American Tower Corporation (AMT) vs VICI Properties Inc. (VICI)
VICI leads on 13 of 15 compared metrics.
A side-by-side comparison of American Tower Corporation and VICI Properties Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 14, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
AMT
American Tower Corporation
$187.18Real Estate
VICI
VICI Properties Inc.
$28.52Real Estate
Total return — AMT vs VICI
growth of $100 · last 9yAMT +34.5%VICI +53.7%VICI compounded faster
AMT VICI
AMT vs VICI: by the numbers
- •AMT is the larger company ($87.21B vs $30.71B market cap).
- •VICI trades at the lower earnings multiple (9.77 vs 30.24 P/E).
- •VICI converts more revenue to profit (76.69% vs 26.60% net margin).
- •VICI grew revenue faster over the past five years (24.66% vs 5.68% CAGR).
- •VICI pays the higher dividend yield (6.25% vs 2.77%).
Which is better, AMT or VICI?
Metric tally: AMT 2 · VICI 13It depends on what you're optimizing for:
ValueVICI(lower P/E)
GrowthVICI(faster 5Y revenue CAGR)
IncomeVICI(higher dividend yield)
QualityVICI(higher ROIC)
Valuation
| Metric | AMT | VICI |
|---|---|---|
| P/E ratio | 30.24 | 9.77● |
| Forward P/E | 27.63 | 9.71● |
| P/S ratio | 8.08 | 7.53● |
| P/B ratio | 23.92 | 1.08● |
| PEG ratio | 2.76● | 5.51 |
| EV / EBITDA | 19.11 | 11.94● |
Profitability
| Metric | AMT | VICI |
|---|---|---|
| Gross margin | 73.37% | 99.22%● |
| Operating margin | 44.24% | 98.67%● |
| Net margin | 26.60% | 76.69%● |
| ROE | 78.79%● | 11.01% |
| ROIC | 6.67% | 7.92%● |
Dividends
| Metric | AMT | VICI |
|---|---|---|
| Dividend yield | 2.77% | 6.25%● |
| Payout ratio | 96.11% | 68.30% |
Growth (annualized)
| Metric | AMT | VICI |
|---|---|---|
| Revenue CAGR (5Y) | 5.68% | 24.66%● |
| EPS CAGR (5Y) | 7.23% | 8.20%● |
| Total return CAGR (5Y) | -4.09% | 2.53%● |
Frequently asked
- Which is better, AMT or VICI?
- It depends on your goal. value: VICI (lower P/E); growth: VICI (faster 5Y revenue CAGR); income: VICI (higher dividend yield); quality: VICI (higher ROIC). Across all compared metrics, VICI leads 13 to 2.
- Is AMT or VICI cheaper?
- On trailing earnings, VICI is cheaper: AMT trades at a 30.24 P/E and VICI at 9.77.
- Which has grown faster, AMT or VICI?
- Over the past five years, VICI grew revenue faster — AMT at a 5.68% CAGR versus VICI at 24.66%.
- Does AMT or VICI pay a bigger dividend?
- AMT yields 2.77% and VICI yields 6.25% based on trailing dividends and the latest price.
- Is AMT or VICI more profitable?
- VICI runs the higher net margin — AMT at 26.60% versus VICI at 76.69%.
- Which has been the better investment, AMT or VICI?
- Over the past 5-year, AMT delivered the higher annualized total return — AMT at 8.24% versus VICI at 2.53%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
American Tower P/E ratioVICI Properties P/E ratioAmerican Tower dividend yieldVICI Properties dividend yieldAmerican Tower ROEVICI Properties ROEAmerican Tower operating marginVICI Properties operating marginAmerican Tower revenue growthVICI Properties revenue growthAmerican Tower free cash flowVICI Properties free cash flow
American Tower & VICI Properties appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 14, 2026.