Last 41 quarters of trend data · Real Estate · Net Lease REITs
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 11.63 | 18.52 | 13.83 | 8.33 | 12.33 | 11.48 | 9.94 | 15.99 | 12.59 | 11.90 | 10.08 | 13.07 | 11.07 | 13.23 | 11.39 | 15.68 | 12.86 | 21.95 | — | 20.33 | 17.11 |
| — | +61.3% | +39.1% | -47.9% | -2.0% | -3.5% | -1.4% | +22.4% | +13.7% | -10.1% | -11.4% | -16.7% | -13.9% | -39.7% | — | -22.9% | -24.8% | -13.5% | — | +44.0% | +42.2% | |
| P/S Ratio | 6.57 | 5.93 | 6.84 | 7.17 | 7.36 | 8.65 | 8.61 | 8.75 | 7.90 | 9.05 | 7.80 | 8.17 | 8.88 | 8.15 | 8.82 | 9.33 | 10.16 | 9.57 | 10.08 | 11.75 | 12.52 |
| — | -31.4% | -20.6% | -18.1% | -6.8% | -4.5% | +10.3% | +7.2% | -11.0% | +11.0% | -11.5% | -12.4% | -12.6% | -14.8% | -12.5% | -20.6% | -18.9% | -11.5% | -11.8% | +14.3% | +35.2% | |
| P/B Ratio | 0.93 | 0.86 | 0.98 | 1.02 | 1.06 | 1.24 | 1.26 | 1.28 | 1.14 | 1.32 | 1.14 | 1.20 | 1.29 | 1.20 | 1.32 | 1.38 | 1.40 | 1.30 | 1.21 | 1.26 | 1.57 |
| — | -30.7% | -22.1% | -20.0% | -7.6% | -5.8% | +9.8% | +5.9% | -11.3% | +9.5% | -13.1% | -13.0% | -8.1% | -7.8% | +8.9% | +9.4% | -10.9% | -2.6% | -31.6% | -21.1% | +8.2% | |
| P/FCF | 10.10 | 9.73 | 9.93 | 11.55 | 10.79 | 14.83 | 13.48 | 14.56 | 11.99 | 15.11 | 12.20 | 14.35 | 14.40 | 13.37 | 14.94 | 15.71 | 16.05 | 14.28 | 10.23 | 16.44 | 16.86 |
| — | -34.4% | -26.3% | -20.7% | -10.1% | -1.8% | +10.5% | +1.4% | -16.7% | +13.0% | -18.3% | -8.6% | -10.3% | -6.4% | +46.1% | -4.4% | -4.8% | -29.6% | -39.5% | -34.0% | +756.0% | |
| EV / EBITDA | 13.79 | 18.99 | 15.59 | 10.59 | 14.41 | 13.20 | 11.81 | 17.15 | 14.37 | 13.69 | 12.31 | 15.02 | 13.16 | 15.12 | 13.45 | 17.21 | 14.98 | 22.13 | 131.06 | 20.32 | 16.44 |
| — | +43.8% | +32.0% | -38.3% | +0.3% | -3.5% | -4.1% | +14.2% | +9.2% | -9.5% | -8.5% | -12.7% | -12.1% | -31.7% | -89.7% | -15.3% | -8.9% | +49.0% | +747.2% | +31.9% | +18.3% | |
| EV / EBIT | 12.15 | 18.97 | 15.61 | 10.56 | 14.32 | 13.16 | 11.86 | 17.09 | 14.36 | 13.68 | 12.26 | 14.95 | 13.14 | 15.08 | 13.34 | 17.06 | 14.53 | 21.13 | 133.70 | 20.41 | 16.51 |
| — | +44.1% | +31.6% | -38.2% | -0.3% | -3.8% | -3.3% | +14.3% | +9.3% | -9.3% | -8.1% | -12.4% | -9.6% | -28.6% | -90.0% | -16.4% | -12.0% | +35.5% | +760.8% | +29.0% | +18.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 99.3% | 97.6% | 99.3% | 99.4% | 99.3% | 99.3% | 99.3% | 99.4% | 99.3% | 99.3% | 99.3% | 99.3% | 99.1% | 99.3% | 99.3% | 99.3% | 99.2% | 99.3% | 99.1% | 98.7% | 96.7% |
| — | -1.8% | -0.0% | +0.0% | +0.0% | +0.0% | +0.1% | +0.0% | +0.2% | -0.0% | +0.0% | -0.0% | -0.1% | -0.0% | +0.2% | +0.6% | +2.6% | +0.7% | +0.5% | -0.1% | -0.3% | |
| Operating Margin | 91.2% | 52.8% | 70.4% | 107.5% | 80.3% | 97.7% | 110.0% | 76.8% | 85.4% | 98.8% | 100.0% | 84.2% | 102.1% | 85.0% | 100.0% | 82.7% | 98.8% | 64.2% | 11.6% | 74.9% | 92.8% |
| — | -45.9% | -36.1% | +40.0% | -6.0% | -1.1% | +10.0% | -8.9% | -16.4% | +16.2% | -0.0% | +1.8% | +3.3% | +32.2% | +763.6% | +10.5% | +6.5% | -30.1% | -88.7% | -21.8% | -6.2% | |
| Net Margin | 69.3% | 32.1% | 49.7% | 85.7% | 59.7% | 75.6% | 86.4% | 55.2% | 63.0% | 76.0% | 77.5% | 62.0% | 80.2% | 61.5% | 76.9% | 59.1% | 78.5% | 44.0% | -8.7% | 57.7% | 73.5% |
| — | -57.5% | -42.4% | +55.1% | -5.2% | -0.4% | +11.5% | -10.9% | -21.5% | +23.5% | +0.7% | +4.9% | +2.3% | +39.7% | +983.0% | +2.4% | +6.8% | +2.2% | -110.9% | -20.0% | -4.9% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.1% | 1.2% | 1.8% | 3.1% | 2.1% | 2.7% | 3.2% | 2.0% | 2.3% | 2.8% | 2.9% | 2.3% | 3.0% | 2.3% | 2.9% | 2.3% | 2.7% | 1.5% | -0.3% | 1.7% | 2.3% |
| — | -57.7% | -43.1% | +52.4% | -6.6% | -1.4% | +11.3% | -12.1% | -22.9% | +21.7% | -1.3% | +1.6% | +9.4% | +52.8% | +1042.1% | +29.9% | +17.7% | +1.2% | -109.9% | -38.5% | -24.2% | |
| ROA | 6.0% | 0.7% | 1.1% | 1.9% | 1.3% | 1.6% | 1.9% | 1.2% | 1.4% | 1.6% | 1.7% | 1.3% | 1.7% | 1.3% | 1.6% | 1.3% | 1.6% | 0.9% | -0.2% | 1.2% | 1.6% |
| — | -56.8% | -41.5% | +55.5% | -4.7% | +0.4% | +13.0% | -10.6% | -20.9% | +25.3% | +1.8% | +2.4% | +6.7% | +47.4% | +940.2% | +6.9% | +0.7% | -4.7% | -111.2% | -22.7% | -5.7% | |
| ROIC | 6.1% | 0.9% | 1.2% | 1.8% | 1.3% | 1.6% | 1.8% | 1.3% | 1.4% | 1.6% | 1.7% | 1.4% | 1.7% | 1.4% | 1.6% | 1.4% | 1.6% | 1.0% | 0.2% | 1.2% | 1.6% |
| — | -45.1% | -35.0% | +40.7% | -5.3% | -0.2% | +11.1% | -8.7% | -16.0% | +17.1% | +0.8% | -0.0% | +7.9% | +39.4% | +721.4% | +13.2% | -3.3% | -36.4% | -88.6% | -24.9% | -4.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.63 | 0.61 | 0.60 | 0.62 | 0.63 | 0.63 | 0.65 | 0.66 | 0.65 | 0.67 | 0.67 | 0.68 | 0.69 | 0.71 | 0.72 | 0.74 | 0.65 | 0.66 | 0.66 | 0.41 | 0.41 |
| — | -3.8% | -7.3% | -5.9% | -4.3% | -5.4% | -3.7% | -3.6% | -4.7% | -6.9% | -6.8% | -7.9% | +5.1% | +8.3% | +10.1% | +79.2% | +59.6% | +60.4% | -9.4% | -43.9% | -45.0% | |
| Debt / EBITDA | 4.83 | 31.61 | 23.93 | 16.15 | 21.71 | 17.95 | 16.18 | 23.48 | 21.15 | 18.50 | 18.41 | 21.95 | 18.49 | 22.80 | 19.40 | 24.13 | 19.13 | 30.11 | 187.75 | 20.48 | 14.01 |
| — | +76.1% | +47.9% | -31.2% | +2.7% | -3.0% | -12.1% | +7.0% | +14.4% | -18.8% | -5.1% | -9.0% | -3.3% | -24.3% | -89.7% | +17.8% | +36.6% | +108.9% | +923.5% | +4.0% | -26.7% | |
| Current Ratio | 26.68 | 0.45 | 0.40 | 33.27 | 26.68 | 32.20 | 30.99 | 31.78 | 27.92 | 28.82 | 28.65 | 30.13 | 28.22 | 27.54 | 29.46 | 28.06 | 28.97 | 29.48 | 32.92 | 8.78 | 9.99 |
| — | -98.6% | -98.7% | +4.7% | -4.4% | +11.7% | +8.2% | +5.5% | -1.1% | +4.7% | -2.8% | +7.4% | -2.6% | -6.6% | -10.5% | +219.7% | +189.8% | +206.7% | +175.7% | -24.4% | +12.2% | |
| Quick Ratio | 26.68 | 0.45 | 0.40 | 33.27 | 26.68 | 32.20 | 30.99 | 31.78 | 27.92 | 28.82 | 28.65 | 30.13 | 28.22 | 27.54 | 29.46 | 28.06 | 28.97 | 29.48 | 32.92 | 8.78 | 9.99 |
| — | -98.6% | -98.7% | +4.7% | -4.4% | +11.7% | +8.2% | +5.5% | -1.1% | +4.7% | -2.8% | +7.4% | -2.6% | -6.6% | -10.5% | +219.7% | +189.8% | +206.7% | +175.7% | -24.4% | +12.2% | |
| Interest Coverage | 4.34 | 2.63 | 3.55 | 5.25 | 3.90 | 4.70 | 5.13 | 3.63 | 4.01 | 4.60 | 4.67 | 3.94 | 4.66 | 3.76 | 4.46 | 3.59 | 4.64 | 2.99 | 0.57 | 4.57 | 5.04 |
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Includes 30+ ratios · 41 years · Updated daily
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Quick answers to the most common questions about buying VICI stock.
VICI Properties Inc.'s current P/E is 11.6x. The average P/E over the last 4 quarters is 13.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
VICI Properties Inc.'s current operating margin is 91.2%. 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.