Ventas, Inc. (VTR) — Financial statements
Income statement, balance sheet, and cash flow for Ventas, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 5,834↑18.5% | 4,924↑9.5% | 4,498↑8.9% | 4,129↑7.9% | 3,828 | |
| Cost of Revenue | 6,178↑118.5% | 2,827↑10.4% | 2,561↑12.2% | 2,283↑9.3% | 2,088 | |
| Gross Profit | -344↓116.4% | 2,097↑8.3% | 1,937↑4.9% | 1,846↑6.1% | 1,740 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 177 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 177↑8.8% | 163↑9.5% | 149↑2.8% | 145↑11.6% | 130 | |
| Other Expenses | -1,348↓207.6% | 1,253↓8.7% | 1,372↑12.7% | 1,218↑2.5% | 1,188 | |
| Operating Expenses | -1,171↓182.7% | 1,416↓6.9% | 1,521↑11.6% | 1,362↑3.4% | 1,318 | |
| Total Costs & Expenses | 5,007↑18.0% | 4,243↑3.9% | 4,082↑12.0% | 3,645↑7.0% | 3,407 | |
| Operating Results | ||||||
| Operating Income | 827↑21.4% | 681↑63.9% | 416↓14.1% | 484↑14.8% | 421 | |
| Depreciation & Amortization | 1,379↑7.5% | 1,283↓9.3% | 1,415↑16.9% | 1,211↓0.4% | 1,215 | |
| EBITDA | 2,239↑15.6% | 1,937↓0.6% | 1,949↑20.3% | 1,620↓5.6% | 1,717 | |
| EBIT | 860↑31.6% | 653↑22.3% | 534↑30.4% | 410↓18.3% | 501 | |
| Interest & Other Income | ||||||
| Net Interest Income | -590↑2.2% | -603↓5.0% | -574↓22.8% | -468↓6.2% | -440 | |
| Interest Income | 23 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 612↑1.6% | 603↑5.0% | 574↑22.8% | 468↑6.2% | 440 | |
| Non-Operating Income | -33↓217.9% | 28↑123.4% | -119↓260.2% | 74↑192.6% | -80 | |
| Other Income / Expenses | -579↑8.1% | -631↓38.5% | -455↑15.9% | -542↓50.5% | -360 | |
| Income Before Tax | 247↑389.1% | 51↑227.0% | -40↑31.1% | -58↓194.3% | 61 | |
| Income Tax Expense | -14↑62.5% | -38↓296.0% | -10↑43.6% | -17↓450.7% | 5 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 262↑196.0% | 88↑391.6% | -30↑26.0% | -41↓172.4% | 57 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 251↑209.8% | 81↑298.1% | -41↑13.6% | -47↓196.8% | 49 | |
| Bottom-Line Net Income | 251↑209.8% | 81↑298.1% | -41↑13.6% | -47↓196.8% | 49 | |
| EPS (Basic) | 0.55↑175.0% | 0.20↑300.0% | -0.10↑23.1% | -0.13↓200.0% | 0.13 | |
| EPS (Diluted) | 0.54↑184.2% | 0.19↑290.0% | -0.10↑23.1% | -0.13↓200.0% | 0.13 | |
| Weighted Average Shares | 455↑10.5% | 412↑2.5% | 402↑7.6% | 373↓2.5% | 383 | |
| Weighted Average Diluted Shares | 463↑11.1% | 416↑2.6% | 406↑8.7% | 373↓3.3% | 386 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.