Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Vici Properties Inc.

VICI · NYSE · Real estate

Fundamental quality

REASONABLE

73

out of 100

Breakdown by area

I.GrowthEPS growth: 29.2% · Revenue growth: 14.5%
86
II.ProfitabilityNet margin: 76.8% · ROE: 11%
79
III.Financial healthNet debt/EBITDA: 50.23x · FCF: 63%
54

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its financial strength drags it down the most.

Strengths

  • High net margin (76.8%), a sign of a very profitable business.
  • Growing revenue (14.5% annualized).
  • Growing earnings per share (29.2% annualized).
  • Strong free-cash-flow generation (FCF margin of 63%).

Risks and weaknesses

  • High leverage (net debt of 50.23× EBITDA).

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
2021$1,510M$1,014M$3,955M
2022$2,601M$1,118M$13,531M
2023$3,612M$2,514M$16,202M
2024$3,849M$2,679M$16,208M
2025$4,006M$2,775M$16,210M

Between 2021 and 2025, revenue went from $1,510M to $4,006M (+165%) and net income went from $1,014M to $2,775M (+174%).

Annual figures in U.S. dollars per SEC filings. Net debt is total debt minus cash.

Frequently asked questions

Is Vici Properties Inc. a profitable company?

Yes. Vici Properties Inc. shows a net margin of 76.8% and an ROE of 11%, a sign of a profitable business.

Does Vici Properties Inc. have a lot of debt?

Yes, its leverage is high: net debt is 50.23 times its EBITDA.

Is Vici Properties Inc. growing?

Its revenue has grown 14.5% annualized in recent years and its earnings per share 29.2%.

Does Vici Properties Inc. generate cash?

Yes. It converts about 63% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

Is Vici Properties Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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