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

$146.57-1.66(-0.01%)After hours

Market Cap

$5.41B

P/E

36.7x

P/S

1.9x

P/B

22.5x

Vail Resorts, Inc., together with its subsidiaries, operates mountain resorts and regional ski areas in the United States and internationally. The company 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. The 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

WeakMetricSide Score: 33/100

Strongest: Profitability (14/25); weakest: Balance Sheet & Red Flags (4/25).

Profitability14/25

Growth6/25

Balance Sheet & Red Flags4/25

Cash & Earnings Quality9/25

Strengths

High ROENo share dilution

Valuation vs. 5-year range

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

P/E · 36.7x5y range 18.2x – 98.0x

Currently above its 20-quarter median.

P/S · 1.9x5y range 1.5x – 7.1x

Currently below its 20-quarter median.

P/B · 22.5x5y 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 $5.41B

Metrics at a Glance

as of July 2026

Revenue & Profit

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

TTM Revenue: $2.84B
Q. Revenue: $278.07M
TTM EBITDA: $726.15M
TTM Op. Income: $420.54M
Q. Op. Income: $-208.81M
TTM Net Income: $147.53M
Q. Net Income: $-190.16M
EPS: $-5.336
Shares Out.: $35.64M

$2.84B in TTM revenue declined 4.3% YoY, reaching $278.07M last quarter. TTM EBITDA of $726.15M and TTM operating income of $420.54M show growth is flowing through to the bottom line. TTM net income of $147.53M means revenue is converting into profit. Over the past year, TTM revenue is down 4% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: -46.0%
Op. Margin: -75.1%
Net Margin: -68.4%

Op. margin of -75.1% is down 0.0% YoY — costs are rising relative to revenue. Net margin at -68.4% Over the past year, operating margin is down 0% — a weakening trend.

Price Ratios

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

P/E Ratio: 36.7x
P/S Ratio: 1.9x
P/B Ratio: 22.5x

At 36.7x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 1.9x and P/B of 22.5x 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 3 consecutive quarters — a weakening trend.

Assets & Liabilities

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

Total Assets: $5.53B
Cash: $231.35M
Long-Term Debt: $3.10B
Book Value: $240.53M
D/E Ratio: 12.9
Debt/EBITDA: N/A

With $5.53B in assets and $3.10B in long-term debt, D/E is 12.9and book value is $240.53M — elevated leverage, meaning significant financial risk in a downturn. Over the past year, debt/equity is up 111% — a weakening trend.

Cash Flow

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

Op. Cash Flow: $-103.04M
TTM Free Cash Flow: $248.00M
FCF Margin: 8.7%
FCF / Net Income: 1.7

TTM FCF of $248.00M on $-103.04M in operating cash flow. The FCF / Net Income ratio of 1.7x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 22% — an improving trend.