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MTN

Vail Resorts, Inc.

MTN · NYSEConsumer Discretionary
The economic chain
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Raw inputs
Equipment
Foundry
Chip design
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AI demand
Inputs &suppliersfarms, factories, ingredi…Sourcing &enablerstraders, cloud, payments,…Brands &platformsthe hub that sellsDistribution &retaillogistics, stores, channe…Consumerswho actually paysUSFSUS Forest ServiceLFTLift & snowmaking makersPWRUtilities & fuelF&BFood, beverage & retail goodsTECCloud, data & paymentsOTATravel & booking channelsMTNVail ResortsEPICEpic PassRRLodging (RockResorts)IKONAlterra (Ikon Pass)PASSEpic Pass holdersDESTDestination guestsYOUSkiers & ridersHOMEResort homeowners & communities
Company details
Market cap
$6.0B
P/E ratio
21×
Div yield
5.5%
EPS (TTM)
$7.51
Profit margin
9.4%
Rev. growth
+2.9%
Revenue
$2.96B
Resort EBITDA
$844M
In plain English
Vail Resorts is the world's largest mountain-resort operator — 42 ski resorts across the US, Canada, Switzerland and Australia, anchored by Vail, Breckenridge, Park City and Whistler Blackcomb. Its real product isn't the ski day; it's the Epic Pass, sold months ahead: ~2.3M guests pre-commit ~$1B before the first snowfall, locking in demand and turning a weather-dependent business into a subscription.
In simple terms
What Vail Resorts, Inc. really sells
Vail Resorts is the world's largest mountain-resort operator — 42 ski resorts across the US, Canada, Switzerland and Australia, anchored by Vail, Breckenridge, Park City and Whistler Blackcomb. Its real product isn't the ski day; it's the Epic Pass, sold months ahead: ~2.3M guests pre-commit ~$1B before the first snowfall, locking in demand and turning a weather-dependent business into a subscription.
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Risk read
Elevated
SteadierMore speculative
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