Vail ResortsFRA:VAI +2.48%69 Operating Margin % is 42.10% as of Apr. 2026, which is 120% above its 10-year median of 19.10. GuruFocus rates FRA:VAI with a GF Score™ of 69/100 and a GF Value™ of €155.35 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 844 Travel & Leisure companies, Vail Resorts ranks better than 69.55% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Vail Resorts's Operating Income for the
three
months ended in Apr. 2026 was €434 Mil. Vail Resorts's Revenue for the
three
months ended in Apr. 2026 was €1,030 Mil. Therefore, Vail Resorts's Operating Margin % for the quarter that ended in Apr. 2026 was 42.10%.
Good Sign:
Vail Resorts Inc operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Vail Resorts's Operating Margin % or its related term are showing as below:
FRA:VAI'
s Operating Margin % Range Over the Past 10 Years
Min: 12.62 Med: 19.1 Max: 22.83
Current: 15.5
FRA:VAI's Operating Margin % is ranked better than 69.55% of 844
companies
in the Travel & Leisure industry
Industry Median: 8.135
vs FRA:VAI: 15.50
Vail Resorts's 5-Year Average Operating Margin % Growth Rate was 7.10% per year.
Vail Resorts's Operating Income for the
three
months ended in Apr. 2026 was €434 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Apr. 2026 was €373 Mil.
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Vail Resorts Operating Margin % Related Terms
Vail Resorts Operating Margin % Historical Data
* Premium members only.
The historical data trend for Vail Resorts's Operating 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, CZR, RRR: Operating Margin % Comparison
For the Resorts & Casinos subindustry, Vail Resorts's Operating Margin %, along with its competitors' market caps and Operating 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 Operating Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Vail Resorts's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Vail Resorts's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Vail Resorts's Operating Margin % for the fiscal year that ended in Jul. 2025 is calculated as
* 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.
Vail Resorts (FRA:VAI) has a Operating Margin % of 42.10% as of Apr. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Vail Resorts and its competitors. This is 120% above median its historical median of 19.10. Over the past decade, Vail Resorts' Operating Margin % has ranged from 12.62 to 22.83. According to the industry distribution chart, Vail Resorts ranks #257 out of 844 companies in the Travel & Leisure industry, placing it in the top 30.5%.
Is Vail Resorts' Operating Margin % too high?
Vail Resorts' current Operating Margin % of 42.10% is 120% above median its 10-year median of 19.10. Over the past 10 years, this metric has ranged from a low of 12.62 to a high of 22.83. The Travel & Leisure industry median Operating Margin % is 8.14. Vail Resorts' value of 42.10% is 417.5% above this industry median. Based on the distribution chart, Vail Resorts ranks #257 out of 844 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Vail Resorts has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vail Resorts' Operating Margin % compare to HGV and CZR?
According to the Travel & Leisure industry distribution chart, Vail Resorts ranks #257 out of 844 companies for Operating Margin %. This puts Vail Resorts in the upper half of its industry. The industry median Operating Margin % is 8.14. Vail Resorts' value of 42.10% is 417.5% above this benchmark. Historically, Vail Resorts' own Operating Margin % has ranged from 12.62 to 22.83 over the past decade. While the company's 10-year median is 19.10 vs. the industry median of 8.14, 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 Operating Margin % for a Travel & Leisure company?
The median Operating Margin % among Travel & Leisure companies is 8.14, based on 844 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vail Resorts's current Operating Margin % of 42.10% is 417.5% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Vail Resorts and its competitors. For the Travel & Leisure industry, the median Operating Margin % is 8.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vail Resorts's current Operating Margin % is 42.10%, which is 120% above median its own 10-year median of 19.10. 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 €155.35, compared to a current price of €124.00 — trading 20.2% below its estimated fair value. The current Operating Margin % is 42.10%, which is 120% above median its 10-year median of 19.10 and 417.5% above the Travel & Leisure industry median of 8.14. Vail Resorts' overall GF Score™ is 69/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Vail Resorts (FRA:VAI), the current Operating Margin % is 42.10% 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 €124.00 is trading 20.2% below its estimated GF Value™ of €155.35.
GuruFocus considers Vail Resorts to be Modestly Undervalued.
Key valuation signals for FRA:VAI:
Operating Margin %: 42.10% (120% above median its 10-year median of 19.10)
GF Value™: €155.35 vs. price of €124.00 (20.2% below fair value)
Industry Position: 417.5% above the Travel & Leisure median (#257 of 844)
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.
69GF Score
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