Ventas, Inc.

VTRNYSEReal Estate● Active

$79.62

$-2.40(-2.92%)

Market Cap$38.7B

P/E Ratio—

52W High$91.06

52W Low$61.76

Avg Volume4.0M

Open$81.78

Beta0.73

Overview

Ventas, Inc. (VTR) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

VTR · free cash flow · updated Jun 8, 2026

Core FCF metrics

VTR · FCF · TTM · margin & CAGR

Free cash flow was $1.32B for FY2025 (fiscal year ending 2025-12-31), up 24.6% year-over-year The FCF margin was 22.6%. Five-year CAGR stands at +0.2%.

FY2025 Free Cash Flow$1.32B▲ +24.6% YoY

Trailing 12M (TTM)$477.4Mtrailing 4 quarters sum

FCF Margin22.6%$1.32B ÷ revenue

3-Year CAGR+12.4%FY2022 → FY2025

5-Year CAGR+0.2%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

VTR · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$1.68B(364M)$1.32B▲ +24.6%22.6%

FY2024$1.34B(282M)$1.06B▲ +13.0%21.4%

FY2023$1.19B(259M)$935.1M▲ +0.9%20.8%

FY2022$1.15B(222M)$926.3M▲ +7.9%22.4%

FY2021$1.04B(185M)$858.7M▼ 34.0%22.4%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

VTR · P/FCF · FCF yield · FCF per share

Ventas, Inc. (VTR) trades at a FCF yield of 1.24% and a price-to-free-cash-flow ratio of 75.8x. FCF per share stands at $1.05, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1.24%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.05

TTM FCF ÷ Shares Outstanding

Price / FCF

x75.8

Share Price ÷ FCF per Share

EV / FCF (TTM)

x106.9

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

VTR · cash flow statement · operating / investing / financing

For FY2025, Ventas, Inc. generated $1.68B in operating cash flow and spent 364M in capital expenditures, yielding $1.32B in free cash flow.

Operating Activities

+$1.68B

Cash from core business operations

2025-12-31

Investing Activities

−$2.73B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$875.7M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($1.68B) − |CapEx| (364M) = FCF ($1.32B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Real Estate)

VTR vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Ventas, Inc.YOU

VTR

$1.32B+24.6%22.6%

26%

American Tower Corporation

AMT

$3.78B+2.2%35.5%

76%

Simon Property Group, Inc.

Real Estate · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Ventas, Inc. (VTR) reported free cash flow of $1.32B for FY2025 (fiscal year ending 2025-12-31), up 24.6% year-over-year. The FCF margin was 22.6%.

Based on available data, Ventas, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $1.32B in FY2025. The 5-year CAGR stands at +0.2%.

Ventas, Inc.'s FCF yield is 1.24% and price-to-FCF ratio is 75.8x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

VTR free cash flow · 8 questions

Ventas, Inc. free cash flow was $1.32B for FY2025, up 24.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $477.4M.

VTR free cash flowVTR FCFVTR FCF 2025VTR free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Ventas, Inc. · Ventas, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026