CareTrust REIT Inc (CTRE) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.39	$0.39	0.0%	—	$122.8M	—
Q1 26	$0.37	$0.36	-2.7%	—	$118M	—
Q4 25	$0.38	$0.36	-5.3%	—	$107.5M	—
Q3 25	$0.38	$0.33	-13.2%	—	$104.3M	—
Q2 25	$0.39	$0.33	-15.4%	—	$86M	—
Q1 25	$0.39	$0.33	-15.4%	—	$71.6M	—
Q4 24	$0.36	$0.32	-11.1%	—	$62.2M	—
Q3 24	$0.29	$0.29	0.0%	—	$57.2M	—
Q2 24	$0.26	$0.27	+3.8%	—	$55.4M	—
Q1 24	$0.26	$0.25	-3.8%	—	$53.5M	—
Q4 23	$0.25	$0.25	0.0%	—	$53.5M	—
Q3 23	$0.23	$0.08	-65.2%	—	$51.2M	—
Q2 23	$0.22	-$0.01	-104.5%	—	$47.7M	—
Q1 23	$0.24	$0.19	-20.8%	—	$46.2M	—
Q4 22	$0.28	$0.15	-46.4%	—	$47.7M	—
Q3 22	$0.28	$0.01	-96.4%	—	$47M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.57	—	—	$369.4M	—
FY24	—	$0.81	—	—	$228.3M	—
FY23	—	$0.5	—	—	$198.6M	—
FY22	—	-$0.08	—	—	$187.5M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$103.9M	$131.1M	$155.4M	$159.1M	$175.7M	$190.2M	$187.5M	$198.6M	$228.3M	$369.4M
YoY change	+40.5%	+26.1%	+18.5%	+2.37%	+10.5%	+8.26%	-1.41%	+5.92%	+14.9%	+61.8%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	103.9M	131.1M	155.4M	159.1M	175.7M	190.2M	187.5M	198.6M	228.3M	369.4M
Cost of revenue	10.4M	13M	14.9M	5.9M	4.7M	3.6M	9.4M	9.6M	13.6M	9.6M
Gross profit	93.5M	118.1M	140.5M	153.1M	171M	186.6M	178.1M	189M	214.7M	359.8M
Gross margin	90%	90.1%	90.4%	96.3%	97.3%	98.1%	95%	95.2%	94.1%	97.4%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	9.3M	11.1M	12.6M	15.2M	16.3M	26.9M	19.3M	20.9M	27.9M	50.5M
Operating expenses	9.3M	21.5M	12.6M	16.2M	16.3M	26.9M	23.1M	20.9M	32.8M	51.5M
Operating income	52.3M	57.4M	82.2M	85.1M	101.9M	104.4M	103.8M	116M	124.1M	214.5M
Operating margin	50.3%	43.8%	52.9%	53.5%	58%	54.9%	55.4%	58.4%	54.3%	58.1%
Non-operating income, net	-796K	-9.2M	2.1M	-14.9M	-37K	-10.9M	-89.9M	-40.6M	-37.4M	47.5M
Pretax income	29.4M	25.9M	57.9M	46.4M	80.9M	72M	-7.5M	53.7M	124.4M	325.3M
Income tax	—	—	—	—	—	—	—	—	—	5M
Net income	29.4M	25.9M	57.9M	46.4M	80.9M	72M	-7.5M	53.7M	124.4M	320.3M
Net margin	28.2%	19.7%	37.3%	29.1%	46%	37.8%	-4%	27.1%	54.5%	86.7%
EBITDA	85M	98.5M	129.5M	141.3M	157.4M	162M	162.8M	186.4M	248.9M	418.7M
EPS	0.52	0.35	0.73	0.49	0.85	0.74	-0.08	0.5	0.81	1.57
Diluted EPS	0.52	0.35	0.72	0.49	0.85	0.74	-0.08	0.5	0.8	1.57

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	51.2M	53.5M	53.5M	55.4M	57.2M	62.2M	71.6M	86M	104.3M	107.5M	118M	122.8M
Cost of revenue	3.4M	2.3M	2.5M	2.2M	5.6M	3.3M	2.2M	3.1M	2.6M	1.8M	5.9M	5.9M
Gross profit	47.8M	51.2M	51M	53.2M	51.6M	58.9M	69.5M	83M	101.7M	105.7M	112.2M	117M
Gross margin	93.3%	95.7%	95.4%	96%	90.2%	94.7%	97%	96.4%	97.5%	98.4%	95%	95.2%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	5.5M	5.6M	6.6M	5.8M	6.5M	9M	8.8M	12.1M	14.9M	14.8M	14.1M	15.6M
Operating expenses	5.5M	5.6M	6.6M	5.8M	6.5M	9M	8.8M	12.1M	14.9M	14.8M	14.1M	20.2M
Operating income	29.3M	31.5M	30.8M	33.2M	30.9M	29.2M	42.6M	49.2M	59.5M	63.1M	68.4M	66.1M
Operating margin	57.1%	58.8%	57.5%	59.9%	54%	47%	59.5%	57.2%	57.1%	58.7%	58%	53.8%
Non-operating income, net	-13.5M	-3.2M	-3.3M	-27.6M	-9.6M	3.1M	4.3M	6.3M	1.9M	35M	-143K	1.4M
Pretax income	8.7M	26.3M	28.8M	10.4M	33.3M	52M	65.2M	68.9M	77M	114.2M	81.8M	90.8M
Income tax	-11K	—	—	—	—	—	—	1M	2.1M	1.9M	2.3M	2.5M
Net income	8.7M	26.3M	28.8M	10.4M	33.3M	52M	65.2M	67.9M	74.9M	112.3M	79.5M	88.2M
Net margin	17%	49.2%	53.7%	18.8%	58.2%	83.5%	91%	78.9%	71.9%	104.5%	67.3%	71.8%
EBITDA	47M	50.9M	53.8M	60.5M	65.1M	69.5M	85.4M	96.9M	114.4M	122M	122.7M	135.1M
EPS	0.08	0.22	0.22	0.07	0.21	0.29	0.35	0.36	0.35	0.5	0.36	0.38
Diluted EPS	0.08	0.22	0.22	0.07	0.21	0.29	0.35	0.35	0.35	0.5	0.36	0.38

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	1.5B	—	2.1B	2.2B	1.8B	2.4B	—	—	8.8B
Enterprise value	—	—	1.9B	—	2.6B	2.8B	2.5B	2.7B	—	—	10B
Shares outstanding	56M	72.6M	79.4M	93.1M	95.2M	96M	96.7M	106M	154.8M	203.6M	203.6M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	25.3	—	26.1	30.5	—	44.1	—	—	23.4
P/S	—	—	9.43	—	12	11.5	9.58	11.9	—	—	15.5
P/B	—	—	1.91	—	2.31	2.39	2.12	1.67	—	—	1.97
EV/EBITDA	—	—	14.8	—	16.8	17.6	15.4	14.3	—	—	20.7
EV/Sales	—	—	12.3	—	15	15	13.3	13.5	—	—	17.5
Earnings yield	—	—	3.95%	—	3.83%	3.28%	—	2.27%	—	—	4.28%
FCF yield	—	—	6.78%	—	6.51%	6.88%	7.63%	6.06%	—	—	-0.91%
PEG	—	—	—	—	—	—	—	—	—	—	4.21

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	90%	90.1%	90.4%	96.3%	97.3%	98.1%	95%	95.2%	94.1%	97.4%	95.2%
Operating margin	50.3%	43.8%	52.9%	53.5%	58%	54.9%	55.4%	58.4%	54.3%	58.1%	64.9%
Net margin	28.2%	19.7%	37.3%	29.1%	46%	37.8%	-4%	27.1%	54.5%	86.7%	62.2%
ROE	6.49%	4.35%	7.54%	5%	8.85%	7.86%	-0.88%	3.79%	4.25%	7.89%	9.06%
ROA	3.17%	2.18%	4.48%	3.05%	5.38%	4.39%	-0.46%	2.58%	3.62%	6.22%	4.44%
ROIC	—	—	—	—	—	—	—	—	—	4.44%	4.43%
Return on tangible assets	3.19%	2.19%	4.5%	3.06%	5.4%	4.39%	-0.46%	2.59%	3.63%	6.34%	6.09%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.12	0.07	0.44	0.71	0.41	0.21	0.15	4.39	3.33	1.54	3.3
Quick ratio	0.12	0.07	0.44	0.71	0.41	0.21	0.15	4.39	3.33	1.54	1.2
Debt / equity	0.99	0.94	0.64	0.6	0.6	0.74	0.85	0.42	0.14	0.22	0.27
Debt / assets	0.49	0.47	0.38	0.37	0.36	0.41	0.44	0.29	0.12	0.17	0.2
Net debt / EBITDA	5.2	5.61	3.5	3.78	3.35	4.04	4.34	1.62	0.74	1.66	2.34
Interest coverage	2.28	2.07	3.08	2.65	4.42	4.04	0.75	2.31	5.1	8.44	8.19
Effective tax rate	—	—	—	—	—	—	—	—	—	1.54%	2.41%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	1.86	1.8	1.96	1.71	1.85	1.98	1.94	1.87	1.47	1.81	2.56
EPS (basic)	0.52	0.35	0.73	0.49	0.85	0.74	-0.08	0.5	0.81	1.57	1.57
EPS (diluted)	0.52	0.35	0.72	0.49	0.85	0.74	-0.08	0.5	0.8	1.57	1.6
Book value per share	8.07	8.19	9.68	9.96	9.6	9.54	8.78	13.4	18.9	19.9	19
FCF per share	1.15	1.22	1.25	1.29	1.44	1.57	1.42	1.36	1.53	1.86	1.84
Cash per share	0.13	0.1	0.46	0.22	0.2	0.21	0.14	2.78	1.38	0.97	0.2
Capex per share	—	—	—	0.07	0.09	0.06	0.08	0.1	0.05	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	3.95%	4.72%	3.16%	3.89%	5.53%	3.53%	—	—
Capex / operating cash flow	—	—	—	5.7%	5.76%	4.13%	14.4%	9.82%	4.39%	—	—
Payout ratio	127%	203.2%	108.8%	173.9%	115.2%	140%	-1.4K%	215%	138.4%	81%	90.6%
Dividend yield	—	—	4.3%	—	4.41%	4.6%	5.91%	4.87%	—	—	4.17%

Yield

4.17%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.39

ex-dividend Jun 30, 2026

Payout ratio

91%

of earnings

Dividend growth

10 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jun 30, 2026	$0.39
Mar 31, 2026	$0.39
Dec 31, 2025	$0.335
Sep 30, 2025	$0.335
Jun 30, 2025	$0.335
Mar 31, 2025	$0.335

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$51.2M	$53.5M	$53.5M	$55.4M	$57.2M	$62.2M	$71.6M	$86M	$104.3M	$107.5M	$118M	$122.8M
YoY change	+8.93%	+12.2%	+15.9%	+16%	+11.6%	+16.3%	+33.9%	+55.3%	+82.4%	+72.8%	+64.8%	+42.8%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	7.5M	6.9M	36.8M	20.3M	18.9M	19.9M	13.2M	294.4M	213.8M	198M
Receivables	5.9M	5.3M	11.4M	2.6M	1.8M	2.4M	416K	395K	1.2M	10.4M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	14.8M	13.1M	56.8M	68.3M	38.4M	27.1M	25.9M	309.9M	368.3M	300.6M
Property, plant & equipment	—	—	—	—	—	—	—	—	—	—
Goodwill & intangibles	3.8M	4.8M	4.8M	3.3M	4.7M	2.5M	5.7M	10.6M	8.8M	96.7M
Total assets	925.4M	1.2B	1.3B	1.5B	1.5B	1.6B	1.6B	2.1B	3.4B	5.1B
Accounts payable	12.1M	17.4M	16M	15M	19.6M	25.4M	24.4M	34M	56.3M	120.4M
Short-term debt	95M	165M	95M	60M	50M	80M	125M	—	—	—
Total current liabilities	118.2M	196.5M	128.8M	96.6M	93.8M	131.7M	176.9M	70.5M	110.7M	195.2M
Long-term debt	354.7M	393.9M	394.8M	494.6M	495.6M	593.4M	594.5M	595.6M	396.9M	894.2M
Total liabilities	472.9M	590.4M	523.5M	591.3M	589.4M	725.1M	771.4M	666.1M	507.6M	1.1B
Shareholders' equity	452.4M	594.6M	768.2M	927.6M	914.1M	915.8M	849.4M	1.4B	2.9B	4.1B
Total debt	449.7M	558.9M	489.8M	554.6M	545.6M	673.4M	719.5M	595.6M	396.9M	894.2M
Net debt	442.2M	552M	453M	534.3M	526.7M	653.5M	706.3M	301.1M	183.1M	696.2M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	3.5M	294.4M	451.2M	495.1M	377.1M	213.8M	26.5M	306.1M	712.5M	198M	223.2M	47.6M
Receivables	383K	395K	402K	1.1M	881K	1.2M	2M	2.7M	7.4M	10.4M	14.5M	18M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	45.9M	309.9M	464.1M	525M	394M	368.3M	747.8M	461.2M	846.1M	300.6M	330.2M	623.4M
Property, plant & equipment	—	—	—	—	—	—	—	—	—	—	—	—
Goodwill & intangibles	5.7M	10.6M	10.6M	—	—	8.8M	8.2M	78.5M	94.1M	96.7M	97.8M	100.4M
Total assets	1.8B	2.1B	2.3B	2.7B	2.9B	3.4B	3.9B	4.7B	5.1B	5.1B	5.2B	5.9B
Accounts payable	28.9M	34M	35.3M	37.1M	49.7M	56.3M	51.1M	109.1M	103.1M	120.4M	100.1M	118.7M
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	310M
Total current liabilities	61.3M	70.5M	76.5M	81.8M	99.4M	110.7M	114.1M	176.2M	177.9M	195.2M	188.6M	520.9M
Long-term debt	595.3M	595.6M	595.9M	671.1M	396.7M	396.9M	822.1M	1.2B	893.8M	894.2M	894.6M	895.1M
Total liabilities	656.6M	666.1M	672.3M	753M	496.1M	507.6M	936.3M	1.3B	1.1B	1.1B	1.1B	1.4B
Shareholders' equity	1.1B	1.4B	1.7B	1.9B	2.4B	2.9B	2.9B	3.3B	4B	4.1B	4.2B	4.5B
Total debt	595.3M	595.6M	595.9M	671.1M	396.7M	396.9M	822.1M	1.2B	893.8M	894.2M	894.6M	1.2B
Net debt	591.8M	301.1M	144.7M	176M	19.6M	183.1M	795.6M	849.3M	181.3M	696.2M	671.4M	1.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	29.4M	25.9M	57.9M	46.4M	80.9M	72M	-7.5M	53.7M	124.4M	320.3M
Depreciation & amortization	32M	39.2M	45.8M	51.9M	52.8M	55.4M	50.4M	50.9M	54.1M	86.4M
Stock-based compensation	1.5M	2.4M	3.8M	4.1M	3.8M	10.8M	5.8M	5.2M	6.1M	11.9M
Change in working capital	-475K	-4.2M	-5.2M	-3.6M	4.6M	5.5M	-445K	-9K	-808K	27.8M
Operating cash flow	63.8M	64.4M	101.7M	110.3M	144M	145.6M	50.5M	111.8M	183.4M	394M
Capital expenditure	—	—	—	-6.3M	-8.3M	-6M	-7.3M	-11M	-8.1M	—
Investing cash flow	-5.4M	-4.9M	-7.4M	2M	39.1M	-6.9M	-984K	-16.6M	-160.9M	-169.8M
Dividends paid	-37.3M	-52.6M	-63M	-80.6M	-93.2M	-100.8M	-106.1M	-115.5M	-172.2M	-259.3M
Share repurchases	-515K	-866K	-1.3M	-2.5M	-404K	-1.3M	—	—	—	—
Financing cash flow	215.7M	212.3M	44.3M	170.7M	-105.6M	-154.6M	-138.7M	84.3M	1.2B	1.1B
Net change in cash	274.1M	271.8M	138.6M	283M	77.5M	-15.9M	-89.2M	179.6M	1.2B	1.3B
Free cash flow	64.4M	88.8M	99.4M	120M	137.4M	150.9M	137.1M	143.8M	236.2M	379M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	8.7M	26.3M	28.8M	10.4M	33.3M	52M	65.2M	67.9M	74.9M	112.3M	79.5M	88.2M
Depreciation & amortization	13M	12.8M	12.9M	13.3M	13.2M	14.6M	17M	20.3M	22M	27.2M	29.5M	30.4M
Stock-based compensation	1.5M	1.8M	2.1M	1.4M	1.1M	1.5M	3.9M	3M	2.5M	2.5M	3.4M	3M
Change in working capital	-3K	-20K	1.8M	-704K	201K	-290K	-5.1M	1.4M	7.7M	16.3M	-15.8M	18.6M
Operating cash flow	23.6M	41.2M	45.8M	23.7M	46.2M	69.6M	80M	100.8M	100.9M	121M	90.4M	134.7M
Capital expenditure	-2.8M	-1.8M	-398K	-925K	-2.9M	-3.9M	-2.3M	—	—	—	—	—
Investing cash flow	20.7M	-1.6M	-4.5M	-250.7M	203.3M	-100M	-33.8M	18.6M	16.4M	-133.4M	187K	-727.7M
Dividends paid	-27.8M	-32.4M	-36.5M	-41.2M	-44.7M	-49.7M	-54.4M	-63.1M	-67.1M	-74.8M	-74.8M	-88.5M
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	3.2M	283.8M	231.1M	336.4M	174.2M	447.1M	383.2M	886.8M	381.2M	-75.3M	40.5M	570.4M
Net change in cash	47.5M	323.5M	272.4M	109.3M	423.6M	416.7M	429.5M	1B	498.5M	-87.8M	131.1M	-22.6M
Free cash flow	42.4M	40.8M	48.4M	52M	64.4M	71.3M	69.1M	96.3M	97.7M	116M	87.2M	130.5M

CareTrust REIT Inc Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement