VICI Properties Inc. Financial Ratios — VICI Stock

Profitability (USD)

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	1.79	9.1	7.39	10.26	9.42	6.57	10.65	10.34	10.22
Return on Assets (%)	- -	- -	- -	0.87	4.97	4.44	5.88	5.85	4.05	6.16	5.99	6.03
Return on Capital (%)	- -	- -	- -	- -	6.96	6.57	8.12	8.27	6.06	- -	7.87	7.9
Return on Invested Capital (%)	- -	- -	- -	- -	7.24	7.03	5.88	8.38	5.94	- -	8.03	8.05
Gross Margin (%)	25.6	25.78	26.86	83.24	98.07	97.89	97.27	98.62	99.13	99.25	99.3	99.33
EBITDA Margin (%)	15.56	16.04	16.17	73.15	84.82	94.58	70.92	94.16	62.02	92.5	92.08	91.14
Operating Margin (%)	0.21	0.1	0.04	76.07	85.82	94.71	74.52	95.68	62.77	92.6	92.1	91.24
Incremental Operating Margin (%)	- -	2.53	- -	83.89	88.64	- -	19.88	187.01	17.24	169.33	84.35	70.34
Pretax Margin (%)	- -	- -	- -	21.17	59.42	62.14	73.19	67.97	43.8	70.56	70.95	70.42
Profit Margin (%)	0.02	0.02	- -	21.18	58.31	61.02	72.76	67.16	42.97	69.59	69.59	69.28
Net Income to Common Margin (%)	0.02	0.02	- -	21.18	58.31	61.02	72.76	67.16	42.97	69.59	69.59	69.28
Effective Tax Rate (%)	- -	- -	- -	- -	0.27	0.31	0.09	0.28	0.25	- -	0.36	0.09
Dvd Payout Ratio (%)	- -	- -	- -	- -	48.59	89.58	67.97	73.49	105.56	61.02	63.43	64.77
Sustainable Growth Rate (%)	- -	- -	- -	1.79	4.68	0.77	3.29	2.5	-0.37	4.15	3.78	3.6

Credit (USD)

Credit Ratios API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	- -	- -	5,086	4,122	4,818	7,067	4,992	14,569	17,629	17,650	17,690
ST Debt	- -	- -	- -	300	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	- -	4,786	4,122	4,818	7,067	4,992	14,569	17,629	17,650	17,690
Total Debt/EBITDA	- -	0.02	- -	34.52	5.41	5.69	8.13	3.51	9.03	5.28	4.98	4.84
Net Debt/EBITDA	- -	-0.1	-0.3	33.27	4.65	4.36	7.42	2.78	8.39	4.85	4.57	4.44
Total Debt/EBIT	- -	3.61	2	35.27	5.44	5.72	8.17	3.52	9.05	5.28	4.99	4.85
Net Debt/EBIT	- -	-15.89	-129.43	34	4.68	4.38	7.45	2.79	8.41	4.86	4.58	4.44
EBITDA to Interest Expense	75.46	161.11	433.86	2.33	3.58	3.41	2.82	3.62	2.99	4.08	4.29	4.33
EBITDA-CapEx/Interest Expense	75.03	116.78	309.71	2.29	3.58	3.4	2.81	3.62	2.98	4.08	4.28	4.33
EBIT to Interest Expense	1	1	1	2.42	3.62	3.41	2.96	3.68	3.02	4.09	4.29	4.33
Interest Expense	- -	- -	- -	63	213	248	309	392	540	818	826	844
Common Equity/Total Assets	- -	92.76	93	48.17	60.15	60.04	55.18	68.81	58.37	57.32	58.49	59.49
Long-Term Debt/Equity (%)	- -	0.02	- -	100.2	59.73	59.86	74.44	40.96	65.36	68.71	65.49	62.68
Long-Term Debt/Capital (%)	- -	0.02	- -	48.53	37.4	37.44	42.67	29.06	39.53	40.73	39.57	38.53
Long-Term Debt/Total Assets (%)	- -	0.02	- -	49.14	36.37	36.32	41.42	28.37	38.77	40.01	38.9	37.86
Total Debt/Equity (%)	- -	0.08	0.02	106.48	59.73	59.86	74.44	40.96	65.36	68.71	65.49	62.68
Total Debt/Capital (%)	- -	0.08	0.02	51.57	37.4	37.44	42.67	29.06	39.53	40.73	39.57	38.53
Total Debt/Total Assets (%)	- -	0.07	0.02	52.22	36.37	36.32	41.42	28.37	38.77	40.01	38.9	37.86
Net Debt to Equity	- -	-0.33	-1.08	102.63	51.36	45.84	67.93	32.45	60.7	63.14	60.14	57.44
Net Debt/Capital (%)	- -	-0.34	-1.09	50.65	33.93	31.36	39.7	24.06	36.92	37.89	36.77	35.74
EBITDA	3	3	3	147	762	846	869	1,421	1,613	3,341	3,544	3,651
EBITDA-CapEx	3	2	2	145	761	844	866	1,419	1,611	3,337	3,537	3,650
Operating Income (Loss)	- -	- -	- -	153	771	847	913	1,444	1,632	3,345	3,545	3,655

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	0.29	0.9	1.88	5.33	4.66	1.01	2.18	0.72	0.79	0.77	0.84
Current Ratio	- -	0.85	1.61	2.02	5.57	4.92	8.91	9.99	28.97	28.22	27.92	26.68
Quick Ratio	- -	0.44	0.97	1.88	5.46	4.91	8.9	9.98	28.95	28.22	27.91	26.67
CFO/Avg Current Liab	- -	- -	2.42	2.67	3.32	3	3.04	2.67	4.16	3.47	3.54	3.57
Common Equity/Total Assets	- -	92.76	93	48.17	60.15	60.04	55.18	68.81	58.37	57.32	58.49	59.49
Long-Term Debt/Equity (%)	- -	0.02	- -	100.2	59.73	59.86	74.44	40.96	65.36	68.71	65.49	62.68
Long-Term Debt/Capital (%)	- -	0.02	- -	48.53	37.4	37.44	42.67	29.06	39.53	40.73	39.57	38.53
Long-Term Debt/Total Assets (%)	- -	0.02	- -	49.14	36.37	36.32	41.42	28.37	38.77	40.01	38.9	37.86
Total Debt/Equity (%)	- -	0.08	0.02	106.48	59.73	59.86	74.44	40.96	65.36	68.71	65.49	62.68
Total Debt/Capital (%)	- -	0.08	0.02	51.57	37.4	37.44	42.67	29.06	39.53	40.73	39.57	38.53
Total Debt/Total Assets (%)	- -	0.07	0.02	52.22	36.37	36.32	41.42	28.37	38.77	40.01	38.9	37.86
CFO/Total Liabilities	- -	43.37	42.97	2.65	11.37	13.08	11.67	16.57	12.71	11.85	12.93	13.57
CFO/CapEx	180.76	3.62	3.13	66.88	560.71	250.43	319.23	357.82	1,035.93	540.52	316.44	1,880.14
Altman's Z-Score	- -	- -	- -	- -	- -	- -	- -	- -	2	1.92	1.88	1.88

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	- -	144.5	- -	- -	- -	- -	- -	- -	- -	681.15	1,079.38
Days Sales Outstanding	- -	- -	2.53	- -	- -	- -	- -	- -	- -	- -	0.54	0.34
Inventory Turnover	- -	- -	33.8	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	10.8	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	42.25	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	8.64	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	4.69	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	-8.27	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	31,827	32,710	30,556	30,105
- Cash & Cash Equivalents	- -	- -	1	184	578	1,102	316	740	209	523	525	563
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	85	84	84	78	79	356	402	414	425
+ Total Debt	- -	- -	- -	5,086	4,122	4,818	7,067	4,992	14,569	17,629	17,650	17,690
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	46,326	50,217	48,095	47,612
Total Capital	- -	85	84	9,862	11,023	12,867	16,561	17,179	36,859	43,286	44,602	45,912
Total Debt/Capital (%)	- -	0.08	0.02	51.57	37.4	37.44	42.67	29.06	39.53	40.73	39.57	38.53
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	0.31	0.35	0.37	0.37
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	17.81	13.9	12.49	11.88
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	28.72	15.03	13.57	13.04
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	28.78	15.05	13.58	13.05
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	18.67	- -	15.01	14.2
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	18.68	- -	15.04	14.21
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	29,070	31,865	30,304	29,933
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	43,570	49,373	47,844	47,439
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	48.1	48.16	45.53	44.55
TTM Sales	19	18	19	201	898	895	1,226	1,510	2,601	3,612	3,849	4,006
TTM EBITDA	3	3	3	147	762	846	869	1,421	1,613	3,341	3,544	3,651
TTM Operating Income	- -	- -	- -	153	771	847	913	1,444	1,632	3,345	3,545	3,655
TTM Cash Flow to Firm	- -	- -	- -	- -	716	930	1,192	1,288	2,482	- -	3,205	3,353
TTM Free Cash Flow to Firm	- -	- -	- -	- -	715	927	1,189	1,285	2,480	- -	3,197	3,352

Multiples (USD)

Valuation Multiples API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	14.97	14.64	12.77	11.93
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	28.78	15.05	13.58	13.05
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	46,326	50,217	48,095	47,612
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	32.98	26	26.87	27.63
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	17.81	13.9	12.49	11.88
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	28.72	15.03	13.57	13.04
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	25.95	12.66	11.3	10.78
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	26.63	12.52	11.9	11.53
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	27.51	14.06	13.39	13.08
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	25.89	10.49	10.5	10.57
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	1.45	1.3	1.15	1.08
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	1.49	1.28	1.21	1.16
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	1.54	1.44	1.36	1.31
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	1.45	1.07	1.07	1.06
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	1.45	1.3	1.15	1.08
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	1.49	1.28	1.21	1.16
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	1.54	1.44	1.36	1.31
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	1.45	1.07	1.07	1.06
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	11.15	8.81	7.87	7.47
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	11.44	8.71	8.28	7.99
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	11.82	9.79	9.32	9.06
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	11.13	7.3	7.31	7.32
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	14.92	14.59	12.71	11.92
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	15.31	14.42	13.38	12.75
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	15.82	16.21	15.06	14.47
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	14.89	12.09	11.81	11.69
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	15.37	14.47	13.43	12.76
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	15.88	16.26	15.12	14.48
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	14.94	12.13	11.86	11.7
EV/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	18.13	13.8	12.91	12.41
EV/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	18.55	14.91	13.96	13.49
EV/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	17.79	12.35	11.93	11.74
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	29.24	14.92	14.02	13.61
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	29.91	16.11	15.16	14.8
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	28.68	13.35	12.96	12.88
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	29.3	14.94	14.04	13.63
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	29.97	16.13	15.18	14.82
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	28.74	13.37	12.97	12.9
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	33.05	31.37	28.93	28.17
High Price	- -	- -	- -	- -	- -	- -	- -	- -	35.04	34.84	34.27	34.19
Enterprise Value Average	- -	- -	- -	- -	- -	- -	- -	- -	47,160	49,839	49,697	49,702
Enterprise Value High	- -	- -	- -	- -	- -	- -	- -	- -	48,249	53,839	53,742	54,052
Enterprise Value Low	- -	- -	- -	- -	- -	- -	- -	- -	46,258	44,619	45,929	47,036

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	370	246	246	300	405	461	537	629	963	1,043	1,056	1,069
Diluted Weighted Avg Shares	361	361	361	328	367	439	511	577	880	1,016	1,048	1,063
Basic Weighted Avg Shares	361	361	361	328	367	435	506	564	878	1,015	1,047	1,062
Revenue per Share	0.05	0.05	0.05	0.61	2.45	2.06	2.42	2.67	2.96	3.56	3.68	3.77
EBITDA per Share	0.01	0.01	0.01	0.45	2.07	1.95	1.72	2.52	1.84	3.29	3.39	3.44
Operating Income per Share	- -	- -	- -	0.47	2.1	1.95	1.8	2.56	1.86	3.3	3.39	3.44
Basic EPS, GAAP	- -	- -	- -	0.13	1.43	1.25	1.76	1.8	1.27	2.48	2.56	2.61
Basic EPS from Cont Ops	- -	- -	- -	0.14	1.45	1.27	1.77	1.81	1.29	2.52	2.6	2.65
Diluted EPS, GAAP	- -	- -	- -	0.13	1.43	1.24	1.75	1.76	1.27	2.47	2.56	2.61
Diluted EPS from Cont Ops	- -	- -	- -	0.14	1.45	1.26	1.75	1.77	1.29	2.51	2.6	2.65
Dividend per Share	- -	- -	- -	- -	0.72	1.16	1.21	1.34	1.39	1.56	1.67	1.75
Cash Flow per Share	0.01	0.01	0.01	0.4	1.37	1.57	1.75	1.59	2.21	2.15	2.28	2.36
Free Cash Flow per Basic Share	0.01	0.01	0.01	0.4	1.37	1.56	1.74	1.58	2.21	2.15	2.27	2.36
Cash & Equivalents per Share	- -	- -	- -	0.61	2.71	2.52	0.63	1.18	0.44	0.5	0.5	0.57
Book Value per Share	- -	0.35	0.34	15.62	16.84	17.28	17.54	19.25	22.77	24.22	25.12	26.01
Tangible Book Value per Share	- -	0.35	0.34	15.62	16.84	17.28	17.54	19.25	22.77	24.22	25.12	26.01