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Friday 6 November 2026
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Vail Resorts, Inc.
MTN Consumer Cyclical Resorts & Casinos
Vail Resorts, Inc.’s revenue for fiscal 2026 (year ended July 2026) was $2.8 billion, down 4.26% from fiscal 2025.
- Revenue
- +2.50%
- EPS
- −5.12%
- Free cash flow
- +29.4%
- Total debt
- −0.25%
Quarter to July 2026, against a year earlier
158.72
2.36
−1.47%
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Vail Resorts, Inc. (MTN) Operating margin
Vail Resorts, Inc.'s operating margin over the twelve months to 31 July 2026 was 14.8%. Over the past ten years it has ranged from 11.4% (fiscal 2020) to 23.8% (fiscal 2022); the current reading is higher than 25% of that period. That is above the Resorts & Casinos industry median of 12.2% and above the Consumer Cyclical sector median of 3.88%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2026 | 14.8% | (4.07) |
| FY2025 | 18.9% | 1.95 |
| FY2024 | 16.9% | (0.52) |
| FY2023 | 17.5% | (6.36) |
| FY2022 | 23.8% | 10.15 |
| FY2021 | 13.7% | 2.29 |
| FY2020 | 11.4% | (9.59) |
| FY2019 | 21.0% | 0.65 |
| FY2018 | 20.3% | 0.43 |
| FY2017 | 19.9% | 2.22 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jul 2026 | −75.1% | (116.09) |
| Apr 2026 | 41.0% | 9.17 |
| Jan 2026 | 31.8% | 109.25 |
| Oct 2025 | −77.4% | (4.05) |
| 43 more quarters | Free account |
Against its own ten years
Low 11.4%
High 23.8%
Ten-year median
17.6%
Current reading's percentile
19
Operating margin against peers
| Company | Operating margin |
|---|---|
| RRR Red Rock Resorts, Inc. compare | 22.3% |
| BYD Boyd Gaming Corporation compare | 17.8% |
| CZR Caesars Entertainment, Inc. compare | 15.4% |
| HGV Hilton Grand Vacations Inc. compare | 15.0% |
| MTN Vail Resorts, Inc. | 14.8% |
| WYNN Wynn Resorts, Limited compare | 14.2% |
| MGM MGM Resorts International compare | 7.04% |
| PENN PENN Entertainment, Inc. compare | 4.65% |
| VAC Marriott Vacations Worldwide Corporation compare | −1.35% |
| Resorts & Casinos industry median | 12.2% |
| Consumer Cyclical sector median | 3.88% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on MTN
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement