BXP
BXP · Office REITs
$62.10
1.0%Vici Properties
VICI · Hotel & Resort REITs
$23.76
1.1%The short version
- Vici Properties is the larger business, with $4.0B of revenue in fiscal 2025 against $3.5B for BXP.
- Vici Properties grew revenue faster (4.1%, against 2.2%).
- Investors pay more for each dollar of BXP’s earnings: a P/E of 33.4x against 9.3x for Vici Properties.
| Latest fiscal year | BXP · FY25 | VICI · FY25 |
|---|---|---|
| Size | ||
| Market cap | $9.9B | $25.9B |
| Revenue | $3.5B | $4.0B |
| Free cash flow | — | $2.5B |
| Net income | $277M | $2.8B |
| Growth | ||
| Revenue growth | 2.2% | 4.1% |
| 5-year growth | 4.7% | 26.7% |
| Share count change | 0.7% | 1.4% |
| Profitability | ||
| Gross margin | 59.1% | — |
| Operating margin | — | — |
| Net margin | 8.0% | 69.3% |
| FCF margin | — | 62.6% |
| Return on capital | — | 8.2% |
| Return on equity | 5.2% | 10.2% |
| Balance sheet | ||
| Net debt | — | $17.0B |
| Net debt / EBITDA | — | 4.6x |
| Dividends and buybacks | $643M | $1.9B |
| Valuation & quality | ||
| P/E | 33.4x | 9.3x |
| Piotroski F-score | — | — |
FY16
BXP $2.6B
VICI —
FY17
BXP $2.6B
VICI —
FY18
BXP $2.7B
VICI $898M
FY19
BXP $3.0B
VICI $895M
FY20
BXP $2.8B
VICI $1.2B
FY21
BXP $2.9B
VICI $1.5B
FY22
BXP $3.1B
VICI $2.6B
FY23
BXP $3.3B
VICI $3.6B
FY24
BXP $3.4B
VICI $3.8B
FY25
BXP $3.5B
VICI $4.0B
BXP
VICI
FY16
BXP 32.4%
VICI —
FY17
BXP 34.9%
VICI —
FY18
BXP —
VICI 15.6%
FY19
BXP —
VICI 5.8%
FY20
BXP —
VICI 26.2%
FY21
BXP —
VICI —
FY22
BXP —
VICI —
FY23
BXP —
VICI —
FY24
BXP —
VICI —
FY25
BXP —
VICI —
BXP
VICI
FY16
BXP —
VICI —
FY17
BXP —
VICI —
FY18
BXP —
VICI $503M
FY19
BXP —
VICI $679M
FY20
BXP —
VICI $881M
FY21
BXP —
VICI $894M
FY22
BXP —
VICI $1.9B
FY23
BXP —
VICI $2.2B
FY24
BXP —
VICI $2.4B
FY25
BXP —
VICI $2.5B
BXP
VICI
FY16
BXP —
VICI —
FY17
BXP —
VICI —
FY18
BXP —
VICI —
FY19
BXP —
VICI 0.5%
FY20
BXP —
VICI 2.3%
FY21
BXP —
VICI 8.7%
FY22
BXP —
VICI 6.3%
FY23
BXP —
VICI 8.6%
FY24
BXP —
VICI 8.3%
FY25
BXP —
VICI 8.2%
BXP
VICI
Add another company
Compare up to four at once.
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.