Vail Resorts Inc (MTN) Financial Statements
Industry: Miscellaneous Amusement & Recreation (Services)
In fiscal 2026, Vail Resorts reported revenue of $2.84B, down 4.3% from $2.96B the year before. Net income was $147.5M (a 5.2% net margin), or $4.12 per diluted share. Operating margin was 14.8%. Operating activities generated $479.6M of cash, leaving $248.0M of free cash flow. At fiscal year end, Vail Resorts held $5.53B in total assets against $4.97B in total liabilities, including $231.3M of cash and equivalents.
Open the full interactive Vail Resorts financials → Quarterly statements, key ratios, valuation history and price charts.
Vail Resorts Key Stats
| Share Price | $152.57 |
|---|---|
| Market Cap | $5.46B |
| P/E Ratio | 37.0 |
| Dividend Yield | 5.81% |
| Revenue YoY Growth | -4.3% |
| 52-Week Range | $115.39 – $157.55 |
| Shares Outstanding | 35.7 million (basic, 2026 Q4) |
Vail Resorts Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $1.91B | $2.53B | $2.89B | $2.89B | $2.96B | $2.84B |
| Operating Income | $261.0M | $601.7M | $505.1M | $491.4M | $560.0M | $420.5M |
| Pre-Tax Income | $125.2M | $457.2M | $373.5M | $345.1M | $402.4M | $227.0M |
| Income Tax | $726,000 | $88.8M | $88.4M | $98.8M | $104.4M | $56.2M |
| Net Income | $127.8M | $347.9M | $268.1M | $230.4M | $280.0M | $147.5M |
| Diluted EPS | $3.13 | $8.55 | $6.74 | $6.07 | $7.53 | $4.12 |
Vail Resorts Quarterly Results
| 2026 Q1 | 2026 Q2 | 2026 Q3 | 2026 Q4 | |
|---|---|---|---|---|
| Revenue | $271.0M | $1.08B | $1.21B | $278.1M |
| Net Income | -$186.8M | $210.0M | $314.4M | -$190.2M |
| Diluted EPS | -$5.20 | $5.87 | $8.81 | -$5.31 |
Vail Resorts Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.24B | $1.11B | $563.0M | $322.8M | $440.3M | $231.3M |
| Current Assets | $1.75B | $1.79B | $1.21B | $911.4M | $1.05B | $876.5M |
| Total Assets | $6.25B | $6.32B | $5.95B | $5.70B | $5.78B | $5.53B |
| Current Liabilities | $978.4M | $1.11B | $1.13B | $1.11B | $1.67B | $1.10B |
| Total Long-Term Debt | $2.85B | $2.73B | $2.82B | $2.78B | $3.19B | $3.19B |
| Total Liabilities | $4.42B | $4.47B | $4.61B | $4.66B | $5.02B | $4.97B |
| Shareholders' Equity | $1.59B | $1.61B | $1.00B | $723.5M | $424.5M | $240.5M |
Vail Resorts Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $525.2M | $710.5M | $639.6M | $586.8M | $554.9M | $479.6M |
| Cash From Investing | -$103.3M | -$347.9M | -$273.2M | -$241.1M | -$204.5M | -$266.0M |
| Cash From Financing | $434.7M | -$493.1M | -$915.7M | -$574.8M | -$242.6M | -$421.0M |
| Free Cash Flow | $410.2M | $517.7M | $324.7M | $375.6M | $319.7M | $248.0M |
| Dividends Paid | $0 | $225.8M | $314.4M | $323.7M | $328.2M | $317.1M |
Figures from Vail Resorts' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Vail Resorts financials page for every line item.
Vail Resorts Company Profile
| Ticker | MTN |
|---|---|
| Exchange | NYSE |
| Industry | Miscellaneous Amusement & Recreation (Services) |
| Headquarters | Broomfield, Colorado |
| Incorporated in | Delaware |
| Fiscal Year End | July 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000812011 |
Frequently Asked Questions
What was Vail Resorts' revenue in fiscal 2026?
Vail Resorts (MTN) reported revenue of $2.84B for fiscal 2026.
What is Vail Resorts' annual revenue history?
Vail Resorts' annual revenue by fiscal year: 2021: $1.91B; 2022: $2.53B; 2023: $2.89B; 2024: $2.89B; 2025: $2.96B; 2026: $2.84B.
What was Vail Resorts' net income in fiscal 2026?
Vail Resorts reported net income of $147.5M for fiscal 2026.
What was Vail Resorts' earnings per share (EPS) in fiscal 2026?
Vail Resorts' diluted EPS was $4.12 for fiscal 2026 (adjusted for any later stock splits).
How much free cash flow did Vail Resorts generate in fiscal 2026?
Vail Resorts generated $248.0M of free cash flow in fiscal 2026.
What was Vail Resorts' revenue last quarter?
In its most recent reported quarter (2026 Q4), Vail Resorts reported revenue of $278.1M.
How much debt does Vail Resorts have?
Vail Resorts reported $3.19B of long-term debt, including the current portion, at the end of fiscal 2026.
How many shares of Vail Resorts are outstanding?
Vail Resorts reported a weighted average of 35.7 million basic shares outstanding in 2026 Q4.
What is Vail Resorts' market cap?
Based on its latest closing price, Vail Resorts (MTN) has a market capitalization of about $5.46B.
When does Vail Resorts' fiscal year end?
Vail Resorts' fiscal year end, as registered with the SEC, is July 31.
Where is Vail Resorts headquartered?
Vail Resorts lists its business address in Broomfield, Colorado in its SEC filings.
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