VICI PROPERTIES INC (VICI) Stock Fundamental Analysis
NYSE:VICI • US9256521090
29.3 USD
+0.24 (+0.83%)
At close: Feb 13, 2026
29.3283 USD
+0.03 (+0.1%)
After Hours: 2/13/2026, 9:45:45 PM
VICI gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 28 industry peers in the Specialized REITs industry. VICI has an excellent profitability rating, but there are some minor concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on VICI. Finally VICI also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- VICI had positive earnings in the past year.
- In the past year VICI had a positive cash flow from operations.
- VICI had positive earnings in each of the past 5 years.
- Each year in the past 5 years VICI had a positive operating cash flow.
1.2 Ratios
- VICI has a Return On Assets of 5.99%. This is in the better half of the industry: VICI outperforms 78.57% of its industry peers.
- With a decent Return On Equity value of 10.06%, VICI is doing good in the industry, outperforming 71.43% of the companies in the same industry.
- With a decent Return On Invested Capital value of 6.34%, VICI is doing good in the industry, outperforming 78.57% of the companies in the same industry.
- VICI had an Average Return On Invested Capital over the past 3 years of 5.29%. This is in line with the industry average of 5.06%.
- The last Return On Invested Capital (6.34%) for VICI is above the 3 year average (5.29%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.99% | ||
| ROE | 10.06% | ||
| ROIC | 6.34% |
ROA(3y)4.86%
ROA(5y)5.11%
ROE(3y)8.38%
ROE(5y)8.6%
ROIC(3y)5.29%
ROIC(5y)5.36%
1.3 Margins
- VICI's Profit Margin of 70.18% is amongst the best of the industry. VICI outperforms 92.86% of its industry peers.
- VICI's Profit Margin has improved in the last couple of years.
- With an excellent Operating Margin value of 92.60%, VICI belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
- In the last couple of years the Operating Margin of VICI has remained more or less at the same level.
- With an excellent Gross Margin value of 99.33%, VICI belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
- In the last couple of years the Gross Margin of VICI has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 92.6% | ||
| PM (TTM) | 70.18% | ||
| GM | 99.33% |
OM growth 3Y-1.26%
OM growth 5Y-0.56%
PM growth 3Y1.19%
PM growth 5Y2.66%
GM growth 3Y0.23%
GM growth 5Y0.29%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VICI is destroying value.
- Compared to 1 year ago, VICI has more shares outstanding
- The number of shares outstanding for VICI has been increased compared to 5 years ago.
- The debt/assets ratio for VICI has been reduced compared to a year ago.
2.2 Solvency
- VICI has an Altman-Z score of 1.42. This is a bad value and indicates that VICI is not financially healthy and even has some risk of bankruptcy.
- The Altman-Z score of VICI (1.42) is better than 78.57% of its industry peers.
- VICI has a debt to FCF ratio of 7.63. This is a slightly negative value and a sign of low solvency as VICI would need 7.63 years to pay back of all of its debts.
- VICI's Debt to FCF ratio of 7.63 is amongst the best of the industry. VICI outperforms 82.14% of its industry peers.
- A Debt/Equity ratio of 0.64 indicates that VICI is somewhat dependend on debt financing.
- With an excellent Debt to Equity ratio value of 0.64, VICI belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 7.63 | ||
| Altman-Z | 1.42 |
ROIC/WACC0.85
WACC7.46%
2.3 Liquidity
- VICI has a Current Ratio of 0.69. This is a bad value and indicates that VICI is not financially healthy enough and could expect problems in meeting its short term obligations.
- Looking at the Current ratio, with a value of 0.69, VICI is in line with its industry, outperforming 53.57% of the companies in the same industry.
- VICI has a Quick Ratio of 0.69. This is a bad value and indicates that VICI is not financially healthy enough and could expect problems in meeting its short term obligations.
- Looking at the Quick ratio, with a value of 0.69, VICI is in line with its industry, outperforming 53.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.69 | ||
| Quick Ratio | 0.69 |
3. Growth
3.1 Past
- VICI shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.96%.
- VICI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.23% yearly.
- Looking at the last year, VICI shows a small growth in Revenue. The Revenue has grown by 4.31% in the last year.
- The Revenue has been growing by 33.88% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-2.96%
EPS 3Y13.3%
EPS 5Y15.23%
EPS Q2Q%1.43%
Revenue 1Y (TTM)4.31%
Revenue growth 3Y36.62%
Revenue growth 5Y33.88%
Sales Q2Q%4.44%
3.2 Future
- VICI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.12% yearly.
- Based on estimates for the next years, VICI will show a small growth in Revenue. The Revenue will grow by 4.06% on average per year.
EPS Next Y9.27%
EPS Next 2Y5.54%
EPS Next 3Y5.12%
EPS Next 5YN/A
Revenue Next Year4.25%
Revenue Next 2Y3.62%
Revenue Next 3Y2.99%
Revenue Next 5Y4.06%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 11.18, the valuation of VICI can be described as reasonable.
- 92.86% of the companies in the same industry are more expensive than VICI, based on the Price/Earnings ratio.
- Compared to an average S&P500 Price/Earnings ratio of 27.19, VICI is valued rather cheaply.
- VICI is valuated reasonably with a Price/Forward Earnings ratio of 10.28.
- VICI's Price/Forward Earnings ratio is rather cheap when compared to the industry. VICI is cheaper than 96.43% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 28.06, VICI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.18 | ||
| Fwd PE | 10.28 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, VICI is valued cheaply inside the industry as 92.86% of the companies are valued more expensively.
- VICI's Price/Free Cash Flow ratio is rather cheap when compared to the industry. VICI is cheaper than 92.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.56 | ||
| EV/EBITDA | 13.17 |
4.3 Compensation for Growth
- The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- VICI has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.21
PEG (5Y)0.73
EPS Next 2Y5.54%
EPS Next 3Y5.12%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 6.26%, VICI is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 5.39, VICI pays a better dividend. On top of this VICI pays more dividend than 85.71% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, VICI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.26% |
5.2 History
- The dividend of VICI is nicely growing with an annual growth rate of 8.63%!
- VICI has been paying a dividend for over 5 years, so it has already some track record.
- VICI has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)8.63%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
- VICI pays out 65.54% of its income as dividend. This is not a sustainable payout ratio.
- The dividend of VICI is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP65.54%
EPS Next 2Y5.54%
EPS Next 3Y5.12%
29.3
+0.24 (+0.83%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)10-30 2025-10-30/amc
Earnings (Next)02-25 2026-02-25/amc
Inst Owners100.68%
Inst Owner Change-6.62%
Ins Owners0.27%
Ins Owner Change-0.49%
Market Cap31.32B
Revenue(TTM)3.97B
Net Income(TTM)2.79B
Analysts80.65
Price Target35.7 (21.84%)
Short Float %2.81%
Short Ratio2.28
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.26% |
Yearly Dividend1.67
Dividend Growth(5Y)8.63%
DP65.54%
Div Incr Years6
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)8.5%
Min EPS beat(2)-0.32%
Max EPS beat(2)17.33%
EPS beat(4)1
Avg EPS beat(4)-6.19%
Min EPS beat(4)-26.29%
Max EPS beat(4)17.33%
EPS beat(8)4
Avg EPS beat(8)-3.38%
EPS beat(12)6
Avg EPS beat(12)-2.93%
EPS beat(16)7
Avg EPS beat(16)-5.31%
Revenue beat(2)0
Avg Revenue beat(2)-1.04%
Min Revenue beat(2)-1.23%
Max Revenue beat(2)-0.86%
Revenue beat(4)0
Avg Revenue beat(4)-1.11%
Min Revenue beat(4)-1.23%
Max Revenue beat(4)-0.86%
Revenue beat(8)0
Avg Revenue beat(8)-0.98%
Revenue beat(12)3
Avg Revenue beat(12)-0.47%
Revenue beat(16)4
Avg Revenue beat(16)0.11%
PT rev (1m)-2.16%
PT rev (3m)-4.94%
EPS NQ rev (1m)0.09%
EPS NQ rev (3m)-2.91%
EPS NY rev (1m)0.13%
EPS NY rev (3m)0.71%
Revenue NQ rev (1m)0.1%
Revenue NQ rev (3m)0.19%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.18 | ||
| Fwd PE | 10.28 | ||
| P/S | 7.89 | ||
| P/FCF | 13.56 | ||
| P/OCF | 12.72 | ||
| P/B | 1.13 | ||
| P/tB | 1.13 | ||
| EV/EBITDA | 13.17 |
EPS(TTM)2.62
EY8.94%
EPS(NY)2.85
Fwd EY9.73%
FCF(TTM)2.16
FCFY7.38%
OCF(TTM)2.3
OCFY7.86%
SpS3.71
BVpS25.89
TBVpS25.89
PEG (NY)1.21
PEG (5Y)0.73
Graham Number39.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.99% | ||
| ROE | 10.06% | ||
| ROCE | 8.03% | ||
| ROIC | 6.34% | ||
| ROICexc | 6.41% | ||
| ROICexgc | 6.41% | ||
| OM | 92.6% | ||
| PM (TTM) | 70.18% | ||
| GM | 99.33% | ||
| FCFM | 58.2% |
ROA(3y)4.86%
ROA(5y)5.11%
ROE(3y)8.38%
ROE(5y)8.6%
ROIC(3y)5.29%
ROIC(5y)5.36%
ROICexc(3y)5.35%
ROICexc(5y)5.47%
ROICexgc(3y)5.35%
ROICexgc(5y)3.94%
ROCE(3y)6.7%
ROCE(5y)6.78%
ROICexgc growth 3Y41.44%
ROICexgc growth 5Y27.34%
ROICexc growth 3Y-2.76%
ROICexc growth 5Y2.56%
OM growth 3Y-1.26%
OM growth 5Y-0.56%
PM growth 3Y1.19%
PM growth 5Y2.66%
GM growth 3Y0.23%
GM growth 5Y0.29%
F-Score6
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 7.63 | ||
| Debt/EBITDA | 4.79 | ||
| Cap/Depr | 4149.4% | ||
| Cap/Sales | 3.83% | ||
| Interest Coverage | 4.56 | ||
| Cash Conversion | 66.93% | ||
| Profit Quality | 82.94% | ||
| Current Ratio | 0.69 | ||
| Quick Ratio | 0.69 | ||
| Altman-Z | 1.42 |
F-Score6
WACC7.46%
ROIC/WACC0.85
Cap/Depr(3y)59033.7%
Cap/Depr(5y)57630.8%
Cap/Sales(3y)71.67%
Cap/Sales(5y)110.02%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-2.96%
EPS 3Y13.3%
EPS 5Y15.23%
EPS Q2Q%1.43%
EPS Next Y9.27%
EPS Next 2Y5.54%
EPS Next 3Y5.12%
EPS Next 5YN/A
Revenue 1Y (TTM)4.31%
Revenue growth 3Y36.62%
Revenue growth 5Y33.88%
Sales Q2Q%4.44%
Revenue Next Year4.25%
Revenue Next 2Y3.62%
Revenue Next 3Y2.99%
Revenue Next 5Y4.06%
EBIT growth 1Y0.33%
EBIT growth 3Y34.89%
EBIT growth 5Y33.14%
EBIT Next Year-7%
EBIT Next 3Y0.28%
EBIT Next 5YN/A
FCF growth 1Y93.94%
FCF growth 3Y30.13%
FCF growth 5YN/A
OCF growth 1Y17.67%
OCF growth 3Y38.5%
OCF growth 5Y28.41%
VICI PROPERTIES INC / VICI FAQ
What is the ChartMill fundamental rating of VICI PROPERTIES INC (VICI) stock?
ChartMill assigns a fundamental rating of 6 / 10 to VICI.
What is the valuation status of VICI PROPERTIES INC (VICI) stock?
ChartMill assigns a valuation rating of 8 / 10 to VICI PROPERTIES INC (VICI). This can be considered as Undervalued.
How profitable is VICI PROPERTIES INC (VICI) stock?
VICI PROPERTIES INC (VICI) has a profitability rating of 8 / 10.
Can you provide the expected EPS growth for VICI stock?
The Earnings per Share (EPS) of VICI PROPERTIES INC (VICI) is expected to grow by 9.27% in the next year.
How sustainable is the dividend of VICI PROPERTIES INC (VICI) stock?
The dividend rating of VICI PROPERTIES INC (VICI) is 7 / 10 and the dividend payout ratio is 65.54%.