A Business at a Glance
0 of 5 daily views used (5 remaining). Sign up free for 10 daily views, or try AAPL for a full preview.
We are a Maryland corporation that is primarily engaged in the business of owning and acquiring gaming, hospitality, wellness, entertainment and leisure destinations, subject to long-term triple net leases. As of December 31, 2025, we own 93 experiential assets across a geographically diverse portfolio consisting of 54 gaming properties and 39 other experiential properties across the United States and Canada, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas (the “Venetian Resort”), three of the most iconic entertainment facilities on the Las Vegas Strip. Our gaming and entertainment facilities are leased to leading brands that seek to drive consumer loyalty and value with guests through superior services, experiences, products and continuous innovation.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 4.0B | 4.0B | 3.8B | 3.6B | 2.6B | 1.5B |
| Net Income | 2.8B | 2.8B | 2.7B | 2.5B | 1.1B | 1.0B |
| EPS | $2.61 | $2.61 | $2.56 | $2.47 | $1.27 | $1.76 |
| Free Cash Flow | 2.5B | 2.5B | 2.4B | 2.2B | 1.9B | 894M |
| ROIC | 8.2% | 8.3% | 8.2% | 8.1% | 4.7% | 8.7% |
| Gross Margin | 99.2% | 99.2% | 99.2% | 99.1% | 66.4% | 98.4% |
| Debt/Equity | 0.60 | 0.60 | 0.63 | 0.66 | 0.63 | 0.39 |
| Dividends/Share | $1.74 | $1.77 | $1.70 | $1.61 | $1.50 | $1.38 |
| Operating Income | 3.6B | 3.6B | 3.5B | 3.3B | 1.7B | 1.4B |
| Operating Margin | 90.4% | 90.4% | 91.3% | 92.1% | 63.8% | 93.3% |
| ROE | 10.0% | 10.2% | 10.1% | 10.0% | 5.1% | 8.4% |
| Shares Outstanding | 1,063M | 1,063M | 1,046M | 1,018M | 880M | 576M |
VICI PROPERTIES INC. passes 4 of 9 quality checks, suggesting mixed fundamentals.
VICI PROPERTIES INC. trades at 10.9x trailing earnings, compared to its 15-year median P/E of 11.5x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 12.1x vs a median of 12.0x. The company's 5-year average ROIC is 7.6% with a gross margin of 92.5%. Total shareholder yield (dividends) is 6.2%. At current prices, the estimated annualized return to fair value is +8.6%.
VICI PROPERTIES INC. (VICI) has a current P/E ratio of 10.9, compared to its historical median P/E of 11.5. The stock is currently considered Fair based on its historical valuation range.
VICI PROPERTIES INC. (VICI) has a 5-year average return on invested capital (ROIC) of 7.6%. This is below average and may indicate limited pricing power.
VICI PROPERTIES INC. (VICI) has a market capitalization of $30.1B. It is classified as a large-cap stock.
Yes, VICI PROPERTIES INC. (VICI) pays a dividend with a trailing twelve-month yield of 6.15%.
Based on historical P/E analysis, VICI PROPERTIES INC. (VICI) appears fair. The current P/E of 10.9 is 6% below its historical median of 11.5. The estimated fair value CAGR (P/E method) is 12.4%.
VICI PROPERTIES INC. (VICI) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
VICI PROPERTIES INC. (VICI) reported annual revenue of $4.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
VICI PROPERTIES INC. (VICI) has a net profit margin of 69.3%. This is a strong margin indicating high profitability.
VICI PROPERTIES INC. (VICI) generated $2.5 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
VICI PROPERTIES INC. (VICI) has a debt-to-equity ratio of 0.60. This indicates moderate leverage.
VICI PROPERTIES INC. (VICI) reported earnings per share (EPS) of $2.61 in its most recent fiscal year.
VICI PROPERTIES INC. (VICI) has a return on equity (ROE) of 10.2%. This indicates moderate shareholder returns.
VICI PROPERTIES INC. (VICI) has a 5-year average gross margin of 92.5%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 10 years of financial data for VICI PROPERTIES INC. (VICI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
VICI PROPERTIES INC. (VICI) has a book value per share of $26.14, based on its most recent annual SEC filing.