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 →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $5.8B | $262M | 0.0% | 0.0% | -$1.3B | $13.0B | $741M |
| 2024 | $4.9B | $88M | 0.0% | 0.0% | -$1.2B | $13.5B | $898M |
| 2023 | $4.5B | -$30M | 0.0% | 0.0% | $470M | $13.5B | $509M |
| 2022 | $4.1B | -$41M | 0.0% | 0.0% | $219M | $12.3B | $123M |
| 2021 | $3.8B | $57M | 0.0% | 0.0% | -$776M | $12.0B | $150M |
| 2020 | $3.8B | $441M | 0.0% | 0.0% | $843M | $11.9B | $413M |
| 2019 | $3.9B | $439M | 0.0% | 0.0% | -$81M | $12.2B | $106M |
| 2018 | $3.7B | $416M | 0.0% | 0.0% | $653M | $10.7B | $72M |
| 2017 | $3.6B | $1.4B | 0.0% | 0.0% | $332M | $11.3B | $81M |
| 2016 | $3.4B | $651M | 0.0% | 0.0% | -$313M | $11.1B | $287M |
| 2015 | $3.3B | $419M | 0.0% | 0.0% | -$1.5B | $11.2B | $53M |
| 2014 | $2.8B | $477M | 0.0% | 0.0% | -$408M | $10.8B | $55M |
| 2013 | $2.5B | $455M | 0.0% | 0.0% | -$420M | $9.4B | $95M |
| 2012 | $2.5B | $362M | 0.0% | 0.0% | -$909M | $8.4B | $68M |
| 2011 | $1.7B | $363M | 0.0% | 0.0% | $144M | $6.4B | $46M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $1.7B | $59M | 0.0% | 0.0% | — | $12.5B | $184M |
| Dec '25 | $1.6B | $73M | 0.0% | 0.0% | — | $13.0B | $741M |
| Sep '25 | $1.5B | $69M | 0.0% | 0.0% | — | $12.6B | $189M |
| Jun '25 | $1.4B | $71M | 0.0% | 0.0% | — | $13.1B | $614M |
| Mar '25 | $1.4B | $48M | 0.0% | 0.0% | — | $12.7B | $182M |
| Dec '24 | $1.3B | $59M | 0.0% | 0.0% | — | $13.5B | $898M |
| Sep '24 | $1.2B | $21M | 0.0% | 0.0% | — | $13.7B | $1.1B |
| Jun '24 | $1.2B | $21M | 0.0% | 0.0% | — | $13.2B | $557M |
| Mar '24 | $1.2B | -$13M | 0.0% | 0.0% | $96M | $13.6B | $632M |
| Dec '23 | $1.2B | -$85M | 0.0% | 0.0% | — | $13.5B | $509M |
| Sep '23 | $1.1B | -$70M | 0.0% | 0.0% | — | $13.4B | $434M |
| Jun '23 | $1.1B | $105M | 0.0% | 0.0% | — | $13.4B | $139M |
| Mar '23 | $1.1B | $19M | 0.0% | 0.0% | $130M | $12.3B | $145M |
| Dec '22 | $1.1B | -$43M | 0.0% | 0.0% | — | $12.3B | $123M |
| Sep '22 | $1.0B | $3M | 0.0% | 0.0% | — | $12.2B | $145M |
| Jun '22 | $1.0B | -$41M | 0.0% | 0.0% | — | $12.3B | $127M |
| Mar '22 | $1.0B | $41M | 0.0% | 0.0% | — | $12.4B | $150M |
| Dec '21 | $1.0B | -$39M | 0.0% | 0.0% | — | $12.0B | $150M |
| Sep '21 | $976M | $63M | 0.0% | 0.0% | — | $12.1B | $144M |
| Jun '21 | $919M | $88M | 0.0% | 0.0% | — | $11.8B | $234M |
How the market has priced VTR 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.
Over the past 5 years, Ventas's revenue has grown 9.0% per year, and net income declined 9.9% per year. These are computed facts, not advice.
As of FY2025, Ventas reported $13.0B of total debt against $741M of cash.
In FY2025, gross margin was —, operating margin —, and net margin 4.5%.
As of Jun '26, Ventas traded at a price-to-earnings ratio of about 162.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.