Vail Resorts Financial Ratios
NYSE: MTNConsumer DiscretionaryServices-Misc. Amusement & RecreationUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Vail Resorts ratio analysis
Vail Resorts earned a net margin of 5.2% in FY 2026, down from 9.4% a year earlier. Return on equity reached 61.3%, meaning Vail Resorts generated 0.61 dollars of profit for every dollar of shareholders' equity, an unusually high figure that often reflects a small equity base after share buybacks. Debt-to-equity stood at 13.25 versus 7.35 the year before, and the current ratio was 0.80.
At the end of FY 2026, MTN traded at 36.3 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 19.8 to 97.5, with a median of 33.8. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Vail Resorts financial ratios (annual)
| Ratio | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 36.26 | 19.77 | 28.69 | 34.47 | 27.73 | 97.51 | 79.35 | 33.05 | 30.99 | 40.93 |
| Price / sales | 1.88 | 1.87 | 2.29 | 3.16 | 3.80 | 6.44 | 3.94 | 4.30 | 5.68 | 4.40 |
| Price / book | 22.19 | 13.03 | 9.32 | 9.11 | 5.95 | 7.71 | 5.87 | 6.50 | 7.19 | 5.34 |
| Operating margin | 14.8% | 18.9% | 16.9% | 17.5% | 23.8% | 13.7% | 11.4% | 21.0% | 20.3% | 19.9% |
| Net margin | 5.2% | 9.4% | 8.0% | 9.2% | 13.8% | 6.7% | 5.0% | 13.3% | 18.9% | 11.0% |
| Free cash flow margin | 8.7% | 10.8% | 13.1% | 11.2% | 20.5% | 21.5% | 11.3% | 19.5% | 20.3% | 17.1% |
| Return on equity (ROE) | 61.3% | 66.0% | 32.6% | 26.5% | 21.6% | 8.0% | 7.5% | 20.1% | 23.9% | 13.4% |
| Return on assets (ROA) | 2.7% | 4.8% | 4.1% | 4.5% | 5.5% | 2.0% | 1.9% | 6.8% | 9.3% | 5.1% |
| Debt / equity | 13.25 | 7.35 | 3.93 | 2.81 | 1.70 | 1.79 | 1.86 | 1.05 | 0.80 | 0.81 |
| Current ratio | 0.80 | 0.63 | 0.82 | 1.07 | 1.61 | 1.78 | 1.10 | 0.73 | 0.91 | 0.72 |
| Revenue growth | -4.3% | 2.7% | -0.1% | 14.4% | 32.3% | -2.7% | -13.6% | 12.9% | 5.5% | 19.1% |
| EPS growth | -45.3% | 23.6% | -9.0% | -21.8% | 173.2% | 29.3% | -66.9% | -19.8% | 74.9% | 30.2% |