FUN
Six Flags Entertainment Corporation
FUN offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
NIO
NIO Inc.
NIO has the edge over FUN overall, supported by stronger fundamentals and lower modeled downside.
FUN Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Under pressure | |
| Healthy | |
| Weak |
FUN's cash flow is currently healthy, but its revenue, profitability and balance sheet are under pressure.
NIO Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| Stable | |
| Unavailable |
NIO's revenue is currently strong, and its profitability and cash flow are stable. There isn't enough data to rate its balance sheet.
FUN PE Valuation
FUN has no meaningful PE right now: it lost money over the past year.
NIO PE Valuation
NIO has no meaningful PE right now: it lost money over the past year.
FUN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect FUN's losses to shrink, with revenue holding steady. However, they disagree widely on these estimates.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
NIO has the edge over FUN on the outlook, with more favorable revenue expectations.
FUN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2024 | -$0.65 | -123% |
| Q2 2024 | $2.46 | -46% |
| Q1 2024 | $2.42 | -45% |
| Q4 2023 | $2.44 | -55% |
| Q3 2023 | $2.88 | -39% |
| Q2 2023 | $4.53 | +212% |
| Q1 2023 | $4.38 | +$4.86 |
| Q4 2022 | $5.43 | +$6.30 |
NIO has the stronger earnings trend. Trailing diluted EPS is down 1,509% for FUN versus NIO down 117%.
NIO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.29 | +$1.45 |
| Q1 2026 | -$0.60 | +$1.16 |
| Q4 2025 | -$1.06 | +$0.60 |
| Q3 2025 | -$1.59 | +$0.02 |
| Q2 2025 | -$1.74 | -$0.10 |
| Q1 2025 | -$1.76 | +$0.06 |
| Q4 2024 | -$1.66 | +$0.21 |
| Q3 2024 | -$1.61 | +$0.32 |
NIO is still losing money, but far less than before: $0.29 per share over the past year, against $1.93 at its worst in late 2023.
FUN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.2B | -11% |
| Q2 2026 | $864.9M | -7% |
| Q1 2026 | $225.6M | +12% |
| Q4 2025 | $650.1M | -5.4% |
| Q3 2025 | $1.3B | -2.3% |
| Q2 2025 | $930.4M | +63% |
| Q1 2025 | $202.1M | +99% |
| Q4 2024 | $687.3M | +85% |
FUN's revenue is shrinking: $1.2B last quarter, down 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -26% | +58 points |
| Q2 2026 | 10% | +2.2 points |
| Q1 2026 | -138% | +21 points |
| Q4 2025 | -3.8% | -11 points |
| Q3 2025 | -84% | -103 points |
| Q2 2025 | 8% | -14 points |
| Q1 2025 | -159% | -35 points |
| Q4 2024 | 7.4% | -0.3 points |
FUN's operating margin was −26% last quarter, up 58 points from the same quarter a year ago.
NIO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $4.8B | +69% |
| Q1 2026 | $3.8B | +112% |
| Q4 2025 | $5.2B | +76% |
| Q3 2025 | $3.3B | +17% |
| Q2 2025 | $2.9B | +9% |
| Q1 2025 | $1.8B | +21% |
| Q4 2024 | $3B | +15% |
| Q3 2024 | $2.8B | -2.1% |
NIO has the edge over FUN on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -2.1% | +24 points |
| Q1 2026 | -1.2% | +52 points |
| Q4 2025 | 2.3% | +33 points |
| Q3 2025 | -16% | +12 points |
| Q2 2025 | -26% | +4 points |
| Q1 2025 | -53% | +1.1 points |
| Q4 2024 | -31% | +8.1 points |
| Q3 2024 | -28% | -2.6 points |
NIO has the edge over FUN on profitability, with a higher operating margin.
FUN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $254M | -0.8% |
| Q2 2026 | $140.3M | +645% |
| Q1 2026 | -$137.1M | +$180.8M |
| Q4 2025 | -$109.3M | +$16.5M |
| Q3 2025 | $256.2M | +13% |
| Q1 2025 | -$318M | -$150.3M |
| Q4 2024 | -$125.8M | -$70.6M |
| Q3 2024 | $227.7M | -16% |
FUN has the edge over NIO on cash flow, with more consistent year-over-year improvement.
NIO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | +$2.1B |
| Q1 2026 | $0 | $0 |
| Q4 2025 | $0 | +$391.3M |
| Q3 2025 | $0 | $0 |
| Q2 2025 | -$2.1B | +$73.9M |
| Q1 2025 | $0 | $0 |
| Q4 2024 | -$391.3M | -386% |
| Q2 2024 | -$2.2B | +$337.9M |
NIO's free cash flow was $0 over the past year, against −$2.5B the year before.
FUN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +137K shares |
| 1 year | +1% | +984K shares |
| 3 years | +98% | +50.5M shares |
| 5 years | +80% | +45.2M shares |
| Available history | +80% | +45.2M shares |
FUN has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2024 | — |
| Q4 2023 | $2.7M |
| Q3 2023 | $12M |
| Q2 2023 | $7.6M |
| Q1 2023 | $54.9M |
| Q4 2022 | $120.7M |
| Q3 2022 | $63.9M |
| Q2 2022 | $12,000 |
NIO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +15.6M shares |
| 1 year | +12% | +267M shares |
| 3 years | +51% | +844M shares |
| 5 years | +60% | +933M shares |
| Available history | +143% | +1.5B shares |
NIO has 2.5B diluted shares, up 12% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
NIO hasn't bought back shares in the past year.
FUN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2025 | 9.3x | High |
| Q1 2025 | 9.9x | High |
| Q4 2024 | 7.8x | High |
| Q3 2024 | 8.9x | High |
| Q2 2024 | 4.7x | High |
| Q1 2024 | 5.3x | High |
| Q4 2023 | 4.9x | High |
| Q3 2023 | 4.6x | High |
FUN's net debt is about 9.3 years of its operating earnings (EBITDA), up from 4.7 years a year ago.
NIO Net Leverage
NIO's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
FUN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.5 | Neutral |
| Stochastic | 25.9 | Neutral |
FUN's weekly RSI is 41 (neutral) and its Stochastic is 26 (neutral).
NIO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.7 | Neutral |
| Stochastic | 6.9 | Oversold |
NIO's weekly RSI is 31 (neutral) and its Stochastic is 7 (oversold).
FUN PE vs Consumer Cyclical Sector
| Metric | FUN | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
FUN has no meaningful PE right now: it lost money over the past year.
NIO PE vs Consumer Cyclical Sector
NIO has no meaningful PE right now: it lost money over the past year.
FUN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.86 | 13% above |
| 20 week MA | $13.9 | 20% below |
| 50 week MA | $16.5 | 32% below |
| 100 week MA | $24.3 | 54% below |
| 200 week MA | $33.2 | 66% below |
FUN has the edge over NIO on trend strength, trading above more of its moving averages.
NIO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.36 | 9.2% below |
| 20 week MA | $4.01 | 24% below |
| 50 week MA | $4.81 | 37% below |
| 100 week MA | $4.85 | 37% below |
| 200 week MA | $6.03 | 49% below |
NIO is in a downtrend: it's below all five of its weekly moving averages, and 49% below its 200-week average.
FUN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $55.7 | $39.1 | -30% |
| 2021 | $39.1 | $50.0 | +28% |
| 2022 | $50.0 | $39.9 | -20% |
| 2023 | $39.9 | $39.8 | -0.3% |
| 2024 | $39.8 | $49.1 | +23% |
| 2025 | $49.1 | $14.9 | -70% |
| 2026 YTD | $14.9 | $11.2 | -25% |
FUN has the edge over NIO on returns for 2026, with the stronger performance.
NIO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $2.42 | $45.8 | +1791% |
| 2021 | $45.8 | $30.5 | -33% |
| 2022 | $30.5 | $11.0 | -64% |
| 2023 | $11.0 | $9.07 | -17% |
| 2024 | $9.07 | $4.48 | -51% |
| 2025 | $4.48 | $5.10 | +14% |
| 2026 YTD | $5.10 | $3.05 | -40% |
NIO's yearly returns have swung widely, from +1791% in 2020 to −64% in 2022. It's down 40% so far in 2026.