Vail Resorts, Inc., together with its subsidiaries, operates mountain resorts and regional ski areas in the United States and internationally. It operates in three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates destination mountain resorts and regional ski areas. This segment is also involved in ancillary activities, including ski school, dining, and retail/rental operations, as well as real …
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Competitive advantage assessment
Key strengths
Margins Stable Across CyclesOperating margin volatility is low (stability score 0.82), demonstrating pricing resilience across cycles.
ROIC Sustainably Above PeersROIC at 68.8th percentile exceeds peers and WACC, demonstrating superior capital allocation.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Vail Resorts, Inc. ranks #5 of 18
scored companies in Resorts & Casinos by moat score — the top 28%.
The widest moat in the group is Monarch Casino & Resort, Inc. (MCRI)
at 83/100.
Moat scores for companies ranked near MTN in Resorts & Casinos
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 73
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 74
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 72
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 61
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 46
· 15% of the moat score
Scale matters only when it converts into economics.
Vail Resorts, Inc. (MTN) scores 65 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #5 of 18 scored companies in Resorts & Casinos, the top 28%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 17 companies in Resorts & Casinos. Its strongest defense is Customer Stickiness (74/100) and its weakest is Scale & Market Position (46/100).
How does Vail Resorts, Inc. compare with other Resorts & Casinos companies?
Vail Resorts, Inc. ranks #5 of 18 scored companies in Resorts & Casinos by moat score. The widest moat in Resorts & Casinos is Monarch Casino & Resort, Inc. (MCRI) at 83/100. The companies ranked closest are Boyd Gaming Corporation (BYD) at 65 just above it and Playa Hotels & Resorts N.V. (PLYA) at 58 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 17 companies in Resorts & Casinos. The defenses are then weighted to produce the overall score out of 100.
Why is Vail Resorts, Inc. scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Vail Resorts, Inc.?
The Corporate Default template measures 6 defenses, and MTN scores: Pricing Power (65), Cost Advantage (73), Customer Stickiness (74), Capital Efficiency (72), Resilience (61), Scale & Market Position (46). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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