Vail Resorts Inc (MTN) FinancialsMTNVail Resorts Inc

Vail Resorts, Inc. (MTN) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Other, accounting for 36.2% of total sales, equivalent to $100.65M. Other significant revenue streams include Lift and Dining. Understanding this composition is critical for investors evaluating how MTN navigates market cycles within the Leisure & Recreation industry.

Evaluating the bottom line, Vail Resorts, Inc. maintains a gross margin of -37.96%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at -72.84%, while the net margin is -71.52%. These profitability ratios, combined with a Return on Equity (ROE) of 44.37%, provide a clear picture of how effectively MTN converts its operational activities into shareholder value.

In the context of the broader market, MTN competes directly with industry leaders such as RRR and WH. With a market capitalization of $5.44B, it holds a leading position in the sector. When comparing efficiency, MTN's gross margin of -37.96% stands against RRR's 50.27% and WH's 54.13%. Such benchmarking helps identify whether Vail Resorts, Inc. is trading at a premium or discount relative to its financial performance.

Vail Resorts reported a net income of $147.5 million for fiscal 2026, down from $280 million the previous year, indicating a decline in profitability. The gross margin for Q3 2026 was 50.61%, showing some operational strength despite revenue pressures.