CareTrust REIT, Inc (CTRE) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CTRE SEC filings page.
CareTrust REIT, Inc (CTRE) reported $571.4M in revenue over the twelve months to Jun 30, 2026, up 53.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
CareTrust is scaling an asset-heavy property platform through heavy investment, while operating cash flow stays ahead of earnings and leverage remains moderate.
Assets expanded from$2.08B in FY2023 to$5.15B in FY2025, while FY2025 investing outflows reached$1.46B alongside$1.05B of financing inflows. This combination points to a capital-intensive scale-up funded partly through external capital, rather than growth produced solely by retained operating cash.
Cash conversion is informative: FY2025 operating cash flow of
Debt-to-equity fell from 0.4x in FY2023 to 0.2x in FY2025, showing that the enlarged platform was not built mainly by increasing leverage. FY2025 liabilities of
Financial Health Signals
Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of CareTrust REIT, Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. CareTrust REIT, Inc scores 98/100 on it among other REITs.
FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. CareTrust REIT, Inc scores 93/100 on it among other REITs.
Not available for CareTrust REIT, Inc, and counted as zero in the overall score.
Not available for CareTrust REIT, Inc, and counted as zero in the overall score.
AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. CareTrust REIT, Inc scores 98/100 on it among other REITs.
Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. CareTrust REIT, Inc scores 60/100 on it among other REITs.
CareTrust REIT, Inc passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, CareTrust REIT, Inc generates $1.23 in operating cash flow ($394.0M OCF vs $320.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
CareTrust REIT, Inc generated $161.3M in revenue in Q2 2026. This represents an increase of 43.5% from the same quarter a year earlier. Against the prior quarter it is up 13.0%.
CareTrust REIT, Inc reported $89.0M in net income in Q2 2026. This represents an increase of 29.8% from the same quarter a year earlier. Against the prior quarter it is up 11.0%.
CareTrust REIT, Inc earned $0.38 per diluted share (EPS) in Q2 2026. This represents an increase of 8.6% from the same quarter a year earlier. Against the prior quarter it is up 5.6%.
Not reported for Q2 2026.
Cash & Balance Sheet
CareTrust REIT, Inc held $47.6M in cash against $1.2B in long-term debt as of Q2 2026.
CareTrust REIT, Inc paid $0.39 per share in dividends in Q2 2026. This represents an increase of 16.4% from the same quarter a year earlier. It is unchanged from the prior quarter.
Not reported for Q2 2026.
Margins & Returns
CareTrust REIT, Inc's net profit margin was 55.2% in Q2 2026, showing the share of revenue converted to profit. This is down 5.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.0 percentage points.
CareTrust REIT, Inc's ROE was 2.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.1 percentage points from the same quarter a year earlier. It is unchanged from the prior quarter.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
CTRE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $161.3M+43.5% | $142.8M+47.8% | $134.9M+55.1% | $132.4M+71.2% | $112.5M+63.3% | $96.6M+53.2% | $86.9M+45.6% | $77.4M+38.5% |
| SG&A Expenses | $15.8M+25.7% | $14.3M+58.9% | $15.5M+66.6% | $15.4M+131.4% | $12.5M+104.5% | $9.0M+32.0% | $9.3M+42.7% | $6.7M+20.7% |
| Interest Expense | $15.3M+17.5% | $11.2M+68.6% | $11.4M+122.1% | $12.6M+52.4% | $13.0M+50.2% | $6.7M-18.9% | $5.1M-38.0% | $8.3M-29.5% |
| Income Tax | $2.5M+146.1% | $2.3M | $1.9M | $2.1M | $1.0M | $0 | N/A | $0 |
| Net Income | $89.0M+29.8% | $80.2M+21.9% | $111.3M+113.5% | $74.9M+124.0% | $68.5M+537.2% | $65.8M+128.9% | $52.1M+98.3% | $33.4M+284.6% |
| EPS (Basic) | $0.38+5.6% | $0.36+2.9% | $0.51+64.5% | $0.35+66.7% | $0.36+414.3% | $0.35+59.1% | $0.31+34.8% | $0.21+162.5% |
| EPS (Diluted) | $0.38+8.6% | $0.36+2.9% | $0.51+70.0% | $0.35+66.7% | $0.35+400.0% | $0.35+59.1% | $0.30 | $0.21+162.5% |
| Diluted Shares (Avg) | 234M+21.5% | 224M+19.5% | N/A | 212M+32.8% | 193M+32.8% | 187M+40.7% | N/A | 160M+53.2% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.
CTRE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.9B+27.3% | $5.2B+34.8% | $5.1B+49.8% | $5.1B+74.2% | $4.7B+72.5% | $3.9B+65.4% | $3.4B+64.9% | $2.9B+65.2% |
| Cash & Equivalents | $47.6M-84.4% | $223.2M+742.0% | $198.0M-7.4% | $712.5M+88.9% | $306.1M-38.2% | $26.5M-94.1% | $213.8M-27.4% | $377.1M+10720.7% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $18.0M+568.6% | $14.5M+640.3% | $10.4M+783.1% | $7.4M+738.7% | $2.7M+145.2% | $2.0M+386.1% | $1.2M+197.2% | $881K+130.0% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.4B+6.3% | $1.1B+15.7% | $1.1B+114.6% | $1.1B+116.0% | $1.3B+76.8% | $936.3M+39.3% | $507.6M-23.8% | $496.1M-24.4% |
| Long-Term Debt | $1.2B+4.3% | $894.6M+8.8% | $894.2M+125.3% | $893.8M+125.3% | $1.2B+72.1% | $822.1M+38.0% | $396.9M-33.4% | $396.7M-33.4% |
| Total Equity | $4.5B+36.1% | $4.1B+41.1% | $4.0B+38.7% | $4.0B+64.9% | $3.3B+69.8% | $2.9B+74.9% | $2.9B+105.3% | $2.4B+118.2% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Goodwill, Current Liabilities, Non-Current Liabilities, Retained Earnings.
CTRE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $134.7M+33.7% | $90.4M+26.6% | $121.0M+60.8% | $100.9M+50.1% | $100.8M+90.2% | $71.4M+46.2% | $75.2M+76.3% | $67.2M+49.1% |
| Depreciation & Amortization | $30.4M+43.1% | $29.4M+65.0% | $27.1M+75.0% | $26.7M+90.5% | $21.2M+53.1% | $17.8M+32.7% | $15.5M+17.4% | $14.0M+7.5% |
| Stock-Based Compensation | $3.0M-0.1% | $3.4M-11.8% | N/A | $2.5M+118.1% | $3.0M+115.2% | $3.9M+84.4% | N/A | $1.1M-24.8% |
| Investing Cash Flow | -$885.4M-12.2% | -$105.2M-193.1% | -$560.3M+18.3% | -$75.7M+78.9% | -$789.4M-128.5% | -$35.9M+70.9% | -$685.6M-1830.7% | -$359.4M-545.8% |
| Financing Cash Flow | $576.9M+59.4% | $40.5M-89.4% | -$75.3M-116.8% | $381.2M+118.9% | $361.8M+7.6% | $383.2M+65.8% | $447.1M+57.5% | $174.2M+1251.1% |
| Dividends Paid | $88.5M+40.3% | $74.8M+37.5% | $74.8M+50.4% | $67.1M+50.0% | $63.1M+53.1% | $54.4M+48.9% | $49.7M+53.4% | $44.7M+60.6% |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Share Buybacks.
CTRE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 55.2%-5.8pp | 56.2%-11.9pp | 82.5%+22.6pp | 56.5%+13.3pp | 61.0%+45.3pp | 68.1%+22.5pp | 60.0%+15.9pp | 43.2%+27.7pp |
| Return on Equity | 2.0%-0.1pp | 1.9%-0.3pp | 2.8%+1.0pp | 1.9%+0.5pp | 2.1%+1.5pp | 2.3%+0.5pp | 1.8%-0.1pp | 1.4%+0.6pp |
| Return on Assets | 1.5%0.0pp | 1.5%-0.2pp | 2.2%+0.6pp | 1.5%+0.3pp | 1.5%+1.1pp | 1.7%+0.5pp | 1.5%+0.3pp | 1.1%+0.7pp |
| Debt-to-Equity | 0.27-0.1x | 0.22-0.1x | 0.22+0.1x | 0.22+0.1x | 0.350.0x | 0.28-0.1x | 0.14-0.3x | 0.16-0.4x |
| Asset Turnover | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.020.0x | 0.020.0x | 0.030.0x | 0.030.0x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| CareTrust REIT, Inc CTRE | FY2025 | $476.4M | $320.5M | 67.3% | $8.5B | 58/100 |
| American Healthcare REIT, Inc. AHR | FY2025 | $2.3B | $70.8M | 3.1% | $11.1B | 52/100 |
| Healthcare Realty Trust Incorporated HR | FY2025 | $1.2B | -$249.5M | -21.1% | $5.9B | 22/100 |
| Sabra Healthcare REIT, Inc. SBRA | FY2025 | $774.6M | $155.6M | 20.1% | $4.8B | 43/100 |
| Medical Properties Trust, Inc. MPW | FY2025 | $972.0M | -$277.0M | -28.5% | $3.0B | 2/100 |
| National Health Investors NHI | FY2025 | $375.6M | $142.2M | 37.9% | $3.2B | 36/100 |
Where CareTrust REIT, Inc Ranks
Frequently Asked Questions
What is CareTrust REIT, Inc's annual revenue?
CareTrust REIT, Inc (CTRE) reported $476.4M in total revenue for fiscal year 2025. This represents a 60.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is CareTrust REIT, Inc's revenue growing?
CareTrust REIT, Inc (CTRE) revenue grew by 60.8% year-over-year, from $296.3M to $476.4M in fiscal year 2025.
Is CareTrust REIT, Inc profitable?
Yes, CareTrust REIT, Inc (CTRE) reported a net income of $320.5M in fiscal year 2025, with a net profit margin of 67.3%.
How much debt does CareTrust REIT, Inc have?
As of fiscal year 2025, CareTrust REIT, Inc (CTRE) had $198.0M in cash and equivalents against $894.2M in long-term debt.
What is CareTrust REIT, Inc's net profit margin?
CareTrust REIT, Inc (CTRE) had a net profit margin of 67.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does CareTrust REIT, Inc pay dividends?
Yes, CareTrust REIT, Inc (CTRE) paid $1.34 per share in dividends during fiscal year 2025.
What is CareTrust REIT, Inc's return on equity (ROE)?
CareTrust REIT, Inc (CTRE) has a return on equity of 7.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is CareTrust REIT, Inc's operating cash flow?
CareTrust REIT, Inc (CTRE) generated $394.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are CareTrust REIT, Inc's total assets?
CareTrust REIT, Inc (CTRE) had $5.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What is CareTrust REIT, Inc's debt-to-equity ratio?
CareTrust REIT, Inc (CTRE) had a debt-to-equity ratio of 0.22 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is CareTrust REIT, Inc's return on assets (ROA)?
CareTrust REIT, Inc (CTRE) had a return on assets of 6.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is CareTrust REIT, Inc's P/E ratio?
CareTrust REIT, Inc (CTRE) trades at 24.0x earnings, its market capitalization divided by net income of $355.4M net income, trailing 12 months to June 30, 2026. The market capitalization is $8.5B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is CareTrust REIT, Inc's price-to-sales ratio?
CareTrust REIT, Inc (CTRE) trades at 14.9x sales, its market capitalization divided by revenue of $571.4M revenue, trailing 12 months to June 30, 2026. The market capitalization is $8.5B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is CareTrust REIT, Inc's Piotroski F-Score?
CareTrust REIT, Inc (CTRE) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are CareTrust REIT, Inc's earnings high quality?
CareTrust REIT, Inc (CTRE) has an earnings quality ratio of 1.23x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is CareTrust REIT, Inc?
CareTrust REIT, Inc (CTRE) scores 58 out of 100 on our Financial Health Score, indicating moderate standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.