Aureus
AExcellent

VICI Properties Inc.(VICI)

A

Financial data as of Dec 31, 2024Stable · Real Estate

FCF Margin61.7%Free Cash Flow / Revenue
Cash Conversion88.9%Operating CF / Net Income
Free Cash Flow$2.4B
Revenue$3.8B
Net Cash-$17.1BNet debt position
Debt / FCF7.4xElevated debt burden
Current Ratio27.92Adequate short-term liquidity
YoY FCF Growth+1.5%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
-1High debt-to-FCF ratio (7.4x)
→
+0.5Healthy FCF margin with manageable debt (61.7%, 7.4x)
→
+0.5Highly consistent quarterly FCF
→
FinalA

Analysis Summary

Strengths

  • Exceptional FCF margin (61.7%)
  • Strong liquidity (current ratio: 27.92)
  • Highly consistent quarterly FCF

Concerns

  • Heavy debt position ($17.1B)
  • High debt-to-FCF ratio (7.4x)

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin61.7%
Net Margin69.6%
Operating CF Margin61.9%
CapEx Ratio0.2%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$17.1BNet debt position
Debt / FCF7.4xElevated debt burden
Current Ratio27.92Strong liquidity
Debt / Equity0.67Low leverage

Quarterly FCF Trend

+1.5% YoYStable (+1.5%)

Free cash flow per quarter

Sector Comparison — Real Estate

FCF Margin ranked against sector peers

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Detailed Metrics

Company NameVICI Properties Inc.
SectorReal Estate
Free Cash Flow$2.4B
Revenue$3.8B
Net Income$2.7B
Operating Cash Flow$2.4B
Capital Expenditure$7.5M
FCF Margin61.7%
Cash Conversion Rate88.9%
Net Margin69.6%
Total Debt$17.7B
Total Cash$524.6M
Net Cash-$17.1B
Current Ratio27.92
Debt / Equity0.67
Debt / FCF7.4x
YoY FCF Growth+1.5%
Positive Quarters5 of 5
Trend DirectionStable
Report DateDec 31, 2024
GradeA
Data SourceYahoo Finance

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