Vail Resorts, Inc. (MTN) Earnings History
Steady Earner31 years of earnings data (1996–2026) · Positive but moderate multi-year EPS trajectory
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Vail Resorts, Inc. (MTN) Earnings Overview
As of November 8, 2026, Vail Resorts, Inc. (MTN) reported trailing twelve-month net income of $148M, reflecting -45.3% year-over-year growth. The company earned $4.12 per diluted share over the past four quarters, with a net profit margin of 5.2%.
Looking at the long-term picture, MTN's 5-year EPS compound annual growth rate (CAGR) stands at +5.7%, showing solid earnings momentum. The company achieved its highest annual net income of $380M in fiscal 2018.
Vail Resorts, Inc. maintains positive profitability with a gross margin of 41.8%, operating margin of 14.8%, and net margin of 5.2%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including SNOW (-$1.09B net income, -28.4% margin), CNK ($290M net income, 4.4% margin), EPR ($297M net income, 38.3% margin), MTN has outperformed on profitability metrics. Compare MTN vs SNOW →
MTN Earnings vs Peers
Earnings metrics vs comparable public companies
MTN Historical Earnings Data (1996–2026)
31 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2026 | $148M | -47.3% | $421M | $4.12 | 5.2% | 14.8% |
| 2025 | $280M | +21.2% | $560M | $7.53 | 9.4% | 18.9% |
| 2024 | $231M | -13.1% | $489M | $6.07 | 8.0% | 16.9% |
| 2023 | $266M | -23.6% | $504M | $6.69 | 9.2% | 17.5% |
| 2022 | $348M | +172.1% | $602M | $8.55 | 13.8% | 23.8% |
| 2021 | $128M | +29.4% | $261M | $3.13 | 6.7% | 13.7% |
| 2020 | $99M | -67.2% | $223M | $2.42 | 5.0% | 11.4% |
| 2019 | $301M | -20.7% | $476M | $7.32 | 13.3% | 21.0% |
| 2018 | $380M | +80.4% | $409M | $9.13 | 18.9% | 20.3% |
| 2017 | $211M | +40.6% | $379M | $5.22 | 11.0% | 19.9% |
| 2016 | $150M | +30.5% | $283M | $4.01 | 9.4% | 17.7% |
| 2015 | $115M | +303.0% | $211M | $3.07 | 8.2% | 15.0% |
| 2014 | $28M | -24.5% | $117M | $0.77 | 2.3% | 9.3% |
| 2013 | $38M | +129.4% | $97M | $1.03 | 3.4% | 8.7% |
| 2012 | $16M | -52.3% | $59M | $0.45 | 1.6% | 5.8% |
| 2011 | $34M | +13.5% | $94M | $0.94 | 3.0% | 8.1% |
| 2010 | $30M | -37.9% | $69M | $0.83 | 3.4% | 7.7% |
| 2009 | $49M | -52.4% | $106M | $1.33 | 5.0% | 10.9% |
| 2008 | $103M | +67.6% | $176M | $2.64 | 8.9% | 15.3% |
| 2007 | $61M | +34.2% | $128M | $1.56 | 6.5% | 13.6% |
| 2006 | $46M | +97.8% | $105M | $1.19 | 5.5% | 12.6% |
| 2005 | $23M | +488.3% | $88M | $0.64 | 2.9% | 10.9% |
| 2004 | -$6M | +30.1% | $82M | $-0.17 | -0.8% | 11.3% |
| 2003 | -$9M | -221.0% | $34M | $-0.24 | -1.2% | 4.8% |
| 2002 | $7M | -48.3% | $49M | $0.20 | 1.1% | 8.0% |
| 2001 | $14M | +31.5% | $49M | $0.33 | 2.5% | 9.0% |
| 2000 | $10M | -19.0% | $48M | $0.29 | 1.9% | 8.8% |
| 1999 | $13M | -35.1% | $42M | $0.25 | 2.7% | 8.9% |
| 1998 | $20M | +0.0% | $53M | $0.64 | 6.0% | 16.0% |
| 1997 | $20M | +319.1% | $53M | $0.22 | 6.0% | 16.0% |
| 1996 | $5M | - | $27M | $0.22 | 2.5% | 14.5% |
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MTN — Frequently Asked Questions
Quick answers to the most common questions about buying MTN stock.
What is MTN earnings per share (EPS)?
MTN trailing twelve-month (TTM) diluted EPS is $4.12, reflecting -45.3% year-over-year growth. The 5-year EPS CAGR is +5.7%. Complete EPS history from 1996 to 2026 is available in the table on this page.
What is Vail Resorts, Inc.'s net income?
Vail Resorts, Inc. (MTN) trailing twelve-month net income is $148M as of 2026. Earnings declined -45.3% year-over-year. Vail Resorts, Inc. has been profitable for 22 consecutive years.
Is MTN profitable?
Yes, MTN is profitable with a TTM net income of $148M and a net profit margin of +5.2%. Vail Resorts, Inc. has generated profits for 22 consecutive years.
What is MTN's earnings growth rate?
MTN compound annual EPS growth rates (CAGR): 1-Year: -45.3%, 3-Year: -14.9%, 5-Year: +5.7%, 10-Year: +0.3%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1996 to 2026.
What are MTN's profit margins?
Vail Resorts, Inc. net profit margin is +5.2%, operating margin is +14.8%, and gross margin is +41.8%. Margins are within a typical range for the sector. Return on Equity is +22.5%.
Is MTN growing earnings?
MTN earnings are declining — EPS fell -45.3% year-over-year. TTM net income dropped to $148M. This contrasts with the 5-year CAGR of +5.7%.
What was MTN's best earnings year?
Vail Resorts, Inc.'s highest annual net income on record is $380M, achieved in fiscal year 2018. Earnings history on this page spans 1996 to 2026 and includes all annual and quarterly figures.
What were MTN's earnings last quarter?
MTN's most recent reported quarter was Q4 2026. Net income was $-216M with diluted EPS of $-5.29. For a full breakdown of all quarters, see the quarterly earnings table on this page.