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| 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 |