VICI vs MGM Comparison: AI Score, Valuation, Performance and Upside
Compare VICI Properties and MGM Resorts by landlord vs operator economics, Las Vegas strip revenue per room, Macau regulatory exposure, dividend vs capital deployment, and which casino real estate model offers better risk-adjusted returns.
Use this VICI Properties vs MGM Resorts comparison to evaluate the key differences across valuation, growth, profitability, and risk before making an investment decision.
VICI holds the edge across 3 of 5 key metrics in this comparison. MGM has delivered stronger 1-year price return (+21.90% vs -19.99%), though VICI has the better forward P/E setup (9.16x vs 20.60x for MGM). On fundamentals, MGM is growing revenue faster (4.20%), while VICI maintains the higher operating margin (107.49%) — a classic growth-versus-profitability split. Analyst consensus implies meaningfully more upside for VICI (+24.21%) than for MGM (+6.74%).
| Metric | VICI | MGM |
|---|---|---|
| AI score | 33.8 | 38.8 |
| AI rank | #1873 | #1278 |
| Latest close | $26.73 | $45.54 |
| 1M return | +0.04% | -3.29% |
| 6M return | -6.34% | +33.82% |
| 1Y return | -19.99% | +21.90% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | VICI | MGM |
|---|---|---|
| 1Y ago | $8.01K (-19.9%) started 2025-07-25 | $11.85K (+18.5%) started 2025-07-25 |
| 5Y ago | $12.75K (+27.5%) started 2021-07-26 | $11.63K (+16.3%) started 2021-07-26 |
| 10Y ago | $30.74K (+207.4%) started 2018-01-02 | $21.95K (+119.5%) started 2016-07-25 |
Hypothetical — past performance does not guarantee future results.
| Metric | VICI | MGM |
|---|---|---|
| Market cap | $29.59B | $11.8B |
| Trailing P/E | 9.20 | 63.19 |
| Forward P/E | 9.16 | 20.60 |
| Price/Sales | 8.57 | N/A |
| EV/Revenue | 11.48 | 2.37 |
| Analyst target | $33.38 | $49.24 |
| Target upside | +24.21% | +6.74% |
| Metric | VICI | MGM |
|---|---|---|
| Revenue growth | 3.50% | 4.20% |
| Earnings growth | 60.10% | -5.90% |
| EPS growth | +60.10% | -5.90% |
| FCF margin | +31.81% | +2.98% |
| Operating margin | 107.49% | 6.86% |
| Profit margin | 76.83% | 1.03% |
| ROIC proxy | 11.33% | 13.49% |
| Return on equity | 11.33% | 13.49% |
| Dividend yield | 6.70% | N/A |
| Beta | 0.68 | 1.29 |
| Debt/equity | 61.85 | 951.19 |
| Current ratio | 11.12 | 1.33 |
| Quick ratio | 11.12 | 1.10 |
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | VICI | MGM |
|---|---|---|---|
| 1Y | Growth | -19.92% | +18.47% |
| CAGR | -19.98% | +18.53% | |
| Sharpe ratio | -1.38 | 0.51 | |
| Max drawdown | 23.58% | 22.76% | |
| Max daily drop | 4.11% | 6.90% | |
| Max wkly drop | 8.52% | 9.96% | |
| 5Y | Growth | +2.95% | +16.26% |
| CAGR | +0.58% | +3.06% | |
| Sharpe ratio | -0.08 | 0.16 | |
| Max drawdown | 23.58% | 49.33% | |
| Max daily drop | 5.89% | 13.22% | |
| Max wkly drop | 12.39% | 20.36% | |
| 10Y | Growth | +94.44% | +106.76% |
| CAGR | +8.08% | +7.54% | |
| Sharpe ratio | 0.26 | 0.29 | |
| Max drawdown | 60.21% | 80.42% | |
| Max daily drop | 28.64% | 33.61% | |
| Max wkly drop | 45.68% | 60.51% |
| Category | VICI | MGM |
|---|---|---|
| Company | VICI | MGM |
| Sector | Real Estate | Consumer Cyclical |
| Industry | REIT - Diversified | N/A |
| Core business | N/A | N/A |
| Investor focus | N/A | N/A |
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