Texas Pacific Land Corporation (TPL) vs VICI Properties Inc. (VICI)
A side-by-side comparison of Texas Pacific Land Corporation and VICI Properties Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 28, 2026. Differences are shown without an overall score or investment verdict.
Different business models: TPL is classified in Energy; VICI is classified in Real Estate. Margin, capital intensity, and valuation differences should be interpreted in that sector context.
TPL
Texas Pacific Land Corporation
$389.42EnergyDelayed quote: Jul 28, 2026, 4:00 PM EDT
VICI
VICI Properties Inc.
$27.10Real EstateDelayed quote: Jul 28, 2026, 4:02 PM EDT
Total return — TPL vs VICI
growth of $100 · dividends reinvested · last 9yTPL +822.0%VICI +127.4%TPL compounded faster
TPL VICI
TPL vs VICI: by the numbers
- •VICI is the larger company ($28.97B vs $26.86B market cap).
- •VICI trades at the lower trailing earnings multiple (9.16 vs 54.38 P/E), one valuation lens rather than an overall verdict.
- •VICI converts more revenue to profit (76.69% vs 60.03% net margin).
- •VICI grew revenue faster over the past five years (24.66% vs 23.67% CAGR).
- •VICI pays the higher dividend yield (6.73% vs 0.48%).
Metrics side by side
Valuation
| Metric | TPL | VICI |
|---|---|---|
| P/E ratio | 54.38 | 9.16 |
| Forward P/E | 45.81 | 9.08 |
| P/S ratio | 32.62 | 7.06 |
| P/B ratio | 17.59 | 1.01 |
| PEG ratio | 6.83 | 5.52 |
| EV / EBITDA | 39.39 | 11.46 |
| FCF yield | 1.80% | N/A |
Profitability
| Metric | TPL | VICI |
|---|---|---|
| Gross margin | 85.46% | 99.22% |
| Operating margin | 74.42% | 98.67% |
| Net margin | 60.03% | 76.69% |
| ROE | 32.37% | 11.01% |
| ROIC | 30.12% | 8.77% |
Dividends
| Metric | TPL | VICI |
|---|---|---|
| Dividend yield | 0.48% | 6.73% |
| Payout ratio | 27.38% | 68.97% |
Growth (annualized)
| Metric | TPL | VICI |
|---|---|---|
| Revenue CAGR (5Y) | 23.67% | 24.66% |
| EPS CAGR (5Y) | 22.57% | 8.20% |
| FCF CAGR (5Y) | 18.77% | N/A |
| Total return CAGR (5Y) | 20.53% | 2.02% |
Frequently asked
- Which has the lower trailing P/E, TPL or VICI?
- VICI has the lower trailing P/E: TPL trades at 54.38 and VICI at 9.16. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, TPL or VICI?
- Over the past five years, VICI grew revenue faster — TPL at a 23.67% CAGR versus VICI at 24.66%.
- Does TPL or VICI pay a bigger dividend?
- TPL yields 0.48% and VICI yields 6.73% based on trailing dividends and the latest price.
- Is TPL or VICI more profitable?
- VICI runs the higher net margin — TPL at 60.03% versus VICI at 76.69%.
- How have TPL and VICI total returns compared?
- Over the past 5 years, TPL delivered 37.90% and VICI delivered 2.02% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Texas Pacific Land P/E ratioVICI Properties P/E ratioTexas Pacific Land dividend yieldVICI Properties dividend yieldTexas Pacific Land ROEVICI Properties ROETexas Pacific Land operating marginVICI Properties operating marginTexas Pacific Land revenue growthVICI Properties revenue growthTexas Pacific Land free cash flowVICI Properties free cash flow
Texas Pacific Land & 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 28, 2026.