Vail Resorts, Inc. (MTN) AI Stock Analysis

Vail Resorts, Inc., based in Broomfield, Colorado, operates premier mountain resorts and regional ski areas across the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment is its core, operating 41 mountain destinations alongside ski schools, dining, retail, equipment rentals, and real estate brokerage. The Lodging segment owns and manages luxury hotels, condominiums, and properties primarily under the RockResorts brand, while also managing destination resorts, golf courses, and ground transportation. The Real Estate segment focuses on owning, developing, and selling properties situated within and adjacent to its resort locations.

Vail Resorts produced a 5-year revenue CAGR of 8.2% from FY2021 to FY2026. After reaching $2.96B in FY2025, revenue contracted 4.3% in FY2026 to $2.84B. Gross margin compressed from 42.8% in FY2025 to 41.8% in FY2026, and operating margin declined from 18.9% to 14.8%. Net income dropped from $280.0M (EPS of $7.41) in FY2025 to $147.5M (EPS of $4.14) in FY2026, reflecting a 5.2% net margin. Operating cash flow fell to $479.6M, producing $248.0M in free cash flow. For the latest quarter ended July 31, 2026, quarterly revenue grew 2.5% year-over-year, while quarterly earnings declined 15.8%.

As of July 31, 2026, Vail Resorts held $268.5M in cash and short-term investments against $3.42B in total debt, leaving net debt at $3.15B. Shareholders' equity was $240.5M out of $5.53B in total assets, resulting in a debt-to-equity ratio of 14.23 and a current ratio of 0.80. In FY2026, cash flow funded $231.6M in capital expenditures, $45.0M in share buybacks, and $317.1M in dividends paid. Over the past five years, the company's share count decreased 11.5%.

At $151.01, Vail Resorts has a market cap of $5.38B and an enterprise value of $7.88B. The stock trades at a trailing P/E of 36.9x and a forward P/E of 21.9x, both higher than the median of its US-listed Consumer Cyclical peers (18.0x and 14.1x). Its price-to-sales of 1.9x also exceeds the peer median of 0.7x, while its EV/EBITDA of 10.6x is below the peer median of 11.1x. Over the past year, the shares returned 7.6% compared to 16.8% for the S&P 500 (SPY), while over five years the stock fell 43.7% against an 83.0% gain for SPY.

Vail Resorts pays a quarterly dividend with a forward annual payout of $8.88 per share, translating to a dividend yield of 5.88%. The company has paid dividends for 16 consecutive years, generating a 5-year annualized dividend growth rate of 38.2%. The dividend payout ratio stands at 2.1%, and its most recent ex-dividend date was October 8, 2026.

Wall Street analysts hold 5 Strong Buy, 8 Hold, 1 Sell, and 1 Strong Sell ratings on MTN. The mean price target of $148.36 sits 1.8% below the last close of $151.01. For the current fiscal year ending July 31, 2027, consensus estimates call for revenue of $3.04B and EPS of $5.60, representing 36.0% EPS growth. Over the last four quarters, the company beat EPS estimates once. The next earnings date is December 9, 2026.

This page is an AI-written research summary of Vail Resorts, Inc. (MTN). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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