For fiscal 2026 (ended Jul 31, 2026), Vail Resorts Inc. reported $2.84B of revenue and $147.53M of net income.
MTN revenue was $278.07M in fiscal Q4 2026 (ended Jul 31, 2026), up 2.5% from a year earlier and down 76.9% from the prior quarter. For the full fiscal 2026 it was $2.84B, down 4.3% from fiscal 2025. Compound annual growth was +8.2% over 5 years and +5.9% over 10 years. It rose in 6 of the last 10 fiscal years.
MTN net income was -$190.16M in fiscal Q4 2026 (ended Jul 31, 2026), compared with -$180.86M a year earlier. For the full fiscal 2026 it was $147.53M, down 47.3% from fiscal 2025. Compound annual growth was +2.9% over 5 years and -0.1% over 10 years. It rose in 5 of the last 10 fiscal years.
MTN diluted EPS was -$5.36 in fiscal Q4 2026 (ended Jul 31, 2026), compared with -$4.84 a year earlier. For the full fiscal 2026 it was $4.12, down 45.3% from fiscal 2025. Compound annual growth was +5.7% over 5 years and +0.3% over 10 years.
MTN free cash flow was -$153.03M in fiscal Q4 2026 (ended Jul 31, 2026), compared with -$225.67M a year earlier. For the full fiscal 2026 it was $248.00M, down 22.4% from fiscal 2025. Compound annual growth was -9.6% over 5 years and -2.7% over 10 years. It rose in 5 of the last 10 fiscal years.
| Line item | Jul 31, 2026 | Jul 31, 2025 | Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | Jul 31, 2019 | Jul 31, 2018 | Jul 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.84B | $2.96B | $2.89B | $2.89B | $2.53B | $1.91B | $1.96B | $2.27B | $2.01B | $1.91B |
| Operating income | $420.54M | $559.96M | $488.85M | $504.42M | $601.73M | $261.02M | $223.39M | $476.27M | $408.82M | $379.26M |
| Interest expense | $205.62M | $171.63M | $164.60M | $155.45M | $148.18M | $151.40M | $106.72M | $79.50M | $63.23M | $54.09M |
| Pre-tax income | $226.96M | $402.40M | $339.75M | $370.42M | $457.16M | $125.18M | $116.43M | $398.96M | $340.09M | $348.45M |
| Income tax | $56.21M | $104.42M | $92.78M | $87.64M | $88.82M | $726.0K | $7.38M | $75.47M | -$61.14M | $116.73M |
| Net income | $147.53M | $280.00M | $231.10M | $265.82M | $347.92M | $127.85M | $98.83M | $301.16M | $379.90M | $210.55M |
| EPS, basic | $4.13 | $7.54 | $6.10 | $6.70 | $8.60 | $3.17 | $2.45 | $7.46 | $9.40 | $5.36 |
| EPS, diluted | $4.12 | $7.53 | $6.09 | $6.69 | $8.55 | $3.13 | $2.42 | $7.32 | $9.13 | $5.22 |
| Diluted shares | 35.8M | 37.2M | 38.0M | 39.8M | 40.7M | 40.8M | 40.8M | 41.2M | 41.6M | 40.4M |
| Line item | Jul 31, 2026 | Jul 31, 2025 | Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | Jul 31, 2019 | Jul 31, 2018 | Jul 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $231.35M | $440.29M | $337.06M | $573.09M | $1.13B | $1.26B | $402.09M | $118.39M | $185.04M | $127.66M |
| Short-term investments | $37.11M | $0 | - | - | - | - | - | - | - | - |
| Receivables | $355.31M | $382.37M | $375.75M | $381.07M | $383.43M | $345.41M | $106.66M | $270.90M | $230.83M | $186.91M |
| Inventory | $134.63M | $117.18M | $118.99M | $132.55M | $108.72M | $80.32M | $101.86M | $96.54M | $85.59M | $84.81M |
| Current assets | $876.47M | $1.05B | $901.96M | $1.21B | $1.79B | $1.75B | $665.09M | $527.94M | $538.74M | $433.07M |
| Goodwill | $1.67B | $1.68B | $1.68B | $1.72B | $1.75B | $1.78B | $1.71B | $1.61B | $1.48B | $1.52B |
| Total assets | $5.53B | $5.78B | $5.69B | $5.95B | $6.32B | $6.25B | $5.24B | $4.43B | $4.06B | $4.11B |
| Current liabilities | $1.10B | $1.67B | $1.11B | $1.13B | $1.11B | $978.40M | $603.47M | $719.13M | $593.62M | $604.56M |
| Short-term debt | $83.91M | $599.51M | $59.31M | $69.16M | $63.75M | $114.12M | $63.68M | $48.52M | $38.45M | $38.40M |
| Long-term debt | $3.10B | $2.59B | $2.73B | $2.75B | $2.67B | $2.74B | $2.39B | $1.53B | $1.23B | $1.23B |
| Total debt | $3.19B | $3.19B | $2.79B | $2.82B | $2.73B | $2.85B | $2.45B | $1.58B | $1.27B | $1.27B |
| Total liabilities | $4.97B | $5.02B | $4.66B | $4.61B | $4.47B | $4.42B | $3.71B | $2.70B | $2.25B | $2.31B |
| Shareholders' equity | $240.53M | $424.50M | $1.02B | $1.32B | $1.84B | $1.83B | $1.53B | $1.73B | $1.81B | $1.80B |
| Line item | Jul 31, 2026 | Jul 31, 2025 | Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | Jul 31, 2019 | Jul 31, 2018 | Jul 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $479.63M | $554.87M | $589.02M | $637.86M | $710.50M | $525.25M | $394.95M | $634.23M | $548.49M | $470.98M |
| Capital expenditures | $231.63M | $235.19M | $211.20M | $314.91M | $192.82M | $115.10M | $172.33M | $192.03M | $140.61M | $144.43M |
| Free cash flow | $248.00M | $319.68M | $377.82M | $322.94M | $517.68M | $410.15M | $222.62M | $442.20M | $407.88M | $326.55M |
| Investing cash flow | -$265.96M | -$204.50M | -$241.07M | -$273.17M | -$347.92M | -$103.33M | -$492.74M | -$596.03M | -$134.58M | -$676.66M |
| Financing cash flow | -$421.04M | -$242.65M | -$577.04M | -$914.00M | -$493.14M | $434.66M | $376.23M | -$99.56M | -$350.71M | $255.62M |
| Dividends paid | $317.13M | $328.17M | $323.68M | $314.35M | $225.79M | $0 | $212.73M | $260.57M | $204.16M | $146.24M |
| Share repurchases | $45.00M | $270.00M | $150.00M | $500.00M | $75.01M | $0 | $46.42M | $85.00M | $25.80M | $210.0K |
| Stock-based compensation | $28.16M | $33.96M | $26.80M | $25.41M | $24.89M | $24.39M | $21.02M | $19.86M | $19.04M | $18.32M |
| Depreciation and amortization | $305.61M | $296.44M | $279.07M | $269.18M | $252.39M | $252.59M | $249.57M | $218.12M | $204.46M | $189.16M |
| Line item | Jul 31, 2026 | Jul 31, 2025 | Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | Jul 31, 2019 | Jul 31, 2018 | Jul 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -4.3% | 2.7% | -0.1% | 14.4% | 32.3% | -2.7% | -13.6% | 12.9% | 5.5% | 19.1% |
| Net income growth, YoY | -47.3% | 21.2% | -13.1% | -23.6% | 172.1% | 29.4% | -67.2% | -20.7% | 80.4% | 40.6% |
| EPS growth, YoY | -45.3% | 23.6% | -9.0% | -21.8% | 173.2% | 29.3% | -66.9% | -19.8% | 74.9% | 30.2% |
| Operating margin | 14.8% | 18.9% | 16.9% | 17.5% | 23.8% | 13.7% | 11.4% | 21.0% | 20.3% | 19.9% |
| Net margin | 5.2% | 9.4% | 8.0% | 9.2% | 13.8% | 6.7% | 5.0% | 13.3% | 18.9% | 11.0% |
| Free cash flow margin | 8.7% | 10.8% | 13.1% | 11.2% | 20.5% | 21.5% | 11.3% | 19.5% | 20.3% | 17.1% |
| Return on equity | 61.3% | 66.0% | 22.5% | 20.1% | 19.0% | 7.0% | 6.5% | 17.4% | 21.0% | 11.7% |
| Return on assets | 2.7% | 4.8% | 4.1% | 4.5% | 5.5% | 2.0% | 1.9% | 6.8% | 9.3% | 5.1% |
| Current ratio | 0.80 | 0.63 | 0.82 | 1.07 | 1.61 | 1.78 | 1.10 | 0.73 | 0.91 | 0.72 |
| Debt to equity | 13.25 | 7.52 | 2.72 | 2.13 | 1.49 | 1.56 | 1.60 | 0.91 | 0.70 | 0.71 |
| Line item | Jul 31, 2026 | Apr 30, 2026 | Jan 31, 2026 | Oct 31, 2025 | Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $278.07M | $1.21B | $1.08B | $271.03M | $271.29M | $1.30B | $1.14B | $260.27M | $265.39M | $1.28B | $1.08B | $258.56M |
| Operating income | -$208.81M | $494.13M | $345.05M | -$209.82M | -$199.05M | $577.77M | $383.17M | -$201.93M | -$201.28M | $546.63M | $350.55M | -$207.06M |
| Interest expense | $53.54M | $51.32M | $49.48M | $51.29M | $44.26M | $41.91M | $42.67M | $42.80M | $43.43M | $39.85M | $40.59M | $40.73M |
| Pre-tax income | -$259.96M | $445.85M | $298.13M | -$257.07M | -$241.53M | $541.39M | $342.88M | -$240.35M | -$239.99M | $510.66M | $317.29M | -$248.21M |
| Income tax | -$61.09M | $105.63M | $72.29M | -$60.62M | -$53.22M | $130.07M | $85.96M | -$58.38M | -$58.83M | $129.28M | $87.49M | -$65.16M |
| Net income | -$190.16M | $314.44M | $210.01M | -$186.75M | -$180.86M | $389.74M | $244.38M | -$173.25M | -$174.68M | $362.00M | $219.30M | -$175.51M |
| EPS, basic | -$5.36 | $8.82 | $5.87 | -$5.20 | -$4.85 | $10.47 | $6.54 | -$4.62 | -$4.65 | $9.57 | $5.78 | -$4.60 |
| EPS, diluted | -$5.36 | $8.81 | $5.87 | -$5.20 | -$4.84 | $10.46 | $6.53 | -$4.62 | -$4.61 | $9.54 | $5.76 | -$4.60 |
| Diluted shares | - | 35.7M | 35.8M | 35.9M | - | 37.3M | 37.4M | 37.5M | - | 37.9M | 38.0M | 38.1M |
| Line item | Jul 31, 2026 | Apr 30, 2026 | Jan 31, 2026 | Oct 31, 2025 | Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $231.35M | $371.37M | $384.74M | $581.47M | $440.29M | $467.03M | $488.21M | $403.77M | $337.06M | $705.43M | $812.16M | $728.86M |
| Short-term investments | $37.11M | - | - | - | $0 | - | - | - | - | - | - | - |
| Receivables | $355.31M | $356.92M | $160.05M | $97.53M | $382.37M | $335.90M | $123.55M | $130.16M | $375.75M | $342.92M | $138.27M | $105.55M |
| Inventory | $134.63M | $129.07M | $141.38M | $154.38M | $117.18M | $114.57M | $131.97M | $152.94M | $118.99M | $107.81M | $134.84M | $157.71M |
| Current assets | $876.47M | $952.22M | $822.72M | $1.05B | $1.05B | $999.41M | $838.47M | $844.66M | $901.96M | $1.23B | $1.18B | $1.13B |
| Goodwill | $1.67B | $1.70B | $1.70B | $1.66B | $1.68B | $1.68B | $1.63B | $1.67B | $1.68B | $1.68B | $1.70B | $1.67B |
| Total assets | $5.53B | $5.69B | $5.60B | $5.76B | $5.78B | $5.75B | $5.52B | $5.63B | $5.69B | $5.81B | $5.85B | $5.76B |
| Current liabilities | $1.10B | $1.04B | $1.32B | $1.94B | $1.67B | $1.63B | $1.78B | $1.36B | $1.11B | $1.04B | $1.23B | $1.36B |
| Short-term debt | $83.91M | - | - | $525.00M | $599.51M | $525.00M | $525.00M | $57.05M | $59.31M | $68.47M | $69.14M | $69.66M |
| Long-term debt | $3.10B | $2.95B | $2.86B | $2.58B | $2.59B | $2.12B | $2.13B | $2.72B | $2.73B | $2.70B | $2.72B | $2.73B |
| Total debt | $3.19B | $2.95B | $2.86B | $3.11B | $3.19B | $2.64B | $2.65B | $2.78B | $2.79B | $2.77B | $2.79B | $2.80B |
| Total liabilities | $4.97B | $4.77B | $4.96B | $5.30B | $5.02B | $4.53B | $4.72B | $4.90B | $4.66B | $4.49B | $4.70B | $4.83B |
| Shareholders' equity | $240.53M | $551.73M | $644.79M | $468.05M | $424.50M | $877.17M | $800.87M | $731.27M | $1.02B | $1.00B | $1.15B | $928.18M |
| Line item | Jul 31, 2026 | Apr 30, 2026 | Jan 31, 2026 | Oct 31, 2025 | Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$103.04M | $6.82M | $259.91M | $315.94M | -$169.73M | $115.43M | $326.42M | $282.75M | -$91.99M | $109.85M | $242.66M | $328.50M |
| Capital expenditures | $49.98M | $35.06M | $74.91M | $71.67M | $55.94M | $33.22M | $75.01M | $71.02M | $56.09M | $24.82M | $76.91M | $53.38M |
| Free cash flow | -$153.03M | -$28.24M | $185.00M | $244.27M | -$225.67M | $82.21M | $251.41M | $211.73M | -$148.08M | $85.03M | $165.75M | $275.12M |
| Investing cash flow | -$87.02M | -$32.94M | -$74.33M | -$71.67M | -$49.02M | -$27.46M | -$57.01M | -$71.01M | -$150.18M | -$24.81M | -$71.64M | $5.57M |
| Financing cash flow | $66.21M | $5.90M | -$392.18M | -$100.98M | $193.07M | -$132.49M | -$170.60M | -$132.63M | -$143.60M | -$182.26M | -$97.57M | -$153.61M |
| Dividends paid | $79.11M | $79.11M | $79.10M | $79.81M | $79.71M | $82.48M | $82.83M | $83.14M | $83.22M | $83.79M | $78.21M | $78.47M |
| Share repurchases | $0 | $0 | $45.00M | $0 | $200.00M | $30.00M | $20.00M | $20.00M | $25.00M | $75.00M | $0 | $50.00M |
| Stock-based compensation | $7.52M | $7.44M | $6.96M | $6.24M | $12.78M | $6.97M | $7.53M | $6.69M | $6.55M | $6.12M | $7.34M | $6.80M |
| Depreciation and amortization | $80.92M | $77.22M | $74.35M | $73.12M | $74.47M | $76.07M | $74.35M | $71.54M | $74.46M | $68.49M | $69.40M | $66.73M |
| Line item | Jul 31, 2026 | Apr 30, 2026 | Jan 31, 2026 | Oct 31, 2025 | Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 2.5% | -7.0% | -4.7% | 4.1% | 2.2% | 1.0% | 5.5% | 0.7% | -1.6% | 3.6% | -2.2% | -7.5% |
| Net income growth, YoY | - | -19.3% | -14.1% | - | - | 7.7% | 11.4% | - | - | 11.4% | 5.1% | - |
| EPS growth, YoY | - | -15.8% | -10.1% | - | - | 9.6% | 13.4% | - | - | 16.6% | 11.6% | - |
| Operating margin | -75.1% | 41.0% | 31.8% | -77.4% | -73.4% | 44.6% | 33.7% | -77.6% | -75.8% | 42.6% | 32.5% | -80.1% |
| Net margin | -68.4% | 26.1% | 19.4% | -68.9% | -66.7% | 30.1% | 21.5% | -66.6% | -65.8% | 28.2% | 20.3% | -67.9% |
| Free cash flow margin | -55.0% | -2.3% | 17.1% | 90.1% | -83.2% | 6.3% | 22.1% | 81.3% | -55.8% | 6.6% | 15.4% | 106.4% |
| Current ratio | 0.80 | 0.91 | 0.62 | 0.54 | 0.63 | 0.61 | 0.47 | 0.62 | 0.82 | 1.18 | 0.96 | 0.83 |
| Debt to equity | 13.25 | 5.35 | 4.43 | 6.64 | 7.52 | 3.01 | 3.31 | 3.80 | 2.72 | 2.76 | 2.43 | 3.02 |
Source: XBRL data Vail Resorts Inc. files with the SEC, latest filing dated Sep 28, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| MTN | $2.84B | -4.3% | $147.53M | 5.2% | $5.66B |
| DIS | $98.86B | +4.6% | $8.60B | 8.7% | $201.59B |
| LYV | $27.88B | +13.5% | $151.08M | 0.5% | $41.29B |
| TKO | $5.54B | +19.8% | $287.24M | 5.2% | $36.02B |
| WMG | $7.30B | +12.9% | $672.00M | 9.2% | $16.37B |
| LLYVK | $451.16M | +28.3% | -$50.39M | -11.2% | $9.78B |
| LLYVA | $451.16M | +28.3% | -$50.39M | -11.2% | $9.40B |
| MSGS | $1.16B | +13.1% | -$14.58M | -1.3% | $9.36B |
| DKNG | $6.41B | +17.4% | -$378.83M | -5.9% | $9.19B |