15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 10.5% per year over the past 5 years.
Net income has grown slower than revenue (5.4% vs 10.5% per year).
Operating margin has expanded, at 77.9% in the latest year.
Financial health
Total debt ($842M) exceeds cash ($14M); net debt is $828M.
Total debt has grown slower than revenue (5.3% vs 10.5% per year).
Total debt is 3.5× EBITDA.
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 86.7% of earnings.
The dividend has grown 3.5% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$263M
$124M
0.0%
77.9%
11.5%
6.0%
—
$842M
$14M
2024
$210M
$95M
0.0%
95.0%
9.9%
5.3%
—
$685M
$9M
2023
$197M
$91M
0.0%
94.0%
10.4%
4.9%
—
$891M
$20M
2022
$175M
$101M
0.0%
56.6%
12.1%
6.1%
—
$768M
$10M
2021
$155M
$56M
0.0%
35.3%
7.6%
3.7%
—
$723M
$5M
2020
$159M
$95M
0.0%
60.0%
12.4%
6.5%
—
$649M
$8M
2019
$185M
$81M
0.0%
44.2%
10.4%
5.3%
—
$693M
$4M
2018
$169M
$155M
0.0%
90.3%
18.8%
10.2%
—
$645M
$3M
2017
$168M
$87M
0.0%
50.6%
11.6%
6.0%
—
$668M
$5M
2016
$162M
$85M
0.0%
52.0%
11.5%
6.1%
—
$609M
$8M
2015
$136M
$73M
0.0%
51.9%
11.1%
5.7%
—
$572M
$13M
2014
$119M
$73M
0.0%
57.5%
11.1%
7.6%
—
$281M
$25M
2013
$105M
$58M
0.0%
52.8%
9.1%
6.2%
—
$279M
$7M
2012
$92M
$51M
0.0%
54.4%
11.1%
6.5%
—
$304M
$7M
2011
$84M
$49M
0.0%
0.0%
10.6%
7.6%
—
$159M
$4M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Sep '26
$115M
$348M
0.0%
54.2%
21.3%
12.6%
—
$985M
$183M
Jun '26
$99M
$30M
0.0%
55.3%
2.3%
1.4%
—
$777M
$40M
Mar '26
$95M
$24M
0.0%
59.1%
2.1%
1.1%
—
$867M
$22M
Dec '25
$84M
$102M
0.0%
67.5%
9.5%
5.0%
—
$842M
$14M
Sep '25
$69M
-$20M
0.0%
71.9%
-2.1%
-1.0%
—
$945M
$18M
Jun '25
$60M
$15M
0.0%
80.5%
1.6%
0.8%
—
$696M
$8M
Mar '25
$49M
$21M
0.0%
101.1%
2.1%
1.2%
—
$682M
$23M
Dec '24
$53M
$18M
0.0%
95.4%
1.9%
1.0%
—
$685M
$9M
Sep '24
$56M
$29M
0.0%
95.5%
3.1%
1.6%
—
$785M
$35M
Jun '24
$50M
$19M
0.0%
38.0%
2.2%
1.0%
—
$861M
$6M
Mar '24
$51M
$24M
0.0%
47.3%
2.7%
1.3%
—
$860M
$9M
Dec '23
$50M
$28M
0.0%
56.4%
3.2%
1.5%
—
$891M
$20M
Sep '23
$49M
$22M
0.0%
45.1%
2.7%
1.2%
—
$956M
$11M
Jun '23
$48M
$6M
0.0%
12.9%
0.7%
0.3%
—
$953M
$7M
Mar '23
$50M
$33M
0.0%
67.0%
4.0%
1.8%
—
$901M
$6M
Dec '22
$48M
$18M
0.0%
37.3%
2.2%
1.1%
—
$768M
$10M
Sep '22
$44M
$13M
0.0%
29.9%
1.7%
0.8%
—
$794M
$6M
Jun '22
$43M
$54M
0.0%
125.8%
6.8%
3.4%
—
$735M
$6M
Mar '22
$41M
$14M
0.0%
34.6%
2.0%
0.9%
—
$763M
$4M
Dec '21
$39M
$13M
0.0%
31.8%
1.7%
0.9%
—
$723M
$5M
Valuation over time
How the market has priced LTC against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 19.6× (Mar '23) to 20.8× (Nov '26).
The price-to-sales ratio has fallen from 11.3× (Mar '23) to 9.8× (Nov '26).
The dividend yield has fallen from 4.6% (Mar '23) to 4.2% (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is LTC growing its revenue and profit?
Over the past 5 years, Ltc Properties Inc's revenue has grown 10.5% per year, and net income grown 5.4% per year. These are computed facts, not advice.
How much debt does LTC have?
As of FY2025, Ltc Properties Inc reported $842M of total debt against $14M of cash.
What is LTC's profit margin?
In FY2025, gross margin was —, operating margin 77.9%, and net margin 47.1%.
What is LTC's P/E ratio?
Ltc Properties Inc's P/E (TTM) is 5.11 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the LTC stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 20.8× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.