What is VICI Properties Inc.'s earnings per share (EPS)?

VICI Properties Inc. (VICI) reported diluted earnings per share of $2.61 for fiscal year 2025. This represents a 2.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

VICI Properties Inc. (VICI) Financials

VICI

Trailing 12 months to June 30, 2026

Revenue $4.1B +4.4% YoY

Net Income $2.8B +0.3% YoY

EPS (Diluted) $2.57 -1.5% YoY

Operating Cash Flow $2.6B +7.5% YoY

Market Cap $25.2B as of Oct 10, 2026

Price / Sales 6.1x on $4.1B revenue, trailing 12 months to June 30, 2026

Price / Earnings 9.1x on $2.8B net income, trailing 12 months to June 30, 2026

Price / Book 0.9x on $29.2B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 29, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the VICI SEC filings page.

VICI Properties Inc. (VICI) reported $4.1B in revenue over the twelve months to Jun 30, 2026, up 4.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI VICI FY2025 2026-10-03

Cash generation has grown while leverage has eased, describing an asset-heavy property business funded increasingly through equity.

In FY2025, operating cash flow was about 90.4% of net income, a relationship similar to FY2024. That alignment suggests reported earnings are broadly cash-backed, rather than depending chiefly on noncash accounting, even though free cash flow is not reported.

Debt-to-equity fell to 0.6x in FY2025 from 0.7x in FY2023 even as total assets expanded, indicating asset growth has not worsened equity leverage. The 99.3% gross margin is less informative than the 5.9% return on assets here: the property-heavy balance sheet requires substantial capital to produce earnings.

FY2025 operating cash flow of $2.5B exceeded dividends of $1.9B, so reported operating cash generation was greater than distributions. Yet free cash flow and capital expenditures are unreported, leaving the tables unable to show how much of that cash remained after property investment.

Financial Health Signals

Financial Health Score 49/100

Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of VICI Properties Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin

FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. VICI Properties Inc. scores 96/100 on it among other REITs.

FFO Growth

FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. VICI Properties Inc. scores 50/100 on it among other REITs.

Leverage

Not available for VICI Properties Inc., and counted as zero in the overall score.

Interest Cov.

Not available for VICI Properties Inc., and counted as zero in the overall score.

AFFO Margin

AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. VICI Properties Inc. scores 95/100 on it among other REITs.

Dividend Cov.

Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. VICI Properties Inc. scores 54/100 on it among other REITs.

Piotroski F-Score Partial

6/8

VICI Properties Inc. passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

0.90x

For every $1 of reported earnings, VICI Properties Inc. generates $0.90 in operating cash flow ($2.5B OCF vs $2.8B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.1B

YoY+5.7%

QoQ+3.9%

5Y CAGR+23.0%

VICI Properties Inc. generated $1.1B in revenue in Q2 2026. This represents an increase of 5.7% from the same quarter a year earlier. Against the prior quarter it is up 3.9%.

Net Income

$526.5M

YoY-39.1%

QoQ-39.6%

5Y CAGR+11.9%

VICI Properties Inc. reported $526.5M in net income in Q2 2026. This represents a decrease of 39.1% from the same quarter a year earlier. Against the prior quarter it is down 39.6%.

EPS (Diluted)

$0.48

YoY-41.5%

QoQ-41.5%

5Y CAGR-2.3%

VICI Properties Inc. earned $0.48 per diluted share (EPS) in Q2 2026. This represents a decrease of 41.5% from the same quarter a year earlier. Against the prior quarter it is down 41.5%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt

$288.1M

YoY+23.6%

QoQ-40.0%

5Y CAGR-6.7%

VICI Properties Inc. held $288.1M in cash against $16.9B in long-term debt as of Q2 2026.

Dividends Per Share

$0.45

YoY+4.0%

QoQ0.0%

5Y CAGR+6.4%

VICI Properties Inc. paid $0.45 per share in dividends in Q2 2026. This represents an increase of 4.0% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

1.10B

YoY+3.3%

QoQ+3.0%

5Y CAGR+15.4%

VICI Properties Inc. had 1.10B shares outstanding in Q2 2026. This represents an increase of 3.3% from the same quarter a year earlier. Against the prior quarter it is up 3.0%.

Free Cash Flow

Not reported for Q2 2026.

Margins & Returns

Gross Margin

99.3%

YoY0.0pp

QoQ-0.1pp

5Y change+0.7pp

VICI Properties Inc.'s gross margin was 99.3% in Q2 2026, indicating the percentage of revenue retained after direct costs. That is unchanged from the same quarter a year earlier. Against the prior quarter it is down 0.1 percentage points.

Net Margin

49.7%

YoY-36.6pp

QoQ-35.9pp

5Y change-30.2pp

VICI Properties Inc.'s net profit margin was 49.7% in Q2 2026, showing the share of revenue converted to profit. This is down 36.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 35.9 percentage points.

Return on Equity

1.8%

YoY-1.4pp

QoQ-1.3pp

5Y change-1.3pp

VICI Properties Inc.'s ROE was 1.8% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.3 percentage points.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

VICI Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

VICI quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K
Revenue	$4.1B	$4.0B+4.1%	$3.8B+6.6%	$3.6B+38.9%	$2.6B+72.3%	$1.5B+23.2%	$1.2B+37.0%	$894.8M-0.4%	$898.0M+378.6%	$187.6M
Cost of Revenue	$27.6M	$26.7M-0.6%	$26.9M-0.7%	$27.1M+19.9%	$22.6M+8.9%	$20.8M+17.8%	$17.6M-6.7%	$18.9M+8.8%	$17.4M	N/A
Gross Profit	$4.1B	$4.0B+4.1%	$3.8B+6.6%	$3.6B+39.1%	$2.6B+73.2%	$1.5B+23.3%	$1.2B+37.9%	$875.9M-0.5%	$880.6M	N/A
SG&A Expenses	$67.1M	$65.1M-5.8%	$69.1M+15.9%	$59.6M+23.3%	$48.3M+45.9%	$33.1M+8.0%	$30.7M+24.8%	$24.6M+0.6%	$24.4M	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	$321.0M+513.8%	$52.3M-62.6%	$140.0M-2.9%	$144.2M
EBITDA	N/A	N/A	N/A	N/A	N/A	N/A	$324.7M+478.6%	$56.1M-60.9%	$143.7M-0.9%	$144.9M
Interest Expense	$839.9M	$843.6M+2.1%	$826.1M+1.0%	$818.1M+51.5%	$540.0M+37.6%	$392.4M+27.1%	$308.6M+24.2%	$248.4M+16.8%	$212.7M+235.7%	$63.4M
Income Tax	$2.8M	$2.4M-74.9%	$9.7M+258.0%	-$6.1M-313.5%	$2.9M-0.4%	$2.9M+247.4%	$831K-51.3%	$1.7M+18.3%	$1.4M+175.8%	-$1.9M
Net Income	$2.8B	$2.8B+3.6%	$2.7B+6.6%	$2.5B+124.9%	$1.1B+10.2%	$1.0B+13.7%	$891.7M+63.3%	$546.0M+4.3%	$523.6M+1075.7%	$44.5M
EPS (Basic)	N/A	$2.61+2.0%	$2.56+3.2%	$2.48+95.3%	$1.27-29.4%	$1.80+2.3%	$1.76+40.8%	$1.25-12.6%	$1.43	N/A
EPS (Diluted)	$2.57	$2.61+2.0%	$2.56+3.6%	$2.47+94.5%	$1.27	$1.76+0.6%	$1.75+41.1%	$1.24-13.3%	$1.43	N/A
Diluted Shares (Avg)	N/A	1.06B+1.4%	1.05B+3.1%	1.02B+15.5%	880M	577M+12.9%	511M+16.3%	439M+19.6%	367M	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$1.1B+5.7%	$1.0B+3.5%	$1.0B+3.8%	$1.0B+4.4%	$1.0B+4.6%	$984.2M+3.4%	$976.1M+4.7%	$964.7M+6.7%
Cost of Revenue	$7.4M+11.7%	$6.5M+1.8%	$7.0M+3.7%	$6.8M-0.9%	$6.6M-2.8%	$6.4M-2.4%	$6.7M-17.9%	$6.8M+7.8%
Gross Profit	$1.1B+5.7%	$1.0B+3.5%	$1.0B+3.8%	$1.0B+4.5%	$994.7M+4.7%	$977.9M+3.5%	$969.3M+4.9%	$957.8M+6.7%
SG&A Expenses	$15.4M+6.0%	$16.0M+7.5%	$19.3M-6.6%	$16.3M-0.7%	$14.6M-7.7%	$14.9M-8.2%	$20.7M+35.6%	$16.5M+14.1%
Interest Expense	$209.9M-1.8%	$209.4M+0.1%	$210.2M+1.0%	$210.3M+1.5%	$213.8M+3.9%	$209.3M+2.1%	$208.1M+1.4%	$207.3M+1.2%
Income Tax	-$461K-108.3%	$4.0M+261.8%	-$4.6M-286.3%	$3.9M+57.9%	$5.6M+72.0%	-$2.5M-257.2%	$2.4M+125.0%	$2.5M+282.1%
Net Income	$526.5M-39.1%	$872.4M+60.5%	$604.8M-1.6%	$762.0M+4.0%	$865.1M+16.7%	$543.6M-7.9%	$614.6M-17.8%	$732.9M+31.7%
EPS (Basic)	$0.48-41.5%	$0.82+60.8%	$0.56-3.4%	$0.71+1.4%	$0.82+15.5%	$0.51-10.5%	$0.58-20.5%	$0.70+27.3%
EPS (Diluted)	$0.48-41.5%	$0.82+60.8%	$0.56-3.4%	$0.71+1.4%	$0.82+15.5%	$0.51-10.5%	$0.58-19.4%	$0.70+27.3%
Diluted Shares (Avg)	1.09B+3.1%	1.07B+1.1%	N/A	1.07B+1.9%	1.06B+1.4%	1.06B+1.3%	N/A	1.05B+3.4%

Not reported in any period shown, so not listed: R&D Expenses, Operating Income, EBITDA.

VICI Balance Sheet

VICI quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K
Total Assets	$46.7B+3.0%	$45.4B+3.0%	$44.1B+17.3%	$37.6B+113.5%	$17.6B+3.1%	$17.1B+28.6%	$13.3B+17.0%	$11.3B+16.4%	$9.7B
Cash & Equivalents	$563.5M+7.4%	$524.6M+0.4%	$522.6M+150.1%	$208.9M-71.8%	$739.6M+134.1%	$316.0M-71.3%	$1.1B+90.7%	$577.9M+214.7%	$183.6M
Short-Term Investments	$44.5M	$0	$0-100.0%	$217.3M	$0-100.0%	$20.0M-66.4%	$59.5M-88.6%	$520.9M	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$18.5B+0.5%	$18.4B+0.1%	$18.4B+20.4%	$15.3B+182.5%	$5.4B-28.5%	$7.6B+45.1%	$5.2B+17.7%	$4.4B-10.7%	$5.0B
Long-Term Debt	$16.8B+0.2%	$16.7B+0.1%	$16.7B+21.7%	$13.7B+192.7%	$4.7B-30.6%	$6.8B+41.2%	$4.8B+16.2%	$4.1B0.0%	$4.1B
Total Equity	$27.8B+4.7%	$26.5B+5.1%	$25.3B+15.1%	$21.9B+81.1%	$12.1B+28.6%	$9.4B+18.2%	$8.0B+16.8%	$6.8B+45.3%	$4.7B
Retained Earnings	$2.8B+48.2%	$1.9B+93.4%	$965.8M+936.7%	$93.2M-73.1%	$346.0M+148.1%	$139.5M-33.0%	$208.1M+11.2%	$187.1M+338.6%	$42.7M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$48.3B+4.8%	$47.1B+3.4%	$46.7B+3.0%	$46.5B+3.6%	$46.1B+3.5%	$45.5B+3.1%	$45.4B+3.0%	$44.9B+4.9%
Cash & Equivalents	$288.1M+23.6%	$480.2M+43.6%	$563.5M+7.4%	$507.5M+42.7%	$233.0M-32.9%	$334.3M-31.1%	$524.6M+0.4%	$355.7M-30.4%
Short-Term Investments	$0	$0	$44.5M	$0	$0	$0-100.0%	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$18.7B+0.3%	$18.5B-0.2%	$18.5B+0.5%	$18.4B+0.2%	$18.6B+1.2%	$18.5B+0.9%	$18.4B+0.1%	$18.4B+0.5%
Long-Term Debt	$16.9B+0.1%	$16.8B-0.4%	$16.8B+0.2%	$16.8B+0.1%	$16.9B+1.2%	$16.8B+0.8%	$16.7B+0.1%	$16.7B+0.3%
Total Equity	$29.2B+7.9%	$28.2B+5.9%	$27.8B+4.7%	$27.7B+6.0%	$27.0B+5.1%	$26.6B+4.7%	$26.5B+5.1%	$26.1B+8.1%
Retained Earnings	$3.2B+35.0%	$3.2B+61.6%	$2.8B+48.2%	$2.6B+54.5%	$2.4B+65.0%	$2.0B+74.0%	$1.9B+93.4%	$1.7B+162.3%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities.

VICI Cash Flow Statement

VICI quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K
Operating Cash Flow	$2.6B	$2.5B+5.4%	$2.4B+9.2%	$2.2B+12.2%	$1.9B+116.8%	$896.4M+1.4%	$883.6M+29.5%	$682.2M+35.3%	$504.1M	N/A
Depreciation & Amortization	N/A	$3.6M-11.8%	$4.1M-4.0%	$4.3M+35.1%	$3.2M+2.9%	$3.1M-17.2%	$3.7M-2.6%	$3.8M+3.9%	$3.7M+390.8%	$751K
Stock-Based Compensation	N/A	$16.2M-7.5%	$17.5M+12.7%	$15.5M+19.6%	$13.0M+38.6%	$9.4M+26.8%	$7.4M+41.5%	$5.2M+123.0%	$2.3M	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$2.7M+203.0%	$899K	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$679.4M+35.0%	$503.2M	N/A
Investing Cash Flow	-$1.2B	-$904.8M+2.0%	-$922.8M+68.2%	-$2.9B+68.8%	-$9.3B-22546.9%	$41.4M+100.9%	-$4.5B-234.1%	-$1.4B-19.3%	-$1.1B	N/A
Financing Cash Flow	-$1.4B	-$1.6B-7.5%	-$1.5B-241.2%	$1.0B-84.9%	$6.8B+1428.3%	-$514.2M-117.9%	$2.9B+143.5%	$1.2B+14.0%	$1.0B	N/A
Dividends Paid	$1.9B	$1.9B+5.7%	$1.8B+10.7%	$1.6B+29.9%	$1.2B+60.7%	$758.8M+23.9%	$612.2M+21.5%	$504.0M+91.9%	$262.7M	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$728.2M+13.8%	$631.9M+6.8%	$691.9M+7.4%	$586.3M+1.2%	$639.9M+4.1%	$591.9M+8.8%	$644.1M+11.7%	$579.1M+4.9%
Depreciation & Amortization	$998K+34.7%	$967K-2.9%	$963K-2.9%	$937K-7.0%	$741K-25.3%	$996K-12.1%	$992K-37.5%	$1.0M-0.3%
Stock-Based Compensation	$4.6M+3.8%	$4.1M+42.0%	N/A	N/A	$4.4M	$2.9M-23.4%	N/A	N/A
Investing Cash Flow	-$802.9M-143.5%	-$222.9M+42.2%	-$139.3M+46.5%	-$50.1M+79.3%	-$329.8M-5.7%	-$385.6M-253.2%	-$260.2M+72.7%	-$241.6M+67.1%
Financing Cash Flow	-$117.2M+71.5%	-$492.1M-24.0%	-$496.3M-131.0%	-$261.8M+20.5%	-$411.6M+6.7%	-$396.8M+15.9%	-$214.9M-155.2%	-$329.3M-622.5%
Dividends Paid	$480.9M+5.2%	$481.4M+4.9%	$480.7M+6.2%	$456.8M+5.6%	$456.9M+5.6%	$459.0M+5.6%	$452.7M+7.2%	$432.7M+13.0%

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Share Buybacks.

VICI Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

VICI quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K
Gross Margin	99.3%0.0pp	99.3%0.0pp	99.3%+0.1pp	99.1%+0.5pp	98.6%+0.1pp	98.6%+0.7pp	97.9%-0.2pp	98.1%	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	26.2%+20.4pp	5.8%-9.8pp	15.6%-61.3pp	76.9%
Net Margin	69.3%-0.3pp	69.6%0.0pp	69.6%+26.6pp	43.0%-24.2pp	67.2%-5.6pp	72.8%+11.7pp	61.0%+2.7pp	58.3%+34.6pp	23.7%
Return on Equity	10.0%-0.1pp	10.1%+0.1pp	10.0%+4.9pp	5.1%-3.3pp	8.4%-1.1pp	9.5%+2.6pp	6.9%-0.8pp	7.7%+6.7pp	0.9%
Return on Assets	5.9%0.0pp	5.9%+0.2pp	5.7%+2.7pp	3.0%-2.8pp	5.8%+0.5pp	5.2%+1.1pp	4.1%-0.5pp	4.6%+4.2pp	0.5%
Debt-to-Equity	0.600.0x	0.630.0x	0.660.0x	0.63+0.2x	0.39-0.3x	0.72+0.1x	0.600.0x	0.60-0.3x	0.88
Asset Turnover	0.090.0x	0.080.0x	0.080.0x	0.070.0x	0.090.0x	0.070.0x	0.070.0x	0.08+0.1x	0.02
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	75.9%+19.9pp	56.0%	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	99.3%0.0pp	99.4%0.0pp	99.3%0.0pp	99.3%0.0pp	99.3%0.0pp	99.4%0.0pp	99.3%+0.2pp	99.3%0.0pp
Net Margin	49.7%-36.6pp	85.7%+30.4pp	59.7%-3.3pp	75.6%-0.3pp	86.4%+8.9pp	55.2%-6.8pp	63.0%-17.3pp	76.0%+14.5pp
Return on Equity	1.8%-1.4pp	3.1%+1.0pp	2.2%-0.1pp	2.8%-0.1pp	3.2%+0.3pp	2.0%-0.3pp	2.3%-0.6pp	2.8%+0.5pp
Return on Assets	1.1%-0.8pp	1.8%+0.7pp	1.3%-0.1pp	1.6%0.0pp	1.9%+0.2pp	1.2%-0.1pp	1.4%-0.4pp	1.6%+0.3pp
Debt-to-Equity	0.580.0x	0.600.0x	0.600.0x	0.610.0x	0.630.0x	0.630.0x	0.630.0x	0.640.0x
Asset Turnover	0.020.0x	0.020.0x	0.020.0x	0.020.0x	0.020.0x	0.020.0x	0.020.0x	0.020.0x

Not reported in any period shown, so not listed: Operating Margin, Current Ratio, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
VICI Properties Inc. VICI	FY2025	$4.0B	$2.8B	69.3%	$25.2B	49/100
W.P. Carey Inc. (REIT) WPC	FY2025	$1.7B	$466.4M	27.2%	$14.4B	37/100
Broadstone Net Lease, Inc. BNL	FY2025	$454.1M	$96.5M	21.3%	$3.5B	44/100
EMPIRE STATE REALTY TRUST, INC. ESRT	FY2025	$768.3M	$73.0M	9.5%	$801.6M	48/100
Extra Space Storage, Inc. EXR	FY2025	$3.4B	$974.0M	28.8%	$28.4B	43/100
Ventas, Inc. VTR	FY2025	$5.8B	$261.5M	4.5%	$42.1B	33/100

Where VICI Properties Inc. Ranks

Frequently Asked Questions

What is VICI Properties Inc.'s annual revenue?

VICI Properties Inc. (VICI) reported $4.0B in total revenue for fiscal year 2025. This represents a 4.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is VICI Properties Inc.'s revenue growing?

VICI Properties Inc. (VICI) revenue grew by 4.1% year-over-year, from $3.8B to $4.0B in fiscal year 2025.

Is VICI Properties Inc. profitable?

Yes, VICI Properties Inc. (VICI) reported a net income of $2.8B in fiscal year 2025, with a net profit margin of 69.3%.

How much debt does VICI Properties Inc. have?

As of fiscal year 2025, VICI Properties Inc. (VICI) had $563.5M in cash and equivalents against $16.8B in long-term debt.

What is VICI Properties Inc.'s gross margin?

VICI Properties Inc. (VICI) had a gross margin of 99.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is VICI Properties Inc.'s net profit margin?

VICI Properties Inc. (VICI) had a net profit margin of 69.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does VICI Properties Inc. pay dividends?

Yes, VICI Properties Inc. (VICI) paid $1.76 per share in dividends during fiscal year 2025.

What is VICI Properties Inc.'s return on equity (ROE)?

VICI Properties Inc. (VICI) has a return on equity of 10.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is VICI Properties Inc.'s operating cash flow?

VICI Properties Inc. (VICI) generated $2.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are VICI Properties Inc.'s total assets?

VICI Properties Inc. (VICI) had $46.7B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does VICI Properties Inc. have outstanding?

VICI Properties Inc. (VICI) had 1.07B shares outstanding as of fiscal year 2025.

What is VICI Properties Inc.'s debt-to-equity ratio?

VICI Properties Inc. (VICI) had a debt-to-equity ratio of 0.60 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is VICI Properties Inc.'s return on assets (ROA)?

VICI Properties Inc. (VICI) had a return on assets of 5.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is VICI Properties Inc.'s P/E ratio?

VICI Properties Inc. (VICI) trades at 9.1x earnings, its market capitalization divided by net income of $2.8B net income, trailing 12 months to June 30, 2026. The market capitalization is $25.2B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is VICI Properties Inc.'s price-to-sales ratio?

VICI Properties Inc. (VICI) trades at 6.1x sales, its market capitalization divided by revenue of $4.1B revenue, trailing 12 months to June 30, 2026. The market capitalization is $25.2B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is VICI Properties Inc.'s Piotroski F-Score?

VICI Properties Inc. (VICI) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are VICI Properties Inc.'s earnings high quality?

VICI Properties Inc. (VICI) has an earnings quality ratio of 0.90x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is VICI Properties Inc.?

VICI Properties Inc. (VICI) scores 49 out of 100 on our Financial Health Score, indicating moderate standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.