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VTR (Ventas, Inc.) Stock Financials & Earnings | Market Cap Arena
VTR
Ventas, Inc.
Mkt Cap
$41B
Real Estate
·
REIT - Healthcare Facilities
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$5.8B
Net Income (TTM)
$251M
EPS (TTM)
$0.55
Free Cash Flow (TTM)
$1.3B
Gross Margin
-5.9%
Op. Margin
14.2%
Net Margin
4.3%
FCF Margin
22.6%
P/S Ratio (TTM)
7.1x
P/E Ratio (TTM)
164.4x
YoY Rev Growth
+18.5%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$1.1B
$468M
$149M
Q2 23
$1.1B
$482M
$155M
Q3 23
$1.1B
$492M
$88M
Q4 23
$1.2B
$495M
$23M
Q1 24
$1.2B
$511M
$162M
Q2 24
$1.2B
$519M
$142M
Q3 24
$1.2B
$521M
$182M
Q4 24
$1.3B
$546M
$196M
Q1 25
$1.4B
$572M
$198M
Q2 25
$1.4B
$594M
$203M
Q3 25
$1.5B
$619M
$222M
Q4 25
$1.6B
-$2.1B
$204M
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
9.9x
—
Q2 23
9.7x
535.3x
Q3 23
9.4x
8561.6x
Q4 23
9.2x
—
Q1 24
8.9x
—
Q2 24
8.8x
—
Q3 24
8.6x
—
Q4 24
8.4x
509.2x
Q1 25
8.1x
290.4x
Q2 25
7.8x
216.1x
Q3 25
7.4x
173.6x
Q4 25
7.1x
164.4x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$243M
$199M
Q2 23
$312M
$259M
Q3 23
$361M
$297M
Q4 23
$279M
$180M
Q1 24
$266M
$217M
Q2 24
$336M
$263M
Q3 24
$356M
$284M
Q4 24
$379M
$292M
Q1 25
$321M
$262M
Q2 25
$475M
$400M
Q3 25
$379M
$286M
Q4 25
$505M
$368M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$44M
Q2 23
$53M
Q3 23
$64M
Q4 23
$99M
Q1 24
$49M
Q2 24
$73M
Q3 24
$72M
Q4 24
$88M
Q1 25
$59M
Q2 25
$75M
Q3 25
$92M
Q4 25
$138M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+5.9%
+6.0%
Q2 23
+8.2%
+6.7%
Q3 23
+10.9%
+16.9%
Q4 23
+10.7%
+17.7%
Q1 24
+11.4%
+11.8%
Q2 24
+8.6%
+11.4%
Q3 24
+7.5%
-0.7%
Q4 24
+10.5%
-4.4%
Q1 25
+13.2%
+11.8%
Q2 25
+18.3%
+14.9%
Q3 25
+20.4%
+20.2%
Q4 25
+21.7%
+24.8%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$0
0.0%
Q2 23
$0
0.0%
Q3 23
$0
0.0%
Q4 23
$0
0.0%
Q1 24
$0
0.0%
Q2 24
$0
0.0%
Q3 24
$0
0.0%
Q4 24
$0
0.0%
Q1 25
$0
0.0%
Q2 25
$0
0.0%
Q3 25
$0
0.0%
Q4 25
$0
0.0%
marketcaparena.com
OpEx Breakdown
G&A
SG&A
Quarter
G&A
SG&A
Q1 23
—
$45M
Q2 23
—
$34M
Q3 23
—
$33M
Q4 23
—
$36M
Q1 24
—
$49M
Q2 24
—
$38M
Q3 24
—
$35M
Q4 24
$41M
—
Q1 25
$53M
—
Q2 25
—
$43M
Q3 25
$40M
—
Q4 25
$41M
—
marketcaparena.com
Revenue Segments
Medical Office Building Operations
Senior Living Operations
Triple Net Leased Properties
Outpatient Medical And Research Portfolio
Quarter
Medical Office Building Operations
Senior Living Operations
Triple Net Leased Properties
Outpatient Medical And Research Portfolio
Q1 23
$204M
$705M
$150M
—
Q2 23
$216M
$725M
$154M
—
Q3 23
$227M
$754M
$160M
—
Q4 23
$223M
$775M
$155M
—
Q1 24
$220M
$813M
$155M
—
Q2 24
$220M
$818M
$154M
—
Q3 24
$222M
$846M
$155M
—
Q4 24
$217M
$896M
$157M
—
Q1 25
$222M
$969M
$156M
—
Q2 25
—
$1.0B
$153M
$221M
Q3 25
—
$1.1B
$160M
$227M
marketcaparena.com
Revenue by Geography
Canada
United Kingdom
United States
Quarter
Canada
United Kingdom
United States
Q1 23
$112M
$7M
$958M
Q2 23
$115M
$7M
$984M
Q3 23
$117M
$7M
$1.0B
Q4 23
$120M
$7M
$1.0B
Q1 24
$129M
$8M
$1.1B
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$145M
$0
$145M
Q2 23
$139M
$0
$139M
Q3 23
$434M
$0
$434M
Q4 23
$509M
$0
$509M
Q1 24
$632M
$0
$632M
Q2 24
$557M
$0
$557M
Q3 24
$1.1B
$0
$1.1B
Q4 24
$898M
$0
$898M
Q1 25
$182M
$0
$182M
Q2 25
$614M
$0
$614M
Q3 25
$189M
$0
$189M
Q4 25
$741M
$0
$741M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
404M
+1.0%
Q2 23
404M
+0.1%
Q3 23
403M
-0.3%
Q4 23
407M
+1.0%
Q1 24
407M
+0.1%
Q2 24
412M
+1.1%
Q3 24
419M
+1.9%
Q4 24
428M
+1.9%
Q1 25
446M
+4.4%
Q2 25
459M
+2.8%
Q3 25
463M
+0.9%
Q4 25
481M
+3.7%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$6M
479
FY 15
$7M
466
FY 16
$7M
493
FY 17
$7M
493
FY 18
$7M
500
FY 19
$8M
516
FY 20
$8M
448
FY 21
$9M
434
FY 22
$9M
451
FY 23
$9M
486
FY 24
$10M
498
FY 25
$11M
542
marketcaparena.com