Vail Resorts, Inc. (MTN) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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MTN Revenue Growth
Revenue Breakdown (FY 2025)
MTN's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
MTN Revenue Analysis (2014–2025)
As of May 8, 2026, Vail Resorts, Inc. (MTN) generated trailing twelve-month (TTM) revenue of $2.92 billion, reflecting slight decline in growth of -4.7% year-over-year. The most recent quarter (Q2 2026) recorded $1.08 billion in revenue, up 299.9% sequentially.
Looking at the longer-term picture, MTN's 5-year compound annual growth rate (CAGR) stands at +8.6%, indicating steady revenue expansion. The company achieved its highest annual revenue of $2.96 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows MTN's business is primarily driven by Lodging revenue (excluding payroll cost reimbursements) (49%), Owned Hotel Revenue (13%), and Managed condominium rooms (12%).
When compared to Consumer Cyclical sector peers including SNOW (+29.2% YoY), CNK (+2.1% YoY), and EPR (+7.9% YoY), MTN has underperformed the peer group in terms of revenue growth. Compare MTN vs SNOW →
MTN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MTNCurrent | $2.9B | -4.7% | +8.6% | 18.9% | |
 SNOW | $4.7B | +29.2% | +51.2% | -30.6% | |
 CNK | $3.1B | +2.1% | +35.3% | 11.0% | |
 EPR | $718M | +7.9% | +12.1% | 52.5% | |
 FUN | $3.1B | +3.2% | +76.4% | -43.7% | |
 PRKS | $1.7B | -3.6% | +30.9% | 22.0% |
MTN Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.96B | +2.7% | $1.27B | 42.8% | $560.0M | 18.9% |
| 2024 | $2.89B | -0.1% | $1.23B | 42.6% | $488.8M | 16.9% |
| 2023 | $2.89B | +14.4% | $1.22B | 42.3% | $504.4M | 17.5% |
| 2022 | $2.53B | +32.3% | $1.18B | 46.6% | $601.7M | 23.8% |
| 2021 | $1.91B | -2.7% | $830.0M | 43.5% | $261.0M | 13.7% |
| 2020 | $1.96B | -13.6% | $776.0M | 39.5% | $223.4M | 11.4% |
| 2019 | $2.27B | +12.9% | $974.3M | 42.9% | $476.3M | 21.0% |
| 2018 | $2.01B | +5.5% | $867.3M | 43.1% | $408.8M | 20.3% |
| 2017 | $1.91B | +19.1% | $821.2M | 43.1% | $379.3M | 19.9% |
| 2016 | $1.60B | +14.4% | $657.8M | 41.1% | $283.0M | 17.7% |
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Start ComparisonMTN — Frequently Asked Questions
Quick answers to the most common questions about buying MTN stock.
Is MTN's revenue growth accelerating or slowing?
MTN revenue growth slowed to -4.7%, below the 5-year CAGR of +8.6%. TTM revenue is $2.9B. The deceleration marks a shift from historical growth rates.
What is MTN's long-term revenue growth rate?
Vail Resorts, Inc.'s 5-year revenue CAGR of +8.6% reflects the variable expansion pattern. Current YoY growth of -4.7% is near this long-term average.
How is MTN's revenue distributed by segment?
MTN reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.