Realty Income Corporation (O) vs VICI Properties Inc. (VICI)
VICI leads on 11 of 15 compared metrics.
A side-by-side comparison of Realty Income 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 — O vs VICI
growth of $100 · last 9yO +13.5%VICI +53.7%VICI compounded faster
O VICI
O vs VICI: by the numbers
- •O is the larger company ($58.49B vs $30.71B market cap).
- •VICI trades at the lower earnings multiple (9.77 vs 51.41 P/E).
- •VICI converts more revenue to profit (76.69% vs 18.94% net margin).
- •O grew revenue faster over the past five years (28.65% vs 24.66% CAGR).
- •VICI pays the higher dividend yield (6.25% vs 5.16%).
Which is better, O or VICI?
Metric tally: O 4 · VICI 11It depends on what you're optimizing for:
ValueVICI(lower P/E)
GrowthO(faster 5Y revenue CAGR)
IncomeVICI(higher dividend yield)
QualityO(higher ROIC)
Valuation
| Metric | O | VICI |
|---|---|---|
| P/E ratio | 51.41 | 9.77● |
| Forward P/E | 34.95 | 9.71● |
| P/S ratio | 9.59 | 7.53● |
| P/B ratio | 1.45 | 1.08● |
| PEG ratio | 2.49● | 5.51 |
| EV / EBITDA | 20.50 | 11.94● |
Profitability
| Metric | O | VICI |
|---|---|---|
| Gross margin | 68.62% | 99.22%● |
| Operating margin | 29.27% | 98.67%● |
| Net margin | 18.94% | 76.69%● |
| ROE | 2.86% | 11.01%● |
| ROIC | 24.52%● | 7.92% |
Dividends
| Metric | O | VICI |
|---|---|---|
| Dividend yield | 5.16% | 6.25%● |
| Payout ratio | 276.67% | 68.30% |
Growth (annualized)
| Metric | O | VICI |
|---|---|---|
| Revenue CAGR (5Y) | 28.65%● | 24.66% |
| EPS CAGR (5Y) | 0.35% | 8.20%● |
| Total return CAGR (5Y) | 3.50%● | 2.53% |
Frequently asked
- Which is better, O or VICI?
- It depends on your goal. value: VICI (lower P/E); growth: O (faster 5Y revenue CAGR); income: VICI (higher dividend yield); quality: O (higher ROIC). Across all compared metrics, VICI leads 11 to 4.
- Is O or VICI cheaper?
- On trailing earnings, VICI is cheaper: O trades at a 51.41 P/E and VICI at 9.77.
- Which has grown faster, O or VICI?
- Over the past five years, O grew revenue faster — O at a 28.65% CAGR versus VICI at 24.66%.
- Does O or VICI pay a bigger dividend?
- O yields 5.16% and VICI yields 6.25% based on trailing dividends and the latest price.
- Is O or VICI more profitable?
- VICI runs the higher net margin — O at 18.94% versus VICI at 76.69%.
- Which has been the better investment, O or VICI?
- Over the past 5-year, O delivered the higher annualized total return — O at 4.90% versus VICI at 2.53%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Realty Income P/E ratioVICI Properties P/E ratioRealty Income dividend yieldVICI Properties dividend yieldRealty Income ROEVICI Properties ROERealty Income operating marginVICI Properties operating marginRealty Income revenue growthVICI Properties revenue growthRealty Income free cash flowVICI Properties free cash flow
Realty Income & 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.