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Vail Resorts MTN Real Estate Revenue

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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 mtn:RealEstateRevenue.

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
Mountain and Lodging services and other$1,043,884$1,115,031$2,160,491$2,259,172
Mountain and Lodging retail and dining161,209180,412399,441433,537
Resort net revenue1,205,0931,295,4432,559,9322,692,709
Real Estate82115204349
Total net revenue1,205,1751,295,5582,560,1362,693,058
Operating expense (exclusive of depreciation and amortization shown separately below):
Mountain and Lodging operating expense459,875483,1611,214,2211,245,010
Mountain and Lodging retail and dining cost of products sold56,70159,206143,471156,164

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

FAQ

What is Vail Resorts's real estate revenue?
Vail Resorts (MTN) reported real estate revenue of $82K in Q1 2026.
How has Vail Resorts's real estate revenue changed year-over-year?
Vail Resorts's real estate revenue decreased by 28.7% year-over-year, from $115K to $82K.
What is the long-term trend for Vail Resorts's real estate revenue?
Over 4 years (2021 to 2025), Vail Resorts's real estate revenue has grown at a -29.6% compound annual growth rate (CAGR), from $1.77M to $435K.
What does real estate revenue mean?
This metric measures revenue generated from the development, sale, or leasing of real estate assets associated with resort properties. It reflects the company's ability to monetize land holdings and capitalize on property development opportunities. Unlike recurring resort revenue, this stream can be more cyclical and project-dependent.

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