VICI Properties Inc. (VICI) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$24.52 +4.25% NYSE • Public Delayed / 60s Snapshot

VICI Properties Inc. (VICI) carries a Roarable Rating of C+ (Hold) with 68/100 RQD Confidence. The underlying business is intact, so current owners don’t need to panic-sell—but mixed big-money flow or rich pricing means new buyers can afford to wait for either a pullback or a B-or-higher upgrade.

ROARABLE C+ • HOLD / WATCH Cap $27.00B
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
RQD QUANT TACHOMETERHOLD / WATCH • C+
025507510068
JEV AI Jury Split (Battleground)
Cash
SEC
Whale
5-PILLAR SNOWFLAKE RADARRw D+ · Rk A-
Cash (13)Whales (10)SEC (16)Macro (17)CEO (12)
Each axis scored 0–20
12M PRICE TARGET CONE+4.5% Base Target
$32 Bull$26 Base$20 Bear
🔴 SUNDAY NIGHT PREP • 7:00 PM ET
WHALE OPTIONS TUG-OF-WAR:65% Call Buyers ($3.2M)
35% PutsMax Pain: $24.00
VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How VICI Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$2.33B (58.2% FCF Margin)
Revenue$4.01BGross Profit $3.98B (99.3%)Cost of Sales $26.7MOp Profit $3.28B (81.8%)OpEx (R&D/SG&A) $704.3MNet Profit$2.78B (69.3%)Tax/Other $499.6M

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow
FY23
Rev $3.61B
FY24
Rev $3.85B
FY25
Rev $4.01B
Fiscal YearRevenueGross MarginOp MarginNet ProfitFree Cash FlowROIC %
FY 2025$4.01B99.3%81.8%$2.78B$2.33B7.3%
FY 2024$3.85B99.3%82.1%$2.68B$2.21B7.3%
FY 2023$3.61B44%82.1%$2.51B$2.02B26.1%
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Red-Light Warning Desk: How Pros Profit When Overhyped Stocks Crack (Featuring VICI)

  • ✓Live walkthrough of VICI's RQD Radar, SEC cash-conversion gap & downside levels
  • ✓3 asymmetric Bear/Hedge setups institutions use when 10-year yields stay elevated
  • ✓Includes instant 24/7 email alert whenever any of your stocks flip to Red
RQD INSIDER CLUB UPGRADE$49/YEAR
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VICI // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -16.23%▼ DESCENDING CHANNEL
2026-10-30O $24.82H $24.82L $24.18C $24.46VOL 11.86M
RES: $25.65SUP: $21.00SMA50: $24.15SMA200: $26.96
$30.63$28.40$26.18$23.95$21.73RES $25.65SUP $21.00$24.462026-04-302026-06-152026-07-312026-09-162026-10-30
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

VICI Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)
-1.8%/yr Implied 5Y Growth

vs. +4.1% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on VICI today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for VICI. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for VICI today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

VICI Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

How profitable is VICI Properties Inc. (VICI)?

In FY 2025 (10-K), VICI converted $4.0B of revenue into a 99.3% gross margin, 81.8% operating margin, and $2.3B in free cash flow (58.2% FCF margin).