• Vail Resorts average operating margin for 2024 was 17.42%, a 6.84% increase from 2023.
• Vail Resorts average operating margin for 2023 was 18.7%, a 12.58% decline from 2022.
• Vail Resorts average operating margin for 2022 was 21.39%, a 80.05% decline from 2021.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.