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) Operating margin
VICI Properties Inc.'s operating margin over the twelve months to 30 June 2026 was 88.7%, down 2.3 percentage points from fiscal 2025 (91.1%). Over the past ten years it has ranged from 0.00% (fiscal 2016) to 95.0% (fiscal 2021); the current reading is higher than 60% of that period. That is above the Reit Diversified industry median of 33.3% and above the Real Estate sector median of 18.8%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 91.1% | (0.93) |
| FY2024 | 92.0% | (0.40) |
| FY2023 | 92.4% | 30.48 |
| FY2022 | 61.9% | (33.09) |
| FY2021 | 95.0% | 21.18 |
| FY2020 | 73.8% | (20.35) |
| FY2019 | 94.2% | 9.75 |
| FY2018 | 84.4% | 7.55 |
| FY2017 | 76.9% | 76.86 |
| FY2016 | 0.00% | — |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 70.2% | (37.31) |
| Mar 2026 | 107.5% | 27.18 |
| Dec 2025 | 80.3% | (17.36) |
| Sep 2025 | 97.7% | (11.63) |
| 30 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| VICI VICI Properties Inc. | 88.7% |
| SAFE Safehold Inc. compare | 75.6% |
| BNL Broadstone Net Lease, Inc. compare | 46.6% |
| WPC W.P. Carey Inc. compare | 41.8% |
| GNL Global Net Lease, Inc. compare | 39.6% |
| CTO CTO Realty Growth, Inc. compare | 38.7% |
| AAT American Assets Trust, Inc. compare | 22.8% |
| JBGS JBG SMITH Properties compare | −0.88% |
| ESRT Empire State Realty Trust, Inc. compare | −4.40% |
| Reit Diversified industry median | 33.3% |
| Real Estate sector median | 18.8% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on VICI
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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