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Vail Resorts

MTN

Vail Resorts is a leading global mountain resort operator that provides world-class outdoor recreation experiences through a network of destination mountain resorts and regional ski areas.

Market cap
$5.26B-16.6%
Revenue$2.8B-4.3%
Net income$727.4M+11.5%
Free cash flow$460.5M-36.6%
EPS (diluted)$19.94+15.9%
Trailing twelve months · change vs. prior year

Earnings

Next report

Sep 24, 2026 (in 2 months)
Revenue estimate$275.3M
EPS estimate-$5.23

Financials

Q3 2026

Income statement

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Revenue$1.2B-7.0%
Operating income$494.1M-14.5%
Net income$314.4M-19.3%
EPS (diluted)$8.81-15.8%

Balance sheet

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Cash & equivalents$387.3M-19.4%
Total debt$3.3B+10.9%
Total equity$551.7M-37.1%
Total assets$5.7B-1.1%

Cash flow

See full
Operating cash flow$6.8M-94.1%
CapEx$35.1M+5.5%

Valuation & ratios

Valuation

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Market cap$5.26B-16.6%
Enterprise value$8.14B-4.5%
P/E7.2×
P/S1.9×-0.2×

Returns & leverage

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Debt / equity5.9×+2.6×
Current ratio0.9×+0.3×

Competitors

Profile

Vail Resorts is a leading global mountain resort operator that provides world-class outdoor recreation experiences through a network of destination mountain resorts and regional ski areas. The company leverages a data-driven business model centered on advance-commitment pass products to drive customer loyalty and revenue stability. Its core value proposition integrates mountain operations with luxury lodging, retail, and real estate development to offer a comprehensive year-round resort experience.

Competitive position

Vail Resorts is a dominant player in the North American ski industry, owning five of the top ten most visited resorts in the U.S. and operating the largest year-round resort in North America.

GeographiesUnited States, Canada, Australia, Switzerland
Customer segmentsHigh-net-worth individuals, Outdoor enthusiasts, Corporate groups, Families
Business modelSubscription-based access, Asset-heavy operations, B2C services, Concession-based operations
SuppliersPublic land agencies (U.S. Forest Service, National Park Service), State and provincial governments, Lift and snowmaking equipment manufacturers, Outdoor apparel and gear wholesalers
CustomersIndividual recreational travelers, Corporate event organizers, Real estate development firms
Listed1997
Employees56.4K
CEORobert A. Katz
FilingsSEC EDGAR

Questions, answered.

What is Vail Resorts's market cap?
Vail Resorts (MTN) has a market capitalization of $5.3B and trades on NYSE.
What is Vail Resorts's revenue and profitability?
Vail Resorts generated $2.8B in trailing twelve-month revenue with net income of $727.4M, representing a net margin of 12.8%, with free cash flow of $460.5M. These figures are based on the Q2 2026 filing.
Who are Vail Resorts's competitors?
Vail Resorts's key competitors include Aramark, Marriott International, Travel + Leisure Co., and others. These companies compete in similar markets and product categories.
Who does Vail Resorts partner with?
Vail Resorts's notable partners include Telluride Ski Resort, Canyons Village Management Association, National Forest Foundation, and others.
What subsidiaries does Vail Resorts have?
Vail Resorts's subsidiaries include Whistler Blackcomb, RockResorts, Grand Teton Lodge Company, and others.
Where is Vail Resorts headquartered?
Vail Resorts is headquartered in United States of America and employs approximately 56,400 people. It has been publicly traded since 1997.