How Ventas (VTR) Makes Money: A Visual Guide

Ventas (VTR) generated $5.83B in revenue (TTM through Q4 2025), 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

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.

About this data

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 sum the last four quarters. 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.