Last 47 quarters of trend data · Consumer Cyclical · Gambling, Resorts & Casinos
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Vail Resorts, Inc.'s quarterly P/E stands at 5.7x, down 12.3% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 64.2% YoY to 1.7x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 16.64 | 5.69 | — | — | 3.30 | 6.48 | — | — | 4.96 | 9.64 | — | — | 7.35 |
| — | -12.3% | — | — | -33.5% | -32.7% | — | — | -32.5% | -24.2% | — | — | +6.0% | |
| P/S Ratio | 1.51 | 1.10 | 4.91 | 5.06 | 1.00 | 1.40 | 5.96 | 6.44 | 1.40 | 1.96 | 7.82 | 8.37 | 1.93 |
| — | -21.2% | -17.6% | -21.4% | -28.5% | -28.6% | -23.8% | -23.1% | -27.4% | -18.6% | -1.0% | -6.4% | -12.2% | |
| P/B Ratio | 6.18 | 7.41 | 11.38 | 7.28 | 4.20 | 7.79 | 8.33 | 6.58 | 5.43 | 7.34 | 8.72 | 6.77 | 5.97 |
| — | -4.9% | +36.6% | +10.6% | -22.7% | +6.2% | -4.4% | -2.7% | -9.0% | +23.0% | +53.2% | +30.8% | +19.3% | |
| P/FCF | 14.02 | 6.46 | 5.45 | — | 15.35 | 6.33 | 7.34 | — | 21.12 | 12.74 | 7.35 | — | 35.82 |
| — | +2.0% | -25.8% | — | -27.3% | -50.3% | -0.1% | — | -41.0% | -8.7% | -30.4% | — | +78.3% | |
| EV / EBITDA | 8.74 | 1.73 | — | — | 2.93 | 4.83 | — | — | 3.83 | 6.32 | — | — | 5.30 |
| — | -64.2% | — | — | -23.7% | -23.6% | — | — | -27.7% | -19.6% | — | — | +4.8% | |
| EV / EBIT | 13.37 | 1.94 | — | — | 3.27 | 5.71 | — | — | 4.28 | 7.42 | — | — | 5.98 |
| — | -66.0% | — | — | -23.6% | -23.0% | — | — | -28.4% | -19.6% | — | — | +5.3% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Vail Resorts, Inc.'s operating margin was 55.6% in Q2 2026, up 133.0 pp QoQ and up 21.8 pp YoY. The trailing four-quarter average of -13.0% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 88.1% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 42.8% | 94.6% | -11.8% | -6.9% | 58.0% | 50.3% | -14.0% | -7.7% | 58.2% | 49.8% | -13.0% | -1.1% | 57.4% |
| — | +88.1% | +15.9% | +10.1% | -0.3% | +1.0% | -8.1% | -620.0% | +1.4% | +7.0% | -5315.9% | -112.4% | -3.6% | |
| Operating Margin | 18.9% | 55.6% | -77.4% | -75.1% | 44.9% | 33.8% | -77.6% | -74.9% | 42.6% | 32.5% | -80.1% | -59.3% | 40.4% |
| — | +64.5% | +0.2% | -0.2% | +5.3% | +3.9% | +3.1% | -26.2% | +5.4% | +9.2% | -37.0% | -61.6% | -12.0% | |
| Net Margin | 9.4% | 19.4% | -68.9% | -68.4% | 30.3% | 21.6% | -66.6% | -66.1% | 28.2% | 20.3% | -67.9% | -47.7% | 26.2% |
| — | -10.3% | -3.5% | -3.4% | +7.5% | +6.1% | +1.9% | -38.7% | +7.5% | +7.4% | -38.5% | -17.1% | -17.1% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 31.2% | 37.7% | -30.6% | -18.6% | 38.3% | 31.5% | -19.4% | -14.9% | 29.3% | 21.1% | -15.5% | -8.8% | 19.2% |
| — | +20.0% | -57.4% | -25.4% | +30.7% | +49.1% | -25.3% | -69.6% | +52.1% | +68.3% | -92.4% | -57.7% | -0.3% | |
| ROA | 4.9% | 3.7% | -3.2% | -3.2% | 7.0% | 4.4% | -3.1% | -3.0% | 6.2% | 3.8% | -3.0% | -2.1% | 5.1% |
| — | -15.9% | -5.9% | -5.4% | +12.0% | +16.3% | -1.9% | -44.0% | +22.0% | +16.3% | -37.9% | -23.8% | -12.7% | |
| ROIC | 11.2% | 23.5% | -4.5% | -4.1% | 12.4% | 8.6% | -4.2% | -4.1% | 11.9% | 7.6% | -4.2% | -3.0% | 9.8% |
| — | +171.5% | -5.0% | -0.4% | +4.4% | +13.8% | -1.1% | -34.1% | +21.7% | +7.8% | -21.7% | -58.1% | -11.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Vail Resorts, Inc.'s Debt/EBITDA ratio is 0.4x — comfortably within a safe range. The current ratio has improved 31.5% YoY to 0.62x, strengthening the short-term liquidity position.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 4.57 | 0.44 | 7.31 | 4.57 | 2.39 | 3.64 | 4.07 | 2.93 | 2.24 | 2.61 | 3.66 | 2.26 | 2.14 |
| — | -87.8% | +79.4% | +55.8% | +6.6% | +39.5% | +11.2% | +29.5% | +4.9% | +50.3% | +86.3% | +42.2% | +32.7% | |
| Debt / EBITDA | 4.02 | 0.42 | — | — | 4.50 | 6.48 | — | — | 4.82 | 7.14 | — | — | 6.00 |
| — | -93.5% | — | — | -6.5% | -9.2% | — | — | -19.7% | -8.7% | — | — | +9.3% | |
| Current Ratio | 0.63 | 0.62 | 0.54 | 0.63 | 0.61 | 0.47 | 0.63 | 0.82 | 1.18 | 0.96 | 0.83 | 1.07 | 1.50 |
| — | +31.5% | -13.6% | -22.8% | -47.9% | -50.7% | -24.8% | -23.7% | -21.4% | -29.8% | -31.1% | -33.7% | -32.4% | |
| Quick Ratio | 0.56 | 0.51 | 0.46 | 0.56 | 0.54 | 0.40 | 0.51 | 0.71 | 1.08 | 0.85 | 0.72 | 0.95 | 1.40 |
| — | +29.1% | -10.3% | -21.0% | -49.4% | -53.1% | -28.3% | -25.6% | -22.9% | -33.2% | -35.1% | -37.2% | -33.8% | |
| Interest Coverage | 3.26 | 12.18 | -4.09 | -4.45 | 14.07 | 9.07 | -4.72 | -4.36 | 13.72 | 8.64 | -5.08 | -3.98 | 12.79 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Vail Resorts, Inc.'s current P/E is 16.6x. The average P/E over the last 2 quarters is 4.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Vail Resorts, Inc.'s current operating margin is 18.9%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Vail Resorts, Inc.'s business trajectory between earnings reports.