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) Gross margin
VICI Properties Inc.'s gross margin over the twelve months to 30 June 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 77.1% and above the Real Estate sector median of 66.1%.
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) |
|---|---|---|
| Jun 2026 | 100.0% | 0.00 |
| Mar 2026 | 100.0% | 0.00 |
| Dec 2025 | 100.0% | 0.00 |
| Sep 2025 | 100.0% | 0.00 |
| 30 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| VICI VICI Properties Inc. | 100.0% |
| BNL Broadstone Net Lease, Inc. compare | 94.9% |
| SAFE Safehold Inc. compare | 92.6% |
| WPC W.P. Carey Inc. compare | 90.2% |
| 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 | 70.9% |
| JBGS JBG SMITH Properties compare | 61.9% |
| Reit Diversified industry median | 77.1% |
| Real Estate sector median | 66.1% |
| Market median | 46.2% |
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
More on VICI
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- 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