MTN Vail Resorts, Inc. Common Stock
About Vail Resorts, Inc. Common Stock Company overview from Wikipedia
Vail Resorts, Inc. is an American mountain resort company headquartered in Broomfield, Colorado. The company is divided among divisions that own and operate 42 mountain resorts in four countries, along with hotels, lodging, condominiums, and golf courses that comprise property real estate holdings.
Read more
Vail Resorts, Inc. is an American mountain resort company headquartered in Broomfield, Colorado. The company is divided among divisions that own and operate 42 mountain resorts in four countries, along with hotels, lodging, condominiums, and golf courses that comprise property real estate holdings.
History
Vail Resorts was founded as Vail Associates Ltd. by Pete Seibert and Earl Eaton in the early 1960s. Eaton, a lifelong resident, led Seibert (a former WWII 10th Mountain Division ski trooper) to the area in March 1957. They both became ski patrol guides at Aspen, Colorado, when they shared their dream of finding the "next great ski mountain." Seibert set off to secure financing, and Eaton engineered the early lifts. Their Vail ski resort opened in 1962. George N. Gillett Jr. purchased Vail Associates in 1985, but the company veered toward bankruptcy by 1991.
In 1992 Vail Associates was acquired by Apollo Ski Partners, a new arm of the private equity firm Apollo Global Management led by billionaire Leon Black. The new ownership led Vail Resorts public in 1997.
In 1996, Vail Resorts completed its first major acquisition with a $310 million purchase of Ralston Resorts, the owner of Keystone, Breckenridge, and Arapahoe Basin. This led to antitrust concerns, and Vail Resorts ultimately sold Arapahoe Basin to a third party due to a ruling from the Department of Justice.
In 2001, Vail Resorts acquired the hotel chain RockResorts.
Rob Katz, a former executive at Apollo, ran Vail Resorts as CEO until November 2021, when he was appointed executive chairperson of the board. Kirsten Lynch, the company's former chief marketing officer, then took over as CEO.
In June 2024, Vail Resorts reported lower-than-expected revenue during the February–April quarter due to a significantly warmer-than-anticipated winter across western North American resorts, with snowfall 28% lower than average. The company generated $1.28 billion in revenue during the quarter despite the stabilizing effect of its Epic Pass program, which allows customers to purchase a season pass for its North American resorts at a significant upfront cost. However, Vail's stock price has declined by 50% since its October 2021 peak of $360.
Declining sales and visitation (2024–2025)
In the 2024–25 season the company reported that in North America it sold 2% fewer Epic passes than the year prior, which is the first decline in pass sales the company has ever reported. The company attributed the decline to travel "normalization" after COVID and poor snowfall in some areas.
Visitation at Vail's North American resorts in the 2025 ski season, throughout February, March and April, were down by 7% year-over-year.
The outlook for the 2025–26 season is also lower. In early June the company announced fewer pass sales for the upcoming season compared to 2024–25.
In May 2025, CEO Kirsten Lynch resigned after the company had lost over half of its value during her tenure from 2021–2025. Robert Katz, who was formerly CEO for 16 years, returned to the leadership role.
Criticism
Some of Vail Resort's acquisitions have fueled anger among local residents. Locals complain that the Vail's pass structure caters to wealthy international pass holders and reduces access to nearby residents; additionally, residents have seen their cost of living increase following Vail's takeovers.
Vail Resorts’ visitors often complain about long lines. At times the long lines have been caused by ski patrol striking due to inflated property values and inadequate wages. A two-week strike at Park City, Utah around the Christmas holiday in 2024, led to increased wages for ski patrollers, and was followed by new contracts for employees at Keystone and Crested Butte, Colorado.
Local towns have also complained recently about their partnerships with Vail and its mountains. At Heavenly Mountain Resort, the town of South Lake Tahoe, California has voiced grievances of overflowing traffic, parking and negligent tourists, which drain from local resources outside from the town's tax authority. The town has increased its parking rates and capped snow plowing as a result, and hopes to annex parts of the ski mountain to access the tax base. Rural areas like Crested Butte are also finding Vail is unwilling to contribute to costs of airline transportation at regional airports, where resort owners had historically helped subsidize the transportation that helped deliver their customers.
A shareholder, Late Apex Partners, called for massive changes to the company—including a sweep of both the c-suite and board—after five years of significant underperformance by Vail.
All of the aforementioned items, among other things, have contributed to Vail’s poor reputation and earned the company the appellation “Evil Empire.”
Epic Pass price increases
Vail Resorts has increased the price of the all-access Epic Pass each year since 2021, amounting to a 34% hike over five years.
List of resorts
Vail Resorts operates 42 ski resorts in the United States, Canada, Australia and Switzerland including, notably, the Vail, Beaver Creek, Breckenridge, Keystone, and Crested Butte ski areas in Colorado, and Northstar California, Kirkwood Mountain Resort, and Heavenly Mountain Resort on the California-Nevada border. In British Columbia, Canada, they also acquired the largest ski resort in North America: Whistler Blackcomb. Vail Resorts offers a variety of multi-resort season passes under the Epic Pass program. The Epic Pass also has partnerships that allow access to several other resorts in the US, Canada, Japan, France, Switzerland, Austria, and Italy.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
MTN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
MTN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| June 25, 2026 | $2.2200 |
| March 26, 2026 | $2.2200 |
| Dec. 30, 2025 | $2.2200 |
| Oct. 9, 2025 | $2.2200 |
| June 24, 2025 | $2.2200 |
| March 27, 2025 | $2.2200 |
| Dec. 26, 2024 | $2.2200 |
| Oct. 8, 2024 | $2.2200 |
| June 25, 2024 | $2.2200 |
| March 27, 2024 | $2.2200 |
| Dec. 22, 2023 | $2.0600 |
| Oct. 6, 2023 | $2.0600 |
| June 26, 2023 | $2.0600 |
| March 24, 2023 | $2.0600 |
| Dec. 23, 2022 | $1.9100 |
| Oct. 4, 2022 | $1.9100 |
| June 24, 2022 | $1.9100 |
| March 29, 2022 | $1.9100 |
| Dec. 27, 2021 | $0.8800 |
| Oct. 4, 2021 | $0.8800 |
MTN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 3 16.7%
- Buy 5 27.8%
- Hold 9 50.0%
- Sell 1 5.6%
- Strong Sell 0 0.0%
12-Month Price Target
13 analysts · 2026-08-17Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| Sept. 30, 2026 | $8.81 | $-5.28 | — |
| June 30, 2026 | $8.81 | $9.05 | -0.24% |
| March 31, 2026 | $5.87 | $6.16 | -0.29% |
| Dec. 31, 2025 | $-5.20 | $-5.24 | 0.04% |
| Sept. 30, 2025 | $-5.08 | $-4.78 | -0.30% |
| June 30, 2025 | $10.54 | $10.07 | 0.47% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| MTN | — | 20.0 | 2.7% | 9.4% | 59.6% | — |
| LTH | $5.88B | 16.0 | 14.3% | 12.5% | 12.5% | — |
| PLNT | — | — | 12.1% | 16.6% | -62.8% | — |
| PRKS | — | 11.9 | -3.6% | 10.1% | -40.5% | — |
| FUN | $1.56B | -1.0 | 14.4% | -51.6% | -137.6% | — |
| PRSU | $943M | 42.1 | 23.4% | 5.0% | 4.1% | — |
| LUCK | — | -71.6 | 4.0% | -0.83% | 4.2% | — |
| PLAY | $708M | -14.5 | -1.4% | -2.3% | -37.8% | — |
| XPOF | — | -5.6 | -20.7% | -348.8% | 15.9% | — |
| PUSA | — | — | — | — | — | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.96B | $2.89B | $2.89B | $2.53B | $1.91B | $1.96B | $2.27B | $2.01B | $1.91B | $1.60B | $1.40B | $1.25B | |
| Operating Expenses | · | · | · | · | · | · | · | · | · | · | · | $1.14B | |
| Operating Income | $560M | $489M | $504M | $602M | $261M | $223M | $476M | $409M | $379M | $283M | $211M | $117M | |
| Interest Expense | $172M | $165M | $155M | $148M | $151M | $107M | $79M | $63M | $54M | $42M | $51M | $64M | |
| Interest Income | $10M | $19M | $24M | $4M | $586.0K | $1M | $3M | $2M | $6M | $723.0K | $246.0K | $375.0K | |
| Pretax Income | $402M | $340M | $370M | $457M | $125M | $116M | $399M | $340M | $348M | $243M | $149M | $44M | |
| Income Tax | $104M | $93M | $88M | $89M | $726.0K | $7M | $75M | $-61M | $117M | $93M | $35M | $16M | |
| Net Income | $280M | $231M | $266M | $348M | $128M | $99M | $301M | $380M | $211M | $150M | $115M | $28M | |
| EPS (Basic) | $7.54 | $6.10 | $6.70 | $8.60 | $3.17 | $2.45 | $7.46 | $9.40 | $5.36 | $4.13 | $3.16 | $0.79 | |
| EPS (Diluted) | $7.53 | $6.09 | $6.69 | $8.55 | $3.13 | $2.42 | $7.32 | $9.13 | $5.22 | $4.01 | $3.07 | $0.77 | |
| Shares (Basic) | 37,155,000 | 37,868,000 | 39,654,000 | 40,465,000 | 40,301,000 | 40,273,000 | 40,349,000 | 40,397,000 | 39,251,000 | 36,276,000 | 36,342,000 | 36,127,000 | |
| Shares (Diluted) | 37,204,000 | 37,957,000 | 39,760,000 | 40,687,000 | 40,828,000 | 40,838,000 | 41,158,000 | 41,618,000 | 40,366,000 | 37,312,000 | 37,406,000 | 37,057,000 | |
| EBITDA | $560M | $491M | $505M | $602M | $261M | $223M | $476M | $409M | $379M | $283M | $211M | $117M |
Balance Sheet 26
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $440M | $323M | $563M | $1.11B | $1.24B | $391M | $109M | $178M | $117M | $68M | $35M | $44M | |
| Receivables | $382M | $376M | $381M | $383M | $345M | $107M | $271M | $231M | $187M | $147M | $114M | $96M | |
| Inventory | $117M | $119M | $133M | $109M | $80M | $102M | $97M | $86M | $85M | $75M | $73M | $67M | |
| Prepaid Expense | $58M | $52M | $43M | · | · | · | · | · | · | · | · | · | |
| Other Current Assets | $94M | $70M | $121M | $173M | $61M | $54M | $42M | $37M | $34M | $27M | $24M | $25M | |
| Current Assets | $1.05B | $902M | $1.21B | $1.79B | $1.75B | $665M | $528M | $539M | $433M | $323M | $288M | $275M | |
| PP&E (Net) | $2.37B | $2.42B | $2.37B | $2.12B | $2.07B | $2.19B | $1.84B | $1.63B | $1.71B | $1.36B | $1.39B | $1.15B | |
| PP&E (Gross) | $5.39B | $5.16B | $4.90B | $4.47B | $4.25B | $4.16B | $3.64B | $3.27B | $3.25B | $2.82B | $2.76B | $2.41B | |
| Accum. Depreciation | $3.01B | $2.74B | $2.53B | $2.35B | $2.18B | $1.97B | $1.80B | $1.64B | $1.53B | $1.45B | $1.38B | $1.26B | |
| Goodwill | $1.68B | $1.68B | $1.72B | $1.75B | $1.78B | $1.71B | $1.61B | $1.48B | $1.52B | $509M | $500M | $378M | |
| Intangibles | $298M | $303M | $309M | $314M | $319M | $315M | $306M | $281M | $295M | $140M | $144M | $118M | |
| Other Non-current Assets | $49M | $41M | $56M | $51M | $37M | $40M | $40M | $43M | $45M | $35M | $38M | $97M | |
| Total Assets | $5.78B | $5.69B | $5.95B | $6.32B | $6.25B | $5.24B | $4.43B | $4.06B | $4.11B | $2.48B | $2.49B | $2.17B | |
| Current Liabilities | $1.67B | $1.11B | $1.13B | $1.11B | $978M | $603M | $719M | $594M | $605M | $506M | $399M | $324M | |
| Capital Leases | $215M | $235M | $168M | $175M | $191M | $218M | $0 | · | · | · | · | · | |
| Deferred Tax | $252M | $277M | $276M | $268M | $253M | $234M | $169M | $134M | $171M | $130M | $148M | $129M | |
| Other Non-current Liabilities | · | · | · | · | · | $165M | $155M | $155M | $159M | $121M | $100M | $101M | |
| Total Liabilities | $5.02B | $4.66B | $4.61B | $4.47B | $4.42B | $3.71B | $2.70B | $2.25B | $2.31B | $1.59B | $1.61B | · | |
| Long-term Debt | $3.19B | $2.79B | $2.83B | $2.81B | $2.95B | $2.44B | $1.58B | $1.28B | $1.28B | $702M | $817M | $627M | |
| Total Debt | $3.19B | $2.78B | $2.82B | $2.73B | $2.85B | $2.45B | $1.58B | $1.27B | $1.27B | $700M | $817M | $627M | |
| Common Stock | $469.0K | $469.0K | $468.0K | $467.0K | $466.0K | $464.0K | $461.0K | $460.0K | $454.0K | $416.0K | $415.0K | $412.0K | |
| Retained Earnings | $719M | $767M | $874M | $896M | $774M | $646M | $760M | $727M | $551M | $487M | $441M | $402M | |
| Treasury Stock | $1.41B | · | · | $479M | $404M | $404M | $358M | $273M | $247M | $247M | $193M | $193M | |
| AOCI | $-58M | $-67M | $-10M | $11M | $28M | $-57M | $-32M | $-2M | $44M | $-2M | $-5M | $-199.0K | |
| Stockholders' Equity | $424M | $710M | $1.00B | $1.61B | $1.59B | $1.32B | $1.50B | $1.59B | $1.57B | $875M | $867M | $821M | |
| Liabilities + Equity | $5.78B | $5.69B | $5.95B | $6.32B | $6.25B | $5.24B | $4.43B | $4.06B | $4.11B | $2.48B | $2.49B | $2.17B |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $296M | $279M | $269M | $252M | $253M | $250M | $218M | $204M | $189M | $161M | $149M | $141M | |
| Stock-based Comp | $34M | $27M | $25M | $25M | $24M | $21M | $20M | $19M | $18M | $17M | $16M | $14M | |
| Deferred Tax | $-21M | $7M | $23M | $-9M | $-16M | $17M | $22M | $-46M | $36M | $8M | $13M | $6M | |
| Amort. of Intangibles | $4M | $5M | $5M | $5M | $5M | $6M | $7M | $5M | $8M | $5M | $5M | $4M | |
| Operating Cash Flow | $555M | $589M | $638M | $710M | $525M | $395M | $634M | $548M | $471M | $437M | $304M | $246M | |
| CapEx | $235M | $211M | $315M | $193M | $115M | $172M | $192M | $141M | $144M | $109M | $124M | $118M | |
| Investing Cash Flow | $-204M | $-241M | $-273M | $-348M | $-103M | $-493M | $-596M | $-135M | $-677M | $-124M | $-427M | $-118M | |
| Net Debt Issued | · | · | · | · | · | · | · | · | · | $-266.0K | $-1M | $-998.0K | |
| Stock Repurchased | $270M | $150M | $500M | $75M | $0 | $46M | $85M | $26M | $210.0K | $54M | $0 | $0 | |
| Net Stock Activity | $-270M | $-150M | $-500M | $-75M | $0 | $-46M | $-85M | $-26M | $-210.0K | $-54M | · | $0 | |
| Dividends Paid | $328M | $324M | $314M | $226M | $0 | $213M | $261M | $204M | $146M | $104M | $76M | $45M | |
| Financing Cash Flow | $-243M | $-577M | $-914M | $-493M | $435M | $376M | $-100M | $-351M | $256M | $-281M | $115M | $-222M | |
| Net Change in Cash | $119M | $-236M | $-553M | $-132M | $856M | $284M | $-67M | $57M | $54M | $32M | $-9M | $-94M | |
| Free Cash Flow | $320M | $376M | $325M | $518M | $410M | $223M | $442M | $411M | $312M | $318M | $180M | $128M | |
| Levered FCF | $193M | $260M | $208M | $398M | $260M | $123M | $378M | $336M | $277M | $291M | $140M | $87M |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 18.9% | 17.0% | 17.5% | 23.8% | 13.7% | 11.4% | 21.0% | 20.3% | 19.9% | 17.7% | 15.0% | 9.3% | |
| Net Margin | 9.4% | 8.0% | 9.3% | 13.8% | 6.7% | 5.0% | 13.3% | 18.9% | 11.0% | 9.3% | 8.2% | 2.3% | |
| Pretax Margin | 13.6% | 12.0% | 12.9% | 18.1% | 6.6% | 5.9% | 17.6% | 16.9% | 18.3% | 15.2% | 10.7% | 3.5% | |
| EBITDA Margin | 18.9% | 17.0% | 17.5% | 23.8% | 13.7% | 11.4% | 21.0% | 20.3% | 19.9% | 17.7% | 15.0% | 9.3% | |
| ROA | 5.0% | 4.0% | 4.4% | 5.5% | 2.0% | 1.9% | 6.9% | 9.3% | 5.2% | 6.0% | 4.7% | 1.2% | |
| ROE | 59.6% | 26.7% | 23.5% | 20.2% | 7.6% | 7.2% | 19.0% | 22.6% | 13.4% | 16.3% | 12.5% | 3.3% | |
| ROIC | 11.5% | 10.0% | 10.1% | 11.2% | 5.8% | 5.5% | 12.6% | 16.9% | 8.9% | 11.1% | 9.6% | 5.2% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.6 | 0.8 | 1.1 | 1.6 | 1.8 | 1.1 | 0.7 | 0.9 | 0.7 | 0.6 | 0.7 | 0.8 | |
| Quick Ratio | 0.5 | 0.6 | 0.8 | 1.3 | 1.6 | 0.8 | 0.5 | 0.7 | 0.5 | 0.4 | 0.4 | 0.4 | |
| Debt / Equity | 7.5 | 3.8 | 2.8 | 1.7 | 1.8 | 1.9 | 1.1 | 0.8 | 0.8 | 0.8 | 0.9 | 0.8 | |
| LT Debt / Equity | 6.1 | 3.8 | 2.7 | 1.7 | 1.7 | 1.8 | 1.0 | 0.8 | 0.8 | 0.8 | 0.9 | 0.8 | |
| Interest Coverage | 3.3 | 3.0 | 3.3 | 4.1 | 1.7 | 2.1 | 6.0 | 6.5 | 7.0 | 6.7 | 4.1 | 1.8 |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.5 | 0.5 | 0.5 | 0.4 | 0.3 | 0.4 | 0.5 | 0.5 | 0.5 | 0.6 | 0.6 | 0.5 | |
| Receivables Turnover | 11.7 | 8.0 | 7.9 | 7.8 | 6.9 | 19.0 | 8.4 | 8.9 | 10.6 | 10.9 | 12.7 | 14.3 |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 2.7% | -0.14% | 14.4% | 32.3% | -2.8% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 5.5% | 14.8% | 13.7% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 8.6% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 23.6% | -9.0% | -21.8% | 173.2% | 29.3% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -4.2% | 24.8% | 40.4% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 25.5% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 21.2% | -13.1% | -23.6% | 172.1% | 29.4% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -7.0% | 21.8% | 39.1% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 23.2% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 9.1% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 6
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $2.96B | $2.89B | $2.89B | $2.53B | $1.91B | $1.96B | $2.27B | $2.01B | $1.91B | $1.60B | $1.40B | $1.25B | |
| Net Income TTM | $280M | $231M | $266M | $348M | $128M | $99M | $301M | $380M | $211M | $150M | $115M | $28M | |
| P/E | 20.0 | 29.9 | 35.2 | 27.7 | 97.5 | 79.4 | 33.7 | 30.3 | 40.4 | 35.7 | 35.7 | 98.1 | |
| Earnings Yield | 5.0% | 3.4% | 2.8% | 3.6% | 1.0% | 1.3% | 3.0% | 3.3% | 2.5% | 2.8% | 2.8% | 1.0% | |
| Payout Ratio | 117.2% | 140.5% | 117.2% | 64.9% | 0.00% | 215.2% | 86.5% | 53.7% | 69.5% | 69.3% | 65.8% | 158.1% | |
| Annual Payout | $328M | $324M | $314M | $226M | $0 | $213M | $261M | $204M | $146M | $104M | $76M | $45M |
Income Statement 12
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.21B | $1.08B | $271M | $271M | $1.30B | $1.14B | $260M | $265M | $1.28B | $1.08B | $259M | $270M | $1.24B | $1.10B | $279M | $267M | |
| Operating Income | $494M | $345M | $-210M | $-202M | $578M | $383M | $-202M | $-201M | $547M | $351M | $-207M | $-161M | $501M | $328M | $-163M | $-98M | |
| Interest Expense | $51M | $49M | $51M | $45M | $42M | $43M | $43M | $43M | $40M | $41M | $41M | $43M | $39M | $38M | $35M | $36M | |
| Interest Income | $3M | $4M | $3M | $1M | $3M | $3M | $2M | $5M | $5M | $5M | $4M | $6M | $8M | $7M | $3M | $3M | |
| Pretax Income | $446M | $298M | $-257M | $-246M | $541M | $343M | $-240M | $-240M | $511M | $317M | $-248M | $-195M | $467M | $299M | $-202M | $-131M | |
| Income Tax | $106M | $72M | $-61M | $-54M | $130M | $86M | $-58M | $-59M | $129M | $87M | $-65M | $-58M | $124M | $79M | $-58M | $-22M | |
| Net Income | $314M | $210M | $-187M | $-184M | $390M | $244M | $-173M | $-175M | $362M | $219M | $-176M | $-131M | $325M | $209M | $-137M | $-109M | |
| EPS (Basic) | $8.82 | $5.87 | $-5.20 | $-4.93 | $10.47 | $6.54 | $-4.62 | $-4.65 | $9.57 | $5.78 | $-4.60 | $-3.27 | $8.20 | $5.17 | $-3.40 | $-2.65 | |
| EPS (Diluted) | $8.81 | $5.87 | $-5.20 | $-4.92 | $10.46 | $6.53 | $-4.62 | $-4.61 | $9.54 | $5.76 | $-4.60 | $-3.25 | $8.18 | $5.16 | $-3.40 | $-2.64 | |
| Shares (Basic) | 35,633,000 | 35,753,000 | 35,910,000 | -74,941,000 | 37,241,000 | 37,382,000 | 37,473,000 | -76,055,000 | 37,839,000 | 37,967,000 | 38,117,000 | -80,591,000 | 39,620,000 | 40,327,000 | 40,298,000 | -81,089,000 | |
| Shares (Diluted) | 35,686,000 | 35,783,000 | 35,910,000 | -74,971,000 | 37,277,000 | 37,425,000 | 37,473,000 | -76,142,000 | 37,936,000 | 38,046,000 | 38,117,000 | -80,696,000 | 39,724,000 | 40,434,000 | 40,298,000 | -81,259,000 | |
| EBITDA | $494M | $345M | $-210M | · | $581M | $384M | $-202M | · | $547M | $351M | $-207M | · | $501M | $328M | $-163M | · |
Balance Sheet 25
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $371M | $385M | $581M | $440M | $467M | $488M | $404M | $323M | $705M | $812M | $729M | · | $896M | $1.30B | $1.18B | · | |
| Receivables | $357M | $160M | $98M | $382M | $336M | $124M | $130M | $376M | $343M | $138M | $106M | · | $352M | $160M | $118M | · | |
| Inventory | $129M | $141M | $154M | $117M | $115M | $132M | $153M | $119M | $108M | $135M | $158M | · | $104M | $122M | $140M | · | |
| Prepaid Expense | $37M | $60M | $78M | $58M | $39M | $57M | $75M | $52M | · | · | · | · | · | · | · | · | |
| Other Current Assets | $79M | $115M | $195M | $94M | $73M | $84M | $152M | $70M | $64M | $80M | $131M | · | $109M | $158M | $162M | · | |
| Current Assets | $952M | $823M | $1.05B | $1.05B | $1.00B | $844M | $854M | $902M | $1.23B | $1.18B | $1.13B | · | $1.48B | $1.76B | $1.62B | · | |
| PP&E (Net) | $2.37B | $2.41B | $2.38B | $2.37B | $2.39B | $2.38B | $2.43B | $2.42B | $2.29B | $2.35B | $2.34B | · | $2.37B | $2.42B | $2.31B | · | |
| PP&E (Gross) | $5.60B | $5.58B | $5.46B | $5.39B | $5.34B | $5.24B | $5.24B | $5.16B | $5.00B | $5.01B | $4.92B | · | $4.89B | $4.89B | $4.71B | · | |
| Accum. Depreciation | $3.23B | $3.16B | $3.08B | $3.01B | $2.95B | $2.86B | $2.81B | $2.74B | $2.72B | $2.66B | $2.58B | · | $2.52B | $2.47B | $2.40B | · | |
| Goodwill | $1.70B | $1.70B | $1.66B | $1.68B | $1.68B | $1.63B | $1.67B | $1.68B | $1.68B | $1.70B | $1.67B | $1.72B | $1.69B | $1.72B | $1.69B | $1.75B | |
| Intangibles | $300M | $300M | $296M | $298M | $300M | $293M | $301M | $303M | $299M | $304M | $300M | · | $307M | $311M | $307M | · | |
| Other Non-current Assets | $52M | $52M | $53M | $49M | $52M | $43M | $42M | $41M | $39M | $39M | $39M | · | $56M | $59M | $62M | · | |
| Total Assets | $5.69B | $5.60B | $5.76B | $5.78B | $5.76B | $5.53B | $5.64B | $5.69B | $5.81B | $5.85B | $5.76B | · | $6.20B | $6.56B | $6.28B | · | |
| Current Liabilities | $1.04B | $1.32B | $1.94B | $1.67B | $1.63B | $1.79B | $1.36B | $1.11B | $1.04B | $1.23B | $1.36B | · | $986M | $1.29B | $1.34B | · | |
| Capital Leases | $198M | $212M | $211M | $215M | $220M | $230M | $233M | $235M | $155M | $169M | $165M | · | $174M | $184M | $177M | · | |
| Deferred Tax | $265M | $264M | $264M | $252M | $279M | $278M | $280M | $277M | $285M | $287M | $286M | · | $401M | $288M | $206M | · | |
| Total Liabilities | $4.77B | $4.96B | $5.30B | $5.02B | $4.53B | $4.72B | $4.90B | $4.66B | $4.49B | $4.70B | $4.83B | · | $4.60B | $4.79B | $4.73B | · | |
| Long-term Debt | $3.02B | $2.93B | $3.17B | $3.19B | $2.71B | $2.71B | $2.78B | $2.79B | $2.77B | $2.79B | $2.81B | · | $2.85B | $2.87B | $2.85B | · | |
| Total Debt | · | · | · | · | $2.70B | $2.70B | $2.77B | · | $2.77B | $2.79B | $2.80B | · | $2.84B | $2.86B | $2.84B | · | |
| Common Stock | $470.0K | $470.0K | $470.0K | $469.0K | $469.0K | $469.0K | $469.0K | $469.0K | $469.0K | $469.0K | $469.0K | · | $468.0K | $468.0K | $468.0K | · | |
| Retained Earnings | $818M | $583M | $452M | $719M | $997M | $687M | $524M | $767M | $1.04B | $761M | $620M | · | $1.08B | $838M | $706M | · | |
| Treasury Stock | $1.45B | $1.45B | $1.41B | · | $1.20B | $1.17B | $1.15B | · | $1.10B | $1.03B | $1.03B | · | $879M | $479M | $479M | · | |
| AOCI | $-1M | $-8M | $-62M | $-58M | $-57M | $-135M | $-71M | $-67M | $-65M | $-30M | $-78M | · | $-42M | $-9M | $-69M | · | |
| Stockholders' Equity | $552M | $302M | $156M | $424M | $895M | $531M | $444M | $710M | $1.00B | $830M | $633M | · | $1.27B | $1.46B | $1.26B | · | |
| Liabilities + Equity | $5.69B | $5.60B | $5.76B | $5.78B | $5.76B | $5.53B | $5.64B | $5.69B | $5.81B | $5.85B | $5.76B | · | $6.20B | $6.56B | $6.28B | · |
Cash Flow 13
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $77M | $74M | $73M | $76M | $76M | $74M | $72M | $74M | $68M | $69M | $67M | $69M | $69M | $66M | $65M | $63M | |
| Stock-based Comp | $7M | $7M | $6M | $13M | $7M | $8M | $7M | $7M | $6M | $7M | $7M | $6M | $6M | $7M | $6M | $6M | |
| Deferred Tax | $106M | $72M | $-61M | $-180M | $130M | $86M | $-58M | $-145M | $129M | $87M | $-65M | $-122M | $125M | $79M | $-58M | $-137M | |
| Operating Cash Flow | $7M | $260M | $316M | $-172M | $118M | $327M | $283M | $-92M | $110M | $243M | $328M | $-89M | $121M | $273M | $333M | $-62M | |
| CapEx | $35M | $75M | $72M | $56M | $33M | $75M | $71M | $56M | $25M | $77M | $53M | $54M | $55M | $82M | $124M | $31M | |
| Investing Cash Flow | $-33M | $-74M | $-72M | $-49M | $-27M | $-57M | $-71M | $-150M | $-25M | $-72M | $6M | $-52M | $-15M | $-71M | $-135M | $-92M | |
| Stock Repurchased | $0 | $45M | $0 | $200M | $30M | $20M | $20M | $25M | $75M | $0 | $50M | $100M | $400M | $0 | $0 | $38M | |
| Net Stock Activity | · | $-45M | $0 | · | $-30M | $-20M | $-20M | · | $-75M | · | $-50M | · | · | · | · | · | |
| Dividends Paid | $79M | $79M | $80M | $80M | $82M | $83M | $83M | $83M | $84M | $78M | $78M | $79M | $82M | $77M | $77M | $77M | |
| Financing Cash Flow | $6M | $-392M | $-101M | $195M | $-135M | $-171M | $-133M | $-144M | $-182M | $-98M | $-154M | $-211M | $-502M | $-97M | $-105M | $-140M | |
| Net Change in Cash | $-19M | $-195M | $144M | $-24M | $-24M | $86M | $81M | $-380M | $-109M | $85M | $167M | $-346M | $-401M | $118M | $75M | $-296M | |
| Free Cash Flow | · | · | $244M | · | · | · | $211M | · | · | · | $275M | · | · | · | $209M | · | |
| Levered FCF | · | · | $205M | · | · | · | $179M | · | · | · | $245M | · | · | · | $184M | · |
Profitability 7
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 41.0% | 31.8% | -77.4% | · | 44.9% | 33.8% | -77.6% | · | 42.6% | 32.5% | -80.1% | · | 40.4% | 29.8% | -58.5% | · | |
| Net Margin | 26.1% | 19.4% | -68.9% | · | 30.3% | 21.6% | -66.4% | · | 28.2% | 20.3% | -67.9% | · | 26.2% | 18.9% | -49.0% | · | |
| Pretax Margin | 37.0% | 27.5% | -94.8% | · | 42.1% | 30.3% | -92.1% | · | 39.8% | 29.4% | -96.0% | · | 37.8% | 27.2% | -72.1% | · | |
| EBITDA Margin | 41.0% | 31.8% | -77.4% | · | 44.9% | 33.8% | -77.6% | · | 42.6% | 32.5% | -80.1% | · | 40.4% | 29.8% | -58.5% | · | |
| ROA | 5.5% | 3.8% | -3.3% | · | 6.8% | 4.3% | -3.0% | · | 6.0% | 3.5% | -2.9% | · | 5.2% | 3.2% | -2.2% | · | |
| ROE | 43.5% | 50.4% | -62.2% | · | 41.4% | 36.1% | -32.1% | · | 31.8% | 19.1% | -18.5% | · | 20.9% | 13.8% | -10.2% | · | |
| ROIC | 68.3% | 86.6% | -102.5% | · | 12.3% | 8.9% | -4.8% | · | 10.8% | 7.0% | -4.5% | · | 8.9% | 5.6% | -2.8% | · |
Liquidity & Solvency 5
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.9 | 0.6 | 0.5 | · | 0.6 | 0.5 | 0.6 | · | 1.2 | 1.0 | 0.8 | · | 1.5 | 1.4 | 1.2 | · | |
| Quick Ratio | 0.7 | 0.4 | 0.4 | · | 0.5 | 0.3 | 0.4 | · | 1.0 | 0.8 | 0.6 | · | 1.3 | 1.1 | 1.0 | · | |
| Debt / Equity | · | · | · | · | 3.0 | 5.1 | 6.2 | · | 2.8 | 3.4 | 4.4 | · | 2.2 | 2.0 | 2.2 | · | |
| LT Debt / Equity | · | · | · | · | 2.4 | 4.0 | 6.1 | · | 2.7 | 3.3 | 4.3 | · | 2.2 | 1.9 | 2.2 | · | |
| Interest Coverage | 9.6 | 7.0 | -4.1 | · | 14.1 | 9.1 | -4.8 | · | 13.7 | 8.6 | -5.1 | · | 12.8 | 8.5 | -4.6 | · |
Efficiency 2
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | 0.0 | · | 0.2 | 0.2 | 0.0 | · | 0.2 | 0.2 | 0.0 | · | 0.2 | 0.2 | 0.0 | · | |
| Receivables Turnover | 3.5 | 7.6 | 2.4 | · | 3.8 | 8.7 | 2.2 | · | 3.7 | 7.2 | 2.3 | · | 4.0 | 6.7 | 2.5 | · |
Valuation (TTM) 5
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $3.86B | $3.79B | $2.96B | · | $3.98B | $3.76B | $2.88B | · | $3.86B | $3.68B | $2.88B | · | $3.80B | $3.46B | $2.54B | · | |
| Net Income TTM | $727M | $660M | $277M | · | $826M | $652M | $233M | · | $731M | $577M | $221M | · | $769M | $668M | $320M | · | |
| P/E | 6.4 | 7.5 | 20.5 | · | 6.3 | 9.9 | 27.3 | · | 10.0 | 15.3 | 39.7 | · | 12.6 | 16.0 | 28.1 | · | |
| Earnings Yield | 15.7% | 13.3% | 4.9% | · | 15.8% | 10.1% | 3.7% | · | 10.0% | 6.5% | 2.5% | · | 7.9% | 6.2% | 3.5% | · | |
| Payout Ratio | · | · | -42.7% | · | · | · | -48.1% | · | · | · | -44.7% | · | · | · | -56.2% | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | |
|---|---|---|---|---|---|
| Revenue | $2.96B | — | — | — | $2.89B |
| Operating Margin % | 18.9% | — | — | — | 17.0% |
| Net Income | $280M | — | — | — | $231M |
| Diluted EPS | $7.53 | — | — | — | $6.09 |
Balance Sheet
| 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 7.5 | — | — | — | 3.8 |
| Current Ratio | 0.6 | — | — | — | 0.8 |
| Quick Ratio | 0.5 | — | — | — | 0.6 |
Cash Flow
| 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $320M | — | — | — | $376M |
Latest News Recent headlines mentioning this company
My Metrics Your personal watchlist — selected rows from Full Fundamentals
Pick the metrics that matter to you — click the ➕ next to any row in Full Fundamentals above.
Your selection is saved and follows you across all tickers.
Institutional owners (13F) 482 filers · $5.5B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 79 (+5 vs prior Q) | 64 (-10 vs prior Q) | 147 (-26 vs prior Q) | 148 (+19 vs prior Q) | +3.7M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BAMCO INC /NY/ | $889,971,297 | 6,536,697 | 16.16% | Shares |
| Capital World Investors | $593,053,334 | 4,355,882 | 10.77% | Shares |
| Capital International Investors | $520,107,432 | 3,820,106 | 9.45% | Shares |
| Oasis Management Co Ltd. | $317,095,800 | 2,329,018 | 5.76% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $231,396,183 | 1,699,568 | 4.20% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $218,286,300 | 1,603,278 | 3.96% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $217,509,591 | 1,595,065 | 3.95% | Shares |
| First Pacific Advisors, LP | $177,670,168 | 1,304,959 | 3.23% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $176,983,427 | 1,299,915 | 3.21% | Shares |
| FMR LLC | $160,224,315 | 1,176,822 | 2.91% | Shares |
| STATE STREET CORP | $157,325,944 | 1,136,937 | 2.86% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $131,418,243 | 965,246 | 2.39% | Shares |
| HARRIS ASSOCIATES L P | $104,071,018 | 764,385 | 1.89% | Shares |
| HighTower Advisors, LLC | $96,997,281 | 712,430 | 1.76% | Shares |
| EMINENCE CAPITAL, LP | $91,630,361 | 714,077 | 1.66% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $86,044,409 | 631,982 | 1.56% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $74,106,445 | 544,300 | 1.35% | Put option |
| River Road Asset Management, LLC | $67,317,598 | 494,437 | 1.22% | Shares |
| Corient Private Wealth LP | $55,443,170 | 407,222 | 1.01% | Shares |
| GOLDMAN SACHS GROUP INC | $43,606,939 | 320,286 | 0.79% | Shares |
| CRAMER ROSENTHAL MCGLYNN LLC | $37,010,471 | 271,836 | 0.67% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $31,234,035 | 229,409 | 0.57% | Shares |
| TWO SIGMA INVESTMENTS, LP | $29,353,395 | 215,596 | 0.53% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $26,780,705 | 196,700 | 0.49% | Call option |
| Gotham Asset Management, LLC | $22,939,233 | 168,485 | 0.42% | Shares |
| Aperture Investors, LLC | $21,911,573 | 160,937 | 0.40% | Shares |
| Artisan Partners Limited Partnership | $21,263,499 | 156,177 | 0.39% | Shares |
| NORGES BANK | $21,151,992 | 155,358 | 0.38% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $20,043,000 | 147,214 | 0.36% | Shares |
| JANE STREET GROUP, LLC | $19,619,215 | 144,100 | 0.36% | Call option |
| WELLINGTON MANAGEMENT GROUP LLP | $19,617,173 | 144,085 | 0.36% | Shares |
| MORGAN STANLEY | $19,597,676 | 143,941 | 0.36% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $19,181,357 | 140,884 | 0.35% | Shares |
| CITADEL ADVISORS LLC | $16,814,525 | 123,500 | 0.31% | Put option |
| RICE HALL JAMES & ASSOCIATES, LLC | $15,941,123 | 117,085 | 0.29% | Shares |
| LONDON CO OF VIRGINIA | $15,197,114 | 111,532 | 0.28% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $15,076,026 | 110,731 | 0.27% | Shares |
| ALPS ADVISORS INC | $15,025,650 | 110,361 | 0.27% | Shares |
| WESTWOOD HOLDINGS GROUP INC | $14,941,373 | 109,742 | 0.27% | Shares |
| ARIEL INVESTMENTS, LLC | $14,858,050 | 109,130 | 0.27% | Shares |
| KETTLE HILL CAPITAL MANAGEMENT, LLC | $14,845,796 | 109,040 | 0.27% | Shares |
| CITADEL ADVISORS LLC | $14,823,604 | 108,877 | 0.27% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $14,260,759 | 104,743 | 0.26% | Shares |
| RHUMBLINE ADVISERS | $14,226,381 | 104,491 | 0.26% | Shares |
| RAYMOND JAMES FINANCIAL INC | $13,897,729 | 102,077 | 0.25% | Shares |
| Marathon Asset Management Ltd | $12,671,599 | 91,699 | 0.23% | Shares |
| Lodge Hill Capital, LLC | $12,253,500 | 90,000 | 0.22% | Shares |
| Eldred Rock Partners, LLC | $11,940,627 | 87,702 | 0.22% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $10,962,798 | 80,520 | 0.20% | Shares |
| PERRY CREEK CAPITAL LP | $10,380,893 | 76,246 | 0.19% | Shares |
| Capital International, Inc./CA/ | $10,329,701 | 75,870 | 0.19% | Shares |
| Invenomic Capital Management LP | $10,241,884 | 75,225 | 0.19% | Shares |
| AMERICAN CENTURY COMPANIES INC | $10,061,485 | 73,900 | 0.18% | Shares |
| Swiss National Bank | $9,734,725 | 71,500 | 0.18% | Shares |
| UBS Group AG | $9,511,711 | 69,862 | 0.17% | Shares |
| Schonfeld Strategic Advisors LLC | $9,466,780 | 69,532 | 0.17% | Shares |
| CITADEL ADVISORS LLC | $9,244,585 | 67,900 | 0.17% | Call option |
| FIRETRAIL INVESTMENTS PTY LTD | $8,976,050 | 66,330 | 0.16% | Shares |
| BancorpSouth Bank | $8,504,379 | 64,039 | 0.15% | Shares |
| California Public Employees Retirement System | $7,910,179 | 58,099 | 0.14% | Shares |
| Orvieto Partners, L.P. | $7,896,700 | 58,000 | 0.14% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $7,749,929 | 57,422 | 0.14% | Shares |
| JANE STREET GROUP, LLC | $7,542,710 | 55,400 | 0.14% | Put option |
| BRADLEY FOSTER & SARGENT INC/CT | $7,095,730 | 52,117 | 0.13% | Shares |
| Oakum Bay Capital LLC | $6,948,656 | 54,151 | 0.13% | Shares |
| IAT REINSURANCE CO LTD. | $6,807,500 | 84,000 | 0.12% | Shares |
| BlackRock, Inc. | $6,706,341 | 49,257 | 0.12% | Shares |
| WOLVERINE TRADING, LLC | $6,440,610 | 43,500 | 0.12% | Put option |
| D. E. Shaw & Co., Inc. | $6,249,285 | 45,900 | 0.11% | Call option |
| ALLIANCEBERNSTEIN L.P. | $6,241,870 | 48,643 | 0.11% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $5,929,605 | 43,552 | 0.11% | Shares |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC | $5,910,680 | 43,413 | 0.11% | Shares |
| TD Asset Management Inc | $5,603,662 | 41,158 | 0.10% | Shares |
| Tenere Capital LLC | $5,544,573 | 40,724 | 0.10% | Shares |
| PEREGRINE CAPITAL MANAGEMENT LLC | $5,526,601 | 40,592 | 0.10% | Shares |
| AMERIPRISE FINANCIAL INC | $5,423,226 | 39,760 | 0.10% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $5,406,892 | 42,136 | 0.10% | Shares |
| WORLDQUANT MILLENNIUM ADVISORS LLC | $5,370,573 | 39,446 | 0.10% | Shares |
| Retirement Systems of Alabama | $5,017,808 | 36,855 | 0.09% | Shares |
| Clearline Capital LP | $4,772,058 | 35,050 | 0.09% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $4,666,677 | 34,276 | 0.08% | Shares |
| MAC Alpha Capital Management, LP | $4,588,630 | 33,700 | 0.08% | Shares |
| CONFLUENCE INVESTMENT MANAGEMENT LLC | $4,552,311 | 33,436 | 0.08% | Shares |
| Ceredex Value Advisors LLC | $4,492,950 | 33,000 | 0.08% | Shares |
| LONGFELLOW INVESTMENT MANAGEMENT CO LLC | $4,356,800 | 32,000 | 0.08% | Shares |
| Walleye Trading LLC | $4,329,570 | 31,800 | 0.08% | Put option |
| Caption Management, LLC | $4,220,650 | 31,000 | 0.08% | Call option |
| Slagle Financial, LLC | $4,192,875 | 30,796 | 0.08% | Shares |
| JPMORGAN CHASE & CO | $4,173,218 | 30,867 | 0.08% | Shares |
| VANGUARD GROUP INC | $4,076,429 | 30,696 | 0.07% | Shares |
| Mirae Asset Global Investments Co., Ltd. | $4,054,139 | 29,777 | 0.07% | Shares |
| Quadrature Capital Ltd | $4,048,829 | 29,738 | 0.07% | Shares |
| KING LUTHER CAPITAL MANAGEMENT CORP | $3,881,364 | 28,508 | 0.07% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $3,848,824 | 28,269 | 0.07% | Shares |
| Ilex Capital Partners (UK) LLP | $3,833,712 | 28,158 | 0.07% | Shares |
| LPL Financial LLC | $3,814,620 | 28,018 | 0.07% | Shares |
| PYA Waltman Capital, LLC | $3,775,785 | 27,733 | 0.07% | Shares |
| WOLVERINE TRADING, LLC | $3,760,724 | 25,400 | 0.07% | Call option |
| OCCUDO QUANTITATIVE STRATEGIES LP | $3,574,754 | 26,256 | 0.06% | Shares |
| BANK OF AMERICA CORP /DE/ | $3,499,056 | 25,700 | 0.06% | Shares |
Company insiders 54 insiders · 30 officers · 24 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Robert A Katz | CEO & Chairperson of the Board | June 4, 2026 M | 286,771 | 1 | 0 | $4,942,875 |
| Kirsten A. Lynch | CEO & Director | Sept. 29, 2024 M | 35,986 | 0 | 0 | $0 |
| Adam M Aron | Chief Executive Officer | Jan. 6, 2006 M | 132,144 | 0 | 0 | $0 |
| Angela A Korch | EVP & Chief Financial Officer | Oct. 7, 2025 P | 4,905 | 1 | 0 | $32,550 |
| Michael Z Barkin | EVP & Chief Financial Officer | Dec. 12, 2022 M | 14,303 | 0 | 0 | $0 |
| Jeffrey W Jones | CFO & Pres. - Lodg., Ret., RE. | Sept. 27, 2012 M | 172,381 | 0 | 0 | $0 |
| William Rock | President, Mountain Division | Sept. 30, 2025 A | 9,447 | 0 | 0 | $0 |
| James C. O'Donnell | President, Mountain Division | Sept. 29, 2022 A | 8,483 | 0 | 0 | $0 |
| Campbell Patricia A | President-Mountain Division | Sept. 28, 2020 M | 16,819 | 0 | 0 | $0 |
| Blaise Carrig | President - Mountain Division | June 12, 2015 M | 19,801 | 0 | 0 | $0 |
| John Mcd Garnsey | Co-President | Oct. 10, 2011 S | 1,494 | 0 | 0 | $0 |
| Keith Fernandez | President & COO, VRDC | Sept. 25, 2009 M | 10,639 | 0 | 0 | $0 |
| JENSEN WILLIAM | President, Mtn Div-COO Vail | Oct. 4, 2007 M | 1,205 | 0 | 0 | $0 |
| James P Thompson | President, VRDC | Oct. 7, 2004 M | 20,000 | 0 | 0 | $0 |
| Paul Toner | SVP & COO RockResorts & VRHosp | April 4, 2011 M | 2,576 | 0 | 0 | $0 |
| Roger Dudley Mccarthy | Co-Pres Mtn Div, COO Breck. | Feb. 13, 2007 M | 7,666 | 0 | 0 | $0 |
| Lynanne Kunkel | Chief HR & Trnsfrm Ofc | Sept. 30, 2025 A | 9,271 | 0 | 0 | $0 |
| Julie A. Dececco | GC & Chief Public Affairs Ofc | Sept. 30, 2025 A | 1,649 | 0 | 0 | $0 |
| Gregory Jon Sullivan | EVP, Retail & Hospitality | Sept. 30, 2025 A | 3,485 | 0 | 0 | $0 |
| Nathan Mark Gronberg | VP, Controller & CAO | Sept. 30, 2025 A | 1,739 | 0 | 0 | $0 |
| Courtney K. Goldstein | EVP & Chief Marketing Officer | May 1, 2025 M | 307 | 0 | 0 | $0 |
| Ryan Bennett | SVP & Chief Marketing Officer | Sept. 29, 2023 A | 2,162 | 0 | 0 | $0 |
| David T Shapiro | EVP, General Counsel & Sec. | Sept. 29, 2023 A | 6,704 | 0 | 0 | $0 |
| Ryan H Siurek | SVP, Controller & CAO | Sept. 28, 2020 M | 609 | 0 | 0 | $0 |
| Mark L Schoppet | SVP, Controller & CAO | Dec. 10, 2015 M | 6,537 | 0 | 0 | $0 |
| Randall E Mehrberg | EVP & General Counsel | Dec. 2, 2014 M | 397 | 0 | 0 | $0 |
| Fiona Arnold | Exec. V.P., G.C. & Secy. | Sept. 21, 2013 M | 11,507 | 0 | 0 | $0 |
| Stanley D. Brown | Pres. RockResorts & VR Hospit | March 10, 2009 A | 223 | 0 | 0 | $0 |
| Martha D Rehm | EVP, General Counsel | Jan. 10, 2007 M | 996 | 0 | 0 | $0 |
| James S Mandel | SVP Vail Resorts Dev Co | Nov. 20, 2003 A | — | 0 | 0 | $0 |
| Peter A Vaughn | Director | Oct. 6, 2025 G | 8,784 | 0 | 0 | $0 |
| Reginald Chambers | Director | Sept. 30, 2025 A | 1,845 | 0 | 0 | $0 |
| Nadia Nicole Rawlinson | Director | Sept. 30, 2025 A | 5,642 | 0 | 0 | $0 |
| Michele Romanow | Director | Sept. 30, 2025 A | 8,290 | 0 | 0 | $0 |
| Iris Knobloch | Director | Sept. 30, 2025 A | 1,907 | 0 | 0 | $0 |
| Bruce D Sewell | Director | Sept. 30, 2025 A | 22,155 | 0 | 0 | $0 |
| Susan L Decker | Director | Sept. 30, 2025 A | 9,389 | 0 | 0 | $0 |
| Hilary Schneider | Director | Sept. 30, 2025 A | 17,111 | 0 | 0 | $0 |
| John Redmond | Director | Sept. 27, 2025 M | 23,854 | 0 | 0 | $0 |
| John F Sorte | Director | Sept. 27, 2025 M | 46,392 | 0 | 0 | $0 |
| Roland A Hernandez | Director | Sept. 27, 2019 M | 9,353 | 0 | 0 | $0 |
| Richard D Kincaid | Director | Sept. 23, 2014 A | 28,103 | 0 | 0 | $0 |
| Thomas D Hyde | Director | Sept. 21, 2012 A | 17,937 | 0 | 0 | $0 |
| William P Stiritz | Director | Sept. 23, 2009 M | 11,338 | 0 | 0 | $0 |
| Joe R Micheletto | Director | Jan. 7, 2009 A | 15,879 | 0 | 0 | $0 |
| John J Hannan | Director | Oct. 4, 2007 M | 6,559 | 0 | 0 | $0 |
| William L Mack | Director | Nov. 20, 2003 A | — | 0 | 0 | $0 |
| ROWAN MARC J | Director | Nov. 20, 2003 A | — | 0 | 0 | $0 |
| Frank Biondi | Director | Nov. 20, 2003 A | — | 0 | 0 | $0 |
| James S Tisch | Director | Nov. 20, 2003 A | — | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 17 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Ralcorp Holdings, Inc. (Formerly known as New Ralcorp Holdings, Inc.), RH Financial Corporation ×7 filings | Aug. 25, 2009 | — | Initial filing | — | SEC |
| Ralcorp Holdings, Inc. (Formerly known as New Ralcorp Holdings, Inc.) S.S. OR, RH Financial Corporation S.S. OR ×4 filings | March 31, 2006 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | April 23, 2004 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | March 30, 2004 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | March 1, 2004 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Feb. 6, 2004 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Jan. 16, 2004 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Dec. 15, 2003 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Nov. 28, 2003 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Nov. 3, 2003 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Oct. 7, 2003 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Sept. 19, 2003 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Aug. 21, 2003 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | July 3, 2003 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | June 13, 2003 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 119 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| LBAY · Tidal Trust I | 4.87% | 6,427 NS | May 31, 2026 | N-PORT |
| EZA · iShares, Inc. | 4.40% | 1,964,799 SH | Aug. 8, 2026 | Daily |
| DIV · Global X Funds | 1.84% | 108,651 NS | April 30, 2026 | N-PORT |
| TBG · EA Series Trust | 1.70% | 30,731 NS | April 30, 2026 | N-PORT |
| OUSM · ALPS ETF Trust | 1.50% | 98,163 NS | May 31, 2026 | N-PORT |
| CGMM · Capital Group Equity ETF Trust I | 1.39% | 291,220 NS | May 31, 2026 | N-PORT |
| FDVV · FIDELITY COVINGTON TRUST | 1.27% | 917,788 NS | April 30, 2026 | N-PORT |
| RFDA · ALPS ETF Trust | 0.95% | 6,250 NS | May 31, 2026 | N-PORT |
| FDRR · FIDELITY COVINGTON TRUST | 0.74% | 39,909 NS | April 30, 2026 | N-PORT |
| HIDV · AB Active ETFs, Inc. | 0.67% | 9,564 NS | May 31, 2026 | N-PORT |
| PIE · Invesco Exchange-Traded Fund Trust … | 0.50% | 96,222 SH | Aug. 8, 2026 | Daily |
| EEMO · Invesco Exchange-Traded Fund Trust … | 0.50% | 9,760 SH | Aug. 8, 2026 | Daily |
| LDEM · iShares Trust | 0.46% | 12,280 SH | Aug. 8, 2026 | Daily |
| RCGE · EA Series Trust | 0.46% | 3,418 NS | April 30, 2026 | N-PORT |
| PXH · Invesco Exchange-Traded Fund Trust … | 0.39% | 606,384 SH | Aug. 8, 2026 | Daily |
| MCOW · Pacer Funds Trust | 0.39% | 30 NS | April 30, 2026 | N-PORT |
| QDEF · FlexShares Trust | 0.35% | 14,691 NS | April 30, 2026 | N-PORT |
| GTOS · Invesco Actively Managed Exchange-T… | 0.34% | 416,000 | Aug. 8, 2026 | Daily |
| EMGF · iShares, Inc. | 0.31% | 461,925 SH | Aug. 8, 2026 | Daily |
| FFLC · FIDELITY COVINGTON TRUST | 0.29% | 26,045 NS | April 30, 2026 | N-PORT |
| FXD · First Trust Exchange-Traded AlphaDE… | 0.26% | 5,439 NS | April 30, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.24% | 50,054 NS | May 31, 2026 | N-PORT |
| TMFX · RBB Fund, Inc. | 0.23% | 561 NS | May 31, 2026 | N-PORT |
| EMXC · iShares, Inc. | 0.23% | 4,399,577 SH | Aug. 8, 2026 | Daily |
| BKSE · BNY Mellon ETF Trust | 0.21% | 1,308 NS | April 30, 2026 | N-PORT |
| VWO · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.20% | 23,981,260 SH | Aug. 8, 2026 | Daily |
| EEM · iShares, Inc. | 0.18% | 4,332,533 SH | Aug. 8, 2026 | Daily |
| XJH · iShares Trust | 0.17% | 4,836 SH | Aug. 8, 2026 | Daily |
| IEMG · iShares, Inc. | 0.16% | 19,979,690 SH | Aug. 8, 2026 | Daily |
| QVMM · Invesco Exchange-Traded Fund Trust … | 0.16% | 4,677 SH | Aug. 8, 2026 | Daily |
| IJJ · iShares Trust | 0.15% | 92,514 SH | Aug. 8, 2026 | Daily |
| KNCT · Invesco Exchange-Traded Fund Trust | 0.15% | 19,092 SH | Aug. 8, 2026 | Daily |
| IJH · iShares Trust | 0.14% | 1,229,575 SH | Aug. 8, 2026 | Daily |
| IVOV · VANGUARD ADMIRAL FUNDS | 0.14% | 15,609 SH | Aug. 8, 2026 | Daily |
| VCR · VANGUARD WORLD FUND | 0.14% | 69,470 SH | Aug. 8, 2026 | Daily |
| FNK · First Trust Exchange-Traded AlphaDE… | 0.14% | 2,365 NS | April 30, 2026 | N-PORT |
| IJK · iShares Trust | 0.14% | 102,236 SH | Aug. 8, 2026 | Daily |
| FSMD · FIDELITY COVINGTON TRUST | 0.14% | 25,222 NS | April 30, 2026 | N-PORT |
| PTMC · Pacer Funds Trust | 0.13% | 4,078 NS | April 30, 2026 | N-PORT |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.13% | 57,697 SH | Aug. 8, 2026 | Daily |
| QDF · FlexShares Trust | 0.12% | 20,790 NS | April 30, 2026 | N-PORT |
| RWK · Invesco Exchange-Traded Fund Trust … | 0.12% | 11,017 SH | Aug. 8, 2026 | Daily |
| SCHD · SCHWAB STRATEGIC TRUST | 0.12% | 854,407 NS | May 31, 2026 | N-PORT |
| IVOG · VANGUARD ADMIRAL FUNDS | 0.12% | 17,228 SH | Aug. 8, 2026 | Daily |
| IWP · iShares Trust | 0.12% | 164,369 SH | Aug. 8, 2026 | Daily |
| IEDI · iShares U.S. ETF Trust | 0.12% | 227 SH | Aug. 8, 2026 | Daily |
| MVV · ProShares Trust | 0.10% | 1,236 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.10% | 171,864 NS | May 31, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.10% | 518,950 SH | Aug. 8, 2026 | Daily |
| FDIS · FIDELITY COVINGTON TRUST | 0.10% | 13,816 NS | April 30, 2026 | N-PORT |