Fundies.
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Ventas, Inc.

EDGAR
VTR Quarterly report (10-Q) · filed 2026-10-28

Annual consolidated revenue for 2025: about USD 5.834B, using the latest reported figures. The previous period, 2024, was about USD 4.924B.

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Watchlist

Latest quarter

Revenue

1.83 billion USD

2026 Q3 · USD

Exact inputs and evidence
  • Revenue: 1831791000 USD Source

Operating cash flow

490 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 1440759000 USD Source
  • Operating Cash Flow: 951156000 USD Source
Cash and cash equivalents
202 million USD Source
Exact value

202009000 USD

Long-term debt including current maturities
13 billion USD Source
Exact value

13011016000 USD

Shares outstanding
529 million shares Source
Exact value

528820000 shares

Reported share-count change

12.65% · 59.4 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 469449000 shares · 2025-09-30· Source
  • 528820000 shares · 2026-09-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

6.78 billion USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Revenue: 5833980000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 4267963000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 1656944000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 1729614000 USD · 2026-04-01 – 2026-06-30 Source
  • Revenue: 1831791000 USD · 2026-07-01 – 2026-09-30 Source

Operating cash flow

1.91 billion USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Operating cash flow: 1646726000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 1175063000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 394607000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 951156000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 394607000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 1440759000 USD · 2026-01-01 – 2026-09-30 Source
  • Operating cash flow: 951156000 USD · 2026-01-01 – 2026-06-30 Source

Capital expenditure

148 million USD

2018-07-01 – 2019-06-30

Exact inputs and evidence
  • Capital expenditure: 73025000 USD · 2018-01-01 – 2018-09-30 Source
  • Capital expenditure: 42029000 USD · 2018-01-01 – 2018-06-30 Source
  • Capital expenditure: 131858000 USD · 2018-01-01 – 2018-12-31 Source
  • Capital expenditure: 73025000 USD · 2018-01-01 – 2018-09-30 Source
  • Capital expenditure: 21955000 USD · 2019-01-01 – 2019-03-31 Source
  • Capital expenditure: 58381000 USD · 2019-01-01 – 2019-06-30 Source
  • Capital expenditure: 21955000 USD · 2019-01-01 – 2019-03-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-28.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • operating income: No compatible figures in this window
  • net income: No compatible figures in this window
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 5 of 11 periods available· newest 2019-12-31
  • Total assets: 11 of 11 periods available· newest 2025-12-31
  • Total liabilities: 11 of 11 periods available· newest 2025-12-31
  • current assets: No compatible figures in this window
  • current liabilities: No compatible figures in this window
  • Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 11 of 11 periods available· newest 2025-12-31
  • Shares outstanding: 4 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +18.5%

    Prior period

    USD 4.92 billion

    –

    Current period

    USD 5.83 billion

    –

    Exact inputs and evidence

    5833980000 − 4924266000 = 909714000 USD

    4924266000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    5833980000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    +23.8%

    Prior period

    USD 1.33 billion

    –

    Current period

    USD 1.65 billion

    –

    Exact inputs and evidence

    1646726000 − 1329625000 = 317101000 USD

    1329625000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    1646726000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Comparable inputs unavailable for: Net income, Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 5.83 billion 100% of revenue
  • Operating costs Derived Unavailable An input is unavailable.
  • Operating income Unavailable An input is unavailable.
  • Tax, interest and other Derived Unavailable An input is unavailable.
  • Net income Unavailable An input is unavailable.

Cash

  • Operating cash flow USD 1.65 billion 28% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 Not shown: operating income or net income is not reported.
  • 2017 Not shown: operating income or net income is not reported.
  • 2018 Not shown: operating income or net income is not reported.
  • 2019 Not shown: operating income or net income is not reported.
  • 2020 Not shown: operating income or net income is not reported.
  • 2021 Not shown: operating income or net income is not reported.
  • 2022 Not shown: operating income or net income is not reported.
  • 2023 Not shown: operating income or net income is not reported.
  • 2024 Not shown: operating income or net income is not reported.
  • 2025 Not shown: operating income or net income is not reported.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-313443522000 UnavailableUnavailableUnavailableUnavailable1237246000 Derived
Source
2017 2017-01-01 – 2017-12-313574149000 UnavailableUnavailableUnavailableUnavailable1296194000 Derived
Source
2018 2018-01-01 – 2018-12-313745810000 UnavailableUnavailableUnavailableUnavailable1249609000 Derived
Source
2019 2019-01-01 – 2019-12-313872750000 UnavailableUnavailableUnavailableUnavailable1281059000 Derived
Source
2020 2020-01-01 – 2020-12-313795357000 UnavailableUnavailableUnavailableUnavailableUnavailable
Source
2021 2021-01-01 – 2021-12-313828007000 UnavailableUnavailableUnavailableUnavailableUnavailable
Source
2022 2022-01-01 – 2022-12-314129193000 UnavailableUnavailableUnavailableUnavailableUnavailable
Source
2023 2023-01-01 – 2023-12-314497827000 UnavailableUnavailableUnavailableUnavailableUnavailable
Source
2024 2024-01-01 – 2024-12-314924266000 UnavailableUnavailableUnavailableUnavailableUnavailable
Source
2025 2025-01-01 – 2025-12-315833980000 UnavailableUnavailableUnavailableUnavailableUnavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 5.8B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.6.3B4.7B3.2B1.6B0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue3443522000
2017Revenue3574149000
2018Revenue3745810000
2019Revenue3872750000
2020Revenue3795357000
2021Revenue3828007000
2022Revenue4129193000
2023Revenue4497827000
2024Revenue4924266000
2025Revenue5833980000

Revenue growth

Change in revenue from the same financial period one year earlier.

18.5% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.20.1%14.2%8.2%2.3%-3.6%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year4.8%
2017Year over year3.8%
2018Year over year4.8%
2019Year over year3.4%
2020Year over year-2%
2021Year over year0.9%
2022Year over year7.9%
2023Year over year8.9%
2024Year over year9.5%
2025Year over year18.5%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Free cash flow margin 33.1% 2019
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.39.2%29.4%19.6%9.8%0.0%2016-12-312021-12-312025-12-31
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Operating marginNot reported
2017-12-31Operating marginNot reported
2018-12-31Operating marginNot reported
2019-12-31Operating marginNot reported
2020-12-31Operating marginNot reported
2021-12-31Operating marginNot reported
2022-12-31Operating marginNot reported
2023-12-31Operating marginNot reported
2024-12-31Operating marginNot reported
2025-12-31Operating marginNot reported
2016-12-31Net marginNot reported
2017-12-31Net marginNot reported
2018-12-31Net marginNot reported
2019-12-31Net marginNot reported
2020-12-31Net marginNot reported
2021-12-31Net marginNot reported
2022-12-31Net marginNot reported
2023-12-31Net marginNot reported
2024-12-31Net marginNot reported
2025-12-31Net marginNot reported
2016Free cash flow margin35.9%
2017Free cash flow margin36.3%
2018Free cash flow margin33.4%
2019Free cash flow margin33.1%
2020Free cash flow marginNot reported
2021Free cash flow marginNot reported
2022Free cash flow marginNot reported
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

USD 1.6B 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.8B1.3B889.2M444.6M0.0201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow1354702000
2017Operating cash flow1428752000
2018Operating cash flow1381467000
2019Operating cash flow1437783000
2020Operating cash flow1450176000
2021Operating cash flow1026116000
2022Operating cash flow1120163000
2023Operating cash flow1119873000
2024Operating cash flow1329625000
2025Operating cash flow1646726000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 1.3B 2019
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.4B1.0B699.9M350.0M0.0201620212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flow1237246000
2017Free cash flow1296194000
2018Free cash flow1249609000
2019Free cash flow1281059000
2020Free cash flowUnavailable
2021Free cash flowUnavailable
2022Free cash flowUnavailable
2023Free cash flowUnavailable
2024Free cash flowUnavailable
2025Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

53% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.65%49%32%16%0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets53.7%
2017Liabilities / assets53.7%
2018Liabilities / assets53.7%
2019Liabilities / assets56.2%
2020Liabilities / assets56.1%
2021Liabilities / assets54.6%
2022Liabilities / assets56.6%
2023Liabilities / assets60.2%
2024Liabilities / assets57.5%
2025Liabilities / assets53%

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Current assets / current liabilitiesNot reportedNo source recorded
2017-12-31Current assets / current liabilitiesNot reportedNo source recorded
2018-12-31Current assets / current liabilitiesNot reportedNo source recorded
2019-12-31Current assets / current liabilitiesNot reportedNo source recorded
2020-12-31Current assets / current liabilitiesNot reportedNo source recorded
2021-12-31Current assets / current liabilitiesNot reportedNo source recorded
2022-12-31Current assets / current liabilitiesNot reportedNo source recorded
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded
2024-12-31Current assets / current liabilitiesNot reportedNo source recorded
2025-12-31Current assets / current liabilitiesNot reportedNo source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
Unavailable Not reported for this period.
USD 1.35 billion
Exact value

Exact value: 1354702000 USD

2016-01-01 – 2016-12-31: 1354702000 USD Inspect Operating Cash Flow Open source
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USD 117.46 million
Exact value

Exact value: 117456000 USD

2016-01-01 – 2016-12-31: 117456000 USD Inspect Capital Expenditure Open source
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USD 1.24 billion
Calculation and evidence

1354702000 − 117456000 USD

Exact free cash flow: 1237246000 USD

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2017 2017-01-01 – 2017-12-31
Unavailable Not reported for this period.
USD 1.43 billion
Exact value

Exact value: 1428752000 USD

2017-01-01 – 2017-12-31: 1428752000 USD Inspect Operating Cash Flow Open source
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USD 132.56 million
Exact value

Exact value: 132558000 USD

2017-01-01 – 2017-12-31: 132558000 USD Inspect Capital Expenditure Open source
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USD 1.3 billion
Calculation and evidence

1428752000 − 132558000 USD

Exact free cash flow: 1296194000 USD

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2018 2018-01-01 – 2018-12-31
Unavailable Not reported for this period.
USD 1.38 billion
Exact value

Exact value: 1381467000 USD

2018-01-01 – 2018-12-31: 1381467000 USD Inspect Operating Cash Flow Open source
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USD 131.86 million
Exact value

Exact value: 131858000 USD

2018-01-01 – 2018-12-31: 131858000 USD Inspect Capital Expenditure Open source
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USD 1.25 billion
Calculation and evidence

1381467000 − 131858000 USD

Exact free cash flow: 1249609000 USD

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2019 2019-01-01 – 2019-12-31
Unavailable Not reported for this period.
USD 1.44 billion
Exact value

Exact value: 1437783000 USD

2019-01-01 – 2019-12-31: 1437783000 USD Inspect Operating Cash Flow Open source
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USD 156.72 million
Exact value

Exact value: 156724000 USD

2019-01-01 – 2019-12-31: 156724000 USD Inspect Capital Expenditure Open source
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USD 1.28 billion
Calculation and evidence

1437783000 − 156724000 USD

Exact free cash flow: 1281059000 USD

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2020 2020-01-01 – 2020-12-31
Unavailable Not reported for this period.
USD 1.45 billion
Exact value

Exact value: 1450176000 USD

2020-01-01 – 2020-12-31: 1450176000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2021 2021-01-01 – 2021-12-31
Unavailable Not reported for this period.
USD 1.03 billion
Exact value

Exact value: 1026116000 USD

2021-01-01 – 2021-12-31: 1026116000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2022 2022-01-01 – 2022-12-31
Unavailable Not reported for this period.
USD 1.12 billion
Exact value

Exact value: 1120163000 USD

2022-01-01 – 2022-12-31: 1120163000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2023 2023-01-01 – 2023-12-31
Unavailable Not reported for this period.
USD 1.12 billion
Exact value

Exact value: 1119873000 USD

2023-01-01 – 2023-12-31: 1119873000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2024-01-01 – 2024-12-31
Unavailable Not reported for this period.
USD 1.33 billion
Exact value

Exact value: 1329625000 USD

2024-01-01 – 2024-12-31: 1329625000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2025-01-01 – 2025-12-31
Unavailable Not reported for this period.
USD 1.65 billion
Exact value

Exact value: 1646726000 USD

2025-01-01 – 2025-12-31: 1646726000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

161 filings · 8,160 latest values · 8,160 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0000740260, 740260, VTR, edgar:740260

Also known as VENCOR INC, VENTAS INC, VENTAS, INC., Ventas, Inc, Ventas, Inc., Ventas, Inc.