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VICI Properties (VICI) Financials

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$31.57 +0.52 (+1.67%)
As of 03:58 PM Eastern
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 2015 2016 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
0.00 0.00 524 546 892 1,014 1,118 2,514 2,679
Consolidated Net Income / (Loss)
0.00 0.00 532 554 896 1,023 1,136 2,555 2,721
Net Income / (Loss) Continuing Operations
0.00 0.00 532 554 896 1,023 1,136 2,555 2,721
Total Pre-Tax Income
0.00 0.00 534 556 897 1,026 1,139 2,548 2,731
Total Revenue
18 19 592 608 885 1,102 2,070 2,822 3,039
Net Interest Income / (Expense)
-0.02 -0.01 -201 -228 -302 -392 -530 -794 -810
Total Interest Income
0.00 0.00 11 20 6.80 0.12 9.53 24 16
Investment Securities Interest Income
- - 0.00 20 6.80 0.12 9.53 24 16
Total Interest Expense
0.02 0.01 213 248 309 392 540 818 826
Long-Term Debt Interest Expense
0.02 - 213 248 309 392 540 818 826
Total Non-Interest Income
18 19 794 837 1,187 1,494 2,601 3,616 3,849
Other Service Charges
0.00 2.08 27 29 40 58 95 112 118
Other Non-Interest Income
4.01 17 790 866 1,186 1,451 2,505 3,500 3,731
Total Non-Interest Expense
18 19 59 52 321 76 991 275 308
Other Operating Expenses
12 13 42 43 309 62 965 263 300
Depreciation Expense
2.88 3.03 3.69 3.83 3.73 3.09 3.18 4.30 4.13
Restructuring Charge
0.00 - 0.39 5.00 8.68 10 23 8.02 4.57
Other Special Charges
- - - - - 0.00 0.00 - -0.58
Nonoperating Income / (Expense), net
- - - 0.00 333 0.00 60 1.28 0.00
Income Tax Expense
0.00 0.00 1.44 1.71 0.83 2.89 2.88 -6.14 9.70
Net Income / (Loss) Attributable to Noncontrolling Interest
0.00 - 8.50 8.32 4.53 9.31 19 41 42
Basic Earnings per Share
$0.00 $0.00 $1.43 $1.25 $1.76 $1.80 $1.27 $2.48 $2.56
Weighted Average Basic Shares Outstanding
0.00 0.00 367.23M 435.07M 506.14M 564.47M 877.51M 1.01B 1.05B
Diluted Earnings per Share
$0.00 $0.00 $1.43 $1.24 $1.75 $1.76 $1.27 $2.47 $2.56
Weighted Average Diluted Shares Outstanding
0.00 0.00 367.32M 439.15M 510.91M 577.07M 879.68M 1.02B 1.05B
Weighted Average Basic & Diluted Shares Outstanding
- 0.00 366.20M 468.49M 536.66M 748.39M 1.00B 1.04B 1.06B
Cash Dividends to Common per Share
- - $1.00 $1.17 $1.26 $1.38 $1.50 $1.61 $1.70

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

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

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 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
-96 -309 39 491 -228 12 -37 -138 8.51 169
Net Cash From Operating Activities
504 488 522 530 552 576 544 615 579 644
Net Cash From Continuing Operating Activities
504 488 522 530 552 576 544 615 579 644
Net Income / (Loss) Continuing Operations
337 615 528 702 565 760 600 753 744 624
Consolidated Net Income / (Loss)
337 615 528 702 565 760 600 753 744 624
Depreciation Expense
0.82 0.81 0.81 0.89 1.01 1.59 1.13 0.99 1.01 0.99
Amortization Expense
4.29 4.26 14 11 11 11 10 11 13 12
Non-Cash Adjustments to Reconcile Net Income
129 -132 -7.86 -170 -196 -36 -22 -169 -161 -28
Changes in Operating Assets and Liabilities, net
33 -0.01 -12 -12 171 -160 -46 19 -18 34
Net Cash From Investing Activities
-247 -415 -1,469 258 -734 -954 -109 -312 -242 -260
Net Cash From Continuing Investing Activities
-247 -415 -1,469 258 -734 -954 -109 -312 -242 -260
Purchase of Property, Leasehold Improvements and Equipment
-0.47 -0.72 -0.99 -0.33 -0.58 -2.14 -2.41 -2.67 -1.37 -1.08
Purchase of Investment Securities
-248 -507 -1,685 -148 -733 -1,033 -107 -420 -238 -255
Sale and/or Maturity of Investments
1.08 94 217 406 0.10 82 1.10 110 0.15 0.01
Other Investing Activities, net
0.29 -0.90 -0.22 -0.32 -0.22 -0.71 -0.44 0.37 -2.02 -3.77
Net Cash From Financing Activities
-353 -382 985 -297 -46 389 -472 -441 -329 -215
Net Cash From Continuing Financing Activities
-353 -382 985 -297 -46 389 -472 -441 -329 -215
Issuance of Debt
- - 353 - 56 11 1,029 - 82 743
Issuance of Common Equity
- - 1,272 101 299 808 0.00 - 115 264
Repayment of Debt
-0.16 -0.01 -250 - - -0.11 -1,053 -0.24 -86 -760
Payment of Dividends
-353 -382 -385 -399 -400 -429 -443 -441 -440 -461
Effect of Exchange Rate Changes
- - 0.07 0.12 -0.31 0.06 -0.05 0.26 0.32 -0.08
Cash Interest Paid
137 177 178 199 187 199 218 163 214 186

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

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

Annual Metrics and Ratios for VICI Properties

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

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

Quarterly Metrics and Ratios for VICI Properties

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

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

Frequently Asked Questions About VICI Properties' Financials

When does VICI Properties's fiscal year end?

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

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 4/14/2025 by MarketBeat.com Staff
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