Ventas, Inc. (VTR) closed fiscal year 2025 with a gross margin of 41.4 % and a net margin of 4.3 %.
Ventas, Inc. (VTR) closed fiscal year 2025 with a gross margin of 41.4 % and a net margin of 4.3 %. The same year shows an EBITDA margin of 38.9 % and an EBIT margin of 14.7 %. The free cash flow margin was -22.0 %. Against the previous year the gross margin moved −1.2 pp and the net margin +2.7 pp. Across the period the gross margin ranges between 41.4 % in 2025 and 44.7 % in 2022. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 44.71 % | — | 42.59 % | 41.38 % |
| EBITDA margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 39.24 % | 43.34 % | 39.33 % | 38.93 % |
| EBIT margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 9.92 % | 11.88 % | 13.27 % | 14.73 % |
| Net margin (%) | 37.35 % | 24.22 % | 28.86 % | 24.60 % | 21.05 % | 14.69 % | 18.02 % | 17.13 % | 12.71 % | 18.85 % | 37.95 % | 10.93 % | 11.18 % | 11.57 % | 1.28 % | -1.15 % | -0.91 % | 1.65 % | 4.31 % |
| FCF margin (%) | 53.09 % | 39.55 % | 44.51 % | 42.92 % | 41.73 % | 37.39 % | 44.23 % | 42.04 % | 39.29 % | 35.93 % | 36.27 % | 33.36 % | 33.08 % | 22.21 % | -20.27 % | 5.32 % | 10.46 % | -24.37 % | -21.96 % |
