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VICI Properties (VICI) Financials

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$31.92 -0.23 (-0.72%)
As of 05/20/2025 03:58 PM Eastern
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Annual Income Statements for VICI Properties

Annual Income Statements for VICI Properties

This table shows VICI Properties' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders		 2,679 2,514 1,118 1,014 892 546 524 0.00 0.00
Consolidated Net Income / (Loss)		 2,721 2,555 1,136 1,023 896 554 532 0.00 0.00
Net Income / (Loss) Continuing Operations		 2,721 2,555 1,136 1,023 896 554 532 0.00 0.00
Total Pre-Tax Income 		2,731 2,548 1,139 1,026 897 556 534 0.00 0.00
Total Revenue		 3,039 2,822 2,070 1,102 885 608 592 19 18
Net Interest Income / (Expense)		 -810 -794 -530 -392 -302 -228 -201 -0.01 -0.02
Total Interest Income		 16 24 9.53 0.12 6.80 20 11 0.00 0.00
Investment Securities Interest Income		 16 24 9.53 0.12 6.80 20 0.00 - -
Total Interest Expense		 826 818 540 392 309 248 213 0.01 0.02
Long-Term Debt Interest Expense		 826 818 540 392 309 248 213 - 0.02
Total Non-Interest Income		 3,849 3,616 2,601 1,494 1,187 837 794 19 18
Other Service Charges		 118 112 95 58 40 29 27 2.08 0.00
Other Non-Interest Income		 3,731 3,500 2,505 1,451 1,186 866 790 17 4.01
Total Non-Interest Expense		 308 275 991 76 321 52 59 19 18
Other Operating Expenses		 300 263 965 62 309 43 42 13 12
Depreciation Expense		 4.13 4.30 3.18 3.09 3.73 3.83 3.69 3.03 2.88
Restructuring Charge		 4.57 8.02 23 10 8.68 5.00 0.39 - 0.00
Other Special Charges		 -0.58 - 0.00 0.00 - - - - -
Nonoperating Income / (Expense), net		 0.00 1.28 60 0.00 333 0.00 - - -
Income Tax Expense		 9.70 -6.14 2.88 2.89 0.83 1.71 1.44 0.00 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 42 41 19 9.31 4.53 8.32 8.50 - 0.00
Basic Earnings per Share		 $2.56 $2.48 $1.27 $1.80 $1.76 $1.25 $1.43 $0.00 $0.00
Weighted Average Basic Shares Outstanding		 1.05B 1.01B 877.51M 564.47M 506.14M 435.07M 367.23M 0.00 0.00
Diluted Earnings per Share		 $2.56 $2.47 $1.27 $1.76 $1.75 $1.24 $1.43 $0.00 $0.00
Weighted Average Diluted Shares Outstanding		 1.05B 1.02B 879.68M 577.07M 510.91M 439.15M 367.32M 0.00 0.00
Weighted Average Basic & Diluted Shares Outstanding		 1.06B 1.04B 1.00B 748.39M 536.66M 468.49M 366.20M 0.00 -
Cash Dividends to Common per Share		 $1.70 $1.61 $1.50 $1.38 $1.26 $1.17 $1.00 - -

Quarterly Income Statements for VICI Properties

This table shows VICI Properties' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 544 615 733 741 590 748 556 691 519 604 331
Consolidated Net Income / (Loss)		 552 624 744 753 600 760 565 702 528 615 337
Net Income / (Loss) Continuing Operations		 552 624 744 753 600 760 565 702 528 615 337
Total Pre-Tax Income 		550 627 747 756 601 750 566 703 529 616 337
Total Revenue		 779 772 760 755 752 740 706 700 676 606 585
Net Interest Income / (Expense)		 -206 -204 -205 -202 -200 -197 -198 -198 -201 -164 -166
Total Interest Income		 3.70 4.08 2.80 3.93 5.29 7.78 7.34 5.81 3.05 5.63 3.02
Investment Securities Interest Income		 3.70 4.08 2.80 3.93 5.29 7.78 7.34 5.81 3.05 5.63 3.02
Total Interest Expense		 209 208 207 206 205 205 205 204 204 169 169
Long-Term Debt Interest Expense		 209 208 207 206 205 205 205 204 204 169 169
Total Non-Interest Income		 984 976 965 957 951 937 903 898 878 770 752
Other Service Charges		 29 42 27 19 29 47 18 19 28 38 25
Net Realized & Unrealized Capital Gains on Investments		 -0.12 - - - -0.16 - -1.12 - - - 0.00
Other Non-Interest Income		 955 934 938 938 922 884 886 880 849 732 727
Total Non-Interest Expense		 229 145 13 -0.68 150 -10 140 -2.77 149 12 271
Other Operating Expenses		 228 141 11 -1.10 149 -22 135 -1.32 151 8.15 268
Depreciation Expense		 1.00 0.99 1.01 0.99 1.13 1.59 1.01 0.89 0.81 0.81 0.82
Restructuring Charge		 0.05 2.84 1.16 0.26 0.31 4.63 3.57 0.78 -0.96 3.29 1.95
Income Tax Expense		 -2.46 2.45 2.46 3.23 1.56 -9.77 0.64 1.90 1.09 1.03 0.42
Net Income / (Loss) Attributable to Noncontrolling Interest		 8.66 9.61 12 11 9.79 12 9.13 11 9.12 11 5.97
Basic Earnings per Share		 $0.51 $0.58 $0.70 $0.71 $0.57 $0.72 $0.55 $0.69 $0.52 $0.64 $0.34
Weighted Average Basic Shares Outstanding		 1.06B 1.05B 1.05B 1.04B 1.04B 1.01B 1.01B 1.01B 1.00B 877.51M 962.57M
Diluted Earnings per Share		 $0.51 $0.58 $0.70 $0.71 $0.57 $0.71 $0.55 $0.69 $0.52 $0.64 $0.34
Weighted Average Diluted Shares Outstanding		 1.06B 1.05B 1.05B 1.04B 1.04B 1.02B 1.01B 1.01B 1.00B 879.68M 964.13M
Weighted Average Basic & Diluted Shares Outstanding		 1.06B 1.06B 1.05B 1.05B 1.04B 1.04B 1.03B 1.01B 1.00B 1.00B 963.10M
Cash Dividends to Common per Share		 $0.43 - $0.43 $0.42 $0.42 - $0.42 $0.39 $0.39 - $0.39

Annual Cash Flow Statements for VICI Properties

This table details how cash moves in and out of VICI Properties' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2016 12/31/2015
Net Change in Cash & Equivalents		 2.04 314 -531 424 -786 503 401 0.00 0.00
Net Cash From Operating Activities		 2,381 2,181 1,943 896 884 682 504 2.72 2.89
Net Cash From Continuing Operating Activities		 2,381 2,181 1,943 896 884 682 504 2.72 2.89
Net Income / (Loss) Continuing Operations		 2,721 2,555 1,136 1,023 896 554 532 0.00 0.00
Consolidated Net Income / (Loss)		 2,721 2,555 1,136 1,023 896 554 532 0.00 0.00
Depreciation Expense		 4.13 4.30 3.18 3.09 3.73 3.83 3.69 3.03 2.88
Amortization Expense		 47 46 32 71 20 33 5.98 0.00 0.00
Non-Cash Adjustments to Reconcile Net Income		 -379 -410 725 -115 -329 64 -7.69 -0.11 -0.14
Changes in Operating Assets and Liabilities, net		 -12 -14 46 -87 292 27 -30 -0.19 0.11
Net Cash From Investing Activities		 -923 -2,899 -9,304 41 -4,549 -1,361 -1,141 -0.87 -0.73
Net Cash From Continuing Investing Activities		 -923 -2,899 -9,304 41 -4,549 -1,361 -1,141 -0.87 -0.73
Purchase of Property, Leasehold Improvements and Equipment		 -7.53 -4.04 -1.88 -2.51 -2.77 -2.72 -0.90 -0.87 -0.80
Purchase of Investment Securities		 -1,021 -3,599 -9,389 -40 -4,657 -2,253 -1,714 0.00 0.00
Sale and/or Maturity of Investments		 111 706 95 104 111 903 421 - -
Other Investing Activities, net		 -5.86 -1.47 -7.70 -21 -0.26 -8.70 152 - -
Net Cash From Financing Activities		 -1,457 1,032 6,830 -514 2,879 1,183 1,038 -1.28 -2.03
Net Cash From Continuing Financing Activities		 -1,457 1,032 6,830 -514 2,879 1,183 1,038 -1.28 -2.03
Issuance of Debt		 1,853 419 5,600 0.00 2,555 2,250 0.00 0.00 0.00
Issuance of Common Equity		 379 2,480 3,219 2,386 1,540 1,164 2,001 0.00 0.00
Repayment of Debt		 -1,900 -250 -746 -2,131 -595 -1,720 -691 -0.05 -0.05
Payment of Dividends		 -1,784 -1,612 -1,237 -767 -620 -512 -272 0.00 0.00
Other Financing Activities, Net		 -5.34 -4.97 -6.16 -1.73 -0.21 0.00 0.00 -1.23 -1.98
Effect of Exchange Rate Changes		 0.45 -0.06 0.00 0.00 - - - - -
Cash Interest Paid		 781 763 467 323 262 209 - 0.01 0.02
Cash Income Taxes Paid		 3.34 4.92 3.02 1.79 0.56 2.59 - 0.00 0.00

Quarterly Cash Flow Statements for VICI Properties

This table details how cash moves in and out of VICI Properties' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 -190 169 8.51 -138 -37 12 -228 491 39 -309 -96
Net Cash From Operating Activities		 592 644 579 615 544 576 552 530 522 488 504
Net Cash From Continuing Operating Activities		 592 644 579 615 544 576 552 530 522 488 504
Net Income / (Loss) Continuing Operations		 552 624 744 753 600 760 565 702 528 615 337
Consolidated Net Income / (Loss)		 552 624 744 753 600 760 565 702 528 615 337
Depreciation Expense		 1.00 0.99 1.01 0.99 1.13 1.59 1.01 0.89 0.81 0.81 0.82
Amortization Expense		 12 12 13 11 10 11 11 11 14 4.26 4.29
Non-Cash Adjustments to Reconcile Net Income		 56 -28 -161 -169 -22 -36 -196 -170 -7.86 -132 129
Changes in Operating Assets and Liabilities, net		 -29 34 -18 19 -46 -160 171 -12 -12 -0.01 33
Net Cash From Investing Activities		 -386 -260 -242 -312 -109 -954 -734 258 -1,469 -415 -247
Net Cash From Continuing Investing Activities		 -386 -260 -242 -312 -109 -954 -734 258 -1,469 -415 -247
Purchase of Property, Leasehold Improvements and Equipment		 -0.16 -1.08 -1.37 -2.67 -2.41 -2.14 -0.58 -0.33 -0.99 -0.72 -0.47
Purchase of Investment Securities		 -385 -255 -238 -420 -107 -1,033 -733 -148 -1,685 -507 -248
Sale and/or Maturity of Investments		 0.05 0.01 0.15 110 1.10 82 0.10 406 217 94 1.08
Other Investing Activities, net		 -0.12 -3.77 -2.02 0.37 -0.44 -0.71 -0.22 -0.32 -0.22 -0.90 0.29
Net Cash From Financing Activities		 -397 -215 -329 -441 -472 389 -46 -297 985 -382 -353
Net Cash From Continuing Financing Activities		 -397 -215 -329 -441 -472 389 -46 -297 985 -382 -353
Issuance of Debt		 248 743 82 - 1,029 11 56 - 353 - -
Repayment of Debt		 -171 -760 -86 -0.24 -1,053 -0.11 - - -250 -0.01 -0.16
Payment of Dividends		 -467 -461 -440 -441 -443 -429 -400 -399 -385 -382 -353
Other Financing Activities, Net		 -7.18 - -0.01 -0.34 -5.00 - -0.01 -0.36 -4.60 -0.04 -
Effect of Exchange Rate Changes		 0.19 -0.08 0.32 0.26 -0.05 0.06 -0.31 0.12 0.07 - -
Cash Interest Paid		 278 186 214 163 218 199 187 199 178 177 137
Cash Income Taxes Paid		 0.00 - - 3.34 0.00 0.02 1.15 3.75 0.00 0.72 0.22

Annual Balance Sheets for VICI Properties

This table presents VICI Properties' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016
Total Assets		 45,369 44,060 37,576 17,597 17,064 13,266 11,333 9,740 90
Cash and Due from Banks		 525 523 209 740 316 1,102 578 184 0.92
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 151 151 154 154 158 95 96 148 89
Other Assets		 44,694 43,387 35,753 16,704 16,589 12,069 10,639 9,394 0.72
Total Liabilities & Shareholders' Equity		 45,369 44,060 37,576 17,597 17,064 13,266 11,333 9,740 90
Total Liabilities		 18,417 18,402 15,286 5,410 7,570 5,217 4,432 4,963 6.33
Long-Term Debt		 16,733 16,724 13,740 4,695 6,766 4,865 4,122 4,786 0.00
Other Long-Term Liabilities		 1,684 1,678 1,546 716 804 194 183 160 5.31
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 26,952 25,658 22,290 12,187 9,494 8,049 6,901 4,776 84
Total Preferred & Common Equity		 26,538 25,256 21,934 12,108 9,416 7,965 6,817 4,691 84
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 26,538 25,256 21,934 12,108 9,416 7,965 6,817 4,691 84
Common Stock		 24,526 24,136 21,655 11,761 9,369 7,822 6,652 4,649 0.00
Retained Earnings		 1,867 966 93 346 139 208 187 43 0.05
Accumulated Other Comprehensive Income / (Loss)		 145 154 185 0.88 -93 -65 -22 0.00 0.00
Noncontrolling Interest		 414 402 356 79 78 84 84 85 0.00

Quarterly Balance Sheets for VICI Properties

This table presents VICI Properties' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Total Assets		 45,526 45,369 44,918 44,511 44,158 44,060 42,832 42,251 41,853 37,576 37,308
Cash and Due from Banks		 334 525 356 347 485 523 511 739 248 209 518
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 151 151 151 151 151 151 151 151 154 154 154
Other Assets		 45,041 44,694 44,412 44,013 43,522 43,387 42,171 41,361 41,452 35,753 35,173
Total Liabilities & Shareholders' Equity		 45,526 45,369 44,918 44,511 44,158 44,060 42,832 42,251 41,853 37,576 37,308
Total Liabilities		 18,503 18,417 18,395 18,385 18,339 18,402 18,296 18,166 18,178 15,286 15,246
Long-Term Debt		 16,847 16,733 16,744 16,727 16,712 16,724 16,693 16,624 16,606 13,740 13,731
Other Long-Term Liabilities		 1,656 1,684 1,651 1,658 1,628 1,678 1,604 1,542 1,572 1,546 1,515
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 27,023 26,952 26,523 26,126 25,819 25,658 24,536 24,085 23,675 22,290 22,062
Total Preferred & Common Equity		 26,609 26,538 26,111 25,719 25,415 25,256 24,165 23,717 23,311 21,934 21,710
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 26,609 26,538 26,111 25,719 25,415 25,256 24,165 23,717 23,311 21,934 21,710
Common Stock		 24,523 24,526 24,258 24,139 24,135 24,136 23,326 23,025 22,921 21,655 21,652
Retained Earnings		 1,954 1,867 1,711 1,431 1,123 966 652 518 220 93 -133
Accumulated Other Comprehensive Income / (Loss)		 132 145 142 148 157 154 186 174 170 185 191
Noncontrolling Interest		 413 414 412 407 404 402 371 368 363 356 353

Annual Metrics And Ratios for VICI Properties

This table displays calculated financial ratios and metrics derived from VICI Properties' official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2016 12/31/2015
Growth Metrics		 - - - - - - - - -
Revenue Growth		 7.68% 36.33% 87.92% 24.52% 45.44% 2.69% 0.00% 3.98% 0.00%
EBITDA Growth		 7.09% 132.99% 1.30% 87.40% -0.94% 9.14% 0.00% 5.14% 0.00%
EBIT Growth		 7.21% 135.99% 5.20% 82.02% 1.39% 4.20% 0.00% 0.00% 0.00%
NOPAT Growth		 6.58% 137.16% 5.23% 81.68% 1.60% 4.17% 0.00% 0.00% 0.00%
Net Income Growth		 6.52% 124.83% 11.05% 14.17% 61.69% 4.17% 0.00% 0.00% 0.00%
EPS Growth		 3.64% 94.49% -27.84% 0.57% 41.13% -13.29% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 9.19% 12.23% 116.81% 1.44% 29.54% 35.33% 0.00% -5.78% 0.00%
Free Cash Flow Firm Growth		 137.34% 78.98% -4,609.54% 114.40% -108.14% 0.00% 0.00% 0.00% 0.00%
Invested Capital Growth		 3.07% 17.63% 113.43% 3.83% 25.90% 17.15% 0.00% 0.00% 0.00%
Revenue Q/Q Growth		 1.22% 4.98% 16.52% 1.58% 24.87% 3.35% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 -4.21% 6.72% 35.64% 0.93% 43.81% -4.90% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 -4.33% 6.54% 40.18% -0.61% 50.65% -7.31% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 -4.74% 6.99% 33.71% -0.64% -20.29% -7.34% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 -4.74% 6.01% 41.11% -0.64% 26.85% -7.34% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 -4.83% 2.92% 18.69% -7.85% 29.63% -12.68% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 2.92% 4.23% 11.63% -6.15% 12.64% 11.32% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 73.30% -24.59% 47.44% -97.59% 15.67% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.97% 2.80% 0.66% 2,686.16% 0.34% 5.86% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - - - - -
EBITDA Margin		 91.53% 92.04% 53.85% 99.90% 66.38% 97.46% 91.71% 16.14% 15.96%
EBIT Margin		 89.86% 90.25% 52.14% 93.13% 63.71% 91.40% 90.08% 0.00% 0.00%
Profit (Net Income) Margin		 89.54% 90.51% 54.88% 92.87% 101.30% 91.12% 89.83% 0.00% 0.00%
Tax Burden Percent		 99.64% 100.24% 99.75% 99.72% 99.91% 99.69% 99.73% 0.00% 0.00%
Interest Burden Percent		 100.00% 100.05% 105.54% 100.00% 159.14% 100.00% 100.00% 0.00% 0.00%
Effective Tax Rate		 0.36% -0.24% 0.25% 0.28% 0.09% 0.31% 0.27% 0.00% 0.00%
Return on Invested Capital (ROIC)		 6.32% 6.51% 4.07% 6.17% 3.86% 4.63% 4.83% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.32% 6.52% 4.72% 6.17% 9.59% 4.63% 4.83% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 4.02% 4.14% 2.52% 3.26% 6.36% 2.78% 2.88% 0.00% 0.00%
Return on Equity (ROE)		 10.35% 10.66% 6.59% 9.44% 10.22% 7.42% 7.71% 0.00% 0.00%
Cash Return on Invested Capital (CROIC)		 3.30% -9.69% -68.31% 2.42% -19.07% -11.17% 0.00% -200.00% 0.00%
Operating Return on Assets (OROA)		 6.11% 6.24% 3.91% 5.92% 3.72% 4.52% 5.06% 0.00% 0.00%
Return on Assets (ROA)		 6.09% 6.26% 4.12% 5.90% 5.91% 4.51% 5.05% 0.00% 0.00%
Return on Common Equity (ROCE)		 10.18% 10.49% 6.51% 9.37% 10.12% 7.33% 7.60% 0.00% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 10.25% 10.11% 5.18% 8.45% 9.52% 6.96% 7.81% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 2,721 2,553 1,077 1,023 563 554 532 0.00 0.00
NOPAT Margin		 89.54% 90.47% 52.01% 92.87% 63.66% 91.12% 89.83% 0.00% 0.00%
Net Nonoperating Expense Percent (NNEP)		 0.00% -0.01% -0.65% 0.00% -5.73% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 16.71% 17.35%
Operating Expenses to Revenue		 10.14% 9.75% 47.86% 6.87% 36.29% 8.60% 9.92% 100.00% 100.00%
Earnings before Interest and Taxes (EBIT)		 2,731 2,547 1,079 1,026 564 556 534 0.00 0.00
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 2,782 2,598 1,115 1,101 587 593 543 3.03 2.88
Valuation Ratios		 - - - - - - - - -
Price to Book Value (P/BV)		 1.16 1.23 1.28 1.37 1.22 1.17 0.76 1.49 0.00
Price to Tangible Book Value (P/TBV)		 1.16 1.23 1.28 1.37 1.22 1.17 0.76 1.49 0.00
Price to Revenue (P/Rev)		 10.13 11.05 13.53 15.10 12.96 15.28 8.80 6.66 6.92
Price to Earnings (P/E)		 11.49 12.40 25.07 16.41 12.86 17.02 9.95 0.00 0.00
Dividend Yield		 5.80% 5.34% 5.16% 5.22% 5.87% 5.80% 7.09% 0.00% 0.00%
Earnings Yield		 8.70% 8.06% 3.99% 6.09% 7.78% 5.87% 10.05% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.09 1.13 1.16 1.22 1.11 1.02 0.80 1.47 0.00
Enterprise Value to Revenue (EV/Rev)		 15.60 16.93 20.24 18.76 20.34 21.60 14.89 6.62 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 17.04 18.39 37.59 18.78 30.64 22.17 16.23 41.06 0.00
Enterprise Value to EBIT (EV/EBIT)		 17.36 18.76 38.83 20.14 31.93 23.63 16.53 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 17.42 18.71 38.92 20.20 31.95 23.71 16.57 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 19.91 21.91 21.56 23.06 20.37 19.26 17.49 45.72 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 33.43 0.00 0.00 51.58 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - -
Debt to Equity		 0.62 0.65 0.62 0.39 0.71 0.60 0.60 0.00 0.00
Long-Term Debt to Equity		 0.62 0.65 0.62 0.39 0.71 0.60 0.60 0.00 0.00
Financial Leverage		 0.64 0.64 0.53 0.53 0.66 0.60 0.60 0.00 0.00
Leverage Ratio		 1.70 1.70 1.60 1.60 1.73 1.65 1.80 1.08 0.00
Compound Leverage Factor		 1.70 1.70 1.69 1.60 2.75 1.65 1.80 0.00 0.00
Debt to Total Capital		 38.30% 39.46% 38.13% 27.81% 41.61% 37.67% 37.40% 0.38% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.38% 0.00%
Long-Term Debt to Total Capital		 38.30% 39.46% 38.13% 27.81% 41.61% 37.67% 37.40% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.95% 0.95% 0.99% 0.47% 0.48% 0.65% 0.76% 0.00% 0.00%
Common Equity to Total Capital		 60.75% 59.59% 60.88% 71.72% 57.91% 61.68% 61.85% 99.62% 0.00%
Debt to EBITDA		 6.02 6.44 12.32 4.27 11.52 8.21 7.59 0.11 0.00
Net Debt to EBITDA		 5.83 6.24 12.14 3.59 10.98 6.35 6.49 -0.20 0.00
Long-Term Debt to EBITDA		 6.02 6.44 12.32 4.27 11.52 8.21 7.59 0.00 0.00
Debt to NOPAT		 6.15 6.55 12.76 4.59 12.01 8.78 7.75 0.00 0.00
Net Debt to NOPAT		 5.96 6.35 12.57 3.87 11.45 6.79 6.62 0.00 0.00
Long-Term Debt to NOPAT		 6.15 6.55 12.76 4.59 12.01 8.78 7.75 0.00 0.00
Noncontrolling Interest Sharing Ratio		 1.55% 1.58% 1.26% 0.72% 0.92% 1.12% 1.44% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 1,418 -3,799 -18,071 401 -2,782 -1,337 0.00 -84 0.00
Operating Cash Flow to CapEx		 31,643.61% 54,052.27% 103,592.54% 35,782.44% 31,923.41% 25,042.55% 70,698.74% 313.12% 394.54%
Free Cash Flow to Firm to Interest Expense		 1.72 -4.64 -33.47 1.02 -9.01 -5.38 0.00 -12,066.00 0.00
Operating Cash Flow to Interest Expense		 2.88 2.67 3.60 2.28 2.86 2.75 2.37 388.71 160.44
Operating Cash Flow Less CapEx to Interest Expense		 2.87 2.66 3.60 2.28 2.85 2.74 2.37 264.57 119.78
Efficiency Ratios		 - - - - - - - - -
Asset Turnover		 0.07 0.07 0.08 0.06 0.06 0.05 0.06 0.21 0.00
Fixed Asset Turnover		 20.16 18.55 13.48 7.07 7.00 6.39 4.86 0.21 0.00
Capital & Investment Metrics		 - - - - - - - - -
Invested Capital		 43,685 42,382 36,030 16,882 16,259 12,914 11,023 84 0.00
Invested Capital Turnover		 0.07 0.07 0.08 0.07 0.06 0.05 0.05 0.44 0.00
Increase / (Decrease) in Invested Capital		 1,303 6,352 19,148 622 3,345 1,891 0.00 84 0.00
Enterprise Value (EV)		 47,415 47,780 41,908 20,669 17,996 13,141 8,818 124 0.00
Market Capitalization		 30,792 31,177 28,021 16,635 11,468 9,293 5,211 125 125
Book Value per Share		 $25.17 $24.41 $22.77 $19.25 $17.54 $17.28 $18.41 $13.46 $0.00
Tangible Book Value per Share		 $25.17 $24.41 $22.77 $19.25 $17.54 $17.28 $18.41 $13.46 $0.00
Total Capital		 43,685 42,382 36,030 16,882 16,259 12,914 11,023 84 0.00
Total Debt		 16,733 16,724 13,740 4,695 6,766 4,865 4,122 0.32 0.00
Total Long-Term Debt		 16,733 16,724 13,740 4,695 6,766 4,865 4,122 0.00 0.00
Net Debt		 16,208 16,202 13,531 3,955 6,450 3,763 3,524 -0.60 0.00
Capital Expenditures (CapEx)		 7.53 4.04 1.88 2.51 2.77 2.72 0.71 0.87 0.73
Net Nonoperating Expense (NNE)		 0.00 -1.28 -60 0.00 -333 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 16,733 16,724 13,740 4,695 6,766 4,865 4,122 0.32 0.00
Total Depreciation and Amortization (D&A)		 51 50 36 75 24 37 9.66 3.03 2.88
Earnings Adjustments		 - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.56 $2.48 $1.27 $1.80 $1.76 $1.25 $1.43 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 1.05B 1.01B 877.51M 564.47M 506.14M 435.07M 367.23M 0.00 0.00
Adjusted Diluted Earnings per Share		 $2.56 $2.47 $1.27 $1.76 $1.75 $1.24 $1.43 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 1.05B 1.02B 879.68M 577.07M 510.91M 439.15M 367.32M 0.00 0.00
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $1.25 $1.43 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 1.06B 1.04B 1.00B 748.39M 536.66M 468.49M 404.73M 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 2,725 1,789 1,099 1,034 572 559 545 0.00 0.00
Normalized NOPAT Margin		 89.67% 63.37% 53.10% 93.81% 64.64% 91.94% 91.98% 0.00% 0.00%
Pre Tax Income Margin		 89.86% 90.30% 55.02% 93.13% 101.39% 91.40% 90.08% 0.00% 0.00%
Debt Service Ratios		 - - - - - - - - -
EBIT to Interest Expense		 3.31 3.11 2.00 2.61 1.83 2.24 2.51 0.00 0.00
NOPAT to Interest Expense		 3.29 3.12 1.99 2.61 1.82 2.23 2.50 0.00 0.00
EBIT Less CapEx to Interest Expense		 3.30 3.11 2.00 2.61 1.82 2.23 2.51 -124.14 -40.67
NOPAT Less CapEx to Interest Expense		 3.29 3.12 1.99 2.60 1.82 2.22 2.50 -124.14 -40.67
Payout Ratios		 - - - - - - - - -
Dividend Payout Ratio		 65.57% 63.12% 108.85% 74.97% 69.22% 92.38% 51.21% 0.00% 0.00%
Augmented Payout Ratio		 65.57% 63.12% 108.85% 74.97% 69.22% 92.38% 51.21% 0.00% 0.00%

Quarterly Metrics And Ratios for VICI Properties

This table displays calculated financial ratios and metrics derived from VICI Properties' official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 3.54% 4.34% 7.73% 7.82% 11.15% 22.08% 20.57% 32.08% 94.03% 93.82% 200.10%
EBITDA Growth		 -8.12% -16.04% 31.51% 7.47% 13.06% 27.30% 80.90% 1,222.95% 108.64% 95.73% 60.29%
EBIT Growth		 -8.57% -16.46% 31.94% 7.49% 13.97% 26.32% 79.96% 1,073.23% 117.07% 108.73% 91.15%
NOPAT Growth		 -7.93% -17.84% 31.66% 7.29% 13.90% 28.12% 79.98% 1,487.25% 116.98% 108.94% 91.36%
Net Income Growth		 -7.93% -17.84% 31.66% 7.29% 13.63% 23.56% 67.85% 1,306.69% 117.51% 116.65% 105.18%
EPS Growth		 -10.53% -18.31% 27.27% 2.90% 9.62% 10.94% 61.76% 1,250.00% 48.57% 45.45% 21.43%
Operating Cash Flow Growth		 8.85% 11.73% 4.88% 15.88% 4.16% 18.15% 9.47% -18.77% 75.08% 70.94% 151.60%
Free Cash Flow Firm Growth		 52.29% 87.87% 73.43% 66.62% 91.31% 69.86% 86.03% 78.40% -363.26% -5,379.60% -321.23%
Invested Capital Growth		 3.15% 3.07% 4.94% 5.27% 5.58% 17.63% 15.19% 13.60% 93.84% 113.43% 5,807.25%
Revenue Q/Q Growth		 0.82% 1.58% 0.66% 0.45% 2.20% 4.88% 0.75% 3.55% 11.57% 3.59% 10.36%
EBITDA Q/Q Growth		 -12.05% -15.81% -0.98% 25.31% -19.63% 31.87% -19.07% 31.82% -9.50% 87.38% 602.35%
EBIT Q/Q Growth		 -12.28% -16.08% -1.18% 25.69% -19.85% 32.54% -19.49% 33.25% -11.16% 88.81% 535.41%
NOPAT Q/Q Growth		 -11.53% -16.16% -1.10% 25.50% -21.05% 34.35% -19.40% 33.23% -11.19% 88.73% 721.25%
Net Income Q/Q Growth		 -11.53% -16.16% -1.10% 25.50% -21.05% 34.35% -19.40% 32.91% -14.15% 82.51% 679.42%
EPS Q/Q Growth		 -12.07% -17.14% -1.41% 24.56% -19.72% 29.09% -20.29% 32.69% -18.75% 88.24% 666.67%
Operating Cash Flow Q/Q Growth		 -8.11% 11.23% -5.79% 13.03% -5.68% 4.42% 4.10% 1.60% 6.99% -3.26% -22.76%
Free Cash Flow Firm Q/Q Growth		 -15.99% 47.55% 7.07% 15.61% 70.50% -14.83% -16.77% 78.02% -2.25% 46.79% -80.64%
Invested Capital Q/Q Growth		 0.42% 0.97% 0.96% 0.76% 0.35% 2.80% 1.28% 1.06% 11.80% 0.66% -0.12%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 72.34% 82.92% 100.05% 101.70% 81.53% 103.05% 81.96% 102.03% 80.16% 98.82% 54.63%
EBIT Margin		 70.62% 81.18% 98.26% 100.09% 80.00% 101.39% 80.23% 100.39% 78.02% 97.98% 53.75%
Profit (Net Income) Margin		 70.94% 80.84% 97.94% 99.68% 79.79% 102.66% 80.14% 100.17% 78.05% 101.42% 57.57%
Tax Burden Percent		 100.45% 99.61% 99.67% 99.57% 99.74% 101.30% 99.89% 99.73% 99.79% 99.83% 99.88%
Interest Burden Percent		 100.00% 99.98% 100.00% 100.02% 100.00% 99.95% 100.00% 100.05% 100.24% 103.69% 107.22%
Effective Tax Rate		 -0.45% 0.39% 0.33% 0.43% 0.26% -1.30% 0.11% 0.27% 0.21% 0.17% 0.12%
Return on Invested Capital (ROIC)		 5.03% 5.71% 6.96% 7.03% 5.58% 7.39% 5.59% 6.72% 6.12% 7.65% 5.24%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.03% 5.71% 6.96% 7.03% 5.58% 7.39% 5.59% 6.72% 6.13% 7.89% 7.06%
Return on Net Nonoperating Assets (RNNOA)		 3.20% 3.63% 4.56% 4.67% 3.75% 4.70% 3.65% 4.42% 3.43% 4.22% 0.52%
Return on Equity (ROE)		 8.23% 9.34% 11.52% 11.71% 9.33% 12.09% 9.25% 11.14% 9.54% 11.87% 5.76%
Cash Return on Invested Capital (CROIC)		 3.09% 3.30% 1.94% 1.28% 0.91% -9.69% -7.92% -7.15% -59.41% -68.31% -188.92%
Operating Return on Assets (OROA)		 4.83% 5.52% 6.72% 6.80% 5.38% 7.01% 5.38% 6.48% 5.88% 7.35% 4.95%
Return on Assets (ROA)		 4.85% 5.49% 6.70% 6.77% 5.37% 7.10% 5.38% 6.47% 5.89% 7.61% 5.30%
Return on Common Equity (ROCE)		 8.10% 9.20% 11.34% 11.52% 9.18% 11.89% 9.10% 10.96% 9.43% 11.72% 5.69%
Return on Equity Simple (ROE_SIMPLE)		 10.05% 0.00% 10.94% 10.41% 10.33% 0.00% 9.97% 9.20% 6.10% 0.00% 3.71%
Net Operating Profit after Tax (NOPAT)		 552 624 744 753 600 760 565 702 527 593 314
NOPAT Margin		 70.94% 80.84% 97.94% 99.68% 79.79% 102.66% 80.14% 100.17% 77.86% 97.81% 53.69%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.01% -0.24% -1.82%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 29.38% 18.82% 1.74% -0.09% 20.00% -1.39% 19.77% -0.39% 21.98% 2.02% 46.25%
Earnings before Interest and Taxes (EBIT)		 550 627 747 756 601 750 566 703 528 594 315
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 563 640 761 768 613 763 578 715 542 599 320
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.30 1.16 1.34 1.16 1.19 1.23 1.15 1.26 1.31 1.28 1.21
Price to Tangible Book Value (P/TBV)		 1.30 1.16 1.34 1.16 1.19 1.23 1.15 1.26 1.31 1.28 1.21
Price to Revenue (P/Rev)		 11.24 10.13 11.62 10.13 10.50 11.05 10.38 11.62 12.75 13.53 14.75
Price to Earnings (P/E)		 13.09 11.49 12.40 11.34 11.75 12.40 11.77 13.92 21.91 25.07 32.97
Dividend Yield		 5.25% 5.80% 5.04% 5.80% 5.57% 5.34% 5.76% 5.25% 5.02% 5.16% 5.40%
Earnings Yield		 7.64% 8.70% 8.06% 8.82% 8.51% 8.06% 8.49% 7.18% 4.56% 3.99% 3.03%
Enterprise Value to Invested Capital (EV/IC)		 1.17 1.09 1.19 1.09 1.11 1.13 1.08 1.13 1.17 1.16 1.11
Enterprise Value to Revenue (EV/Rev)		 16.76 15.60 17.21 15.83 16.24 16.93 16.54 17.95 19.73 20.24 22.39
Enterprise Value to EBITDA (EV/EBITDA)		 18.81 17.04 17.80 17.14 17.61 18.39 18.26 21.19 33.86 37.59 48.39
Enterprise Value to EBIT (EV/EBIT)		 19.18 17.36 18.11 17.45 17.93 18.76 18.59 21.55 34.68 38.83 51.66
Enterprise Value to NOPAT (EV/NOPAT)		 19.22 17.42 18.09 17.43 17.89 18.71 18.63 21.59 34.77 38.92 49.40
Enterprise Value to Operating Cash Flow (EV/OCF)		 21.15 19.91 22.34 20.40 21.34 21.91 21.25 22.55 21.83 21.56 22.85
Enterprise Value to Free Cash Flow (EV/FCFF)		 38.51 33.43 63.14 87.58 124.64 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.62 0.62 0.63 0.64 0.65 0.65 0.68 0.69 0.70 0.62 0.62
Long-Term Debt to Equity		 0.62 0.62 0.63 0.64 0.65 0.65 0.68 0.69 0.70 0.62 0.62
Financial Leverage		 0.64 0.64 0.65 0.66 0.67 0.64 0.65 0.66 0.56 0.53 0.07
Leverage Ratio		 1.70 1.70 1.72 1.73 1.74 1.70 1.72 1.72 1.62 1.60 1.14
Compound Leverage Factor		 1.70 1.70 1.72 1.73 1.74 1.70 1.72 1.72 1.63 1.66 1.22
Debt to Total Capital		 38.40% 38.30% 38.70% 39.03% 39.29% 39.46% 40.49% 40.84% 41.23% 38.13% 38.36%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 38.40% 38.30% 38.70% 39.03% 39.29% 39.46% 40.49% 40.84% 41.23% 38.13% 38.36%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.94% 0.95% 0.95% 0.95% 0.95% 0.95% 0.90% 0.90% 0.90% 0.99% 0.99%
Common Equity to Total Capital		 60.66% 60.75% 60.35% 60.02% 59.76% 59.59% 58.61% 58.26% 57.87% 60.88% 60.65%
Debt to EBITDA		 6.17 6.02 5.77 6.15 6.26 6.44 6.86 7.64 11.89 12.32 16.70
Net Debt to EBITDA		 6.04 5.83 5.64 6.02 6.08 6.24 6.65 7.30 11.71 12.14 16.07
Long-Term Debt to EBITDA		 6.17 6.02 5.77 6.15 6.26 6.44 6.86 7.64 11.89 12.32 16.70
Debt to NOPAT		 6.30 6.15 5.86 6.25 6.36 6.55 6.99 7.79 12.21 12.76 17.05
Net Debt to NOPAT		 6.18 5.96 5.74 6.12 6.18 6.35 6.78 7.44 12.02 12.57 16.41
Long-Term Debt to NOPAT		 6.30 6.15 5.86 6.25 6.36 6.55 6.99 7.79 12.21 12.76 17.05
Noncontrolling Interest Sharing Ratio		 1.55% 1.55% 1.53% 1.54% 1.55% 1.58% 1.55% 1.56% 1.13% 1.26% 1.27%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -787 -679 -1,294 -1,392 -1,650 -5,592 -4,870 -4,171 -18,973 -18,555 -34,873
Operating Cash Flow to CapEx		 379,396.79% 59,418.54% 42,390.34% 23,053.64% 22,561.78% 26,926.30% 95,685.62% 161,209.12% 52,837.35% 67,955.29% 106,852.33%
Free Cash Flow to Firm to Interest Expense		 -3.76 -3.26 -6.24 -6.77 -8.05 -27.26 -23.77 -20.49 -92.84 -109.58 -205.92
Operating Cash Flow to Interest Expense		 2.83 3.09 2.79 2.99 2.65 2.81 2.69 2.61 2.55 2.88 2.98
Operating Cash Flow Less CapEx to Interest Expense		 2.83 3.09 2.79 2.97 2.64 2.80 2.69 2.60 2.55 2.88 2.98
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.06 0.08 0.08 0.09
Fixed Asset Turnover		 20.34 20.16 19.92 19.56 19.02 18.55 17.67 16.88 15.62 13.48 11.57
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 43,870 43,685 43,267 42,854 42,530 42,382 41,228 40,709 40,281 36,030 35,793
Invested Capital Turnover		 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.08 0.08 0.10
Increase / (Decrease) in Invested Capital		 1,339 1,303 2,038 2,145 2,250 6,352 5,436 4,872 19,500 19,148 35,187
Enterprise Value (EV)		 51,384 47,415 51,681 46,664 46,995 47,780 44,457 46,101 47,304 41,908 39,774
Market Capitalization		 34,458 30,792 34,881 29,877 30,365 31,177 27,904 29,848 30,582 28,021 26,209
Book Value per Share		 $25.19 $25.17 $24.94 $24.65 $24.38 $24.41 $23.84 $23.62 $23.23 $22.77 $22.54
Tangible Book Value per Share		 $25.19 $25.17 $24.94 $24.65 $24.38 $24.41 $23.84 $23.62 $23.23 $22.77 $22.54
Total Capital		 43,870 43,685 43,267 42,854 42,530 42,382 41,228 40,709 40,281 36,030 35,793
Total Debt		 16,847 16,733 16,744 16,727 16,712 16,724 16,693 16,624 16,606 13,740 13,731
Total Long-Term Debt		 16,847 16,733 16,744 16,727 16,712 16,724 16,693 16,624 16,606 13,740 13,731
Net Debt		 16,513 16,208 16,388 16,380 16,226 16,202 16,182 15,885 16,359 13,531 13,212
Capital Expenditures (CapEx)		 0.16 1.08 1.37 2.67 2.41 2.14 0.58 0.33 0.99 0.72 0.47
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1.28 -22 -23
Net Nonoperating Obligations (NNO)		 16,847 16,733 16,744 16,727 16,712 16,724 16,693 16,624 16,606 13,740 13,731
Total Depreciation and Amortization (D&A)		 13 13 14 12 12 12 12 11 14 5.08 5.11
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.51 $0.58 $0.70 $0.71 $0.57 $0.72 $0.55 $0.69 $0.52 $0.64 $0.34
Adjusted Weighted Average Basic Shares Outstanding		 1.06B 1.05B 1.05B 1.04B 1.04B 1.01B 1.01B 1.01B 1.00B 877.51M 962.57M
Adjusted Diluted Earnings per Share		 $0.51 $0.58 $0.70 $0.71 $0.57 $0.71 $0.55 $0.69 $0.52 $0.64 $0.34
Adjusted Weighted Average Diluted Shares Outstanding		 1.06B 1.05B 1.05B 1.04B 1.04B 1.02B 1.01B 1.01B 1.00B 879.68M 964.13M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 1.06B 1.06B 1.05B 1.05B 1.04B 1.04B 1.03B 1.01B 1.00B 1.00B 963.10M
Normalized Net Operating Profit after Tax (NOPAT)		 385 627 746 752 600 528 569 699 524 596 316
Normalized NOPAT Margin		 49.44% 81.20% 98.10% 99.61% 79.83% 71.38% 80.64% 99.84% 77.43% 98.36% 54.02%
Pre Tax Income Margin		 70.62% 81.16% 98.26% 100.11% 80.00% 101.34% 80.23% 100.44% 78.21% 101.59% 57.64%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 2.63 3.01 3.60 3.67 2.94 3.66 2.76 3.45 2.58 3.51 1.86
NOPAT to Interest Expense		 2.64 3.00 3.59 3.66 2.93 3.70 2.76 3.45 2.58 3.50 1.86
EBIT Less CapEx to Interest Expense		 2.63 3.01 3.60 3.66 2.92 3.65 2.76 3.45 2.58 3.50 1.85
NOPAT Less CapEx to Interest Expense		 2.64 2.99 3.58 3.65 2.92 3.69 2.76 3.44 2.57 3.50 1.85
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 67.65% 65.57% 61.35% 63.94% 63.58% 63.12% 64.97% 69.64% 97.91% 108.85% 134.49%
Augmented Payout Ratio		 67.65% 65.57% 61.35% 63.94% 63.58% 63.12% 64.97% 69.64% 97.91% 108.85% 134.49%

Frequently Asked Questions About VICI Properties' Financials

When does VICI Properties's financial year end?

According to the most recent income statement we have on file, VICI Properties' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has VICI Properties' net income changed over the last 8 years?

VICI Properties' net income appears to be on an upward trend, with a most recent value of $2.72 billion in 2024, rising from $0.00 in 2015. The previous period was $2.55 billion in 2023. See where experts think VICI Properties is headed by visiting VICI Properties' forecast page.

How has VICI Properties revenue changed over the last 8 years?

Over the last 8 years, VICI Properties' total revenue changed from $18.06 million in 2015 to $3.04 billion in 2024, a change of 16,729.3%.

How much debt does VICI Properties have?

VICI Properties' total liabilities were at $18.42 billion at the end of 2024, a 0.1% increase from 2023, and a 290,758.2% increase since 2016.

How much cash does VICI Properties have?

In the past 8 years, VICI Properties' cash and equivalents has ranged from $920 thousand in 2016 to $1.10 billion in 2019, and is currently $524.62 million as of their latest financial filing in 2024.

How has VICI Properties' book value per share changed over the last 8 years?

Over the last 8 years, VICI Properties' book value per share changed from 0.00 in 2015 to 25.17 in 2024, a change of 2,517.4%.


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This page (NYSE:VICI) was last updated on 5/21/2025 by MarketBeat.com Staff
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