Vail Resorts (MTN)
Market Price (12/25/2025): $139.8 | Market Cap: $5.0 BilSector: Consumer Discretionary | Industry: Hotels, Resorts & Cruise Lines
Vail Resorts (MTN)
Market Price (12/25/2025): $139.8Market Cap: $5.0 BilSector: Consumer DiscretionaryIndustry: Hotels, Resorts & Cruise Lines
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.9%, FCF Yield is 7.0% | Weak multi-year price returns2Y Excs Rtn is -78%, 3Y Excs Rtn is -117% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 57% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12% | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 10% | Key risksMTN key risks include [1] operational challenges stemming from its high fixed-cost structure and the difficulties of staffing and securing adequate housing for its seasonal workforce in resort communities. |
| Low stock price volatilityVol 12M is 36% | ||
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, Sustainable Resource Management, and Renewable Energy Transition. Themes include Travel & Leisure Tech, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.9%, FCF Yield is 7.0% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12% |
| Low stock price volatilityVol 12M is 36% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, Sustainable Resource Management, and Renewable Energy Transition. Themes include Travel & Leisure Tech, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -78%, 3Y Excs Rtn is -117% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 10% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 57% |
| Key risksMTN key risks include [1] operational challenges stemming from its high fixed-cost structure and the difficulties of staffing and securing adequate housing for its seasonal workforce in resort communities. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
1. Missed Q4 Fiscal 2025 Earnings and Revenue Expectations.Vail Resorts reported its fourth-quarter fiscal 2025 results on September 29, 2025, with revenue of $271.3 million falling short of analyst estimates and a non-GAAP loss per share of $5.08, wider than projected. This financial underperformance led to a negative market reaction, with the stock declining approximately 2.5% in after-market trading, compounding an already nearly 10% drop in the preceding month.
2. Wider Net Loss in Q1 Fiscal 2026.
The company reported a net loss of $186.8 million for its first quarter of fiscal 2026, which ended October 31, 2025. This loss was wider than the $173.3 million net loss reported in the same period of the prior fiscal year, signaling increased operational challenges.
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Stock Movement Drivers
Fundamental Drivers
The -4.8% change in MTN stock from 9/24/2025 to 12/24/2025 was primarily driven by a -8.9% change in the company's Net Income Margin (%).| 9242025 | 12242025 | Change | |
|---|---|---|---|
| Stock Price ($) | 146.74 | 139.66 | -4.83% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 2958.44 | 2975.10 | 0.56% |
| Net Income Margin (%) | 9.81% | 8.94% | -8.87% |
| P/E Multiple | 18.82 | 18.85 | 0.15% |
| Shares Outstanding (Mil) | 37.24 | 35.91 | 3.57% |
| Cumulative Contribution | -4.95% |
Market Drivers
9/24/2025 to 12/24/2025| Return | Correlation | |
|---|---|---|
| MTN | -4.8% | |
| Market (SPY) | 4.4% | 23.5% |
| Sector (XLY) | 2.3% | 36.6% |
Fundamental Drivers
The -8.5% change in MTN stock from 6/25/2025 to 12/24/2025 was primarily driven by a -8.9% change in the company's Net Income Margin (%).| 6252025 | 12242025 | Change | |
|---|---|---|---|
| Stock Price ($) | 152.71 | 139.66 | -8.54% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 2958.44 | 2975.10 | 0.56% |
| Net Income Margin (%) | 9.81% | 8.94% | -8.87% |
| P/E Multiple | 19.59 | 18.85 | -3.76% |
| Shares Outstanding (Mil) | 37.24 | 35.91 | 3.57% |
| Cumulative Contribution | -8.66% |
Market Drivers
6/25/2025 to 12/24/2025| Return | Correlation | |
|---|---|---|
| MTN | -8.5% | |
| Market (SPY) | 14.0% | 22.5% |
| Sector (XLY) | 15.3% | 39.6% |
Fundamental Drivers
The -23.1% change in MTN stock from 12/24/2024 to 12/24/2025 was primarily driven by a -35.3% change in the company's P/E Multiple.| 12242024 | 12242025 | Change | |
|---|---|---|---|
| Stock Price ($) | 181.51 | 139.66 | -23.06% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 2886.90 | 2975.10 | 3.06% |
| Net Income Margin (%) | 8.08% | 8.94% | 10.64% |
| P/E Multiple | 29.15 | 18.85 | -35.33% |
| Shares Outstanding (Mil) | 37.47 | 35.91 | 4.17% |
| Cumulative Contribution | -23.19% |
Market Drivers
12/24/2024 to 12/24/2025| Return | Correlation | |
|---|---|---|
| MTN | -23.1% | |
| Market (SPY) | 15.8% | 42.6% |
| Sector (XLY) | 5.3% | 50.8% |
Fundamental Drivers
The -34.3% change in MTN stock from 12/25/2022 to 12/24/2025 was primarily driven by a -32.9% change in the company's Net Income Margin (%).| 12252022 | 12242025 | Change | |
|---|---|---|---|
| Stock Price ($) | 212.48 | 139.66 | -34.27% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 2629.78 | 2975.10 | 13.13% |
| Net Income Margin (%) | 13.32% | 8.94% | -32.85% |
| P/E Multiple | 24.44 | 18.85 | -22.89% |
| Shares Outstanding (Mil) | 40.30 | 35.91 | 10.88% |
| Cumulative Contribution | -35.05% |
Market Drivers
12/25/2023 to 12/24/2025| Return | Correlation | |
|---|---|---|
| MTN | -31.3% | |
| Market (SPY) | 48.9% | 40.5% |
| Sector (XLY) | 38.7% | 44.3% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MTN Return | 18% | 18% | -25% | -7% | -8% | -21% | -29% |
| Peers Return | -12% | 5% | -2% | 28% | 11% | 24% | 59% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 115% |
Monthly Win Rates [3] | |||||||
| MTN Win Rate | 58% | 42% | 33% | 50% | 42% | 42% | |
| Peers Win Rate | 43% | 50% | 50% | 58% | 55% | 62% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| MTN Max Drawdown | -44% | -6% | -37% | -11% | -20% | -29% | |
| Peers Max Drawdown | -55% | -21% | -24% | -3% | -13% | -26% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HST, MAR, HLT, WYNN, LVS. See MTN Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/24/2025 (YTD)
How Low Can It Go
| Event | MTN | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -45.3% | -25.4% |
| % Gain to Breakeven | 82.7% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -48.3% | -33.9% |
| % Gain to Breakeven | 93.4% | 51.3% |
| Time to Breakeven | 220 days | 148 days |
| 2018 Correction | ||
| % Loss | -40.0% | -19.8% |
| % Gain to Breakeven | 66.7% | 24.7% |
| Time to Breakeven | 764 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -77.5% | -56.8% |
| % Gain to Breakeven | 345.3% | 131.3% |
| Time to Breakeven | 1,530 days | 1,480 days |
Compare to DKNG, H, SCI, HGV, VAC
In The Past
Vail Resorts's stock fell -45.3% during the 2022 Inflation Shock from a high on 11/5/2021. A -45.3% loss requires a 82.7% gain to breakeven.
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AI Analysis | Feedback
Here are 1-3 brief analogies for Vail Resorts:Vail Resorts is like:
- Marriott for ski resorts, owning and operating a portfolio of premium mountain destinations.
- Disney for mountain experiences, offering a comprehensive, high-quality recreational destination and entertainment experience.
- Netflix for ski access, primarily through its Epic Pass, which provides subscription-based access to multiple resorts.
AI Analysis | Feedback
- Mountain Access (Lift Tickets & Passes): Provides access to ski slopes, chairlifts, and gondolas at their various resorts.
- Lodging: Offers hotel rooms, condominiums, and other accommodations within or near their resort properties.
- Ski & Snowboard Schools: Provides instruction and lessons for skiing and snowboarding enthusiasts of all skill levels.
- Retail & Rental: Sells ski and snowboard equipment, apparel, and accessories, alongside offering equipment rental services.
- Dining: Operates a variety of restaurants, cafes, and food service outlets across its resort properties.
AI Analysis | Feedback
Vail Resorts (symbol: MTN) primarily sells directly to individuals rather than other companies. Its business model focuses on providing mountain resort experiences, including skiing, snowboarding, lodging, and related amenities, directly to end-users.
The company serves the following three major categories of individual customers:
- Season Pass Holders: This category encompasses individuals who purchase multi-day or season passes, most notably the Epic Pass. These customers are typically frequent skiers and snowboarders who commit to visiting Vail Resorts' properties (and partner resorts) multiple times throughout a season. They represent a loyal customer base seeking value and extensive access.
- Destination Visitors/Vacationers: This segment includes individuals and families who travel to Vail Resorts' destinations for multi-day vacations. These customers often seek a comprehensive resort experience, utilizing services such as lodging (in Vail-owned or managed properties), lift access, ski/snowboard lessons, equipment rentals, and dining at the resorts. They are looking for a complete holiday experience.
- Day Visitors/Local Recreationalists: This category comprises individuals or groups who visit a resort for a single day of skiing, snowboarding, or other recreational activities. They often reside within a reasonable driving distance of a resort and typically purchase single-day lift tickets or utilize specialized local access products. This group is focused on convenient, short-duration recreational outings.
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Rob Katz, Chairman & Chief Executive Officer
Rob Katz was appointed Chief Executive Officer of Vail Resorts in May 2025, a role he previously held from February 2006 until November 2021. He served as Executive Chairperson of the Board from November 2021 to May 2025. Mr. Katz has been involved with Vail Resorts since 1991 and has served on its Board of Directors since 1996. Prior to his tenure as CEO of Vail Resorts, he was associated with Apollo Management L.P., a private equity investment firm, since its founding in 1990.
Angela Korch, Executive Vice President & Chief Financial Officer
Angela Korch was appointed Executive Vice President and Chief Financial Officer in December 2022. She rejoined Vail Resorts from CorePower Yoga, where she served as Chief Financial Officer since May 2020. Ms. Korch previously spent over a decade in various leadership roles within Vail Resorts' finance organization, including Vice President of Corporate & Mountain Finance. In this role, she led financial and capital allocation strategies and played a significant role in integrating more than 30 mountain resorts. Before her initial time at Vail Resorts, she was an Assistant Portfolio Manager at Muzinich & Company. At CorePower Yoga, she was instrumental in helping the company navigate COVID-19 challenges, raise capital, and expand its studio portfolio.
Bill Rock, President of the Mountain Division
Bill Rock serves as the President of the Mountain Division at Vail Resorts. He began his career at Vail Resorts in 2010.
Courtney Goldstein, Executive Vice President & Chief Marketing Officer
Courtney Goldstein was appointed Executive Vice President and Chief Marketing Officer in April 2024. Prior to joining Vail Resorts, she served as Senior Vice President of Consumer Marketing, Growth, and Engagement at Comcast, and also held positions with American Express.
Lynanne J. Kunkel, Executive Vice President & Chief Human Resources Officer
Lynanne J. Kunkel serves as the Executive Vice President and Chief Human Resources Officer for Vail Resorts, a position she has held since 2017.
AI Analysis | Feedback
The key risks to Vail Resorts (MTN) are primarily tied to environmental factors, economic conditions impacting consumer behavior, and the inherent operational challenges of its business model.
- Weather and Climate Change: Vail Resorts is highly vulnerable to unfavorable weather conditions and the broader impacts of climate change. Insufficient or delayed snowfall directly reduces skier visits and revenue, affecting both current season performance and future pass sales momentum. This reliance on weather-dependent revenue streams poses a significant and ongoing challenge to the company's financial performance.
- Economic Conditions and Consumer Spending: Prolonged economic weakness, inflationary pressures, and elevated interest rates can lead to reduced consumer discretionary spending on travel and leisure activities. This directly impacts visitation numbers and overall revenue for Vail Resorts, particularly as the company offers premium products and expects strong demand in higher-tier passes, which could be sensitive to economic downturns.
- Operational Risks, High Fixed Costs, and Labor: The mountain resort business operates with a high fixed cost structure, meaning that any decline in revenue can significantly compress profit margins. Furthermore, the company faces operational challenges related to managing a seasonal workforce, including staffing difficulties, increased labor costs, and the need to secure adequate employee housing in resort communities.
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Clear Emerging Threats to Vail Resorts (MTN)
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The increasing popularity and accessibility of backcountry and uphill skiing and snowboarding represent an emerging threat. This trend allows participants to access mountain terrain and experience the sport without purchasing expensive lift tickets, thereby bypassing Vail Resorts' primary revenue model. As gear becomes more specialized, safety education more widespread, and interest in self-powered outdoor recreation grows, a segment of potential or existing resort guests may opt for these alternative forms of mountain access, potentially diverting revenue and altering long-term demand for traditional lift-serviced skiing and snowboarding.
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Vail Resorts (symbol: MTN) operates primarily in two main addressable markets: Mountain Operations and Lodging. The company's business model also includes real estate development and sales, though a specific addressable market size for this niche is not readily available.Mountain Operations
Vail Resorts' Mountain segment generates revenue through lift ticket sales (including season passes like the Epic Pass), ski and snowboard lessons, equipment rentals, retail merchandise sales, dining, and other winter and summer recreational activities. * U.S. Mountain and Ski Resort Market: The U.S. mountain and ski resort industry is estimated at USD 3.4 billion in 2024. It is projected to increase to USD 3.6 billion in 2025 and is expected to reach USD 8.1 billion by 2035, growing at a Compound Annual Growth Rate (CAGR) of 8.4% over the forecast period. Another report estimates the market size for Ski & Snowboard Resorts in the U.S. at USD 4.2 billion in 2025. The U.S. skiing and snowboarding market size was estimated at USD 5.78 billion in 2024. * North America Mountain and Ski Resort Market: The USA market contributes 55% of North America's total mountain and ski resort market. Based on the U.S. market value of USD 3.4 billion in 2024, the North American mountain and ski resort market would be approximately USD 6.18 billion in 2024 (USD 3.4 billion / 0.55). North America held the largest share in the global mountain and ski resort market in 2024. * Global Mountain and Ski Resort Market: The global mountain and ski resort market was valued at USD 9.53 billion in 2024 and is projected to reach USD 14.4 billion by 2035, exhibiting a CAGR of 3.85% from 2025 to 2035. Another source states the market size as USD 14.74 billion in 2024, growing to USD 16.35 billion in 2025.Lodging
Vail Resorts owns and operates a number of hotels, lodges, and condominiums at its various resort locations, catering to visitors. * North America Hotel Market: The North America hotel market was valued at USD 120 billion according to recent reports based on a five-year historical analysis. * North America Luxury Hotel Market: Given Vail Resorts' focus on premium experiences, the luxury hotel segment is particularly relevant. This market reached USD 30.48 billion in 2024. Other estimates for the North America luxury hotel market include USD 37.86 billion in 2024 and USD 41.23 billion in 2025. The resorts sub-category within the North America luxury hotel market is projected to have the fastest growth, with a 7.6% CAGR through 2030. * North American Hotels Market (United States, Canada, and Mexico): This market is estimated at USD 40.16 billion in 2025.Real Estate
Vail Resorts engages in real estate development, selling residential properties and commercial spaces in and around its resorts. * No specific addressable market size for "resort real estate development and sales" was found in the provided search results.AI Analysis | Feedback
Vail Resorts (MTN) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
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Epic Pass Price Increases: Vail Resorts has consistently increased prices for its various Epic Pass products, including the Epic Pass, Epic Local Pass, and Epic Day Pass, for the upcoming 2025-26 ski season. For example, the top-tier Epic Pass saw a 7% increase, while some Epic Day Pass products experienced steeper hikes of 25-30% for the 2025-26 season. These annual price adjustments directly contribute to higher revenue per pass holder.
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Strategic Capital Investments and Enhanced Guest Experience: The company has announced a significant capital investment plan of approximately $249 million to $254 million for calendar year 2025. These investments aim to improve the guest experience through infrastructure upgrades, such as a new 10-person gondola at Park City Mountain and new six-person chairlifts at Andermatt-Sedrun-Disentis. Additionally, plans include developing a fourth base village at Vail Mountain's West Lionshead, featuring new lodging, dining, and retail spaces. These enhancements are designed to attract more guests and encourage increased visitation and ancillary spending.
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Global Expansion and Increased Access: Vail Resorts is continuing its global expansion, particularly in Europe, to enhance the value and reach of its Epic Pass. For the 2025-26 season, the Epic Pass network will significantly increase access to Verbier 4 Vallées in Switzerland and will include six new Austrian ski resorts: Saalbach Hinterglemm Leogang Fieberbrunn, Zell am See-Kaprun, Mayrhofen, Hintertux Glacier, Silvretta Montafon, and Sölden. This expansion aims to attract a broader international customer base and boost pass sales.
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Growth in Ancillary Spending and Targeted Lift Ticket Strategies: The company anticipates increased revenue from ancillary services such as ski school and dining. Furthermore, Vail Resorts is implementing new strategies to improve guest visitation, including new "Epic Friend Tickets" that offer discounted lift access for friends of pass holders, and more targeted pricing strategies for daily lift tickets. The company is also increasing its media investment to enhance brand awareness and drive overall visitation to its resorts.
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Resource Efficiency Transformation Plan: While primarily focused on cost savings, the company's two-year "Resource Efficiency Transformation Plan" is projected to achieve $100 million in annualized cost efficiencies by the end of its fiscal year 2026. These efficiencies are expected to improve operating leverage and profitability, thereby contributing to overall financial growth and freeing up resources for further investments that can indirectly support revenue generation.
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Capital Allocation Decisions of Vail Resorts (MTN) over the Last 3-5 Years
Share Repurchases
- Vail Resorts repurchased approximately 1.29 million shares for a total of $200 million during the quarter ending July 31, 2025.
- As of March 10, 2025, the company had 1.5 million shares remaining under its authorization for future share repurchases.
- Annual share buybacks amounted to $200 million in fiscal year 2025, $150 million in fiscal year 2024, and $500 million in fiscal year 2023.
Outbound Investments
- In March 2022, Vail Resorts acquired a 55% stake in Andermatt+Sedrun+Disentis, a Swiss resort operator, for $160 million, marking its first expansion into Europe.
- The company acquired Seven Springs Mountain Resort, Hidden Valley Resort, and Laurel Mountain Ski Area in Pennsylvania in December 2021.
- In fiscal year 2024, Vail Resorts closed on the acquisition of Crans-Montana Mountain Resort in Switzerland, securing an 84% ownership stake in its lift operations for an enterprise value of CHF 118.5 million (approximately $128 million).
Capital Expenditures
- Vail Resorts expects its calendar year 2025 capital plan to be approximately $198 million to $203 million in core capital, plus an additional $46 million for growth capital investments at its European resorts (Andermatt-Sedrun and Crans-Montana), and $5 million for real estate related projects.
- Total planned capital investments for calendar year 2025 are estimated to be between $249 million and $254 million.
- Key capital investments for 2025 and 2026 focus on multi-year transformational plans at Park City Mountain and Vail Mountain, including lift and snowmaking upgrades, new gondolas, and technology enhancements for the My Epic App.
Latest Trefis Analyses
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|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to MTN. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | BBWI | Bath & Body Works | Dip Buy | DB | Insider Buys | Low D/EDip Buy with Strong Insider BuyingBuying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 13.3% | 13.3% | 0.0% |
| 11262025 | HRB | H&R Block | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.3% | 5.3% | -0.1% |
| 11262025 | LRN | Stride | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.4% | 3.4% | -4.4% |
| 11212025 | ABNB | Airbnb | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 19.7% | 19.7% | 0.0% |
| 11212025 | MTN | Vail Resorts | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 1.8% | 1.8% | -1.6% |
| 04302025 | MTN | Vail Resorts | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 9.6% | 3.2% | -1.3% |
| 06302022 | MTN | Vail Resorts | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 11.0% | 19.6% | -6.5% |
| 01312019 | MTN | Vail Resorts | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 32.0% | 28.5% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Vail Resorts
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 132.34 |
| Mkt Cap | 29.0 |
| Rev LTM | 9,423 |
| Op Inc LTM | 2,016 |
| FCF LTM | 976 |
| FCF 3Y Avg | 1,106 |
| CFO LTM | 1,931 |
| CFO 3Y Avg | 1,772 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.6% |
| Rev Chg 3Y Avg | 11.9% |
| Rev Chg Q | 6.2% |
| QoQ Delta Rev Chg LTM | 1.5% |
| Op Mgn LTM | 19.2% |
| Op Mgn 3Y Avg | 17.3% |
| QoQ Delta Op Mgn LTM | 0.7% |
| CFO/Rev LTM | 20.6% |
| CFO/Rev 3Y Avg | 19.8% |
| FCF/Rev LTM | 10.8% |
| FCF/Rev 3Y Avg | 12.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 29.0 |
| P/S | 2.7 |
| P/EBIT | 14.2 |
| P/E | 27.3 |
| P/CFO | 13.2 |
| Total Yield | 5.3% |
| Dividend Yield | 1.5% |
| FCF Yield 3Y Avg | 4.6% |
| D/E | 0.4 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 4.9% |
| 3M Rtn | 9.7% |
| 6M Rtn | 20.7% |
| 12M Rtn | 13.6% |
| 3Y Rtn | 54.3% |
| 1M Excs Rtn | 1.5% |
| 3M Excs Rtn | 5.3% |
| 6M Excs Rtn | 6.2% |
| 12M Excs Rtn | -1.9% |
| 3Y Excs Rtn | -27.8% |
Comparison Analyses
Price Behavior
| Market Price | $139.66 | |
| Market Cap ($ Bil) | 5.1 | |
| First Trading Date | 02/04/1997 | |
| Distance from 52W High | -23.8% | |
| 50 Days | 200 Days | |
| DMA Price | $146.81 | $148.99 |
| DMA Trend | down | down |
| Distance from DMA | -4.9% | -6.3% |
| 3M | 1YR | |
| Volatility | 38.5% | 35.9% |
| Downside Capture | 124.09 | 93.92 |
| Upside Capture | 75.80 | 54.25 |
| Correlation (SPY) | 23.6% | 42.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.11 | 1.03 | 0.93 | 0.87 | 0.83 | 0.88 |
| Up Beta | -1.63 | 0.27 | 1.01 | 0.71 | 0.89 | 0.92 |
| Down Beta | 1.04 | 0.80 | 0.93 | 0.91 | 0.75 | 0.67 |
| Up Capture | 146% | 99% | 32% | 51% | 54% | 49% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 9 | 20 | 30 | 60 | 114 | 376 |
| Down Capture | 195% | 151% | 133% | 124% | 99% | 104% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 11 | 22 | 33 | 66 | 135 | 375 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of MTN With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| MTN | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -18.9% | 8.3% | 19.2% | 71.9% | 8.9% | 6.0% | -10.4% |
| Annualized Volatility | 35.8% | 24.3% | 19.5% | 19.3% | 15.3% | 17.1% | 35.0% |
| Sharpe Ratio | -0.52 | 0.27 | 0.78 | 2.69 | 0.36 | 0.18 | -0.12 |
| Correlation With Other Assets | 50.6% | 42.8% | -1.5% | 14.4% | 49.0% | 26.2% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
| Comparison of MTN With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| MTN | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -10.1% | 9.8% | 14.9% | 18.7% | 11.7% | 4.8% | 32.6% |
| Annualized Volatility | 31.4% | 23.8% | 17.1% | 15.5% | 18.7% | 18.9% | 48.7% |
| Sharpe Ratio | -0.29 | 0.37 | 0.70 | 0.97 | 0.51 | 0.17 | 0.59 |
| Correlation With Other Assets | 51.4% | 50.4% | 5.1% | 11.8% | 43.3% | 24.1% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of MTN With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| MTN | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 3.4% | 13.1% | 14.7% | 14.9% | 6.9% | 5.2% | 69.2% |
| Annualized Volatility | 31.9% | 22.0% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.18 | 0.55 | 0.70 | 0.83 | 0.31 | 0.22 | 0.90 |
| Correlation With Other Assets | 51.7% | 51.9% | -3.7% | 14.0% | 44.9% | 13.7% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 12/10/2025 | 9.3% | 10.5% | |
| 9/29/2025 | 1.0% | 6.9% | 4.5% |
| 6/5/2025 | -2.9% | -0.8% | 8.9% |
| 3/10/2025 | 7.7% | 5.8% | -13.3% |
| 12/9/2024 | 2.5% | 0.3% | -4.8% |
| 9/26/2024 | -3.9% | -7.4% | -9.3% |
| 6/6/2024 | -10.3% | -6.5% | -9.5% |
| 3/11/2024 | 0.7% | -0.6% | 4.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 10 | 9 |
| # Negative | 10 | 14 | 15 |
| Median Positive | 2.7% | 6.0% | 4.5% |
| Median Negative | -4.3% | -4.5% | -9.4% |
| Max Positive | 9.3% | 10.5% | 11.5% |
| Max Negative | -10.3% | -15.5% | -16.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 10312025 | 12102025 | 10-Q 10/31/2025 |
| 7312025 | 9292025 | 10-K 7/31/2025 |
| 4302025 | 6052025 | 10-Q 4/30/2025 |
| 1312025 | 3102025 | 10-Q 1/31/2025 |
| 10312024 | 12092024 | 10-Q 10/31/2024 |
| 7312024 | 9262024 | 10-K 7/31/2024 |
| 4302024 | 6062024 | 10-Q 4/30/2024 |
| 1312024 | 3112024 | 10-Q 1/31/2024 |
| 10312023 | 12072023 | 10-Q 10/31/2023 |
| 7312023 | 9282023 | 10-K 7/31/2023 |
| 4302023 | 6082023 | 10-Q 4/30/2023 |
| 1312023 | 3092023 | 10-Q 1/31/2023 |
| 10312022 | 12082022 | 10-Q 10/31/2022 |
| 7312022 | 9282022 | 10-K 7/31/2022 |
| 4302022 | 6092022 | 10-Q 4/30/2022 |
| 1312022 | 3142022 | 10-Q 1/31/2022 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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