LYV vs MTN
Live Nation Entertainment, Inc. and Vail Resorts Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | LYV | MTN |
|---|---|---|
| Revenue | $25.2B | $3.0B |
| Net income | $496.0M | $280.0M |
| Gross margin | 25.5% | · |
| Net margin | 2.7% | 10.1% |
| Return on equity | 223.3% | 49.4% |
| Diluted EPS | −$0.24 | $7.53 |
| Dividend / share | · | $8.88 |
| Payout ratio | · | 117.2% |
| Free cash flow | $333.6M | $319.7M |
| Equity | $271.0M | $424.5M |
| Net debt / equity | 1.91× | 6.49× |
| Current ratio | 1.00× | 0.63× |
| Revenue CAGR 5y | 68.4% | 8.6% |
| Profit CAGR 5y | · | 23.2% |
LYV bills 8.5× the revenue of MTN, and MTN keeps more of each dollar of revenue as profit (10.1% against 2.7%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | LYV | MTN |
|---|---|---|
| FY2025 | $25.2B | $3.0B |
| FY2024 | $23.2B | $2.9B |
| FY2023 | $22.7B | $2.9B |
| FY2022 | $16.7B | $2.5B |
| FY2021 | $6.3B | $1.9B |
| FY2020 | $1.9B | $2.0B |
| FY2019 | $11.5B | $2.3B |
| FY2018 | $10.8B | $2.0B |
| FY2017 | $9.7B | $1.9B |
| FY2016 | $7.8B | $1.6B |
Bottom line
| Fiscal year | LYV | MTN |
|---|---|---|
| FY2025 | $496.0M | $280.0M |
| FY2024 | $896.3M | $231.1M |
| FY2023 | $556.9M | $265.8M |
| FY2022 | $266.4M | $347.9M |
| FY2021 | $-650.9M | $127.8M |
| FY2020 | $-1.7B | $98.8M |
| FY2019 | $69.9M | $301.2M |
| FY2018 | $60.2M | $379.9M |
| FY2017 | $-6.0M | $210.6M |
| FY2016 | $2.9M | $149.8M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$22,237,059,000 | LYV |
| FY2024 | +$20,270,434,000 | LYV |
| FY2023 | +$19,836,953,000 | LYV |
| FY2022 | +$14,155,342,000 | LYV |
| FY2021 | +$4,358,737,000 | LYV |
| FY2020 | −$102,526,000 | MTN |
| FY2019 | +$9,276,394,000 | LYV |
| FY2018 | +$8,776,247,000 | LYV |
| FY2017 | +$7,780,004,000 | LYV |
| FY2016 | +$6,225,050,000 | LYV |
| FY2015 | +$5,845,807,000 | LYV |
| FY2014 | +$5,612,318,000 | LYV |
| FY2013 | +$5,357,750,000 | LYV |
| FY2012 | +$4,794,653,000 | LYV |
| FY2011 | +$4,216,952,000 | LYV |
| FY2010 | +$4,168,945,000 | LYV |
| FY2009 | +$3,176,668,000 | LYV |
The higher-revenue side has changed between LYV and MTN over this period. The gap has widened since the earliest year compared.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −7.3 pp | MTN |
| FY2024 | −3.7 pp | MTN |
| FY2023 | −6.7 pp | MTN |
| FY2022 | −12.3 pp | MTN |
| FY2021 | −16.2 pp | MTN |
| FY2020 | −103.8 pp | MTN |
| FY2019 | −13.2 pp | MTN |
| FY2018 | −19.1 pp | MTN |
| FY2017 | −12.1 pp | MTN |
| FY2016 | −9.1 pp | MTN |
| FY2015 | −8.4 pp | MTN |
| FY2014 | −3.8 pp | MTN |
| FY2013 | −3.9 pp | MTN |
| FY2012 | −4.4 pp | MTN |
| FY2011 | −4.3 pp | MTN |
| FY2010 | −8.1 pp | MTN |
| FY2009 | −6.2 pp | MTN |
MTN has kept the higher net margin in every one of these 17 fiscal years.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LYV's net margin has been more volatile than MTN's over the 17 comparable fiscal years — 23.2 percentage points of standard deviation against 4.9.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
MTN led in net margin in every one of the 17 comparable fiscal years — a structural lead, not a recent swing.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LYV's return on equity has been more volatile than MTN's over the 12 comparable fiscal years — 63.4 percentage points of standard deviation against 12.9.
12 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between LYV and MTN over these 12 fiscal years — LYV led in 1 and MTN in 11.
12 of 17 comparable fiscal years — a year missing data on either side is not counted.