Vail Resorts (MTN) AI Stock Analysis

• Market Cap: $5.19B
• Dividend Yield: 6.15%
• Average Volume (3M): 658.90K
• Price to Earnings (P/E): 19.2
• Beta (1Y): 0.69
• 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: 35,953,210
• 10 Day Avg. Volume: 619,117
• 30 Day Avg. Volume: 658,900
• 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: 1.70
• Enterprise Value/Revenue: 2.97
• Enterprise Value/Gross Profit: 5.75
• Enterprise Value/Ebitda: 11.87
• 1Y Price Target: $159.61
• Price Target Upside: 10.56% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 9
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: $154.00 ▲(6.68% Upside)

Vail Resorts' overall score reflects strong revenue growth and attractive dividend yield, but is tempered by operational inefficiencies and high leverage. The technical indicators suggest a neutral to slightly bearish trend, while the earnings call provides a mixed outlook with strategic investments offset by marketing and visitation challenges.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand for Vail Resorts' offerings, suggesting effective market positioning and potential for sustained expansion.

Epic Pass Growth

The growth of the Epic Pass demonstrates successful product adoption and customer loyalty, which can lead to stable, recurring revenue streams.

Cost Efficiency Plan

The efficiency plan aims to significantly reduce costs, enhancing profitability and operational resilience, vital for long-term financial health.

Negative Factors

High Leverage

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

Decline in Pass Sales

Declining pass sales suggest challenges in maintaining customer engagement and could impact future revenue stability if not addressed.

Operational Inefficiencies

Negative EBIT and EBITDA margins highlight inefficiencies that could erode profitability, necessitating improvements in cost management and operations.

Vail Resorts Business Overview & Revenue Model

Company Description

Vail Resorts, Inc. (NYSE: MTN) is a leading global mountain resort operator, known for its premier ski and adventure destinations. The company owns and operates a diverse portfolio of resorts across the United States, including iconic locations such as Vail, Beaver Creek, Breckenridge, and Park City, as well as international properties in Canada and Australia. Vail Resorts offers a wide range of services and amenities, including skiing, snowboarding, mountain biking, and summer activities, complemented by lodging, dining, and retail experiences. The company is committed to providing exceptional guest experiences while promoting sustainability and community involvement.

How the Company Makes Money

Vail Resorts generates revenue through several key streams. The primary source of income is from lift ticket sales, which provide access to the ski slopes and are a significant driver of earnings during the winter season. The company also earns revenue from ski school lessons, equipment rentals, and retail sales within its resorts. Additionally, Vail Resorts operates lodging facilities, generating income from accommodations, dining, and event services. The company has embraced a season pass strategy, offering multi-resort passes that encourage repeat visits and provide a stable revenue base. Furthermore, Vail Resorts benefits from strategic partnerships with travel and tourism companies, as well as sponsorships that enhance its brand visibility and market reach.

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 shows weaknesses, 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: Neutral
• Last Price: 144.36
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• 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 Neutral. The current price of 144.36 is above the 20-day moving average (MA) of 142.14, below the 50-day MA of 146.83, and below the 200-day MA of 148.97, indicating a neutral trend. The MACD of -1.76 indicates Negative momentum. The RSI at 52.38 is Neutral, neither overbought nor oversold. The STOCH value of 79.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MTN.

Vail Resorts Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CHDN	73 Outperform	$7.84B	20.50	37.56%	0.39%	7.97%	-0.14%
BYD	71 Outperform	$6.32B	3.54	87.17%	0.87%	5.91%	336.91%
WYNN	67 Neutral	$13.05B	27.68	―	0.80%	-0.26%	-44.45%
MTN	64 Neutral	$5.19B	19.18	48.78%	6.15%	2.74%	22.37%
MGM	63 Neutral	$9.87B	226.43	2.25%	―	0.05%	-94.07%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
MLCO	56 Neutral	$3.43B	33.41	―	―	11.32%	―

Vail Resorts Corporate Events

Vail Resorts Appoints New Chief Revenue Officer

On November 21, 2025, Vail Resorts announced the appointment of Celeste Burgoyne as Executive Vice President and Chief Revenue Officer, effective January 26, 2026. Burgoyne, who previously held a leadership role at lululemon, is expected to drive growth and enhance the guest experience at Vail Resorts. Her extensive experience in customer engagement and brand expansion is anticipated to play a crucial role in the company’s strategic initiatives to boost revenue and strengthen its market position.

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.