VICIVici Properties

$22.88-25% 1Y

Is the business good?

Mixed

The checks split: margins steady and returns not propped up by debt.

2 neutral, 2 without data
Margin direction, 3 years−0.2 pts

Negative operating leverage, costs are rising faster than sales, squeezing margins as it grows.

Where ROE comes from6% ROA

Margin-driven, fat margins on slower asset turns. ROE 10% = margin × turnover × leverage.

All from derived.

Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.