VTR Ventas margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 45

Gross margin

39.7%

Operating margin

12.5%

EBITDA margin

35.7%

Net margin

3.9%

Current Ventas reports a gross margin of 39.7%, an operating margin of 12.5%, an EBITDA margin of 35.7%, and a net margin of 3.9%. EBITDA margin headed the decline across the available margins, falling by 2.6 percentage points.

VTR margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Ventas's margins averaged 41.88% gross, 11.88% operating, 38.87% EBITDA, and 1.8% net. For Ventas, operating and net margins are above their three-year averages, while gross and EBITDA margins are below their three-year averages.

VTR margin expansion

Year-over-year margin changes in percentage points

The biggest contraction was in EBITDA margin, which fell by 2.6 percentage points. The other available margins also declined.

Gross margin expansion

-2.3pp

Operating margin expansion

-0.8pp

EBITDA margin expansion

-2.6pp

Net margin expansion

-0.4pp

VTR Gross margin

Ventas recorded an average gross margin of 41.88% across the last 3 years. Ventas currently reports a gross margin of 39.7%, 2.2 percentage points below its three-year average. During this period, gross margin reached a high of 43.1% in Dec 2023 and a low of 39.7% in Sep 2026.

VTR Operating margin

The average operating margin for Ventas was 11.88% across the past 3 years. Compared with its three-year average, Ventas's current operating margin is 12.5% and is 0.6 percentage points above its three-year average. The operating margin for Ventas moved between 8.2% in Jun 2024 and 14% in Dec 2025.

VTR EBITDA margin

Ventas's EBITDA margin averaged 38.87% across the past 3 years. Ventas currently reports an EBITDA margin of 35.7%, 3.2 percentage points below its three-year average. Over the last 3 years, Ventas's EBITDA margin peaked at 42.6% in Dec 2023 and reached a low of 35.7% in Sep 2026.

VTR Net margin

Over the last 3 years, the average net margin for Ventas was 1.8%. The latest net margin for Ventas is 3.9%, 2.1 percentage points above its three-year average. Ventas's net margin ranged from a low of -3.3% in Jun 2024 to a high of 4.3% in Dec 2025.

VTR margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 39.7%, VTR ranks lower than the Real Estate sector and the industry average. In comparison with the Real Estate sector average of 60.8%, Ventas's gross margin is 35% lower.

VTR margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Ventas's gross margin?

The current gross margin for VTR is 39.7% as of Sep 30, 2026.

What is Ventas's operating margin?

As of Sep 30, 2026, VTR has an operating margin of 12.5%.

What is Ventas's EBITDA margin?

For the period ending Sep 30, 2026, VTR recorded an EBITDA margin of 35.7%.

What is Ventas's net margin?

The current net margin for VTR is 3.9% as of Sep 30, 2026.

What are the average margins of VTR?

Ventas's average margins over the last 3 years were 41.9% gross, 11.9% operating, 38.9% EBITDA, and 1.8% net.

What are the highest historical margins of VTR?

Ventas's highest recorded margins during the past 5 years were 45.5% gross in Mar 2022, 14% operating in Dec 2025, 44.6% EBITDA in Mar 2022, and 4.3% net in Dec 2025.

What are the lowest historical margins of VTR?

Over the last 5 years, Ventas's lowest margins were 39.7% gross in Sep 2026, 7.9% operating in Jun 2022, 35.7% EBITDA in Sep 2026, and -3.3% net in Jun 2024.