Vail Resorts, Inc. financials
Source: EDGAR filings · Built 2026-10-01T00:18:50Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 248.00M | 319.68M | 377.82M | 322.94M | 517.68M | 410.15M |
| EBITDA | 726.15M | 856.40M | 767.92M | 773.60M | 854.12M | 513.60M |
| Working Capital | -220.52M | -617.84M | -204.58M | 77.42M | 680.68M | 767.18M |
| Net Debt | 3.63B | 3.43B | 3.15B | 2.87B | 2.27B | 2.28B |
| Operating Margin | 14.82% | 18.89% | 16.94% | 17.46% | 23.82% | 13.67% |
| Net Margin | 5.20% | 9.45% | 8.01% | 9.20% | 13.77% | 6.69% |
| Return on Equity (ROE) | 61.34% | 65.96% | 32.55% | 26.48% | 21.58% | 8.02% |
| Return on Assets (ROA) | 2.67% | 4.85% | 4.06% | 4.47% | 5.51% | 2.05% |
| Current Ratio | 0.80× | 0.63× | 0.82× | 1.07× | 1.61× | 1.78× |
| Debt-to-Equity | 16.04× | 9.11× | 4.89× | 3.42× | 2.09× | 2.21× |
| Effective Tax Rate | 24.77% | 25.95% | 27.31% | 23.66% | 19.43% | 0.58% |
| Cash Conversion Ratio | 3.25× | 1.98× | 2.55× | 2.40× | 2.04× | 4.11× |
| Accruals Ratio | -0.06× | -0.05× | -0.06× | -0.06× | -0.06× | -0.06× |
| SBC % of Revenue | 0.99% | 1.15% | 0.93% | 0.88% | 0.99% | 1.28% |
| CapEx Coverage | 2.07× | 2.36× | 2.79× | 2.03× | 3.68× | 4.56× |
| Free Cash Flow Per Share | $6.93 | $8.59 | $9.95 | $8.12 | $12.72 | $10.05 |
Income Statement
| Concept | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenues | 2.84B | 2.96B | 2.89B | 2.89B | 2.53B | 1.91B |
| Operating Income (Loss) | 420.54M | 559.96M | 488.85M | 504.42M | 601.73M | 261.02M |
| Income Tax Expense (Benefit) | 56.21M | 104.42M | 92.78M | 87.64M | 88.82M | 726.00K |
| Net Income (Loss) Attributable to Parent | 147.53M | 280.00M | 231.10M | 265.82M | 347.92M | 127.85M |
| Earnings Per Share, Basic | $4.13 | $7.54 | $6.10 | $6.70 | $8.60 | $3.17 |
| Weighted Average Number of Shares Outstanding, Basic | 35.73M | 37.16M | 37.87M | 39.65M | 40.47M | 40.30M |
| Earnings Per Share, Diluted | $4.12 | $7.53 | $6.09 | $6.69 | $8.55 | $3.13 |
| Weighted Average Number of Shares Outstanding, Diluted | 35.79M | 37.20M | 37.96M | 39.76M | 40.69M | 40.83M |
Balance Sheet
| Concept | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 231.35M | 440.29M | 322.83M | 562.98M | 1.11B | 1.24B |
| Assets, Current | 876.47M | 1.05B | 901.96M | 1.21B | 1.79B | 1.75B |
| Assets | 5.53B | 5.78B | 5.69B | 5.95B | 6.32B | 6.25B |
| Long-term Debt | 3.18B | 3.19B | 2.79B | 2.83B | 2.81B | 2.95B |
| Liabilities, Current | 1.10B | 1.67B | 1.11B | 1.13B | 1.11B | 978.40M |
| Long-term Debt, Excluding Current Maturities | 3.10B | 2.59B | 2.73B | 2.75B | 2.67B | 2.74B |
| Liabilities | 4.97B | 5.02B | 4.66B | 4.61B | 4.47B | 4.42B |
| Stockholders' Equity Attributable to Parent | 240.53M | 424.50M | 709.93M | 1.00B | 1.61B | 1.59B |
Cash Flow Statement
| Concept | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 479.63M | 554.87M | 589.02M | 637.86M | 710.50M | 525.25M |
| Net Cash Provided by (Used in) Investing Activities | -265.96M | -204.50M | -241.07M | -273.17M | -347.92M | -103.33M |
| Payments for Repurchase of Common Stock | 45.00M | 270.00M | 150.00M | 500.00M | 75.01M | 0 |
| Payments of Dividends | 317.13M | 328.17M | 323.68M | 314.35M | 225.79M | 0 |
| Net Cash Provided by (Used in) Financing Activities | -421.04M | -242.65M | -577.04M | -914.00M | -493.14M | 434.66M |
Derived Metrics
| Concept | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -153.03M | 401.03M | 429.27M | 244.27M | -225.67M | 545.35M |
| EBITDA | -127.89M | 571.35M | 419.40M | -136.70M | -124.58M | 653.84M |
| Working Capital | -220.52M | -92.48M | -500.65M | -889.36M | -617.84M | -628.85M |
| Net Debt | 3.63B | 2.89B | 2.79B | 2.84B | 3.43B | 2.49B |
| Operating Margin | -75.09% | 41.00% | 31.83% | -77.42% | -73.37% | 44.60% |
| Net Margin | -68.38% | 26.09% | 19.37% | -68.90% | -66.67% | 30.08% |
| Return on Equity (ROE) | -79.06% | 56.99% | 69.58% | -119.36% | -42.60% | 44.43% |
| Return on Assets (ROA) | -3.44% | 5.53% | 3.75% | -3.24% | -3.13% | 6.78% |
| Current Ratio | 0.80× | 0.91× | 0.62× | 0.54× | 0.63× | 0.61× |
| Debt-to-Equity | 16.04× | 5.90× | 10.52× | 21.84× | 9.11× | 3.38× |
| Effective Tax Rate | 23.50% | 23.69% | 24.25% | 23.58% | 22.04% | 24.03% |
| Cash Conversion Ratio | 0.54× | 1.85× | 2.74× | -1.69× | 0.94× | 1.86× |
| Accruals Ratio | -0.02× | -0.05× | -0.07× | -0.09× | -0.00× | -0.06× |
| SBC % of Revenue | 2.70% | 1.71% | 1.22% | 2.30% | 4.71% | 1.64% |
| CapEx Coverage | -2.06× | 3.21× | 3.93× | 4.41× | -3.03× | 4.04× |
| Free Cash Flow Per Share | $-4.28 | $11.24 | $12.00 | $6.80 | $-6.07 | $14.63 |
Income Statement
| Concept | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Revenues | 278.07M | 1.21B | 1.08B | 271.03M | 271.29M | 1.30B |
| Operating Income (Loss) | -208.81M | 494.13M | 345.05M | -209.82M | -199.05M | 577.77M |
| Income Tax Expense (Benefit) | -61.09M | 105.63M | 72.29M | -60.62M | -53.22M | 130.07M |
| Net Income (Loss) Attributable to Parent | -190.16M | 314.44M | 210.01M | -186.75M | -180.86M | 389.74M |
| Earnings Per Share, Basic | $-5.31 | $8.82 | $5.87 | $-5.20 | $-4.79 | $10.47 |
| Weighted Average Number of Shares Outstanding, Basic | 35.73M | 35.63M | 35.75M | 35.91M | 37.16M | 37.24M |
| Earnings Per Share, Diluted | $-5.31 | $8.81 | $5.87 | $-5.20 | $-4.79 | $10.46 |
| Weighted Average Number of Shares Outstanding, Diluted | 35.79M | 35.69M | 35.78M | 35.91M | 37.20M | 37.28M |
Balance Sheet
| Concept | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 231.35M | 371.37M | 384.74M | 581.47M | 440.29M | 467.03M |
| Assets, Current | 876.47M | 952.22M | 822.72M | 1.05B | 1.05B | 999.41M |
| Assets | 5.53B | 5.69B | 5.60B | 5.76B | 5.78B | 5.75B |
| Long-term Debt | 3.18B | 3.02B | 2.93B | 3.17B | 3.19B | 2.71B |
| Liabilities, Current | 1.10B | 1.04B | 1.32B | 1.94B | 1.67B | 1.63B |
| Long-term Debt, Excluding Current Maturities | 3.10B | — | — | — | 2.59B | 2.11B |
| Liabilities | 4.97B | 4.77B | 4.96B | 5.30B | 5.02B | 4.53B |
| Stockholders' Equity Attributable to Parent | 240.53M | 551.73M | 301.82M | 156.46M | 424.50M | 877.17M |
Cash Flow Statement
| Concept | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -103.04M | 582.67M | 575.85M | 315.94M | -169.73M | 724.60M |
| Net Cash Provided by (Used in) Investing Activities | -87.02M | -178.94M | -146.00M | -71.67M | -49.02M | -155.48M |
| Payments for Repurchase of Common Stock | 0 | 45.00M | 45.00M | 0 | 200.00M | 30.00M |
| Payments of Dividends | 79.11M | 238.02M | 158.92M | 79.81M | 79.71M | 248.46M |
| Net Cash Provided by (Used in) Financing Activities | 66.21M | -487.25M | -493.16M | -100.98M | 193.07M | -435.72M |
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (MTN CIK 0000812011),
grouped by financial statement using FASB's base
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For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.