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Side-by-side financial comparison of VAIL RESORTS INC (MTN) and POWER SOLUTIONS INTERNATIONAL, INC. (PSIX). Click either name above to swap in a different company.

VAIL RESORTS INC is the larger business by last-quarter revenue ($271.0M vs $191.2M, roughly 1.4× POWER SOLUTIONS INTERNATIONAL, INC.). POWER SOLUTIONS INTERNATIONAL, INC. runs the higher net margin — 8.4% vs -68.9%, a 77.3% gap on every dollar of revenue. On growth, POWER SOLUTIONS INTERNATIONAL, INC. posted the faster year-over-year revenue change (32.5% vs 4.1%). VAIL RESORTS INC produced more free cash flow last quarter ($244.3M vs $-7.6M). Over the past eight quarters, POWER SOLUTIONS INTERNATIONAL, INC.'s revenue compounded faster (41.7% CAGR vs -49.9%).

Vail Resorts, Inc. is an American mountain resort company headquartered in Broomfield, Colorado. The company is divided among divisions that own and operate 42 mountain resorts in four countries, along with hotels, lodging, condominiums, and golf courses that comprise property real estate holdings.

Adani Energy Solutions Ltd, formerly known as Adani Transmission Ltd, is an electric power transmission and distribution company headquartered in Ahmedabad. As of April 2025, the company operates a cumulative transmission network of 26,696 circuit kilometers and is one of the largest private sector power transmission companies operating in India.

MTN vs PSIX — Head-to-Head

Bigger by revenue
MTN
MTN
1.4× larger
MTN
$271.0M
$191.2M
PSIX
Growing faster (revenue YoY)
PSIX
PSIX
+28.4% gap
PSIX
32.5%
4.1%
MTN
Higher net margin
PSIX
PSIX
77.3% more per $
PSIX
8.4%
-68.9%
MTN
More free cash flow
MTN
MTN
$251.9M more FCF
MTN
$244.3M
$-7.6M
PSIX
Faster 2-yr revenue CAGR
PSIX
PSIX
Annualised
PSIX
41.7%
-49.9%
MTN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MTN
MTN
PSIX
PSIX
Revenue
$271.0M
$191.2M
Net Profit
$-186.8M
$16.1M
Gross Margin
21.9%
Operating Margin
-77.4%
12.7%
Net Margin
-68.9%
8.4%
Revenue YoY
4.1%
32.5%
Net Profit YoY
-8.1%
-31.0%
EPS (diluted)
$-5.20
$0.69

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MTN
MTN
PSIX
PSIX
Q4 25
$271.0M
$191.2M
Q3 25
$271.3M
$203.8M
Q2 25
$1.3B
$191.9M
Q1 25
$1.1B
$135.4M
Q4 24
$260.3M
$144.3M
Q3 24
$265.4M
$125.8M
Q2 24
$1.3B
$110.6M
Q1 24
$1.1B
$95.2M
Net Profit
MTN
MTN
PSIX
PSIX
Q4 25
$-186.8M
$16.1M
Q3 25
$-185.5M
$27.6M
Q2 25
$392.8M
$51.2M
Q1 25
$245.5M
$19.1M
Q4 24
$-172.8M
$23.3M
Q3 24
$-175.4M
$17.3M
Q2 24
$362.0M
$21.5M
Q1 24
$219.3M
$7.1M
Gross Margin
MTN
MTN
PSIX
PSIX
Q4 25
21.9%
Q3 25
23.9%
Q2 25
28.2%
Q1 25
29.7%
Q4 24
29.9%
Q3 24
28.9%
Q2 24
31.8%
Q1 24
27.0%
Operating Margin
MTN
MTN
PSIX
PSIX
Q4 25
-77.4%
12.7%
Q3 25
-75.1%
13.9%
Q2 25
44.9%
16.9%
Q1 25
33.8%
18.2%
Q4 24
-77.6%
17.5%
Q3 24
-74.9%
16.3%
Q2 24
42.6%
22.9%
Q1 24
32.5%
11.2%
Net Margin
MTN
MTN
PSIX
PSIX
Q4 25
-68.9%
8.4%
Q3 25
-68.4%
13.5%
Q2 25
30.3%
26.7%
Q1 25
21.6%
14.1%
Q4 24
-66.4%
16.1%
Q3 24
-66.1%
13.8%
Q2 24
28.2%
19.5%
Q1 24
20.3%
7.5%
EPS (diluted)
MTN
MTN
PSIX
PSIX
Q4 25
$-5.20
$0.69
Q3 25
$-4.96
$1.20
Q2 25
$10.54
$2.22
Q1 25
$6.56
$0.83
Q4 24
$-4.61
$1.01
Q3 24
$-4.63
$0.75
Q2 24
$9.54
$0.94
Q1 24
$5.76
$0.31

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MTN
MTN
PSIX
PSIX
Cash + ST InvestmentsLiquidity on hand
$581.5M
$41.3M
Total DebtLower is stronger
$2.6B
$96.6M
Stockholders' EquityBook value
$156.5M
$178.6M
Total Assets
$5.8B
$424.7M
Debt / EquityLower = less leverage
16.51×
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MTN
MTN
PSIX
PSIX
Q4 25
$581.5M
$41.3M
Q3 25
$440.3M
$49.0M
Q2 25
$467.0M
$49.5M
Q1 25
$488.2M
$50.0M
Q4 24
$403.8M
$55.3M
Q3 24
$322.8M
$40.5M
Q2 24
$705.4M
$28.8M
Q1 24
$812.2M
$33.1M
Total Debt
MTN
MTN
PSIX
PSIX
Q4 25
$2.6B
$96.6M
Q3 25
$2.6B
$96.7M
Q2 25
$2.1B
$1.8M
Q1 25
$2.1B
$1.0M
Q4 24
$2.7B
$184.0K
Q3 24
$2.7B
$238.0K
Q2 24
$2.7B
$292.0K
Q1 24
$2.7B
$345.0K
Stockholders' Equity
MTN
MTN
PSIX
PSIX
Q4 25
$156.5M
$178.6M
Q3 25
$424.5M
$162.5M
Q2 25
$895.4M
$135.7M
Q1 25
$530.7M
$84.3M
Q4 24
$444.1M
$65.3M
Q3 24
$723.5M
$42.1M
Q2 24
$1.0B
$24.8M
Q1 24
$829.9M
$3.2M
Total Assets
MTN
MTN
PSIX
PSIX
Q4 25
$5.8B
$424.7M
Q3 25
$5.8B
$458.9M
Q2 25
$5.8B
$437.7M
Q1 25
$5.5B
$372.7M
Q4 24
$5.6B
$328.2M
Q3 24
$5.7B
$339.1M
Q2 24
$5.8B
$307.6M
Q1 24
$5.8B
$286.8M
Debt / Equity
MTN
MTN
PSIX
PSIX
Q4 25
16.51×
0.54×
Q3 25
6.11×
0.60×
Q2 25
2.35×
0.01×
Q1 25
3.99×
0.01×
Q4 24
6.10×
0.00×
Q3 24
3.76×
0.01×
Q2 24
2.69×
0.01×
Q1 24
3.28×
0.11×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MTN
MTN
PSIX
PSIX
Operating Cash FlowLast quarter
$315.9M
$-4.6M
Free Cash FlowOCF − Capex
$244.3M
$-7.6M
FCF MarginFCF / Revenue
90.1%
-4.0%
Capex IntensityCapex / Revenue
26.4%
1.6%
Cash ConversionOCF / Net Profit
-0.29×
TTM Free Cash FlowTrailing 4 quarters
$352.5M
$14.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MTN
MTN
PSIX
PSIX
Q4 25
$315.9M
$-4.6M
Q3 25
$-171.6M
$3.3M
Q2 25
$117.7M
$16.7M
Q1 25
$326.3M
$8.8M
Q4 24
$282.4M
$32.7M
Q3 24
$-94.2M
$12.6M
Q2 24
$109.9M
$1.5M
Q1 24
$242.7M
$15.6M
Free Cash Flow
MTN
MTN
PSIX
PSIX
Q4 25
$244.3M
$-7.6M
Q3 25
$-227.5M
$1.7M
Q2 25
$84.5M
$14.6M
Q1 25
$251.2M
$5.4M
Q4 24
$211.4M
$30.0M
Q3 24
$-150.3M
$12.1M
Q2 24
$85.0M
$822.0K
Q1 24
$165.8M
$14.8M
FCF Margin
MTN
MTN
PSIX
PSIX
Q4 25
90.1%
-4.0%
Q3 25
-83.9%
0.8%
Q2 25
6.5%
7.6%
Q1 25
22.1%
4.0%
Q4 24
81.2%
20.8%
Q3 24
-56.6%
9.7%
Q2 24
6.6%
0.7%
Q1 24
15.4%
15.6%
Capex Intensity
MTN
MTN
PSIX
PSIX
Q4 25
26.4%
1.6%
Q3 25
20.6%
0.8%
Q2 25
2.6%
1.1%
Q1 25
6.6%
2.5%
Q4 24
27.3%
1.8%
Q3 24
21.1%
0.3%
Q2 24
1.9%
0.6%
Q1 24
7.1%
0.9%
Cash Conversion
MTN
MTN
PSIX
PSIX
Q4 25
-0.29×
Q3 25
0.12×
Q2 25
0.30×
0.33×
Q1 25
1.33×
0.46×
Q4 24
1.40×
Q3 24
0.73×
Q2 24
0.30×
0.07×
Q1 24
1.11×
2.20×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MTN
MTN

Dining$84.6M31%
Lodgingrevenueexcludingpayrollcostreimbursements$67.2M25%
Other Mountain Revenue$55.1M20%
Managedcondominiumrooms$26.1M10%
Owned Hotel Revenue$12.7M5%
Other Lodging Revenue$10.2M4%
Other$5.9M2%
Transportation$4.8M2%
Payrollcostreimbursements$4.4M2%

PSIX
PSIX

Energy End Market$153.4M80%
Industrial End Market$33.3M17%
Transportation End Market$4.6M2%

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