Vail Resorts, Inc. (MTN) — Financial statements
Income statement, balance sheet, and cash flow for Vail Resorts, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 2,964↑2.7% | 2,885↓0.1% | 2,889↑14.4% | 2,526↑32.3% | 1,910 | |
| Cost of Revenue | 1,696↑2.4% | 1,656↓0.7% | 1,668↑23.6% | 1,349↑25.0% | 1,080 | |
| Gross Profit | 1,268↑3.2% | 1,229↑0.7% | 1,221↑3.8% | 1,177↑41.8% | 830 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 434↑5.8% | 410↑5.3% | 389↑12.1% | 347↑17.0% | 297 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 434↑5.8% | 410↑5.3% | 389↑12.1% | 347↑17.0% | 297 | |
| Other Expenses | 274↓16.9% | 330↑1.0% | 327↑43.9% | 227↓16.4% | 272 | |
| Operating Expenses | 708↓4.4% | 740↑3.3% | 717↑24.7% | 575↑1.0% | 569 | |
| Total Costs & Expenses | 2,404↑0.3% | 2,396↑0.5% | 2,385↑23.9% | 1,924↑16.7% | 1,649 | |
| Operating Results | ||||||
| Operating Income | 560↑14.5% | 489↓3.1% | 504↓16.2% | 602↑130.5% | 261 | |
| Depreciation & Amortization | 296↑6.2% | 279↑3.7% | 269↑6.7% | 252↓0.1% | 253 | |
| EBITDA | 870↑11.1% | 783↓1.5% | 795↓7.3% | 858↑62.1% | 529 | |
| EBIT | 574↑13.8% | 504↓4.1% | 526↓13.1% | 605↑118.9% | 277 | |
| Interest & Other Income | ||||||
| Net Interest Income | -172↓4.3% | -165↓5.9% | -155↓4.9% | -148↑2.1% | -151 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00↓100.0% | 0.59 | |
| Interest Expense | 172↑4.3% | 165↑5.9% | 155↑4.9% | 148↓2.1% | 151 | |
| Non-Operating Income | -14↑9.3% | -16↑27.7% | -21↓493.0% | -4↑76.8% | -16 | |
| Other Income / Expenses | -158↓5.7% | -149↓11.3% | -134↑7.3% | -145↓6.4% | -136 | |
| Income Before Tax | 402↑18.4% | 340↓8.3% | 370↓19.0% | 457↑265.2% | 125 | |
| Income Tax Expense | 104↑12.6% | 93↑5.9% | 88↓1.3% | 89↑12134.7% | 0.73 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 298↑20.6% | 247↓12.7% | 283↓23.2% | 368↑196.0% | 124 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 280↑21.2% | 231↓13.1% | 266↓23.6% | 348↑172.1% | 128 | |
| Bottom-Line Net Income | 280↑21.2% | 231↓13.1% | 266↓23.6% | 348↑172.1% | 128 | |
| EPS (Basic) | 7.54↑24.0% | 6.08↓9.3% | 6.70↓22.1% | 8.60↑171.3% | 3.17 | |
| EPS (Diluted) | 7.53↑24.1% | 6.07↓9.3% | 6.69↓21.8% | 8.55↑173.2% | 3.13 | |
| Weighted Average Shares | 37↓1.9% | 38↓4.5% | 40↓2.0% | 40↑0.4% | 40 | |
| Weighted Average Diluted Shares | 37↓2.0% | 38↓4.5% | 40↓2.3% | 41↓0.3% | 41 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.