VAIL RESORTS INC · Miscellaneous Amusement & Recreation

MTN

Low riskNext report: Around Dec 9 (est.)

View price ↗

The short version

A high-quality, profitable business with steady sales. Institutions are adding.

Going well

Raised its dividend (5.9% yield)
Profitable every year for 10 years
Brings in more cash than it spends

Watch out for

High debt: 9.7x equity

Money moves

No insider buying or selling in the last 30 days
Institutions added 3.9% to their holdings in the quarter ending June 2026 (221 bought, 212 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$149.43+1.9% that day

Company value: $5.3B; Share price times all shares
Price vs profit (P/E): 35.8x; You pay about $36 for each $1 of yearly profit
Price vs sales: 1.9x; Company value is 1.9 times a year of sales
Dividend yield: 5.9%; Yearly dividend as a share of today's price
Cash vs value: 4%; Cash as a share of company value
Debt vs value: 55%; Debt as a share of company value

From MTN's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jul '26 (worked out from yearly totals)

$278.1M+2.5% vs a year earlier

Oct '23Tap a barJul '26

Last 12 months: $2.8B, down 4.3% from the 12 months before. Over 5 years, sales grew about 8.6% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of MTN. Starting points are the company's recent numbers.

Sales growth-4% a yearRecently: -4.3% a yearProfit margin5%Last 12 months: 5.2%P/E at the end36xToday: 35.8x. Many steady companies trade at 12x to 25xShare count change-3% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$2.3B

Profit in 5 years$116M

Price these guesses point to$136.12-8.9% vs $149.43 todayAbout -1.8% a year, before dividends

What today's price needs: with a 5% margin and a 36x P/E, sales could shrink about 2.2% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

5/6Strong

PassReturn on equity 15%+Earns a lot on the money owners have in the business.72.9%
MissDebt under half of equityNot relying on borrowed money.9.70x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.10.1%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$554.9M
PassShare count not growingNot diluting owners. Falling means buybacks.-8.6% in 3 years

Revenue: $3.0B; +2.7% vs prior year
5-year growth: +8.6%/yr; revenue, per year
Total debt: $2.9B; 9.70x equity
Current ratio: 0.62x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jul 31, 2026

Reported Sep 28

Revenue: $278.1M; +2.5% YoY
EPS: -$5.31; vs -$4.79
Op. margin: -75.1%; -1.7 pts
Free cash flow: -$153.0M
Share count: -0.7%; vs a year ago

Some values are worked out from year-to-date totals in the annual report.

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 4.3
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Accumulating+3.9%

Institutions added 3.9% to their holdings. 221 bought, 212 sold. 2 quarters of net buying in a row.

Shares held by institutions46.5M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-2.2%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

13.2x · $3.2B debt

Shares outstandingLatest reported

36M

Why low risk

High debt: 13.24x equity

Earnings reports

Last 12

Next reportAround Dec 9 (est.)Estimated from the same quarter last year

Results filedSep 28
Results filedJun 8
Results filedMar 9
Results filedDec 10, 2025
Results filedSep 29, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

5%+ holder update (active)Sep 29 · View filing ↗Activist 5%+ holder update (active)Sep 22 · View filing ↗Activist New 5%+ holder (active)Sep 16 · View filing ↗Activist 5%+ holder update (passive)Aug 14 · View filing ↗Big holder 5%+ holder update (passive)Aug 14 · View filing ↗Big holder

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

DEFA14AOct 19 · Form DEFA14A ↗PREC14AOct 19 · Form PREC14A ↗Major agreementOct 19 · Form 8-K ↗PREC14AOct 13 · Form PREC14A ↗

Stock awardPeter A VaughnDirector

1,662 shares

Now owns 1,662 shares
Restricted Share Unit
Filed 4 days after trade

Oct 3Form 4 ↗

Stock awardMichele RomanowDirector

1,662 shares

Now owns 1,662 shares
Restricted Share Unit
Filed 4 days after trade

Oct 3Form 4 ↗

Stock awardWilliam RockPresident, Mountain Division

21,625 shares at $109.95 · $2.4M

Now owns 16,844 shares
Exercise price $141.16
Restricted Share Unit
2 transactions
Filed 4 days after trade

Oct 3Form 4 ↗

Stock awardHilary SchneiderDirector

1,662 shares

Now owns 1,662 shares
Restricted Share Unit
Filed 4 days after trade

Oct 3Form 4 ↗

Stock awardCeleste BurgoyneEVP, Chief Revenue Officer

64,169 shares at $109.95 · $7.1M

Now owns 49,982 shares
Exercise price $141.16
Restricted Share Unit
2 transactions
Filed 4 days after trade

Oct 3Form 4 ↗

Stock awardNadia Nicole RawlinsonDirector

1,662 shares

Now owns 1,662 shares
Restricted Share Unit
Filed 4 days after trade

Oct 3Form 4 ↗

Insider tradeOct 7 · Form 4 ↗Insider tradeOct 7 · Form 4 ↗Insider tradeOct 7 · Form 4 ↗Insider tradeOct 7 · Form 4 ↗Insider tradeOct 7 · Form 4 ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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