Operating Income for Ventas (VTR)
According to Ventas's latest reported financial statements, the company's current operating income (TTM) is $826.81M USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
VTR
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$826.81M
YoY change
+21.4%
5Y CAGR
+6.9%
Peak year (2014)
$875.84M
Cumulative operating income
$11.80B
Operating Income history chart for Ventas (VTR) from 1995 to 2025
Operating Income history table for Ventas (VTR) from 1995 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $826.81M | +21.4% | ||
| 2024 | $681.23M | +63.9% | ||
| 2023 | $415.51M | -14.1% | ||
| 2022 | $483.85M | +14.8% | ||
| 2021 | $421.43M | -28.7% | ||
| 2020 | $591.44M | -31.1% | ||
| 2019 | $857.88M | -0.4% | ||
| 2018 | $861.09M | +38.4% | ||
| 2017 | $622.09M | +11.7% | ||
| 2016 | $556.79M | -33.3% | ||
| 2015 | $834.72M | -4.7% | ||
| 2014 | $875.84M | +4.8% | ||
| 2013 | $835.80M | +20.5% | ||
| 2012 | $693.64M | +1255.6% | ||
| 2011 | $51.17M | -2.0% | ||
| 2010 | $52.22M | -74.9% | ||
| 2009 | $208.12M | +43.3% | ||
| 2008 | $145.28M | +15.0% | ||
| 2007 | $126.32M | +0.7% | ||
| 2006 | $125.42M | +25.1% | ||
| 2005 | $100.22M | +15.1% | ||
| 2004 | $87.10M | -27.2% | ||
| 2003 | $119.68M | -7.8% | ||
| 2002 | $129.82M | -10.3% | ||
| 2001 | $144.72M | -55.1% | ||
| 2000 | $322.51M | +138.7% | ||
| 1999 | $135.13M | +20.7% | ||
| 1998 | $111.96M | -65.8% | ||
| 1997 | $327.20M | +581.6% | ||
| 1996 | $48.01M | +474.0% | ||
| 1995 | $8.36M | — |
Operating Income values are taken from Ventas's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of Ventas (VTR) operating income is $826.81M – grew 21.4% year-over-year.
Ventas operating income has grown for 2 consecutive years, with a +6.9% compound annual growth rate over 2020–2025 (5 years).
Ventas operating income declined from $875.84M in 2014 to $826.81M in 2025, a 5.6% drawdown.
$875.84M stands as the all-time-high annual operating income, posted in 2014, against a low of $8.36M during 1995.
Ventas (VTR) sits 7th of 8 Real Estate peers we track on this metric, against a peer median of $2.05B.
Ventas Operating Income by Year
Ventas Operating Income 2025: $826.81M
Ventas operating income in 2025 was $826.81M, grew 21.4% from 2024.
Ventas Operating Income 2024: $681.23M
Ventas operating income in 2024 was $681.23M, surged 63.9% from 2023.
Ventas Operating Income 2023: $415.51M
Ventas operating income in 2023 was $415.51M, declined 14.1% below 2022.
Ventas Operating Income 2022: $483.85M
Ventas operating income in 2022 was $483.85M, grew 14.8% from 2021.
Ventas Operating Income 2021: $421.43M
Ventas operating income in 2021 was $421.43M.
See more financial history for Ventas (VTR).
Sector peers — Operating Income
Companies in the same sector as Ventas, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| American Tower Corporation (AMT) | $4.88B | Real Estate |
| Prologis, Inc. (PLD) | $3.54B | Real Estate |
| Simon Property Group, Inc. (SPG) | $3.18B | Real Estate |
| Public Storage (PSA) | $2.25B | Real Estate |
| Equinix, Inc. (EQIX) | $1.85B | Real Estate |
| Realty Income Corporation (O) | $1.63B | Real Estate |
| Digital Realty Trust, Inc. (DLR) | $658.49M | Real Estate |
| Welltower Inc. (WELL) | $355.17M | Real Estate |
Frequently asked questions
What is Ventas's operating income?
- Latest reported operating income for Ventas (VTR) is $826.81M (period ending December 31, 2025).
How has Ventas operating income changed year-over-year?
- Ventas (VTR) operating income changed +21.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Ventas operating income?
- Ventas (VTR) operating income compound annual growth rate is +6.9% over the most recent 5 years available.
When did Ventas operating income hit its highest annual value?
- Ventas operating income reached its highest annual value of $875.84M in 2014.
What was Ventas operating income in 2024?
- Ventas (VTR) operating income in 2024 was $681.23M.
What was Ventas operating income in 2025?
- Ventas (VTR) operating income in 2025 was $826.81M.
Metrics overview
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