Ventas annual free cash flow
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2023
2024
2025
Ventas Free Cash Flow (FCF) History (VTR)
Ventas reported −$1.28B in free cash flow for fiscal 2025, a decrease of $81.2M from the previous fiscal year, with a free cash flow margin of −21.96%.
View full Ventas company overviewVentas free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −$1.28B | −$81.2M | — | −21.96% |
| 2024 | 2024-12-31 | −$1.20B | −$1.67B | — | −24.37% |
| 2023 | 2023-12-31 | $470.4M | $250.9M | +114.34% | +10.46% |
| 2022 | 2022-12-31 | $219.5M | $995.4M | — | +5.32% |
| 2021 | 2021-12-31 | −$775.9M | −$1.62B | — | −20.27% |
| 2020 | 2020-12-31 | $842.9M | −$438.2M | −34.20% | +22.21% |
| 2019 | 2019-12-31 | $1.28B | $31.4M | +2.52% | +33.08% |
| 2018 | 2018-12-31 | $1.25B | −$46.6M | −3.59% | +33.36% |
| 2017 | 2017-12-31 | $1.30B | $58.9M | +4.76% | +36.27% |
| 2016 | 2016-12-31 | $1.24B | −$54.1M | −4.19% | +35.93% |
| 2015 | 2015-12-31 | $1.29B | $124.0M | +10.62% | +39.29% |
| 2014 | 2014-12-31 | $1.17B | $54.3M | +4.87% | +42.04% |
| 2013 | 2013-12-31 | $1.11B | $189.8M | +20.55% | +44.23% |
| 2012 | 2012-12-31 | $923.4M | $200.7M | +27.76% | +37.39% |
| 2011 | 2011-12-31 | $722.7M | $293.3M | +68.30% | +41.73% |
| 2010 | 2010-12-31 | $429.4M | $18.4M | +4.48% | +42.92% |
| 2009 | 2009-12-31 | $411.0M | $47.5M | +13.06% | +44.51% |
| 2008 | 2008-12-31 | $363.5M | −$32.9M | −8.29% | +39.55% |
| 2007 | 2007-12-31 | $396.4M | — | — | +53.09% |
Ventas quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $454.7M | $54.5M | +13.60% | +26.29% |
| Q1 2026 | 2026-03-31 | $321.6M | $59.4M | +22.65% | +19.41% |
| Q4 2025 | 2025-12-31 | −$2.23B | −$389.0M | — | −142.42% |
| Q3 2025 | 2025-09-30 | $286.4M | $4.9M | +1.73% | +19.23% |
| Q2 2025 | 2025-06-30 | $400.3M | $136.9M | +51.99% | +28.17% |
| Q1 2025 | 2025-03-31 | $262.2M | $166.0M | +172.51% | +19.31% |
| Q4 2024 | 2024-12-31 | −$1.84B | −$1.70B | — | −143.06% |
| Q3 2024 | 2024-09-30 | $281.5M | $59.5M | +26.79% | +22.77% |
| Q2 2024 | 2024-06-30 | $263.4M | $4.2M | +1.63% | +21.93% |
| Q1 2024 | 2024-03-31 | $96.2M | −$33.9M | −26.07% | +8.02% |
| Q4 2023 | 2023-12-31 | −$140.9M | $337.7M | — | −12.10% |
| Q3 2023 | 2023-09-30 | $222.0M | −$14.5M | −6.12% | +19.31% |
| Q2 2023 | 2023-06-30 | $259.1M | $35.3M | +15.79% | +23.42% |
| Q1 2023 | 2023-03-31 | $130.2M | −$107.7M | −45.27% | +12.08% |
| Q4 2022 | 2022-12-31 | −$478.7M | $938.2M | — | −45.53% |
| Q3 2022 | 2022-09-30 | $236.5M | $50.3M | +26.98% | +22.80% |
| Q2 2022 | 2022-06-30 | $223.8M | −$23.0M | −9.32% | +21.88% |
| Q1 2022 | 2022-03-31 | $237.8M | $29.9M | +14.38% | +23.37% |
| Q4 2021 | 2021-12-31 | −$1.42B | −$1.20B | — | −138.58% |
| Q3 2021 | 2021-09-30 | $186.3M | −$207.2M | −52.66% | +19.08% |
| Q2 2021 | 2021-06-30 | $246.8M | −$132.0M | −34.85% | +26.85% |
| Q1 2021 | 2021-03-31 | $207.9M | −$79.7M | −27.72% | +22.84% |
| Q4 2020 | 2020-12-31 | −$217.1M | $219.1M | — | −23.57% |
| Q3 2020 | 2020-09-30 | $393.5M | $928.0M | — | +42.82% |
| Q2 2020 | 2020-06-30 | $378.8M | $22.2M | +6.21% | +40.16% |
| Q1 2020 | 2020-03-31 | $287.7M | −$26.5M | −8.44% | +28.42% |
| Q4 2019 | 2019-12-31 | −$436.2M | −$741.2M | — | −43.80% |
| Q3 2019 | 2019-09-30 | −$534.5M | −$810.8M | — | −54.36% |
| Q2 2019 | 2019-06-30 | $356.7M | −$24.2M | −6.36% | +37.52% |
| Q1 2019 | 2019-03-31 | $314.2M | $26.8M | +9.31% | +33.32% |
| Q4 2018 | 2018-12-31 | $305.0M | $7.7M | +2.57% | +33.04% |
| Q3 2018 | 2018-09-30 | $276.3M | −$55.1M | −16.63% | +29.50% |
| Q2 2018 | 2018-06-30 | $380.9M | $35.4M | +10.26% | +40.42% |
| Q1 2018 | 2018-03-31 | $287.4M | −$34.6M | −10.74% | +30.45% |
| Q4 2017 | 2017-12-31 | $297.4M | −$9.0M | −2.95% | +33.21% |
| Q3 2017 | 2017-09-30 | $331.4M | $14.3M | +4.53% | +36.82% |
| Q2 2017 | 2017-06-30 | $345.5M | −$14.9M | −4.14% | +38.58% |
| Q1 2017 | 2017-03-31 | $322.0M | $68.6M | +27.05% | +36.45% |
| Q4 2016 | 2016-12-31 | $306.4M | −$38.7M | −11.22% | +34.99% |
| Q3 2016 | 2016-09-30 | $317.0M | $45.1M | +16.59% | +36.56% |
| Q2 2016 | 2016-06-30 | $360.4M | $9.1M | +2.59% | +42.48% |
| Q1 2016 | 2016-03-31 | $253.4M | −$69.6M | −21.54% | +29.73% |
| Q4 2015 | 2015-12-31 | $345.1M | $41.5M | +13.65% | +41.02% |
| Q3 2015 | 2015-09-30 | $271.9M | −$31.6M | −10.42% | +32.86% |
| Q2 2015 | 2015-06-30 | $351.3M | $59.4M | +20.35% | +43.27% |
| Q1 2015 | 2015-03-31 | $323.0M | $54.7M | +20.39% | +40.09% |
| Q4 2014 | 2014-12-31 | $303.7M | −$24.7M | −7.52% | +52.43% |
| Q3 2014 | 2014-09-30 | $303.6M | −$6.0M | −1.94% | +43.06% |
| Q2 2014 | 2014-06-30 | $291.9M | $27.2M | +10.26% | +38.85% |
| Q1 2014 | 2014-03-31 | $268.3M | $57.8M | +27.45% | +36.18% |
| Q4 2013 | 2013-12-31 | $328.3M | $72.0M | +28.09% | +74.90% |
| Q3 2013 | 2013-09-30 | $309.6M | $79.5M | +34.56% | +43.52% |
| Q2 2013 | 2013-06-30 | $264.7M | $62.7M | +31.01% | +38.70% |
| Q1 2013 | 2013-03-31 | $210.5M | −$24.4M | −10.40% | +30.83% |
| Q4 2012 | 2012-12-31 | $256.3M | −$51.1M | −16.63% | +39.28% |
| Q3 2012 | 2012-09-30 | $230.1M | −$12.4M | −5.13% | +36.02% |
| Q2 2012 | 2012-06-30 | $202.1M | $152.2M | +305.62% | +33.02% |
| Q1 2012 | 2012-03-31 | $234.9M | $112.0M | +91.11% | +41.48% |
| Q4 2011 | 2011-12-31 | $307.5M | $212.6M | +223.99% | +56.07% |
| Q3 2011 | 2011-09-30 | $242.5M | $108.6M | +81.12% | +43.66% |
| Q2 2011 | 2011-06-30 | $49.8M | −$39.6M | −44.26% | +13.86% |
| Q1 2011 | 2011-03-31 | $122.9M | $11.7M | +10.49% | +45.80% |
| Q4 2010 | 2010-12-31 | $94.9M | −$118,000 | −0.12% | +37.70% |
| Q3 2010 | 2010-09-30 | $133.9M | $9.0M | +7.20% | +50.59% |
| Q2 2010 | 2010-06-30 | $89.4M | $7.9M | +9.76% | +36.73% |
| Q1 2010 | 2010-03-31 | $111.3M | $1.6M | +1.44% | +46.19% |
| Q4 2009 | 2009-12-31 | $95.0M | −$25.3M | −21.05% | +41.59% |
| Q3 2009 | 2009-09-30 | $124.9M | — | — | +53.23% |
| Q2 2009 | 2009-06-30 | $81.4M | — | — | +35.18% |
| Q1 2009 | 2009-03-31 | $109.7M | — | — | +47.92% |
| Q3 2008 | 2008-09-30 | $120.4M | — | — | +51.19% |
Ventas free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $842.9M to −$1.28B, a net decrease of $2.12B. Ventas's latest reported quarter, Q2 2026, generated $454.7M in free cash flow, an increase of 13.60% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Ventas filings at SEC.gov ↗