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Vail Resorts MTN Retail/Rental — Mountain Revenue Net

Other product segments

Lift
$729.38M-5.3%
Ski School
$141.76M-11.5%
Dining
$99.14M-10.7%
Other
$55.29M-3.7%

Similar metrics at other companies

American Assets Trust logo
AATRetail — Rental expenses
$3.61M-13.7%
Realty Income logo
ORetail — Rental (including reimbursements)
$1.11B+5.1%
Cousins Properties logo
CUZRental property revenues — Variable rental revenue
$73.7M+6.8%
Great Elm Group, Inc. logo
GEGReal Estate Rental Income — Revenue
$40K-70.6%
Toll Brothers logo
TOLMountain — Revenue
$568.68M-24.8%
Knife River logo
KNFMountain — Revenue
$81.24M+23.1%

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
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:
Owned hotel rooms$12,861$15,104$54,049$56,618

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

FAQ

What is Vail Resorts's retail/rental — mountain revenue net?
Vail Resorts (MTN) reported retail/rental — mountain revenue net of $104.21M in Q1 2026.
How has Vail Resorts's retail/rental — mountain revenue net changed year-over-year?
Vail Resorts's retail/rental — mountain revenue net decreased by 8.3% year-over-year, from $113.68M to $104.21M.
What is the long-term trend for Vail Resorts's retail/rental — mountain revenue net?
Over 4 years (2021 to 2025), Vail Resorts's retail/rental — mountain revenue net has grown at a 7.3% compound annual growth rate (CAGR), from $227.99M to $302.45M.
What does retail/rental — mountain revenue net mean?
This metric represents the net revenue generated from the retail sale of winter sports equipment and the rental of ski and snowboard gear at mountain resort locations. It reflects the consumer demand for on-site equipment services and retail goods, serving as a key indicator of ancillary spending by resort guests. This revenue stream is highly correlated with seasonal visitation volumes and the overall participation levels in mountain-based recreational activities.

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