InsiderClue
Stocks · Real estate · Real Estate Investment Trusts

Vici Properties

VICI Clue Score69
United States Fiscal year ends December CIK 0001705696
$22.88 +0.39% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $22.88 −21.88% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 17 Oct 2017. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue0.19Operating income0.14Net income0.04Fiscal year 2018Revenue0.90 +378.6%Operating income0.14Net income0.52 +1,075.7%EPS, diluted1.43Fiscal year 2019Revenue0.89 −0.4%Operating income0.05Net income0.55 +4.3%EPS, diluted1.24Fiscal year 2020Revenue1.23 +37.0%Operating income0.32Net income0.89 +63.3%EPS, diluted1.75Fiscal year 2021Revenue1.51 +23.2%Net income1.01 +13.7%EPS, diluted1.76Fiscal year 2022Revenue2.60 +72.3%Net income1.12 +10.2%EPS, diluted1.27Fiscal year 2023Revenue3.61 +38.9%Net income2.51 +124.9%EPS, diluted2.47Fiscal year 2024Revenue3.85 +6.6%Net income2.68 +6.6%EPS, diluted2.56Fiscal year 2025Revenue4.01 +4.1%Net income2.78 +3.6%EPS, diluted2.61
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 0.19 0.90 0.89 1.23 1.51 2.60 3.61 3.85 4.01
Growth +378.6% −0.4% +37.0% +23.2% +72.3% +38.9% +6.6% +4.1%
Operating income 0.14 0.14 0.05 0.32 n/a n/a n/a n/a n/a
Net income 0.04 0.52 0.55 0.89 1.01 1.12 2.51 2.68 2.78
Growth +1,075.7% +4.3% +63.3% +13.7% +10.2% +124.9% +6.6% +3.6%
EPS, diluted n/a 1.43 1.24 1.75 1.76 1.27 2.47 2.56 2.61

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2017Operating margin76.9%Net margin23.7%Fiscal year 2018Operating margin15.6%Net margin58.3%Free cash flow margin56.0%Fiscal year 2019Operating margin5.8%Net margin61.0%Free cash flow margin75.9%Fiscal year 2020Operating margin26.2%Net margin72.8%Fiscal year 2021Net margin67.2%Fiscal year 2022Net margin43.0%Fiscal year 2023Net margin69.6%Fiscal year 2024Net margin69.6%Fiscal year 2025Net margin69.3%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 76.9% 15.6% 5.8% 26.2% n/a n/a n/a n/a n/a
Net margin 23.7% 58.3% 61.0% 72.8% 67.2% 43.0% 69.6% 69.6% 69.3%
Free cash flow margin n/a 56.0% 75.9% n/a n/a n/a n/a n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Fiscal year 2018Operating cash flow0.50Capital expenditure−0.00Free cash flow0.50Dividends paid−0.26Fiscal year 2019Operating cash flow0.68Capital expenditure−0.00Free cash flow0.68 +35.0%Dividends paid−0.50Fiscal year 2020Operating cash flow0.88Dividends paid−0.61Fiscal year 2021Operating cash flow0.90Dividends paid−0.76Fiscal year 2022Operating cash flow1.94Dividends paid−1.22Fiscal year 2023Operating cash flow2.18Dividends paid−1.58Fiscal year 2024Operating cash flow2.38Dividends paid−1.75Fiscal year 2025Operating cash flow2.51Dividends paid−1.85
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow n/a 0.50 0.68 0.88 0.90 1.94 2.18 2.38 2.51
Capital expenditure n/a −0.00 −0.00 n/a n/a n/a n/a n/a n/a
Free cash flow n/a 0.50 0.68 n/a n/a n/a n/a n/a n/a
Growth +35.0%
Dividends paid n/a −0.26 −0.50 −0.61 −0.76 −1.22 −1.58 −1.75 −1.85

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash0.18Total debt4.12Net cash (debt)−3.94Shareholders’ equity4.69Debt to equity0.88Fiscal year 2018Cash0.58Total debt4.12Net cash (debt)−3.54Shareholders’ equity6.82Debt to equity0.60Fiscal year 2019Cash1.10Total debt4.79Net cash (debt)−3.69Shareholders’ equity7.97Debt to equity0.60Fiscal year 2020Cash0.32Total debt6.77Net cash (debt)−6.45Shareholders’ equity9.42Debt to equity0.72Fiscal year 2021Cash0.74Total debt4.69Net cash (debt)−3.95Shareholders’ equity12.11Debt to equity0.39Fiscal year 2022Cash0.21Total debt13.74Net cash (debt)−13.53Shareholders’ equity21.93Debt to equity0.63Fiscal year 2023Cash0.52Total debt16.72Net cash (debt)−16.20Shareholders’ equity25.26Debt to equity0.66Fiscal year 2024Cash0.52Total debt16.73Net cash (debt)−16.21Shareholders’ equity26.54Debt to equity0.63Fiscal year 2025Cash0.56Total debt16.77Net cash (debt)−16.21Shareholders’ equity27.80Debt to equity0.60
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.18 0.58 1.10 0.32 0.74 0.21 0.52 0.52 0.56
Total debt 4.12 4.12 4.79 6.77 4.69 13.74 16.72 16.73 16.77
Net cash (debt) −3.94 −3.54 −3.69 −6.45 −3.95 −13.53 −16.20 −16.21 −16.21
Shareholders’ equity 4.69 6.82 7.97 9.42 12.11 21.93 25.26 26.54 27.80
Debt to equity 0.88 0.60 0.60 0.72 0.39 0.63 0.66 0.63 0.60

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022† 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
0.19 0.90 0.89 1.23 1.51 2.60 3.61 3.85 4.01
Growth +378.6% −0.4% +37.0% +23.2% +72.3% +38.9% +6.6% +4.1%
n/a 0.02 0.02 0.02 0.02 0.02 0.03 0.03 0.03
n/a 0.02 0.02 0.03 0.03 0.05 0.06 0.07 0.07
0.14 0.14 0.05 0.32 n/a n/a n/a n/a n/a
Growth −2.9% −62.6% +513.8%
0.04 0.53 0.56 0.90 1.03 1.14 2.55 2.73 2.82
−0.00 0.00 0.00 0.00 0.00 0.00 −0.01 0.01 0.00
0.04 0.52 0.55 0.89 1.01 1.12 2.51 2.68 2.78
Growth +1,075.7% +4.3% +63.3% +13.7% +10.2% +124.9% +6.6% +3.6%
Per share
n/a 1.43 1.25 1.76 1.80 1.27 2.48 2.56 2.61
n/a 1.43 1.24 1.75 1.76 1.27 2.47 2.56 2.61
Growth −13.3% +41.1% +0.6% −27.8% +94.5% +3.6% +2.0%
n/a 367.2 435.1 506.1 564.5 877.5 1,015 1,047 1,062
n/a 367.3 439.2 510.9 577.1 879.7 1,016 1,048 1,063
Growth +19.6% +16.3% +12.9% +52.4% +15.5% +3.1% +1.4%

† The diluted share count jumps at 2022, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 26.7% a year over five years.
  • Profitable in every one of the 9 years on file.