Vail Resorts (MTN) Operating Margin (2009 - 2026)
Vail Resorts (MTN) recorded Operating Margin of -75.09% in fiscal Q4 2026 (quarter ended Jul 31, 2026), down 1.72 percentage points from -73.37% a year earlier and down 116.10 percentage points from the prior quarter.
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Analysis
Vail Resorts (MTN) Operating Margin (2009 - 2026) Analysis & Trends
For FY2026 (ended Jul 31, 2026), Vail Resorts reported Operating Margin of 14.82%, down 4.07 percentage points from FY2025.
- Annual Operating Margin has a five-year change of +1.15 percentage points (FY2021 to FY2026).
- Across earlier fiscal years, Operating Margin came in at 18.89% in FY2025 (+1.95 pp), 16.94% in FY2024 (-0.51 pp), 17.46% in FY2023 (-6.36 pp) and 23.82% in FY2022 (+10.15 pp).
- Quarterly Operating Margin has ranged from -94.36% in fiscal Q1 2022 to 45.92% in fiscal Q3 2022 over the past five years.
- On a year-over-year basis, Operating Margin has declined for three consecutive quarters, with an average year-over-year change of +0.14 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 46.74 percentage points in fiscal Q4 2022, against a drop of 22.87 percentage points in fiscal Q4 2023 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 41.00% (Q3 2026), 31.83% (Q2 2026) and -77.42% (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 23.07 Bn | 9.67 Bn | 1.47 Bn | 19.22% |
| 2 | Flutter Entertainment | 13.70 Bn | 7.07 Bn | 1.71 Bn | -3.33% |
| 3 | DraftKings | 10.24 Bn | 5.91 Bn | 551.45 Mn | -4.72% |
| 4 | Life Time Group Holdings | 9.86 Bn | 9.09 Bn | 412.26 Mn | 17.29% |
| 5 | Madison Square Garden Sports | 9.26 Bn | 8.86 Bn | 119.21 Mn | 11.53% |
| 6 | Wynn Resorts | 7.44 Bn | 1.72 Bn | 758.95 Mn | 16.03% |
| 7 | MGM Resorts International | 7.13 Bn | -1.90 Bn | 1.98 Bn | 11.32% |
| 8 | Light & Wonder | 7.12 Bn | 6.43 Bn | 618.00 Mn | 26.93% |
| 9 | Caesars Entertainment | 5.89 Bn | 2.34 Bn | 1.50 Bn | 17.14% |
| 10 | Vail Resorts | 5.41 Bn | 3.80 Bn | - | -75.09% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | -75.09% |
| Apr 30, 2026 | 41.00% |
| Jan 31, 2026 | 31.83% |
| Oct 31, 2025 | -77.42% |
| Jul 31, 2025 | -73.37% |
| Apr 30, 2025 | 44.60% |
| Jan 31, 2025 | 33.69% |
| Oct 31, 2024 | -77.58% |
| Jul 31, 2024 | -75.84% |
| Apr 30, 2024 | 42.60% |
| Jan 31, 2024 | 32.52% |
| Oct 31, 2023 | -80.08% |
| Jul 31, 2023 | -59.60% |
| Apr 30, 2023 | 40.42% |
| Jan 31, 2023 | 29.77% |
| Oct 31, 2022 | -58.46% |
| Jul 31, 2022 | -36.73% |
| Apr 30, 2022 | 45.92% |
| Jan 31, 2022 | 35.87% |
| Oct 31, 2021 | -94.36% |
API Access
Vail Resorts Operating 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=operating-margin&ticker=MTN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=MTN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();