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).

Total return — AMT vs VICI

growth of $100 · last 9y
AMT +34.5%VICI +53.7%VICI compounded faster
50100150200Start $1002019202120232025$135$154
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 13

It depends on what you're optimizing for:

ValueVICI(lower P/E)
GrowthVICI(faster 5Y revenue CAGR)
IncomeVICI(higher dividend yield)
QualityVICI(higher ROIC)

Valuation

MetricAMTVICI
P/E ratio30.249.77
Forward P/E27.639.71
P/S ratio8.087.53
P/B ratio23.921.08
PEG ratio2.765.51
EV / EBITDA19.1111.94

Profitability

MetricAMTVICI
Gross margin73.37%99.22%
Operating margin44.24%98.67%
Net margin26.60%76.69%
ROE78.79%11.01%
ROIC6.67%7.92%

Dividends

MetricAMTVICI
Dividend yield2.77%6.25%
Payout ratio96.11%68.30%

Growth (annualized)

MetricAMTVICI
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.

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.