• Vail Resorts average pre-tax profit margin for 2023 was 13.98%, a 8.81% decline from 2022.
• Vail Resorts average pre-tax profit margin for 2022 was 15.33%, a 233.26% decline from 2021.
• Vail Resorts average pre-tax profit margin for 2021 was 4.6%, a 47.13% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.