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Vail Resorts MTN Lodging Operating Expense — Labor and Related Expense

Other segment segments

Mountain Operating Expense
$238.35M-7.0%

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$43M-2.3%
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$24.92M+63.4%

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$5.16B-13.3%
Enterprise value$8.05B-3.7%
P/E7.1×-17.7×
P/S1.8×-0.2×

Profitability

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Operating margin21.5%+6.8pp
Net margin12.8%+6.4pp
FCF margin10.2%

Returns & leverage

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Return on equity17.5%+10.3pp
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 us-gaap:LaborAndRelatedExpense.

The official record: Vail Resorts’s 10-Q, filed June 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Vail Resorts's lodging operating expense — labor and related expense?
Vail Resorts (MTN) reported lodging operating expense — labor and related expense of $29.26M in Q1 2026.
How has Vail Resorts's lodging operating expense — labor and related expense changed year-over-year?
Vail Resorts's lodging operating expense — labor and related expense decreased by 6.1% year-over-year, from $31.15M to $29.26M.
What is the long-term trend for Vail Resorts's lodging operating expense — labor and related expense?
Over 2 years (2023 to 2025), Vail Resorts's lodging operating expense — labor and related expense has grown at a -3.7% compound annual growth rate (CAGR), from $148.92M to $138.04M.
What does lodging operating expense — labor and related expense mean?
This metric represents the total compensation and benefits costs incurred by the lodging business segment to support daily operations. It includes wages, salaries, payroll taxes, and benefits for staff directly involved in hotel and condominium management. Monitoring this figure helps investors assess the labor intensity and wage pressure within the hospitality division.