Vail Resorts MTN Business Segments
| TTM Q3 '26 | TTM Q2 '26 | TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | ||
|---|---|---|---|---|---|---|
| Total Reported EBITDA by Business | ||||||
| Lodging | $12.93M-39.7% | $18.42M-26.2% | $21.34M-22.7% | $22.8M-1.0% | $21.46M-12.5% | |
| Real Estate | $6.89M— | $14.24M— | $16.24M— | $19.84M— | —— | |
| Other Expenses by Business | ||||||
| Lodging Operating Expense | $102.48M+11.8% | $101.45M+5.4% | $99.05M-2.1% | $98.6M+0.9% | $91.7M-6.3% | |
| Mountain Operating Expense | $460.75M-8.6% | $467.56M-0.6% | $474.82M+11.3% | $472.78M+6.4% | $503.97M+14.7% | |
| Real Estate Operating Expense | $6.07M-5.0% | $6.26M+0.9% | $6.35M+7.2% | $6.21M+5.2% | $6.39M+10.1% | |
| General and Administrative Expense by Business | ||||||
| Lodging Operating Expense | $56.81M-6.3% | $58.92M-2.0% | $59.95M+2.1% | $60.31M+1.8% | $60.63M+0.5% | |
| Mountain Operating Expense | $384.09M+4.0% | $385.44M+5.2% | $377.33M+6.1% | $373.4M+6.4% | $369.29M+7.2% | |
| Labor and Related Expense by Business | ||||||
| Lodging Operating Expense | $134.18M-1.2% | $136.08M-2.5% | $137.49M-3.2% | $138.04M-1.3% | $135.81M-4.4% | |
| Mountain Operating Expense | $735.7M-10.5% | $753.7M+0.7% | $764.5M+14.6% | $760.96M+4.1% | $822.15M+11.9% | |
| Goodwill by Business | ||||||
| Lodging | $180.02M— | —— | —— | —— | —— | |
| Mountain | $6.56B— | —— | —— | —— | —— | |
| Lodging Revenue Net by Product | ||||||
| Dining | $64.38M-2.0% | $65.43M+0.2% | $65.8M+1.0% | $66.37M+4.9% | $65.66M+3.9% | |
| Golf | $15.65M+6.2% | $15.65M+6.2% | $15.65M+6.2% | $15.43M+13.8% | $14.73M+13.0% | |
| Lodging revenue (excluding payroll cost reimbursements) | $306.41M-3.8% | $314.87M-2.3% | $317.84M-2.3% | $319.75M0.0% | $318.55M-0.2% | |
| Managed condominium rooms | $74.24M-9.4% | $78.53M-7.3% | $79.51M-7.4% | $81.53M-5.4% | $81.91M-8.9% | |
| Other | $55.46M-0.8% | $54.79M-3.6% | $55M-4.9% | $54.92M-5.4% | $55.89M-1.9% | |
| Owned hotel rooms | $85.62M-1.4% | $87.86M+1.3% | $88.56M+1.9% | $88.18M+5.0% | $86.86M+6.3% | |
| Payroll cost reimbursements | $16.47M+12.4% | $15.59M+2.3% | $14.99M-6.1% | $14.29M-12.3% | $14.65M-8.7% | |
| Mountain Revenue Net by Product | ||||||
| Dining | $221.95M-7.7% | $233.78M-2.2% | $240.06M+4.3% | $240.9M+5.9% | $240.47M+5.8% | |
| Lift | $1.45B-3.4% | $1.49B+1.0% | $1.51B+5.2% | $1.5B+4.2% | $1.5B+3.5% | |
| Other | $268.63M+0.1% | $270.74M+1.3% | $274.73M+5.7% | $273.47M+8.4% | $268.24M+9.5% | |
| Retail/Rental | $285.1M-5.8% | $294.57M-5.7% | $303.72M-3.0% | $302.45M-4.6% | $302.67M-5.1% | |
| Ski School | $280.04M-9.5% | $298.53M-3.9% | $310.91M+2.2% | $309.86M+1.7% | $309.58M+1.6% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Vail Resorts break its business down?
- Vail Resorts (MTN) reports total reported ebitda by business across 3 parts — Lodging, Mountain and Real Estate. Each is extracted from the segment footnotes and tracked over time.
- Where does Vail Resorts's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Vail Resorts's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.