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Vail Resorts MTN Operating Income

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Other financials

Income statement

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Revenue$1.2B-7.0%
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$5.23B-5.6%
Enterprise value$8.11B-15.0%
P/E7.2×
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 us-gaap:OperatingIncomeLoss.

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, 2026Nine Months Ended April 30, 2025Nine Months Ended April 30, 20262025
Gain on sale of real property4007,89811,45824,404
Change in estimated fair value of contingent consideration (Note 7)(13,500)(1,900)(14,439)(4,079)
(Loss) gain on disposal of fixed assets and other, net(118)2,323(6,053)1,087
Income from operations494,128577,772629,355759,014
Mountain equity investment income, net4586663893,562
Investment income and other, net2,6203,1549,1688,668
Foreign currency (loss) gain on intercompany loans(34)1,7028453
Interest expense, net(51,318)(41,905)(152,081)(127,372)

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

FAQ

What is Vail Resorts's operating income?
Vail Resorts (MTN) reported operating income of $494.13M in Q1 2026.
How has Vail Resorts's operating income changed year-over-year?
Vail Resorts's operating income decreased by 14.5% year-over-year, from $577.77M to $494.13M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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