Pricing Log in Create free account
Saturday 17 October 2026 Export VICI’s income statement to Excel — free account

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.

23.60 0.14 +0.60%
Market cap
$25.8B
P/E
9.1×
Fwd P/E
9.4×
Dividend yield
7.67%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 25,830.00
Revenue 4,097.60
Net Income 2,809.18
Free Cash Flow 2,640.48
Net Debt 16,495.09
Current Ratio 1.98
Debt/Equity 0.57
P/E ratio 9.15
Fwd P/E 9.44
P/S ratio 6.28
P/B ratio 0.87
Past 5Y EPS Growth 8.32%
This Y EPS Growth 5.86%
Next Y EPS Growth 7.67%
Next Y revenue growth 5.24%
Next 5Y EPS Growth 5.53%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 10.3×, against a ten-year median of 13.2×; over the ten years it ranged from 9.7× in 2018 to 23.7× in 2022.
P/E against its own 10 years 1.04%
10-year low 10-year high
P/S against its own 10 years 1.12%
10-year low 10-year high
P/B against its own 10 years 1.30%
10-year low 10-year high
EV/Sales against its own 10 years 1.73%
10-year low 10-year high
EV/FCF against its own 10 years 3.31%
10-year low 10-year high

Dividends

Payout Ratio 0.70
Annual Dividend Rate 1.81
Annual Dividend Yield 7.67%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.83
0.45
0.45
0.46
2025 1.77
0.43
0.43
0.45
0.45
2024 1.70
0.42
0.42
0.43
0.43
2023 1.61
0.39
0.39
0.42
0.42
2022 1.50
0.36
0.36
0.39
0.39
2021 1.38
0.33
0.33
0.36
0.36
2020 1.26
0.30
0.30
0.33
0.33
2019 1.17
0.29
0.29
0.30
0.30
2018 1.00
0.16
0.26
0.29
0.29
2017 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 673 675 756 436
Receivables — — — —
Inventory — — — —
Other — — — —
673 675 756 436
2023 2024 2025 Q'26
Payables — 218 239 220
ST’ Debt — — — —
Other — — — —
— 218 239 220

Compound Annual Growth %

10y 5y 3y
Sales — 26.73% 15.49%
Cash Flow — 23.22% 8.90%
Earnings — 25.50% 35.42%
Book Value — 24.35% 8.18%

Revenue $m

Mar Jun Sep Dec Year
’26 1,019 1,059 — — —
’25 984 1,001 1,007 1,013 4,006
’24 951 957 965 976 3,849
’23 878 898 904 932 3,612
’22 417 663 752 770 2,601
’21 374 376 376 383 1,510
’20 255 258 340 373 1,226
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 632 728 — — —
’25 592 640 586 692 2,510
’24 544 615 579 644 2,381
’23 522 530 552 576 2,181
’22 298 653 504 488 1,943
’21 156 255 200 285 896
’20 137 181 221 344 884
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 631 728 — — —
’25 592 641 586 695 2,514
’24 541 613 578 643 2,375
’23 521 536 551 574 2,183
’22 298 653 504 487 1,942
’21 154 254 204 294 907
’20 136 180 252 363 931
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.82 0.48 — — —
’25 0.51 0.82 0.71 0.57 2.61
’24 0.57 0.71 0.70 0.58 2.56
’23 0.52 0.69 0.55 0.72 2.47
’22 0.35 (0.06) 0.34 0.63 1.27
’21 0.50 0.54 0.28 0.44 1.76
’20 (0.05) 0.47 0.74 0.53 1.75
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.9
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — 18.00 17.58 18.33 9.85 24.51 26.23 26.63 27.08 27.56

Analyst estimates 2026–2028

Powerpack
High — 21.00 22.99 25.55 28.75 33.35 35.69 35.07 34.29 34.03
People
People Employees — 140 140 140 147 152 23 28 27 28
Revenue/emp, $m 0.00 1.34 6.41 6.39 8.34 9.93 113.07 129.00 142.56 143.08
Income, $m
Income, $m Revenue 19 188 898 895 1,226 1,510 2,601 3,612 3,849 4,006
Gross margin, % 0.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
EBT — 43 534 556 897 1,026 1,139 2,548 2,731 2,821
EBT margin, % 0.00 22.73 59.42 62.14 73.19 67.97 43.80 70.56 70.95 70.42
Net income — 45 532 554 896 1,023 1,136 2,555 2,721 2,819
Depreciation — 1 10 37 24 75 36 50 51 50
Per share, $
Per share, $ Revenue 0.05 0.82 2.45 2.06 2.42 2.67 2.96 3.56 3.68 3.77
Earnings — 0.20 1.43 1.25 1.76 1.80 1.27 2.48 2.56 2.61
Cash flow 0.01 0.57 1.37 1.57 1.75 1.59 2.21 2.15 2.28 2.36
Capex 0.00 0.00 0.00 0.00 0.09 0.02 0.00 0.00 (0.01) 0.00
Free cash flow 0.01 0.57 1.37 1.56 1.84 1.61 2.21 2.15 2.27 2.37
Book value 0.23 20.96 18.79 18.50 18.76 21.59 25.40 25.29 25.75 26.57
Shares, m 370 228 367 435 506 564 878 1,015 1,047 1,062
Valuation, ×
Valuation, × P/E 105.79 105.79 13.13 20.28 14.91 16.73 25.20 13.17 11.41 10.77
P/S 0.00 0.00 7.68 12.42 10.53 11.26 10.71 9.17 7.94 7.45
P/B 1.02 1.02 1.00 1.38 1.36 1.39 1.25 1.29 1.13 1.06
EV/Sales 0.00 0.00 9.71 15.16 15.65 13.78 15.77 13.62 12.11 11.45
EV/FCF 0.00 0.00 17.32 19.93 20.60 22.93 21.13 22.53 19.64 18.25
Cash, $m
Cash, $m Operating cash flow 3 129 504 682 884 896 1,943 2,181 2,381 2,510
Capex (1) 0 (1) (2) 47 11 (2) 2 (7) 4
Free cash flow 3 129 503 680 931 907 1,942 2,183 2,375 2,514
Balance, $m
Balance, $m Working capital — 1,360 2,288 2,323 448 893 580 673 457 517
Total debt 0 4,786 4,122 4,792 6,766 4,695 13,740 16,724 16,733 16,773
Net debt (1) 3,404 1,820 2,449 6,271 3,801 13,160 16,051 16,058 16,017
Shareholders’ equity 84 4,776 6,901 8,049 9,494 12,187 22,290 25,658 26,952 28,223
Returns, %
Returns, % ROA 0.00 0.87 4.97 4.44 5.88 5.85 4.05 6.16 5.99 6.03
ROIC 0.00 1.10 5.43 5.02 3.59 5.61 2.84 5.00 5.14 5.15
ROE 0.00 1.76 8.97 7.30 10.17 9.35 6.48 10.48 10.18 10.06
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

VICI Properties Inc. vs peers in Reit Diversified (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
VICI VICI Properties Inc. $25.8B 9.1× 9.4× +5.71% (above 0%: growing) −41.46% (below 0%: shrinking) +13.54% (above 0%: growing) 100.00% 70.18%
WPC W.P. Carey Inc. $14.7B 22.2× 25.7× +7.03% (above 0%: growing) +256.52% (above 0%: growing) −230.11% (below 0%: shrinking) 90.61% 35.47% Compare
BNL Broadstone Net Lease, Inc. $3.5B 23.9× 25.2× +8.25% (above 0%: growing) +90.91% (above 0%: growing) +126.12% (above 0%: growing) 95.24% 42.47% Compare
GNL Global Net Lease, Inc. $1.7B — (loss-making) — (loss-making) −9.95% (below 0%: shrinking) n/m +54.71% (above 0%: growing) 88.09% 48.66% Compare
AAT American Assets Trust, Inc. $1.3B 73.4× 51.4× +1.44% (above 0%: growing) 0.00% −13.90% (below 0%: shrinking) 70.98% 24.02% Compare
JBGS JBG SMITH Properties $826.8M — (loss-making) — (loss-making) +2.29% (above 0%: growing) n/m +71.92% (above 0%: growing) 62.69% 2.98% Compare
ESRT Empire State Realty Trust, Inc. $818.9M 154× 110× +2.95% (above 0%: growing) n/m +42.29% (above 0%: growing) 74.97% (70.45%) Compare
SAFE Safehold Inc. $817.9M 7.0× 9.3× +22.17% (above 0%: growing) +7.69% (above 0%: growing) −181.89% (below 0%: shrinking) 87.18% 73.05% Compare
CTO CTO Realty Growth, Inc. $772.2M 15.1× 45.6× +16.45% (above 0%: growing) n/m +162.11% (above 0%: growing) 74.62% 30.23% Compare
Median of peers $1.1B 23.0× 35.7× +4.99% +49.30% +48.50% 81.08% 32.85%

All 16 Reit Diversified stocks →

VICI metrics, ten years each

VICI Properties Inc. (VICI) key facts

  • Strength: VICI Properties Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.0 billion, up 4.08% from fiscal 2024.
  • Strength: Net income was $2.8 billion, or $2.61 per share (basic), a net margin of 69.3%.
  • VICI Properties Inc. (VICI) is a Reit Diversified company in the Real Estate sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, VICI traded at $23.60, a market capitalization of $25.8 billion.
  • At that price the stock trades at 9.1× trailing-twelve-month earnings and 6.3× sales; its P/E is higher than 1% of its own readings over the past ten years.
  • VICI Properties Inc. pays an annual dividend of $1.81 per share, a yield of 7.67%, with a payout ratio of 70.2%.
  • Return on equity was 10.1% and debt-to-equity 0.57.
  • Its Piotroski F-score is 6 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

VICI Properties Inc. (VICI) Latest News

No news at this impact. Lower the threshold for more.
stockrow.com/VICI · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com