The Filing Desk

Healthpeak Properties vs Ventas

Healthpeak Properties DOC · Ventas VTR · Health Care REITs

Ventas reported revenue of $5.8 billion in fiscal 2025, 2.1 times Healthpeak Properties' $2.8 billion in fiscal 2025. Healthpeak Properties' revenue grew 4.5% in its latest year, and Ventas' grew 18.5%.

Side by side

Healthpeak PropertiesVentas
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$2.8B$5.8B
Revenue growth4.5%18.5%
Revenue growth a year, last 5 years11.4%9.0%
Gross margin60.0%—
Operating margin——
Net margin2.5%4.5%
Free cash flow$357M—
Free cash flow margin12.7%—
Return on capital3.2%3.4%
Net debt to EBITDA5.7x5.6x
Dividends and buybacks$946M$860M
Change in diluted share count2.9%11.1%
Last close$19.36$87.42
P/E at the last close55.3×164.9×
Insider trades, last 12 monthssold $213,736bought $197,025, sold $42.7 million
Piotroski F-score——
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Healthpeak PropertiesVentas
Operating margin
Percent of revenue
Healthpeak PropertiesVentas
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Healthpeak PropertiesVentas

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Healthpeak Properties and Ventas pages.