VICINEUTRAL

VICI Gross Margin Analysis

99.4%

Higher than 100% of Real Estate sector peers

Updated 166h ago·SEC filings & market data

Key Takeaway

Gross margin, which measures the percentage of revenue remaining after direct costs like property expenses, stands at 99.4% for VICI.

Sector Performance

100th percentile

VICI

99.4%

Sector Median

72.5%

Sector Avg

70.2%

Prior Period

99.2%(May 2026)

→ Stable

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Deep Analysis

Gross margin, which measures the percentage of revenue remaining after direct costs like property expenses, stands at 99.4% for VICI.

This is far above the Real Estate sector median of 72.5%, placing the company in the 100th percentile among its peers. The year-over-year change is not available, while the quarter-over-quarter change shows a +0.2% improvement. The combination of an already extreme margin level and a slight upward trend suggests limited upside risk from margin compression but also limited room for further expansion. This metric supports the overall NEUTRAL verdict because the exceptional margin is already priced into expectations and does not signal a catalyst for a change in rating.

Frequently Asked Questions

What does the Gross Margin tell investors about VICI?

Gross margin reveals pricing power and cost structure. Software companies often sustain 70–80%; manufacturers typically 30–50%. Expansion is a bullish signal.

How is the Gross Margin calculated?

Gross Margin is calculated as: Gross Profit / Revenue.

How does VICI's Gross Margin compare to its sector?

VICI's Gross Margin of 99.4% compares to a Real Estate sector median of 72.5%, placing it in the 100th percentile.

Who are VICI's closest peers by Gross Margin?

The closest Real Estate peers by Gross Margin include: FR (72.5%), PSA (72.1%), AMT (73.9%), TRNO (74.4%), REG (69.8%).

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Learn More About Gross Margin

Gross Margin vs Net Margin: Why the Gap Between Them Tells You Everything

Gross margin vs net margin: learn what the spread between them reveals about operating leverage, cost structure, and early warning signs in any stock.

The Formula

Gross Profit / Revenue

Why It Matters

Gross margin reveals pricing power and cost structure. Software companies often sustain 70–80%; manufacturers typically 30–50%. Expansion is a bullish signal.