Vail Resorts (MTN) Net Margin (2009 - 2026)
Vail Resorts (MTN) recorded Net Margin of 26.09% in fiscal Q3 2026 (quarter ended Apr 30, 2026), down 3.99 percentage points from 30.08% a year earlier but up 6.72 percentage points from the prior quarter.
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Analysis
Vail Resorts (MTN) Net Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Vail Resorts' Net Margin came in at 5.54% as of Apr 30, 2026, down 4.13 percentage points year-over-year; for FY2025 (ended Jul 31, 2025), it was 9.45%, up 1.44 percentage points from FY2024.
- Annual Net Margin has a five-year change of +4.41 percentage points (FY2020 to FY2025).
- Across earlier fiscal years, Net Margin came in at 8.01% in FY2024 (-1.19 pp), 9.20% in FY2023 (-4.57 pp), 13.77% in FY2022 (+7.08 pp) and 6.69% in FY2021 (+1.66 pp).
- Quarterly Net Margin has ranged from -79.36% in fiscal Q1 2022 to 31.66% in fiscal Q3 2022 over the past five years.
- On a year-over-year basis, Net Margin has declined for four consecutive quarters, with an average year-over-year change of -2.78 percentage points over the last eight quarters.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 129.99 percentage points in fiscal Q4 2021, against a drop of 18.86 percentage points in fiscal Q1 2024 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 19.37% (Q2 2026), -68.90% (Q1 2026) and -66.67% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.14 Bn | 11.55 Bn | 1.48 Bn | 10.97% |
| 2 | DraftKings | 18.81 Bn | 14.47 Bn | 551.45 Mn | -4.68% |
| 3 | Flutter Entertainment | 13.30 Bn | 7.05 Bn | 1.71 Bn | -6.33% |
| 4 | Madison Square Garden Sports | 10.02 Bn | 9.62 Bn | 119.21 Mn | 10.15% |
| 5 | Life Time Group Holdings | 8.83 Bn | 8.07 Bn | 412.26 Mn | 11.70% |
| 6 | Wynn Resorts | 8.33 Bn | 1.88 Bn | 758.95 Mn | 7.54% |
| 7 | MGM Resorts International | 8.01 Bn | -169.85 Mn | 1.98 Bn | 6.57% |
| 8 | Caesars Entertainment | 6.03 Bn | 2.65 Bn | 1.50 Bn | -2.07% |
| 9 | Super Group (SGHC) | 5.93 Bn | 3.92 Bn | - | 17.54% |
| 10 | Vail Resorts | 4.92 Bn | 3.51 Bn | - | 26.09% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Apr 30, 2026 | 26.09% |
| Jan 31, 2026 | 19.37% |
| Oct 31, 2025 | -68.90% |
| Jul 31, 2025 | -66.67% |
| Apr 30, 2025 | 30.08% |
| Jan 31, 2025 | 21.49% |
| Oct 31, 2024 | -66.57% |
| Jul 31, 2024 | -65.82% |
| Apr 30, 2024 | 28.21% |
| Jan 31, 2024 | 20.34% |
| Oct 31, 2023 | -67.88% |
| Jul 31, 2023 | -48.52% |
| Apr 30, 2023 | 26.24% |
| Jan 31, 2023 | 18.94% |
| Oct 31, 2022 | -49.02% |
| Jul 31, 2022 | -40.69% |
| Apr 30, 2022 | 31.66% |
| Jan 31, 2022 | 24.64% |
| Oct 31, 2021 | -79.36% |
| Jul 31, 2021 | -68.96% |
API Access
Vail Resorts Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=MTN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "MTN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=MTN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();