Free cash flow
VICI Properties Inc. Free cash flow decreased by 8.7% to $631.24M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 6.7%, from $591.70M to $631.24M. Over 4 years (FY 2021 to FY 2025), Free cash flow shows an upward trend with a 29.4% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests improved operational efficiency or reduced capital intensity, providing more flexibility for capital allocation. A decrease may indicate higher investment in R&D or infrastructure, or potential challenges in converting earnings into cash.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
Large-cap medical device and pharmaceutical peers typically maintain strong, positive free cash flow, though levels vary based on the intensity of R&D spending and the lifecycle stage of major product lines.
free_cash_flowHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $254.47M | $200.32M | $284.57M | $297.72M | $652.73M | $503.87M | $487.20M | $521.05M | $530.05M | $551.53M | $574.35M | $541.33M | $611.94M | $577.69M | $643.01M | $591.70M | $639.23M | $586.08M | $691.64M | $631.24M |
| QoQ Change | — | -21.3% | +42.1% | +4.6% | +119.2% | -22.8% | -3.3% | +6.9% | +1.7% | +4.1% | +4.1% | -5.7% | +13.0% | -5.6% | +11.3% | -8.0% | +8.0% | -8.3% | +18.0% | -8.7% |
| YoY Change | — | — | — | — | +156.5% | +151.5% | +71.2% | +75.0% | -18.8% | +9.5% | +17.9% | +3.9% | +15.5% | +4.7% | +12.0% | +9.3% | +4.5% | +1.5% | +7.6% | +6.7% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is VICI Properties Inc.'s free cash flow?
- VICI Properties Inc. (VICI) reported free cash flow of $631.24M in Q1 2026.
- How has VICI Properties Inc.'s free cash flow changed year-over-year?
- VICI Properties Inc.'s free cash flow increased by 6.7% year-over-year, from $591.70M to $631.24M.
- What is the long-term trend for VICI Properties Inc.'s free cash flow?
- Over 4 years (2021 to 2025), VICI Properties Inc.'s free cash flow has grown at a 29.4% compound annual growth rate (CAGR), from $893.85M to $2.51B.
- What does free cash flow mean?
- The cash remaining after a company pays for its operating expenses and capital investments.