Amer Sports vs Vail Resorts
Amer Sports is the larger business, with $6.57bn of revenue in fiscal 2025 against $2.84bn for Vail Resorts (2.3 times as much). Amer Sports grew faster (26.7% against -4.3%). Amer Sports kept more of each dollar of sales as profit: a net margin of 6.5% against 5.2%. Amer Sports carries less debt relative to equity (16.1% against 1324.7%).
| Latest fiscal year | Amer SportsAS, 2025 | Vail ResortsMTN, 2026 |
|---|---|---|
| Revenue | $6.57bn | $2.84bn |
| Revenue growth | 26.7% | -4.3% |
| Net income | $427m | $148m |
| Operating margin | 10.7% | 14.8% |
| Net margin | 6.5% | 5.2% |
| Return on equity | 7.9% | 44.4% |
| Free cash flow | $513m | $248m |
| Cash | $652m | $231m |
| Total debt | $935m | $3.19bn |
| Debt to equity | 16.1% | 1324.7% |
| Dividend per share | — | $8.88 |
| Dividend yield | — | 5.7% |
| Share buybacks | — | $45.0m |
| Employees | — | — |
| Market value | $17.02bn | $5.47bn |
| Price vs our value range | Below our value range | — |
| Moat score | — | 66 (Moderate) |
| Insider trades, 12 months | 0 buys, 14 sales | 2 buys, 0 sales |