VTR Ventas margins

Relative Growth: Rel. Growth: 57

Relative Strength: Rel. Strength: 56

Relative Valuation: Rel. Valuation: 16

Relative Profitability: Rel. Profitability: 51

Gross margin

40.2%

Operating margin

13%

EBITDA margin

36.4%

Net margin

4.1%

Current Ventas reports a gross margin of 40.2%, an operating margin of 13%, an EBITDA margin of 36.4%, and a net margin of 4.1%. Of the available margins, net margin increased the most and gross margin fell the most, by 0.5 and 1.9 percentage points respectively.

VTR margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Ventas's margins averaged 42.07% gross, 11.82% operating, 39.15% EBITDA, and 1.61% 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 strongest improvement was in net margin, which increased by 0.5 percentage points, whereas gross margin contracted by 1.9 percentage points, operating margin by 0.3 percentage points, and EBITDA margin by 1.8 percentage points.

Gross margin expansion

-1.9pp

Operating margin expansion

-0.3pp

EBITDA margin expansion

-1.8pp

Net margin expansion

0.5pp

VTR Gross margin

Ventas recorded an average gross margin of 42.07% across the last 3 years. Ventas currently reports a gross margin of 40.2%, 1.9 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 40.2% in Jun 2026.

VTR Operating margin

The average operating margin for Ventas was 11.82% across the past 3 years. Compared with its three-year average, Ventas's current operating margin is 13% and is 1.2 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 39.15% across the past 3 years. Ventas currently reports an EBITDA margin of 36.4%, 2.8 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 36.4% in Jun 2026.

VTR Net margin

Over the last 3 years, the average net margin for Ventas was 1.61%. The latest net margin for Ventas is 4.1%, 2.5 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 40.2%, VTR ranks lower than the Real Estate sector and the industry average. In comparison with the Real Estate sector average of 63%, Ventas's gross margin is 36% 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 40.2% as of Jun 30, 2026.

What is Ventas's operating margin?

As of Jun 30, 2026, VTR has an operating margin of 13%.

What is Ventas's EBITDA margin?

For the period ending Jun 30, 2026, VTR recorded an EBITDA margin of 36.4%.

What is Ventas's net margin?

The current net margin for VTR is 4.1% as of Jun 30, 2026.

What are the average margins of VTR?

Ventas's average margins over the last 3 years were 42.1% gross, 11.8% operating, 39.2% EBITDA, and 1.6% 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 40.2% gross in Jun 2026, 7.9% operating in Jun 2022, 36.4% EBITDA in Jun 2026, and -3.3% net in Jun 2024.