Filing Flows › Ventas (VTR) › How it makes money
How Ventas (VTR) makes money
Ventas (VTR) made $1.8B of revenue in the third quarter 2026 (Q3 2026), +23% from a year earlier. Of every dollar of revenue, 3¢ was left as operating profit, 4¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.8B | 100.0% |
| Operating profit | $52.6M | 2.9% |
| Net earnings | $65.4M | 3.6% |
| Operating cash flow | $490M | 26.7% |
| Free cash flow | $425M | 23.2% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.8B | +23% |
| Q2 2026 | $1.7B | +22% |
| Q1 2026 | $1.7B | +22% |
| Q4 2025 | $1.6B | +22% |
| Q3 2025 | $1.5B | +20% |
| Q2 2025 | $1.4B | +18% |
| Q1 2025 | $1.4B | +13% |
From Ventas' 10-Q filed Oct 28, 2026 (on EDGAR).
Questions
How does Ventas make money?
Ventas (VTR) made $1.8B of revenue in the third quarter 2026 (Q3 2026), +23% from a year earlier. Of every dollar of revenue, 3¢ was left as operating profit, 4¢ was left as net earnings.
What is Ventas' profit margin?
Net earnings were $65.4M, 3.6% of revenue, in the third quarter 2026; the operating margin was 2.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.