme park admission, food, and merchandise to visitors. Market value $1.6bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Worth a closer look
Why it could be worth it
What to watch out for
Nothing big in our quick check. See what could go wrong below.
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $10.73 of spare cash in the past 12 months. A savings account pays about $4.
You pay 12.0 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 22 cents a year. Above 10 is good.
Quality score: 80 of 100. Price score: 100 of 100. Our list needs 70 on quality and 60 on price.
$33.88 a share, 18% above its 1-year low
Over the past year the price has ranged from $28.77 to $55.19.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $1.5bn | $1.7bn | $1.7bn | $1.7bn | $1.7bn |
| Operating margin | |||||
| Operating margin | 28.7% | 29.3% | 26.6% | 26.9% | 22.0% |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.06bn | 0.06bn | 0.06bn | 0.05bn | 0.05bn |
Health checks
- Free cash flow positive5 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)6 of 7 checks we could run
- Profit backed by cash (accruals)Yes
- DebtUnknown
- Revenue growth, five yearsStrong, 31.0% a year
- Buying back its own sharesYes, 29% fewer since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $483 million last quarter, down 1% on a year ago.
- Profit: $63 million, down 21% on a year ago.
- It keeps 19 cents of each $1 of sales as operating profit, down from 25 cents a year earlier.
- Spare cash over the past 12 months: $165 million, down from $250 million.
- 15% fewer shares than a year ago. Each share owns a bit more of the company.
- Debt is $2.3 billion more than cash, up from $2 billion a year ago.
- Sales did not grow on a year ago in any of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $546m |
| December 2024 | $384m |
| March 2025 | $287m |
| June 2025 | $490m |
| September 2025 | $512m |
| December 2025 | $374m |
| March 2026 | $278m |
| June 2026 | $483m |
| Quarter to | Amount |
|---|---|
| September 2024 | $120m |
| December 2024 | $28m |
| March 2025 | -$16m |
| June 2025 | $80m |
| September 2025 | $89m |
| December 2025 | $15m |
| March 2026 | -$34m |
| June 2026 | $63m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 3 March 2026
- Next quarterly (estimated, 10-Q)
- 6 November 2026
Who owns it
4 long-term investors we follow own it, down from 5 last quarter. 234 funds in all.
- LSV Asset ManagementJosef Lakonishok
- Value
- $2m
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Voss CapitalTravis Cocke | $80m | 4.0% | Cut |
| Engine CapitalArnaud Ajdler | $47m | 4.6% | Cut |
| Hotchkis & WileyHotchkis & Wiley team | $10m | <0.1% | Cut |
| LSV Asset ManagementJosef Lakonishok | $2m | <0.1% |
Sold out this quarter
Largest holders overall
- Hill Path Capital LP$1.3bn
- Nomura Holdings$213m
- BlackRock$172mCut
- Voss Capital$80mCut
- Goldentree Asset Management LP$65mCut
- River Road Asset Management$63mCut
- Hawk Ridge Capital Management LP$56mCut
- UBS Group AG$56mAdded
- Vanguard Portfolio Management$53mCut
- Goldman Sachs Group$50mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
3 investors own more than 5%.
- ROSS SCOTT Iat least 60.2%+2.3 pts(filed with 20 related holders)Since 7 August 2026
- BlackRock, Inc.Passive investor7.4%Since 30 September 2025
- Steven A. TananbaumPassive investorat least 4.6%−0.4 pts(filed with 1 related holder)Since 31 December 2025
- Barrow HanleyPassive investorSold down below 5%Since 31 March 2025
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
ROSS SCOTT I | at least 60.2%+2.3 pts (filed with 20 related holders) | 7 August 2026 | |
BlackRock, Inc. Passive investor | 7.4% | 30 September 2025 | |
Steven A. Tananbaum Passive investor | at least 4.6%−0.4 pts (filed with 1 related holder) | 31 December 2025 | |
Barrow Hanley Passive investor | Sold down below 5% | 31 March 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 2 sold $880,708.
- Forrester James W JrSee RemarksSold
- Date
- 15 September 2026
- Shares
- 1,150
- Price
- $35.71
- Value
- $41,071
- Finazzo Christopher L.Chief Commercial OfficerSold
- Date
- 6 August 2026
- Shares
- 6,622
- Price
- $44.20
- Value
- $292,692
- Finazzo Christopher L.Chief Commercial OfficerSold
- Date
- 22 May 2026
- Shares
- 8,000
- Price
- $36.76
- Value
- $294,080
- Finazzo Christopher L.Chief Commercial OfficerSold
- Date
- 15 December 2025
- Shares
- 7,200
- Price
- $35.12
- Value
- $252,864
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 15 September 2026 | Forrester James W Jr See Remarks | Sold | 1,150 | $35.71 | $41,071 |
| 6 August 2026 | Finazzo Christopher L. Chief Commercial Officer | Sold | 6,622 | $44.20 | $292,692 |
| 22 May 2026 | Finazzo Christopher L. Chief Commercial Officer | Sold | 8,000 | $36.76 | $294,080 |
| 15 December 2025 | Finazzo Christopher L. Chief Commercial Officer | Sold | 7,200 | $35.12 | $252,864 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 3 Mar 2026, plus the 10-Q filed 7 Aug 2026 and 4 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
- It owes more than it owns on paper (negative equity). Often that's from borrowing to buy back shares.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.