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Side-by-side financial comparison of BRUNSWICK CORP (BC) and Vici Properties (VICI). Click either name above to swap in a different company.

BRUNSWICK CORP is the larger business by last-quarter revenue ($1.3B vs $1.0B, roughly 1.3× Vici Properties). Vici Properties runs the higher net margin — 59.7% vs 1.4%, a 58.3% gap on every dollar of revenue. On growth, BRUNSWICK CORP posted the faster year-over-year revenue change (15.5% vs 3.8%). Over the past eight quarters, Vici Properties's revenue compounded faster (3.2% CAGR vs -1.1%).

Brunswick Corporation, formerly known as the Brunswick-Balke-Collender Company, is an American corporation that has been developing, manufacturing and marketing a wide variety of products since 1845. Brunswick has more than 13,000 employees in 24 countries. Brunswick owns a number of brands, including Mercury Marine. In 2024, Brunswick reported sales of US$5.2 billion. Brunswick's global headquarters is in the northern Chicago suburb of Mettawa, Illinois.

Vici Properties Inc. is an American real estate investment trust (REIT) specializing in casino and entertainment properties, based in New York City. It was formed in 2017 as a spin-off from Caesars Entertainment Corporation as part of its bankruptcy reorganization. It owns 54 casinos, hotels, and racetracks, four golf courses, and 38 bowling alleys around the United States and Canada.

BC vs VICI — Head-to-Head

Bigger by revenue
BC
BC
1.3× larger
BC
$1.3B
$1.0B
VICI
Growing faster (revenue YoY)
BC
BC
+11.7% gap
BC
15.5%
3.8%
VICI
Higher net margin
VICI
VICI
58.3% more per $
VICI
59.7%
1.4%
BC
Faster 2-yr revenue CAGR
VICI
VICI
Annualised
VICI
3.2%
-1.1%
BC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BC
BC
VICI
VICI
Revenue
$1.3B
$1.0B
Net Profit
$18.7M
$604.8M
Gross Margin
23.1%
99.3%
Operating Margin
3.1%
60.2%
Net Margin
1.4%
59.7%
Revenue YoY
15.5%
3.8%
Net Profit YoY
122.7%
-1.6%
EPS (diluted)
$0.32
$0.57

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BC
BC
VICI
VICI
Q4 25
$1.3B
$1.0B
Q3 25
$1.4B
$1.0B
Q2 25
$1.4B
$1.0B
Q1 25
$1.2B
$984.2M
Q4 24
$1.2B
$976.1M
Q3 24
$1.3B
$964.7M
Q2 24
$1.4B
$957.0M
Q1 24
$1.4B
$951.5M
Net Profit
BC
BC
VICI
VICI
Q4 25
$18.7M
$604.8M
Q3 25
$-235.5M
$762.0M
Q2 25
$59.3M
$865.1M
Q1 25
$20.2M
$543.6M
Q4 24
$-82.5M
$614.6M
Q3 24
$44.6M
$732.9M
Q2 24
$100.0M
$741.3M
Q1 24
$68.0M
$590.0M
Gross Margin
BC
BC
VICI
VICI
Q4 25
23.1%
99.3%
Q3 25
25.8%
99.3%
Q2 25
25.5%
99.3%
Q1 25
24.9%
99.4%
Q4 24
21.9%
99.3%
Q3 24
26.2%
99.3%
Q2 24
27.1%
99.3%
Q1 24
27.4%
99.3%
Operating Margin
BC
BC
VICI
VICI
Q4 25
3.1%
60.2%
Q3 25
-17.8%
77.2%
Q2 25
7.1%
88.3%
Q1 25
4.6%
55.9%
Q4 24
-4.8%
64.2%
Q3 24
7.7%
77.4%
Q2 24
11.0%
79.0%
Q1 24
8.1%
63.2%
Net Margin
BC
BC
VICI
VICI
Q4 25
1.4%
59.7%
Q3 25
-17.3%
75.6%
Q2 25
4.1%
86.4%
Q1 25
1.7%
55.2%
Q4 24
-7.1%
63.0%
Q3 24
3.5%
76.0%
Q2 24
6.9%
77.5%
Q1 24
5.0%
62.0%
EPS (diluted)
BC
BC
VICI
VICI
Q4 25
$0.32
$0.57
Q3 25
$-3.59
$0.71
Q2 25
$0.89
$0.82
Q1 25
$0.30
$0.51
Q4 24
$-1.21
$0.58
Q3 24
$0.67
$0.70
Q2 24
$1.48
$0.71
Q1 24
$0.99
$0.57

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BC
BC
VICI
VICI
Cash + ST InvestmentsLiquidity on hand
$256.8M
$608.0M
Total DebtLower is stronger
$2.1B
$16.8B
Stockholders' EquityBook value
$1.6B
$27.8B
Total Assets
$5.3B
$46.7B
Debt / EquityLower = less leverage
1.30×
0.60×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BC
BC
VICI
VICI
Q4 25
$256.8M
$608.0M
Q3 25
$297.7M
$507.5M
Q2 25
$315.7M
$233.0M
Q1 25
$286.7M
$334.3M
Q4 24
$269.0M
$524.6M
Q3 24
$284.1M
$355.7M
Q2 24
$494.5M
$347.2M
Q1 24
$548.4M
$514.9M
Total Debt
BC
BC
VICI
VICI
Q4 25
$2.1B
$16.8B
Q3 25
$16.8B
Q2 25
$16.9B
Q1 25
$16.8B
Q4 24
$2.4B
$16.7B
Q3 24
$16.7B
Q2 24
$16.7B
Q1 24
$16.7B
Stockholders' Equity
BC
BC
VICI
VICI
Q4 25
$1.6B
$27.8B
Q3 25
$1.6B
$27.7B
Q2 25
$1.9B
$27.0B
Q1 25
$1.9B
$26.6B
Q4 24
$1.9B
$26.5B
Q3 24
$2.0B
$26.1B
Q2 24
$2.0B
$25.7B
Q1 24
$2.0B
$25.4B
Total Assets
BC
BC
VICI
VICI
Q4 25
$5.3B
$46.7B
Q3 25
$5.4B
$46.5B
Q2 25
$5.8B
$46.1B
Q1 25
$5.9B
$45.5B
Q4 24
$5.7B
$45.4B
Q3 24
$6.0B
$44.9B
Q2 24
$6.4B
$44.5B
Q1 24
$6.5B
$44.2B
Debt / Equity
BC
BC
VICI
VICI
Q4 25
1.30×
0.60×
Q3 25
0.61×
Q2 25
0.63×
Q1 25
0.63×
Q4 24
1.25×
0.63×
Q3 24
0.64×
Q2 24
0.65×
Q1 24
0.66×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BC
BC
VICI
VICI
Operating Cash FlowLast quarter
$132.9M
$691.9M
Free Cash FlowOCF − Capex
$83.6M
FCF MarginFCF / Revenue
6.3%
Capex IntensityCapex / Revenue
3.7%
Cash ConversionOCF / Net Profit
7.11×
1.14×
TTM Free Cash FlowTrailing 4 quarters
$396.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BC
BC
VICI
VICI
Q4 25
$132.9M
$691.9M
Q3 25
$140.4M
$586.3M
Q2 25
$316.2M
$639.9M
Q1 25
$-27.4M
$591.9M
Q4 24
$306.4M
$644.1M
Q3 24
$67.4M
$579.1M
Q2 24
$211.0M
$614.6M
Q1 24
$-153.4M
$543.7M
Free Cash Flow
BC
BC
VICI
VICI
Q4 25
$83.6M
Q3 25
$106.5M
Q2 25
$271.3M
Q1 25
$-65.1M
Q4 24
$276.1M
Q3 24
$31.4M
Q2 24
$163.9M
Q1 24
$-207.4M
FCF Margin
BC
BC
VICI
VICI
Q4 25
6.3%
Q3 25
7.8%
Q2 25
18.7%
Q1 25
-5.3%
Q4 24
23.9%
Q3 24
2.5%
Q2 24
11.4%
Q1 24
-15.2%
Capex Intensity
BC
BC
VICI
VICI
Q4 25
3.7%
Q3 25
2.5%
Q2 25
3.1%
Q1 25
3.1%
Q4 24
2.6%
Q3 24
2.8%
Q2 24
3.3%
Q1 24
4.0%
Cash Conversion
BC
BC
VICI
VICI
Q4 25
7.11×
1.14×
Q3 25
0.77×
Q2 25
5.33×
0.74×
Q1 25
-1.36×
1.09×
Q4 24
1.05×
Q3 24
1.51×
0.79×
Q2 24
2.11×
0.83×
Q1 24
-2.26×
0.92×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BC
BC

Engine Partsand Accessories$532.4M40%
Navico Group$452.9M34%
Recreational Fiberglass Boats$111.6M8%
Saltwater Fishing Boats$85.7M6%
Controls Riggingand Propellers$78.3M6%
Business Acceleration$48.1M4%
Sterndrive Engine$32.6M2%

VICI
VICI

Fixed Rent$504.3M50%
Other$478.4M47%
Contingent Rent$30.4M3%

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