VICI - VICI Properties Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$32.17
DETAILS
HIGH:
$34.00
LOW:
$30.00
MEDIAN:
$32.00
CONSENSUS:
$32.17
UPSIDE:
12.88%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||
| Revenue | 4,006.1 | 3,849.2 | 3,612.0 | 2,600.7 | 1,509.6 | 1,225.6 | 894.8 | 898.0 | 201.4 | 18.8 | 18.1 | 18.9 |
| Cost of Revenue | 34.0 | 26.9 | 27.1 | 22.6 | 20.8 | 33.4 | 18.9 | 99.2 | 33.8 | 13.7 | 13.4 | 14.1 |
| Gross Profit | 3,972.1 | 3,822.3 | 3,584.9 | 2,578.1 | 1,488.8 | 1,192.1 | 875.9 | 798.8 | 167.7 | 5.0 | 4.7 | 4.8 |
| Operating Expenses | ||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 65.1 | 69.1 | 59.6 | 48.3 | 33.1 | 30.7 | 24.6 | 24.4 | 11.3 | 2.0 | 1.8 | 1.9 |
| Other Expenses | 259.5 | 208.3 | 180.4 | 897.3 | 11.3 | 248.2 | 8.8 | 16.4 | 12.2 | 3.0 | 2.9 | 2.9 |
| Operating Expenses | 324.5 | 277.4 | 240.1 | 945.6 | 44.5 | 278.9 | 33.4 | 40.8 | 23.5 | 5.0 | 4.6 | 4.8 |
| Operating Income | ||||||||||||
| Operating Income | 3,647.6 | 3,544.9 | 3,344.8 | 1,632.5 | 1,444.3 | 913.2 | 842.5 | 758.0 | 144.2 | 0.0 | 0.0 | 0.0 |
| Interest Expense | 818.1 | 826.1 | 818.1 | 540.0 | 392.4 | 308.6 | 248.4 | 212.7 | 63.4 | 0.0 | 0.0 | 0.0 |
| Interest Income | 232.8 | 16.1 | 24.0 | 9.5 | 0.1 | 6.8 | 20.0 | 11.3 | 0.3 | 0 | 0 | 0 |
| Profitability | ||||||||||||
| EBITDA | 3,642.7 | 3,561.2 | 3,370.8 | 1,682.3 | 1,421.5 | 1,209.4 | 808.2 | 749.9 | 109.1 | 3.0 | 2.9 | 2.9 |
| EBIT | 3,639.1 | 3,557.0 | 3,366.5 | 1,679.1 | 1,418.4 | 1,205.6 | 804.4 | 746.2 | 106.0 | 0.0 | 0.0 | 0.0 |
| Income Before Tax | 2,821.0 | 2,730.9 | 2,548.5 | 1,139.1 | 1,026.0 | 897.0 | 556.0 | 533.6 | 42.6 | 0 | 0 | 0 |
| Income Tax Expense | 2.4 | 9.7 | (6.1) | 2.9 | 2.9 | 0.8 | 1.7 | 1.4 | (1.9) | 0.0 | (0.0) | (0.0) |
| Net Income | 2,775.5 | 2,678.8 | 2,513.5 | 1,117.6 | 1,013.9 | 891.7 | 546.0 | 523.6 | 42.7 | 3.0 | 0.0 | 0.0 |
| Per Share Data | ||||||||||||
| EPS (Basic) | 2.61 | 2.56 | 2.48 | 1.27 | 1.80 | 1.76 | 1.25 | 1.43 | 0.13 | 0.01 | – | – |
| EPS (Diluted) | 2.61 | 2.56 | 2.47 | 1.27 | 1.76 | 1.75 | 1.24 | 1.43 | 0.13 | 0.01 | – | – |
| Shares Outstanding | 1,062.0 | 1,046.7 | 1,014.5 | 877.5 | 564.5 | 506.1 | 435.1 | 367.2 | 327.5 | 360.8 | 360.8 | 360.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 563.5 | 524.6 | 522.6 | 208.9 | 739.6 | 316.0 | 1,101.9 | 577.9 | 183.6 | 0.9 |
| Short-Term Investments | 44.5 | 0 | 0 | 217.3 | 0 | 20.0 | 59.5 | 520.9 | 0 | 0 |
| Net Receivables | 18,727.3 | 18,451.7 | 18,236.3 | 16,759.7 | 2,653.0 | 2,625.5 | 61.7 | 8,916.0 | 8,268.6 | 0.1 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.4 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (8,869.0) | (8,254.9) | 0 |
| Total Current Assets | 19,340.0 | 18,980.9 | 18,763.7 | 17,193.3 | 3,396.3 | 2,964.2 | 1,226.4 | 1,148.9 | 197.4 | 1.6 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 960.9 | 967.3 | 952.6 | 876.7 | 359.3 | 364.2 | 96.8 | 71.5 | 74.3 | 88.8 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 1,651.5 | 1,144.2 | 1,460.8 | 498.0 | 0 | 0 | 0 | 8,268.6 | 0 |
| Other Non-Current Assets | 26,413.7 | 23,763.4 | 23,190.0 | 18,045.0 | 13,343.8 | 13,735.2 | 11,942.4 | 10,113.0 | 1,195.6 | 0 |
| Total Non-Current Assets | 27,384.2 | 26,388.1 | 25,296.2 | 20,382.5 | 14,201.1 | 14,099.4 | 12,039.3 | 10,184.5 | 9,542.3 | 88.8 |
| Total Assets | 46,724.2 | 45,368.9 | 44,059.8 | 37,575.8 | 17,597.4 | 17,063.6 | 13,265.6 | 11,333.4 | 9,739.7 | 90.5 |
| Current Liabilities | ||||||||||
| Account Payables | 0 | 0 | 0 | 0 | 0 | 0.7 | 0.6 | 1.1 | 5.2 | 0.3 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 300 | 0.0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 93.7 | 70.3 | 43.6 | 68.1 | 0.2 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | (93.7) | 0 | 0 | (300) | 0.2 |
| Total Current Liabilities | 725.0 | 679.9 | 664.8 | 593.6 | 339.8 | 332.8 | 249.2 | 206.1 | 97.7 | 1.0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 16,773.2 | 16,732.9 | 16,724.1 | 13,739.7 | 4,694.5 | 6,765.5 | 4,791.6 | 4,122.3 | 4,785.8 | 0 |
| Deferred Tax Liabilities | 6.6 | 3.8 | 4.5 | 4.3 | 3.9 | 3.5 | 3.4 | 3.3 | 3.7 | 5.0 |
| Other Non-Current Liabilities | 80.2 | 83.3 | 104.2 | 118.8 | 74.6 | 72.5 | 75.7 | 57.1 | 8.0 | 0.3 |
| Total Non-Current Liabilities | 17,776.6 | 17,737.2 | 17,737.2 | 14,692.1 | 5,070.4 | 7,237.1 | 4,967.4 | 4,226.3 | 4,865.6 | 5.3 |
| Total Liabilities | 18,501.6 | 18,417.1 | 18,402.1 | 15,285.7 | 5,410.2 | 7,569.9 | 5,216.6 | 4,432.3 | 4,963.3 | 6.3 |
| Stockholders' Equity | ||||||||||
| Common Stock | 10.7 | 10.6 | 10.4 | 9.6 | 6.3 | 5.4 | 4.6 | 4.0 | 3.0 | 84.1 |
| Retained Earnings | 2,767.1 | 1,867.4 | 965.8 | 93.2 | 346.0 | 139.5 | 208.1 | 187.1 | 42.7 | 0.1 |
| Accumulated Other Comprehensive Income | 121.0 | 144.6 | 153.9 | 185.4 | 0.9 | (92.5) | (65.1) | (22.1) | 0 | 0 |
| Total Stockholders' Equity | 27,797.6 | 26,538.0 | 25,255.9 | 21,933.6 | 12,108.3 | 9,415.8 | 7,965.2 | 6,817.4 | 4,691.5 | 84.1 |
| Total Liabilities & Equity | 46,724.2 | 45,368.9 | 44,059.8 | 37,575.8 | 17,597.4 | 17,063.6 | 13,265.6 | 11,333.4 | 9,739.7 | 90.5 |
| Debt Metrics | ||||||||||
| Total Debt | 17,689.7 | 17,650.1 | 17,628.5 | 14,569.0 | 4,991.8 | 7,067.4 | 4,818.0 | 4,122.3 | 5,085.8 | 0.0 |
| Net Debt | 17,126.3 | 17,125.5 | 17,105.9 | 14,360.0 | 4,252.2 | 6,751.4 | 3,716.1 | 3,544.4 | 4,902.1 | (0.9) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 2,818.5 | 2,721.2 | 2,554.6 | 1,136.3 | 1,023.2 | 896.2 | 554.3 | 532.1 | 44.5 | 0 |
| Depreciation & Amortization | 3.6 | 4.1 | 4.3 | 3.2 | 3.1 | 3.7 | 3.8 | 3.7 | 3.2 | 3.0 |
| Stock-Based Compensation | 16.2 | 17.5 | 15.5 | 13.0 | 9.4 | 7.4 | 5.2 | 2.3 | 0 | 0 |
| Change in Working Capital | 11.0 | (11.5) | (14.0) | 46.4 | (86.8) | 48.0 | 27.4 | (29.7) | 92.8 | (0.2) |
| Other Non-Cash Items | (337.6) | (355.3) | (369.0) | 744.5 | (52.4) | (71.7) | 91.4 | (4.1) | (8.8) | (0.0) |
| Operating Cash Flow | 2,510.0 | 2,381.5 | 2,181.0 | 1,943.4 | 896.4 | 883.6 | 682.2 | 504.1 | 131.7 | 2.7 |
| Investing Activities | ||||||||||
| Capital Expenditure | (1.3) | (7.5) | (4.0) | (1.9) | (2.5) | (2.8) | (2.7) | (0.9) | (2.0) | (0.9) |
| Acquisitions | 0 | 0 | (1,266.9) | (4,574.5) | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (931.7) | (441.4) | (241.1) | (4,324.4) | 0 | (20.0) | (440.4) | (1,713.8) | 0 | 0 |
| Sales/Maturities of Investments | 33.0 | 29.6 | 217.3 | 89.2 | 20.0 | 59.5 | 901.8 | 421.4 | 0 | 0 |
| Other Investing Activities | (4.7) | (503.5) | (1,604.4) | (492.4) | 24.0 | (4,585.5) | (1,820.1) | 152.4 | (1,136.2) | 0 |
| Investing Cash Flow | (904.8) | (922.8) | (2,899.1) | (9,304.0) | 41.4 | (4,548.8) | (1,361.4) | (1,140.9) | (1,138.2) | (0.9) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (49.0) | (40.9) | 169.1 | 5,000 | (2,100) | 2,017.9 | 586.5 | (690.1) | 142.6 | (0.1) |
| Stock Repurchased | 0 | (5.3) | (5.0) | (6.2) | (1.7) | (0.2) | 0 | 0 | 0 | 0 |
| Dividends Paid | (1,853.5) | (1,753.0) | (1,583.8) | (1,219.1) | (758.8) | (612.2) | (504.0) | (262.7) | 0 | 0 |
| Other Financing Activities | (39.4) | (36.5) | (28.7) | (163.9) | (39.4) | (66.0) | (64.1) | (10.9) | 40.9 | (1.2) |
| Financing Cash Flow | (1,566.5) | (1,457.1) | 1,031.8 | 6,829.9 | (514.2) | 2,879.2 | 1,182.7 | 1,037.8 | 1,147.3 | (1.3) |
| Cash Position | ||||||||||
| Net Change in Cash | 38.9 | 2.0 | 313.6 | (530.7) | 423.6 | (785.9) | 503.4 | 401.0 | 196.5 | 0.6 |
| Cash at Beginning | 524.6 | 522.6 | 208.9 | 739.6 | 316.0 | 1,101.9 | 598.4 | 197.4 | 0.9 | 0.4 |
| Cash at End | 563.5 | 524.6 | 522.6 | 208.9 | 739.6 | 316.0 | 1,101.9 | 598.4 | 197.4 | 0.9 |
| Free Cash Flow | 2,508.7 | 2,374.0 | 2,177.0 | 1,941.5 | 893.8 | 880.9 | 679.4 | 503.2 | 129.7 | 1.9 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||
| Revenue | 4,006.1 | 3,849.2 | 3,612.0 | 2,600.7 | 1,509.6 | 1,225.6 | 894.8 | 898.0 | 201.4 | 18.8 | 18.1 | 18.9 |
| Gross Profit | 3,972.1 | 3,822.3 | 3,584.9 | 2,578.1 | 1,488.8 | 1,192.1 | 875.9 | 798.8 | 167.7 | 5.0 | 4.7 | 4.8 |
| Operating Income | 3,647.6 | 3,544.9 | 3,344.8 | 1,632.5 | 1,444.3 | 913.2 | 842.5 | 758.0 | 144.2 | 0.0 | 0.0 | 0.0 |
| Net Income | 2,775.5 | 2,678.8 | 2,513.5 | 1,117.6 | 1,013.9 | 891.7 | 546.0 | 523.6 | 42.7 | 3.0 | 0.0 | 0.0 |
| EPS (Diluted) | 2.61 | 2.56 | 2.47 | 1.27 | 1.76 | 1.75 | 1.24 | 1.43 | 0.13 | 0.01 | – | – |
| Balance Sheet | ||||||||||||
| Cash & Equivalents | 563.5 | 524.6 | 522.6 | 208.9 | 739.6 | 316.0 | 1,101.9 | 577.9 | 183.6 | 0.9 | ||
| Total Assets | 46,724.2 | 45,368.9 | 44,059.8 | 37,575.8 | 17,597.4 | 17,063.6 | 13,265.6 | 11,333.4 | 9,739.7 | 90.5 | ||
| Total Debt | 17,689.7 | 17,650.1 | 17,628.5 | 14,569.0 | 4,991.8 | 7,067.4 | 4,818.0 | 4,122.3 | 5,085.8 | 0.0 | ||
| Stockholders' Equity | 27,797.6 | 26,538.0 | 25,255.9 | 21,933.6 | 12,108.3 | 9,415.8 | 7,965.2 | 6,817.4 | 4,691.5 | 84.1 | ||
| Cash Flow | ||||||||||||
| Operating Cash Flow | 2,510.0 | 2,381.5 | 2,181.0 | 1,943.4 | 896.4 | 883.6 | 682.2 | 504.1 | 131.7 | 2.7 | ||
| Capital Expenditure | (1.3) | (7.5) | (4.0) | (1.9) | (2.5) | (2.8) | (2.7) | (0.9) | (2.0) | (0.9) | ||
| Free Cash Flow | 2,508.7 | 2,374.0 | 2,177.0 | 1,941.5 | 893.8 | 880.9 | 679.4 | 503.2 | 129.7 | 1.9 | ||