Growth Metrics

Vail Resorts (MTN) Gross Margin (2016 - 2025)

Vail Resorts (MTN) has disclosed Gross Margin for 17 consecutive years, with 52.51% as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Gross Margin rose 254.0% year-over-year to 52.51%, compared with a TTM value of 27.47% through Oct 2025, down 85.0%, and an annual FY2024 reading of 28.39%, down 39.0% over the prior year.
  • Gross Margin was 52.51% for Q4 2025 at Vail Resorts, down from 49.83% in the prior quarter.
  • Across five years, Gross Margin topped out at 51.74% in Q2 2021 and bottomed at 63.27% in Q4 2021.
  • Average Gross Margin over 5 years is 2.28%, with a median of 35.96% recorded in 2023.
  • The sharpest move saw Gross Margin soared 8575bps in 2021, then plummeted -1962bps in 2023.
  • Year by year, Gross Margin stood at 63.27% in 2021, then soared by 45bps to 35.11% in 2022, then plummeted by -56bps to 54.73% in 2023, then decreased by -1bps to 55.05% in 2024, then grew by 5bps to 52.51% in 2025.
  • Business Quant data shows Gross Margin for MTN at 52.51% in Q4 2025, 49.83% in Q2 2025, and 40.21% in Q1 2025.