What does free cash flow margin mean?

Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

Vail Resorts MTN Free cash flow margin

Discontinued — last reported Q4 '14

Free cash flow margin at other companies

Marriott InternationalMAR

10.6%+3.3pp

AramarkARMK

1.2%—

Travel + LeisureTNL

10.9%-0.7pp

Marriott Vacations WorldwideVAC

1.4%-1.9pp

Wynn ResortsWYNN

9.5%-1.5pp

Red Rock Resorts, Inc.RRR

12.6%-2.5pp

Other financials

Income statement

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Revenue$1.2B-7.0%

Operating income$494.1M-14.5%

Net income$314.4M-19.3%

EPS (diluted)$8.81-15.8%

Balance sheet

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Cash & equivalents$387.3M-19.4%

Total debt$3.3B+10.9%

Total equity$551.7M-37.1%

Total assets$5.7B-1.1%

Cash flow

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Operating cash flow$6.8M-94.1%

CapEx$35.1M+5.5%

Free cash flow$185.0M-26.4%

Valuation

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Market cap$5.16B-13.3%

Profitability

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Operating margin21.5%+6.8pp

Net margin12.8%+6.4pp

Returns & leverage

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Return on equity17.5%+10.3pp

Debt / equity5.9×+2.6×

Current ratio0.9×+0.3×

Where this comes from

Calculated from Vail Resorts’s reported figures.

free cash flow/total revenue=10.2%

Based on trailing twelve months.

The official record: Vail Resorts’s 10-K, filed September 28, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does free cash flow margin mean?: Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.