Quality Investor

Pursuit Attractions and Hospitality, Inc.

Rank #125HypergrowthWatchlistCompare with other stocks

PRSU · NYSE · Consumer Cyclical

Pursuit Attractions and Hospitality, Inc. (PRSU) — Rank #125 by gross profitability (GP/assets 0.41) · ROE 4.2% · Piotroski F-Score 5 / 9.

As-of 2026-10-30 · CIK 0000884219 · all metrics point-in-time as of the filing date.

About

Pursuit Attractions and Hospitality, Inc., an attraction and hospitality company, owns and operates a collection of travel experiences in iconic destinations in the United States, Canada, Iceland, and Costa Rica.

Show more

It operates various attractions and lodges with integrated restaurants, retail, and transportation facilities, as well as owns and operates eco-luxury resorts. The company was formerly known as Viad Corp and changed its name to Pursuit Attractions and Hospitality, Inc. in January 2025. Pursuit Attractions and Hospitality, Inc.

was founded in 1926 and is based in Denver, Colorado.

Industry
Travel Services
Sector
Consumer Cyclical
State
DE
Filer Category
Accelerated filer
Fiscal Year End
December 31

Company Snapshot

P/S is the primary valuation lens — earnings are reinvested, not available for P/E.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

2,100

Industry

Travel Services

Exchange

NYSE

10/11

Flags passed

PRSU passes 10/11 quality flags

1 caution to review

  • CAUTION
    Dilution above 2%

    Annual share count increase exceeds 2%. May be acceptable for high-growth companies funding talent via stock compensation

  • PASS
    Gross margin holding
  • PASS
    FCF not negative from investment
  • PASS
    Disclosure consistent
  • PASS
    Revenue not declining
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    Balance sheet stable
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Revenue growth accelerating · Deferred revenue growing · Sequential beat (rev + EPS)

No data Operating margin — not counted as a pass.

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.41
Return on equity
4.2%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.68
Current ratio
1.61×
Net cash
-$157.97M

Cash Flow

2/3 pass
Positive FCF
PASS
Cash-backed earnings
WARN
Accruals healthy
PASS
SBC / revenue
1.6%

Growth

1/2 pass
Revenue growth
23.4%
Piotroski F-Score
5 / 9
Share dilution
32.5%

Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.

Profitability

Does it make money well?

No warning flags · GP/assets 0.41

Gross profitability (GP / assets)

0.41

Primary signal (Novy-Marx).

Return on equity

4.2%

Gross margin

92.3%

Revenue growth (YoY)

23.4%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

14.8%

Revenue CAGR (5Y)

1.7%

Earnings CAGR (3Y)

-0.8%

FCF CAGR (3Y)

21.1%

Cash Flow Health

Is the cash real?

No warning flags · FCF 51% below net income

Free cash flow

$11.13M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

-50.9%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

WARN

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

1.6%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

Caution: Dilution above 2% · net debt $157.97M, F-Score 5/9

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.68

Current ratio

1.61×

Quick ratio

0.41×

Net cash

-$157.97M

Cash & equivalents minus total debt.

Piotroski F-Score

5 / 9

Fundamental-strength score (0-9).

Valuation

Is the price reasonable?

No warning flags

Capital allocation quality

Composite score

1.0 / 5

Weak
Share count trend
32.5%0/5 Weak
Buyback timing
N/AN/A
Dividend growth consistency(non-payer or broken streak)
0 yr3/5 Good
Net debt trajectory
-10.7%0/5 Weak

Lifecycle Phase History

20202025
Decline
Hypergrowth
Value

Price History

PRSU+11.7% · +2.2% CAGRSPY+82.9% · +12.8% CAGR