Ventas (VTR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Ventas

NYSE•Real Estate•REIT - Healthcare Facilities

$87.12-0.59(-0.01%)Market open

Market Cap

$42.63B

P/E

156.2x

P/S

6.6x

P/B

2.9x

Ventas, Inc. is an S&P 500 company enabling exceptional environments that benefit a large and growing aging population. With approximately 1,450 properties in North America and the United Kingdom, Ventas occupies an essential role in the longevity economy. The Company's growth is fueled by its more than 900 senior housing communities, which provide valuable services to residents and enable them to thrive in supported environments. Ventas aims to deliver outsized performance by leveraging its operational expertise, data-driven insights from its Ventas OITM platform, extensive relationships and strong financial position. The Ventas portfolio also includes outpatient medical buildings, research centers and healthcare facilities. Ventas, Inc. is based in Illinois, Chicago. Ventas, Inc. was incorporated in 1983 in Maryland.

How this company scores

GoodMetricSide Score: 62/100

Strongest: Growth (22/25); weakest: Profitability (10/25).

Profitability10/25

Growth22/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality14/25

Strengths

Growing revenueRising earningsCash-backed earningsImproving leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 156.2x5y range 103.8x – 1538.1x

Currently near its 13-quarter median.

P/S · 6.6x5y range 3.7x – 6.6x

Currently above its 20-quarter median.

P/B · 2.9x5y range 1.5x – 3.0x

Currently above its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Share Dilution

Red Flag

Shares outstanding increased 18.0% — significant dilution, likely from stock compensation or capital raises.

Price & Volume

Market Cap $42.63B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $6.44B
Q. Revenue: $1.73B
TTM EBITDA: $1.71B
TTM Op. Income: $210.38M
Q. Op. Income: $54.24M
TTM Net Income: $272.97M
Q. Net Income: $72.22M
EPS: $0.14
Shares Out.: $489.29M

$6.44B in TTM revenue grew 21.5% YoY, reaching $1.73B last quarter. TTM EBITDA of $1.71B and TTM operating income of $210.38M show growth is flowing through to the bottom line. TTM net income of $272.97M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 26.7%
Op. Margin: 3.1%
Net Margin: 4.2%

Op. margin of 3.1% is up 0.1% YoY — cost efficiency is improving. Net margin at 4.2% Over the past year, operating margin is up 4% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 156.2x
P/S Ratio: 6.6x
P/B Ratio: 2.9x

At 156.2x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 6.6x and P/B of 2.9x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 7 quarters, P/E has risen for 3 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $29.66B
Cash: $198.96M
Long-Term Debt: $12.69B
Book Value: $14.65B
D/E Ratio: 0.9
Debt/EBITDA: 27.5

With $29.66B in assets and $12.69B in long-term debt, D/E is 0.9and book value is $14.65B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $556.55M
TTM Free Cash Flow: $-1.17B
FCF Margin: -18.1%
FCF / Net Income: -4.3

TTM FCF of $-1.17B on $556.55M in operating cash flow. The FCF / Net Income ratio of -4.3x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.