What are VICI Properties Inc.'s profit margins?

VICI Properties Inc. (VICI) runs a 99.3% gross margin and a 70.0% operating margin, with a 76.8% net margin.

Where do VICI Properties Inc.'s ratios come from?

Every ratio is computed from VICI Properties Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

VICI Properties Inc. VICI Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	99.3%0.0pp	99.3%0.0pp	99.3%0.0pp	99.3%0.0pp	99.3%0.0pp
Net margin	76.8%+7.5pp	69.3%-0.9pp	70.2%0.0pp	70.2%+2.4pp	67.8%-1.8pp
EBITDA margin	99.2%+7.6pp	91.6%-1.2pp	92.8%-0.2pp	93%+2.4pp	90.5%-2.0pp
Free cash flow margin	63.1%+0.4pp	62.6%+0.6pp	62%-0.5pp	62.4%0.0pp	62.5%+0.8pp
Returns
Return on equity	11.3%+1.1pp	10.2%-0.1pp	10.4%-0.1pp	10.5%+0.3pp	10.1%-0.2pp
Return on assets	6.7%+0.7pp	6%-0.1pp	6.1%0.0pp	6.1%+0.2pp	5.9%-0.1pp
Return on invested capital	8.6%+0.6pp	8%0.0pp	8%0.0pp	8%+0.2pp	7.8%-0.3pp
Efficiency
Asset turnover	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Leverage
Debt-to-equity	0.7×0.0×	0.7×0.0×	0.7×0.0×	0.7×0.0×	0.7×0.0×
Debt-to-assets	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Net debt / EBITDA	4.7×-0.5×	5.1×0.0×	5.1×-0.2×	5.3×-0.2×	5.4×+0.3×
Interest coverage	4.7×+0.4×	4.3×0.0×	4.4×0.0×	4.3×+0.1×	4.2×-0.1×
Per Share
Book value per share	$26.38+0.9%	$26.16+1.0%	$25.90+1.3%	$25.56+1.5%	$25.19-0.6%
Valuation
Market capitalization	$29.2B-2.8%	$30.05B-13.6%	$34.77B+0.3%	$34.67B+0.6%	$34.47B+11.9%
Enterprise value	$47.9B-2.1%	$48.9B-8.9%	$53.66B-0.6%	$54B+0.7%	$53.62B+9.0%
Price / earnings	9.4×-1.4×	10.8×-1.7×	12.5×-0.1×	12.6×-0.5×	13.1×+1.6×
Price / sales	7.2×-0.3×	7.5×-1.3×	8.8×-0.1×	8.8×0.0×	8.9×+0.9×
Price / book	1×0.0×	1.1×-0.2×	1.3×0.0×	1.3×0.0×	1.3×+0.1×
EV / EBITDA	11.9×-1.4×	13.3×-1.2×	14.6×-0.2×	14.8×-0.5×	15.3×+1.4×
EV / sales	11.9×-0.4×	12.2×-1.3×	13.5×-0.2×	13.8×-0.1×	13.8×+1.0×
Free cash flow yield	8.7%+0.4pp	8.3%+1.3pp	7.1%0.0pp	7.1%0.0pp	7%-0.7pp
Earnings yield	10.6%+1.4pp	9.2%+1.2pp	8%+0.1pp	7.9%+0.3pp	7.6%-1.1pp
Dividend yield	6.4%+0.3pp	6.2%+0.9pp	5.2%+0.1pp	5.2%0.0pp	5.2%-0.5pp
PEG ratio	0.5×-2.5×	3×—	——	2.7×-4.4×	7.1×+5.4×

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Questions, answered.

What are VICI Properties Inc.'s profit margins?: VICI Properties Inc. (VICI) runs a 99.3% gross margin and a 70.0% operating margin, with a 76.8% net margin.
Where do VICI Properties Inc.'s ratios come from?: Every ratio is computed from VICI Properties Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.