Vail Resorts (MTN)
Operating a cross-border ski-resort network linked by the Epic Pass.
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Operates a cross-border network of destination and close-to-home ski resorts linked by the Epic Pass. Advance season-pass commitments connect the portfolio and are intended to support resort reinvestment; the business remains dependent on visitation and conditions.
Operates destination and close-to-home ski resorts across North America, Australia, and Europe. The Epic Pass links the portfolio through advance season-pass commitments, while resort operations serve guests across its mountain network. Its network includes both destination resorts and close-to-home ski areas. The pass model connects these areas across the network.
Growth has combined its original Colorado resorts with acquisitions including Peak Resorts in the Northeast, Mid-Atlantic, and Midwest, plus Perisher, Whistler Blackcomb, and Crans-Montana. The model depends on visitation and conditions, while pre-season pass commitments are intended to support reinvestment.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 21, 2026 | BNP Paribas | Target | Target: — | Target: $135 |
| Sep 21, 2026 | Exane BNP Paribas | Downgrade | ||
| Sep 18, 2026 | Deutsche Bank | Reiterate | Rating: —Target: $156 | Target: $138 |
| Aug 13, 2026 | Goldman Sachs | Initiate | Rating: —Target: — | Target: $132 |
| Jun 9, 2026 | Truist Financial | Target | Target: $234 | Target: $195 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Apr 30, 2026Cash & short-term investments $371.4M · Total debt $3.26B · Total assets $5.69B · Shareholders' equity $551.7M
- Revenue
- $1.21B
- Operating income
- $494.1M
- Net income
- $340.2M
HistoryDividendAnnual yield
| Institutions | 133.94% | 47.73M shares | |
|---|---|---|---|
| 463 holders · as of Jun 30, 2026 | |||
| Insiders | 1.40% | 499.7K shares | |
| 19 holders · as of Jun 5, 2026 | |||
| Adds to | 135.34% | ||
35.63M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 135.34%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Bamco Inc /NY/Institution | 18.34% | 6.54M | as of Jun 30, 2026 |
Capital World InvestorsInstitution | 12.22% | 4.36M | as of Jun 30, 2026 |
Capital International InvestorsInstitution | 10.72% | 3.82M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 9.58% | 3.41M | as of Jun 30, 2026 |
Oasis Management Co Ltd.Institution | 6.54% | 2.33M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 16, 2026 | Robert A. Katz | director, officer: CEO & Chairperson of the Board | +37,500 | $131.81 |
| Mar 16, 2026 | Angela A. Korch | officer: EVP & Chief Financial Officer | +190 | $131.85 |
| Oct 7, 2025 | Angela A. Korch | officer: EVP & Chief Financial Officer | +210 | $155.00 |
Not reported.