Vail Resorts Inc (MTN)
Pretax margin
| Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 329,221 | 371,921 | 329,941 | 310,867 | 356,562 | 411,760 | 453,226 | 440,955 | 436,747 | 360,291 | 221,056 | 120,635 | 128,576 | 141,881 | -30,659 | 68,005 | 106,211 | 164,664 | 371,158 | 367,797 |
| Revenue (ttm) | US$ in thousands | 2,885,191 | 2,889,573 | 2,844,723 | 2,868,483 | 2,889,365 | 2,886,733 | 2,824,963 | 2,629,778 | 2,525,907 | 2,462,973 | 2,175,391 | 1,953,500 | 1,909,710 | 1,782,717 | 1,587,726 | 1,827,720 | 1,963,704 | 2,130,501 | 2,394,401 | 2,319,341 |
| Pretax margin | 11.41% | 12.87% | 11.60% | 10.84% | 12.34% | 14.26% | 16.04% | 16.77% | 17.29% | 14.63% | 10.16% | 6.18% | 6.73% | 7.96% | -1.93% | 3.72% | 5.41% | 7.73% | 15.50% | 15.86% |
July 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $329,221K ÷ $2,885,191K
= 11.41%
The pretax margin of Vail Resorts Inc has shown fluctuations over the past years. It was relatively stable around 15-17% from October 2022 to July 2023, indicating strong profitability before considering taxes. However, there was a significant decline in profitability in the subsequent periods, dropping to as low as -1.93% in January 2021. This suggests a potential decrease in operating efficiency or higher expenses relative to revenue during those times. The pretax margin then gradually improved, reaching 12.87% in April 2024. Overall, the company's pretax margin has been oscillating, reflecting varying levels of operational performance and cost management.
Peer comparison
Jul 31, 2024