Vail Resorts, Inc. (MTN) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 1.21B | 1.08B | 271.03M | 271.29M | 1.3B | 1.14B | 260.27M | 265.39M | 1.28B | 1.08B | 258.56M | 269.77M | 1.24B | 1.1B | 279.45M | 267.14M | 1.18B | 906.53M | 175.58M | 204.2M |
| Revenue Growth % | -6.98% | -4.69% | 4.13% | 2.22% | 0.96% | 5.5% | 0.66% | -1.62% | 3.62% | -2.16% | -7.47% | 0.99% | 5.25% | 21.53% | 59.16% | 30.82% | 32.35% | 32.41% | 33.23% | 164.48% |
| Cost of Goods Sold | 607.01M | 58.54M | 302.93M | 290.11M | 544.03M | 565.35M | 296.7M | 285.87M | 536.88M | 541.13M | 292.05M | 272.66M | 527.87M | 588.96M | 278.75M | 244.1M | 476.2M | 419.56M | 209.42M | 218.2M |
| COGS % of Revenue | 50.37% | 5.4% | 111.77% | 106.94% | 41.99% | 49.71% | 114% | 107.72% | 41.84% | 50.2% | 112.95% | 101.07% | 42.62% | 53.46% | 99.75% | 91.38% | 40.47% | 46.28% | 119.28% | 106.85% |
| Gross Profit | 598.16M | 1.03B | -31.9M | -18.82M | 751.53M | 571.87M | -36.43M | -20.48M | 746.4M | 536.82M | -33.49M | -2.89M | 710.56M | 512.76M | 694K | 23.04M | 700.46M | 486.97M | -33.85M | -14M |
| Gross Margin % | 49.63% | 94.6% | -11.77% | -6.94% | 58.01% | 50.29% | -14% | -7.72% | 58.16% | 49.8% | -12.95% | -1.07% | 57.38% | 46.54% | 0.25% | 8.62% | 59.53% | 53.72% | -19.28% | -6.85% |
| Gross Profit Growth % | -20.41% | 79.3% | 12.43% | 8.13% | 0.69% | 6.53% | -8.78% | -608.33% | 5.04% | 4.69% | -4925.22% | -112.55% | 1.44% | 5.3% | 102.05% | 264.61% | 31.35% | 38.47% | 17.31% | 73.44% |
| Operating Expenses | 104.03M | 422.74M | 177.92M | 184.78M | 170.36M | 187.45M | 165.5M | 178.22M | 199.77M | 186.27M | 173.57M | 157.21M | 210.04M | 184.73M | 164.06M | 121.16M | 160.08M | 161.83M | 131.82M | 156.45M |
| OpEx % of Revenue | 8.63% | 39% | 65.65% | 68.11% | 13.15% | 16.48% | 63.59% | 67.15% | 15.57% | 17.28% | 67.13% | 58.28% | 16.96% | 16.77% | 58.71% | 45.35% | 13.6% | 17.85% | 75.08% | 76.61% |
| Selling, General & Admin | 102.56M | 121.62M | 110.42M | 106.31M | 106.01M | 114.54M | 106.86M | 95.07M | 94.21M | 112.71M | 108.03M | 85.19M | 88.86M | 116.62M | 98.8M | 87.23M | 91.76M | 91.26M | 77.23M | 86.55M |
| SG&A % of Revenue | 8.51% | 11.22% | 40.74% | 39.19% | 8.18% | 10.07% | 41.06% | 35.82% | 7.34% | 10.46% | 41.78% | 31.58% | 7.18% | 10.58% | 35.36% | 32.66% | 7.8% | 10.07% | 43.99% | 42.38% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 494.13M | 602.61M | -209.82M | -203.6M | 581.16M | 384.42M | -201.93M | -198.7M | 546.63M | 350.55M | -207.06M | -160.1M | 500.53M | 328.03M | -163.36M | -98.12M | 540.38M | 325.14M | -165.67M | -170.44M |
| Operating Margin % | 41% | 55.6% | -77.42% | -75.05% | 44.86% | 33.8% | -77.58% | -74.87% | 42.6% | 32.52% | -80.08% | -59.35% | 40.42% | 29.77% | -58.46% | -36.73% | 45.92% | 35.87% | -94.36% | -83.47% |
| Operating Income Growth % | -14.98% | 56.76% | -3.91% | -2.47% | 6.32% | 9.66% | 2.48% | -24.11% | 9.21% | 6.86% | -26.75% | -63.17% | -7.38% | 0.89% | 1.4% | 42.43% | 39.38% | 56.53% | -1.04% | -0.23% |
| EBITDA | 497.17M | 676.96M | -136.7M | -126.52M | 655.78M | 457.61M | -130.39M | -126.82M | 615.12M | 419.95M | -140.33M | -91.3M | 569.62M | 394.02M | -98.75M | -34.94M | 606.03M | 387.21M | -104.18M | -107.22M |
| EBITDA Margin % | 41.25% | 62.46% | -50.44% | -46.64% | 50.62% | 40.24% | -50.1% | -47.79% | 47.93% | 38.96% | -54.27% | -33.84% | 46% | 35.76% | -35.34% | -13.08% | 51.5% | 42.71% | -59.34% | -52.51% |
| EBITDA Growth % | -24.19% | 47.93% | -4.85% | 0.23% | 6.61% | 8.97% | 7.08% | -38.9% | 7.99% | 6.58% | -42.11% | -161.3% | -6.01% | 1.76% | 5.22% | 67.41% | 34.14% | 43.21% | -2.81% | -0.34% |
| D&A (Non-Cash Add-back) | 0 | 74.35M | 73.12M | 77.08M | 74.62M | 73.2M | 71.54M | 71.88M | 68.49M | 69.4M | 66.73M | 68.8M | 69.1M | 65.99M | 64.61M | 63.18M | 65.66M | 62.07M | 61.49M | 63.22M |
| EBIT | 497.17M | 602.61M | -205.78M | -201.82M | 586.69M | 386.8M | -197.55M | -189.08M | 550.52M | 357.88M | -207.48M | -151.31M | 504.89M | 335.92M | -166.26M | -90.7M | 539.93M | 323.35M | -164.23M | -171.74M |
| Net Interest Income | -51.32M | -49.48M | -51.29M | -45.79M | -41.32M | -42.37M | -42.8M | -45.57M | -39.85M | -40.59M | -40.73M | -40.21M | -31.4M | -31.26M | -35.3M | -33.4M | -35.13M | -37.37M | -39.05M | -39.11M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.74M | 7.11M | 0 | 2.74M | 0 | 0 | 499K | 0 |
| Interest Expense | 51.32M | 49.48M | 51.29M | 45.79M | 41.32M | 42.37M | 42.8M | 45.57M | 39.85M | 40.59M | 40.73M | 40.21M | 39.14M | 38.37M | 35.3M | 36.14M | 35.13M | 37.37M | 39.55M | 39.11M |
| Other Income/Expense | -48.27M | -304.48M | -47.25M | -44.01M | -35.8M | -39.99M | -38.42M | -35.95M | -35.97M | -33.26M | -41.15M | -31.42M | -33.07M | -28.88M | -38.2M | -33.12M | -35.59M | -39.16M | -36.7M | -40.41M |
| Pretax Income | 445.85M | 298.13M | -257.07M | -247.61M | 545.37M | 344.43M | -240.35M | -234.65M | 510.66M | 317.29M | -248.21M | -191.52M | 467.45M | 299.15M | -201.57M | -131.24M | 504.79M | 285.98M | -202.37M | -210.86M |
| Pretax Margin % | 36.99% | 27.51% | -94.85% | -91.27% | 42.1% | 30.29% | -92.34% | -88.42% | 39.79% | 29.43% | -95.99% | -71% | 37.75% | 27.15% | -72.13% | -49.13% | 42.9% | 31.55% | -115.26% | -103.26% |
| Income Tax | 105.63M | 88.13M | -60.62M | -54.7M | 131.04M | 86.33M | -58.38M | -52.79M | 129.28M | 87.49M | -65.16M | -56.9M | 124.29M | 79.03M | -58.01M | -21.58M | 118.21M | 52.05M | -59.85M | -65.91M |
| Effective Tax Rate % | 23.69% | 29.56% | 23.58% | 22.09% | 24.03% | 25.06% | 24.29% | 22.5% | 25.32% | 27.57% | 26.25% | 29.71% | 26.59% | 26.42% | 28.78% | 16.45% | 23.42% | 18.2% | 29.58% | 31.26% |
| Net Income | 340.22M | 210.01M | -186.75M | -185.46M | 392.75M | 245.55M | -173.25M | -175.38M | 362M | 219.3M | -175.51M | -128.57M | 325.01M | 208.68M | -136.97M | -108.69M | 372.55M | 223.39M | -139.33M | -140.81M |
| Net Margin % | 28.23% | 19.38% | -68.9% | -68.36% | 30.32% | 21.59% | -66.57% | -66.08% | 28.21% | 20.34% | -67.88% | -47.66% | 26.24% | 18.94% | -49.02% | -40.69% | 31.66% | 24.64% | -79.36% | -68.96% |
| Net Income Growth % | -13.37% | -14.47% | -7.79% | -5.75% | 8.5% | 11.97% | 1.29% | -36.41% | 11.38% | 5.09% | -28.14% | -18.29% | -12.76% | -6.59% | 1.69% | 22.81% | 35.66% | 51.15% | 9.39% | 8.33% |
| Net Income (Continuing) | 340.22M | 210.01M | -196.46M | -192.91M | 414.33M | 258.1M | -181.96M | -181.86M | 381.38M | 229.81M | -183.05M | -134.62M | 343.17M | 220.12M | -143.56M | -109.66M | 386.58M | 233.93M | -142.52M | -144.94M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 364.37M | 342.97M | 311.58M | 329.4M | 340.56M | 285.36M | 301.2M | 314.95M | 318.52M | 320.76M | 295.15M | 331.71M | 325.58M | 314.77M | 286.84M | 235.04M | 235.86M | 228.14M | 233.99M | 234.47M |
| EPS (Diluted) | 8.76 | 5.85 | -5.20 | -5.08 | 10.54 | 6.56 | -4.61 | -4.67 | 9.54 | 5.76 | -4.60 | -3.35 | 8.18 | 5.16 | -3.56 | -2.72 | 9.16 | 5.47 | -3.44 | -3.49 |
| EPS Growth % | -16.89% | -10.82% | -12.8% | -8.78% | 10.48% | 13.89% | -0.22% | -39.4% | 16.63% | 11.63% | -29.21% | -23.16% | -10.7% | -5.67% | -3.49% | 22.06% | 36.31% | 51.11% | 9.95% | 8.64% |
| EPS (Basic) | 8.76 | 5.85 | -5.20 | -5.08 | 10.55 | 6.55 | -4.61 | -4.67 | 9.57 | 5.78 | -4.60 | -3.35 | 8.20 | 5.17 | -3.56 | -2.73 | 9.40 | 5.51 | -3.44 | -3.49 |
| Diluted Shares Outstanding | 35.91M | 35.91M | 35.91M | 36.52M | 37.28M | 37.38M | 37.47M | 37.55M | 37.94M | 38.05M | 38.12M | 38.37M | 39.72M | 40.43M | 40.3M | 40.3M | 40.68M | 40.82M | 40.45M | 40.37M |
| Basic Shares Outstanding | 35.91M | 35.91M | 35.91M | 36.52M | 37.24M | 37.38M | 37.47M | 37.55M | 37.84M | 37.97M | 38.12M | 38.37M | 39.62M | 40.33M | 40.3M | 40.16M | 39.62M | 40.54M | 40.45M | 40.37M |
| Dividend Payout Ratio | 23.25% | 37.67% | - | - | 21% | 33.73% | - | - | 23.15% | 35.66% | - | - | 25.11% | 36.91% | - | - | 20.81% | 16% | - | - |