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

Vail Resorts filings provide 17 years of Gross Margin readings, the most recent being 52.51% for Q4 2025.

  • On a quarterly basis, Gross Margin rose 254.0% to 52.51% in Q4 2025 year-over-year; TTM through Oct 2025 was 27.47%, a 85.0% decrease, with the full-year FY2024 number at 28.39%, down 39.0% from a year prior.
  • Gross Margin hit 52.51% in Q4 2025 for Vail Resorts, down from 49.83% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 51.74% in Q2 2021 to a low of 63.27% in Q4 2021.
  • Median Gross Margin over the past 5 years was 35.96% (2023), compared with a mean of 2.28%.
  • Biggest five-year swings in Gross Margin: skyrocketed 8575bps in 2021 and later tumbled -1962bps in 2023.
  • Vail Resorts' 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.
  • The last three reported values for Gross Margin were 52.51% (Q4 2025), 49.83% (Q2 2025), and 40.21% (Q1 2025) per Business Quant data.