Friday 6 November 2026 Export MTN’s income statement to Excel — free account

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.

Revenue: +2.50%
EPS: −5.12%
Free cash flow: +29.4%
Total debt: −0.25%

Quarter to July 2026, against a year earlier

158.72 2.36 −1.47%

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Market cap: $5.7B
P/E: 38.2×
Fwd P/E: 27.1×
Dividend yield: 5.59%
F-score: 5/9
Altman Z: 1.50
Beneish M: −2.80
Dividend safety: 18/100

Overview

Vail Resorts, Inc. (MTN) Debt to equity

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Vail Resorts, Inc.'s debt to equity at the end of the quarter to 31 July 2026 was 5.7×. Over the past ten years it has ranged from 0.7× (fiscal 2018) to 5.7× (fiscal 2026) — the current reading is the highest in ten years. That is above the Resorts & Casinos industry median of 0.1× and above the Consumer Cyclical sector median of 0.2×.

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<iframe src="https://stockrow.com/embed/MTN/debt-to-equity" width="100%" height="360" style="border:0" loading="lazy" title="Vail Resorts, Inc. debt to equity, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/MTN/metrics/debt-to-equity">Vail Resorts, Inc. (MTN) debt to equity — stockrow.com</a></p>

Period	Debt to equity	Change
FY2026	5.7×	34.92%
FY2025	4.2×	55.59%
FY2024	2.7×	28.98%
FY2023	2.1×	42.66%
FY2022	1.5×	(5.03%)
FY2021	1.6×	(2.61%)
FY2020	1.6×	75.30%
FY2019	0.9×	29.94%
FY2018	0.7×	(0.68%)
FY2017	0.7×	(10.26%)

Period	Debt to equity	Change
Jul 2026	5.7×	73.23%
Apr 2026	3.3×	(27.40%)
Jan 2026	4.5×	(32.95%)
Oct 2025	6.8×	60.00%
43 more quarters	Free account

Against its own ten years

Low 0.7× High 5.7×

Ten-year median 1.5×

Current reading's percentile 100

Company	Debt to equity
WYNN Wynn Resorts, Limited compare	−10.9×
PENN PENN Entertainment, Inc. compare	0.0×
RRR Red Rock Resorts, Inc. compare	0.1×
BYD Boyd Gaming Corporation compare	1.1×
MGM MGM Resorts International compare	1.7×
VAC Marriott Vacations Worldwide Corporation compare	2.5×
HGV Hilton Grand Vacations Inc. compare	5.3×
MTN Vail Resorts, Inc.	5.7×
CZR Caesars Entertainment, Inc. compare	7.2×
Resorts & Casinos industry median	0.1×
Consumer Cyclical sector median	0.2×
Market median	0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

Vail Resorts, Inc. (MTN) Debt to equity

Debt to equity, annual

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Against its own ten years

Debt to equity against peers

What Debt to equity is

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Debt to equity, annual

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Against its own ten years

Debt to equity against peers

What Debt to equity is

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