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.

Revenue
+5.76%
EPS
−55.6%
Free cash flow
+11.3%
Total debt
+0.92%

Quarter to September 2026, against a year earlier

25.14 0.11 −0.44%
Market cap
$27.8B
P/E
11.5×
Fwd P/E
8.9×
Dividend yield
7.20%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

VICI Properties Inc. (VICI) Gross margin

Alert me on Gross margin

VICI Properties Inc.'s gross margin over the twelve months to 30 September 2026 was 100.0%, down 0.0 percentage points from fiscal 2025 (100.0%). Over the past ten years it has ranged from 0.00% (fiscal 2016) to 100.0% (fiscal 2025) — the current reading is the highest in ten years. That is above the Reit Diversified industry median of 74.6% and above the Real Estate sector median of 62.8%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 100.0% 0.00
FY2024 100.0% 0.00
FY2023 100.0% 0.00
FY2022 100.0% 0.00
FY2021 100.0% 0.00
FY2020 100.0% 0.00
FY2019 100.0% 0.00
FY2018 100.0% 0.00
FY2017 100.0% 100.00
FY2016 0.00% —

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 100.0% 0.00
Jun 2026 100.0% 0.00
Mar 2026 100.0% 0.00
Dec 2025 100.0% 0.00
31 more quarters

Against its own ten years

Low 0.00% High 100.0%
Ten-year median 100.0%
Current reading's percentile 100

Gross margin against peers

Company Gross margin
VICI VICI Properties Inc. 100.0%
BNL Broadstone Net Lease, Inc. compare 94.7%
WPC W.P. Carey Inc. compare 90.7%
SAFE Safehold Inc. compare 89.8%
GNL Global Net Lease, Inc. compare 88.8%
CTO CTO Realty Growth, Inc. compare 75.1%
ESRT Empire State Realty Trust, Inc. compare 74.7%
AAT American Assets Trust, Inc. compare 70.8%
JBGS JBG SMITH Properties compare 61.9%
Reit Diversified industry median 74.6%
Real Estate sector median 62.8%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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