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) Net margin
VICI Properties Inc.'s net margin over the twelve months to 30 June 2026 was 67.5%, down 1.8 percentage points from fiscal 2025 (69.3%). Over the past ten years it has ranged from 0.00% (fiscal 2016) to 72.8% (fiscal 2020); the current reading is higher than 70% of that period. That is above the Reit Diversified industry median of 2.62% and above the Real Estate sector median of 7.83%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 69.3% | (0.31) |
| FY2024 | 69.6% | 0.00 |
| FY2023 | 69.6% | 26.62 |
| FY2022 | 43.0% | (24.19) |
| FY2021 | 67.2% | (5.60) |
| FY2020 | 72.8% | 11.74 |
| FY2019 | 61.0% | 2.71 |
| FY2018 | 58.3% | 35.57 |
| FY2017 | 22.7% | 22.74 |
| FY2016 | 0.00% | — |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Jun 2026 | 49.7% | (35.91) |
| Mar 2026 | 85.7% | 25.95 |
| Dec 2025 | 59.7% | (15.94) |
| Sep 2025 | 75.6% | (10.75) |
| 30 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| VICI VICI Properties Inc. | 67.5% |
| WPC W.P. Carey Inc. compare | 36.3% |
| BNL Broadstone Net Lease, Inc. compare | 30.6% |
| CTO CTO Realty Growth, Inc. compare | 28.0% |
| SAFE Safehold Inc. compare | 27.7% |
| AAT American Assets Trust, Inc. compare | 4.09% |
| ESRT Empire State Realty Trust, Inc. compare | 0.39% |
| GNL Global Net Lease, Inc. compare | −12.5% |
| JBGS JBG SMITH Properties compare | −29.9% |
| Reit Diversified industry median | 2.62% |
| Real Estate sector median | 7.83% |
| Market median | 0.45% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
More on VICI
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating 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