Vail Resorts $MTN Read from its own SEC filings · nothing written, nothing inferred
🫧 Edgar looked up Vail Resorts, Inc. ($MTN). Last filing: 8-K (5.02 Departure or Election of Directors; Appointment of Officers), 2026-09-02. 14 event filings (8-K) in the past twelve months.
🔖 Exposure: revenue $3.0B (FY2025), total debt $3.2B. Experience: revenue up 2.7% on the year, up 11.6% a year over 4 years; operating margin 18.9%, up from 16.9%. Soundness: equity 7.3% of assets, return on equity 70.2%, payout 110.1% of profit, dividend per share up 4 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $2.6B and $3.5B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $2.3B to $4.0B. A statistical range, not company guidance. Against peers (10 filers, $50M+ revenue, services-miscellaneous amusement & recreation): operating margin 18.9% against a 7.0% median; growth 2.7% against 2.0%.
Gold paid out, navy kept. Kept share × return on equity = the growth it can fund itself. Facts from the filings, not a recommendation.
Speed and cash · fiscal 2025
Both views must agree for a label · a description, not advice.
| Cash flow (op · inv · fin · free) | $555M · −$204M · −$243M · $320M |
| Investment book (cash · short · long) | $440M · — · — · current ratio 0.63 |
| Revenue swing · equity of assets | 12.7% · 5.4% |
Vail Resorts is growing faster than its size class, with revenue that swings more. Its own audited SEC figures.
The figures, as filed
| Fiscal year end | 2025-07-31 |
| Revenue | $3.0B |
| Revenue, on the year | 2.7% |
| Revenue, a year over the record | 11.6% |
| Operating margin | 18.9% |
| Operating margin, prior year | 16.9% |
| Net margin | 10.1% |
| Research and development | not filed separately |
| Total debt | $3.2B |
| Equity of assets | 7.3% |
| Return on equity | 70.2% |
| Payout of profit | 110.1% |
| Dividend per share | $8.88 · up 4 years running |
| Earnings per share | $7.54 |
| Book value per share | $11.41 |
| Revenue per share | $79.68 |
| Shares outstanding | 37,204,000 |
| Audited years read | 5 |
Peers: the median of 10 filers with $50M+ revenue in services-miscellaneous amusement & recreation.
Health HarborVail Resorts sails as: New ship
Health watch · 12 monthsDirector or officer change ×4
Sailing speed follows growth: 5.5% a year crosses the harbor in 64 seconds.
🌊 Visit the Bay →No warning signs on the measures below.
Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.
- 8-K · 2026-09-02 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits
- 8-K · 2026-07-30 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits
- 8-K · 2026-06-24 · 7.01 Regulation FD Disclosure
- 10-Q · 2026-06-08
- 8-K · 2026-06-08 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits
- 8-K · 2026-04-23 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company