Pursuit Attractions and Hospitality, Inc. PRSU

Consumer DiscretionaryHotels & Entertainment ServicesUnited States of America

Last close 56.23 USD on Nov 2, 2026, +67.0% year to date

Quant rating

Quant rating C Rank 182 of 344 in Consumer Discretionary

Growth C 219 of 344
Valuation D 296 of 344
Quality D 291 of 344
Revisions B 129 of 344
Momentum A 36 of 344

Wall Street consensus Buy (1.57)Average target 62.29 USD +10.8%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 1.5B
Enterprise value: 1.8B
52-week range: 32.05 – 57.71
3-year range: 25.43 – 57.71
Dividend yield: –
Beta (5 years): 1.46
Shares outstanding: 27.3M
Next earnings: Nov 4, 2026

About the company

Pursuit Attractions and Hospitality, Inc. is an attractions and hospitality company that owns and operates a collection of experiences in destinations in the United States, Canada, Iceland, and Costa Rica. Its elevated hospitality experience includes 17 point-of-interest attractions and 29 distinctive lodges, along with integrated restaurants, retail and transportation that enable visitors to discover and connect with national parks and renowned global travel locations. Its collections include Banff Jasper Collection, Alaska Collection, Glacier Park Collection, Flyover Attractions, Sky Lagoon and Tabacon. Its Banff Jasper Collection includes Golden Skybridge, Banff Gondola, Lake Minnewanka Cruise, and Columbia Icefield Adventure and Ice Odyssey Experience. Its Flyover Attractions include Flyover Canada, Flyover Iceland, Flyover Las Vegas, and Flyover Chicago. It draws its guests from markets, including the United States, Canada, Asia Pacific, Western Europe, and Central America.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	452	366	350	299	507	–
Revenue growth	23.4%	4.6%	17.0%	−41.0%	22.1%	1.7%
EPS (basic, normalized)	0.80	−0.15	0.39	0.16	−4.38	–
EPS growth	–	–	143.8%	–	–	–
Gross margin	92.3%	11.1%	15.3%	8.1%	−9.3%	23.5%
Net margin	5.5%	−41.1%	−0.8%	−6.3%	−20.2%	−12.6%
ROE	4.5%	−16.3%	4.3%	−4.7%	−51.3%	−12.7%

Balance sheet, last quarter
Cash & short-term investments (mil)	33.9
Current ratio	1.61x
Long-term debt (mil)	234
Net debt (mil)	274
Total equity (mil)	536
Net debt / equity	0.51x
Net debt / EBITDA	2.34x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	452	+23.4%	4.0x	117	−28.3%	15.4x	0.80	+633.3%	70.3x
2026	487	+7.6%	3.7x	134	+14.1%	13.5x	1.81	+126.0%	31.1x
2027	500	+2.7%	3.6x	142	+6.1%	12.7x	1.86	+3.1%	30.2x
2028	540	+7.9%	3.3x	158	+11.3%	11.4x	2.14	+14.6%	26.3x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	487	0.0%	+4.0%	+4.7%	1.81	+0.1%	+7.0%	+24.1%
2027	500	0.0%	+1.6%	+2.5%	1.86	+0.3%	−4.9%	+7.5%
2028	540	+0.5%	+4.6%	–	2.14	+0.6%	−3.8%	–

Earnings surprises EPS beat in 3 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	273	379	456	258	37.6	117	241	57.1	51.6	133
Sales mean (mil)	270	359	436	42.1	39.0	109	225	58.3	47.4	122
Surprise	+1.5%	+5.4%	+4.6%	+512.3%	−3.5%	+6.9%	+7.1%	−2.1%	+8.9%	+9.3%
EPS reported	−1.13	0.97	2.01	−0.82	−0.96	0.33	2.65	−0.91	−0.94	0.54
EPS mean	−1.07	0.82	1.94	−1.27	−0.85	0.25	2.52	−0.81	−0.95	0.53
Surprise	−5.6%	+17.9%	+3.9%	+35.4%	−12.3%	+30.7%	+5.0%	−12.0%	+0.7%	+1.9%

Peer comparison Hotels & Entertainment Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
PRSU Pursuit Attractions and Hospitality, Inc.	1.5B	2.34x	5.5%	2.86x	31.1x	30.2x	13.5x	12.7x
FLUT Flutter Entertainment PLC	15.2B	3.17x	−1.9%	1.74x	18.6x	12.7x	9.4x	7.7x
DKNG DraftKings Inc.	10.8B	0.74x	0.1%	34.05x	−662.3x	24.7x	17.2x	10.1x
LTH Life Time Group Holdings, Inc.	9.8B	1.47x	12.5%	2.85x	25.6x	22.5x	11.6x	10.2x
MGM MGM Resorts International	7.7B	0.93x	1.2%	3.07x	17.6x	18.6x	3.1x	3.1x
CZR Caesars Entertainment Inc	5.9B	6.64x	−4.4%	1.80x	−22.3x	301.7x	8.3x	8.0x
Mean		2.55x	2.2%	7.73x	−98.6x	68.4x	10.5x	8.6x
Median		1.90x	0.6%	2.85x	18.1x	23.6x	10.5x	9.0x

Technical analysis

1M+7.4%
3M+11.3%
1Y+58.5%
3Y+121.1%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Pursuit Attractions and Hospitality, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	452	366	350	299	507	415
Cost of revenue	34.6	326	297	275	554	532
Gross profit	418	40.6	53.4	24.1	−46.9	−116
Selling, general & administrative expenses	79.0	20.2	18.7	18.2	11.7	8.7
Research & development	–	–	–	–	–	–
Depreciation/amortization	46.1	–	–	–	–	–
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	1.1	50.7	0.2	0.1	6.1	217
Other operating expenses	228	0.9	1.3	1.3	2.0	1.1
Operating income	63.8	−31.3	33.2	4.6	−66.7	−343
Net interest income (expense)	−8.8	−14.2	−6.0	−4.1	−28.3	−17.9
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0	0	0	−0.1	−0.5
Net income before taxes	55.0	−45.4	27.3	0.5	−95.1	−361
Provision for taxes	16.5	6.3	12.9	5.7	−1.8	14.2
Minority interest	−13.6	−5.3	−7.4	−1.6	0.1	2.9
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	24.9	−57.1	6.9	−6.8	−93.2	−372
Extraordinary items	−2.2	426	9.1	30.0	0.6	−1.8
Net income	22.7	369	16.0	23.2	−92.7	−374
EBIT, normalized	64.9	19.5	33.4	4.7	−60.6	−126
EBITDA, normalized	109	62.4	71.4	38.8	−6.9	−69.4
Basic EPS, normalized	0.80	−0.15	0.39	0.16	−4.38	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Pursuit Attractions and Hospitality, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	31.1	49.7	52.7	59.7	61.6	39.5
Receivables	9.9	9.3	149	137	105	26.1
Total inventory	12.1	10.0	10.2	10.8	8.6	8.7
Prepaid expenses	8.7	6.6	16.4	25.7	17.7	10.8
Other current assets	1.8	41.9	7.6	6.3	4.8	6.1
Total current assets	63.7	117	236	240	198	91.3
Property, plant & equipment	676	553	703	652	645	575
Goodwill	150	103	124	121	112	99.8
Intangibles	75.6	64.4	56.0	59.0	65.2	71.2
Long-term investments	0.1	6.8	15.3	15.2	14.0	12.6
Note receivable	–	–	1.8	2.2	2.7	2.9
Other long-term assets	0	0.1	1.9	0.6	1.0	0.6
Total assets	965	845	1,137	1,090	1,038	853
Liabilities
Accounts payable	21.0	22.5	77.4	73.0	69.7	21.0
Payable/accrued	–	–	–	–	–	–
Accrued expenses	28.9	22.1	68.5	59.8	43.1	43.2
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	1.5	1.9	8.4	13.2	12.8	8.3
Other current liabilities	27.4	29.9	75.5	65.1	49.6	25.1
Total current liabilities	78.8	76.4	230	211	175	97.7
Long-term debt	155	71.4	444	457	447	285
Minority interest	78.6	90.9	93.9	87.3	91.0	83.4
Other liabilities	71.2	80.5	193	188	186	162
Total liabilities	384	319	961	943	899	628
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	47.4	47.4	37.4	37.4	37.4	37.4
Additional paid-in capital	686	681	568	570	567	568
Retained earnings (accumulated deficit)	57.2	33.7	−326	−334	−350	−253
Treasury stock	−167	−171	−196	−212	−221	−226
Other equity	−41.8	−64.5	92.2	85.4	105	98.1
Total equity	582	526	176	147	139	225
Total liabilities & shareholders' equity	965	845	1,137	1,090	1,038	853

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Pursuit Attractions and Hospitality, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	36.3	374	23.5	24.8	−92.7	−377
Depreciation, depletion & amortization	46.1	43.0	37.9	36.1	53.8	56.6
Deferred taxes	–	−3.2	−0.3	1.6	6.0	15.1
Non-cash items	−3.0	−360	21.5	5.9	9.2	215
Changes in working capital	−5.1	−5.1	22.8	3.2	−14.1	10.4
Cash from operations	74.3	48.6	105	71.7	−37.9	−80.2
Investing activities
Capital expenditures	−75.0	−56.2	−62.4	−56.9	−57.9	−53.6
Other investing cash flows	−76.5	407	−12.4	−6.4	6.1	46.8
Cash from investing	−151	351	−74.9	−63.3	−51.8	−6.8
Financing activities
Financing cash flow items	−24.1	−11.2	−7.9	−5.3	−4.2	−4.8
Cash dividends paid	0	−7.8	−7.8	−7.8	−3.9	−4.1
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	75.3	−382	−20.5	6.9	116	75.2
Cash from financing	51.3	−401	−36.2	−6.1	108	66.3
Foreign exchange effects	1.6	−1.3	0.1	−2.1	4.1	0.7
Net change in cash	−24.4	−3.0	−5.5	0.3	22.3	−20.0
Free cash flow	−0.8	−7.6	43.0	14.8	−95.8	−134

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.