📊 MTN Key Takeaways
Is Vail Resorts Inc. (MTN) a Good Investment?
Vail Resorts generates strong free cash flow ($401M) with healthy operating margins (24.6%), but faces material financial headwinds with excessive leverage (5.48x debt-to-equity) and declining net income (-6.0% YoY) despite modest revenue growth. Weak liquidity (0.91x current ratio) and $3B debt burden significantly constrain operational flexibility in a cyclical leisure business.
Modest revenue growth and strong cash conversion produce healthy free cash flow relative to capex. However, GAAP profitability is thin and the balance sheet is highly leveraged, with weak liquidity and interest coverage near stress levels. Without clear margin expansion and deleveraging, the risk profile outweighs the fundamentals.
Vail Resorts Inc. Key Strengths (MTN)
- Strong free cash flow generation of $401M with 15.7% FCF margin demonstrates cash conversion capability
- Healthy operating margin of 24.6% reflects efficient operations and pricing power in resort services
- Excellent ROE of 61.2% indicates efficient capital deployment and shareholder returns
- Strong operating cash flow and high FCF margin
- Positive YoY revenue growth with 10% operating margin
- Capex burden manageable versus cash generation
MTN Stock Risks: Vail Resorts Inc. Investment Risks
- Excessive leverage with 5.48x debt-to-equity and $3.0B long-term debt against $551.7M equity severely constrains financial flexibility
- Net income declined 6.0% YoY while revenue grew only 2.7%, indicating margin compression and operational challenges
- Poor liquidity with 0.91x current ratio means current liabilities exceed current assets, creating short-term solvency risk
- High leverage (9.7x D/E) and low interest coverage (1.3x)
- Weak liquidity (0.62x current, 0.51x quick) and refinancing risk
- Low net margin (1.7%) and ROA (0.4%) leave little cushion
Key Metrics to Watch
- Net income and operating margin trends; debt-to-EBITDA ratio and deleveraging progress
- Free cash flow sustainability and allocation priority (debt reduction vs. dividends vs. buybacks)
- Current ratio and working capital trends; interest coverage ratio stability in rising rate environment
- Interest coverage
- Free cash flow margin
Vail Resorts Inc. (MTN) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
MTN Profit Margin, ROE & Profitability Analysis
MTN vs Services Sector: How Vail Resorts Inc. Compares
How Vail Resorts Inc. compares to Services sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Vail Resorts Inc. Stock Overvalued? MTN Valuation Analysis 2026
Based on fundamental analysis, Vail Resorts Inc. has mixed fundamental signals relative to the Services sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Vail Resorts Inc. Balance Sheet: MTN Debt, Cash & Liquidity
MTN Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Vail Resorts Inc.'s revenue has grown significantly by 30% over the 5-year period, indicating strong business expansion. The most recent EPS of $6.69 reflects profitable operations.
MTN Revenue Growth, EPS Growth & YoY Performance
MTN Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2026 | $1.2B | $314.4M | $8.81 |
| Q2 2026 | $1.1B | $23.3M | $0.65 |
| Q1 2026 | $260.3M | -$173.3M | $-4.62 |
| Q3 2025 | $1.3B | $362.0M | $9.54 |
| Q2 2025 | $1.1B | $43.8M | $1.15 |
| Q1 2025 | $258.6M | -$172.8M | $-4.60 |
| Q3 2024 | $1.2B | $325.0M | $8.18 |
| Q2 2024 | $1.1B | $43.8M | $1.15 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Vail Resorts Inc. Dividends, Buybacks & Capital Allocation
MTN SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Vail Resorts Inc. (CIK: 0000812011)
📋 Recent SEC Filings
❓ Frequently Asked Questions about MTN
What is the AI rating for MTN?
Vail Resorts Inc. (MTN) has a Combined AI Grade of C from Claude (B) and ChatGPT (C) with 69% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are MTN's key strengths?
Claude: Strong free cash flow generation of $401M with 15.7% FCF margin demonstrates cash conversion capability. Healthy operating margin of 24.6% reflects efficient operations and pricing power in resort services. ChatGPT: Strong operating cash flow and high FCF margin. Positive YoY revenue growth with 10% operating margin.
What are the risks of investing in MTN?
Claude: Excessive leverage with 5.48x debt-to-equity and $3.0B long-term debt against $551.7M equity severely constrains financial flexibility. Net income declined 6.0% YoY while revenue grew only 2.7%, indicating margin compression and operational challenges. ChatGPT: High leverage (9.7x D/E) and low interest coverage (1.3x). Weak liquidity (0.62x current, 0.51x quick) and refinancing risk.
What is MTN's revenue and growth?
Vail Resorts Inc. reported revenue of $2.6B.
Does MTN pay dividends?
Vail Resorts Inc. pays dividends, with $238.0M distributed to shareholders in the trailing twelve months.
Where can I find MTN SEC filings?
Official SEC filings for Vail Resorts Inc. (CIK: 0000812011) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is MTN's EPS?
Vail Resorts Inc. has a diluted EPS of $9.43.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is MTN's fundamental grade?
Based on our AI fundamental analysis in June 2026, Vail Resorts Inc. has a C grade with 69% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is MTN stock overvalued or undervalued?
Valuation metrics for MTN: ROE of 61.2% (sector avg: 16%), net margin of 13.2% (sector avg: 10%). Higher ROE suggests strong returns relative to peers.
What is MTN's AI grade for 2026?
Our dual AI analysis gives Vail Resorts Inc. a combined C grade for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.
What is MTN's free cash flow?
Vail Resorts Inc.'s operating cash flow is $582.7M, with capital expenditures of $181.6M. FCF margin is 15.7%.
How does MTN compare to other Services stocks?
Vs Services sector averages: Net margin 13.2% (avg: 10%), ROE 61.2% (avg: 16%), current ratio 0.91 (avg: 1.5).
Is Vail Resorts Inc. carrying too much debt?
MTN has a debt-to-equity ratio of 5.48x, which is above the Services sector average of 0.7x. Combined with a current ratio below 1, this warrants careful monitoring of the balance sheet.
Why is MTN's return on equity (ROE) so high?
Vail Resorts Inc. has a return on equity of 61.2%, significantly above the Services sector average of 16%. A high ROE indicates the company is efficient at generating profits from shareholder equity. This is supported by a 13.2% net margin.