Vail Resorts, Inc.
MTN Consumer Cyclical Resorts & Casinos
Vail Resorts, Inc.’s revenue for fiscal 2026 (year ended July 2026) was $2.8 billion, down 4.26% from fiscal 2025. In the quarter to July 2026, revenue grew 2.50%, EPS fell 10.6%, free cash flow grew 29.4% and total debt was flat, each against the same quarter a year earlier. Dividend growth for five consecutive years; insiders bought in the last twelve months.
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A Balance Sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. It follows the formula: Assets = Liabilities + Shareholders' Equity. Key components include current and non-current assets, current and long-term liabilities, and equity. The Balance Sheet helps businesses and investors evaluate financial stability, liquidity, and capital structure. It's essential for assessing the company's ability to meet its obligations and fund future operations.
| Jul '17 | Jul '18 | Jul '19 | Jul '20 | Jul '21 | Jul '22 | Jul '23 | Jul '24 | Jul '25 | Jul '26 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash and Short Term Investments |
127.66 | 185.04 | 118.39 | 402.09 | 1,258.57 | 1,126.11 | 573.09 | 337.06 | 456.42 | 284.14 |
Receivables |
186.91 | 230.83 | 270.90 | 106.66 | 345.41 | 383.43 | 381.07 | 375.75 | 382.37 | 355.31 |
Inventory |
84.81 | 85.59 | 96.54 | 101.86 | 80.32 | 108.72 | 132.55 | 118.99 | 117.18 | 134.63 |
Other current assets |
33.68 | 37.28 | 42.12 | 54.48 | 61.29 | 173.28 | 121.40 | 70.16 | 93.82 | 102.39 |
Total current assets |
433.07 | 538.74 | 527.94 | 665.09 | 1,745.59 | 1,791.53 | 1,208.11 | 901.96 | 1,049.79 | 876.47 |
Property, Plant, Equpment (Net) |
1,714.15 | 1,627.22 | 1,842.50 | 2,192.68 | 2,067.88 | 2,118.05 | 2,371.56 | 2,418.53 | 2,374.65 | 2,339.51 |
Long-Term Investments |
103.41 | 99.39 | 101.02 | 96.84 | 95.62 | 95.98 | 90.21 | 86.55 | 87.85 | 67.03 |
Goodwill and Intangible Assets (Total) |
1,814.68 | 1,756.26 | 1,914.38 | 2,023.80 | 2,100.16 | 2,068.99 | 2,029.69 | 1,980.51 | 1,973.71 | 1,967.57 |
Long-term assets (Other) |
38.00 | 36.00 | 33.00 | 33.00 | 30.00 | 51.41 | 55.90 | 40.76 | 49.39 | 54.01 |
Total non-current assets |
3,677.65 | 3,526.25 | 3,898.14 | 4,579.14 | 4,505.47 | 4,526.50 | 4,739.64 | 4,784.61 | 4,728.10 | 4,649.98 |
Total Assets |
4,110.72 | 4,064.98 | 4,426.08 | 5,244.23 | 6,251.06 | 6,318.03 | 5,947.75 | 5,686.57 | 5,777.89 | 5,526.45 |
Accounts Payable |
467.67 | 504.53 | 607.86 | 499.11 | 815.47 | 942.83 | 978.02 | 1,000.80 | 1,056.67 | 1,008.40 |
Current Part of Debt |
38.40 | 38.46 | 48.52 | 63.68 | 114.12 | 63.75 | 69.16 | 59.31 | 599.51 | 83.91 |
Current Part of Taxes to Pay |
98.49 | 50.63 | 62.76 | 40.68 | 48.81 | 104.28 | 83.51 | 46.43 | 11.45 | 4.69 |
Total current liabilities |
604.56 | 593.62 | 719.13 | 603.47 | 978.40 | 1,110.85 | 1,130.70 | 1,106.54 | 1,667.63 | 1,096.99 |
Long Term Debt (Total) |
1,234.02 | 1,234.28 | 1,527.74 | 2,387.12 | 2,736.18 | 2,670.30 | 2,750.68 | 2,731.49 | 2,594.77 | 3,102.46 |
Long Term Tax Liability (Deferred) |
171.44 | 133.92 | 168.76 | 234.19 | 252.82 | 268.46 | 276.14 | 276.79 | 252.04 | 262.18 |
Non-current Liabilities (Other) |
301.74 | 291.51 | 283.60 | 270.25 | 264.03 | 246.36 | 286.26 | 311.77 | 294.46 | 317.17 |
Total non-current liabilities |
1,707.20 | 1,659.70 | 1,980.10 | 3,109.10 | 3,443.59 | 3,359.69 | 3,481.40 | 3,555.16 | 3,356.36 | 3,872.06 |
Total liabilities |
2,311.76 | 2,253.32 | 2,699.24 | 3,712.57 | 4,421.99 | 4,470.54 | 4,612.09 | 4,661.70 | 5,023.98 | 4,969.05 |
Additional Paid In Capital |
1,222.51 | 1,137.47 | 1,130.08 | 1,131.62 | 1,196.99 | 1,184.58 | 1,124.43 | 1,145.61 | 1,171.54 | 1,195.50 |
Common Stock (Net) |
0.45 | 0.46 | 0.46 | 0.46 | 0.47 | 0.47 | 0.47 | 0.47 | 0.47 | 0.47 |
Retained Earnings |
550.99 | 726.72 | 759.80 | 645.90 | 773.75 | 895.89 | 873.71 | 766.83 | 718.66 | 549.07 |
Treasury Stock |
247.19 | 272.99 | 357.99 | 404.41 | 404.41 | 479.42 | 984.31 | 1,135.69 | 1,408.28 | 1,453.76 |
Shareholders Equity (Other) |
0.00 | 0.00 | 0.00 | — | — | — | — | — | — | — |
Common Equity (Total) |
1,798.96 | 1,811.66 | 1,726.84 | 1,531.67 | 1,829.07 | 1,847.48 | 1,335.66 | 1,024.88 | 753.90 | 557.40 |
Shareholders Equity (Total) |
1,798.96 | 1,811.66 | 1,726.84 | 1,531.67 | 1,829.07 | 1,847.48 | 1,335.66 | 1,024.88 | 753.90 | 557.40 |
Shareholders Equity and Liabilities (Total) |
4,110.72 | 4,064.98 | 4,426.08 | 5,244.23 | 6,251.06 | 6,318.03 | 5,947.75 | 5,686.57 | 5,777.89 | 5,526.45 |
Shares (Common) |
40.01 | 40.47 | 40.29 | 40.19 | 40.39 | 40.28 | 38.15 | 37.49 | 35.89 | 35.64 |
Shareholders Equity (Tangible) |
(15.72) | 55.40 | (187.54) | (492.13) | (271.09) | (221.50) | (694.03) | (955.63) | (1,219.81) | (1,410.17) |
Net Debt |
1,144.76 | 1,087.69 | 1,457.87 | 2,048.71 | 1,591.72 | 1,607.94 | 2,246.74 | 2,453.74 | 2,737.86 | 2,902.23 |
Total Debt |
1,272.42 | 1,272.73 | 1,576.26 | 2,450.80 | 2,850.29 | 2,734.05 | 2,819.84 | 2,790.81 | 3,194.27 | 3,186.37 |