The Tip Desk

VICI PROPERTIES INC.

Company Stats

Market Cap
$25.3B
as of Sep 30, 2026
Enterprise Value
$41.8B
Shares Outstanding
1.1B
Free Float
98.9%

Income Statement

Revenue
$4.0B
Net Income
$2.8B
Revenue Growth, 3Y
15.5%
FCF Margin, 3Y Avg
61.5%
FCF Margin, Worst Year
60.3%

Cash Flow

Free Cash Flow
$2.5B
FCF Yield
9.9%
Owner FCF Yield
9.9%

Balance Sheet

Cash & Equivalents
$563.5M
Total Debt
$17.1B
Net Debt
$16.5B

Returns & Capital

Dividends Paid
$1.9B
Dividend Yield
7.3%
Dividend Payout, 3Y Avg
65.1%
SBC, 3Y Avg
$16.4M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$4.0B$2.5B62.6%
FY2024$3.8B$2.4B61.7%
FY2023$3.6B$2.2B60.3%
FY2022$2.6B$1.9B74.7%
FY2021$1.5B$893.8M59.2%

Annual filing data through FY ended December 31, 2025; shares and float as of November 3, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage