Filing Flows › Vail Resorts (MTN) › Q2 FY25
Vail Resorts (MTN) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Mar 10, 2025
Vail Resorts (MTN) reported revenue of $1.1B for the second quarter fiscal 2025 (Q2 FY25), +5% from a year earlier and +337% from the quarter before. Operating margin was 33.7%, net earnings $244M (21.5% of revenue).
Vail Resorts, Q2 FY25: revenue $1.1B (+6% year over year), operating margin 33.7%, net earnings $244M, operating cash flow $326M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +337% | +5% |
| Operating profit | $383M | — | +9% |
| Net earnings | $244M | — | +11% |
| Operating cash flow | $326M | +15% | +35% |
| Free cash flow | $251M | +19% | +52% |
What changed
Revenue was $1.1B in Q2 FY25, up 5% year over year and up 337% from the previous quarter.
Operating profit was $0.38B, a 33.7% margin (up 1.2 points year over year). Of the extra revenue versus a year earlier, 55% reached operating profit, above the 33% margin then. Total costs grew 4% against revenue growth of 5%. Net earnings were $0.24B, up 11% year over year. The effective tax rate was 25.1%.
Operating cash flow was $0.33B (up 35% year over year), 127% of net income including minority interests. Non-cash charges added back $0.07B of depreciation and amortization and $0.01B of share-based compensation. Capital expenditures of $0.08B left free cash flow of $0.25B.
Questions
What was Vail Resorts' revenue in the second quarter fiscal 2025?
Vail Resorts (MTN) reported revenue of $1.1B for the second quarter fiscal 2025 (Q2 FY25), +5% from a year earlier and +337% from the quarter before.
Was Vail Resorts profitable in the second quarter fiscal 2025?
Operating profit was $383M (33.7% of revenue) and net earnings $244M.
Source: Vail Resorts 10-Q on SEC EDGAR.