Get started

Financials · VTR

Ventas Inc. (VTR) financials

For the twelve months ended Sep 30, 2026, Ventas Inc. reported $6.78B of revenue and $262.06M of net income.

Revenue, TTM
$6.78B
Revenue growth, YoY
+22.1%
Net income, TTM
$262.06M
Net income growth, YoY
+10.1%
Net margin
3.9%
EPS, diluted, TTM
$0.53
EPS growth, YoY
+1.9%
Cash
$202.01M
Total debt
$12.44B
P/E
180.57
P/S
6.98
Market cap
$47.32B
Annual revenue$5.83B
FY2016FY2025
Annual net income$251.38M
FY2016FY2025
Annual free cash flow-$1.28B
FY2016FY2025

VTR revenue and earnings growth

VTR revenueQ3 2026$1.83B

Quarter YoY
+23.0%
QoQ
+5.9%
FY YoY
+18.5%
5Y CAGR
+9.0%
10Y CAGR
+5.9%

VTR revenue was $1.83B in fiscal Q3 2026 (ended Sep 30, 2026), up 23.0% from a year earlier and up 5.9% from the prior quarter. For the full fiscal 2025 it was $5.83B, up 18.5% from fiscal 2024. Compound annual growth was +9.0% over 5 years and +5.9% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

VTR net incomeQ3 2026$65.38M

Quarter YoY
-1.0%
QoQ
-7.4%
FY YoY
+209.8%
5Y CAGR
-10.6%
10Y CAGR
-5.0%

VTR net income was $65.38M in fiscal Q3 2026 (ended Sep 30, 2026), down 1.0% from a year earlier and down 7.4% from the prior quarter. For the full fiscal 2025 it was $251.38M, up 209.8% from fiscal 2024. Compound annual growth was -10.6% over 5 years and -5.0% over 10 years.

VTR EPSQ3 2026$0.13

Quarter YoY
-7.1%
QoQ
-7.1%
FY YoY
+184.2%
5Y CAGR
-14.3%
10Y CAGR
-8.1%

VTR diluted EPS was $0.13 in fiscal Q3 2026 (ended Sep 30, 2026), down 7.1% from a year earlier and down 7.1% from the prior quarter. For the full fiscal 2025 it was $0.54, up 184.2% from fiscal 2024. Compound annual growth was -14.3% over 5 years and -8.1% over 10 years.

VTR free cash flowFY2025-$1.28B

VTR free cash flow was -$1.28B for fiscal 2025 (ended Dec 31, 2025), compared with -$1.20B in fiscal 2024.

Export CSV

Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$5.83B$4.92B$4.50B$4.13B$3.83B$3.80B$3.87B$3.75B$3.57B$3.44B
Selling, general and admin$177.40M$162.99M$148.88M$144.87M$129.76M$130.16M$158.73M$145.98M$135.49M$126.88M
Interest expense$612.25M$602.84M$574.11M$467.56M$440.09M$469.54M$451.66M$442.50M$448.20M$419.74M
Pre-tax income$204.32M-$8.00M-$115.58M-$94.14M-$162.38M$80.59M$359.42M$384.82M$584.71M$518.51M
Income tax-$14.15M-$37.77M-$9.54M-$16.93M$4.83M-$96.53M-$56.31M-$39.95M-$59.80M-$31.34M
Net income$251.38M$81.15M-$40.97M-$47.45M$49.01M$439.15M$433.02M$409.47M$1.36B$649.23M
EPS, basic$0.55$0.20-$0.10-$0.12$0.13$1.18$1.18$1.15$3.82$1.88
EPS, diluted$0.54$0.19-$0.10-$0.12$0.13$1.17$1.17$1.14$3.78$1.86
Diluted shares462.6M416.4M405.7M403.5M386.3M376.5M369.9M359.3M358.6M348.4M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$741.07M$957.23M$563.46M$170.75M$196.60M$451.64M$146.10M$131.46M$188.25M$367.35M
Receivables$99.87M$108.14M$76.09M-------
Goodwill$1.05B$1.04B$1.05B$1.04B$1.05B$1.05B$1.05B$1.05B$1.03B$1.03B
Total assets$27.59B$26.19B$24.73B$24.16B$24.72B$23.93B$24.69B$22.58B$23.95B$23.17B
Total debt$13.01B$13.52B$13.49B$12.30B$12.03B$11.90B$12.16B$10.73B$11.28B$11.13B
Total liabilities$14.63B$15.05B$14.88B$13.67B$13.49B$13.42B$13.87B$12.12B$12.86B$12.44B
Shareholders' equity$12.53B$10.83B$9.54B$10.22B$10.95B$10.28B$10.55B$10.27B$10.93B$10.53B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$1.65B$1.33B$1.12B$1.12B$1.03B$1.45B$1.44B$1.38B$1.43B$1.35B
Capital expenditures$2.93B$2.53B$649.47M$900.70M$1.80B$607.30M$1.52B$728.64M$132.56M$117.46M
Free cash flow-$1.28B-$1.20B$470.40M$219.47M-$775.90M$842.88M-$80.99M$652.83M$1.30B$1.24B
Investing cash flow-$2.69B-$2.38B-$184.66M-$859.22M-$724.14M$154.29M-$1.59B$324.50M-$937.11M-$1.21B
Financing cash flow$873.76M$1.45B-$543.75M-$283.93M-$558.47M-$1.30B$160.67M-$1.76B-$671.33M$96.84M
Dividends paid$860.06M$740.33M$723.56M$720.32M$686.89M$928.81M$1.16B$1.13B$827.28M$1.02B
Stock-based compensation$38.73M$30.99M$30.99M$30.71M$31.97M$21.49M$33.92M$29.96M$26.54M$20.96M
Depreciation and amortization$1.38B$1.25B$1.39B$1.20B$1.20B$1.11B$1.05B$919.64M$887.95M$898.92M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY18.5%9.5%8.9%7.9%0.9%-2.0%3.4%4.8%3.8%4.8%
Net income growth, YoY209.8%----88.8%1.4%5.8%-69.8%108.9%55.4%
EPS growth, YoY184.2%----88.9%0.0%2.6%-69.8%103.2%48.8%
Net margin4.3%1.6%-0.9%-1.1%1.3%11.6%11.2%10.9%38.0%18.9%
Free cash flow margin-22.0%-24.4%10.5%5.3%-20.3%22.2%-2.1%17.4%36.3%35.9%
Return on equity2.0%0.7%-0.4%-0.5%0.4%4.3%4.1%4.0%12.4%6.2%
Return on assets0.9%0.3%-0.2%-0.2%0.2%1.8%1.8%1.8%5.7%2.8%
Debt to equity1.041.251.411.201.101.161.151.041.031.06

Source: XBRL data Ventas Inc. files with the SEC, latest filing dated Oct 28, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

VTR peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
VTR$6.78B+22.1%$262.06M3.9%$47.32B
WELL$13.79B+39.2%$1.67B12.1%$181.46B
OHI$1.31B+14.0%$761.80M58.1%$14.86B
CTRE$615.35M+43.6%$364.15M59.2%$10.01B
SBRA$919.09M+23.4%$71.51M7.8%$5.62B

VTR FAQ

7 questions
  • What is VTR revenue?
    Ventas Inc. (VTR) reported $6.78B of revenue for the twelve months ended Sep 30, 2026. That is up 22.1% from the year before. Revenue for fiscal 2025 was $5.83B.
  • Is VTR profitable?
    Yes. Ventas Inc. earned $262.06M in net income for the twelve months ended Sep 30, 2026, a net margin of 3.9%.
  • How much cash and debt does VTR have?
    Ventas Inc. reported $202.01M in cash and cash equivalents and $12.44B of debt on its most recent balance sheet in SEC filings.
  • How fast is VTR revenue growing?
    Ventas Inc.'s revenue changed +18.5% in fiscal 2025, to $5.83B. Its compound annual growth rate was +9.0% over 5 years and +5.9% over 10 years.
  • What is VTR earnings per share?
    Diluted earnings per share were $0.53 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did VTR last report financial results?
    The latest statements here come from Ventas Inc.'s 10-Q filed on Oct 28, 2026, covering the period ended Sep 30, 2026.
  • Where does this VTR financial data come from?
    Quantisnow builds these statements from the structured XBRL data Ventas Inc. files with the SEC. It is provided for information only and is not investment advice.