Core Insights - Vail Resorts, Inc. (NYSE:MTN) is a prominent player in the leisure and recreation services industry, primarily recognized for its mountain resorts and ski areas, operating multiple destination resorts across North America [1] Financial Performance - On September 29, 2025, Vail Resorts reported an earnings per share (EPS) of -$5.08, which was below the estimated EPS of -$4.78, resulting in a negative surprise of 6.95% [2] - The company's revenue was approximately $271.3 million, slightly missing the estimated $276.2 million, but representing a slight increase from the $265.39 million reported a year ago [3] - Despite a 3% decline in skier visits, Vail Resorts achieved a 2% growth in Resort Reported EBITDA, attributed to improved conditions in the second quarter [4][6] Market Valuation - Vail Resorts has a price-to-sales ratio of about 1.86, an enterprise value to sales ratio of around 2.70, and an enterprise value to operating cash flow ratio of approximately 12.63, reflecting the market's perception of its financial health and growth potential [5]