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Discontinued — last reported Q1 '26

Free cash flow at other companies

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Other financials

Income statement

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Revenue$1.0B+3.5%
Gross profit$1.0B+3.5%
Net income$872.4M+60.5%
EPS (diluted)$0.82+60.8%

Balance sheet

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Cash & equivalents$480.2M+43.6%
Total debt$19.2B-1.6%
Total equity$28.2B+5.9%
Total assets$47.1B+3.4%

Cash flow

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Operating cash flow$631.9M+6.8%
CapEx$628.0K+303%

Valuation

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Market cap$28.59B-12.0%
Enterprise value$47.28B-8.8%
P/E9.2×-2.6×
P/S7.1×-1.2×

Profitability

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Gross margin99.3%0.0pp
Operating margin70%
Net margin76.8%+9.0pp
FCF margin63.1%+0.6pp

Returns & leverage

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Return on equity11.3%+1.2pp
Debt / equity0.7×-0.1×

Where this comes from

Calculated from VICI Properties Inc.’s reported figures.

The official record: VICI Properties Inc.’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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 $591.7M 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?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.