How does Ventas (VTR) make money?

Ventas (VTR) primarily makes money through Senior Living Operations, which accounts for 71.3% of total revenue. For TTM through Q4 2025, Ventas generated $5.83B in total revenue with a net profit margin of 4.3%.

What is Ventas (VTR) gross profit margin?

Ventas (VTR) reported a gross profit margin of -5.9% for TTM through Q4 2025, equivalent to −$344.22M in gross profit. This means Ventas retains -5.9% of each revenue unit after direct costs of production.

What is Ventas (VTR) operating profit margin?

Ventas (VTR) reported an operating profit margin of 14.2% for TTM through Q4 2025, equivalent to $826.81M in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Ventas (VTR) net profit margin?

Ventas (VTR) reported a net profit margin of 4.3% for TTM through Q4 2025, equivalent to $251.38M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Ventas (VTR) spend on capital expenditures?

Ventas (VTR) spent $363.86M on capital expenditures in TTM through Q4 2025 (6.2% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Ventas (VTR) free cash flow?

Ventas (VTR) generated $1.32B in free cash flow for TTM through Q4 2025 (22.6% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

How Ventas (VTR) Makes Money: A Visual Guide

Ventas (VTR) generated $5.83B in revenue, earning $251.38M in net profit (4.3% margin). Its largest revenue source is Senior Living Operations (71.3% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Ventas (VTR) Income Statement Flow — TTM through Q4 2025

Calculated from the four most recent reported quarters, ending December 31, 2025 (reported February 6, 2026).

Frequently asked questions

How does Ventas (VTR) make money?: Ventas (VTR) primarily makes money through Senior Living Operations, which accounts for 71.3% of total revenue. For TTM through Q4 2025, Ventas generated $5.83B in total revenue with a net profit margin of 4.3%.
What is Ventas (VTR) gross profit margin?: Ventas (VTR) reported a gross profit margin of -5.9% for TTM through Q4 2025, equivalent to −$344.22M in gross profit. This means Ventas retains -5.9% of each revenue unit after direct costs of production.
What is Ventas (VTR) operating profit margin?: Ventas (VTR) reported an operating profit margin of 14.2% for TTM through Q4 2025, equivalent to $826.81M in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Ventas (VTR) net profit margin?: Ventas (VTR) reported a net profit margin of 4.3% for TTM through Q4 2025, equivalent to $251.38M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Ventas (VTR) spend on capital expenditures?: Ventas (VTR) spent $363.86M on capital expenditures in TTM through Q4 2025 (6.2% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Ventas (VTR) free cash flow?: Ventas (VTR) generated $1.32B in free cash flow for TTM through Q4 2025 (22.6% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q4 2025.