Ventas financials
$87.04+0.52%
Close Sep 28, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.81B | $4.90B | $4.49B | $4.13B | $3.81B | $3.79B | $3.86B | $3.72B | $3.57B | $3.34B |
| Gross profit | $2.40B | $2.08B | $1.93B | $1.85B | $1.73B | $1.85B | $2.05B | $2.03B | $2.09B | $1.90B |
| Gross margin | 41.3% | 42.4% | 43.0% | 44.8% | 45.3% | 48.8% | 53.2% | 54.6% | 58.4% | 56.9% |
| Operating income | $805.8M | $587.8M | $427.1M | $401.3M | $406.6M | $583.8M | $846.9M | $964.0M | $1.06B | $866.7M |
| Net income | $251.4M | $81.2M | -$41.0M | -$47.4M | $49.0M | $439.1M | $433.0M | $409.5M | $1.36B | $649.2M |
| Net margin | 4.3% | 1.7% | −0.9% | −1.2% | 1.3% | 11.6% | 11.2% | 11.0% | 38.0% | 19.4% |
| Diluted EPS | $0.54 | $0.19 | $-0.10 | $-0.12 | $0.13 | $1.18 | $1.17 | $1.14 | $3.78 | $1.86 |
| EBITDA | $2.18B | $1.82B | $1.78B | $1.61B | $1.53B | $1.67B | $1.91B | $1.87B | $1.94B | $1.76B |
| Operating cash flow | $1.65B | $1.33B | $1.12B | $1.12B | $1.03B | $1.45B | $1.44B | $1.38B | $1.43B | $1.36B |
| Free cash flow | $1.00B | $725.8M | $476.9M | $666.1M | $593.1M | $921.5M | $877.1M | $918.7M | $998.5M | $1.10B |
| Diluted shares | 462.6M | 416.4M | 405.7M | 403.5M | 382.8M | 376.5M | 369.9M | 359.3M | 358.6M | 348.4M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $741.1M | $897.9M | $508.8M | $122.6M | $149.7M | $413.3M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $13.01B | $13.67B | $13.61B | $12.41B | $12.13B | $12.01B |
| Total assets | $27.59B | $26.19B | $24.73B | $24.16B | $24.72B | $23.93B |
| Total liabilities | $14.63B | $15.05B | $14.88B | $13.67B | $13.49B | $13.42B |
| Shareholders' equity | $12.59B | $10.83B | $9.54B | $10.22B | $10.95B | $10.28B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology