Vail Resorts vs United Parks & Resorts
Vail Resorts is the larger business, with $2.84bn of revenue in fiscal 2026 against $1.66bn for United Parks & Resorts (1.7 times as much). United Parks & Resorts grew faster (-3.6% against -4.3%). United Parks & Resorts kept more of each dollar of sales as profit: a net margin of 10.1% against 5.2%.
| Latest fiscal year | Vail ResortsMTN, 2026 | United Parks & ResortsPRKS, 2025 |
|---|---|---|
| Revenue | $2.84bn | $1.66bn |
| Revenue growth | -4.3% | -3.6% |
| Net income | $148m | $168m |
| Operating margin | 14.8% | 22.0% |
| Net margin | 5.2% | 10.1% |
| Return on equity | 44.4% | — |
| Free cash flow | $248m | $163m |
| Cash | $231m | $99.8m |
| Total debt | $3.19bn | $2.25bn |
| Debt to equity | 1324.7% | — |
| Dividend per share | $8.88 | — |
| Dividend yield | 5.7% | — |
| Share buybacks | $45.0m | $160m |
| Employees | — | 3,300 |
| Market value | $5.47bn | $1.53bn |
| Price vs our value range | — | Within our value range |
| Moat score | 66 (Moderate) | 51 (Moderate) |
| Insider trades, 12 months | 2 buys, 0 sales | 0 buys, 4 sales |