Vail Resorts
MTN NYSE· Hotels, Resorts & Cruise Lines
Last close · Oct 27, 2026
$151.46
KIRA · Stoqly’s AI analyst, in plain words
- Vail Resorts had $2.8B of revenue in fiscal 2026, down 4.3% on the year before. Over five years, revenue changed +8.3% a year on average.
- Its operating margin was 14.8%, down 4.1 pts: of every 100 in sales, about 15 is left after running the business.
- Vail Resorts made $148M of net profit in fiscal 2026. From fiscal 2017 to 2026, diluted EPS grew −2.6% a year.
- Free cash flow was $248M in fiscal 2026, 8.7% of revenue.
- Vail Resorts returned $362M to shareholders in fiscal 2026, 146% of free cash flow. The diluted share count fell 3.8%.
- Vail Resorts owes $3.4B more than it holds in cash, about 4.6 years of operating profit.
Market cap
$5.4B
P/E
—
Revenue
$2.8B
Net income
$148M
Free cash flow
$248M
Operating margin
14.8%
Vail Resorts in 30 seconds · fiscal 2026
Are sales growing?
−4.3%
No. Sales fell 4.3% last year.
Does it make a profit?
5.2%
A little. It keeps 5.2% of every sale as profit.
Does profit turn into cash?
8.7%
Partly. 8.7% of sales ends up as free cash.
Is debt under control?
4.6x
Heavy. Repaying its debt would take 4.6 years of operating profit.
How healthy are the accounts?
5 / 8
Mixed. It passes 5 of 8 health tests.
What Vail Resorts does
No business description yet.
- Fiscal year ends
- July 31, 2026
- Latest annual report
- 10-K · Sep 28, 2026
- Legal name
- VAIL RESORTS, INC.
- CIK
- 0000812011
Vail Resorts · MTN
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $2.5B | $2.9B | $2.9B | $3.0B | $2.8B |
| Revenue growth | 32.3% | 14.4% | −0.1% | 2.7% | −4.3% |
| Operating margin | 23.8% | 17.5% | 16.9% | 18.9% | 14.8% |
| Net income | $348M | $266M | $231M | $280M | $148M |
| Net margin | 13.8% | 9.2% | 8.0% | 9.5% | 5.2% |
| Diluted EPS | $8.55 | $6.69 | $6.09 | $7.53 | $4.12 |
| Cash | |||||
| Cash from operations | $711M | $638M | $589M | $555M | $480M |
| Capital expenditure | $193M | $315M | $211M | $235M | $232M |
| Free cash flow | $518M | $323M | $378M | $320M | $248M |
| FCF margin | 20.5% | 11.2% | 13.1% | 10.8% | 8.7% |
| Dividends paid | $226M | $314M | $324M | $328M | $317M |
| Share buybacks | $75.0M | $500M | $150M | $270M | $45.0M |
| Share count change | −0.4% | −2.3% | −4.5% | −2.0% | −3.8% |
| Debt and strength | |||||
| Cash and short-term investments | $1.1B | $563M | $323M | $440M | $269M |
| Debt incl. finance leases | $3.2B | $3.2B | $3.2B | $3.6B | $3.6B |
| Shareholders' equity | $1.6B | $1.0B | $710M | $425M | $241M |
| Net debt / EBITDA | 2.4x | 3.4x | 3.8x | 3.7x | 4.6x |
| Current ratio | 1.6x | 1.1x | 0.8x | 0.6x | 0.8x |
| Interest coverage | 4.1x | 3.2x | 3.0x | 3.3x | 2.1x |
| Returns and quality | |||||
| Return on capital | 12.5% | 9.8% | 9.0% | 10.6% | 8.1% |
| Return on equity | 21.7% | 20.3% | 27.0% | 49.4% | 44.4% |
| Piotroski F-score | 7 | 5 | 5 | 6 | 5 |
| Altman Z'' | 2.2 | 1.4 | 1.0 | 0.5 | 0.7 |
Insiders bought, 12 months
$5.0M
2 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Vail Resorts · MTN
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Vail Resorts MTN | $5.4B | −4.3% | 14.8% | 8.7% | 8.1% | — | 5 |
| Sabre SABR | $623M | 1.0% | 10.7% | −6.9% | 8.9% | 1.0x | 5 |
| Travel + Leisure TNL | $4.3B | 4.1% | 13.8% | 13.0% | 8.5% | 18.2x | — |
| Marriott Vacations Worldwide VAC | $4.2B | 1.3% | — | −0.6% | — | — | — |
| Choice Hotels CHH | $5.0B | 0.8% | 28.1% | 10.2% | 19.5% | 15.4x | 6 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $151.46 a share, the company is worth $5.4B.
Vail Resorts grew sales faster than 0 of its 4 similar companies.
Source: SEC EDGAR XBRL filings (CIK 0000812011). Data updated October 23, 2026. For information only — not investment advice. Check the original filings before relying on any figure.