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Side-by-side financial comparison of VAIL RESORTS INC (MTN) and WORKIVA INC (WK). Click either name above to swap in a different company.
VAIL RESORTS INC is the larger business by last-quarter revenue ($271.0M vs $247.3M, roughly 1.1× WORKIVA INC). WORKIVA INC runs the higher net margin — 7.7% vs -68.9%, a 76.6% gap on every dollar of revenue. On growth, WORKIVA INC posted the faster year-over-year revenue change (19.9% vs 4.1%). VAIL RESORTS INC produced more free cash flow last quarter ($244.3M vs $25.7M). Over the past eight quarters, WORKIVA INC's revenue compounded faster (18.0% 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.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
MTN vs WK — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $271.0M | $247.3M |
| Net Profit | $-186.8M | $19.0M |
| Gross Margin | — | 80.4% |
| Operating Margin | -77.4% | 25.8% |
| Net Margin | -68.9% | 7.7% |
| Revenue YoY | 4.1% | 19.9% |
| Net Profit YoY | -8.1% | — |
| EPS (diluted) | $-5.20 | $0.33 |
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.
| Q1 26 | — | $247.3M | ||
| Q4 25 | $271.0M | $238.9M | ||
| Q3 25 | $271.3M | $224.2M | ||
| Q2 25 | $1.3B | $215.2M | ||
| Q1 25 | $1.1B | $206.3M | ||
| Q4 24 | $260.3M | $199.9M | ||
| Q3 24 | $265.4M | $185.6M | ||
| Q2 24 | $1.3B | $177.5M |
| Q1 26 | — | $19.0M | ||
| Q4 25 | $-186.8M | $11.8M | ||
| Q3 25 | $-185.5M | $2.8M | ||
| Q2 25 | $392.8M | $-19.4M | ||
| Q1 25 | $245.5M | $-21.4M | ||
| Q4 24 | $-172.8M | $-8.8M | ||
| Q3 24 | $-175.4M | $-17.0M | ||
| Q2 24 | $362.0M | $-17.5M |
| Q1 26 | — | 80.4% | ||
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 76.6% | ||
| Q4 24 | — | 77.1% | ||
| Q3 24 | — | 76.5% | ||
| Q2 24 | — | 76.8% |
| Q1 26 | — | 25.8% | ||
| Q4 25 | -77.4% | 3.3% | ||
| Q3 25 | -75.1% | -1.5% | ||
| Q2 25 | 44.9% | -10.3% | ||
| Q1 25 | 33.8% | -12.0% | ||
| Q4 24 | -77.6% | -6.7% | ||
| Q3 24 | -74.9% | -11.7% | ||
| Q2 24 | 42.6% | -13.0% |
| Q1 26 | — | 7.7% | ||
| Q4 25 | -68.9% | 4.9% | ||
| Q3 25 | -68.4% | 1.2% | ||
| Q2 25 | 30.3% | -9.0% | ||
| Q1 25 | 21.6% | -10.4% | ||
| Q4 24 | -66.4% | -4.4% | ||
| Q3 24 | -66.1% | -9.2% | ||
| Q2 24 | 28.2% | -9.9% |
| Q1 26 | — | $0.33 | ||
| Q4 25 | $-5.20 | $0.21 | ||
| Q3 25 | $-4.96 | $0.05 | ||
| Q2 25 | $10.54 | $-0.35 | ||
| Q1 25 | $6.56 | $-0.38 | ||
| Q4 24 | $-4.61 | $-0.15 | ||
| Q3 24 | $-4.63 | $-0.31 | ||
| Q2 24 | $9.54 | $-0.32 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $581.5M | $334.3M |
| Total DebtLower is stronger | $2.6B | — |
| Stockholders' EquityBook value | $156.5M | — |
| Total Assets | $5.8B | $1.4B |
| Debt / EquityLower = less leverage | 16.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $334.3M | ||
| Q4 25 | $581.5M | $338.8M | ||
| Q3 25 | $440.3M | $315.9M | ||
| Q2 25 | $467.0M | $284.3M | ||
| Q1 25 | $488.2M | $242.0M | ||
| Q4 24 | $403.8M | $301.8M | ||
| Q3 24 | $322.8M | $248.2M | ||
| Q2 24 | $705.4M | $267.9M |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.7B | — |
| Q1 26 | — | — | ||
| Q4 25 | $156.5M | $-5.4M | ||
| Q3 25 | $424.5M | $-36.9M | ||
| Q2 25 | $895.4M | $-66.5M | ||
| Q1 25 | $530.7M | $-75.7M | ||
| Q4 24 | $444.1M | $-41.7M | ||
| Q3 24 | $723.5M | $-50.8M | ||
| Q2 24 | $1.0B | $-77.7M |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $5.8B | $1.5B | ||
| Q3 25 | $5.8B | $1.4B | ||
| Q2 25 | $5.8B | $1.3B | ||
| Q1 25 | $5.5B | $1.3B | ||
| Q4 24 | $5.6B | $1.4B | ||
| Q3 24 | $5.7B | $1.3B | ||
| Q2 24 | $5.8B | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | 16.51× | — | ||
| Q3 25 | 6.11× | — | ||
| Q2 25 | 2.35× | — | ||
| Q1 25 | 3.99× | — | ||
| Q4 24 | 6.10× | — | ||
| Q3 24 | 3.76× | — | ||
| Q2 24 | 2.69× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $315.9M | — |
| Free Cash FlowOCF − Capex | $244.3M | $25.7M |
| FCF MarginFCF / Revenue | 90.1% | 10.4% |
| Capex IntensityCapex / Revenue | 26.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $352.5M | $171.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $315.9M | $51.0M | ||
| Q3 25 | $-171.6M | $46.2M | ||
| Q2 25 | $117.7M | $50.3M | ||
| Q1 25 | $326.3M | $-7.4M | ||
| Q4 24 | $282.4M | $44.0M | ||
| Q3 24 | $-94.2M | $18.9M | ||
| Q2 24 | $109.9M | $-14.0K |
| Q1 26 | — | $25.7M | ||
| Q4 25 | $244.3M | $50.7M | ||
| Q3 25 | $-227.5M | $46.1M | ||
| Q2 25 | $84.5M | $49.3M | ||
| Q1 25 | $251.2M | $-8.1M | ||
| Q4 24 | $211.4M | $43.2M | ||
| Q3 24 | $-150.3M | $18.7M | ||
| Q2 24 | $85.0M | $-122.0K |
| Q1 26 | — | 10.4% | ||
| Q4 25 | 90.1% | 21.2% | ||
| Q3 25 | -83.9% | 20.5% | ||
| Q2 25 | 6.5% | 22.9% | ||
| Q1 25 | 22.1% | -3.9% | ||
| Q4 24 | 81.2% | 21.6% | ||
| Q3 24 | -56.6% | 10.1% | ||
| Q2 24 | 6.6% | -0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 26.4% | 0.1% | ||
| Q3 25 | 20.6% | 0.0% | ||
| Q2 25 | 2.6% | 0.5% | ||
| Q1 25 | 6.6% | 0.4% | ||
| Q4 24 | 27.3% | 0.4% | ||
| Q3 24 | 21.1% | 0.1% | ||
| Q2 24 | 1.9% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.31× | ||
| Q3 25 | — | 16.57× | ||
| Q2 25 | 0.30× | — | ||
| Q1 25 | 1.33× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.30× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MTN
| Dining | $84.6M | 31% |
| Lodgingrevenueexcludingpayrollcostreimbursements | $67.2M | 25% |
| Other Mountain Revenue | $55.1M | 20% |
| Managedcondominiumrooms | $26.1M | 10% |
| Owned Hotel Revenue | $12.7M | 5% |
| Other Lodging Revenue | $10.2M | 4% |
| Other | $5.9M | 2% |
| Transportation | $4.8M | 2% |
| Payrollcostreimbursements | $4.4M | 2% |
WK
| Subscription and support | $225.4M | 91% |
| Other | $22.0M | 9% |
