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Vail Resorts MTN Dining — Mountain Revenue Net

Other product segments

Lift
$729.38M-5.3%
Ski School
$141.76M-11.5%
Retail/Rental
$104.21M-8.3%
Other
$55.29M-3.7%

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TOLMountain — Cost of revenues
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TOLMountain — Other income – net
$1.18M+12.6%

Other financials

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

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Operating cash flow$6.8M-94.1%
CapEx$35.1M+5.5%
Free cash flow$185.0M-26.4%

Valuation

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Market cap$5.3B-3.4%
Enterprise value$8.19B-13.8%
P/E7.3×
P/S1.9×0.0×

Profitability

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Operating margin21.5%
Net margin12.8%
FCF margin10.2%

Returns & leverage

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Return on equity17.5%
Debt / equity5.9×+2.6×
Current ratio0.9×+0.3×

Where this comes from

Reported directly by Vail Resorts in its filing.

Tagged under the XBRL concept mtn:MountainRevenueNet.

The source filing: Vail Resorts’s 10-Q, filed June 8, 2026.

Filed
Jun 8, 2026, 4:07 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0000812011-26-000026
Line itemThree Months Ended April 30, 2026Three Months Ended April 30, 2025Nine Months Ended April 30, 2026Nine Months Ended April 30, 2025
Mountain net revenue:
Lift$729,378$770,259$1,404,948$1,455,600
Ski School141,758160,243270,269300,091
Dining99,142110,972203,554222,507
Retail/Rental104,211113,678261,014278,363
Other55,28957,397187,536192,378
Total Mountain net revenue$1,129,778$1,212,549$2,327,321$2,448,939
Lodging net revenue:

Item 6. [Exhibits](#iaa9b09eeb9264d47a42ebc1774906a57_127) [43](#iaa9b09eeb9264d47a42ebc1774906a57_127)

FAQ

What is Vail Resorts's dining — mountain revenue net?
Vail Resorts (MTN) reported dining — mountain revenue net of $99.14M in Q1 2026.
How has Vail Resorts's dining — mountain revenue net changed year-over-year?
Vail Resorts's dining — mountain revenue net decreased by 10.7% year-over-year, from $110.97M to $99.14M.
What is the long-term trend for Vail Resorts's dining — mountain revenue net?
Over 4 years (2021 to 2025), Vail Resorts's dining — mountain revenue net has grown at a 27.1% compound annual growth rate (CAGR), from $92.19M to $240.9M.
What does dining — mountain revenue net mean?
This metric represents the net revenue generated specifically from food and beverage operations located within mountain resort properties. It captures the financial performance of on-mountain dining facilities, including restaurants, cafes, and concessions that serve guests during winter and summer resort activities. Tracking this revenue stream provides insight into the ancillary spending behavior of resort visitors beyond lift tickets and lodging.

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