15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 8.6% per year over the past 5 years.
Net income has grown faster than revenue (23.2% vs 8.6% per year).
Operating margin has expanded, at 18.9% in the latest year.
Free cash flow has grown 7.5% per year over the past 5 years.
Financial health
Total debt ($3.2B) exceeds cash ($440M); net debt is $2.8B.
Total debt has grown slower than revenue (5.5% vs 8.6% per year).
Operating income covered interest expense 3.3× in the latest year, up from 2.1× 5 years ago.
Total debt is 3.7× EBITDA.
Shareholder returns
Dividends have been paid for 4 consecutive years, consuming 117.2% of earnings and 102.7% of free cash flow.
The dividend has grown 9.1% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$3.0B
$280M
0.0%
18.9%
$320M
$3.2B
$440M
2024
$2.9B
$231M
0.0%
16.9%
$378M
$2.8B
$323M
2023
$2.9B
$266M
0.0%
17.5%
$323M
$2.8B
$563M
2022
$2.5B
$348M
0.0%
23.8%
$518M
$2.8B
$1.1B
2021
$1.9B
$128M
0.0%
13.7%
$410M
$2.9B
$1.2B
2020
$2.0B
$99M
0.0%
11.4%
$223M
$2.4B
$391M
2019
$2.3B
$301M
0.0%
21.0%
$442M
$1.6B
$109M
2018
$2.0B
$380M
0.0%
20.3%
$408M
$1.3B
$178M
2017
$1.9B
$211M
0.0%
19.9%
$327M
$1.3B
$117M
2016
$1.6B
$150M
0.0%
17.7%
$328M
$702M
$68M
2015
—
$115M
—
—
$180M
$817M
$35M
2014
—
$28M
—
—
$128M
$627M
$44M
2013
—
$38M
—
—
$127M
$797M
$139M
2012
—
$16M
—
—
$53M
$491M
$46M
2011
—
$34M
—
—
$172M
$492M
$70M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Apr '26
$1.2B
$314M
0.0%
41.0%
-$28M
$3.0B
$371M
Jan '26
$1.1B
$210M
0.0%
31.8%
$185M
$2.9B
$385M
Oct '25
$271M
-$187M
0.0%
-77.4%
$244M
$3.2B
$581M
Jul '25
$271M
-$185M
0.0%
-75.1%
-$228M
$3.2B
$440M
Apr '25
$1.3B
$390M
0.0%
44.6%
$82M
$2.7B
$467M
Jan '25
$1.1B
$244M
0.0%
33.7%
$251M
$2.7B
$488M
Oct '24
$260M
-$173M
0.0%
-77.6%
$212M
$2.8B
$404M
Jul '24
$265M
-$175M
0.0%
-75.8%
-$148M
$2.8B
$323M
Apr '24
$1.3B
$362M
0.0%
42.6%
$85M
$2.8B
$705M
Jan '24
$1.1B
$219M
0.0%
32.5%
$166M
$2.8B
$812M
Oct '23
$259M
-$176M
0.0%
-80.1%
$275M
$2.8B
$729M
Jul '23
$270M
-$129M
0.0%
-59.3%
-$141M
$2.8B
$563M
Apr '23
$1.2B
$325M
0.0%
40.4%
$67M
$2.8B
$896M
Jan '23
$1.1B
$209M
0.0%
29.8%
$190M
$2.9B
$1.3B
Oct '22
$279M
-$137M
0.0%
-58.5%
$209M
$2.8B
$1.2B
Jul '22
$267M
-$109M
0.0%
-36.7%
-$93M
$2.8B
$1.1B
Apr '22
$1.2B
$373M
0.0%
45.9%
$129M
$2.8B
$1.4B
Jan '22
$907M
$223M
0.0%
35.9%
$184M
$2.8B
$1.4B
Oct '21
$176M
-$139M
0.0%
-94.4%
$299M
$2.9B
$1.5B
Jul '21
$204M
-$141M
0.0%
-83.5%
-$55M
$2.9B
$1.2B
Valuation over time
How the market has priced MTN against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 23.9× (Mar '23) to 17.0× (Jun '26).
The price-to-sales ratio has fallen from 3.3× (Mar '23) to 1.6× (Jun '26).
The dividend yield has risen from 2.7% (Mar '23) to 6.9% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is MTN growing its revenue and profit?
Over the past 5 years, Vail Resorts Inc's revenue has grown 8.6% per year, and net income grown 23.2% per year. These are computed facts, not advice.
How much debt does MTN have?
As of FY2025, Vail Resorts Inc reported $3.2B of total debt against $440M of cash; operating income covered interest expense 3.3×.
What is MTN's profit margin?
In FY2025, gross margin was —, operating margin 18.9%, and net margin 9.4%.
What is MTN's P/E ratio?
As of Jun '26, Vail Resorts Inc traded at a price-to-earnings ratio of about 17.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.