Vail Resorts, Inc.

MTNNYSEConsumer Cyclical● Active

$138.17

+$2.80(+2.07%)

Market Cap$4.9B

P/E Ratio—

52W High$172

52W Low$118.51

Avg Volume846K

Open$135.27

Beta0.73

Free Cash Flow Financials Revenue

Vail Resorts, Inc. (MTN) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

MTN · free cash flow · updated Jun 8, 2026

Core FCF metrics

MTN · FCF · TTM · margin & CAGR

Free cash flow was $319.7M for FY2025 (fiscal year ending 2025-07-31), down 14.9% year-over-year The FCF margin was 10.8%. Five-year CAGR stands at +7.5%.

FY2025 Free Cash Flow$319.7M▼ -14.9% YoY

Trailing 12M (TTM)$286.3Mtrailing 4 quarters sum

FCF Margin10.8%$319.7M ÷ revenue

3-Year CAGR-14.8%FY2022 → FY2025

5-Year CAGR+7.5%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

MTN · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$554.9M(235M)$319.7M▼ 14.9%10.8%

FY2024$586.8M(211M)$375.6M▲ +15.7%13.0%

FY2023$639.6M(315M)$324.7M▼ 37.3%11.2%

FY2022$710.5M(193M)$517.7M▲ +26.2%20.5%

FY2021$525.3M(115M)$410.2M▲ +84.2%21.5%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

MTN · P/FCF · FCF yield · FCF per share

Vail Resorts, Inc. (MTN) trades at a FCF yield of 5.83% and a price-to-free-cash-flow ratio of 17.9x. FCF per share stands at $7.71, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

5.83%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$7.71

TTM FCF ÷ Shares Outstanding

Price / FCF

x17.9

Share Price ÷ FCF per Share

EV / FCF (TTM)

x26.9

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-07-31

Cash flow statement summary

MTN · cash flow statement · operating / investing / financing

For FY2025, Vail Resorts, Inc. generated $554.9M in operating cash flow and spent 235M in capital expenditures, yielding $319.7M in free cash flow.

Operating Activities

+$554.9M

Cash from core business operations

2025-07-31

Investing Activities

−$204.5M

CapEx, acquisitions & investments

2025-07-31

Financing Activities

−$242.6M

Buybacks, dividends & debt

2025-07-31

FCF FormulaOperating CF ($554.9M) − |CapEx| (235M) = FCF ($319.7M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

MTN vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Vail Resorts, Inc.YOU

MTN

$319.7M-14.9%10.8%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Vail Resorts, Inc. (MTN) reported free cash flow of $319.7M for FY2025 (fiscal year ending 2025-07-31), down 14.9% year-over-year. The FCF margin was 10.8%.

Based on available data, Vail Resorts, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $517.7M in FY2022. The 5-year CAGR stands at +7.5%.

Vail Resorts, Inc.'s FCF yield is 5.83% and price-to-FCF ratio is 17.9x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

MTN free cash flow · 8 questions

Vail Resorts, Inc. free cash flow was $319.7M for FY2025, down 14.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $286.3M.

MTN free cash flowMTN FCFMTN FCF 2025MTN free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Vail Resorts, Inc. · Vail Resorts, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026