MTN · Vail Resorts Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.08B | $271.03M | $1.30B | $1.14B | $260.27M | $1.28B | $1.08B | $258.56M | $1.24B | $1.10B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $74.35M | $73.12M | $74.62M | $73.11M | $71.63M | $68.49M | $69.40M | $66.73M | $69.10M | $65.99M |
| Operating Income | $345.05M | ($209.82M) | $581.16M | $384.42M | ($202.02M) | $546.63M | $350.55M | ($207.06M) | $500.53M | $328.03M |
| Interest Expense | $49.48M | $51.29M | $41.32M | $42.37M | $42.15M | $39.85M | $40.59M | $40.73M | $39.14M | $38.37M |
| Income Tax | $72.29M | ($60.62M) | $131.04M | $86.33M | ($58.25M) | $129.28M | $87.49M | ($65.16M) | $124.29M | $79.03M |
| Net Income | $210.01M | ($186.75M) | $392.75M | $245.55M | ($172.84M) | $362.00M | $219.30M | ($175.51M) | $325.01M | $208.68M |
| EPS - Basic | $5.87 | ($5.20) | $10.55 | $6.57 | ($4.61) | $9.57 | $5.78 | ($4.60) | $8.20 | $5.17 |
| EPS - Diluted | $5.87 | ($5.20) | $10.54 | $6.56 | ($4.61) | $9.54 | $5.76 | ($4.60) | $8.18 | $5.16 |
Balance Sheet
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $384.74M | $581.47M | $440.29M | $488.21M | $403.77M | $322.83M | $812.16M | $728.86M | $562.98M | $1.30B |
| Accounts Receivable | $160.05M | $97.53M | $382.37M | $123.55M | $130.16M | $375.75M | $138.27M | $105.55M | $381.07M | $160.39M |
| Inventory | $141.38M | $154.38M | $117.18M | $131.97M | $152.94M | $118.99M | $134.84M | $157.71M | $132.55M | $122.09M |
| Accounts Payable | $142.18M | $143.12M | $139.98M | $138.19M | $141.91M | $141.25M | $130.80M | $161.58M | $148.52M | $179.22M |
| Current Assets | $822.72M | $1.05B | $1.05B | $844.49M | $853.62M | $911.36M | $1.18B | $1.13B | $1.21B | $1.76B |
| Total Assets | $5.60B | $5.76B | $5.78B | $5.53B | $5.64B | $5.70B | $5.85B | $5.76B | $5.95B | $6.56B |
| Current Liabilities | $1.32B | $1.94B | $1.67B | $1.79B | $1.36B | $1.11B | $1.23B | $1.36B | $1.13B | $1.29B |
| Long-term Debt | $2.93B | $3.17B | $2.59B | $2.12B | $2.71B | $2.72B | $2.72B | $2.73B | $2.75B | $2.79B |
| Total Liabilities | $4.96B | $5.30B | $5.02B | $4.72B | $4.90B | $4.66B | $4.70B | $4.83B | $4.61B | $4.79B |
| Stockholders' Equity | $301.82M | $156.46M | $424.50M | $530.70M | $444.10M | $723.54M | $829.90M | $633.03M | $1.00B | $1.46B |
| Retained Earnings | $583.00M | $452.10M | $718.66M | $687.17M | $524.45M | $780.43M | $760.82M | $619.73M | $873.71M | $837.57M |
Cash Flow
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $315.94M | - | - | $282.42M | - | - | $328.50M | - | - |
| Investing Cash Flow | - | ($71.67M) | - | - | ($71.01M) | - | - | $5.57M | - | - |
| Financing Cash Flow | - | ($100.98M) | - | - | ($132.30M) | - | - | ($153.61M) | - | - |
| CapEx | - | $71.67M | - | - | $71.02M | - | - | $53.38M | - | - |
| Free Cash Flow | - | $244.27M | - | - | $211.41M | - | - | $275.12M | - | - |
Ratios
| Metric | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 31.8% | -77.4% | 44.9% | 33.8% | -77.6% | 42.6% | 32.5% | -80.1% | 40.4% | 29.8% |
| EBITDA margin | 38.7% | -50.4% | 50.6% | 40.2% | -50.1% | 47.9% | 39.0% | -54.3% | 46.0% | 35.8% |
| Net margin | 19.4% | -68.9% | 30.3% | 21.6% | -66.4% | 28.2% | 20.3% | -67.9% | 26.2% | 18.9% |
| Free cash flow margin | - | 90.1% | - | - | 81.2% | - | - | 106.4% | - | - |
| FCF / Net income | - | -1.31 | - | - | -1.22 | - | - | -1.57 | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 25.6% | - | 25.0% | 26.0% | - | 26.3% | 28.5% | - | 27.7% | 27.5% |
| Return on assets | 3.8% | -3.2% | 6.8% | 4.4% | -3.1% | 6.4% | 3.8% | -3.0% | 5.5% | 3.2% |
| Return on equity | 69.6% | -119.4% | 92.5% | 46.3% | -38.9% | 50.0% | 26.4% | -27.7% | 32.4% | 14.3% |
| Return on invested capital | 7.9% | -5.0% | 14.4% | 10.7% | -5.1% | 11.7% | 7.1% | -4.9% | 9.6% | 5.6% |
| Liquidity | ||||||||||
| Current ratio | 0.62 | 0.54 | 0.63 | 0.47 | 0.63 | 0.82 | 0.96 | 0.83 | 1.07 | 1.37 |
| Quick ratio | 0.51 | 0.46 | 0.56 | 0.40 | 0.51 | 0.71 | 0.85 | 0.72 | 0.95 | 1.27 |
| Cash ratio | 0.29 | 0.30 | 0.26 | 0.27 | 0.30 | 0.29 | 0.66 | 0.53 | 0.50 | 1.01 |
| Leverage | ||||||||||
| Debt / Equity | 9.70 | 20.27 | 6.11 | 3.99 | 6.10 | 3.76 | 3.28 | 4.32 | 2.74 | 1.91 |
| Debt / Assets | 0.52 | 0.55 | 0.45 | 0.38 | 0.48 | 0.48 | 0.47 | 0.47 | 0.46 | 0.42 |
| Debt / EBITDA | 6.98 | - | 3.96 | 4.63 | - | 4.42 | 6.48 | - | 4.83 | 7.08 |
| Interest coverage | 7.0x | -4.1x | 14.1x | 9.1x | -4.8x | 13.7x | 8.6x | -5.1x | 12.8x | 8.5x |
| Equity multiplier | 18.55 | 36.84 | 13.61 | 10.42 | 12.70 | 7.88 | 7.05 | 9.10 | 5.92 | 4.49 |
| Liabilities / Assets | 0.88 | 0.92 | 0.87 | 0.85 | 0.87 | 0.82 | 0.80 | 0.84 | 0.78 | 0.73 |
| Efficiency | ||||||||||
| Asset turnover | 0.19 | 0.05 | 0.22 | 0.21 | 0.05 | 0.23 | 0.18 | 0.04 | 0.21 | 0.17 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 54d | 131d | 108d | 40d | 183d | 107d | 47d | 149d | 112d | 53d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 22.7x | - | 14.3x | 25.9x | - | 19.1x | 38.5x | - | 28.8x | 50.8x |
| P / B | 15.8x | 34.0x | 13.2x | 12.0x | 14.0x | 9.5x | 10.2x | 12.8x | 9.3x | 7.3x |
| P / S | 4.4x | 19.7x | 4.3x | 5.6x | 23.9x | 5.4x | 7.8x | 31.3x | 7.6x | 9.6x |
| EV / EBITDA | 17.4x | - | 11.8x | 17.5x | - | 15.1x | 24.7x | - | 20.3x | 30.7x |
| Growth | ||||||||||
| Revenue growth (YoY) | -4.7% | 4.1% | 1.0% | 5.5% | 0.7% | 3.6% | -2.2% | -7.5% | 5.2% | 21.5% |
| Revenue CAGR (3y) | -0.5% | -1.0% | 3.3% | 7.9% | 14.0% | 13.0% | 16.3% | 25.2% | 21.3% | 6.0% |
| Revenue CAGR (5y) | 9.6% | 15.5% | 13.3% | 4.2% | -0.6% | 6.0% | 4.9% | 3.3% | 8.0% | 8.4% |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -10.2% | -3.9% | 6.3% | 9.7% | 2.4% | 9.2% | 6.9% | -26.7% | -7.4% | 0.9% |
| Net income growth (YoY) | -14.5% | -8.1% | 8.5% | 12.0% | 1.5% | 11.4% | 5.1% | -28.1% | -12.8% | -6.6% |
| EPS growth (YoY) | -10.5% | -12.8% | 10.5% | 13.9% | -0.2% | 16.6% | 11.6% | -35.3% | -10.7% | -5.7% |
| EPS CAGR (3y) | 4.4% | - | 4.8% | 6.2% | - | 12.4% | 16.7% | - | 29.8% | 0.8% |
| EPS CAGR (5y) | 10.2% | - | 23.0% | 5.4% | - | 6.0% | 2.8% | - | 5.8% | -1.9% |
| FCF growth (YoY) | - | 15.5% | - | - | -23.2% | - | - | 31.7% | - | - |
| FCF CAGR (5y) | - | 24.5% | - | - | 6.2% | - | - | 16.3% | - | - |
| Book value growth (YoY) | -43.1% | -64.8% | -41.3% | -36.1% | -29.8% | -27.9% | -43.3% | -50.0% | -37.7% | -6.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-07-31.
Geographic
$3.30B totalGeographic Distribution Domestic$2.42B · 73.4%
Geographic Distribution Foreign$541.10M · 16.4%
CA$335.30M · 10.2%
Peer comparison
Same SIC group: Services-Miscellaneous Amusement & Recreation
Comparing VAIL RESORTS INC against the 5 most active filers in the same SIC group.
Dividends
$8.88/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| Mar 26, 2026 | $2.2200 |
| Dec 30, 2025 | $2.2200 |
| Oct 9, 2025 | $2.2200 |
| Jun 24, 2025 | $2.2200 |
| Mar 27, 2025 | $2.2200 |
| Dec 26, 2024 | $2.2200 |
| Oct 8, 2024 | $2.2200 |
| Jun 25, 2024 | $2.2200 |
| Mar 27, 2024 | $2.2200 |
| Dec 22, 2023 | $2.0600 |
| Oct 6, 2023 | $2.0600 |
| Jun 26, 2023 | $2.0600 |
| Mar 24, 2023 | $2.0600 |
| Dec 23, 2022 | $1.9100 |
| Oct 4, 2022 | $1.9100 |
| Jun 24, 2022 | $1.9100 |
| Mar 29, 2022 | $1.9100 |
| Dec 27, 2021 | $0.8800 |
| Oct 4, 2021 | $0.8800 |
| Mar 25, 2020 | $1.7600 |
| Dec 24, 2019 | $1.7600 |
| Oct 7, 2019 | $1.7600 |
| Jun 25, 2019 | $1.7600 |
| Mar 26, 2019 | $1.7600 |