Company / Operating Margin
Vail Resorts Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
18.9%
FY2025
5-year range
11.4% / 21.0%
FY2021-FY2025
Trend
+11.5%
vs FY2024
Sector context
#35 of 195
Consumer Discretionary
What the data says
Vail Resorts's operating margin of 18.9% is higher than 82% of companies in the Consumer Discretionary sector (FY2025). Operating Margin has increased for 3 consecutive years, from 11.4% in FY2022 to 18.9% in FY2025.
Based on SEC 10-K filings.
18.9% in FY2025 with a 5-year CAGR of -1.4%. Top quartile in the Consumer Discretionary sector.
Improved from 13.7% to 18.9% over the past 2 years.
Consumer Discretionary sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +7.5pp
- 5-Year Change
- -1.4pp
- 10-Year Change
- -
Sector benchmark
+426.8% above sector average
Key checks
Key Insights
- Vail Resorts's operating margin has grown for 3 consecutive years.
- In FY2025, operating margin increased 11.5% year-over-year.
- Currently 15.3pp above the Consumer Discretionary sector average.
- Peak operating margin was recorded in FY2021.
Company context
Key Data Points
- Altman Z-Score 0.88 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 18.9% | +11.5% |
| FY2024 | 16.9% | +23.9% |
| FY2023 | 13.7% | +20.1% |
| FY2022 | 11.4% | -45.7% |
| FY2021 | 21.0% | +3.2% |
| FY2020 | 20.3% | +2.2% |
| FY2019 | 19.9% | +12.6% |
| FY2018 | 17.7% | +17.5% |
| FY2017 | 15.0% | +60.9% |
| FY2016 | 9.3% | -37.8% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026