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VICI Properties Inc. VICI Operating margin

Discontinued — last reported Q3 '20

Operating margin at other companies

Host Hotels & Resorts logo
Host Hotels & ResortsHST
14.4%-0.5pp
AvalonBay Communities logo
AvalonBay CommunitiesAVB
67%+0.9pp
Las Vegas Sands logo
Las Vegas SandsLVS
22.7%+2.2pp
Prologis logo
PrologisPLD
47.5%-1.0pp
Kimco Realty logo
Kimco RealtyKIM
36.9%+4.1pp
CBRE Group logo
CBRE GroupCBRE
4.7%+0.7pp

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%
Free cash flow$631.2M+6.7%

Valuation

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Market cap$29.32B-15.3%
Enterprise value$48.01B-10.7%
P/E9.5×-3.7×
P/S7.3×-1.7×

Profitability

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Gross margin99.3%0.0pp
Net margin76.8%+9.0pp

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.

Based on trailing twelve months.

The official record: VICI Properties Inc.’s 10-Q, filed October 28, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.