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Ventas (VTR) Financials

Ventas logo
$64.34 -0.71 (-1.09%)
Closing price 05/28/2025 03:59 PM Eastern
Extended Trading
$64.32 -0.02 (-0.03%)
As of 08:57 AM Eastern
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Annual Income Statements for Ventas

Annual Income Statements for Ventas

This table shows Ventas' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders		 81 -41 -47 49 439 433 409 1,356 649 418
Consolidated Net Income / (Loss)		 88 -30 -41 57 441 439 416 1,361 651 419
Net Income / (Loss) Continuing Operations		 31 -92 -49 57 441 439 416 1,361 652 390
Total Pre-Tax Income 		-8.00 -116 -94 -162 81 359 385 585 519 352
Total Revenue		 4,321 3,924 3,662 3,388 3,326 3,873 3,746 3,574 3,444 2,919
Net Interest Income / (Expense)		 -603 -574 -468 -425 -470 0.00 25 6.03 -419 -366
Total Interest Income		 0.00 0.00 0.00 15 0.00 0.00 25 6.03 0.88 1.05
Total Interest Expense		 603 574 468 440 470 0.00 0.00 0.00 420 367
Long-Term Debt Interest Expense		 603 574 468 - - - - - - 367
Total Non-Interest Income		 4,924 4,498 4,129 3,813 3,795 3,873 3,721 3,568 3,443 3,285
Other Service Charges		 3,418 2,988 3.64 - 7.61 2,174 - 0.00 - 1,853
Other Non-Interest Income		 1,506 1,509 4,126 3,813 3,788 1,699 3,721 3,568 3,345 1,346
Provision for Credit Losses		 -0.17 -20 20 -9.08 24 0.00 0.00 - - -
Total Non-Interest Expense		 4,330 4,060 3,736 3,990 3,221 3,513 3,361 2,989 2,925 2,568
Net Occupancy & Equipment Expense		 2,827 2,561 2,283 2,088 1,940 1,811 1,691 1,486 1,435 1,384
Other Operating Expenses		 228 97 224 167 131 610 661 584 144 146
Depreciation Expense		 1,253 1,392 1,198 1,197 1,110 1,046 920 888 899 894
Restructuring Charge		 20 15 31 47 30 15 31 11 25 103
Other Special Charges		 0.69 -6.10 0.58 59 11 42 58 21 2.78 14
Income Tax Expense		 -38 -9.54 -17 4.83 -97 -56 -40 -60 -31 -39
Other Gains / (Losses), net		 1.56 14 29 224 264 26 -8.79 717 103 -1.42
Other Adjustments to Consolidated Net Income / (Loss)		 57 62 7.78 - - - - - - 19
Net Income / (Loss) Attributable to Noncontrolling Interest		 7.20 11 6.52 7.55 2.04 6.28 6.51 4.64 2.26 1.38
Basic Earnings per Share		 $0.20 ($0.10) ($0.12) $0.13 $1.18 $1.18 $1.15 $3.82 $1.88 $1.26
Weighted Average Basic Shares Outstanding		 437.14M 804.92M 399.99M 399.50M 374.66M 372.86M 356.10M 355.10M 344.70M 330.31M
Diluted Earnings per Share		 $0.19 ($0.10) ($0.12) $0.13 $1.17 $1.17 $1.14 $3.78 $1.86 $1.25
Weighted Average Diluted Shares Outstanding		 437.14M 804.92M 399.99M 399.50M 374.66M 372.86M 356.10M 355.10M 348.39M 334.01M
Weighted Average Basic & Diluted Shares Outstanding		 437.14M 804.92M 399.99M 399.50M 374.66M 372.86M 356.10M 355.10M 345.30M 331.60M
Cash Dividends to Common per Share		 $1.80 $1.80 $1.80 $1.80 $2.14 $3.17 $3.16 $3.12 $2.97 $3.04

Quarterly Income Statements for Ventas

This table shows Ventas' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 47 57 19 19 -14 -91 -71 103 18 -45 1.26
Consolidated Net Income / (Loss)		 48 59 21 21 -13 -85 -70 105 19 -43 3.06
Net Income / (Loss) Continuing Operations		 48 1.72 21 21 -13 -147 -70 105 19 -51 3.06
Total Pre-Tax Income 		41 -0.51 19 -19 -7.50 -113 -77 63 12 -83 -5.07
Total Revenue		 1,358 684 1,236 1,201 1,200 718 1,150 1,106 949 695 1,037
Net Interest Income / (Expense)		 3.08 -623 8.20 4.83 6.78 -450 2.75 1.03 -128 -125 -119
Total Interest Income		 3.08 -20 8.20 4.83 6.78 -3.79 2.75 1.03 0.00 -1.66 0.49
Other Interest Income		 3.08 - 8.20 4.83 6.78 - 2.75 1.03 - - 0.49
Total Interest Expense		 0.00 603 0.00 0.00 0.00 446 0.00 0.00 128 123 119
Total Non-Interest Income		 1,355 1,307 1,228 1,196 1,193 1,168 1,147 1,105 1,077 1,053 1,037
Other Non-Interest Income		 1,355 -2,111 1,228 1,196 1,193 -1,109 1,147 1,105 366 1,705 1,037
Provision for Credit Losses		 0.00 - -0.06 -0.04 -0.07 - -0.07 -12 - - -0.06
Total Non-Interest Expense		 1,317 685 1,217 1,220 1,207 852 1,227 1,044 938 758 1,042
Net Occupancy & Equipment Expense		 786 743 715 682 687 669 658 624 610 592 572
Other Operating Expenses		 203 -359 186 187 214 -278 181 149 44 140 35
Depreciation Expense		 322 309 304 340 300 435 370 305 282 324 301
Restructuring Charge		 5.98 4.23 8.58 2.89 4.68 3.64 7.13 3.07 1.39 -6.97 4.78
Other Special Charges		 1.41 -11 3.94 8.55 -1.08 8.61 10 -25 0.00 -57 9.74
Income Tax Expense		 -11 -46 3.00 7.77 -3.00 4.70 -1.66 -9.77 -2.80 -2.62 -6.03
Other Gains / (Losses), net		 -3.14 -43 4.90 48 -8.04 -29 5.59 33 4.58 29 2.11
Net Income / (Loss) Attributable to Noncontrolling Interest		 1.49 1.89 1.75 1.78 1.77 6.10 1.57 1.61 1.40 1.64 1.81
Basic Earnings per Share		 $0.11 $0.14 $0.05 $0.05 ($0.04) ($0.22) ($0.18) $0.26 $0.04 ($0.11) $0.00
Weighted Average Basic Shares Outstanding		 451.30M 437.14M 419.35M 826.31M 809.55M 804.92M 804.76M 402.38M 400.05M 399.99M 399.72M
Diluted Earnings per Share		 $0.10 $0.13 $0.05 $0.05 ($0.04) ($0.22) ($0.18) $0.26 $0.04 ($0.11) $0.00
Weighted Average Diluted Shares Outstanding		 451.30M 437.14M 419.35M 826.31M 809.55M 804.92M 804.76M 402.38M 400.05M 399.99M 399.72M
Weighted Average Basic & Diluted Shares Outstanding		 451.30M 437.14M 419.35M 826.31M 809.55M 804.92M 804.76M 402.38M 400.05M 399.99M 399.72M
Cash Dividends to Common per Share		 $0.48 - $0.45 $0.45 $0.45 - $0.45 $0.45 $0.45 - $0.45

Annual Cash Flow Statements for Ventas

This table details how cash moves in and out of Ventas' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Change in Cash & Equivalents		 398 391 -23 -256 304 13 -56 -180 237 -1.80
Net Cash From Operating Activities		 1,330 1,120 1,120 1,026 1,450 1,438 1,381 1,429 1,355 1,399
Net Cash From Continuing Operating Activities		 1,330 1,120 1,120 1,026 1,450 1,438 1,381 1,429 1,355 1,399
Net Income / (Loss) Continuing Operations		 88 -30 -41 57 441 439 416 1,361 651 419
Consolidated Net Income / (Loss)		 88 -30 -41 57 441 439 416 1,361 651 419
Provision For Loan Losses		 -0.17 -20 20 -9.08 24 0.00 0.00 - - -
Depreciation Expense		 1,253 1,392 1,198 1,197 1,110 1,046 920 888 899 974
Amortization Expense		 -24 -37 -51 -71 -20 15 -12 -4.48 -9.98 -19
Non-Cash Adjustments to Reconcile Net Income		 -31 -131 35 -104 -227 -22 113 -762 -138 -35
Changes in Operating Assets and Liabilities, net		 44 -54 -41 -44 122 -40 -56 -53 -48 60
Net Cash From Investing Activities		 -2,377 -185 -859 -724 154 -1,585 324 -937 -1,214 -2,424
Net Cash From Continuing Investing Activities		 -2,377 -185 -859 -724 154 -1,585 324 -937 -1,214 -2,424
Purchase of Property, Leasehold Improvements and Equipment		 -282 -259 -222 -185 -148 -157 -132 -133 -117 -107
Purchase of Investment Securities		 -2,443 -523 -793 -1,747 -861 -2,624 -873 -1,773 -1,722 -2,999
Divestitures		 0.00 50 0.00 0.00 - - - - - -
Sale and/or Maturity of Investments		 340 462 128 1,208 1,164 1,195 1,272 969 625 678
Other Investing Activities, net		 8.37 86 28 0.00 0.00 0.17 57 - 0.00 4.00
Net Cash From Financing Activities		 1,445 -544 -284 -558 -1,300 161 -1,762 -671 97 1,023
Net Cash From Continuing Financing Activities		 1,445 -544 -284 -558 -1,300 161 -1,762 -671 97 1,023
Issuance of Debt		 1,906 2,113 1,053 1,409 733 3,013 2,871 1,496 858 3,913
Issuance of Common Equity		 1,965 108 0.00 617 55 942 0.00 74 1,287 491
Repayment of Debt		 -1,621 -1,973 -575 -1,830 -1,134 -2,628 -3,466 -1,369 -1,022 -2,159
Payment of Dividends		 -747 -730 -727 -694 -936 -1,167 -1,135 -833 -1,034 -1,019
Other Financing Activities, Net		 -58 -62 -35 -61 -19 0.62 -33 -39 8.30 -203
Cash Interest Paid		 576 548 468 402 430 411 407 410 395 392

Quarterly Cash Flow Statements for Ventas

This table details how cash moves in and out of Ventas' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 -712 -206 549 -71 127 70 282 15 24 -26 22
Net Cash From Operating Activities		 321 374 354 336 266 279 286 312 243 267 300
Net Cash From Continuing Operating Activities		 321 374 354 336 266 279 286 312 243 267 300
Net Income / (Loss) Continuing Operations		 48 59 21 21 -13 -85 -70 105 19 -43 3.06
Consolidated Net Income / (Loss)		 48 59 21 21 -13 -85 -70 105 19 -43 3.06
Provision For Loan Losses		 0.00 - -0.06 -0.04 -0.07 -0.08 -0.07 -12 -8.06 20 -0.06
Depreciation Expense		 322 309 304 340 300 435 370 305 282 324 301
Amortization Expense		 -2.20 -5.25 -6.29 -6.21 -6.35 -8.14 -8.42 -9.86 -11 -12 -12
Non-Cash Adjustments to Reconcile Net Income		 4.71 -24 3.53 -27 16 -52 -4.27 -88 13 -20 12
Changes in Operating Assets and Liabilities, net		 -51 35 31 8.54 -31 -11 -1.92 12 -52 -1.82 -4.65
Net Cash From Investing Activities		 -884 -1,536 -429 -267 -145 -43 -14 -71 -56 -134 -166
Net Cash From Continuing Investing Activities		 -884 -1,536 -429 -267 -145 -43 -14 -71 -56 -134 -166
Purchase of Investment Securities		 -900 -1,315 -476 -466 -187 -20 -197 -158 -149 -16 -177
Sale and/or Maturity of Investments		 16 52 46 199 42 161 183 25 92 76 11
Net Cash From Financing Activities		 -149 956 624 -140 4.82 -165 9.79 -226 -162 -159 -112
Net Cash From Continuing Financing Activities		 -149 956 624 -140 4.82 -165 9.79 -226 -162 -159 -112
Issuance of Debt		 30 107 594 650 555 -298 653 1,399 358 184 170
Issuance of Common Equity		 876 1,114 359 414 77 - 83 25 0.00 - -
Repayment of Debt		 -854 -81 -134 -981 -425 320 -537 -1,435 -322 -159 -77
Repurchase of Common Equity		 -0.34 - - -1.02 -1.06 - -0.19 - -0.66 - -0.33
Payment of Dividends		 -201 -191 -188 -184 -184 -183 -182 -182 -183 -182 -182
Other Financing Activities, Net		 -0.12 5.10 -6.36 -39 -18 -6.13 -7.96 -33 -15 -2.31 -23
Cash Income Taxes Paid		 4.00 - - - - - - - - - -

Annual Balance Sheets for Ventas

This table presents Ventas' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Total Assets		 26,187 24,725 24,158 24,718 23,929 24,692 22,585 23,955 23,167 22,262
Cash and Due from Banks		 898 509 123 150 413 106 72 81 287 53
Restricted Cash		 59 55 48 47 38 40 59 107 81 78
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 31,494 29,798 28,458 28,211 26,585 26,672 24,552 18,730 18,674 22,366
Goodwill		 1,045 1,045 1,044 1,046 1,052 1,051 1,051 1,035 1,033 1,047
Intangible Assets		 -9,537 -8,729 -7,918 -6,981 -6,647 -5,784 -4,880 1,548 1,511 -2,833
Other Assets		 2,228 2,048 2,403 2,245 2,488 2,607 1,731 2,453 1,582 1,550
Total Liabilities & Shareholders' Equity		 26,187 24,725 24,158 24,718 23,929 24,692 22,585 23,955 23,167 22,262
Total Liabilities		 15,047 14,878 13,672 13,492 13,416 13,873 12,125 12,864 12,437 12,440
Accrued Interest Payable		 143 117 111 107 111 111 100 94 84 81
Other Short-Term Payables		 1,152 1,042 1,032 1,090 1,133 1,146 1,086 1,183 908 779
Long-Term Debt		 13,523 13,491 12,297 12,028 11,895 12,159 10,734 11,276 11,127 11,207
Other Long-Term Liabilities		 229 228 233 267 276 457 205 310 318 373
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 310 303 265 280 235 274 188 158 201 197
Total Equity & Noncontrolling Interests		 10,830 9,544 10,222 10,946 10,278 10,545 10,272 10,932 10,529 9,625
Total Preferred & Common Equity		 10,771 9,488 10,153 10,854 10,180 10,446 10,216 10,866 10,460 9,564
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 10,771 9,488 10,153 10,854 10,180 10,446 10,216 10,866 10,460 9,564
Common Stock		 17,717 15,751 15,640 15,599 14,265 14,150 13,166 13,142 13,006 11,686
Retained Earnings		 -6,887 -6,214 -5,449 -4,680 -4,030 -3,669 -2,930 -2,241 -2,488 -2,112
Treasury Stock		 -25 -14 -0.54 0.00 0.00 -0.13 0.00 -0.04 -0.05 -2.57
Accumulated Other Comprehensive Income / (Loss)		 -34 -36 -37 -65 -54 -35 -20 -35 -58 -7.57
Noncontrolling Interest		 58 56 69 91 98 100 56 66 69 61

Quarterly Balance Sheets for Ventas

This table presents Ventas' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Total Assets		 26,032 26,187 25,347 24,530 24,673 24,725 24,967 25,071 23,994 24,158 24,300
Cash and Due from Banks		 182 898 1,105 557 632 509 434 139 145 123 145
Restricted Cash		 64 59 61 58 56 55 58 72 50 48 50
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 32,142 31,494 30,266 29,947 29,775 29,798 29,821 30,069 28,513 28,458 28,397
Goodwill		 1,045 1,045 1,046 1,045 1,045 1,045 1,045 1,045 1,045 1,044 1,043
Intangible Assets		 -9,756 -9,537 -9,427 -9,193 -8,959 -8,729 -8,509 -8,294 -8,159 -7,918 -7,690
Other Assets		 2,355 2,228 2,297 2,116 2,123 2,048 2,118 2,041 2,400 2,403 2,355
Total Liabilities & Shareholders' Equity		 26,032 26,187 25,347 24,530 24,673 24,725 24,967 25,071 23,994 24,158 24,300
Total Liabilities		 14,166 15,047 15,189 14,551 14,929 14,878 14,827 14,771 13,670 13,672 13,610
Accrued Interest Payable		 107 143 114 122 123 117 120 113 94 111 93
Other Short-Term Payables		 1,126 1,152 1,149 1,003 1,020 1,042 1,090 1,070 1,007 1,032 1,064
Long-Term Debt		 12,702 13,523 13,669 13,175 13,555 13,491 13,388 13,355 12,343 12,297 12,211
Other Long-Term Liabilities		 232 229 257 251 230 228 229 234 226 233 242
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 340 310 330 311 285 303 265 272 260 265 259
Total Equity & Noncontrolling Interests		 11,526 10,830 9,829 9,668 9,459 9,544 9,874 10,028 10,065 10,222 10,432
Total Preferred & Common Equity		 11,470 10,771 9,759 9,619 9,403 9,488 9,818 9,968 9,997 10,153 10,361
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 11,470 10,771 9,759 9,619 9,403 9,488 9,818 9,968 9,997 10,153 10,361
Common Stock		 18,601 17,717 16,571 16,239 15,858 15,751 15,779 15,685 15,662 15,640 15,633
Retained Earnings		 -7,058 -6,887 -6,748 -6,577 -6,410 -6,214 -5,941 -5,688 -5,611 -5,449 -5,224
Treasury Stock		 -41 -25 -25 -25 -25 -14 -14 -14 -14 -0.54 -0.55
Accumulated Other Comprehensive Income / (Loss)		 -32 -34 -38 -17 -20 -36 -6.18 -15 -40 -37 -47
Noncontrolling Interest		 57 58 70 48 56 56 57 60 68 69 71

Annual Metrics And Ratios for Ventas

This table displays calculated financial ratios and metrics derived from Ventas' official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 10.14% 7.16% 8.08% 1.87% -14.12% 3.39% 4.80% 3.79% 17.96% 17.49%
EBITDA Growth		 -1.50% 17.72% 97.60% -54.46% -17.59% 9.85% -11.95% 4.31% 7.71% 12.64%
EBIT Growth		 93.08% -22.78% 84.14% -836.32% -77.58% -6.60% -34.19% 12.77% 47.44% 0.28%
NOPAT Growth		 93.08% -22.78% 42.03% -164.18% -57.39% -2.13% -34.09% 17.22% 40.64% 8.77%
Net Income Growth		 391.62% 25.98% -172.37% -87.18% 0.43% 5.61% -69.44% 108.92% 55.40% -12.11%
EPS Growth		 290.00% 16.67% -192.31% -88.89% 0.00% 2.63% -69.84% 103.23% 48.80% -21.88%
Operating Cash Flow Growth		 18.73% -0.03% 9.17% -29.24% 0.86% 4.08% -3.31% 5.47% -3.15% 11.47%
Free Cash Flow Firm Growth		 -109.21% -257.13% 142.23% -228.45% 154.50% -185.65% 1,087.46% 148.41% 67.94% 12.03%
Invested Capital Growth		 5.68% 2.44% -2.02% 3.77% -2.48% 8.42% -5.25% 2.33% 3.94% 6.36%
Revenue Q/Q Growth		 -0.78% 0.61% 3.16% 3.62% -20.68% 1.99% 0.64% 1.24% 15.04% 7.11%
EBITDA Q/Q Growth		 85.54% 80.34% 66.90% -35.12% -20.63% 6.69% -6.73% 1.19% 0.45% 7.79%
EBIT Q/Q Growth		 98.85% 79.11% 81.49% -135.43% -71.55% -5.15% -21.44% -0.17% 5.20% 38.36%
NOPAT Q/Q Growth		 93.36% -34.84% -21.76% 35.60% -48.48% -10.52% -22.46% 7.12% 3.17% 32.32%
Net Income Q/Q Growth		 260.37% -374.55% -11.67% -72.76% 28.95% -10.29% -44.27% 15.73% 14.76% 4.37%
EPS Q/Q Growth		 218.75% -1,100.00% 0.00% -75.93% 32.95% -12.69% -44.66% 14.89% 14.81% 4.17%
Operating Cash Flow Q/Q Growth		 7.66% 1.07% 0.13% -2.84% -3.88% -0.66% 1.27% -0.14% -2.04% 3.09%
Free Cash Flow Firm Q/Q Growth		 -246.78% 7.37% -29.08% 14.30% -15.70% 10.34% -11.57% 100.62% -101.28% 45.33%
Invested Capital Q/Q Growth		 3.51% -0.81% -0.52% -1.16% -0.78% -0.64% 0.28% -0.12% 0.00% -0.51%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 28.26% 31.59% 28.76% 15.73% 35.19% 36.67% 34.51% 41.08% 40.87% 44.76%
EBIT Margin		 -0.19% -2.95% -2.57% -17.51% 2.42% 9.28% 10.27% 16.36% 15.06% 12.05%
Profit (Net Income) Margin		 2.04% -0.77% -1.12% 1.67% 13.27% 11.34% 11.11% 38.08% 18.92% 14.36%
Tax Burden Percent		 -1,104.94% 26.21% 43.48% -34.83% 547.45% 122.22% 108.10% 232.78% 125.65% 119.21%
Interest Burden Percent		 100.00% 100.00% 100.00% 27.37% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% -119.79% -15.67% -10.38% -10.23% -6.04% -11.17%
Return on Invested Capital (ROIC)		 -0.02% -0.35% -0.29% -0.50% 0.78% 1.88% 1.95% 2.91% 2.56% 1.92%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.67% 0.04% -0.08% 0.93% 2.98% 2.09% 1.87% 9.31% 3.47% 2.17%
Return on Net Nonoperating Assets (RNNOA)		 0.87% 0.05% -0.09% 1.02% 3.36% 2.25% 1.91% 9.56% 3.78% 2.56%
Return on Equity (ROE)		 0.84% -0.30% -0.38% 0.52% 4.14% 4.13% 3.86% 12.48% 6.34% 4.47%
Cash Return on Invested Capital (CROIC)		 -5.54% -2.76% 1.76% -4.20% 3.29% -6.20% 7.34% 0.61% -1.30% -4.25%
Operating Return on Assets (OROA)		 -0.03% -0.47% -0.39% -2.44% 0.33% 1.52% 1.65% 2.48% 2.28% 1.62%
Return on Assets (ROA)		 0.35% -0.12% -0.17% 0.23% 1.81% 1.86% 1.79% 5.78% 2.87% 1.93%
Return on Common Equity (ROCE)		 0.81% -0.29% -0.36% 0.50% 4.00% 4.01% 3.78% 12.19% 6.18% 4.35%
Return on Equity Simple (ROE_SIMPLE)		 0.82% -0.32% -0.40% 0.52% 4.33% 4.21% 4.07% 12.53% 6.23% 4.38%
Net Operating Profit after Tax (NOPAT)		 -5.60 -81 -66 -114 177 416 425 645 550 391
NOPAT Margin		 -0.13% -2.06% -1.80% -3.36% 5.33% 10.73% 11.34% 18.03% 15.97% 13.39%
Net Nonoperating Expense Percent (NNEP)		 -0.70% -0.39% -0.21% -1.42% -2.20% -0.21% 0.08% -6.40% -0.91% -0.26%
SG&A Expenses to Revenue		 65.42% 65.28% 62.35% 61.65% 58.32% 46.75% 45.15% 41.59% 41.67% 48.31%
Operating Expenses to Revenue		 100.19% 103.46% 102.03% 117.78% 96.85% 90.72% 89.73% 83.64% 84.94% 87.95%
Earnings before Interest and Taxes (EBIT)		 -8.00 -116 -94 -593 81 359 385 585 519 352
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,221 1,240 1,053 533 1,170 1,420 1,293 1,468 1,407 1,307
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 2.29 2.04 1.65 1.72 1.60 1.72 1.63 1.48 1.50 1.34
Price to Tangible Book Value (P/TBV)		 1.28 1.13 0.98 1.11 1.03 1.18 1.18 1.94 1.99 1.13
Price to Revenue (P/Rev)		 5.71 4.94 4.57 5.52 4.90 4.64 4.44 4.49 4.57 4.40
Price to Earnings (P/E)		 304.31 0.00 0.00 381.71 37.11 41.52 40.60 11.84 24.23 30.72
Dividend Yield		 3.06% 3.74% 4.30% 3.84% 4.92% 6.57% 6.78% 6.91% 6.62% 7.38%
Earnings Yield		 0.33% 0.00% 0.00% 0.26% 2.70% 2.41% 2.46% 8.45% 4.13% 3.26%
Enterprise Value to Invested Capital (EV/IC)		 1.53 1.40 1.28 1.33 1.25 1.32 1.30 1.22 1.22 1.15
Enterprise Value to Revenue (EV/Rev)		 8.71 8.33 7.97 9.12 8.44 7.84 7.33 7.66 7.77 8.28
Enterprise Value to EBITDA (EV/EBITDA)		 30.82 26.35 27.72 58.00 23.99 21.38 21.25 18.64 19.01 18.50
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 348.34 84.48 71.38 46.81 51.60 68.73
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 158.49 73.04 64.67 42.46 48.66 61.82
Enterprise Value to Operating Cash Flow (EV/OCF)		 28.30 29.17 26.06 30.12 19.36 21.12 19.88 19.16 19.75 17.28
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 72.16 0.00 37.63 0.00 17.19 203.37 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 1.21 1.37 1.17 1.07 1.13 1.12 1.03 1.02 1.04 1.14
Long-Term Debt to Equity		 1.21 1.37 1.17 1.07 1.13 1.12 1.03 1.02 1.04 1.14
Financial Leverage		 1.29 1.27 1.12 1.10 1.13 1.08 1.02 1.03 1.09 1.18
Leverage Ratio		 2.43 2.40 2.25 2.24 2.28 2.22 2.16 2.16 2.21 2.32
Compound Leverage Factor		 2.43 2.40 2.25 0.61 2.28 2.22 2.16 2.16 2.21 2.32
Debt to Total Capital		 54.83% 57.81% 53.97% 51.72% 53.08% 52.92% 50.65% 50.41% 50.91% 53.29%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 54.83% 57.81% 53.97% 51.72% 53.08% 52.92% 50.65% 50.41% 50.91% 53.29%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 1.49% 1.54% 1.46% 1.60% 1.49% 1.62% 1.15% 1.00% 1.23% 1.23%
Common Equity to Total Capital		 43.67% 40.66% 44.56% 46.68% 45.43% 45.46% 48.20% 48.58% 47.86% 45.48%
Debt to EBITDA		 11.07 10.88 11.68 22.57 10.17 8.56 8.30 7.68 7.91 8.58
Net Debt to EBITDA		 10.29 10.43 11.51 22.20 9.78 8.46 8.20 7.55 7.65 8.48
Long-Term Debt to EBITDA		 11.07 10.88 11.68 22.57 10.17 8.56 8.30 7.68 7.91 8.58
Debt to NOPAT		 -2,415.95 -166.75 -186.61 -105.81 67.16 29.25 25.27 17.50 20.24 28.67
Net Debt to NOPAT		 -2,244.93 -159.78 -184.02 -104.08 64.61 28.90 24.96 17.20 19.57 28.33
Long-Term Debt to NOPAT		 -2,415.95 -166.75 -186.61 -105.81 67.16 29.25 25.27 17.50 20.24 28.67
Noncontrolling Interest Sharing Ratio		 3.47% 3.41% 3.25% 3.24% 3.31% 2.90% 2.17% 2.26% 2.56% 2.69%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,330 -636 405 -958 746 -1,369 1,598 135 -278 -867
Operating Cash Flow to CapEx		 472.14% 431.69% 504.28% 553.83% 978.30% 917.40% 1,047.69% 1,077.83% 1,153.37% 1,301.40%
Free Cash Flow to Firm to Interest Expense		 -2.21 -1.11 0.87 -2.18 1.59 0.00 0.00 0.00 -0.66 -2.36
Operating Cash Flow to Interest Expense		 2.21 1.95 2.40 2.33 3.09 0.00 0.00 0.00 3.23 3.81
Operating Cash Flow Less CapEx to Interest Expense		 1.74 1.50 1.92 1.91 2.77 0.00 0.00 0.00 2.95 3.52
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.17 0.16 0.15 0.14 0.14 0.16 0.16 0.15 0.15 0.13
Fixed Asset Turnover		 0.14 0.13 0.13 0.12 0.12 0.15 0.17 0.19 0.17 0.14
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 24,662 23,338 22,783 23,254 22,409 22,978 21,193 22,367 21,857 21,029
Invested Capital Turnover		 0.18 0.17 0.16 0.15 0.15 0.18 0.17 0.16 0.16 0.14
Increase / (Decrease) in Invested Capital		 1,324 555 -470 844 -569 1,784 -1,173 510 828 1,258
Enterprise Value (EV)		 37,630 32,672 29,196 30,910 28,072 30,364 27,470 27,369 26,757 24,169
Market Capitalization		 24,696 19,385 16,736 18,707 16,295 17,978 16,624 16,057 15,728 12,835
Book Value per Share		 $25.69 $23.58 $25.40 $27.19 $27.18 $28.02 $28.66 $30.51 $30.35 $28.72
Tangible Book Value per Share		 $45.94 $42.68 $42.60 $42.06 $42.12 $40.72 $39.40 $23.26 $22.97 $34.08
Total Capital		 24,662 23,338 22,783 23,254 22,409 22,978 21,193 22,367 21,857 21,029
Total Debt		 13,523 13,491 12,297 12,028 11,895 12,159 10,734 11,276 11,127 11,207
Total Long-Term Debt		 13,523 13,491 12,297 12,028 11,895 12,159 10,734 11,276 11,127 11,207
Net Debt		 12,565 12,927 12,126 11,831 11,444 12,013 10,602 11,088 10,760 11,076
Capital Expenditures (CapEx)		 282 259 222 185 148 157 132 133 117 107
Net Nonoperating Expense (NNE)		 -94 -51 -25 -170 -264 -24 8.80 -717 -102 -28
Net Nonoperating Obligations (NNO)		 13,523 13,491 12,297 12,028 11,895 12,159 10,734 11,276 11,127 11,207
Total Depreciation and Amortization (D&A)		 1,229 1,355 1,147 1,126 1,090 1,061 908 883 889 955
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.20 ($0.10) ($0.12) $0.13 $1.18 $1.18 $1.15 $3.82 $1.88 $1.26
Adjusted Weighted Average Basic Shares Outstanding		 437.14M 804.92M 399.99M 399.50M 374.66M 372.86M 356.27M 355.33M 344.70M 330.31M
Adjusted Diluted Earnings per Share		 $0.19 ($0.10) ($0.12) $0.13 $1.17 $1.17 $1.14 $3.78 $1.86 $1.25
Adjusted Weighted Average Diluted Shares Outstanding		 437.14M 804.92M 399.99M 399.50M 374.66M 372.86M 359.30M 358.57M 348.39M 334.01M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $1.18 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 437.14M 804.92M 399.99M 399.50M 374.66M 372.86M 356.65M 356.20M 354.62M 336.07M
Normalized Net Operating Profit after Tax (NOPAT)		 9.14 -75 -44 -39 85 292 332 431 382 328
Normalized NOPAT Margin		 0.21% -1.90% -1.20% -1.15% 2.55% 7.53% 8.85% 12.07% 11.10% 11.25%
Pre Tax Income Margin		 -0.19% -2.95% -2.57% -4.79% 2.42% 9.28% 10.27% 16.36% 15.06% 12.05%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 -0.01 -0.20 -0.20 -1.35 0.17 0.00 0.00 0.00 1.24 0.96
NOPAT to Interest Expense		 -0.01 -0.14 -0.14 -0.26 0.38 0.00 0.00 0.00 1.31 1.07
EBIT Less CapEx to Interest Expense		 -0.48 -0.65 -0.68 -1.77 -0.14 0.00 0.00 0.00 0.96 0.67
NOPAT Less CapEx to Interest Expense		 -0.48 -0.59 -0.62 -0.68 0.06 0.00 0.00 0.00 1.03 0.77
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 845.26% -2,408.65% -1,775.21% 1,226.42% 212.18% 265.64% 272.75% 61.20% 158.65% 242.95%
Augmented Payout Ratio		 845.26% -2,408.65% -1,775.21% 1,226.42% 212.18% 265.64% 272.75% 61.20% 158.65% 242.95%

Quarterly Metrics And Ratios for Ventas

This table displays calculated financial ratios and metrics derived from Ventas' official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 13.18% -4.75% 7.52% 8.55% 26.42% 3.41% 10.85% 8.15% 4.68% 19.29% 6.27%
EBITDA Growth		 25.76% 3.03% 11.19% -14.87% 1.27% 17.92% 0.22% 63.19% -9.53% 229.44% 48.49%
EBIT Growth		 650.73% 99.49% 124.96% -125.49% -164.46% -110.38% -1,432.79% 270.36% -69.59% 87.27% 94.21%
NOPAT Growth		 1,080.65% 99.55% 129.94% -118.45% -136.64% -35.95% -1,415.05% 335.56% -66.20% -25.39% 94.14%
Net Income Growth		 485.61% 169.32% 130.18% -79.85% -166.31% -95.27% -2,370.94% 355.00% -53.41% -10.94% -95.12%
EPS Growth		 350.00% 159.09% 127.78% -80.77% -200.00% -100.00% 0.00% 336.36% -60.00% 0.00% -100.00%
Operating Cash Flow Growth		 20.53% 33.88% 23.60% 7.71% 9.73% 4.43% -4.71% 12.14% -11.56% 0.55% 29.73%
Free Cash Flow Firm Growth		 -90.95% -109.00% 58.36% 232.27% -173.47% -253.73% -209.50% 70.45% 161.87% 146.28% 161.98%
Invested Capital Growth		 5.44% 5.68% 1.27% -2.12% 2.79% 2.44% 2.73% 1.90% -3.63% -2.02% -2.66%
Revenue Q/Q Growth		 98.48% -44.66% 2.94% 0.09% 39.26% -37.53% 3.93% 16.56% 36.64% -33.03% 1.40%
EBITDA Q/Q Growth		 18.96% -4.51% 0.81% 9.82% 210.22% 3.06% -22.82% 30.62% 218.83% -12.41% 25.67%
EBIT Q/Q Growth		 6,174.33% -103.52% 200.59% -156.15% 98.92% -73.56% -202.74% 547.75% 102.09% -1,164.53% 88.58%
NOPAT Q/Q Growth		 14,582.00% -102.21% 220.49% -154.39% 93.36% -47.02% -174.26% 405.14% 124.65% -1,538.50% 88.45%
Net Income Q/Q Growth		 -17.66% 179.71% -0.81% 268.80% 85.20% -21.79% -166.21% 455.55% 143.59% -1,516.39% 107.43%
EPS Q/Q Growth		 -23.08% 160.00% 0.00% 225.00% 81.82% -22.22% -169.23% 550.00% 136.36% 0.00% 100.00%
Operating Cash Flow Q/Q Growth		 -14.05% 5.65% 5.30% 26.06% -4.53% -2.47% -8.24% 28.42% -9.14% -11.00% 7.98%
Free Cash Flow Firm Q/Q Growth		 8.14% -367.88% -158.11% 176.45% -0.54% 6.79% -84.61% -142.47% 110.38% -33.61% 149.82%
Invested Capital Q/Q Growth		 -0.38% 3.51% 2.91% -0.62% -0.17% -0.81% -0.54% 4.36% -0.51% -0.52% -1.35%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 26.53% 44.26% 25.65% 26.19% 23.87% 40.92% 24.80% 33.40% 29.80% 35.88% 27.43%
EBIT Margin		 3.01% -0.10% 1.55% -1.59% -0.62% -18.54% -6.67% 6.75% 1.22% -9.11% -0.48%
Profit (Net Income) Margin		 3.56% 8.58% 1.70% 1.76% -1.05% -11.79% -6.05% 9.50% 1.99% -6.25% 0.30%
Tax Burden Percent		 118.11% -11,560.43% 109.94% -110.92% 167.16% 75.01% 90.56% 167.75% 164.00% 52.22% -60.41%
Interest Burden Percent		 100.00% 75.37% 99.71% 100.22% 100.91% 84.78% 100.09% 83.85% 100.00% 131.20% 101.26%
Effective Tax Rate		 -25.79% 0.00% 15.72% 0.00% 0.00% 0.00% 0.00% -15.60% -24.30% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.71% -0.01% 0.24% -0.20% -0.08% -1.87% -0.79% 1.06% 0.24% -1.33% -0.05%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.69% 0.43% 0.28% 0.06% -0.14% -1.92% -0.91% 1.31% 0.28% -1.21% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.83% 0.55% 0.37% 0.08% -0.18% -2.43% -1.12% 1.59% 0.32% -1.36% 0.00%
Return on Equity (ROE)		 1.54% 0.54% 0.61% -0.13% -0.25% -4.30% -1.90% 2.65% 0.56% -2.69% -0.05%
Cash Return on Invested Capital (CROIC)		 -4.94% -5.54% -1.62% 1.49% -3.16% -2.76% -2.96% -1.92% 3.33% 1.76% 2.46%
Operating Return on Assets (OROA)		 0.53% -0.02% 0.27% -0.27% -0.11% -2.98% -1.06% 1.03% 0.18% -1.37% -0.07%
Return on Assets (ROA)		 0.63% 1.46% 0.29% 0.30% -0.18% -1.89% -0.96% 1.45% 0.30% -0.94% 0.04%
Return on Common Equity (ROCE)		 1.49% 0.52% 0.59% -0.12% -0.25% -4.16% -1.84% 2.56% 0.55% -2.60% -0.05%
Return on Equity Simple (ROE_SIMPLE)		 1.30% 0.00% -0.56% -1.51% -0.66% 0.00% 0.11% 0.84% -0.63% 0.00% -0.35%
Net Operating Profit after Tax (NOPAT)		 51 -0.36 16 -13 -5.25 -79 -54 72 14 -58 -3.55
NOPAT Margin		 3.79% -0.05% 1.30% -1.11% -0.44% -11.00% -4.68% 6.54% 1.51% -8.37% -0.34%
Net Nonoperating Expense Percent (NNEP)		 0.02% -0.44% -0.04% -0.26% 0.06% 0.04% 0.12% -0.25% -0.04% -0.12% -0.05%
SG&A Expenses to Revenue		 57.85% 108.56% 57.83% 56.77% 57.30% 93.19% 57.22% 56.42% 64.23% 85.15% 55.10%
Operating Expenses to Revenue		 96.99% 100.10% 98.46% 101.59% 100.63% 118.54% 106.68% 94.34% 98.79% 109.11% 100.49%
Earnings before Interest and Taxes (EBIT)		 41 -0.67 19 -19 -7.43 -133 -77 75 12 -63 -5.01
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 360 303 317 315 286 294 285 370 283 249 285
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.62 2.29 2.70 2.14 1.86 2.04 1.67 1.82 1.67 1.65 1.46
Price to Tangible Book Value (P/TBV)		 1.49 1.28 1.45 1.16 1.01 1.13 0.95 1.06 0.97 0.98 0.89
Price to Revenue (P/Rev)		 6.71 5.71 6.04 4.82 4.20 4.94 4.20 4.80 4.50 4.57 4.26
Price to Earnings (P/E)		 211.18 304.31 0.00 0.00 0.00 0.00 3,390.83 235.62 0.00 0.00 0.00
Dividend Yield		 2.66% 3.06% 2.83% 3.54% 4.13% 3.74% 4.43% 3.96% 4.32% 4.30% 4.76%
Earnings Yield		 0.47% 0.33% 0.00% 0.00% 0.00% 0.00% 0.03% 0.42% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.75 1.53 1.65 1.45 1.32 1.40 1.26 1.34 1.29 1.28 1.20
Enterprise Value to Revenue (EV/Rev)		 9.58 8.71 9.00 7.84 7.36 8.33 7.59 8.36 7.87 7.97 7.74
Enterprise Value to EBITDA (EV/EBITDA)		 33.14 30.82 59.58 53.48 45.92 26.35 43.04 46.11 52.44 27.72 43.54
Enterprise Value to EBIT (EV/EBIT)		 1,062.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 500.26 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 31.00 28.30 31.75 28.68 26.87 29.17 26.70 28.22 26.78 26.06 24.56
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 95.90 0.00 0.00 0.00 0.00 37.91 72.16 48.15
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.07 1.21 1.35 1.32 1.39 1.37 1.32 1.30 1.20 1.17 1.14
Long-Term Debt to Equity		 1.07 1.21 1.35 1.32 1.39 1.37 1.32 1.30 1.20 1.17 1.14
Financial Leverage		 1.22 1.29 1.33 1.31 1.29 1.27 1.23 1.21 1.16 1.12 1.10
Leverage Ratio		 2.35 2.43 2.48 2.45 2.43 2.40 2.37 2.35 2.28 2.25 2.23
Compound Leverage Factor		 2.35 1.83 2.47 2.45 2.45 2.04 2.37 1.97 2.28 2.95 2.26
Debt to Total Capital		 51.70% 54.83% 57.37% 56.90% 58.18% 57.81% 56.90% 56.46% 54.45% 53.97% 53.32%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 51.70% 54.83% 57.37% 56.90% 58.18% 57.81% 56.90% 56.46% 54.45% 53.97% 53.32%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 1.61% 1.49% 1.68% 1.55% 1.46% 1.54% 1.37% 1.40% 1.44% 1.46% 1.44%
Common Equity to Total Capital		 46.69% 43.67% 40.96% 41.54% 40.36% 40.66% 41.73% 42.14% 44.10% 44.56% 45.24%
Debt to EBITDA		 9.81 11.07 20.77 21.04 20.26 10.88 19.48 19.44 22.21 11.68 19.35
Net Debt to EBITDA		 9.62 10.29 19.00 20.06 19.23 10.43 18.76 19.14 21.86 11.51 19.04
Long-Term Debt to EBITDA		 9.81 11.07 20.77 21.04 20.26 10.88 19.48 19.44 22.21 11.68 19.35
Debt to NOPAT		 148.08 -2,415.95 -162.15 -87.00 -143.85 -166.75 -223.13 -1,365.07 -146.30 -186.61 -225.62
Net Debt to NOPAT		 145.21 -2,244.93 -148.33 -82.94 -136.55 -159.78 -214.93 -1,343.57 -143.98 -184.02 -222.01
Long-Term Debt to NOPAT		 148.08 -2,415.95 -162.15 -87.00 -143.85 -166.75 -223.13 -1,365.07 -146.30 -186.61 -225.62
Noncontrolling Interest Sharing Ratio		 3.41% 3.47% 3.55% 3.41% 3.33% 3.41% 3.13% 3.33% 3.44% 3.25% 3.16%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,217 -1,325 -283 487 -637 -634 -680 -368 867 412 621
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 -2.20 0.00 0.00 0.00 -1.42 0.00 0.00 6.77 3.34 5.20
Operating Cash Flow to Interest Expense		 0.00 0.62 0.00 0.00 0.00 0.63 0.00 0.00 1.90 2.17 2.51
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.62 0.00 0.00 0.00 0.63 0.00 0.00 1.90 2.17 2.51
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.18 0.17 0.17 0.17 0.17 0.16 0.16 0.15 0.15 0.15 0.14
Fixed Asset Turnover		 0.14 0.14 0.15 0.14 0.14 0.13 0.13 0.13 0.13 0.13 0.13
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 24,568 24,662 23,827 23,154 23,299 23,338 23,528 23,655 22,667 22,783 22,902
Invested Capital Turnover		 0.19 0.18 0.18 0.18 0.18 0.17 0.17 0.16 0.16 0.16 0.15
Increase / (Decrease) in Invested Capital		 1,268 1,324 299 -501 632 555 626 441 -853 -470 -625
Enterprise Value (EV)		 42,910 37,630 39,212 33,486 30,727 32,672 29,586 31,667 29,144 29,196 27,473
Market Capitalization		 30,058 24,696 26,310 20,567 17,520 19,385 16,368 18,191 16,669 16,736 15,128
Book Value per Share		 $26.24 $25.69 $23.62 $23.76 $11.61 $23.58 $24.40 $24.92 $24.99 $25.40 $25.92
Tangible Book Value per Share		 $46.16 $45.94 $43.91 $43.90 $21.39 $42.68 $42.95 $43.04 $42.78 $42.60 $42.55
Total Capital		 24,568 24,662 23,827 23,154 23,299 23,338 23,528 23,655 22,667 22,783 22,902
Total Debt		 12,702 13,523 13,669 13,175 13,555 13,491 13,388 13,355 12,343 12,297 12,211
Total Long-Term Debt		 12,702 13,523 13,669 13,175 13,555 13,491 13,388 13,355 12,343 12,297 12,211
Net Debt		 12,456 12,565 12,503 12,560 12,867 12,927 12,897 13,144 12,147 12,126 12,015
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 3.14 -59 -4.90 -35 7.29 5.66 16 -33 -4.58 -15 -6.61
Net Nonoperating Obligations (NNO)		 12,702 13,523 13,669 13,175 13,555 13,491 13,388 13,355 12,343 12,297 12,211
Total Depreciation and Amortization (D&A)		 319 304 298 334 294 427 362 295 271 313 290
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.11 $0.14 $0.05 $0.05 ($0.04) ($0.22) ($0.18) $0.26 $0.04 ($0.11) $0.00
Adjusted Weighted Average Basic Shares Outstanding		 451.30M 437.14M 419.35M 826.31M 809.55M 804.92M 804.76M 402.38M 400.05M 399.99M 399.72M
Adjusted Diluted Earnings per Share		 $0.10 $0.13 $0.05 $0.05 ($0.04) ($0.22) ($0.18) $0.26 $0.04 ($0.11) $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 451.30M 437.14M 419.35M 826.31M 809.55M 804.92M 804.76M 402.38M 400.05M 399.99M 399.72M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 451.30M 437.14M 419.35M 826.31M 809.55M 804.92M 804.76M 402.38M 400.05M 399.99M 399.72M
Normalized Net Operating Profit after Tax (NOPAT)		 34 -4.90 27 -5.36 -2.73 -70 -42 29 9.04 -103 6.61
Normalized NOPAT Margin		 2.49% -0.72% 2.16% -0.45% -0.23% -9.81% -3.63% 2.59% 0.95% -14.84% 0.64%
Pre Tax Income Margin		 3.01% -0.07% 1.54% -1.59% -0.63% -15.72% -6.68% 5.66% 1.22% -11.96% -0.49%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -0.30 0.00 0.00 0.09 -0.51 -0.04
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -0.18 0.00 0.00 0.11 -0.47 -0.03
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -0.30 0.00 0.00 0.09 -0.51 -0.04
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -0.18 0.00 0.00 0.11 -0.47 -0.03
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 511.17% 845.26% -1,341.00% -503.40% -1,184.15% -2,408.65% 6,602.19% 870.50% -1,162.76% -1,775.21% -1,981.38%
Augmented Payout Ratio		 511.17% 845.26% -1,341.00% -503.40% -1,184.15% -2,408.65% 6,602.19% 870.50% -1,162.76% -1,775.21% -1,981.38%

Frequently Asked Questions About Ventas' Financials

When does Ventas's fiscal year end?

According to the most recent income statement we have on file, Ventas' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Ventas' net income changed over the last 9 years?

Ventas' net income appears to be on a downward trend, with a most recent value of $88.35 million in 2024, falling from $419.22 million in 2015. The previous period was -$30.30 million in 2023. View Ventas' forecast to see where analysts expect Ventas to go next.

How has Ventas revenue changed over the last 9 years?

Over the last 9 years, Ventas' total revenue changed from $2.92 billion in 2015 to $4.32 billion in 2024, a change of 48.0%.

How much debt does Ventas have?

Ventas' total liabilities were at $15.05 billion at the end of 2024, a 1.1% increase from 2023, and a 21.0% increase since 2015.

How much cash does Ventas have?

In the past 9 years, Ventas' cash and equivalents has ranged from $53.02 million in 2015 to $897.85 million in 2024, and is currently $897.85 million as of their latest financial filing in 2024.

How has Ventas' book value per share changed over the last 9 years?

Over the last 9 years, Ventas' book value per share changed from 28.72 in 2015 to 25.69 in 2024, a change of -10.6%.


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This page (NYSE:VTR) was last updated on 5/29/2025 by MarketBeat.com Staff
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