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Vail Resorts, Inc.(MTN)Earnings, Financials & Key Ratios
MTN•NYSE
19.2× P/E·Price updated Jun 19, 2026
AboutVail Resorts, Inc., through its subsidiaries, operates mountain resorts and urban ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 37 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities. The Lodging segment owns and/or manages various luxury hotels and condominiums, and other lodging properties under the RockResorts brand; various condominiums located in proximity to the company's mountain resorts; destination resorts; and golf courses, as well as offers resort ground transportation services. This segment operates owned and managed hotel and condominium units. The Real Estate segment owns, develops, and sells real estate properties. The company was incorporated in 1997 and is based in Broomfield, Colorado.Show more
- Revenue$2.96B+2.7%
- EBITDA$856M+11.5%
- Net Income$280M+21.2%
- EPS (Diluted)7.53+24.1%
- Gross Margin42.78%+0.4%
- EBITDA Margin28.89%+8.5%
- Operating Margin18.89%+11.5%
- Net Margin9.45%+17.9%
- ROE31.24%+60.5%
MTN Key Insights
Vail Resorts, Inc. (MTN) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 22.5%
- ✓Strong 5Y profit CAGR of 23.2%
- ✓Strong Piotroski F-Score: 7/9
- ✓High quality earnings: Operating CF exceeds net income
✗Weaknesses
- ✗High debt to equity ratio of 4.6x
- ✗Dividend payout exceeds 100% of earnings
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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MTN Price & Volume
Vail Resorts, Inc. (MTN) stock price & volume — 10-year historical chart
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MTN Growth Metrics
Vail Resorts, Inc. (MTN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years7.79%
5 Years8.59%
3 Years5.48%
TTM-4.29%
Profit CAGR
10 Years9.33%
5 Years23.16%
3 Years-6.98%
TTM-38.54%
EPS CAGR
10 Years9.39%
5 Years25.49%
3 Years-4.15%
TTM-44.63%
Return on Capital
10 Years10.82%
5 Years10.01%
3 Years11.11%
Last Year12.87%
MTN Recent Earnings
Vail Resorts, Inc. (MTN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (25%)●Beat Revenue 3/12 qtrs (25%)
Q3 2026Latest
Jun 8, 2026Metric
Actual
Est
EPS
$8.81-1.5%
$8.94
Rev
$1.2B+0.1%
$1.2B
Q2 2026
Mar 9, 2026Metric
Actual
Est
EPS
$5.87-3.1%
$6.06
Rev
$1.1B-1.0%
$1.1B
Q4 2025
Dec 10, 2025Metric
Actual
Est
EPS
$5.20-0.8%
$5.16
Rev
$271M-2.4%
$278M
Q4 2025
Sep 29, 2025Metric
Actual
Est
EPS
$5.08-7.6%
$4.72
Rev
$271M-1.2%
$274M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q3 2026Latest | Jun 8, 2026 | $8.81vs $8.94-1.5% | $1.2Bvs $1.2B+0.1% |
| Q2 2026 | Mar 9, 2026 | $5.87vs $6.06-3.1% | $1.1Bvs $1.1B-1.0% |
| Q4 2025 | Dec 10, 2025 | $5.20vs $5.16-0.8% | $271Mvs $278M-2.4% |
| Q4 2025 | Sep 29, 2025 | $5.08vs $4.72-7.6% | $271Mvs $274M-1.2% |
Based on last 12 quarters of dataView full earnings history →
MTN Peer Comparison
Vail Resorts, Inc. (MTN) competitors in Integrated Destination Casino Resorts — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SNOW | 80.51B | 232.29 | -58.81 | 29.16% | -23.79% | -57.17% | 1.42 | |
 CNK | 3.94B | 33.76 | 32.46 | 2.15% | 4.42% | 25.42% | 9.14 | |
 EPR | 4.4B | 57.51 | 17.53 | 12.07% | 38.81% | 11.68% | 1.35 | |
 FUN | 2.55B | 24.94 | -1.57 | 14.45% | -52.75% | -157.6% | 6.92 | |
 PRKS | 2.2B | 46.64 | 15.24 | -3.64% | 9.09% | |||
 PLNT | 4.21B | 52.98 | 20.22 | 12.06% | 16.52% | |||
 MAR | 104.47B | 396.20 | 41.75 | 4.33% | 9.72% | |||
 HLT | 79.41B | 348.84 | 57 | 7.74% | 12.56% |
Compare MTN vs Peers
Vail Resorts, Inc. (MTN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MTN Income Statement
Vail Resorts, Inc. (MTN) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Jul'17 | Jul'18 | Jul'19 | Jul'20 | Jul'21 | Jul'22 | Jul'23 | Jul'24 | Jul'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 1.91B | 2.01B | 2.27B | 1.96B | 1.91B | 2.53B | 2.89B | 2.89B | 2.96B | 2.83B |
Revenue Growth % | 19.11% | 5.47% | 12.93% | -13.55% | -2.75% | 32.27% | 14.39% | -0.14% | 2.74% | -4.29% |
Cost of Goods Sold | 1.09B | 1.14B | 1.3B | 1.19B | 1.08B | 1.35B | 1.67B | 1.66B | 1.7B | 1.26B |
COGS % of Revenue | 56.94% | 56.88% | 57.11% | 60.48% | 56.54% | 53.42% | 57.74% | 57.39% | 57.22% | - |
Gross Profit | 821.18M▲ 0% | 867.34M▲ 5.6% | 974.25M▲ 12.3% | 776.02M▼ 20.3% | 830.04M▲ 7.0% | 1.18B▲ 41.8% | 1.22B▲ 3.8% | 1.23B▲ 0.7% | 1.27B▲ 3.2% | 1.57B▲ 0% |
Gross Margin % | 43.06% | 43.12% | 42.89% | 39.52% | 43.46% | 46.58% | 42.26% | 42.61% | 42.78% | 55.55% |
Gross Profit Growth % | 24.84% | 5.62% | 12.33% | -20.35% | 6.96% | 41.75% | 3.78% | 0.67% | 3.16% | - |
Operating Expenses | 441.92M | 458.52M | 497.98M | 552.63M | 569.03M | 574.9M | 716.71M | 740.4M | 708.19M | 889.48M |
OpEx % of Revenue | 23.17% | 22.79% | 21.92% | 28.14% | 29.8% | 22.76% | 24.8% | 25.66% | 23.89% | - |
Selling, General & Admin | 236.8M | 251.81M | 274.42M | 278.69M | 296.99M | 347.49M | 389.46M | 410.03M | 433.71M | 440.91M |
SG&A % of Revenue | 12.42% | 12.52% | 12.08% | 14.19% | 15.55% | 13.76% | 13.48% | 14.21% | 14.63% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | 205.12M | 206.71M | 223.57M | 273.94M | 272.04M | 227.4M | 327.24M | 330.38M | 274.48M | 4M |
Operating Income | 379.26M▲ 0% | 408.82M▲ 7.8% | 476.27M▲ 16.5% | 223.39M▼ 53.1% | 261.02M▲ 16.8% | 601.73M▲ 130.5% | 504.42M▼ 16.2% | 488.85M▼ 3.1% | 559.96M▲ 14.5% | 683.32M▲ 0% |
Operating Margin % | 19.89% | 20.32% | 20.97% | 11.38% | 13.67% | 23.82% | 17.46% | 16.94% | 18.89% | 24.13% |
Operating Income Growth % | 34.02% | 7.79% | 16.5% | -53.1% | 16.84% | 130.53% | -16.17% | -3.09% | 14.55% | - |
EBITDA | 568.41M | 613.28M | 694.39M | 472.96M | 513.6M | 854.12M | 773.6M | 767.92M | 856.4M | 910.91M |
EBITDA Margin % | 29.8% | 30.49% | 30.57% | 24.09% | 26.89% | 33.81% | 26.77% | 26.62% | 28.89% | 32.17% |
EBITDA Growth % | 27.89% | 7.89% | 13.23% | -31.89% | 8.59% | 66.3% | -9.43% | -0.73% | 11.52% | 6.39% |
D&A (Non-Cash Add-back) | 189.16M | 204.46M | 218.12M | 249.57M | 252.59M | 252.39M | 269.18M | 279.07M | 296.44M | 224.55M |
EBIT | 402.54M | 403.32M | 478.46M | 223.15M | 276.58M | 605.34M | 525.86M | 504.35M | 574.02M | 692.18M |
Net Interest Income | -54.09M | -63.23M | -79.5M | -106.72M | -151.4M | -148.18M | -155.45M | -164.6M | -171.63M | -197.87M |
Interest Income | 0 | 0 | 0 | 0 | 586K | 0 | 0 | 0 | 0 | 0 |
Interest Expense | 54.09M | 63.23M | 79.5M | 106.72M | 151.4M | 148.18M | 155.45M | 164.6M | 171.63M | 197.87M |
Other Income/Expense | -30.81M | -68.72M | -77.3M | -106.96M | -135.83M | -144.57M | -134M | -149.09M | -157.56M | -444.01M |
Pretax Income | 348.45M▲ 0% | 340.09M▼ 2.4% | 398.96M▲ 17.3% | 116.43M▼ 70.8% | 125.18M▲ 7.5% | 457.16M▲ 265.2% | 370.42M▼ 19.0% | 339.75M▼ 8.3% | 402.4M▲ 18.4% | 239.31M▲ 0% |
Pretax Margin % | 18.27% | 16.91% | 17.56% | 5.93% | 6.56% | 18.1% | 12.82% | 11.78% | 13.57% | 8.45% |
Income Tax | 116.73M | -61.14M | 75.47M | 7.38M | 726K | 88.82M | 87.64M | 92.78M | 104.42M | 78.44M |
Effective Tax Rate % | 33.5% | -17.98% | 18.92% | 6.34% | 0.58% | 19.43% | 23.66% | 27.31% | 25.95% | 32.78% |
Net Income | 210.55M▲ 0% | 379.9M▲ 80.4% | 301.16M▼ 20.7% | 98.83M▼ 67.2% | 127.85M▲ 29.4% | 347.92M▲ 172.1% | 265.82M▼ 23.6% | 231.1M▼ 13.1% | 280M▲ 21.2% | 178.02M▲ 0% |
Net Margin % | 11.04% | 18.89% | 13.26% | 5.03% | 6.69% | 13.77% | 9.2% | 8.01% | 9.45% | 6.29% |
Net Income Growth % | 40.6% | 80.43% | -20.73% | -67.18% | 29.36% | 172.13% | -23.6% | -13.06% | 21.16% | -38.54% |
Net Income (Continuing) | 231.72M | 401.23M | 323.49M | 109.06M | 124.46M | 368.34M | 282.78M | 246.98M | 297.98M | 160.87M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 227.8M | 222.23M | 226.21M | 214.93M | 234.47M | 235.04M | 331.71M | 314.95M | 329.4M | 364.37M |
EPS (Diluted) | 5.22▲ 0% | 9.13▲ 74.9% | 7.32▼ 19.8% | 2.42▼ 66.9% | 3.13▲ 29.3% | 8.55▲ 173.2% | 6.69▼ 21.8% | 6.07▼ 9.3% | 7.53▲ 24.1% | 4.96▲ 0% |
EPS Growth % | 30.17% | 74.9% | -19.82% | -66.94% | 29.34% | 173.16% | -21.75% | -9.27% | 24.05% | -44.63% |
EPS (Basic) | 5.36 | 9.40 | 7.46 | 2.45 | 3.17 | 8.60 | 6.70 | 6.08 | 7.54 | - |
Diluted Shares Outstanding | 40.37M | 41.62M | 41.16M | 40.84M | 40.83M | 40.69M | 39.76M | 37.96M | 37.2M | 35.91M |
Basic Shares Outstanding | 39.25M | 40.4M | 40.35M | 40.27M | 40.3M | 40.47M | 39.65M | 37.87M | 37.16M | 35.91M |
Dividend Payout Ratio | 69.45% | 53.74% | 86.52% | 215.24% | - | 64.9% | 118.25% | 140.06% | 117.2% | - |
MTN Balance Sheet
Vail Resorts, Inc. (MTN) balance sheet — assets, liabilities & shareholders' equity
| Metric | Jul'17 | Jul'18 | Jul'19 | Jul'20 | Jul'21 | Jul'22 | Jul'23 | Jul'24 | Jul'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 433.07M | 538.74M | 527.94M | 665.09M | 1.75B | 1.79B | 1.21B | 911.36M | 1.05B | 952.22M |
Cash & Short-Term Investments | 117.39M | 178.15M | 108.85M | 390.98M | 1.24B | 1.11B | 562.98M | 322.83M | 440.29M | 371.37M |
Cash Only | 117.39M | 178.15M | 108.85M | 390.98M | 1.24B | 1.11B | 562.98M | 322.83M | 440.29M | 371.37M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 186.91M | 230.83M | 270.9M | 106.66M | 345.41M | 383.43M | 381.07M | 375.75M | 382.37M | 356.92M |
Days Sales Outstanding | 35.77 | 41.88 | 43.53 | 19.83 | 66.02 | 55.41 | 48.14 | 47.54 | 47.08 | 34.65 |
Inventory | 84.81M | 85.59M | 96.54M | 101.86M | 80.32M | 108.72M | 132.55M | 118.99M | 117.18M | 129.07M |
Days Inventory Outstanding | 28.5 | 27.3 | 27.16 | 31.3 | 27.15 | 29.41 | 29 | 26.23 | 25.22 | 39.3 |
Other Current Assets | 43.95M | 44.17M | 51.66M | 65.59M | 75.9M | 191.96M | 88.3M | 42.27M | 51.86M | 94.86M |
Total Non-Current Assets | 3.68B | 3.53B | 3.9B | 4.58B | 4.51B | 4.53B | 4.74B | 4.79B | 4.73B | 4.73B |
Property, Plant & Equipment | 1.71B | 1.63B | 1.84B | 2.42B | 2.27B | 2.31B | 2.56B | 2.68B | 2.62B | 2.6B |
Fixed Asset Turnover | 1.11x | 1.24x | 1.23x | 0.81x | 0.84x | 1.09x | 1.13x | 1.08x | 1.13x | 1.44x |
Goodwill | 1.52B | 1.48B | 1.61B | 1.71B | 1.78B | 1.75B | 1.72B | 1.68B | 1.68B | 1.7B |
Intangible Assets | 294.93M | 280.57M | 306.17M | 314.78M | 319.11M | 314.06M | 309.35M | 302.54M | 298.5M | 299.5M |
Long-Term Investments | 111M | 107.08M | -168.76M | -234.19M | -252.82M | 95.98M | 90.21M | 86.55M | 87.85M | 325.83M |
Other Non-Current Assets | -133.63M | -98.23M | 141.26M | 136.93M | 132.72M | -217.06M | -220.24M | -239.06M | 49.39M | 52.04M |
Total Assets | 4.11B▲ 0% | 4.06B▼ 1.1% | 4.43B▲ 8.9% | 5.24B▲ 18.5% | 6.25B▲ 19.2% | 6.32B▲ 1.1% | 5.95B▼ 5.9% | 5.7B▼ 4.2% | 5.78B▲ 1.4% | 5.69B▲ 0% |
Asset Turnover | 0.46x | 0.49x | 0.51x | 0.37x | 0.31x | 0.40x | 0.49x | 0.51x | 0.51x | 0.50x |
Asset Growth % | 65.62% | -1.11% | 8.88% | 18.48% | 19.2% | 1.07% | -5.86% | -4.19% | 1.39% | 3.45% |
Total Current Liabilities | 604.56M | 593.62M | 719.13M | 603.47M | 978.4M | 1.11B | 1.13B | 1.11B | 1.67B | 1.04B |
Accounts Payable | 71.56M | 80.79M | 96.38M | 59.69M | 98.26M | 151.26M | 148.52M | 141.25M | 139.98M | 894.95M |
Days Payables Outstanding | 24.05 | 25.77 | 27.12 | 18.34 | 33.22 | 40.92 | 32.5 | 31.13 | 30.12 | 95.72 |
Short-Term Debt | 38.4M | 38.45M | 48.52M | 63.68M | 114.12M | 63.75M | 69.16M | 59.31M | 599.51M | 73.51M |
Deferred Revenue (Current) | 240.1M | 282.1M | 335.67M | 256.4M | 456.46M | 511.31M | 572.6M | 575.77M | 602.12M | 1.53B |
Other Current Liabilities | 78.64M | 67.64M | 87.7M | 77.12M | 124.43M | 136.27M | 120.62M | -8.93M | 64.87M | 0 |
Current Ratio | 0.72x | 0.91x | 0.73x | 1.10x | 1.78x | 1.61x | 1.07x | 0.82x | 0.63x | 0.91x |
Quick Ratio | 0.58x | 0.76x | 0.60x | 0.93x | 1.70x | 1.51x | 0.95x | 0.72x | 0.56x | 0.79x |
Cash Conversion Cycle | 40.23 | 43.41 | 43.57 | 32.78 | 59.95 | 43.9 | 44.64 | 42.63 | 42.18 | -21.77 |
Total Non-Current Liabilities | 1.71B | 1.66B | 1.98B | 3.11B | 3.44B | 3.36B | 3.48B | 3.55B | 3.36B | 3.73B |
Long-Term Debt | 905.24M | 1.23B | 1.22B | 2.39B | 2.75B | 2.67B | 2.75B | 2.73B | 2.21B | 2.95B |
Capital Lease Obligations | 328.79M | 0 | 312.01M | 217.54M | 190.56M | 174.57M | 168.33M | 235.11M | 598.54M | 1.22B |
Deferred Tax Liabilities | 171.44M | 133.92M | 168.76M | 234.19M | 320.67M | 268.46M | 276.14M | 327.78M | 252.04M | 1.05B |
Other Non-Current Liabilities | 183.32M | 177.19M | 173.85M | 165.14M | 183.24M | 246.36M | 286.26M | 260.78M | 294.46M | 312.47M |
Total Liabilities | 2.31B | 2.25B | 2.7B | 3.71B | 4.42B | 4.47B | 4.61B | 4.66B | 5.02B | 4.77B |
Total Debt | 1.3B | 1.29B | 1.6B | 2.71B | 3.08B | 2.94B | 3.03B | 3.04B | 3.44B | 3.22B |
Net Debt | 1.18B | 1.12B | 1.49B | 2.32B | 1.83B | 1.84B | 2.46B | 2.72B | 3B | 2.85B |
Debt / Equity | 0.72x | 0.71x | 0.92x | 1.77x | 1.68x | 1.59x | 2.26x | 2.93x | 4.57x | 3.52x |
Debt / EBITDA | 2.28x | 2.11x | 2.30x | 5.72x | 5.99x | 3.45x | 3.91x | 3.97x | 4.02x | 3.54x |
Net Debt / EBITDA | 2.08x | 1.82x | 2.14x | 4.90x | 3.57x | 2.15x | 3.18x | 3.54x | 3.51x | 3.13x |
Interest Coverage | 7.44x | 6.38x | 6.02x | 2.09x | 1.83x | 4.09x | 3.38x | 3.06x | 3.34x | 3.50x |
Total Equity | 1.8B▲ 0% | 1.81B▲ 0.7% | 1.73B▼ 4.7% | 1.53B▼ 11.3% | 1.83B▲ 19.4% | 1.85B▲ 1.0% | 1.34B▼ 27.7% | 1.04B▼ 22.2% | 753.9M▼ 27.4% | 916.09M▲ 0% |
Equity Growth % | 102.48% | 0.71% | -4.68% | -11.3% | 19.42% | 1.01% | -27.7% | -22.25% | -27.4% | -111.47% |
Book Value per Share | 44.57 | 43.53 | 41.96 | 37.51 | 44.80 | 45.41 | 33.59 | 27.36 | 20.26 | 25.51 |
Total Shareholders' Equity | 1.57B | 1.59B | 1.5B | 1.32B | 1.59B | 1.61B | 1B | 723.54M | 424.5M | 551.73M |
Common Stock | 455K | 461K | 462K | 464K | 466K | 467K | 468K | 469K | 469K | 470K |
Retained Earnings | 550.99M | 726.72M | 759.8M | 645.9M | 773.75M | 895.89M | 873.71M | 780.43M | 718.66M | 818.33M |
Treasury Stock | -247.19M | -272.99M | -357.99M | -404.41M | -404.41M | -479.42M | -984.31M | -1.14B | -1.41B | -1.45B |
Accumulated OCI | 44.4M | -2.23M | -31.73M | -56.84M | 27.8M | 10.92M | -10.36M | -67.29M | -57.89M | -1.32M |
Minority Interest | 227.8M | 222.23M | 226.21M | 214.93M | 234.47M | 235.04M | 331.71M | 314.95M | 329.4M | 364.37M |
MTN Cash Flow Statement
Vail Resorts, Inc. (MTN) cash flow — operating, investing & free cash flow history
| Metric | Jul'17 | Jul'18 | Jul'19 | Jul'20 | Jul'21 | Jul'22 | Jul'23 | Jul'24 | Jul'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 456.91M | 551.63M | 634.23M | 394.95M | 525.25M | 710.5M | 639.56M | 586.77M | 554.87M | 475.11M |
Operating CF Margin % | 23.96% | 27.42% | 27.92% | 20.11% | 27.5% | 28.13% | 22.14% | 20.34% | 18.72% | - |
Operating CF Growth % | 7.07% | 20.73% | 14.97% | -37.73% | 32.99% | 35.27% | -9.98% | -8.25% | -5.44% | -130.37% |
Net Income | 231.72M | 401.23M | 323.49M | 109.06M | 124.46M | 368.34M | 285.1M | 246.28M | 297.98M | 178.02M |
Depreciation & Amortization | 189.16M | 204.46M | 218.12M | 249.57M | 252.59M | 252.39M | 268.5M | 276.49M | 296.44M | 301.76M |
Stock-Based Compensation | 18.32M | 19.04M | 19.86M | 21.02M | 24.39M | 24.89M | 25.41M | 26.8M | 33.96M | 33.42M |
Deferred Taxes | 36.44M | -45.77M | 22.42M | 17.43M | -16.14M | -9.39M | 24.07M | 12.1M | -20.95M | -74.5M |
Other Non-Cash Items | -2.03M | 2.24M | -482K | 21.21M | 12.54M | -20.2M | 54.22M | 49.84M | -26.57M | -68.61M |
Working Capital Changes | -16.68M | -29.57M | 50.83M | -23.35M | 127.41M | 94.48M | -17.73M | -24.73M | -25.98M | 106.33M |
Change in Receivables | -36.29M | -44.26M | -35.41M | 167.35M | -237.19M | -39.01M | 4.25M | 12.89M | -6.71M | -16.21M |
Change in Inventory | 8.09M | -963K | -7.27M | -1.92M | 22.78M | -28.05M | -23.42M | 13.19M | 1.2M | -12.96M |
Change in Payables | -14.18M | 1.88M | 23.3M | -82.39M | 118.98M | 41.08M | -7.51M | 9.37M | 18.4M | -21.45M |
Cash from Investing | -682.84M | -134.58M | -596.03M | -492.74M | -103.33M | -347.92M | -273.17M | -241.07M | -204.5M | -227.96M |
Capital Expenditures | -144.43M | -140.61M | -192.03M | -172.33M | -115.1M | -192.82M | -314.91M | -211.2M | -235.19M | -237.58M |
CapEx % of Revenue | 7.57% | 6.99% | 8.45% | 8.78% | 6.03% | 7.63% | 10.9% | 7.32% | 7.93% | 8.39% |
Acquisitions | -553.22M | -1.36M | -419.04M | -327.56M | 0 | -230.75M | 75.94M | -94.36M | 0 | 0 |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 14.82M | 7.39M | 15.04M | 7.15M | 11.77M | 75.65M | 14.58M | 6.84M | 30.69M | 9.63M |
Cash from Financing | 271.89M | -350.71M | -99.56M | 376.23M | 434.66M | -493.14M | -915.71M | -574.79M | -242.65M | -290.37M |
Debt Issued (Net) | 419.28M | -2.93M | 289.46M | 686.35M | 494.62M | -146.63M | -73.89M | -55.86M | 402.78M | 313.09M |
Equity Issued (Net) | -210K | -25.8M | -85M | -46.42M | -39.09M | -112.31M | -500M | -150M | -278.04M | -245M |
Dividends Paid | -146.24M | -204.16M | -260.57M | -212.73M | 0 | -225.79M | -314.35M | -323.68M | -328.17M | -317.73M |
Share Repurchases | -210K | -25.8M | -85M | -46.42M | 0 | -75.01M | -500M | -150M | -270M | -245M |
Other Financing | -941K | -117.83M | -43.45M | -50.97M | -20.87M | -8.41M | -27.47M | -45.24M | -39.22M | -40.73M |
Net Change in Cash | 49.49M▲ 0% | 60.76M▲ 22.8% | -66.65M▼ 209.7% | 283.7M▲ 525.6% | 856.49M▲ 201.9% | -132.47M▼ 115.5% | -553.01M▼ 317.5% | -236.03M▲ 57.3% | 119.36M▲ 150.6% | -28.3M▲ 0% |
Free Cash Flow | 312.48M▲ 0% | 411.01M▲ 31.5% | 442.2M▲ 7.6% | 222.62M▼ 49.7% | 410.15M▲ 84.2% | 517.68M▲ 26.2% | 324.65M▼ 37.3% | 375.58M▲ 15.7% | 319.68M▼ 14.9% | 237.53M▲ 0% |
FCF Margin % | 16.38% | 20.43% | 19.47% | 11.34% | 21.48% | 20.49% | 11.24% | 13.02% | 10.78% | 8.39% |
FCF Growth % | -1.59% | 31.53% | 7.59% | -49.66% | 84.24% | 26.22% | -37.29% | 15.69% | -14.88% | -40.15% |
FCF per Share | 7.74 | 9.88 | 10.74 | 5.45 | 10.05 | 12.72 | 8.17 | 9.89 | 8.59 | 6.61 |
FCF Conversion (FCF/Net Income) | 2.17x | 1.45x | 2.11x | 4.00x | 4.11x | 2.04x | 2.41x | 2.54x | 1.98x | 1.33x |
Interest Paid | 46.45M | 53.84M | 70.89M | 88.4M | 125.67M | 114.07M | 140.6M | 146.56M | 156.37M | 0 |
Taxes Paid | 49.37M | 16.95M | 27.21M | 4.13M | 5.01M | 19.69M | 94.34M | 129.35M | 161.66M | 0 |
MTN Key Ratios
Vail Resorts, Inc. (MTN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 15.67% | 21.04% | 17.02% | 6.07% | 7.61% | 18.93% | 16.7% | 19.47% | 31.24% | 25.59% |
Return on Invested Capital (ROIC) | 12.57% | 10.38% | 11.63% | 4.75% | 5.21% | 12.29% | 10.11% | 9.7% | 11.17% | 14.37% |
Gross Margin | 43.06% | 43.12% | 42.89% | 39.52% | 43.46% | 46.58% | 42.26% | 42.61% | 42.78% | 55.55% |
Net Margin | 11.04% | 18.89% | 13.26% | 5.03% | 6.69% | 13.77% | 9.2% | 8.01% | 9.45% | 6.29% |
Debt / Equity | 0.72x | 0.71x | 0.92x | 1.77x | 1.68x | 1.59x | 2.26x | 2.93x | 4.57x | 3.52x |
Interest Coverage | 7.44x | 6.38x | 6.02x | 2.09x | 1.83x | 4.09x | 3.38x | 3.06x | 3.34x | 3.50x |
FCF Conversion | 2.17x | 1.45x | 2.11x | 4.00x | 4.11x | 2.04x | 2.41x | 2.54x | 1.98x | 1.33x |
Revenue Growth | 19.11% | 5.47% | 12.93% | -13.55% | -2.75% | 32.27% | 14.39% | -0.14% | 2.74% | -4.29% |
Related:MTN Dividend History·MTN Revenue History·MTN Price History·MTN P/E History·MTN Financial Ratios·MTN Institutional Holders
MTN SEC Filings & Documents
Vail Resorts, Inc. (MTN) SEC filings — annual & quarterly reports (10-K, 10-Q)
MTN Frequently Asked Questions
Vail Resorts, Inc. (MTN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Vail Resorts, Inc. (MTN) reported $2.83B in revenue for fiscal year 2025. This represents a 1400% increase from $188.8M in 1996.
Vail Resorts, Inc. (MTN) grew revenue by 2.7% over the past year. Growth has been modest.
Yes, Vail Resorts, Inc. (MTN) is profitable, generating $178.0M in net income for fiscal year 2025 (9.4% net margin).
Dividend & Returns
Yes, Vail Resorts, Inc. (MTN) pays a dividend with a yield of 6.09%. This makes it attractive for income-focused investors.
Vail Resorts, Inc. (MTN) has a return on equity (ROE) of 31.2%. This is excellent, indicating efficient use of shareholder capital.
Vail Resorts, Inc. (MTN) generated $237.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.