Vail Resorts (MTN) Operating Leases (2019 - 2026)
Vail Resorts' (MTN) quarterly Operating Leases came in at $198.4 million in Q2 2026, down 9.94% YoY from $220.3 million in Q2 2025, and down 6.37% on a QoQ basis from $211.9 million in Q1 2026.
Vail Resorts (MTN) Operating Leases (2019 - 2026) Analysis & Trends
Vail Resorts (MTN) has 8 years of Operating Leases data on file, last reported at $198.4 million in Q2 2026.
- Quarterly Operating Leases fell 9.94% year-over-year to $198.4 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $198.4 million (down 9.94% YoY) and the FY2025 annual result came in at $215.1 million, down 8.52% from the prior year.
- Operating Leases slipped to $198.4 million in Q2 2026, from $211.9 million in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $235.1 million in Q3 2024 to a low of $154.9 million in Q2 2024.
- A 5-year average of $193.9 million and a median of $186.5 million in 2022 frame the typical range for Operating Leases.
- Annual changes were most pronounced in 2024 — Operating Leases slipped 11.17% — and 2025, when it surged 42.24%.
- Tracing MTN's Operating Leases over 5 years: stood at $176.6 million in 2022, then declined by 6.3% to $165.5 million in 2023, then surged by 41.98% to $234.9 million in 2024, then slipped by 10.1% to $211.2 million in 2025, then fell by 6.05% to $198.4 million in 2026.
- The last three Operating Leases figures came in at $198.4 million (Q2 2026), $211.9 million (Q1 2026), and $211.2 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.10 Bn | 26.73 Bn | 1.81 Bn |
| 2 | MGM Resorts International | 10.94 Bn | 8.39 Bn | 3.10 Bn |
| 3 | Wynn Resorts | 10.22 Bn | 8.64 Bn | 1.14 Bn |
| 4 | Boyd Gaming | 6.06 Bn | 5.74 Bn | 766.76 Mn |
| 5 | Caesars Entertainment | 6.05 Bn | 4.99 Bn | 2.04 Bn |
| 6 | Vail Resorts | 5.35 Bn | 4.98 Bn | - |
| 7 | Marriott Vacations Worldwide | 3.84 Bn | 3.53 Bn | 1.29 Bn |
| 8 | Hilton Grand Vacations | 3.56 Bn | 3.29 Bn | 499.00 Mn |
| 9 | Red Rock Resorts | 3.54 Bn | 2.94 Bn | 420.02 Mn |
| 10 | PENN Entertainment | 2.46 Bn | 1.57 Bn | 1.02 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 198.41 Mn |
| Jan 31, 2026 | 211.90 Mn |
| Oct 31, 2025 | 211.19 Mn |
| Jul 31, 2025 | 215.09 Mn |
| Apr 30, 2025 | 220.30 Mn |
| Jan 31, 2025 | 230.48 Mn |
| Oct 31, 2024 | 234.92 Mn |
| Jul 31, 2024 | 235.11 Mn |
| Apr 30, 2024 | 154.88 Mn |
| Jan 31, 2024 | 168.72 Mn |
| Oct 31, 2023 | 165.46 Mn |
| Jul 31, 2023 | 168.33 Mn |
| Apr 30, 2023 | 174.36 Mn |
| Jan 31, 2023 | 184.30 Mn |
| Oct 31, 2022 | 176.59 Mn |
| Jul 31, 2022 | 174.57 Mn |
| Apr 30, 2022 | 176.97 Mn |
| Jan 31, 2022 | 188.80 Mn |
| Oct 31, 2021 | 192.33 Mn |
| Jul 31, 2021 | 190.56 Mn |