Vail Resorts vs Wyndham Hotels & Resorts
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The short version
- Vail Resorts is the larger business, with $2.8B of revenue in fiscal 2026 against $1.4B for Wyndham Hotels & Resorts, about 2.0 times as much.
- Wyndham Hotels & Resorts grew revenue faster (1.5%, against −4.3%).
- Wyndham Hotels & Resorts kept more of each dollar of sales as operating profit (28.1% operating margin, against 14.8%).
- Wyndham Hotels & Resorts turned more of its sales into free cash flow (22.5% FCF margin, against 8.7%).
- Wyndham Hotels & Resorts earned a higher return on the capital invested in it (9.9%, against 8.1%).
| Latest fiscal year | MTN · FY26 | WH · FY25 |
|---|---|---|
| Size | ||
| Market cap | $5.2B | $5.4B |
| Revenue | $2.8B | $1.4B |
| Free cash flow | $248M | $321M |
| Net income | $148M | $193M |
| Growth | ||
| Revenue growth | −4.3% | 1.5% |
| 5-year growth | 8.3% | 1.9% |
| Share count change | −3.8% | −3.6% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 14.8% | 28.1% |
| Net margin | 5.2% | 13.5% |
| FCF margin | 8.7% | 22.5% |
| Return on capital | 8.1% | 9.9% |
| Return on equity | 44.4% | 34.5% |
| Balance sheet | ||
| Net debt | $3.4B | $2.5B |
| Net debt / EBITDA | 4.6x | 5.4x |
| Dividends and buybacks | $362M | $393M |
| Valuation & quality | ||
| P/E | — | 26.5x |
| Piotroski F-score | 5 | 4 |
Revenue
FY17
MTN $1.9B
WH $1.3B
FY18
MTN $2.0B
WH $1.9B
FY19
MTN $2.3B
WH $2.1B
FY20
MTN $2.0B
WH $1.3B
FY21
MTN $1.9B
WH $1.6B
FY22
MTN $2.5B
WH $1.5B
FY23
MTN $2.9B
WH $1.4B
FY24
MTN $2.9B
WH $1.4B
FY25
MTN $3.0B
WH $1.4B
FY26
MTN $2.8B
WH —
MTN
WH
Operating margin
FY17
MTN 19.9%
WH 19.5%
FY18
MTN 20.3%
WH 15.2%
FY19
MTN 21.0%
WH 15.0%
FY20
MTN 11.4%
WH −3.5%
FY21
MTN 13.7%
WH 28.5%
FY22
MTN 23.8%
WH 37.3%
FY23
MTN 17.5%
WH 36.0%
FY24
MTN 16.9%
WH 35.2%
FY25
MTN 18.9%
WH 28.1%
FY26
MTN 14.8%
WH —
MTN
WH
Free cash flow
FY17
MTN $327M
WH $232M
FY18
MTN $408M
WH $158M
FY19
MTN $442M
WH $50.0M
FY20
MTN $223M
WH $34.0M
FY21
MTN $410M
WH $389M
FY22
MTN $518M
WH $360M
FY23
MTN $323M
WH $339M
FY24
MTN $378M
WH $241M
FY25
MTN $320M
WH $321M
FY26
MTN $248M
WH —
MTN
WH
Return on capital
FY17
MTN 11.3%
WH —
FY18
MTN 13.9%
WH 9.4%
FY19
MTN 12.7%
WH 7.2%
FY20
MTN 5.9%
WH −1.2%
FY21
MTN 6.6%
WH 10.7%
FY22
MTN 12.5%
WH 14.2%
FY23
MTN 9.8%
WH 12.7%
FY24
MTN 9.0%
WH 13.2%
FY25
MTN 10.6%
WH 9.9%
FY26
MTN 8.1%
WH —
MTN
WH
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.