Vail Resorts (MTN) Stock Falls on Q3 2026 Earnings

Vail Resorts Inc. (MTN) reported third-quarter 2026 results with revenue of $1.21 billion and diluted EPS of 8.81, versus analyst estimates of EPS 9.05 and revenue $1.23 billion.

Gross profit strengthened to $1.15 billion (+52.8% year‑over‑year).

Operating profit was $494.1 million (down 15.0% year‑over‑year).

Net income attributable to common shareholders totaled $314.4 million (down 19.9% year‑over‑year).

Cost of sales stood at $56.7 million (down 89.6% year‑over‑year).

Cash from operating activities was $6.82 million (down 94.2% year‑over‑year).

Capital expenditures (purchases of property, plant and equipment) were about $35.1 million (up 5.5% year‑over‑year).

Cash and cash equivalents totaled $371.4 million (down 22.8% year‑over‑year).

Total liabilities were approximately $4.77 billion (up 5.4% year‑over‑year).

The company missed both top‑line and bottom‑line estimates for the quarter (revenue and EPS below expectations).

Shares moved following the release, with the stock down about 5.25% since market close.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Vail Resorts Inc. Insider Trading Activity

Vail Resorts Inc. insiders have traded $MTN stock on the open market 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $MTN stock by insiders over the last 6 months:

ROBERT A KATZ (CEO & Chairperson of the Board) purchased 37,500 shares for an estimated $4,942,875
ANGELA A KORCH (EVP & Chief Financial Officer) purchased 190 shares for an estimated $25,051

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

EARLY ACCESS

Receive MTN Data Alerts

Real-time alerts on filings, insider trades, and market signals — before everyone else.

Get Alerts →

Vail Resorts Inc. Hedge Fund Activity

We have seen 240 institutional investors add shares of Vail Resorts Inc. stock to their portfolio, and 274 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL WORLD INVESTORS added 1,229,684 shares (+38.5%) to their portfolio in Q1 2026, for an estimated $157,793,050
GEODE CAPITAL MANAGEMENT, LLC added 986,175 shares (+140.7%) to their portfolio in Q1 2026, for an estimated $126,545,976
CAPITAL INTERNATIONAL INVESTORS removed 771,308 shares (-16.1%) from their portfolio in Q1 2026, for an estimated $98,974,242
FMR LLC added 722,657 shares (+151.2%) to their portfolio in Q1 2026, for an estimated $92,731,346
EMINENCE CAPITAL, LP added 714,077 shares (+inf%) to their portfolio in Q1 2026, for an estimated $91,630,360
NOMURA HOLDINGS INC added 279,414 shares (+inf%) to their portfolio in Q1 2026, for an estimated $35,854,404
HSBC HOLDINGS PLC removed 249,127 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $33,084,065

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

Vail Resorts Inc. Government Contracts

We have seen $2,116,000 of award payments to $MTN over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

CS-GRTE001 INTELLECTUAL PROP PURCHASE: $2,116,000

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

Vail Resorts Inc. Analyst Ratings

Wall Street analysts have issued reports on $MTN in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Truist Securities issued a "Buy" rating on 12/29/2025

To track analyst ratings and price targets for Vail Resorts Inc., check out Quiver Quantitative's $MTN forecast page.

Vail Resorts Inc. Price Targets

Multiple analysts have issued price targets for $MTN recently. We have seen 10 analysts offer price targets for $MTN in the last 6 months, with a median target of $160.5.

Here are some recent targets:

Ben Chaiken from Mizuho set a target price of $191.0 on 06/08/2026
Patrick Scholes from Truist Securities set a target price of $212.0 on 04/23/2026
Arpine Kocharyan from UBS set a target price of $139.0 on 04/17/2026
Stephen Grambling from Morgan Stanley set a target price of $147.0 on 03/12/2026
Anthony Bonadio from Wells Fargo set a target price of $135.0 on 03/11/2026
Brandt Montour from Barclays set a target price of $138.0 on 03/10/2026
Jeffrey Stantial from Stifel set a target price of $172.0 on 03/10/2026