SBA Communications Corporation (SBAC) vs VICI Properties Inc. (VICI)
VICI leads on 12 of 15 compared metrics.
A side-by-side comparison of SBA Communications Corporation and VICI Properties Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
SBAC
SBA Communications Corporation
$204.79Real Estate
VICI
VICI Properties Inc.
$28.52Real Estate
Total return — SBAC vs VICI
growth of $100 · last 9ySBAC +38.9%VICI +54.2%VICI compounded faster
SBAC VICI
SBAC vs VICI: by the numbers
- •VICI is the larger company ($30.71B vs $21.72B market cap).
- •VICI trades at the lower earnings multiple (9.77 vs 21.53 P/E).
- •VICI converts more revenue to profit (76.69% vs 35.66% net margin).
- •VICI grew revenue faster over the past five years (24.66% vs 6.18% CAGR).
- •VICI pays the higher dividend yield (6.25% vs 2.30%).
Which is better, SBAC or VICI?
Metric tally: SBAC 3 · VICI 12It depends on what you're optimizing for:
ValueVICI(lower P/E)
GrowthVICI(faster 5Y revenue CAGR)
IncomeVICI(higher dividend yield)
QualitySBAC(higher ROIC)
Valuation
| Metric | SBAC | VICI |
|---|---|---|
| P/E ratio | 21.53 | 9.77● |
| Forward P/E | 24.39 | 9.71● |
| P/S ratio | 7.61 | 7.53 |
| P/B ratio | — | 1.08 |
| PEG ratio | 0.48● | 5.51 |
| EV / EBITDA | 17.49 | 11.94● |
| FCF yield | 4.69% | 8.37%● |
Profitability
| Metric | SBAC | VICI |
|---|---|---|
| Gross margin | 63.62% | 99.22%● |
| Operating margin | 47.63% | 98.67%● |
| Net margin | 35.66% | 76.69%● |
| ROE | -21.71% | 11.01%● |
| ROIC | 10.05%● | 7.92% |
Dividends
| Metric | SBAC | VICI |
|---|---|---|
| Dividend yield | 2.30% | 6.25%● |
| Payout ratio | 48.02% | 68.30% |
Growth (annualized)
| Metric | SBAC | VICI |
|---|---|---|
| Revenue CAGR (5Y) | 6.18% | 24.66%● |
| EPS CAGR (5Y) | 113.83%● | 8.20% |
| FCF CAGR (5Y) | -0.03% | 23.10%● |
| Total return CAGR (5Y) | -6.93% | 2.53%● |
Frequently asked
- Which is better, SBAC or VICI?
- It depends on your goal. value: VICI (lower P/E); growth: VICI (faster 5Y revenue CAGR); income: VICI (higher dividend yield); quality: SBAC (higher ROIC). Across all compared metrics, VICI leads 12 to 3.
- Is SBAC or VICI cheaper?
- On trailing earnings, VICI is cheaper: SBAC trades at a 21.53 P/E and VICI at 9.77.
- Which has grown faster, SBAC or VICI?
- Over the past five years, VICI grew revenue faster — SBAC at a 6.18% CAGR versus VICI at 24.66%.
- Does SBAC or VICI pay a bigger dividend?
- SBAC yields 2.30% and VICI yields 6.25% based on trailing dividends and the latest price.
- Is SBAC or VICI more profitable?
- VICI runs the higher net margin — SBAC at 35.66% versus VICI at 76.69%.
- Which has been the better investment, SBAC or VICI?
- Over the past 5-year, SBAC delivered the higher annualized total return — SBAC at 8.32% versus VICI at 2.53%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
SBA Communications P/E ratioVICI Properties P/E ratioSBA Communications dividend yieldVICI Properties dividend yieldSBA Communications ROEVICI Properties ROESBA Communications operating marginVICI Properties operating marginSBA Communications revenue growthVICI Properties revenue growthSBA Communications free cash flowVICI Properties free cash flow
SBA Communications & 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 13, 2026.