Vail Resorts (MTN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Vail Resorts

NYSE•Consumer Cyclical•Resorts & Casinos

$140.12+2.05(0.01%)Pre-market

Market Cap

$4.98B

P/E

32.7x

P/S

1.8x

P/B

9.0x

Vail Resorts, Inc., together with its subsidiaries, operates mountain resorts and regional ski areas in the United States and internationally. It operates in three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates destination mountain resorts and regional ski areas. This segment is also involved in ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities. Its lodging segment owns and manages various luxury hotels and condominiums under the RockResorts brand; operates other lodging properties and various condominiums; and offers resort ground transportation services. The Real Estate segment owns, develops, and sells real estate properties. Vail Resorts, Inc. was founded in 1962 and is based in Broomfield, Colorado.

How this company scores

AverageMetricSide Score: 44/100

Strongest: Profitability (19/25); weakest: Growth (7/25).

Profitability19/25

Growth7/25

Balance Sheet & Red Flags9/25

Cash & Earnings Quality9/25

Strengths

Strong marginsHigh ROEInterest easily coveredImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 32.7x5y range 18.2x – 98.0x

Currently near its 20-quarter median.

P/S · 1.8x5y range 1.6x – 7.1x

Currently below its 20-quarter median.

P/B · 9.0x5y range 5.6x – 33.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $4.98B

Metrics at a Glance

as of April 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.83B
Q. Revenue: $1.21B
TTM EBITDA: $727.52M
TTM Op. Income: $425.75M
Q. Op. Income: $494.13M
TTM Net Income: $152.23M
Q. Net Income: $314.44M
EPS: $8.82
Shares Out.: $35.63M

$2.83B in TTM revenue declined 4.3% YoY, reaching $1.21B last quarter. TTM EBITDA of $727.52M and TTM operating income of $425.75M show growth is flowing through to the bottom line. TTM net income of $152.23M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 2 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 47.4%
Op. Margin: 41.0%
Net Margin: 26.1%

Op. margin of 41.0% is down 3.9% YoY — costs are rising relative to revenue. Net margin at 26.1% Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 32.7x
P/S Ratio: 1.8x
P/B Ratio: 9.0x

At 32.7x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 1.8x and P/B of 9.0x provide additional context. P/E sits above typical market levels while revenue growth is below 5%. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $5.69B
Cash: $371.37M
Long-Term Debt: $3.02B
Book Value: $551.73M
D/E Ratio: 5.5
Debt/EBITDA: 5.3

With $5.69B in assets and $3.02B in long-term debt, D/E is 5.5and book value is $551.73M — elevated leverage, meaning significant financial risk in a downturn. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $6.82M
TTM Free Cash Flow: $173.53M
FCF Margin: 6.1%
FCF / Net Income: 1.1

TTM FCF of $173.53M on $6.82M in operating cash flow. The FCF / Net Income ratio of 1.1x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.