# Vail Resorts Inc. (MTN)

**Exchange:** NYSE  
**Sector:** Consumer Cyclical  
**Market cap:** $5.07B  
**Price:** $136.34 (+0.33%)

> Vail Resorts, Inc. is a mountain resort and leisure company that owns and operates a broad portfolio of ski and all-season destinations, primarily in North America and select international markets. Headquartered in Broomfield, Colorado, it manages numerous well-known resorts that offer alpine skiing, snowboarding, and a range of summer activities such as hiking and mountain biking. The company’s operations span integrated business segments that include mountain operations, lodging, and associated real estate near its resort properties, providing guests with on-mountain experiences, accommodation, dining, and related services. Vail Resorts focuses on destination and regional visitors, serving both domestic and international guests across the leisure and tourism ecosystem. Its networked portfolio and hospitality services position the company as a significant participant in the consumer cyclical sector, particularly within the resorts and casinos industry, catering to winter sports enthusiasts and year-round outdoor recreation travelers.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $2.96B | — | $560M | $280M | — |
| 2024 | $2.89B | — | $489M | $231M | — |
| 2023 | $2.89B | — | $504M | $266M | — |
| 2022 | $2.53B | — | $602M | $348M | — |
| 2021 | $1.91B | — | $261M | $128M | — |
| 2020 | $1.96B | — | $223M | $99M | — |
| 2019 | $2.27B | — | $476M | $301M | — |
| 2018 | $2.01B | — | $409M | $380M | — |
| 2017 | $1.91B | — | $379M | $211M | — |
| 2016 | $1.60B | — | $283M | $150M | — |
| 2015 | $1.40B | — | $211M | $115M | — |
| 2014 | $1.25B | — | $117M | $28M | — |
| 2013 | $1.12B | — | $97M | $38M | — |
| 2012 | $1.02B | — | $59M | $16M | — |
| 2011 | $1.17B | — | $94M | $34M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $5.78B | $5.02B | $424M | $440M | $3.19B |
| 2024 | $5.69B | $4.66B | $710M | $323M | $2.79B |
| 2023 | $5.95B | $4.61B | $1.00B | $563M | $2.83B |
| 2022 | $6.32B | $4.47B | $1.61B | $1.11B | $2.81B |
| 2021 | $6.25B | $4.42B | $1.59B | $1.24B | $2.95B |
| 2020 | $5.24B | $3.71B | $1.32B | $391M | $2.44B |
| 2019 | $4.43B | $2.70B | $1.50B | $109M | $1.58B |
| 2018 | $4.06B | $2.25B | $1.59B | $178M | $1.28B |
| 2017 | $4.11B | $2.31B | $1.57B | $117M | $1.28B |
| 2016 | $2.48B | $1.59B | $875M | $68M | $702M |
| 2015 | $2.49B | $1.61B | $867M | $35M | $817M |
| 2014 | $2.17B | $1.35B | $821M | $44M | $627M |
| 2013 | $2.31B | $1.48B | $824M | $139M | $797M |
| 2012 | $1.93B | $1.13B | $802M | $46M | $491M |
| 2011 | $1.95B | $1.12B | $830M | $70M | $492M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $555M | — | — |
| 2024 | $589M | — | — |
| 2023 | $638M | — | — |
| 2022 | $710M | — | — |
| 2021 | $525M | — | — |
| 2020 | $395M | — | — |
| 2019 | $634M | — | — |
| 2018 | $548M | — | — |
| 2017 | $471M | — | — |
| 2016 | $437M | — | — |
| 2015 | $304M | — | — |
| 2014 | $246M | — | — |
| 2013 | $222M | — | — |
| 2012 | $185M | — | — |
| 2011 | $267M | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/MTN)