Vail Resorts annual free cash flow
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2025
Vail Resorts Free Cash Flow (FCF) History (MTN)
Vail Resorts reported $319.7M in free cash flow for fiscal 2025, a decrease of 15.39% from the previous fiscal year, with a free cash flow margin of 10.78%.
View full Vail Resorts company overviewVail Resorts free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-07-31 | $319.7M | −$58.1M | −15.39% | +10.78% |
| 2024 | 2024-07-31 | $377.8M | $54.9M | +16.99% | +13.10% |
| 2023 | 2023-07-31 | $322.9M | −$194.7M | −37.62% | +11.18% |
| 2022 | 2022-07-31 | $517.7M | $107.5M | +26.22% | +20.49% |
| 2021 | 2021-07-31 | $410.2M | $187.5M | +84.24% | +21.48% |
| 2020 | 2020-07-31 | $222.6M | −$219.6M | −49.66% | +11.34% |
| 2019 | 2019-07-31 | $442.2M | $34.3M | +8.41% | +19.47% |
| 2018 | 2018-07-31 | $407.9M | $81.3M | +24.90% | +20.28% |
| 2017 | 2017-07-31 | $326.6M | −$1.2M | −0.36% | +17.12% |
| 2016 | 2016-07-31 | $327.7M | $148.0M | +82.30% | +20.47% |
| 2015 | 2015-07-31 | $179.8M | $52.2M | +40.92% | +12.84% |
| 2014 | 2014-07-31 | $127.6M | $96,000 | +0.08% | +10.17% |
| 2013 | 2013-07-31 | $127.5M | $74.7M | +141.46% | +11.37% |
| 2012 | 2012-07-31 | $52.8M | −$118.9M | −69.24% | +5.15% |
| 2011 | 2011-07-31 | $171.6M | $204.7M | — | +14.71% |
| 2010 | 2010-07-31 | −$33.0M | −$60.8M | — | −3.69% |
| 2009 | 2009-07-31 | $27.8M | — | — | +2.77% |
Vail Resorts quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q3 2026 | 2026-04-30 | −$28.2M | −$110.5M | — | −2.34% |
| Q2 2026 | 2026-01-31 | $185.0M | −$66.4M | −26.42% | +17.07% |
| Q1 2026 | 2025-10-31 | $244.3M | $32.5M | +15.37% | +90.13% |
| Q4 2025 | 2025-07-31 | −$225.7M | −$77.6M | — | −83.18% |
| Q3 2025 | 2025-04-30 | $82.2M | −$2.8M | −3.32% | +6.35% |
| Q2 2025 | 2025-01-31 | $251.4M | $85.7M | +51.68% | +22.11% |
| Q1 2025 | 2024-10-31 | $211.7M | −$63.4M | −23.04% | +81.35% |
| Q4 2024 | 2024-07-31 | −$148.1M | −$5.4M | — | −55.80% |
| Q3 2024 | 2024-04-30 | $85.0M | $18.3M | +27.51% | +6.63% |
| Q2 2024 | 2024-01-31 | $165.8M | −$24.3M | −12.78% | +15.38% |
| Q1 2024 | 2023-10-31 | $275.1M | $66.2M | +31.70% | +106.40% |
| Q4 2023 | 2023-07-31 | −$142.7M | −$49.2M | — | −52.89% |
| Q3 2023 | 2023-04-30 | $66.7M | −$62.0M | −48.17% | +5.38% |
| Q2 2023 | 2023-01-31 | $190.0M | $6.5M | +3.52% | +17.25% |
| Q1 2023 | 2022-10-31 | $208.9M | −$90.0M | −30.11% | +74.75% |
| Q4 2022 | 2022-07-31 | −$93.5M | −$38.1M | — | −34.99% |
| Q3 2022 | 2022-04-30 | $128.7M | $54.9M | +74.32% | +10.93% |
| Q2 2022 | 2022-01-31 | $183.6M | −$126.3M | −40.76% | +20.25% |
| Q1 2022 | 2021-10-31 | $298.9M | $217.1M | +265.28% | +170.23% |
| Q4 2021 | 2021-07-31 | −$55.4M | $43.2M | — | −27.12% |
| Q3 2021 | 2021-04-30 | $73.8M | $168.5M | — | +8.30% |
| Q2 2021 | 2021-01-31 | $309.9M | $50.7M | +19.57% | +45.27% |
| Q1 2021 | 2020-10-31 | $81.8M | −$74.9M | −47.79% | +62.09% |
| Q4 2020 | 2020-07-31 | −$98.6M | −$22.1M | — | −127.69% |
| Q3 2020 | 2020-04-30 | −$94.7M | −$220.7M | — | −13.64% |
| Q2 2020 | 2020-01-31 | $259.2M | −$4.3M | −1.62% | +28.03% |
| Q1 2020 | 2019-10-31 | $156.7M | $27.5M | +21.30% | +58.53% |
| Q4 2019 | 2019-07-31 | −$76.5M | −$10.0M | — | −31.35% |
| Q3 2019 | 2019-04-30 | $126.0M | −$1.9M | −1.50% | +13.16% |
| Q2 2019 | 2019-01-31 | $263.4M | $35.0M | +15.33% | +31.01% |
| Q1 2019 | 2018-10-31 | $129.2M | $11.2M | +9.53% | +58.73% |
| Q4 2018 | 2018-07-31 | −$66.5M | −$10.7M | — | −31.41% |
| Q3 2018 | 2018-04-30 | $128.0M | −$17.9M | −12.29% | +15.15% |
| Q2 2018 | 2018-01-31 | $228.4M | $3.0M | +1.31% | +31.10% |
| Q1 2018 | 2017-10-31 | $118.0M | $107.0M | +973.91% | +53.41% |
| Q4 2017 | 2017-07-31 | −$55.8M | −$16.4M | — | −26.69% |
| Q3 2017 | 2017-04-30 | $145.9M | $11.0M | +8.17% | +18.36% |
| Q2 2017 | 2017-01-31 | $225.5M | $42.7M | +23.39% | +31.09% |
| Q1 2017 | 2016-10-31 | $11.0M | −$38.5M | −77.81% | +6.16% |
| Q4 2016 | 2016-07-31 | −$39.4M | $89.7M | — | −21.89% |
| Q3 2016 | 2016-04-30 | $134.9M | $26.2M | +24.06% | +20.83% |
| Q2 2016 | 2016-01-31 | $182.7M | −$20.7M | −10.18% | +30.49% |
| Q1 2016 | 2015-10-31 | $49.5M | $52.8M | — | +28.35% |
| Q4 2015 | 2015-07-31 | −$129.1M | −$58.6M | — | −79.66% |
| Q3 2015 | 2015-04-30 | $108.7M | −$8.5M | −7.27% | +18.77% |
| Q2 2015 | 2015-01-31 | $203.4M | $105.1M | +106.94% | +38.37% |
| Q1 2015 | 2014-10-31 | −$3.3M | $14.2M | — | −2.55% |
| Q4 2014 | 2014-07-31 | −$70.5M | $27.9M | — | −52.05% |
| Q3 2014 | 2014-04-30 | $117.2M | $8.7M | +8.03% | +21.59% |
| Q2 2014 | 2014-01-31 | $98.3M | −$20.4M | −17.17% | +21.71% |
| Q1 2014 | 2013-10-31 | −$17.5M | −$16.1M | — | −14.15% |
| Q4 2013 | 2013-07-31 | −$98.4M | −$25.2M | — | −87.62% |
| Q3 2013 | 2013-04-30 | $108.5M | $26.7M | +32.60% | +23.11% |
| Q2 2013 | 2013-01-31 | $118.7M | $61.8M | +108.70% | +28.09% |
| Q1 2013 | 2012-10-31 | −$1.3M | $11.3M | — | −1.14% |
| Q4 2012 | 2012-07-31 | −$73.3M | −$27.1M | — | −64.51% |
| Q3 2012 | 2012-04-30 | $81.8M | $45.9M | +127.61% | +19.43% |
| Q2 2012 | 2012-01-31 | $56.9M | −$43.7M | −43.44% | +15.23% |
| Q1 2012 | 2011-10-31 | −$12.7M | −$93.9M | — | −10.89% |
| Q4 2011 | 2011-07-31 | −$46.1M | −$5.2M | — | −42.45% |
| Q3 2011 | 2011-04-30 | $36.0M | $5.9M | +19.76% | +8.52% |
| Q2 2011 | 2011-01-31 | $100.5M | $57.0M | +130.66% | +25.45% |
| Q1 2011 | 2010-10-31 | $81.3M | $147.0M | — | +33.70% |
| Q4 2010 | 2010-07-31 | −$40.9M | — | — | −25.06% |
| Q3 2010 | 2010-04-30 | $30.0M | — | — | +8.57% |
| Q2 2010 | 2010-01-31 | $43.6M | — | — | +14.50% |
| Q1 2010 | 2009-10-31 | −$65.7M | — | — | −81.35% |
Vail Resorts free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $222.6M to $319.7M, a compound annual growth rate of 7.51%. Vail Resorts's latest reported quarter, Q3 2026, generated −$28.2M in free cash flow, a decrease of $110.5M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Vail Resorts filings at SEC.gov ↗