Return on Tangible Equity (Annual)

Return on Tangible Equity: The amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity. Calculated as: Income from Continuing Operations / Tangible Shareholders Equity

Vail Resorts, Inc. (MTN) had Return on Tangible Equity of -24.43% for the most recently reported fiscal year, ending 2025-07-31.

Quarterly Annual

Figures for fiscal year ending 2025-07-31

Income Statement Financials
Revenue	$2.96B
Net Income	$280.00M
Cost of Goods Sold	$1.70B
Gross Profit	$1.27B
Operating Expenses	$2.40B
Operating Income	$559.96M
Non-Operating Income/Expense	$-157.56M
Pre-Tax Income	$402.40M
Normalized Pre-Tax Income	$402.40M
Income after Taxes	$297.98M
Income from Continuous Operations	$297.98M
Consolidated Net Income/Loss	$297.98M
Normalized Income after Taxes	$297.98M
EBIT	$559.96M
EBITDA	$856.40M
Weighted-Average Shares Outstanding (Basic)	37.16M
Weighted-Average Shares Outstanding (Diluted)	37.20M
Earnings per Share (EPS) (Basic)	$7.54
Earnings per Share (EPS) (Diluted)	$7.53
Balance Sheet Financials
Current Assets	$1.05B
Property, Plant, and Equipment	$2.37B
Long-Term Assets	$4.73B
Total Assets	$5.78B
Current Liabilities	$1.67B
Long-Term Debt	$2.59B
Long-Term Liabilities	$3.36B
Total Liabilities	$5.02B
Common Equity	$753.90M
Tangible Shareholders Equity	$-1.22B
Shareholders Equity	$753.90M
Common Shares Outstanding	35.88M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$554.87M
Cash Flow from Investing Activities	$-204.50M
Cash Flow from Financial Activities	$-242.65M
Beginning Cash	$337.06M
End Cash	$456.42M
Increase/Decrease in Cash	$119.36M
Stock-Based Compensation	$33.96M
Common Stock Dividends Paid	$-328.17M
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	0.63
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.77
Debt to Equity Ratio	4.24
Gross Margin	42.78%
Operating Margin	18.89%
EBIT Margin	18.89%
EBITDA Margin	28.89%
Pre-Tax Profit Margin	13.57%
Profit Margin	9.45%
Free Cash Flow	$332.05M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.51
Inventory Turnover	14.48
Receiveable Turnover	7.75
Days Sales in Receivables	47.08
Return on Equity	39.52%
Return on Tangible Equity	-24.43%
Return on Assets	5.16%
Return on Investments	8.90%
Book Value Per Share	$21.01
Free Cash Flow per Share	$8.93
Operating Cash Flow per Share	$14.91

Data from Zacks Investment Research, Inc.