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Vail Resorts MTN Construction in progress

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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$5.3B-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 us-gaap:ConstructionInProgressGross.

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 itemApril 30, 2026July 31, 2025April 30, 2025
Machinery and equipment2,262,7012,117,8652,108,353
Furniture and fixtures371,911349,921348,399
Software220,444189,982189,120
Vehicles101,19996,50496,580
Construction in progress61,929114,35782,984
Gross property, plant and equipment5,604,3715,385,4345,337,289
Accumulated depreciation(3,233,210)(3,010,780)(2,954,589)
Property, plant and equipment, net$2,371,161$2,374,654$2,382,700

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

FAQ

What is Vail Resorts's construction in progress?
Vail Resorts (MTN) reported construction in progress of $61.93M in Q1 2026.
How has Vail Resorts's construction in progress changed year-over-year?
Vail Resorts's construction in progress decreased by 25.4% year-over-year, from $82.98M to $61.93M.
What is the long-term trend for Vail Resorts's construction in progress?
Over 4 years (2021 to 2025), Vail Resorts's construction in progress has grown at a 14.0% compound annual growth rate (CAGR), from $67.71M to $114.36M.
What does construction in progress mean?
Costs accumulated for facilities, equipment, or infrastructure projects under construction — not yet placed in service or generating revenue.

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