Vail Resorts Inc (MTN)
Gross profit margin
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,460,400 | 2,476,950 | 2,139,740 | 1,550,710 | 1,574,060 |
| Revenue | US$ in thousands | 2,885,190 | 2,889,360 | 2,525,910 | 1,909,710 | 1,963,700 |
| Gross profit margin | 85.28% | 85.73% | 84.71% | 81.20% | 80.16% |
July 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,460,400K ÷ $2,885,190K
= 85.28%
The gross profit margin of Vail Resorts Inc has shown a consistent upward trend over the past five years, showcasing strong profitability in its core operations. The company's gross profit margin increased from 80.16% in 2020 to 85.28% in 2024. This improvement indicates that Vail Resorts has been effectively managing its production and operational costs relative to its revenue, resulting in a higher percentage of revenue retained as gross profit. The consistently high gross profit margin demonstrates the company's ability to generate revenues efficiently and effectively control its cost of goods sold. Overall, the trend suggests that Vail Resorts has a solid operating performance and cost management strategy in place.
Peer comparison
Jul 31, 2024