Pulling SEC filings + quote and writing the call…
Pulling SEC filings + quote and writing the call…

VAIL RESORTS INC
Next earnings Sep 28, 2026 (after close) · consensus $-5.27 EPS, $278M rev
Last earnings +1.4% on 2026-06-08
Wide-moat ski operator with a sticky pass model and improving margins, but flat visitation, heavy leverage and a >100% payout.
Sources: SEC EDGAR (CIK 0000812011, latest 10-Q filed 2026-06-08) · EODHD · analysis by claude-code · as of 6/21/2026, 9:02:41 PM.
Research and education only — not financial advice. Calls are generated from SEC filings and a delayed/third-party price feed, may be wrong or out of date, and are not a recommendation to buy or sell any security. Do your own research.
Middling fundamentals offset by an attractive price (~36% below fair value) — worth a look on the value angle.
Vail Resorts operates 42 destination mountain resorts and regional ski areas across North America, Europe and Australia, and its key competitive advantage is a subscription-style pass model: lift tickets (including pass products) make up about 57% of Mountain-segment revenue, and pass sales are committed before the season, which smooths cash flow and dampens weather/visitation risk. FY2025 showed the model's resilience in earnings even with a soft top line — revenue grew just 2.7% to $2.96B (reflecting mature, roughly flat skier visitation), but cost discipline drove operating income up 14.5% to $560M (18.9% operating margin) and net income up 21.2% to $280M, with diluted EPS up 23.6% to $7.53 on a 4.3% lower share count.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.91B | $2.53B | $2.89B | $2.89B | $2.96B |
| Gross profit | — | — | — | — | — |
| Operating income | $261M | $602M | $504M | $489M | $560M |
| Net income | $128M | $348M | $266M | $231M | $280M |
| Diluted EPS | $3.13 | $8.55 | $6.69 | $6.09 | $7.53 |
| Net margin | 6.7% | 13.8% | 9.2% | 8.0% | 9.4% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1482 tracked peers · median
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Disclosed under the STOCK Act
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
| 2026-06-04 | KATZ ROBERT A CEO & Chairperson of the Board | Exercise | 2.05K | |
| 2026-06-04 | KATZ ROBERT A CEO & Chairperson of the Board | Tax | 589.00 @ $134.40 | $79.2K |
| 2026-05-01 | DeCecco Julie A. GC & Chief Public Affairs Ofc | Exercise | 73.00 | |
| 2026-05-01 | DeCecco Julie A. GC & Chief Public Affairs Ofc | Tax | 21.00 @ $125.86 | $2.64K |
| 2026-03-16 | Korch Angela A EVP & Chief Financial Officer | Buy | 190.00 @ $131.85 | $25.1K |
| 2026-03-16 | KATZ ROBERT A CEO & Chairperson of the Board | Buy | 37.5K @ $131.81 | $4.94M |
| 2026-02-01 | Korch Angela A EVP & Chief Financial Officer | Exercise | 408.00 | |
| 2026-02-01 | Korch Angela A EVP & Chief Financial Officer | Tax | 202.00 @ $133.07 | $26.9K |
| 2026-02-01 | Korch Angela A EVP & Chief Financial Officer | Exercise | 473.00 | |
| 2026-02-01 | Korch Angela A EVP & Chief Financial Officer | Tax | 235.00 @ $133.07 | $31.3K |
| 2025-11-01 | DeCecco Julie A. GC & Chief Public Affairs Ofc | Exercise | 106.00 | |
| 2025-11-01 | DeCecco Julie A. GC & Chief Public Affairs Ofc | Tax | 31.00 @ $148.33 | $4.60K |