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On November 2, 2026, Vail Resorts, Inc. updated Vote.VailResorts.com with materials relating to its 2026 annual meeting of stockholders.
Vail Resorts, Inc. distributed a mailer to shareholders on November 2, 2026.
Vail Resorts’ proxy update reduces Oasis’s slate to Robert A. Chapek and M. Ashton Hudson, while Gregory S. Meyer remains a nominee. The December 14, 2026 meeting also seeks approval to increase incentive-plan shares from 1,500,000 to 2,250,000.
Vail Resorts is making its largest food investment to date, upgrading popular quick-service menu items with higher-quality ingredients and refined presentation across 15 resorts as part of its Epic Experience commitment.
Useful current figures from the complete screener profile.
* Q4 derived as the full year minus Q1 to Q3.
TL;DR. Vail Resorts guided fiscal 2027 Resort Reported EBITDA to $805M–$865M (vs. $745.7M in FY26) with implied margin ~27.3% ex one-time costs, despite soft FY26 results from historically poor Western U.S. weather that cut skier visits 13.4% and FY26 EBITDA 11.7% year-over-year. Season pass units for 2026/27 are down ~12% and dollars down ~6%, though the company says it is outperforming the industry; management is targeting lift ticket recapture and launched the new Epic Experience growth strategy alongside an expanded $30M resource efficiency program on top of the original $100M target.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Illustrative technical + ownership context — a signal mix, not investment advice.
| Metric | Latest | Period | YoY |
|---|---|---|---|
| dining venues operated | 280 | Fiscal 2026 filing | — |
| Epic Friend Tickets discount off lift tickets | 50% | Fiscal 2026 filing | — |
| Epic Mountain Rewards discount | 20% | Fiscal 2026 filing | — |
| Epic Pass and Epic Local Pass pricing reduction for guests ages 13 to 30 | 20% | Fiscal 2027 filing | — |
| ETP | $94.85 | Twelve Months Ended July 31, 2026 | — |
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| Lodging Reported EBITDA non-GAAP | 16.32M | Twelve Months Ended July 31, 2026 | — |
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| Managed condominium ADR | $393.6 | Twelve Months Ended July 31, 2026 | — |
| Managed condominium RevPAR | $105.39 | Twelve Months Ended July 31, 2026 | — |
| Mountain Reported EBITDA non-GAAP | 729.35M | Twelve Months Ended July 31, 2026 | — |
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| My Epic Gear operates at 12 destination and regional resorts | 12 | Fiscal 2026 filing | — |
| Net debt non-GAAP | $2.92B | As of July 31, 2026 | — |
| Net Debt to trailing twelve months Total Reported EBITDA non-GAAP | 3.9 | As of July 31, 2026 | — |
| Net Real Estate Cash Flow non-GAAP | $2.45M | Twelve Months Ended July 31, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Real Estate Reported EBITDA 7.37M
+0K Non-cash Real Estate cost of sales
+239K Non-cash Real Estate stock-based compensation
-5.16M Change in real estate deposits and recovery of previously incurred project costs/land basis less investments in real estate
= Net Real Estate Cash Flow 2.45M
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| North American resorts | 37 | Fiscal 2026 filing | — |
| Number of destination mountain resorts and regional ski areas | 42 | Fiscal 2026 filing | — |
| owned and managed hotel rooms and condominium units | 4,500 | Fiscal 2026 filing | — |
| Owned hotel ADR | $324.58 | Twelve Months Ended July 31, 2026 | — |
| Owned hotel and managed condominium ADR (combined) | $363.81 | Twelve Months Ended July 31, 2026 | — |
| Owned hotel and managed condominium RevPAR (combined) | $123.25 | Twelve Months Ended July 31, 2026 | — |
| Owned hotel RevPAR | $169.04 | Twelve Months Ended July 31, 2026 | — |
| owned hotels paid occupancy rate | 52.1% | Fiscal 2026 filing | — |
| Pass product days sold decrease | 10% | through September 18, 2026 | — |
| Pass product sales dollars decrease | 6% | through September 18, 2026 | — |
| Pass product units sold decrease | 12% | through September 18, 2026 | — |
| pass products generated approximately 70% of our total lift revenue | 70% | Fiscal 2026 filing | — |
| pass products generated approximately 73% of total visitation (excluding complimentary access) | 73% | Fiscal 2026 filing | — |
| Pass revenue increase | 3.9% | fiscal 2026 | — |
| Real Estate Reported EBITDA non-GAAP | 7.37M | Twelve Months Ended July 31, 2026 | — |
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| Reported EBITDA non-GAAP | $753.04M | Year ended July 31, 2026 filing | — |
| Resort EBITDA margin non-GAAP | 26.3% | Twelve Months Ended July 31, 2026 | — |
| Resort Reported EBITDA non-GAAP | $745.7M | fiscal 2026 | — |
| Resource efficiency transformation cost savings | $45M | fiscal 2026 | — |
| Resource efficiency transformation one-time costs | $11M | fiscal 2026 | — |
| retail/rental locations | 330 | Fiscal 2026 filing | — |
| Total lift revenue decline | 3.5% | fiscal 2026 | — |
| Total liquidity (total cash plus highly liquid short-term investments and revolver availability) | $0.8B | As of July 31, 2026 | — |
| Total Reported EBITDA non-GAAP | 753.04M | Twelve Months Ended July 31, 2026 | — |
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GAAP → non-GAAP reconciliationGAAP Net (loss) income attributable to Vail Resorts, Inc. 147.54M
+23.21M Net (loss) income attributable to noncontrolling interests
+56.21M (Benefit from) provision for income taxes
+305.61M Depreciation and amortization
+6.82M Loss (gain) on disposal of fixed assets and other, net
+19.24M Change in fair value of contingent consideration
-11.13M Investment income and other, net
-80K Foreign currency loss (gain) on intercompany loans
+205.62M Interest expense, net
= Total Reported EBITDA 753.04M
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| Total skier visits | 15.3M | Fiscal 2026 filing | — |
| Visitation decrease | 13.4% | fiscal 2026 | — |
| Lodging | 6.81M | the three months ended April 30, 2026 filing | -44.6% |
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| Managed condominium statistics ADR | $502.67 | the three months ended April 30, 2026 filing | — |
| Managed condominium statistics RevPAR | $174.87 | the three months ended April 30, 2026 filing | — |
| Mountain | 579.61M | the three months ended April 30, 2026 filing | -8.8% |
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| Non-pass ETP | 10.9% | the three months ended April 30, 2026 filing | — |
| One-time expenses attributable to our resource efficiency transformation plan | $2.9M | the three months ended April 30, 2026 filing | — |
| Owned hotel and managed condominium statistics (combined) ADR | $449.66 | the three months ended April 30, 2026 filing | — |
| Owned hotel and managed condominium statistics (combined) RevPAR | $166.25 | the three months ended April 30, 2026 filing | — |
| Owned hotel statistics ADR | $312.54 | the three months ended April 30, 2026 filing | — |
| Owned hotel statistics RevPAR | $137.95 | the three months ended April 30, 2026 filing | — |
| Real Estate | -993K | the three months ended April 30, 2026 filing | -115.6% |
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| Resort | 586.42M | the three months ended April 30, 2026 filing | -9.5% |
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| Revenues from such properties | 95% | the three months ended April 30, 2026 filing | — |
| sale of lift tickets and pass products | 65% | the three months ended April 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
MTN
this stock
Vail Resorts Inc
|
$5.44B | +14.9% | -4.3% | 37.0 | 17.9% |
|
LVS
Las Vegas Sands Corp
|
$25.32B | -37.9% | +15.2% | 16.6 | 3.1% |
|
WYNN
Wynn Resorts Ltd
|
$8.72B | -29.3% | +10.7% | — | 10.7% |
|
MGM
MGM Resorts International
|
$8.47B | -8.2% | +7.1% | 12.7 | 8.3% |
|
CZR
Caesars Entertainment, Inc.
|
$5.98B | +25.4% | +65.0% | — | 11.8% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| MTN | -3.8% | +1.1% | +20.5% | +0.5% | +14.9% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -6.4% | +2.2% | +20.0% | +0.7% | +4.3% |
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
