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%+0.1pp	99.3%+0.1pp	99.3%+0.1pp
Net margin	76.8%+9.0pp	69.3%-0.3pp	70.2%-3.7pp	70.2%-0.2pp	67.8%-2.3pp
EBITDA margin	99.2%+8.7pp	91.6%-1.0pp	92.8%-4.0pp	93%-0.5pp	90.5%-2.9pp
Free cash flow margin	63.1%+0.6pp	62.6%+0.9pp	62%+1.4pp	62.4%+1.6pp	62.5%+2.8pp
Returns
Return on equity	11.3%+1.2pp	10.2%-0.1pp	10.4%-0.8pp	10.5%-0.2pp	10.1%-0.5pp
Return on assets	6.7%+0.8pp	6%0.0pp	6.1%-0.3pp	6.1%0.0pp	5.9%-0.1pp
Return on invested capital	8.6%+0.9pp	8%0.0pp	8%-0.5pp	8%-0.1pp	7.8%-0.2pp
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×-0.1×	0.7×0.0×	0.7×-0.1×	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×-0.8×	5.1×0.0×	5.1×-0.1×	5.3×-0.2×	5.4×-0.1×
Interest coverage	4.7×+0.5×	4.3×0.0×	4.4×-0.1×	4.3×+0.1×	4.2×0.0×
Per Share
Book value per share	$26.38+4.7%	$26.16+3.3%	$25.90+4.0%	$25.56+3.7%	$25.19+3.4%
Valuation
Market capitalization	$29.2B-15.3%	$30.05B-2.4%	$34.77B-0.3%	$34.67B+16.0%	$34.47B+10.9%
Enterprise value	$47.9B-10.7%	$48.9B-0.6%	$53.66B-1.0%	$54B+9.8%	$53.62B+6.7%
Price / earnings	9.4×-3.7×	10.8×-0.7×	12.5×+0.1×	12.6×+1.2×	13.1×+1.1×
Price / sales	7.2×-1.7×	7.5×-0.5×	8.8×-0.4×	8.8×+0.9×	8.9×+0.4×
Price / book	1×-0.3×	1.1×-0.1×	1.3×-0.1×	1.3×+0.1×	1.3×+0.1×
EV / EBITDA	11.9×-3.3×	13.3×-0.5×	14.6×-0.2×	14.8×+0.7×	15.3×+0.7×
EV / sales	11.9×-2.0×	12.2×-0.6×	13.5×-0.7×	13.8×+0.6×	13.8×+0.2×
Free cash flow yield	8.7%+1.7pp	8.3%+0.6pp	7.1%+0.5pp	7.1%-0.6pp	7%0.0pp
Earnings yield	10.6%+3.0pp	9.2%+0.5pp	8%-0.1pp	7.9%-0.9pp	7.6%-0.7pp
Dividend yield	6.4%+1.3pp	6.2%+0.5pp	5.2%+0.3pp	5.2%-0.4pp	5.2%-0.1pp
PEG ratio	0.5×-6.6×	3×+1.3×	——	2.7×+2.3×	7.1×+7.0×

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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.