Vail ResortsFRA:VAI +2.54%70 Gross Margin % is 57.01% as of Apr. 2026, which is 33% above its 10-year median of 42.84. GuruFocus rates FRA:VAI with a GF Score™ of 70/100 and a GF Value™ of €148.16 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 790 Travel & Leisure companies, Vail Resorts ranks worse than 54.18% on this metric.
The historical rank and industry rank for Vail Resorts's Gross Margin % or its related term are showing as below:
FRA:VAI'
s Gross Margin % Range Over the Past 10 Years
Min: 39.52 Med: 42.84 Max: 46.58
Current: 41.64
During the past 13 years, the highestGross Margin % of Vail Resorts was 46.58%. The lowest was 39.52%. And the median was 42.84%.
FRA:VAI's Gross Margin % is ranked worse than 54.18% of 790
companies
in the Travel & Leisure industry
Industry Median: 44.09
vs FRA:VAI: 41.64
Vail Resorts had a gross margin of 57.01% for the quarter that ended in Apr. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Vail Resorts was 0.70% per year.
Vail Resorts (FRA:VAI) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Vail Resorts had a gross margin of 57.01% for the quarter that ended in Apr. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Vail Resorts Gross Margin % Related Terms
Vail Resorts Gross Margin % Historical Data
* Premium members only.
The historical data trend for Vail Resorts's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:VAI vs HGV, RRR, CZR: Gross Margin % Comparison
For the Resorts & Casinos subindustry, Vail Resorts's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Vail Resorts Gross Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Vail Resorts's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Vail Resorts's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Vail Resorts (FRA:VAI) has a Gross Margin % of 57.01% as of Apr. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Vail Resorts and its competitors. This is 33% above median its historical median of 42.84. Over the past decade, Vail Resorts' Gross Margin % has ranged from 39.52 to 46.58. According to the industry distribution chart, Vail Resorts ranks #428 out of 790 companies in the Travel & Leisure industry, placing it in the top 54.2%.
Is Vail Resorts' Gross Margin % too high?
Vail Resorts' current Gross Margin % of 57.01% is 33% above median its 10-year median of 42.84. Over the past 10 years, this metric has ranged from a low of 39.52 to a high of 46.58. The Travel & Leisure industry median Gross Margin % is 44.09. Vail Resorts' value of 57.01% is 29.3% above this industry median. Based on the distribution chart, Vail Resorts ranks #428 out of 790 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Vail Resorts has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vail Resorts' Gross Margin % compare to HGV and RRR?
According to the Travel & Leisure industry distribution chart, Vail Resorts ranks #428 out of 790 companies for Gross Margin %. This places Vail Resorts in the lower half of its industry. The industry median Gross Margin % is 44.09. Vail Resorts' value of 57.01% is 29.3% above this benchmark. Historically, Vail Resorts' own Gross Margin % has ranged from 39.52 to 46.58 over the past decade. While the company's 10-year median is 42.84 vs. the industry median of 44.09, Vail Resorts has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Travel & Leisure company?
The median Gross Margin % among Travel & Leisure companies is 44.09, based on 790 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vail Resorts's current Gross Margin % of 57.01% is 29.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Vail Resorts and its competitors. For the Travel & Leisure industry, the median Gross Margin % is 44.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vail Resorts's current Gross Margin % is 57.01%, which is 33% above median its own 10-year median of 42.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vail Resorts stock overvalued right now?
Based on GuruFocus' analysis, Vail Resorts (FRA:VAI) is currently considered Modestly Undervalued. The stock's GF Value™ is €148.16, compared to a current price of €121.00 — trading 18.3% below its estimated fair value. The current Gross Margin % is 57.01%, which is 33% above median its 10-year median of 42.84 and 29.3% above the Travel & Leisure industry median of 44.09. Vail Resorts' overall GF Score™ is 70/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Vail Resorts (FRA:VAI), the current Gross Margin % is 57.01% as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Vail Resorts (FRA:VAI) Overvalued in 2026?
Based on GuruFocus' analysis, Vail Resorts stock appears to be undervalued.
The current stock price of €121.00 is trading 18.3% below its estimated GF Value™ of €148.16.
GuruFocus considers Vail Resorts to be Modestly Undervalued.
Key valuation signals for FRA:VAI:
Gross Margin %: 57.01% (33% above median its 10-year median of 42.84)
GF Value™: €148.16 vs. price of €121.00 (18.3% below fair value)
Industry Position: 29.3% above the Travel & Leisure median (#428 of 790)
No single metric tells the full story. See the FRA:VAI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vail Resorts Inc Bhd is a resorts and casinos company that operates mountain resorts and ski areas. The company has three business segments that include Mountain, Lodging, and Real Estate. The Mountain segment operates numerous ski resort properties that offer a variety of winter and summer activities, such as skiing, snowboarding, snowshoeing, hiking, and mountain biking. The Lodging segment owns and operates hotels and condominiums. The Real Estate segment owns, develops, and leases real estate, typically near its other properties. The company generates the vast majority of its revenue within the United States.
70GF Score
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