Stocks Consumer discretionary MTN
NYSE · Consumer discretionaryVail Resorts Inc (MTN)
Vail Resorts Inc reported revenue of $2.8B in fiscal 2026, down 4.3% from a year earlier. Net income was $147.5M, a net margin of 5.2%. Operating cash flow minus capital spending left $248M of free cash flow in fiscal 2026. At July 31, 2026 it held $231.3M in cash against $3.2B of debt. Its latest periodic report to the SEC is the annual report (10-K) filed on September 28, 2026.
Key facts about Vail Resorts Inc
- Net worth
- Vail Resorts Inc has a market value (market cap) of $5.7B at the latest share price, and shareholders' equity of $240.5M on its balance sheet at July 31, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2026 revenue was $2.8B (-4.3% year on year), with net income of $147.5M.
- Cash flow
- In fiscal 2026 operations brought in $479.6M of cash; after $231.6M of capital spending, free cash flow was $248M.
- Latest report
- The latest periodic report (annual report, 10-K) was filed with the SEC on September 28, 2026 and covers the period to July 31, 2026. Open on SEC EDGAR
- Next earnings report
- Vail Resorts Inc's next report is expected around December 28, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Vail Resorts Inc declared dividends of $8.88 per share in fiscal 2026, a yield of 5.55% at the current price.
What Vail Resorts Inc does
Vail Resorts Inc is registered with the SEC under industry code SIC 7990 (Services-Miscellaneous Amusement & Recreation). Its shares trade on NYSE under the ticker MTN.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2026 | $2.8B | $147.5M | $4.12 | $248M |
| 2025 | $3B | $280M | $7.53 | $319.7M |
| 2024 | $2.9B | $231.1M | $6.09 | $377.8M |
| 2023 | $2.9B | $265.8M | $6.69 | $322.9M |
| 2022 | $2.5B | $347.9M | $8.55 | $517.7M |
| 2021 | $1.9B | $127.9M | $3.13 | $410.2M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where MTN ranks in Consumer discretionary
Dividends
Vail Resorts Inc declared $8.88 per share in fiscal 2026. At the current price that is a yield of 5.55%. It paid out $317.1M in cash dividends, 215% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2026 | $8.88 | $317.1M | 215% |
| 2025 | $8.88 | $328.2M | 117% |
| 2024 | $8.56 | $323.7M | 140% |
| 2023 | $7.94 | $314.4M | 118% |
| 2022 | $5.58 | $225.8M | 65% |
| 2021 | $0.00 | $0 | 0% |
Latest SEC filings
What Vail Resorts Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026Form DFAN14A filing DFAN14A
- November 3, 2026Activist stake changed SCHEDULE 13D/A
- November 3, 2026Additional proxy material DEFA14A
- November 2, 2026Form DFAN14A filing DFAN14A
- November 2, 2026Form DEFC14A filing DEFC14A
- November 2, 2026Additional proxy material DEFA14A
- November 2, 2026Additional proxy material DEFA14A
- November 2, 2026Form DEFR14A filing DEFR14A
- October 30, 2026Additional proxy material DEFA14A
- October 30, 2026Additional proxy material DEFA14A
What is MTN worth? A DCF from its reported cash flow
Insider trades
What the people running Vail Resorts Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 45 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 1, 2026 | DeCecco Julie A.GC & Chief Public Affairs Ofc | Exercised options | 106 | - |
| November 1, 2026 | DeCecco Julie A.GC & Chief Public Affairs Ofc | Shares withheld for tax | 31 | $4.7K |
| September 30, 2026 | Korch Angela AEVP & Chief Financial Officer | Exercised options | 1,955 | - |
| September 30, 2026 | Korch Angela AEVP & Chief Financial Officer | Shares withheld for tax | 856 | $117.4K |
| September 30, 2026 | Kunkel LynanneChief HR & Trnsfrm Ofc | Exercised options | 1,689 | - |
| September 30, 2026 | Kunkel LynanneChief HR & Trnsfrm Ofc | Shares withheld for tax | 486 | $66.7K |
| September 30, 2026 | Vaughn Peter ADirector | Exercised options | 1,563 | - |
| September 30, 2026 | Sewell D BruceDirector | Exercised options | 1,563 | - |
Who owns MTN
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Baron Capital Group, Inc.13G, passive with 5 related filers | 18.34% | August 14, 2026 |
| Capital World Investors13G, passive | 12.1% | February 6, 2026 |
| Capital International Investors13G, passive | 11.4% | May 14, 2026 |
| Oasis Management Co Ltd.13D, may seek influence with 3 related filers | 9.6% | November 3, 2026 |
| Vanguard Capital Management13G, passive | 5.27% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 438 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Bamco Inc | 6,536,697 | +1,493,164 |
| Capital World Investors | 4,355,882 | -70,247 |
| Capital International Investors | 3,820,106 | -192,996 |
| BlackRock, Inc. | 3,413,234 | +36,803 |
| Oasis Management Co Ltd. | 2,329,018 | +240,622 |
| Geode Capital Management, LLC | 1,731,537 | +44,536 |
| Vanguard Portfolio Management LLC | 1,699,568 | +8,395 |
| Vanguard Capital Management LLC | 1,603,278 | -2,093 |
| UBS Group AG | 1,506,153 | +784,875 |
| First Pacific Advisors, LP | 1,304,959 | +128,609 |
| Charles Schwab Investment Management Inc | 1,299,918 | +106,832 |
| Fmr LLC | 1,182,076 | -18,581 |
| State Street Corp | 1,136,937 | +33,327 |
| Manufacturers Life Insurance Company, The | 965,246 | -11,486 |
| Harris Associates L P | 764,385 | +18,827 |
| HighTower Advisors, LLC | 712,430 | +131,898 |
| Dimensional Fund Advisors LP | 666,756 | +17,842 |
| Morgan Stanley | 495,212 | -276,215 |
| River Road Asset Management, LLC | 494,437 | -9,557 |
| Northern Trust Corp | 479,018 | +58,019 |
Insiders
11 insiders reported holding 379,624 shares in total, about $60.7M at the last price.
| Holder | Shares |
|---|---|
| Katz Robert ACEO & Chairperson of the Board, Director | 290,201 |
| Sewell D BruceDirector | 23,718 |
| Kunkel LynanneChief HR & Trnsfrm Ofc | 12,146 |
| Rock WilliamPresident, Mountain Division | 11,885 |
| Vaughn Peter ADirector | 10,347 |
| Romanow MicheleDirector | 9,776 |
| Korch Angela AEVP & Chief Financial Officer | 8,172 |
| Sullivan Gregory JonEVP, Retail & Hospitality | 4,571 |
| DeCecco Julie A.GC & Chief Public Affairs Ofc | 3,470 |
| Chambers ReginaldDirector | 3,408 |
Questions about MTN
What does Vail Resorts Inc do?
Vail Resorts Inc is a company in the Consumer discretionary sector, listed on NYSE as MTN. Its shares trade on NYSE under the ticker MTN.
What is Vail Resorts Inc's net worth?
Vail Resorts Inc has a market value (market cap) of $5.7B at the latest share price, and shareholders' equity of $240.5M on its balance sheet at July 31, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Vail Resorts Inc profitable?
Yes. In fiscal 2026 it reported net income of $147.5M on revenue of $2.8B, a net margin of 5.2%.
How much revenue does Vail Resorts Inc make?
In fiscal 2026 Vail Resorts Inc reported revenue of $2.8B. That is 4.3% less than a year earlier.
When did Vail Resorts Inc last report?
Its most recent periodic report is the annual report (10-K) filed on September 28, 2026. It covers the period to July 31, 2026. Its newest filing of any kind is the form DFAN14A filing from November 5, 2026.
When is Vail Resorts Inc's next earnings report?
Vail Resorts Inc's next report is expected around December 28, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
Does Vail Resorts Inc pay a dividend?
Yes. Vail Resorts Inc declared dividends of $8.88 per share in fiscal 2026, a yield of 5.55% at the current price.
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Where the numbers come from
Financial figures are the values Vail Resorts Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.