Last 48 quarters of trend data · Real Estate · REIT - Healthcare Facilities
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Ventas, Inc.'s quarterly P/E stands at 185.9x, up 18.9% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has compressed 16.3% YoY to 17.3x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 151.13 | 185.86 | 128.97 | 124.98 | 105.25 | 156.27 | 113.25 | 349.29 | 272.08 | — | — | — | 45.45 |
| — | +18.9% | +13.9% | -64.2% | -61.3% | — | — | — | +498.6% | — | — | — | — | |
| P/S Ratio | 6.65 | 6.01 | 5.94 | 5.45 | 5.10 | 5.65 | 4.89 | 5.44 | 4.39 | 3.69 | 4.36 | 3.69 | 4.32 |
| — | +6.3% | +21.4% | +0.1% | +16.1% | +53.0% | +12.3% | +47.4% | +1.8% | -9.1% | +1.7% | -5.5% | -14.9% | |
| P/B Ratio | 3.00 | 3.02 | 2.96 | 2.61 | 2.43 | 2.66 | 2.33 | 2.65 | 2.12 | 1.82 | 2.13 | 1.67 | 1.85 |
| — | +13.4% | +27.1% | -1.4% | +15.0% | +46.4% | +9.4% | +58.2% | +14.1% | +7.3% | +20.7% | +10.4% | -2.7% | |
| P/FCF | 29.47 | 30.94 | 25.30 | 28.31 | 18.11 | 29.26 | 21.57 | 23.67 | 20.04 | 20.42 | 28.17 | 14.30 | 18.43 |
| — | +5.7% | +17.3% | +19.6% | -9.6% | +43.3% | -23.4% | +65.5% | +8.7% | -7.0% | +25.1% | -15.6% | -11.4% | |
| EV / EBITDA | 23.25 | 17.26 | 23.24 | 19.18 | 18.67 | 20.62 | 19.55 | 20.09 | 17.35 | 16.44 | 17.97 | 16.19 | 17.50 |
| — | -16.3% | +18.9% | -4.5% | +7.6% | +25.5% | +8.8% | +24.1% | -0.9% | -4.3% | -3.0% | -1.4% | -11.8% | |
| EV / EBIT | 62.02 | 28.49 | 54.87 | 51.06 | 46.15 | 58.02 | 54.22 | 56.87 | 47.62 | 57.40 | 111.78 | 98.19 | 34.08 |
| — | -50.9% | +1.2% | -10.2% | -3.1% | +1.1% | -51.5% | -42.1% | +39.7% | +10.7% | +14.0% | +60.7% | -71.6% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Ventas, Inc.'s operating margin was 11.6% in Q1 2026, down 1.5 pp QoQ and down 3.0 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 13.4% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 6.1% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -5.9% | 39.6% | -136.0% | 41.6% | 41.8% | 42.1% | 42.4% | 42.2% | 43.2% | 42.6% | 42.5% | 42.8% | 43.6% |
| — | -6.1% | -420.6% | -1.4% | -3.3% | -1.0% | -0.2% | -1.4% | -0.8% | -2.0% | -2.8% | -4.7% | -0.3% | |
| Operating Margin | 14.2% | 11.6% | 13.0% | 14.9% | 14.3% | 14.6% | 15.2% | 14.7% | 11.8% | 13.5% | 2.0% | 7.7% | 14.0% |
| — | -20.6% | -14.3% | +1.0% | +21.4% | +8.0% | +656.9% | +91.8% | -15.9% | -2.4% | -74.3% | -38.2% | +9.3% | |
| Net Margin | 4.3% | 3.4% | 4.5% | 4.4% | 4.8% | 3.5% | 4.4% | 1.6% | 1.6% | -1.2% | -7.8% | -6.2% | 9.4% |
| — | -2.2% | +1.5% | +185.0% | +197.6% | +389.3% | +156.6% | +125.2% | -82.7% | -173.4% | -82.2% | -5207.8% | +325.5% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.1% | 0.4% | 0.6% | 0.5% | 0.6% | 0.4% | 0.5% | 0.2% | 0.2% | -0.1% | -0.9% | -0.7% | 1.0% |
| — | +3.5% | +3.7% | +183.9% | +196.2% | +382.5% | +158.7% | +127.5% | -80.4% | -187.0% | -114.4% | -6099.1% | +356.4% | |
| ROA | 0.9% | 0.2% | 0.3% | 0.2% | 0.3% | 0.2% | 0.2% | 0.1% | 0.1% | -0.1% | -0.4% | -0.3% | 0.4% |
| — | +12.7% | +16.7% | +220.5% | +229.9% | +410.0% | +160.4% | +127.2% | -81.3% | -179.5% | -96.7% | -5674.5% | +346.5% | |
| ROIC | 2.5% | 0.8% | 0.6% | 0.7% | 0.6% | 0.6% | 0.6% | 0.6% | 0.5% | 0.5% | 0.1% | 0.3% | 0.5% |
| — | +22.0% | -3.0% | +12.2% | +34.3% | +16.2% | +725.8% | +111.9% | -7.2% | +8.0% | -71.8% | -32.6% | +18.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.05 | — | 1.05 | 1.03 | 1.11 | 1.12 | 1.27 | 1.37 | 1.34 | 1.41 | 1.43 | 1.34 | 1.32 |
| — | — | -17.2% | -24.7% | -17.0% | -20.6% | -11.5% | +2.0% | +1.9% | +16.3% | +17.4% | +15.5% | +14.4% | |
| Debt / EBITDA | 5.99 | — | 24.74 | 21.78 | 23.80 | 24.54 | 28.26 | 28.12 | 27.38 | 29.32 | 29.39 | 29.21 | 29.18 |
| — | — | -12.5% | -22.5% | -13.1% | -16.3% | -3.8% | -3.7% | -6.2% | +1.8% | -3.5% | +2.1% | -2.7% | |
| Current Ratio | 0.96 | — | 0.96 | 0.63 | 0.95 | 0.53 | 1.04 | 1.24 | 0.81 | 0.85 | 0.73 | 0.63 | 0.35 |
| — | — | -7.8% | -49.2% | +17.2% | -37.7% | +41.1% | +99.1% | +131.2% | +43.3% | +20.1% | -4.5% | -42.0% | |
| Quick Ratio | 0.96 | — | 0.96 | 0.63 | 0.95 | 0.53 | 1.04 | 1.24 | 0.81 | 0.85 | 0.73 | 0.63 | 0.35 |
| — | — | -7.8% | -49.2% | +17.2% | -37.7% | +41.1% | +99.1% | +131.2% | +43.3% | +20.1% | -4.5% | -42.0% | |
| Interest Coverage | 1.40 | 2.23 | 1.47 | 0.74 | 1.50 | 1.25 | 1.14 | 1.16 | 1.19 | 0.90 | 0.48 | 0.52 | 1.67 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying VTR stock.
Ventas, Inc.'s current P/E is 151.1x. The average P/E over the last 4 quarters is 136.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Ventas, Inc.'s current operating margin is 14.2%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Ventas, Inc.'s business trajectory between earnings reports.