Vail Resorts, Inc.

Vail Resorts, Inc.

161.08
USD
+7.72
(+5.03%)
4.78EPS
36.18P/E
5.32BMarket Cap
Dec 03Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
34.92
38.52
44.14
48.59
49.79
56.3
48.76
47.39
62.42
72.86
76.19
79.78
79.43
79.43
Basic EPS, GAAP
0.79
3.16
4.13
5.36
9.4
7.46
2.45
3.17
8.6
6.7
6.1
7.54
4.13
4.13
Free Cash Flow per Basic Share
6.84
8.36
12.05
12
13.58
15.72
9.81
13.03
17.56
16.09
15.55
14.93
13.42
13.42
Dividend per Share
1.25
2.08
2.86
3.73
5.05
6.46
5.28
- -
5.58
7.93
8.55
8.83
8.88
8.88
Book Value per Share
22.67
23.73
24.17
39.2
39.22
37.2
32.73
39.45
40.03
26.31
18.94
11.83
6.75
6.75
Tangible Book Value per Share
8.98
6.08
6.23
-6.08
-4.12
-10.26
-17.58
-12.51
-11.33
-26.89
-33.9
-43.17
-48.46
-48.46
Basic Weighted Avg Shares
36
36
36
39
40
40
40
40
40
40
38
37
36
36
Sales/Revenue/Turnover
1,255
1,400
1,601
1,907
2,012
2,272
1,964
1,910
2,526
2,889
2,885
2,964
2,838
2,838
Operating Margin (%)
9.55
13.74
17.94
20.72
20.44
21.21
12.62
14.69
22.83
19.47
18.72
18.15
15.27
15.27
Depreciation Expense
141
149
161
189
204
218
250
253
252
269
279
296
306
306
Net Income, GAAP
28
115
150
211
380
301
99
128
348
266
231
280
148
148
Effective Tax Rate (%)
36
23.25
38.4
33.5
- -
18.92
6.34
0.58
19.43
23.66
27.31
25.95
24.77
24.77
Profit Margin (%)
2.27
8.2
9.35
11.04
18.89
13.26
5.03
6.69
13.77
9.2
8.01
9.45
5.2
5.2
Working Capital
-49
-111
-184
-171
-55
-191
62
767
681
77
-205
-618
-221
-221
LT Debt
657
834
714
1,259
1,256
1,547
2,605
2,927
2,845
2,919
2,967
2,810
3,293
3,293
Total Equity
835
881
888
1,799
1,812
1,727
1,532
1,829
1,847
1,336
1,025
754
557
557
Return on Invested Capital (%)
4.64
9.77
9.98
10.28
- -
11.81
5.46
5.63
9.86
8.26
8.29
9.94
7.73
7.73
Return on Capital (%)
4.41
9.59
10.54
9.57
- -
10.68
4.99
6.16
9.22
8.03
7.93
9.4
6.83
6.83
Return on Common Equity (%)
3.46
13.6
17.2
17.22
24.04
19.49
7.02
8.78
21.7
20.32
26.97
49.36
44.37
44.37

Capital Structure

USD

•

in mil. unless spec.
Jan'26
Apr'26
Jul'26
ST Debt
110
109
120
LT Borrowings
2,858
2,950
3,102
LT Finance Leases
212
198
190
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
36
36
36
Market Capitalization
4,742
4,532
5,323

Working Capital

USD

•

in mil. unless spec.
Jan'26
Apr'26
Jul'26
Total Current Assets
823
952
876
Cash, Cash Equivalents & STI
385
371
268
Accounts Receivable, Net
163
363
354
Inventories
141
129
135
Total Current Liabilities
1,323
1,045
1,097
Payables & Accruals
377
329
340
ST Debt
110
109
120
Deferred Revenue
718
467
566

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.42%
-20.49%
-26.07%
Free Cash Flow
3.32%
-0.39%
-13.56%
Net Income, GAAP
17.18%
21.86%
-47.31%
Sales/Revenue/Turnover
6.62%
9%
-4.26%
Total Cash Common Dividend
- -
- -
-3.36%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
259
1,078
1,283
265
2,885
2025
260
1,137
1,296
271
2,964
2026
271
1,084
1,205
278
2,838

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-4.6
5.78
9.57
-4.67
6.1
2025
-4.62
6.54
10.47
-5.08
7.54
2026
-5.2
5.87
8.82
-5.34
4.13

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.06
2.06
2.21
2.22
8.55
2025
2.22
2.22
2.21
2.18
8.83
2026
2.22
2.21
2.22
2.22
8.88

Company Description

CEO
Robert A. Katz
Full Time Employees
44,870
Sector
Consumer services
Industry
Hotels/Resorts/Cruise lines
Address
390 Interlocken Crescent Broomfield CO United States 80021
IPO Date
Feb 7, 1997
Business
Vail Resorts, Inc. operates as a holding company primarily engaged in the ownership and operation of mountain resorts and related hospitality services. Its core products and services include mountain resort operations; ski and snowboarding activities; lodging accommodations; food and beverage services; ski school and equipment rental; and lift ticket and season pass sales through its Epic Pass subscription model. The company operates more than 30 resorts across North America, including notable properties such as Vail Mountain, Beaver Creek, Breckenridge, Keystone, Whistler Blackcomb, Park City, and Stowe, as well as international assets in Europe and Australia. Vail Resorts also offers innovative technology-driven guest services such as the My Epic app, which features real-time mountain information, mobile lift tickets, and the AI-powered My Epic Assistant to enhance guest experience. Founded in 1997 and headquartered in Broomfield, Colorado, Vail Resorts has expanded through acquisitions and strategic developments. In 2024, the company completed the acquisition of Crans-Montana Mountain Resort in Switzerland, enhancing its European presence. It has also invested significantly in resort infrastructure, including multiyear projects at Park City and Vail ski areas, such as a new 10-seat gondola, on-mountain dining and ski school terrain improvements, and a new base village development in Vail. The company launched My Epic Gear, a ski equipment rental membership program that offers flexible and convenient gear access through its My Epic app, expanding revenue streams beyond traditional lift tickets and lodging. Vail Resorts has announced a two-year Resource Efficiency Transformation Plan aimed at improving operational efficiency and scaling for future growth. Despite some recent declines in skier visits and pass unit sales in fiscal 2025, the company reported growth in season pass revenue and ancillary spend per guest, reflecting strong cost discipline and strategic initiatives to enhance guest engagement and visitation. These efforts include introducing Epic Friend Tickets, which give pass holders the ability to share discounted lift tickets with friends and family, and ongoing enhancements to pricing and marketing strategies to increase lift ticket visitation. Vail Resorts targets both consumer and institutional markets, focusing on delivering exceptional guest experiences while expanding its resort network and technological capabilities to sustain long-term growth.

Company News

  • Vail Resorts Stacks its Winter Calendar with World-Class Ski and Snowboard Competition and Community Sporting Events

  • Wall Street's Most Accurate Analysts Spotlight On 3 Consumer Stocks Delivering High-Dividend Yields

  • Oasis Management Sends Letter to Vail Resorts Shareholders in Connection with the Company's 2026 Annual Meeting

  • Vail Resorts' biggest investor backs company in fight with activist Oasis

  • Vail Resorts Files Definitive Proxy Expressing Confidence in its Board, Leadership, and Strategy to Deliver Long-Term Shareholder Value

  • Vail Resorts (MTN) Up 7.2% Since Last Earnings Report: Can It Continue?

  • Vail Resorts Serves Up New Culinary and Après Experiences at its World-Class Ski Resorts this Winter

  • Vail Resorts vs Host Hotels: Which Leisure Dividend Can Weather the Next Soft Patch?

  • LTH vs. MTN: Which Stock Is the Better Value Option?

  • Vail Resorts, Inc. (NYSE:MTN) Shares Set to Pay Quarterly Dividend of $2.22

  • Vail Resorts' 6.47% Dividend Faces Weather Risk as Free Cash Flow Falls Short

  • These Analysts Revise Their Forecasts On Vail Resorts Following Q4 Results

  • Vail Resorts Launches Epic Ascent, Bringing Concierge Services and Personalized Experiences to Private Ski Lessons

  • Vail Resorts, Inventiva And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

  • Vail Resorts Is Looking Better, But It's Too Soon For An Upgrade

  • Vail Resorts, Inc. (MTN) Q4 2026 Earnings Call Transcript

  • Vail Resorts Q4 Earnings Call Highlights

  • Vail Resorts (MTN) Reports Q4 Earnings: What Key Metrics Have to Say

  • Vail Resorts (MTN) Reports Q4 Loss, Tops Revenue Estimates

  • Vail Resorts Loss Widens After a Year of Tough Weather