Vail Resorts Inc (MTN)
Pretax margin
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 329,221 | 356,562 | 436,747 | 128,576 | 106,211 |
| Revenue | US$ in thousands | 2,885,190 | 2,889,360 | 2,525,910 | 1,909,710 | 1,963,700 |
| Pretax margin | 11.41% | 12.34% | 17.29% | 6.73% | 5.41% |
July 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $329,221K ÷ $2,885,190K
= 11.41%
The pretax margin of Vail Resorts Inc has exhibited variation over the past five years. In the most recent fiscal year ending July 31, 2024, the pretax margin decreased to 11.41%, indicating that for every dollar of revenue generated, the company retained $0.1141 as pre-tax profit after accounting for all operating expenses. This decrease in pretax margin from the prior year suggests potential challenges in cost management or revenue generation efficiency.
Comparing to the previous years, the pretax margin was relatively higher in the fiscal years ending July 31, 2023 (12.34%) and July 31, 2022 (17.29%), reflecting stronger profitability levels. The significant drop in pretax margin in the fiscal year ending July 31, 2021, to 6.73% may indicate operational inefficiencies or increased costs during that period.
Furthermore, the pretax margin in the fiscal year ending July 31, 2020, was 5.41%, showing a slight improvement compared to the previous year. Overall, the trend in Vail Resorts Inc's pretax margin suggests fluctuations in profitability performance, which could be influenced by various internal and external factors impacting the company's financial health and operational efficiency.
Peer comparison
Jul 31, 2024