SBA Communications Corporation (SBAC) vs VICI Properties Inc. (VICI)
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 July 30, 2026. Differences are shown without an overall score or investment verdict.
SBAC
SBA Communications Corporation
$181.34Real EstateDelayed quote: Jul 30, 2026, 11:00 AM EDT
VICI
VICI Properties Inc.
$26.30Real EstateDelayed quote: Jul 30, 2026, 11:00 AM EDT
Total return — SBAC vs VICI
growth of $100 · dividends reinvested · last 9ySBAC +35.4%VICI +130.6%VICI compounded faster
SBAC VICI
SBAC vs VICI: by the numbers
- •VICI is the larger company ($28.11B vs $19.23B market cap).
- •VICI trades at the lower trailing earnings multiple (10.52 vs 19.59 P/E), one valuation lens rather than an overall verdict.
- •VICI converts more revenue to profit (67.37% vs 35.66% net margin).
- •VICI grew revenue faster over the past five years (22.92% vs 6.18% CAGR).
- •VICI pays the higher dividend yield (6.63% vs 2.53%).
Metrics side by side
Valuation
| Metric | SBAC | VICI |
|---|---|---|
| P/E ratio | 19.59 | 10.52 |
| Forward P/E | 25.08 | 9.20 |
| P/S ratio | 6.93 | 7.20 |
| P/B ratio | N/A | 1.01 |
| PEG ratio | 0.48 | 5.52 |
| EV / EBITDA | 19.92 | 10.12 |
Profitability
| Metric | SBAC | VICI |
|---|---|---|
| Gross margin | 41.61% | 99.15% |
| Operating margin | 47.63% | 91.05% |
| Net margin | 35.66% | 67.37% |
| ROE | -21.71% | 9.48% |
| ROIC | 11.03% | 10.00% |
Dividends
| Metric | SBAC | VICI |
|---|---|---|
| Dividend yield | 2.53% | 6.63% |
| Payout ratio | 48.02% | 68.97% |
Growth (annualized)
| Metric | SBAC | VICI |
|---|---|---|
| Revenue CAGR (5Y) | 6.18% | 22.92% |
| EPS CAGR (5Y) | 113.83% | 8.20% |
| Total return CAGR (5Y) | -9.84% | 2.80% |
Frequently asked
- Which has the lower trailing P/E, SBAC or VICI?
- VICI has the lower trailing P/E: SBAC trades at 19.59 and VICI at 10.52. P/E is one valuation measure and does not by itself establish which business is cheaper.
- 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 22.92%.
- Does SBAC or VICI pay a bigger dividend?
- SBAC yields 2.53% and VICI yields 6.63% 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 67.37%.
- How have SBAC and VICI total returns compared?
- Over the past 5 years, SBAC delivered 5.92% and VICI delivered 2.80% annualized total return. 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 July 30, 2026.