The Filing Desk

Ryman Hospitality Properties vs Vici Properties

Ryman Hospitality Properties RHP · Vici Properties VICI · Hotel & Resort REITs

Vici Properties reported revenue of $4.0 billion in fiscal 2025, 1.6 times Ryman Hospitality Properties' $2.6 billion in fiscal 2025. Ryman Hospitality Properties' revenue grew 10.2% in its latest year, and Vici Properties' grew 4.1%. Free cash flow was $232 million at Ryman Hospitality Properties and $2.5 billion at Vici Properties.

Side by side

Ryman Hospitality PropertiesVici Properties
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$2.6B$4.0B
Revenue growth10.2%4.1%
Revenue growth a year, last 5 years37.5%26.7%
Gross margin44.1%—
Operating margin18.9%—
Net margin9.4%69.3%
Free cash flow$232M$2.5B
Free cash flow margin9.0%62.6%
Return on capital—8.2%
Net debt to EBITDA—4.6x
Dividends and buybacks$286M$1.9B
Change in diluted share count3.6%1.4%
Last close$132.27$24.02
P/E at the last close32.3×9.3×
Insider trades, last 12 monthsbought $1.6 million, sold $0—
Piotroski F-score——
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Ryman Hospitality PropertiesVici Properties
Operating margin
Percent of revenue
Ryman Hospitality PropertiesVici Properties
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Ryman Hospitality PropertiesVici Properties

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Ryman Hospitality Properties and Vici Properties pages.