MTN
Vail Resorts Inc
NYSE: MTN · CONSUMER CYCLICAL · RESORTS & CASINOS
$122.16
-3.55% today
Updated 2026-04-29
Market cap
$4.24B
P/E ratio
18.95
P/S ratio
1.45x
EPS (TTM)
$6.28
Dividend yield
7.19%
52W range
$119 – $165
Volume
0.9M
Vail Resorts Inc (MTN) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $838.85M | $940.54M | $1.15B | $976.99M | $894.80M | $1.17B | $1.02B | $1.12B | $1.25B | $1.40B | $1.60B | $1.91B | $2.01B | $2.27B | $1.96B | $1.91B | $2.53B | $2.89B | $2.89B | $2.96B |
| Revenue growth (YoY) | — | +12.1% | +22.5% | -15.2% | -8.4% | +30.4% | -12.2% | +9.4% | +11.9% | +11.6% | +14.4% | +19.1% | +5.5% | +12.9% | -13.6% | -2.7% | +32.3% | +14.4% | -0.1% | +2.7% |
| Cost of revenue | $642.49M | $722.15M | $881.53M | $762.58M | $720.33M | $951.50M | $836.02M | $896.61M | $994.17M | $878.68M | $943.50M | $1.09B | $1.14B | $1.30B | $1.19B | $1.08B | $1.35B | $1.67B | $1.66B | $1.70B |
| Gross profit | $196.37M | $218.39M | $270.62M | $214.41M | $174.47M | $215.54M | $188.38M | $224.19M | $260.47M | $521.25M | $657.78M | $821.18M | $867.34M | $974.25M | $776.02M | $830.04M | $1.18B | $1.22B | $1.23B | $1.27B |
| Gross margin | 23.4% | 23.2% | 23.5% | 21.9% | 19.5% | 18.5% | 18.4% | 20.0% | 20.8% | 37.2% | 41.1% | 43.1% | 43.1% | 42.9% | 39.5% | 43.5% | 46.6% | 42.3% | 42.6% | 42.8% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | — | — | — | — | — | $951.50M | $836.02M | $134.75M | $155.70M | $179.75M | $208.99M | $236.80M | $251.81M | $274.42M | $278.69M | $296.99M | $347.49M | $389.46M | $410.03M | $433.71M |
| Operating income | $105.34M | $128.21M | $176.00M | $106.13M | $69.31M | $94.47M | $59.33M | $96.95M | $117.26M | $210.51M | $282.98M | $379.26M | $408.82M | $476.27M | $223.39M | $261.02M | $601.73M | $504.42M | $488.85M | $559.96M |
| Operating margin | 12.6% | 13.6% | 15.3% | 10.9% | 7.7% | 8.1% | 5.8% | 8.7% | 9.3% | 15.0% | 17.7% | 19.9% | 20.3% | 21.0% | 11.4% | 13.7% | 23.8% | 17.5% | 16.9% | 18.9% |
| EBITDA | $196.53M | $217.94M | $290.47M | $215.96M | $181.95M | $207.12M | $188.26M | $230.88M | $248.67M | $349.69M | $446.47M | $591.70M | $607.78M | $696.58M | $472.73M | $529.17M | $857.74M | $795.04M | $783.43M | $870.46M |
| EBITDA margin | 23.4% | 23.2% | 25.2% | 22.1% | 20.3% | 17.7% | 18.4% | 20.6% | 19.8% | 25.0% | 27.9% | 31.0% | 30.2% | 30.7% | 24.1% | 27.7% | 34.0% | 27.5% | 27.2% | 29.4% |
| EBIT | $110.44M | $130.28M | $196.68M | $108.74M | $71.31M | $89.16M | $60.68M | $98.19M | $108.07M | $200.57M | $284.99M | $402.54M | $403.32M | $478.46M | $223.15M | $276.58M | $605.34M | $525.86M | $504.35M | $574.02M |
| Interest expense | $32.18M | $24.33M | $30.67M | $27.55M | $17.52M | $33.64M | $33.59M | $38.97M | $64.00M | $51.24M | $42.37M | $54.09M | $63.23M | $79.50M | $106.72M | $151.40M | $148.18M | $155.45M | $164.60M | $171.63M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $45.76M | $61.40M | $102.93M | $48.95M | $30.39M | $34.49M | $16.45M | $37.74M | $28.48M | $114.75M | $149.75M | $210.55M | $379.90M | $301.16M | $98.83M | $127.85M | $347.92M | $265.82M | $231.10M | $280.00M |
| Net income growth (YoY) | — | +34.2% | +67.6% | -52.4% | -37.9% | +13.5% | -52.3% | +129.4% | -24.5% | +303.0% | +30.5% | +40.6% | +80.4% | -20.7% | -67.2% | +29.4% | +172.1% | -23.6% | -13.1% | +21.2% |
| Profit margin | 5.5% | 6.5% | 8.9% | 5.0% | 3.4% | 3.0% | 1.6% | 3.4% | 2.3% | 8.2% | 9.4% | 11.0% | 18.9% | 13.3% | 5.0% | 6.7% | 13.8% | 9.2% | 8.0% | 9.4% |