VICI Properties Inc.
VICI Real Estate Reit Diversified
VICI Properties Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.0 billion, up 4.08% from fiscal 2024. In the quarter to June 2026, revenue grew 5.71%, EPS fell 41.5%, free cash flow grew 13.5% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years, revenue growth for five, operating cash flow growth for five.
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VICI Properties Inc. (VICI) Free cash flow
VICI Properties Inc.'s free cash flow for fiscal 2025 was $2.5B, up 5.86% from $2.4B in fiscal 2024. Over the twelve months to 30 June 2026 it was $2.6B. Over the past ten years it has ranged from $2.7M (fiscal 2016) to $2.5B (fiscal 2025) — the current reading is the highest in ten years. Free cash flow has risen for 4 consecutive fiscal years. VICI Properties Inc. ranks 1st of 16 Reit Diversified companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $2.5B | 5.86% |
| FY2024 | $2.4B | 8.78% |
| FY2023 | $2.2B | 12.45% |
| FY2022 | $1.9B | 114.03% |
| FY2021 | $907.1M | (2.55%) |
| FY2020 | $930.9M | 36.80% |
| FY2019 | $680.5M | 35.18% |
| FY2018 | $503.4M | 289.04% |
| FY2017 | $129.4M | 4,655.20% |
| FY2016 | $2.7M | — |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $728.0M | 15.33% |
| Mar 2026 | $631.2M | (9.20%) |
| Dec 2025 | $695.2M | 18.62% |
| Sep 2025 | $586.1M | (8.60%) |
| 31 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| VICI VICI Properties Inc. | $2.6B |
| GNL Global Net Lease, Inc. compare | $201.2M |
| AAT American Assets Trust, Inc. compare | $88.7M |
| CTO CTO Realty Growth, Inc. compare | $15.9M |
| JBGS JBG SMITH Properties compare | −$42.3M |
| WPC W.P. Carey Inc. compare | −$103.9M |
| SAFE Safehold Inc. compare | −$139.6M |
| ESRT Empire State Realty Trust, Inc. compare | −$301.1M |
| BNL Broadstone Net Lease, Inc. compare | −$383.5M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on VICI
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement