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Vail Resorts vs StubHub: revenue, profit, margins and growth compared

Vail Resorts brought in $3B of revenue in fiscal 2025, StubHub $1.7B in fiscal 2025. Revenue changed by +2.7% at Vail Resorts and -1.4% at StubHub on the year before, so Vail Resorts grew faster. Vail Resorts kept 9.4% of its revenue as net profit, StubHub -109.2%. Free cash flow was $319.7M at Vail Resorts and $191.2M at StubHub.

Side by side, latest fiscal year

MTNSTUB
Fiscal year endedFY2025 (July 31, 2025)FY2025 (December 31, 2025)
Revenue$3B$1.7B
Revenue growth+2.7%-1.4%
Net income$280M-$1.9B
Net margin9.4%-109.2%
Free cash flow$319.7M$191.2M
Free cash flow margin10.8%11.0%
Earnings per share (diluted)$7.53-$6.27
Cash$440.3M$1.2B
Debt$3.2B$1.5B
Price to earnings18.1n/a
Market value$4.9B$2.1B
Dividend yield6.52%n/a
Rank by revenue in sector#286 of 778 · Consumer discretionary#375 of 778 · Consumer discretionary

Over the years

Revenue
MTN FY2018: $2BMTN FY2019: $2.3BMTN FY2020: $2BMTN FY2021: $1.9BMTN FY2022: $2.5BMTN FY2023: $2.9BMTN FY2024: $2.9BMTN FY2025: $3BSTUB FY2023: $1.4BSTUB FY2025: $1.8BSTUB FY2025: $1.7BFY18FY19FY20FY21FY22FY23FY24FY25
MTN $3BSTUB $1.7B
Net income
MTN FY2018: $379.9MMTN FY2019: $301.2MMTN FY2020: $98.8MMTN FY2021: $127.9MMTN FY2022: $347.9MMTN FY2023: $265.8MMTN FY2024: $231.1MMTN FY2025: $280MSTUB FY2023: $405.2MSTUB FY2025: -$2.8MSTUB FY2025: -$1.9BFY18FY19FY20FY21FY22FY23FY24FY25
MTN $280MSTUB -$1.9B
Net margin
MTN FY2018: 18.9%MTN FY2019: 13.3%MTN FY2020: 5.0%MTN FY2021: 6.7%MTN FY2022: 13.8%MTN FY2023: 9.2%MTN FY2024: 8.0%MTN FY2025: 9.4%STUB FY2023: 29.6%STUB FY2025: -0.2%STUB FY2025: -109.2%FY18FY19FY20FY21FY22FY23FY24FY25
MTN 9.4%STUB -109.2%
Revenue growth
MTN FY2019: +12.9%MTN FY2020: -13.6%MTN FY2021: -2.7%MTN FY2022: +32.3%MTN FY2023: +14.4%MTN FY2024: -0.1%MTN FY2025: +2.7%STUB FY2025: +29.5%STUB FY2025: -1.4%FY19FY20FY21FY22FY23FY24FY25
MTN +2.7%STUB -1.4%
Free cash flow
MTN FY2018: $407.9MMTN FY2019: $442.2MMTN FY2020: $222.6MMTN FY2021: $410.2MMTN FY2022: $517.7MMTN FY2023: $322.9MMTN FY2024: $377.8MMTN FY2025: $319.7MSTUB FY2023: $305.7MSTUB FY2025: $259.8MSTUB FY2025: $191.2MFY18FY19FY20FY21FY22FY23FY24FY25
MTN $319.7MSTUB $191.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about Vail Resorts and StubHub

Which is bigger by revenue, Vail Resorts or StubHub?

Vail Resorts is bigger by revenue: $3B in fiscal 2025, against $1.7B for StubHub in fiscal 2025.

Which keeps more of its revenue as profit, Vail Resorts or StubHub?

Vail Resorts had a net margin of 9.4% in fiscal 2025; StubHub had -109.2% in fiscal 2025.

Which grew revenue faster, Vail Resorts or StubHub?

In their latest fiscal years revenue changed by +2.7% at Vail Resorts and -1.4% at StubHub.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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