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' Operating Leases history runs 8 years deep, the most recent figure standing at $198.4 million for Q2 2026.

  • On a quarterly basis, Operating Leases fell 9.94% year-over-year to $198.4 million in Q2 2026; TTM through Apr 2026 was $198.4 million, a 9.94% decrease from a year earlier, with the FY2025 full-year figure at $215.1 million, down 8.52% from the prior year.
  • Operating Leases was $198.4 million for Q2 2026 at Vail Resorts, down from $211.9 million in the prior quarter.
  • Over the last five years, Operating Leases for MTN reached as high as $235.1 million in Q3 2024 and fell as low as $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.
  • The widest annual swing landed in 2024, when Operating Leases declined 11.17%; it then jumped 42.24% in 2025.
  • Tracing MTN's Operating Leases over 5 years: stood at $176.6 million in 2022, then dropped by 6.3% to $165.5 million in 2023, then jumped by 41.98% to $234.9 million in 2024, then decreased by 10.1% to $211.2 million in 2025, then declined by 6.05% to $198.4 million in 2026.
  • According to Business Quant data, Operating Leases over the past three periods registered $198.4 million, $211.9 million, and $211.2 million for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Wynn Resorts 10.89 Bn 10.06 Bn 1.77 Bn
2 Melco Resorts & Entertainment 6.64 Bn 6.49 Bn -
3 Boyd Gaming 6.48 Bn 6.47 Bn 742.51 Mn
4 Caesars Entertainment 5.96 Bn 5.18 Bn 2.71 Bn
5 Vail Resorts 5.17 Bn 5.17 Bn -
6 Hilton Grand Vacations 4.32 Bn 4.21 Bn 1.10 Bn
7 Red Rock Resorts 3.54 Bn 3.51 Bn 491.72 Mn
8 Marriott Vacations Worldwide 3.38 Bn 3.12 Bn 1.23 Bn
9 PENN Entertainment 2.84 Bn 2.13 Bn 971.20 Mn
10 Monarch Casino & Resort 2.34 Bn 2.22 Bn 34.95 Mn

Historic Data

Download Data
DateValue
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