Ventas, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $5.8B | $4.9B | $4.5B | $4.1B | $3.8B |
| Interest expense | $612.2M | $602.8M | $574.1M | $467.6M | $440.1M |
| Pretax income | $204.3M | -$8.0M | -$115.6M | -$94.1M | -$162.4M |
| Income tax expense | -$14.2M | -$37.8M | -$9.5M | -$16.9M | $4.8M |
| Net income | $261.5M | $88.4M | -$30.3M | -$40.9M | $56.6M |
| Balance Sheet | |||||
| Cash and equivalents | $741.1M | $897.9M | $508.8M | $122.6M | $149.7M |
| Total assets | $27.6B | $26.2B | $24.7B | $24.2B | $24.7B |
| Total liabilities | $14.6B | $15.0B | $14.9B | $13.7B | $13.5B |
| Total debt | $13.1B | $13.6B | $13.6B | $12.4B | $12.1B |
| Stockholders' equity | $12.5B | $10.8B | $9.5B | $10.2B | $10.9B |
| Cash Flow Statement | |||||
| Cash from operations | $1.6B | $1.3B | $1.1B | $1.1B | $1.0B |
| Depreciation and amortization | $1.4B | $1.3B | $1.4B | $1.2B | $1.2B |
| Stock-based compensation | $38.7M | $31.0M | $31.0M | $30.7M | $32.0M |
| Capital expenditure | $2.9B | $2.5B | $649.5M | $900.7M | $1.8B |
| Free cash flow | -$1.3B | -$1.2B | $470.4M | $219.5M | -$775.9M |
| Dividends paid | $860.1M | $740.3M | $723.6M | $720.3M | $686.9M |
Shares outstanding 486.2M · Free float 93.2%
Annual filing data through FY ended December 31, 2025; float as of July 9, 2026.