Company overview
What does VAIL RESORTS INC do?
VAIL RESORTS INC (MTN) is a U.S. SEC registrant. The Commission classifies the issuer under SIC 7990 (Services-Miscellaneous Amusement & Recreation).
What does VAIL RESORTS INC do?
VAIL RESORTS INC (MTN) is a U.S. SEC registrant. The Commission classifies the issuer under SIC 7990 (Services-Miscellaneous Amusement & Recreation).
What industry is VAIL RESORTS INC in?
Gaming · Services-Miscellaneous Amusement & Recreation
What was VAIL RESORTS INC's latest reported revenue?
$1.2B for Q2 2026, from 10-Q filed Jun 8, 2026.
What changed in the latest comparable period?
Revenue declined -7.0% ($1.3B to $1.2B; Q2 2025 vs Q2 2026).
Business model (from the public record)
Belvedere describes the business using the issuer’s SEC classification and the company description extracted from public filings. Segment mix, customer identity, and recurring-versus-transactional revenue are shown only when those facts are identified in the filing extract—not inferred.
Gaming · Services-Miscellaneous Amusement & Recreation · United States
Financial profile
- Revenue
- $1.2B 10-Q · Q2 2026 · Filed Jun 8, 2026
- Revenue growth YoY
- -7.0% Belvedere calculation · 10-Q · Q2 2026 · Filed Jun 8, 2026
- Gross margin
- — Not identified in latest matched XBRL period
- Operating margin
- +41.0% Belvedere calculation · 10-Q · Q2 2026 · Filed Jun 8, 2026
- Net income
- $314.4M 10-Q · Q2 2026 · Filed Jun 8, 2026
- Operating cash flow
- — Not identified in latest matched XBRL period
- Capex
- — Not identified in latest matched XBRL period
- Belvedere FCF
- — Not identified in latest matched XBRL period
- FCF margin
- — Not identified in latest matched XBRL period
- Cash
- $371.4M 10-Q · Apr 30, 2026 · Filed Jun 8, 2026
- Debt
- $3B Belvedere calculation · 10-Q · Apr 30, 2026 · Filed Jun 8, 2026
- Net debt
- $2.7B Belvedere calculation · 10-Q · Apr 30, 2026 · Filed Jun 8, 2026
- Shares
- — Not identified in latest matched XBRL period
Balance sheet snapshot
Cash $371.4M. Identified debt $3B. Net debt $2.7B. Missing debt tags are not treated as a zero-debt capital structure.
Financial information is derived from public filings and other identified sources. Belvedere calculations may differ from company-defined non-GAAP measures. See methodology and source notes. Valuation multiples are omitted because a licensed market-data provider is not configured.
Latest filings
| Form | Filed | Period | Accession | Source |
|---|---|---|---|---|
| 8-K | Sep 2, 2026 | Sep 2, 2026 | 0000812011-26-000035 | SEC |
| 8-K | Jul 30, 2026 | Jul 29, 2026 | 0000812011-26-000032 | SEC |
| 8-K | Jun 24, 2026 | Jun 23, 2026 | 0000812011-26-000029 | SEC |
| 10-Q | Jun 8, 2026 | Apr 30, 2026 | 0000812011-26-000026 | SEC |
| 8-K | Jun 8, 2026 | Jun 8, 2026 | 0000812011-26-000025 | SEC |
| 8-K | Apr 23, 2026 | Apr 23, 2026 | 0000812011-26-000024 | SEC |
| 8-K | Mar 17, 2026 | Mar 17, 2026 | 0000812011-26-000019 | SEC |
| 10-Q | Mar 9, 2026 | Jan 31, 2026 | 0000812011-26-000014 | SEC |
| 8-K | Mar 9, 2026 | Mar 9, 2026 | 0000812011-26-000013 | SEC |
| 8-K | Feb 12, 2026 | Feb 9, 2026 | 0000812011-26-000010 | SEC |
| 8-K | Jan 15, 2026 | Jan 15, 2026 | 0000812011-26-000002 | SEC |
| 8-K | Dec 10, 2025 | Dec 9, 2025 | 0000812011-25-000242 | SEC |
| 10-Q | Dec 10, 2025 | Oct 31, 2025 | 0000812011-25-000241 | SEC |
| 8-K | Dec 10, 2025 | Dec 10, 2025 | 0000812011-25-000240 | SEC |
| 8-K | Nov 21, 2025 | Nov 21, 2025 | 0000812011-25-000230 | SEC |
| DEF 14A | Oct 30, 2025 | Oct 30, 2025 | 0000812011-25-000221 | SEC |
What changed
Each line is an arithmetic comparison of sourced facts. It is not a thesis.
Research view
Belvedere has not published an initiation or update on VAIL RESORTS INC. Universe inclusion is not a rating, a forecast, or coverage in the sell-side sense.
Research Radar
| Kind | Change | Explanation | Source | Date |
|---|---|---|---|---|
| Revenue | -7.0% | Revenue declined -7.0% ($1.3B to $1.2B; Q2 2025 vs Q2 2026). | 10-Q · Revenues | Jun 8, 2026 |
| Revenue acceleration | -2.3 pp | Quarterly revenue YoY growth moved from -4.7% to -7.0% (-2.3 percentage points). | 10-Q · BelvedereRevenueGrowthYoY | Jun 8, 2026 |
| Cash | $371.4M | Cash and cash equivalents were $371.4M as of the latest reported balance-sheet date. | 10-Q · CashAndCashEquivalentsAtCarryingValue | Jun 8, 2026 |
Rankings
VAIL RESORTS INC does not currently meet the published eligibility rules of a live Belvedere ranking.
Industry context
VAIL RESORTS INC is mapped to Gaming (Services-Miscellaneous Amusement & Recreation) from SIC metadata on the SEC submission. Mapping is a classification convenience, not a claim that every peer is economically comparable.
Belvedere Research Profile
This measures researchable information characteristics. It is not investment advice, a credit rating, or a buy/sell/hold recommendation.
Presence of core income-statement, cash-flow and balance-sheet concepts in SEC XBRL.
Comparable-period revenue history and operating-result availability.
Availability of margin, cash-flow and per-share concepts used in screening.
SEC periodic reports, current reports, proxy statement and website identified in submissions.
Distinct filing years in the current archive window plus comparable prior-period revenue.
Risks
Belvedere does not manufacture generic risk language. Material risks are those the issuer discloses in its periodic reports, particularly Item 1A of the latest Form 10-K.
A Form 10-K was not present in the current filing window.
Sources
- Source
- U.S. Securities and Exchange Commission
- Form
- 10-Q
- Period
- Q2 2026
- Filed
- Jun 8, 2026
- Accession
- 0000812011-26-000026
- Concept
- Revenues
- Source
- U.S. Securities and Exchange Commission
- Form
- 10-Q
- Period
- Q2 2026
- Filed
- Jun 8, 2026
- Accession
- 0000812011-26-000026
- Concept
- BelvedereRevenueGrowthYoY
(Revenues 2026-04-30 / Revenues 2025-04-30) - 1
View filing- Source
- U.S. Securities and Exchange Commission
- Form
- 10-Q
- Period
- Apr 30, 2026
- Filed
- Jun 8, 2026
- Accession
- 0000812011-26-000026
- Concept
- CashAndCashEquivalentsAtCarryingValue
Disclosure
Belvedere Research publishes informational analysis. Nothing on this site is investment advice, an offer, or a solicitation to buy or sell any security.
This page is a company intelligence / data profile. It is not a research report unless a dated note is attached above. Rankings appearing here are independent of any issuer compensation.
Frequently asked questions
- What does VAIL RESORTS INC do?
- VAIL RESORTS INC (MTN) is a U.S. SEC registrant. The Commission classifies the issuer under SIC 7990 (Services-Miscellaneous Amusement & Recreation).
- What industry is VAIL RESORTS INC in?
- VAIL RESORTS INC is classified in Gaming (Services-Miscellaneous Amusement & Recreation).
- When did VAIL RESORTS INC last file a periodic report?
- VAIL RESORTS INC last filed a 10-Q on Jun 8, 2026 (accession 0000812011-26-000026).
- What was VAIL RESORTS INC's latest revenue?
- $1.2B for Q2 2026, sourced from 10-Q filed Jun 8, 2026.
- Does Belvedere cover VAIL RESORTS INC?
- VAIL RESORTS INC is in the Belvedere universe. Presence in the universe is not the same as active initiation coverage.