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Vail Resorts, Inc. logo

Vail Resorts, Inc.

MTN

NYSEConsumer CyclicalGambling, Resorts & Casinos

Open in GoAI

Previous close

$152.81

+$2.59 · +1.72%

Aug 21, 4:00 PM ET

MTN company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

83

Deep Value

Momentum

62

Gaining

Sentiment

67

Bullish

Risk resilience

61

Moderate Risk

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Vail Resorts, Inc., operating through its various subsidiary entities, oversees a portfolio of mountain resorts and urban ski areas located across the United States. The company's business activities are structured into three distinct segments: Mountain, Lodging, and Real Estate. The Mountain division is responsible for managing 37 prominent mountain destinations and regional ski facilities. This segment also handles a range of complementary services, including ski instruction, dining establishments, retail and equipment rental operations, and real estate brokerage. The Lodging segment encompasses the ownership and/or management of numerous luxury hotels, condominiums, and other accommodation options, particularly those under the RockResorts brand. Additionally, it oversees condominiums situated near Vail's mountain resorts, operates various destination resorts and golf courses, and furnishes ground transportation services within its resort areas. The Real Estate segment concentrates on the acquisition, development, and sale of property assets. Formed in 1997, Vail Resorts, Inc. maintains its corporate headquarters in Broomfield, Colorado.

Industry
Gambling, Resorts & Casinos
Sector
Consumer Cyclical
Headquarters
US
CEO
Robert A. Katz
Listed since
Feb 4, 1997
Employees
6,800

Market position

Day range

Current $152.81

52-week range

Current $152.81

Open
$152.47
Previous close
$150.22
Volume
481.19K
0.63× average
Average volume
760.1K
Average daily volume
Market cap
5.45B USD
Beta
0.71
Market reference 1
50-day average
$145.28
+5.18% above average
200-day average
$138.22
+10.56% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
8.59B USD
P/E (TTM)
35.29×
P/B (TTM)
9.95×
P/S (TTM)
1.92×
EV / EBITDA
9.86×
Earnings yield
5.02%
Free cash flow yield
5.73%
Dividend yield
5.81%

Profitability & efficiency

Gross margin
55.55%
Operating margin
24.13%
Net margin
6.29%
Return on equity
65.96%
Return on assets
4.85%
Return on invested capital
8.74%

Financial health

Debt / equity
5.9×
Current ratio
0.63×
Altman Z-score
1.62
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends51%35%19%3%Gross margin, FY2021: 43.46%Gross margin, FY2022: 46.58%Gross margin, FY2023: 42.26%Gross margin, FY2024: 42.61%Gross margin, FY2025: 42.78%Operating margin, FY2021: 13.67%Operating margin, FY2022: 23.82%Operating margin, FY2023: 17.46%Operating margin, FY2024: 16.94%Operating margin, FY2025: 18.89%Net margin, FY2021: 6.69%Net margin, FY2022: 13.77%Net margin, FY2023: 9.20%Net margin, FY2024: 8.01%Net margin, FY2025: 9.45%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 43.46%. Gross margin FY2022 46.58%. Gross margin FY2023 42.26%. Gross margin FY2024 42.61%. Gross margin FY2025 42.78%. Operating margin FY2021 13.67%. Operating margin FY2022 23.82%. Operating margin FY2023 17.46%. Operating margin FY2024 16.94%. Operating margin FY2025 18.89%. Net margin FY2021 6.69%. Net margin FY2022 13.77%. Net margin FY2023 9.20%. Net margin FY2024 8.01%. Net margin FY2025 9.45%.

Income trends

Revenue

2.96B USD+2.74%

Operating income

559.96M USD+14.55%

Net income

280M USD+21.16%
Income trends across reported periods3.25B USD2.11B USD978.8M USD−155.8M USDRevenue, FY2021: 1.91B USDRevenue, FY2022: 2.53B USDRevenue, FY2023: 2.89B USDRevenue, FY2024: 2.89B USDRevenue, FY2025: 2.96B USDOperating income, FY2021: 261.02M USDOperating income, FY2022: 601.73M USDOperating income, FY2023: 504.42M USDOperating income, FY2024: 488.85M USDOperating income, FY2025: 559.96M USDNet income, FY2021: 127.85M USDNet income, FY2022: 347.92M USDNet income, FY2023: 265.83M USDNet income, FY2024: 231.11M USDNet income, FY2025: 280M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.91B USD. Revenue FY2022 2.53B USD. Revenue FY2023 2.89B USD. Revenue FY2024 2.89B USD. Revenue FY2025 2.96B USD. Operating income FY2021 261.02M USD. Operating income FY2022 601.73M USD. Operating income FY2023 504.42M USD. Operating income FY2024 488.85M USD. Operating income FY2025 559.96M USD. Net income FY2021 127.85M USD. Net income FY2022 347.92M USD. Net income FY2023 265.83M USD. Net income FY2024 231.11M USD. Net income FY2025 280M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue2.96B USD2.89B USD2.89B USD2.53B USD1.91B USD
Cost of goods sold1.7B USD1.66B USD1.67B USD1.35B USD1.08B USD
Gross profit1.27B USD1.23B USD1.22B USD1.18B USD830.05M USD
Selling, general, and administrative433.71M USD410.03M USD389.47M USD347.49M USD296.99M USD
Operating expenses708.19M USD740.41M USD716.71M USD574.9M USD569.03M USD
Interest income————586K USD
Interest expense171.63M USD164.6M USD155.45M USD148.18M USD151.4M USD
Depreciation and amortization296.44M USD279.07M USD269.18M USD252.39M USD252.59M USD
Operating income559.96M USD488.85M USD504.42M USD601.73M USD261.02M USD
Net income280M USD231.11M USD265.83M USD347.92M USD127.85M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
27%
3 beats, 8 misses, 0 met estimates
Average EPS surprise
-1.51%
11 comparable reports
Latest EPS result
8.81
Estimate 8.94 · Miss by 1.45%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates11.85.7-0.39-6.49Q4 '24BeatQ1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26Estimate
Q4 2024, reported Dec 9, 2024: actual -4.61, estimate -5.01, surprise +7.98%, Beat. Q1 2025, reported Mar 10, 2025: actual 6.56, estimate 6.29, surprise +4.29%, Beat. Q2 2025, reported Jun 5, 2025: actual 10.54, estimate 10.04, surprise +4.98%, Beat. Q3 2025, reported Sep 29, 2025: actual -5.08, estimate -4.72, surprise -7.63%, Miss. Q4 2025, reported Dec 10, 2025: actual -5.2, estimate -5.16, surprise -0.78%, Miss. Q1 2026, reported Mar 9, 2026: actual 5.87, estimate 6.06, surprise -3.14%, Miss. Q2 2026, reported Jun 8, 2026: actual 8.81, estimate 8.94, surprise -1.45%, Miss. Q3 2026, reported Sep 28, 2026: actual —, estimate -5.23, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.39B994.39M603.35M212.31MQ4 '24BeatQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Dec 9, 2024: actual 260.28M USD, estimate 249.78M USD, surprise +4.20%, Beat. Q1 2025, reported Mar 10, 2025: actual 1.14B USD, estimate 1.14B USD, surprise -0.34%, Miss. Q2 2025, reported Jun 5, 2025: actual 1.3B USD, estimate 1.3B USD, surprise -0.44%, Miss. Q3 2025, reported Sep 29, 2025: actual 271.29M USD, estimate 274.36M USD, surprise -1.12%, Miss. Q4 2025, reported Dec 10, 2025: actual 271.03M USD, estimate 277.59M USD, surprise -2.36%, Miss. Q1 2026, reported Mar 9, 2026: actual 1.08B USD, estimate 1.1B USD, surprise -1.04%, Miss. Q2 2026, reported Jun 8, 2026: actual 1.21B USD, estimate 1.2B USD, surprise +0.14%, Beat. Q3 2026, reported Sep 28, 2026: actual —, estimate 275.63M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

48 ratings
Strong buy00%
Buy2348%
Hold2042%
Sell510%
Strong sell00%

Recent analyst actions

12 institutions
Goldman SachsdowngradeBuySell

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$8.88

2025 complete year+26.1% since 2019

2026 partial: $4.44

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jun 25, 2026

$2.22

Quarterly

Record Jun 25, 2026 · Payment Jul 9, 2026

Dividend

Ex-dividend Mar 26, 2026

$2.22

Quarterly

Record Mar 26, 2026 · Payment Apr 9, 2026

Dividend

Ex-dividend Dec 30, 2025

$2.22

Irregular

Record Dec 30, 2025 · Payment Jan 12, 2026

Dividend

Ex-dividend Oct 9, 2025

$2.22

Quarterly

Record Oct 9, 2025 · Payment Oct 27, 2025

Dividend

Ex-dividend Jun 24, 2025

$2.22

Quarterly

Record Jun 24, 2025 · Payment Jul 9, 2025

Dividend

Ex-dividend Mar 27, 2025

$2.22

Quarterly

Record Mar 27, 2025 · Payment Apr 10, 2025

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ETFs holding MTN

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core S&P Mid-Cap ETF logoiShares Core S&P Mid-Cap ETFIJH
Market value
180.71M
Weight
0.14%
AUM
125.92B USD
Expense ratio
0.05%
Price / 1D
$76.77+0.52%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
169.32M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Fidelity High Dividend ETF logoFidelity High Dividend ETFFDVV
Market value
148.04M
Weight
1.42%
AUM
10.16B USD
Expense ratio
0.15%
Price / 1D
$63.13+0.13%
Schwab U.S. Dividend Equity ETF logoSchwab U.S. Dividend Equity ETFSCHD
Market value
146.19M
Weight
0.13%
AUM
112B USD
Expense ratio
0.06%
Price / 1D
$35.11+0.80%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
122.38M
Weight
0.07%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
77.72M
Weight
0.11%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.18+0.68%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
61.33M
Weight
0.06%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
Capital Group U.S. Small and Mid Cap ETF logoCapital Group U.S. Small and Mid Cap ETFCGMM
Market value
45.25M
Weight
1.33%
AUM
3.4B USD
Expense ratio
0.51%
Price / 1D
$33.09+0.67%

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