Financials in USD. Standardized financial statements.
A compact view of how Vail Resorts, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $2.96B | $2.89B | $2.89B | $2.53B | $1.91B | $1.96B | $2.27B | $2.01B | $1.91B | $1.60B |
| Revenue Growth? | +2.7% | -0.1% | +14.4% | +32.3% | -2.7% | -13.6% | +12.9% | +5.5% | +19.1% | 0.0% |
| Cost of Revenue? | $1.70B | $1.66B | $1.67B | $1.35B | $1.08B | $1.19B | $1.30B | $1.14B | $1.09B | $943.50M |
| Gross Profit? | $1.27B | $1.23B | $1.22B | $1.18B | $830.04M | $776.02M | $974.25M | $867.34M | $821.18M | $657.78M |
| Gross Margin? | +42.8% | +42.6% | +42.3% | +46.6% | +43.5% | +39.5% | +42.9% | +43.1% | +43.1% | +41.1% |
| Operating Expenses? | $708.19M | $740.40M | $716.71M | $574.90M | $569.03M | $552.63M | $497.98M | $458.52M | $441.92M | $374.80M |
| Operating Income? | $559.96M | $488.85M | $504.42M | $601.73M | $261.02M | $223.39M | $476.27M | $408.82M | $379.26M | $282.98M |
| EBITDA? | $870.46M | $783.43M | $795.04M | $857.74M | $529.17M | $472.73M | $696.58M | $607.78M | $591.70M | $446.47M |
| Income Before Tax | $402.40M | $339.75M | $370.42M | $457.16M | $125.18M | $116.43M | $398.96M | $340.09M | $348.45M | $242.62M |
| Income Tax Expense | $104.42M | $92.78M | $87.64M | $88.82M | $726,000 | $7.38M | $75.47M | -$61.14M | $116.73M | $93.17M |
| Net Income? | $280.00M | $231.10M | $265.82M | $347.92M | $127.85M | $98.83M | $301.16M | $379.90M | $210.55M | $149.75M |
| EPS? | $7.54 | $6.08 | $6.70 | $8.60 | $3.17 | $2.45 | $7.46 | $9.40 | $5.36 | $4.13 |
| Diluted EPS? | $7.53 | $6.07 | $6.69 | $8.55 | $3.13 | $2.42 | $7.32 | $9.13 | $5.22 | $4.01 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality