Vail Resorts (MTN) Stock Price, Financials & Analysis

Key Stats

Market Cap5.67 Bn

P/E38.43

FCF (Yr)248.00 Mn

ROA (Yr)3.02

EV to EBIT9.66

Net Income (Yr)170.74 Mn

Enterprise Value4.06 Bn

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About

Vail Resorts, Inc. operates a portfolio of mountain resorts, lodging properties and real estate developments primarily in North America and select international locations. The company’s core business is to provide ski and summer recreation experiences alongside lodging and real estate services to guests visiting its resort destinations. Revenue comes from the sale of lift tickets and season pass products, ski and snowboard lessons, equipment rentals, retail merchandise,…

Revenue comes from the sale of lift tickets and season pass products, ski and snowboard lessons, equipment rentals, retail merchandise, dining and beverage sales, lodging room rates, golf course fees and proceeds from the sale of land parcels to developers. The company serves individual skiers and families, conference and group travelers and visitors seeking vacation or recreational experiences.

The company operates through the following segments: Mountain, Lodging and Real Estate.

Mountain segment operates 42 destination mountain resorts and regional ski areas offering lift ticket sales, season pass products, ski and snowboard lessons, equipment rentals, retail merchandise, dining venues and a range of winter and summer recreational activities. It also leases space to third party operators to provide additional restaurants and retail at resort bases.
Lodging segment owns and manages luxury hotels and condominiums under the RockResorts brand, other strategic lodging properties, National Park Service concessioner properties, a ground transportation company and golf courses located near the resorts.
Real estate segment acquires, develops and sells land parcels in and around resort communities to third party developers and pursues planning for future development projects.

Vail Resorts, Inc. ranks among the largest operators of ski resorts in North America holding a significant share of total skier visits and competing with destinations such as Aspen Snowmass, Deer Valley, Jackson Hole and other major mountain resorts. Its competitive strengths include a broad geographic footprint, a leading multi resort pass program that encourages repeat visitation, substantial investments in snowmaking and lift infrastructure and a reputation for high quality service and amenities. These factors help the company maintain stable revenue and attract both local and destination guests.

The company’s customers include individual skiers and snowboarders, families, conference and meeting groups and travelers seeking vacation or recreational experiences at its mountain and lodging properties.

How Vail Resorts ranks

Ranked against the 48 companies in Gaming and Leisure58 metrics · as of Nov 6, 2026

Valuation

12 metrics · Lower multiples rank higher; a negative multiple ranks last

P/E 38.4xMedian 21.1x 61^st
P/FCF 22.8xMedian 12.2x 49^th
P/Operating cash flow 11.8xMedian 8.64x 41^st
P/S 1.99xMedian 1.89x 48^th
P/B 10.1xMedian 2.24x 12^th
P/Tangible book 21.4xMedian 3.33x 4^th
EV/EBITDA 11.8xMedian 10.9x 50^th
EV/EBIT 20.4xMedian 16.7x 55^th
EV/Revenue 3.02xMedian 2.41x 43^rd
EV/FCF 34.5xMedian 20.1x 50^th
EV/Operating cash flow 17.9xMedian 13.0x 43^rd
PEG (3Y EPS CAGR)EPS is not growing −2.58Median 0.52 Not meaningful —

Growth

14 metrics · Year-on-year growth and three-year compound annual growth

Revenue growth (1Y) −4.3%Median 4.9% 10^th
Revenue CAGR (3Y) −0.6%Median 5.8% 16^th
Gross profit growth (1Y) —Median 6.2% No data —
Gross profit CAGR (3Y) —Median 8.1% No data —
Operating income growth (1Y) −24.9%Median −6.8% 28^th
Operating income CAGR (3Y) −5.9%Median −5.4% 46^th
Net income growth (1Y) −42.7%Median 0.2% 29^th
Net income CAGR (3Y) −15.5%Median −9.9% 46^th
EPS growth (1Y) −45.2%Median 8.6% 29^th
EPS CAGR (3Y) −14.9%Median 11.6% 35^th
Operating cash flow growth (1Y) −13.6%Median −4.7% 32^nd
Operating cash flow CAGR (3Y) −9.1%Median 1.6% 33^rd
Free cash flow growth (1Y) −22.4%Median 14.7% 34^th
Free cash flow CAGR (3Y) −8.4%Median 0.8% 36^th

Profitability

14 metrics · Margins, returns on capital and the quality of earnings

Gross margin —Median 49.1% No data —
EBITDA margin 25.6%Median 14.0% 72^nd
Operating margin 14.8%Median 5.4% 72^nd
Pretax margin 8.0%Median 0.1% 68^th
Net margin 5.2%Median −0.1% 68^th
FCF margin 8.7%Median 5.3% 66^th
Operating cash flow margin 16.9%Median 14.3% 68^th
Return on equity 23.2%Median −1.1% 79^th
Return on assets 3.0%Median −0.7% 64^th
Return on invested capital 8.2%Median 8.2% 52^nd
Return on capital employed 9.3%Median 4.0% 67^th
Asset turnover 0.51xMedian 0.50x 55^th
Cash conversion (OCF / net income) 2.81xMedian 2.33x 77^th
Stock comp / revenue 1.0%Median 1.2% 69^th

Financial Health

11 metrics · Leverage, liquidity and solvency; less debt ranks higher

Debt / assets 57.7%Median 43.3% 33^rd
Debt / equity 5.72xMedian 1.09x 12^th
Net debt / EBITDA 4.02xMedian 3.80x 48^th
Debt / FCF 12.8xMedian 8.63x 29^th
Liabilities / assets 89.9%Median 76.4% 38^th
Equity / assets 10.1%Median 23.6% 38^th
Interest coverage 2.05xMedian 1.57x 58^th
Current ratio 0.80xMedian 0.90x 36^th
Quick ratio 0.58xMedian 0.65x 42^nd
Cash ratio 0.24xMedian 0.41x 29^th
Altman Z-score 1.54Median 1.43 60^th

S.No.	Ticker	Company	Market Cap	P/E	P/S	Total Debt (Qtr)
1	LVS	Las Vegas Sands Corp	26.06 Bn	16.17	1.92	15.44 Bn
2	FLUT	Flutter Entertainment plc	14.35 Bn	-15.50	0.83	12.31 Bn
3	LTH	Life Time Group Holdings, Inc.	10.48 Bn	25.02	3.18	1.49 Bn
4	DKNG	DraftKings Inc.	9.19 Bn	-55.03	1.48	0.57 Bn
5	WYNN	Wynn Resorts Ltd	8.47 Bn	22.42	1.17	10.73 Bn
6	MGM	MGM Resorts International	8.13 Bn	11.72	0.46	5.67 Bn
7	MSGS	Madison Square Garden Sports Corp.	7.83 Bn	1,011.70	6.78	0.26 Bn
8	MTN	Vail Resorts Inc	5.67 Bn	38.43	2.00	3.19 Bn

S.No.

Ticker

Company

Market Cap

P/E

P/S

Total Debt (Qtr)

LVS

Las Vegas Sands Corp

26.06 Bn

16.17

1.92

15.44 Bn

FLUT

Flutter Entertainment plc

14.35 Bn

-15.50

0.83

12.31 Bn

LTH

Life Time Group Holdings, Inc.

10.48 Bn

25.02

3.18

1.49 Bn

DKNG

DraftKings Inc.

9.19 Bn

-55.03

1.48

0.57 Bn

WYNN

Wynn Resorts Ltd

8.47 Bn

22.42

1.17

10.73 Bn

MGM

MGM Resorts International

8.13 Bn

11.72

0.46

5.67 Bn

MSGS

Madison Square Garden Sports Corp.

7.83 Bn

1,011.70

6.78

0.26 Bn

MTN

Vail Resorts Inc

5.67 Bn

38.43

2.00

3.19 Bn

Vail Resorts MTN

About

Geographical Breakdown of Revenue (2026)

How Vail Resorts ranks

Valuation

Growth

Profitability

Financial Health

Shareholder Returns

Peer Comparison

Vail Resorts MTN

About

Geographical Breakdown of Revenue (2026)

How Vail Resorts ranks

Valuation

Growth

Profitability

Financial Health

Shareholder Returns

Peer Comparison

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