MTN vs WMG
Vail Resorts, Inc. and Warner Music Group Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | MTN | WMG |
|---|---|---|
| Revenue | $3.0B | $6.7B |
| Net income | $280.0M | $365.0M |
| Gross margin | — | 45.8% |
| Net margin | 9.4% | 5.4% |
| Return on equity | 49.4% | 62.7% |
| Diluted EPS | $7.53 | — |
| Dividend / share | $8.88 | $0.73 |
| Payout ratio | 117.2% | 104.9% |
| Free cash flow | $319.7M | $539.0M |
| Equity | $424.5M | $647.0M |
| Net debt / equity | 6.49× | 5.46× |
| Current ratio | 0.63× | 0.66× |
| Revenue CAGR 5y | 8.6% | 8.5% |
| Profit CAGR 5y | 23.2% | — |
WMG bills 2.3× the revenue of MTN, and MTN keeps more of each dollar of revenue as profit (9.4% against 5.4%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
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Revenue by year
10 years side by side
| Fiscal year | MTN | WMG |
|---|---|---|
| FY2025 | $3.0B | $6.7B |
| FY2024 | $2.9B | $6.4B |
| FY2023 | $2.9B | $6.0B |
| FY2022 | $2.5B | $5.9B |
| FY2021 | $1.9B | $5.3B |
| FY2020 | $2.0B | $4.5B |
| FY2019 | $2.3B | $4.5B |
| FY2018 | $2.0B | $4.0B |
| FY2017 | $1.9B | $3.6B |
| FY2016 | $1.6B | $3.2B |
Net income by year
Bottom line
| Fiscal year | MTN | WMG |
|---|---|---|
| FY2025 | $280.0M | $365.0M |
| FY2024 | $231.1M | $435.0M |
| FY2023 | $265.8M | $430.0M |
| FY2022 | $347.9M | $551.0M |
| FY2021 | $127.8M | $304.0M |
| FY2020 | $98.8M | $-475.0M |
| FY2019 | $301.2M | $256.0M |
| FY2018 | $379.9M | $307.0M |
| FY2017 | $210.6M | $143.0M |
| FY2016 | $149.8M | $25.0M |
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