Park Hotels & Resorts vs Vici Properties
Add, change or remove companies; up to four.
KIRA’s take AI analyst
I put Park Hotels & Resorts and Vici Properties side by side, using each one’s latest annual report. Here is what stands out:
- Vici Properties is the larger business, with $4.0B of revenue in fiscal 2025 against $2.5B for Park Hotels & Resorts, about 1.6 times as much.
- Vici Properties grew revenue faster (4.1%, against −2.2%).
- Vici Properties turned more of its sales into free cash flow (62.6% FCF margin, against 4.0%).
- Vici Properties earned a higher return on the capital invested in it (8.2%, against −0.4%).
Who comes out ahead
Of the 8 measures where higher (or lower) is clearly better, how many each company leads.
Park Hotels & Resorts
PK
1/8
Share count change
Vici Properties
VICI
7/8
Revenue growth5-year growthNet marginFCF marginReturn on capitalReturn on equityNet debt / EBITDA
Side by side
Best in the row
| Latest fiscal year | PK FY25 | VICI FY25 |
|---|---|---|
| Size | ||
| Market cap | $3.3B | $26.2B |
| Revenue | $2.5B | $4.0B |
| Free cash flow | $102M | $2.5B |
| Net income | −$283M | $2.8B |
| Growth | ||
| Revenue growth | −2.2% | 4.1% |
| 5-year growth | 24.4% | 26.7% |
| Share count change | −4.8% | 1.4% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | −1.3% | — |
| Net margin | −11.1% | 69.3% |
| FCF margin | 4.0% | 62.6% |
| Return on capital | −0.4% | 8.2% |
| Return on equity | −8.4% | 10.2% |
| Balance sheet | ||
| Net debt | $3.6B | $17.0B |
| Net debt / EBITDA | 12.0x | 4.6x |
| Dividends and buybacks | $325M | $1.9B |
| Valuation & quality | ||
| P/E | — | 9.3x |
| Piotroski F-score | — | — |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
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.

