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Vail Resorts MTN Real Estate Operating Expense — Real Estate Cost of sales

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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%

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 mtn:RealEstateCostOfSales.

The official record: Vail Resorts’s 10-K, filed September 29, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Vail Resorts's real estate operating expense — real estate cost of sales?
Vail Resorts (MTN) reported real estate operating expense — real estate cost of sales of $0 in Q2 2025.
How has Vail Resorts's real estate operating expense — real estate cost of sales changed year-over-year?
Vail Resorts's real estate operating expense — real estate cost of sales decreased by 100.0% year-over-year, from $901.75K to $0.
What is the long-term trend for Vail Resorts's real estate operating expense — real estate cost of sales?
Over 2 years (2023 to 2025), Vail Resorts's real estate operating expense — real estate cost of sales has grown at a -100.0% compound annual growth rate (CAGR), from $5.15M to $0.
What does real estate operating expense — real estate cost of sales mean?
This metric measures the direct costs incurred to generate revenue from real estate transactions, such as the acquisition, construction, or development costs of properties sold. It serves as a key indicator of the direct profitability of the real estate segment by isolating the variable costs tied to specific property sales. Analyzing this figure allows investors to evaluate the gross margins achieved on real estate development projects.