Aureus
BGood

Ventas, Inc.(VTR)

B

Financial data as of Dec 31, 2025Improving · Real Estate

FCF Margin17.2%Free Cash Flow / Revenue
Cash Conversion—Operating CF / Net Income
Free Cash Flow$1.0B
Revenue$5.8B
Net Cash-$12.5BNet debt position
Debt / FCF13.2xElevated debt burden
Current Ratio0.96Tight short-term liquidity
YoY FCF Growth+16.8%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
-2Very high debt-to-FCF ratio (13.2x)
→
-1Current ratio below 1.0 (0.96)
→
+1Strong YoY FCF growth (16.8% YoY)
→
+0.5Highly consistent quarterly FCF
→
FinalB

Analysis Summary

Strengths

  • Strong FCF margin (17.2%)
  • Highly consistent quarterly FCF
  • FCF trend is improving

Concerns

  • Heavy debt position ($12.5B)
  • High debt-to-FCF ratio (13.2x)
  • Current ratio below 1.0 — tight short-term liquidity
Cash conversion ratio unavailable or not meaningful

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin17.2%
Net Margin4.3%
Operating CF Margin28.2%
CapEx Ratio11.0%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$12.5BNet debt position
Debt / FCF13.2xElevated debt burden
Current Ratio0.96Tight liquidity
Debt / Equity1.06Moderate leverage

Quarterly FCF Trend

+16.8% YoYImproving (+16.8%)

Free cash flow per quarter

Sector Comparison — Real Estate

FCF Margin ranked against sector peers

View all →

Detailed Metrics

Company NameVentas, Inc.
SectorReal Estate
Free Cash Flow$1.0B
Revenue$5.8B
Net Income$251.4M
Operating Cash Flow$1.6B
Capital Expenditure$644.6M
FCF Margin17.2%
Cash Conversion Rate—
Net Margin4.3%
Total Debt$13.2B
Total Cash$741.1M
Net Cash-$12.5B
Current Ratio0.96
Debt / Equity1.06
Debt / FCF13.2x
YoY FCF Growth+16.8%
Positive Quarters5 of 5
Trend DirectionImproving
Report DateDec 31, 2025
GradeB
Data SourceYahoo Finance