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VAIL RESORTS INC MTN

NYSE · stock · Services-Miscellaneous Amusement & Recreation · website · IPO 1997-02-04 · LEI

VAIL RESORTS INC statistics & valuation

Market cap$4.9B
P / E17.6×
P / S1.7×
P / B6.5×
Dividend yield6.68%
Net margin9.4%
Return on equity37.1%
Net debt$2.8B
Net debt / EBITDA3.2×
Enterprise value USD$7.7B
EV / EBITDA9×
Earnings yield EBIT/EV7.3%
Return on capital13.6%
Graham number -60.5%$58.59

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($58.59); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
9.40% 11.00% 18.90% 13.30% 5.00% 6.70% 13.80% 9.20% 8.00% 9.40% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
17.70% 19.90% 20.30% 21.00% 11.40% 13.70% 23.80% 17.50% 16.90% 18.90% 2016201720182019202020212022202320242025
Return on equity (%)
16.90% 11.70% 21.00% 17.40% 6.50% 7.00% 19.00% 20.10% 22.50% 37.10% 2016201720182019202020212022202320242025
Shares outstanding
37.3M 40.4M 41.6M 41.2M 40.8M 40.8M 40.7M 39.8M 38.0M 37.2M 2016201720182019202020212022202320242025
Net debt ($)
$634.4M $1.16B $1.10B $1.47B $2.05B $1.70B $1.70B $2.26B $2.46B $2.75B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
6.00% 5.10% 9.30% 6.80% 1.90% 2.00% 5.50% 4.50% 4.10% 4.80% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.79× 0.71× 0.70× 0.92× 1.60× 1.61× 1.53× 2.14× 2.72× 4.24× 2016201720182019202020212022202320242025
EPS ($)
$4.01 $5.22 $9.13 $7.32 $2.42 $3.13 $8.55 $6.69 $6.09 $7.53 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

VAIL RESORTS INC trades at about 19.7× earnings — below its 10-year norm (10-year range 21.8×–97.4×, median 33.8×).

19.7× 97.4×

Shaded band = 10-year range (21.8×–97.4×); dot = today's 19.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin18.9%16.9%17.5%23.8%13.7%11.4%21.0%20.3%19.9%17.7%
Net margin9.4%8.0%9.2%13.8%6.7%5.0%13.3%18.9%11.0%9.4%
Return on assets4.8%4.1%4.5%5.5%2.0%1.9%6.8%9.3%5.1%6.0%
Return on equity37.1%22.5%20.1%19.0%7.0%6.5%17.4%21.0%11.7%16.9%
Debt / equity4.24×2.72×2.14×1.53×1.61×1.60×0.92×0.70×0.71×0.79×
Current ratio0.630.821.071.611.781.100.730.910.720.64

Computed from company filings · US · as of 2025-07-31. Facts plus Stocktoria's own computed scores — not investment advice.