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 9y
O +13.5%VICI +53.7%VICI compounded faster
50100150200Start $1002019202120232025$113$154
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 11

It depends on what you're optimizing for:

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

Valuation

MetricOVICI
P/E ratio51.419.77
Forward P/E34.959.71
P/S ratio9.597.53
P/B ratio1.451.08
PEG ratio2.495.51
EV / EBITDA20.5011.94

Profitability

MetricOVICI
Gross margin68.62%99.22%
Operating margin29.27%98.67%
Net margin18.94%76.69%
ROE2.86%11.01%
ROIC24.52%7.92%

Dividends

MetricOVICI
Dividend yield5.16%6.25%
Payout ratio276.67%68.30%

Growth (annualized)

MetricOVICI
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.

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.