Vail Resorts (MTN) AI Stock Analysis

• Market Cap: $5.47B
• Dividend Yield: 5.82%
• Average Volume (3M): 805.52K
• Price to Earnings (P/E): 20.3
• Beta (1Y): 0.75
• Revenue Growth: 2.74%
• EPS Growth: 22.37%
• Country: US
• Employees: 7,600
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): -5.08
• Shares Outstanding: 35,884,970
• 10 Day Avg. Volume: 647,218
• 30 Day Avg. Volume: 805,522
• PEG Ratio: 0.83
• Price to Book (P/B): 13.15
• Price to Sales (P/S): 1.88
• P/FCF Ratio: 17.46
• Enterprise Value/Market Cap: 1.61
• Enterprise Value/Revenue: 2.97
• Enterprise Value/Gross Profit: 5.75
• Enterprise Value/Ebitda: 11.87
• 1Y Price Target: $168.21
• Price Target Upside: 10.27% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 9

• Rating: 68 Neutral
• Price Target: $167.00 ▲(9.47% Upside)

Vail Resorts' overall stock score reflects strong valuation metrics and stable technical indicators, despite challenges in financial performance. The company's attractive dividend yield and reasonable P/E ratio support its valuation, while strategic investments aim to address operational inefficiencies and declining visitation. However, high leverage and cash flow weaknesses pose risks that need to be managed.

Positive Factors

Epic Pass Growth

The growth in Epic Pass sales indicates strong customer loyalty and provides a stable revenue stream, enhancing long-term financial stability.

Resource Efficiency Transformation

The Resource Efficiency Transformation Plan will improve operational margins and reduce costs, strengthening the company's competitive position.

Strategic Capital Investments

Investing in guest experience enhancements at major resorts will likely drive future visitation and revenue growth, supporting long-term business success.

Negative Factors

High Debt Levels

High leverage can limit financial flexibility and increase risk, potentially impacting the company's ability to invest in growth opportunities.

Decline in Pass Sales

A decline in pass sales suggests potential challenges in customer retention and revenue generation, which could affect future financial performance.

Free Cash Flow Weakness

Weak free cash flow generation limits the company's ability to fund operations and investments, posing a risk to long-term financial health.

Vail Resorts Business Overview & Revenue Model

Company Description

Vail Resorts, Inc., through its subsidiaries, operates mountain resorts and urban ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 37 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities. The Lodging segment owns and/or manages various luxury hotels and condominiums, and other lodging properties under the RockResorts brand; various condominiums located in proximity to the company's mountain resorts; destination resorts; and golf courses, as well as offers resort ground transportation services. This segment operates owned and managed hotel and condominium units. The Real Estate segment owns, develops, and sells real estate properties. The company was incorporated in 1997 and is based in Broomfield, Colorado.

How the Company Makes Money

Vail Resorts generates revenue through several key streams, primarily from lift ticket sales, season passes, and ancillary services. Lift ticket sales are a significant portion of the revenue, driven by daily visitors to the resorts during the ski season. The Epic Pass, which allows unlimited access to multiple resorts, has become a crucial revenue source, offering skiers and snowboarders an attractive alternative to purchasing individual lift tickets. Additionally, the company earns revenue from on-mountain dining, retail sales, lodging, and ski school services. Vail Resorts also benefits from strategic partnerships, such as collaborations with local businesses and tourism boards that enhance its marketing efforts and attract more visitors. Seasonal and year-round activities, such as mountain biking and hiking, further diversify its revenue streams and contribute to overall profitability.

Vail Resorts Financial Statement Overview

Summary

Vail Resorts shows strong revenue growth and high gross profit margins, but faces challenges with operational efficiency and high leverage. The cash flow situation is weak, particularly in free cash flow generation. Overall, the company is profitable but needs to address its debt levels and improve operational margins.

Income Statement

Vail Resorts has shown strong revenue growth, particularly in the most recent year with a 19.3% increase. The gross profit margin is exceptionally high at 93.86%, indicating efficient cost management. However, the net profit margin is relatively low at 9.45%, suggesting potential areas for cost optimization. The EBIT and EBITDA margins are negative, which is concerning and indicates operational inefficiencies.

Balance Sheet

The company has a high debt-to-equity ratio of 1.92, which poses a risk of financial leverage. However, the return on equity is strong at 65.96%, indicating effective use of equity to generate profits. The equity ratio is not provided, but the high debt levels suggest a need for careful financial management.

Cash Flow

Free cash flow has decreased by 19.45%, which is a negative indicator for liquidity. The operating cash flow to net income ratio is 0.33, showing a moderate conversion of income to cash. The free cash flow to net income ratio is 0.58, indicating some cash generation from profits, but there is room for improvement.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.96B	2.96B	2.89B	2.89B	2.53B	1.91B
Gross Profit	1.53B	2.78B	1.23B	1.22B	1.18B	830.04M
EBITDA	741.58M	870.46M	783.43M	831.66M	831.93M	533.05M
Net Income	280.00M	280.00M	230.41M	268.15M	347.92M	127.85M
Balance Sheet
Total Assets	5.78B	5.78B	5.70B	5.95B	6.32B	6.25B
Cash, Cash Equivalents and Short-Term Investments	440.29M	440.29M	322.83M	562.98M	1.11B	1.24B
Total Debt	3.44B	3.44B	3.04B	3.03B	2.94B	3.08B
Total Liabilities	5.02B	5.02B	4.66B	4.61B	4.47B	4.42B
Stockholders Equity	424.50M	424.50M	723.54M	1.00B	1.61B	1.59B
Cash Flow
Free Cash Flow	319.68M	319.68M	375.58M	324.65M	517.68M	410.15M
Operating Cash Flow	554.87M	554.87M	586.77M	639.56M	710.50M	525.25M
Investing Cash Flow	-204.50M	-204.50M	-241.07M	-273.17M	-347.92M	-103.33M
Financing Cash Flow	-242.65M	-242.65M	-574.79M	-915.71M	-493.14M	434.66M

Vail Resorts Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 152.55
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MTN, the sentiment is Positive. The current price of 152.55 is above the 20-day moving average (MA) of 151.84, above the 50-day MA of 151.16, and above the 200-day MA of 151.65, indicating a bullish trend. The MACD of 0.99 indicates Negative momentum. The RSI at 52.01 is Neutral, neither overbought nor oversold. The STOCH value of 76.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MTN.

Vail Resorts Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HGV	―	$4.03B	78.80	3.35%	―	13.01%	-59.35%
MTN	―	$5.47B	20.27	48.78%	5.82%	2.74%	22.37%
VAC	―	$2.44B	10.61	10.67%	4.62%	7.70%	63.61%
MGM	―	$8.70B	17.60	17.34%	―	0.89%	-31.56%
Sector *	―	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
WYNN	―	$12.57B	35.65	―	0.83%	-1.94%	-53.90%

Vail Resorts Corporate Events

Vail Resorts Earnings Call: Stability Amid Challenges

Vail Resorts’ recent earnings call conveyed a mixed sentiment, highlighting strategic investments and stable financial performance despite challenges in revenue growth and declining pass sales. The company is making progress with its Resource Efficiency Transformation Plan and capital investments, but concerns remain regarding marketing effectiveness and expected declines in visitation.

Vail Resorts Reports Fiscal 2025 Earnings and 2026 Outlook

Vail Resorts, Inc. is a leading operator of mountain resorts and luxury hotels, offering skiing and snowboarding experiences across North America, Europe, and Australia. The company is known for its extensive network of resorts and commitment to providing exceptional guest experiences.

Vail Resorts Announces Departure of Long-Serving Directors

On September 29, 2025, Vail Resorts announced that long-serving Board members John Sorte and John Redmond will not seek re-election at the 2025 Annual Meeting of Stockholders. Their departure marks the end of significant tenures during which they contributed to Vail Resorts’ growth into the world’s largest mountain resort company. The Board will continue with nine directors, eight of whom are independent, as part of its strategy to maintain a diverse mix of skills and expertise.

The most recent analyst rating on (MTN) stock is a Hold with a $155.00 price target. To see the full list of analyst forecasts on Vail Resorts stock, see the MTN Stock Forecast page.

Vail Resorts to Announce Fiscal 2025 Financial Results

Vail Resorts announced it will release its fiscal year 2025 financial results on September 29, 2025, after market close, followed by a conference call with company executives to discuss the results. This announcement is significant as it provides stakeholders with insights into the company’s financial performance and strategic direction, potentially impacting investor confidence and market positioning.

The most recent analyst rating on (MTN) stock is a Buy with a $170.00 price target. To see the full list of analyst forecasts on Vail Resorts stock, see the MTN Stock Forecast page.