Ventas, Inc. (VTR)
NYSE: VTR · Real-Time Price · USD
93.36
+1.10 (1.19%)
Aug 7, 2026, 4:00 PM EDT - Market closed

Ventas Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
6,4015,7904,8874,4634,0773,738
Revenue Growth
21.64%18.48%9.49%9.47%9.07%0.83%
Gross Profit
2,5472,3702,0601,9021,7941,650
Operating Income
798.93773.14558.19368.66362.66238.13
Net Income
262.73251.3881.15-40.97-47.4549.01
Earnings Per Share
0.540.540.19-0.10-0.120.13
EPS Growth
25.58%184.21%----88.89%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Triple-Net Leased Properties
540.69601.58622.05619.21598.15653.82
Outpatient Medical and Research Portfolio
911.67895.09874.89869.71803.61802.68
Senior Housing Operating Portfolio
4,9314,2763,3732,9592,6522,270
All Other
55.4258.3451.8349.6975.55101.5
Revenue (Total)
6,4015,7904,8874,4634,0773,738

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
198.96741.07897.85508.79122.56149.73
Total Debt
12,91913,22013,74113,68612,48712,225
Net Cash (Debt)
-12,720-12,479-12,843-13,177-12,365-12,075
Net Cash Growth
------
Net Cash Per Share
-26.38-26.97-30.84-32.48-30.65-31.26

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
1,8011,6471,3301,1201,1201,026
Capital Expenditures
-4,491-2,938-2,530-649.47-900.7-1,802
Free Cash Flow
-2,690-1,292-1,200470.4219.47-775.91
Free Cash Flow Growth
---114.34%--

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
39.80%40.94%42.15%42.62%44.01%44.13%
Operating Margin
12.48%13.35%11.42%8.26%8.89%6.37%
Pretax Margin
3.50%4.27%1.03%-2.20%-0.40%1.64%
Profit Margin
4.26%4.52%1.81%-0.68%-1.00%1.51%
FCF Margin
-42.03%-22.31%-24.56%10.54%5.38%-20.76%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
2.0801.9201.8001.8001.8001.800
Dividend Per Share Growth
7.53%6.67%0%0%0%-15.99%
Dividend Yield
2.23%2.44%3.05%3.61%4.00%3.51%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
170.19143.30309.95--393.23
P/FCF Ratio
---42.6382.05-
PS Ratio
7.516.355.274.494.425.46