Vail Resorts Inc (MTN)

Pretax margin

Jul 31, 2025 Jul 31, 2024 Jul 31, 2023 Jul 31, 2022 Jul 31, 2021
Earnings before tax but after interest (EBT) US$ in thousands 402,397 345,095 373,517 457,161 125,183
Revenue US$ in thousands 2,963,910 2,885,190 2,889,360 2,525,910 1,909,710
Pretax margin 13.58% 11.96% 12.93% 18.10% 6.56%

July 31, 2025 calculation

Pretax margin = EBT ÷ Revenue
= $402,397K ÷ $2,963,910K
= 13.58%