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Ryman Hospitality Properties vs Vici Properties

Vici Properties is the larger business, with $4.01bn of revenue in fiscal 2025 against $2.58bn for Ryman Hospitality Properties (1.6 times as much). Ryman Hospitality Properties grew faster (10.2% against 4.1%). Vici Properties kept more of each dollar of sales as profit: a net margin of 69.3% against 9.4%. Vici Properties carries less debt relative to equity (61.5% against 538.6%).

Latest fiscal yearRyman Hospitality PropertiesRHP, 2025Vici PropertiesVICI, 2025
Revenue $2.58bn $4.01bn
Revenue growth 10.2% 4.1%
Net income $243m $2.78bn
Operating margin 18.9% —
Net margin 9.4% 69.3%
Return on equity 37.5% 10.2%
Free cash flow $232m $2.51bn
Cash $471m $563m
Total debt $4.04bn $17.09bn
Debt to equity 538.6% 61.5%
Dividend per share $4.65 $1.76
Dividend yield 3.2% 7.0%
Share buybacks — —
Employees 1,819 28
Market value $8.57bn $26.95bn
Price vs our value range — —
Moat score 41 (Weak) 74 (Strong)
Insider trades, 12 months 2 buys, 0 sales 0 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.