Last 39 quarters of trend data · Real Estate · REIT - Diversified
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
VICI Properties Inc.'s quarterly P/E stands at 8.3x, down 47.9% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 61.8% YoY to 6.6x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 11.03 | 8.33 | 12.33 | 11.48 | 9.94 | 15.99 | 12.59 | 11.90 | 10.08 | 13.07 | 11.07 | 13.23 | 11.39 |
| — | -47.9% | -2.0% | -3.5% | -1.4% | +22.4% | +13.7% | -10.1% | -11.4% | -16.7% | -13.9% | -39.7% | — | |
| P/S Ratio | 7.68 | 7.17 | 7.36 | 8.58 | 8.61 | 8.75 | 7.90 | 9.05 | 7.80 | 8.17 | 8.88 | 8.15 | 8.82 |
| — | -18.1% | -6.8% | -5.2% | +10.3% | +7.2% | -11.0% | +11.0% | -11.5% | -12.4% | -12.6% | -14.8% | -12.5% | |
| P/B Ratio | 1.08 | 1.02 | 1.06 | 1.24 | 1.26 | 1.28 | 1.14 | 1.32 | 1.14 | 1.20 | 1.29 | 1.20 | 1.32 |
| — | -20.0% | -7.6% | -5.8% | +9.8% | +5.9% | -11.3% | +9.5% | -13.1% | -13.0% | -8.1% | -7.8% | +8.9% | |
| P/FCF | 12.27 | 11.55 | 10.79 | 14.83 | 13.48 | 14.56 | 11.99 | 15.11 | 12.20 | 14.35 | 14.40 | 13.37 | 14.94 |
| — | -20.7% | -10.1% | -1.8% | +10.5% | +1.4% | -16.7% | +13.0% | -18.3% | -8.6% | -10.3% | -6.4% | +46.1% | |
| EV / EBITDA | 8.28 | 6.55 | 8.98 | 13.20 | 11.81 | 17.15 | 14.37 | 13.69 | 12.31 | 15.02 | 13.16 | 15.12 | 13.45 |
| — | -61.8% | -37.5% | -3.5% | -4.1% | +14.2% | +9.2% | -9.5% | -8.5% | -12.7% | -12.1% | -31.7% | -89.7% | |
| EV / EBIT | 8.28 | 6.57 | 9.00 | 13.16 | 11.86 | 17.09 | 14.36 | 13.68 | 12.26 | 14.95 | 13.14 | 15.08 | 13.34 |
| — | -61.6% | -37.4% | -3.8% | -3.3% | +14.3% | +9.3% | -9.3% | -8.1% | -12.4% | -9.6% | -28.6% | -90.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
VICI Properties Inc.'s operating margin was 107.5% in Q1 2026, up 27.2 pp QoQ and up 30.7 pp YoY. The trailing four-quarter average of 98.7% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 99.2% | 99.2% | 99.1% | 99.2% | 99.3% | 99.4% | 99.3% | 99.3% | 99.3% | 99.3% | 99.1% | 99.3% | 99.3% |
| — | -0.2% | -0.2% | -0.1% | +0.1% | +0.0% | +0.2% | -0.0% | +0.0% | -0.0% | -0.1% | -0.0% | +0.2% | |
| Operating Margin | 91.1% | 107.5% | 80.3% | 96.9% | 110.0% | 76.8% | 85.4% | 98.8% | 100.0% | 84.2% | 102.1% | 85.0% | 100.0% |
| — | +40.0% | -6.0% | -1.8% | +10.0% | -8.9% | -16.4% | +16.2% | -0.0% | +1.8% | +3.3% | +32.2% | +763.6% | |
| Net Margin | 69.3% | 85.7% | 59.7% | 75.1% | 86.4% | 55.2% | 63.0% | 76.0% | 77.5% | 62.0% | 80.2% | 61.5% | 76.9% |
| — | +55.1% | -5.2% | -1.2% | +11.5% | -10.9% | -21.5% | +23.5% | +0.7% | +4.9% | +2.3% | +39.7% | +983.0% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.1% | 3.1% | 2.1% | 2.7% | 3.2% | 2.0% | 2.3% | 2.8% | 2.9% | 2.3% | 3.0% | 2.3% | 2.9% |
| — | +52.4% | -6.6% | -1.4% | +11.3% | -12.1% | -22.9% | +21.7% | -1.3% | +1.6% | +9.4% | +52.8% | +1042.1% | |
| ROA | 6.0% | 1.9% | 1.3% | 1.6% | 1.9% | 1.2% | 1.4% | 1.6% | 1.7% | 1.3% | 1.7% | 1.3% | 1.6% |
| — | +55.5% | -4.7% | +0.4% | +13.0% | -10.6% | -20.9% | +25.3% | +1.8% | +2.4% | +6.7% | +47.4% | +940.2% | |
| ROIC | 7.6% | 2.9% | 1.7% | 1.6% | 1.8% | 1.3% | 1.4% | 1.6% | 1.7% | 1.4% | 1.7% | 1.4% | 1.6% |
| — | +129.9% | +17.6% | -0.2% | +11.1% | -8.7% | -16.0% | +17.1% | +0.8% | -0.0% | +7.9% | +39.4% | +721.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has weakened 91.3% YoY to 2.77x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | 0.63 | 0.65 | 0.66 | 0.65 | 0.67 | 0.67 | 0.68 | 0.69 | 0.71 | 0.72 |
| — | — | — | -5.4% | -3.7% | -3.6% | -4.7% | -6.9% | -6.8% | -7.9% | +5.1% | +8.3% | +10.1% | |
| Debt / EBITDA | — | — | — | 17.95 | 16.18 | 23.48 | 21.15 | 18.50 | 18.41 | 21.95 | 18.49 | 22.80 | 19.40 |
| — | — | — | -3.0% | -12.1% | +7.0% | +14.4% | -18.8% | -5.1% | -9.0% | -3.3% | -24.3% | -89.7% | |
| Current Ratio | 2.55 | 2.77 | 2.55 | 32.20 | 30.99 | 31.78 | 27.92 | 28.82 | 28.65 | 30.13 | 28.22 | 27.54 | 29.46 |
| — | -91.3% | -90.9% | +11.7% | +8.2% | +5.5% | -1.1% | +4.7% | -2.8% | +7.4% | -2.6% | -6.6% | -10.5% | |
| Quick Ratio | 2.55 | 2.77 | 2.55 | 32.20 | 30.99 | 31.78 | 27.92 | 28.82 | 28.65 | 30.13 | 28.22 | 27.54 | 29.46 |
| — | -91.3% | -90.9% | +11.7% | +8.2% | +5.5% | -1.1% | +4.7% | -2.8% | +7.4% | -2.6% | -6.6% | -10.5% | |
| Interest Coverage | 4.45 | 5.38 | 3.99 | 4.70 | 5.13 | 3.63 | 4.01 | 4.60 | 4.67 | 3.94 | 4.66 | 3.76 | 4.46 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 39 years · Updated daily
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Start ComparisonQuick answers to the most common questions about buying VICI stock.
VICI Properties Inc.'s current P/E is 11.0x. The average P/E over the last 4 quarters is 10.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
VICI Properties Inc.'s current operating margin is 91.1%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking VICI Properties Inc.'s business trajectory between earnings reports.