Vail Resorts (MTN) Net Margin (2009 - 2026)
Vail Resorts' (MTN) quarterly Net Margin came in at 28.23% in Q2 2026, down 352.0% YoY from 11.2% in Q2 2025, and up 35.49% on a QoQ basis from 20.84% in Q1 2026.
Vail Resorts (MTN) Net Margin (2009 - 2026) Analysis & Trends
Vail Resorts (MTN) has 18 years of Net Margin data on file, last reported at 28.23% in Q2 2026.
- Quarterly Net Margin fell 352.0% year-over-year to 28.23% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 6.4% (down 391.0% YoY) and the FY2025 annual result came in at 10.05%, up 149.0% from the prior year.
- Net Margin improved to 28.23% in Q2 2026, from 20.84% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 32.85% in Q2 2022 to a low of 72.49% in Q4 2025.
- A 5-year average of 12.96% and a median of 20.41% in 2023 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2022 — Net Margin soared 2993 bps — and 2023, when it plunged 1942 bps.
- Tracing MTN's Net Margin over 5 years: stood at 51.37% in 2022, then sank by 38 bps to 70.79% in 2023, then gained by 1 bps to 69.91% in 2024, then retreated by 4 bps to 72.49% in 2025, then surged by 139 bps to 28.23% in 2026.
- The last three Net Margin figures came in at 28.23% (Q2 2026), 20.84% (Q1 2026), and 72.49% (Q4 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.10 Bn | 26.73 Bn | 1.81 Bn | 11.83% |
| 2 | MGM Resorts International | 10.94 Bn | 8.39 Bn | 3.10 Bn | 7.25% |
| 3 | Wynn Resorts | 10.22 Bn | 8.64 Bn | 1.14 Bn | 9.83% |
| 4 | Boyd Gaming | 6.06 Bn | 5.74 Bn | 766.76 Mn | 12.56% |
| 5 | Caesars Entertainment | 6.05 Bn | 4.99 Bn | 2.04 Bn | -1.37% |
| 6 | Vail Resorts | 5.35 Bn | 4.98 Bn | - | 28.23% |
| 7 | Marriott Vacations Worldwide | 3.84 Bn | 3.53 Bn | 1.29 Bn | 5.83% |
| 8 | Hilton Grand Vacations | 3.56 Bn | 3.29 Bn | 499.00 Mn | 1.10% |
| 9 | Red Rock Resorts | 3.54 Bn | 2.94 Bn | 420.02 Mn | 15.01% |
| 10 | PENN Entertainment | 2.46 Bn | 1.57 Bn | 1.02 Bn | 1.76% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 28.23% |
| Jan 31, 2026 | 20.84% |
| Oct 31, 2025 | -72.49% |
| Jul 31, 2025 | -69.41% |
| Apr 30, 2025 | 31.75% |
| Jan 31, 2025 | 22.59% |
| Oct 31, 2024 | -69.91% |
| Jul 31, 2024 | -68.26% |
| Apr 30, 2024 | 29.72% |
| Jan 31, 2024 | 21.32% |
| Oct 31, 2023 | -70.79% |
| Jul 31, 2023 | -50.76% |
| Apr 30, 2023 | 27.71% |
| Jan 31, 2023 | 19.98% |
| Oct 31, 2022 | -51.37% |
| Jul 31, 2022 | -41.05% |
| Apr 30, 2022 | 32.85% |
| Jan 31, 2022 | 25.80% |
| Oct 31, 2021 | -81.17% |
| Jul 31, 2021 | -70.98% |