Brookdale Senior Living Inc.
BKD NYSE Services-Nursing & Personal Care Facilities Financials FY2016–FY2025
Revenue
Total sales reported in the income statement.
$3.2B
2.2%
vs prior year
Operating margin
Operating income as a share of revenue.
0.4%
1.1 pts
Net income
Profit after all expenses, interest and tax.
−$263M
Free cash flow
Cash from operations minus capital spending.
$16.5M
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
0.3%
0.7 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On −$0.59 EPS (TTM)
What Brookdale Senior Living Inc. does
No business description yet.
- Legal name
- Brookdale Senior Living Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 19, 2026
- Accession · CIK
- 0001332349-26-000032
0001332349
Revenue and margins
Brookdale Senior Living Inc. had $3.2B of revenue in fiscal 2025, up 2.2% on the year before.
FY16
Revenue $5.0B
FY17
Revenue $4.7B
FY18
Revenue $4.5B
FY19
Revenue $4.1B
FY20
Revenue $3.5B
FY21
Revenue $2.8B
FY22
Revenue $2.8B
FY23
Revenue $3.0B
FY24
Revenue $3.1B
FY25
Revenue $3.2B
Q3 '23
Revenue $757M
Q4 '23
Revenue $754M
Q1 '24
Revenue $783M
Q2 '24
Revenue $778M
Q3 '24
Revenue $784M
Q4 '24
Revenue $781M
Q1 '25
Revenue $814M
Q2 '25
Revenue $813M
Q3 '25
Revenue $813M
Q4 '25
Revenue $754M
Q1 '26
Revenue $765M
Q2 '26
Revenue $719M
FY16
Gross 28.9%
Operating −0.6%
Net −8.1%
FCF 0.8%
FY17
Gross 26.4%
Operating −5.7%
Net −12.0%
FCF 3.5%
FY18
Gross 23.6%
Operating −13.1%
Net −11.7%
FCF −0.5%
FY19
Gross 21.6%
Operating −1.1%
Net −6.6%
FCF −2.2%
FY20
Gross 22.5%
Operating −2.8%
Net 2.3%
FCF 0.6%
FY21
Gross 18.2%
Operating −7.9%
Net −3.6%
FCF −9.8%
FY22
Gross 21.0%
Operating −1.5%
Net −8.4%
FCF −6.9%
FY23
Gross 24.8%
Operating 0.6%
Net −6.3%
FCF −2.3%
FY24
Gross 25.6%
Operating 1.5%
Net −6.5%
FCF −1.1%
FY25
Gross 26.2%
Operating 0.4%
Net −8.2%
FCF 0.5%
Gross
Operating
Net
FCF
Q3 '23
Gross 24.4%
Operating −0.8%
Net −6.4%
FCF −2.5%
Q4 '23
Gross 25.0%
Operating −3.2%
Net −12.1%
FCF −3.9%
Q1 '24
Gross 26.1%
Operating 2.5%
Net −3.8%
FCF −5.8%
Q2 '24
Gross 26.3%
Operating 2.5%
Net −4.9%
FCF 0.5%
Q3 '24
Gross 25.3%
Operating 1.3%
Net −6.5%
FCF 1.5%
Q4 '24
Gross 24.6%
Operating −0.3%
Net −10.7%
FCF −0.7%
Q1 '25
Gross 27.4%
Operating 3.6%
Net −8.0%
FCF −2.3%
Q2 '25
Gross 26.6%
Operating 1.8%
Net −5.3%
FCF 3.6%
Q3 '25
Gross 25.9%
Operating −6.6%
Net −14.1%
FCF 4.3%
Q4 '25
Gross 24.9%
Operating 3.0%
Net −5.3%
FCF −3.9%
Q1 '26
Gross 28.3%
Operating 6.8%
Net −0.9%
FCF −3.3%
Q2 '26
Gross 28.6%
Operating 11.9%
Net 3.2%
FCF 6.1%
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY16
Net income −$404M
FY17
Net income −$571M
FY18
Net income −$528M
FY19
Net income −$268M
FY20
Net income $82.0M
FY21
Net income −$99.3M
FY22
Net income −$238M
FY23
Net income −$189M
FY24
Net income −$202M
FY25
Net income −$263M
Q3 '23
Net income −$48.8M
Q4 '23
Net income −$91.2M
Q1 '24
Net income −$29.6M
Q2 '24
Net income −$37.7M
Q3 '24
Net income −$50.7M
Q4 '24
Net income −$83.9M
Q1 '25
Net income −$65.0M
Q2 '25
Net income −$43.0M
Q3 '25
Net income −$115M
Q4 '25
Net income −$40.0M
Q1 '26
Net income −$6.9M
Q2 '26
Net income $23.3M
FY16
Diluted EPS −$2.18
FY17
Diluted EPS −$3.07
FY18
Diluted EPS −$2.82
FY19
Diluted EPS −$1.44
FY20
Diluted EPS $0.44
FY21
Diluted EPS −$0.54
FY22
Diluted EPS −$1.25
FY23
Diluted EPS −$0.84
FY24
Diluted EPS −$0.89
FY25
Diluted EPS −$1.12
Q3 '23
Diluted EPS −$0.22
Q4 '23
Diluted EPS −$0.40
Q1 '24
Diluted EPS −$0.13
Q2 '24
Diluted EPS −$0.17
Q3 '24
Diluted EPS −$0.22
Q4 '24
Diluted EPS −$0.37
Q1 '25
Diluted EPS −$0.28
Q2 '25
Diluted EPS −$0.18
Q3 '25
Diluted EPS −$0.48
Q4 '25
Diluted EPS −$0.18
Q1 '26
Diluted EPS −$0.03
Q2 '26
Diluted EPS $0.10
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY16
Return on capital −0.3%
Return on equity −19.5%
Return on assets −4.4%
FY17
Return on capital −3.5%
Return on equity −31.7%
Return on assets −6.8%
FY18
Return on capital −11.1%
Return on equity −41.4%
Return on assets −7.5%
FY19
Return on capital −0.9%
Return on equity −31.2%
Return on assets −3.9%
FY20
Return on capital −2.2%
Return on equity 11.0%
Return on assets 1.2%
FY21
Return on capital −4.3%
Return on equity −13.3%
Return on assets −1.5%
FY22
Return on capital −0.8%
Return on equity −37.3%
Return on assets −3.9%
FY23
Return on capital 0.4%
Return on equity −38.3%
Return on assets −3.3%
FY24
Return on capital 0.9%
Return on equity −65.5%
Return on assets −3.4%
FY25
Return on capital 0.3%
Return on equity −313.2%
Return on assets −4.3%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $16.5M in fiscal 2025, 0.5% of revenue. Cash from operations minus capital spending.
FY16
Free cash flow $40.0M
FY17
Free cash flow $164M
FY18
Free cash flow −$21.5M
FY19
Free cash flow −$87.7M
FY20
Free cash flow $19.8M
FY21
Free cash flow −$271M
FY22
Free cash flow −$194M
FY23
Free cash flow −$70.3M
FY24
Free cash flow −$35.1M
FY25
Free cash flow $16.5M
Q3 '23
Free cash flow −$19.1M
Q4 '23
Free cash flow −$29.2M
Q1 '24
Free cash flow −$45.5M
Q2 '24
Free cash flow $4.1M
Q3 '24
Free cash flow $11.5M
Q4 '24
Free cash flow −$5.1M
Q1 '25
Free cash flow −$18.4M
Q2 '25
Free cash flow $29.1M
Q3 '25
Free cash flow $34.9M
Q4 '25
Free cash flow −$29.1M
Q1 '26
Free cash flow −$25.6M
Q2 '26
Free cash flow $43.5M
FY16
Cash from operations $374M
Capital spending $334M
FY17
Cash from operations $378M
Capital spending $214M
FY18
Cash from operations $204M
Capital spending $225M
FY19
Cash from operations $216M
Capital spending $304M
FY20
Cash from operations $206M
Capital spending $186M
FY21
Cash from operations −$94.6M
Capital spending $177M
FY22
Cash from operations $3.3M
Capital spending $197M
FY23
Cash from operations $163M
Capital spending $233M
FY24
Cash from operations $166M
Capital spending $201M
FY25
Cash from operations $218M
Capital spending $202M
Cash from operations
Capital spending
Q3 '23
Cash from operations $45.8M
Capital spending $64.9M
Q4 '23
Cash from operations $29.3M
Capital spending $58.5M
Q1 '24
Cash from operations −$1.1M
Capital spending $44.4M
Q2 '24
Cash from operations $55.7M
Capital spending $51.6M
Q3 '24
Cash from operations $66.5M
Capital spending $55.0M
Q4 '24
Cash from operations $45.2M
Capital spending $50.3M
Q1 '25
Cash from operations $23.4M
Capital spending $41.8M
Q2 '25
Cash from operations $83.6M
Capital spending $54.5M
Q3 '25
Cash from operations $76.5M
Capital spending $41.6M
Q4 '25
Cash from operations $34.5M
Capital spending $63.7M
Q1 '26
Cash from operations $20.9M
Capital spending $46.5M
Q2 '26
Cash from operations $91.9M
Capital spending $48.4M
Cash from operations
Capital spending
Dividends, buybacks and share count
Brookdale Senior Living Inc. returned — to shareholders in fiscal 2025. The diluted share count rose 3.4%.
FY16
Dividends —
Buybacks $9.6M
FY17
Dividends —
Buybacks $0.0M
FY18
Dividends —
Buybacks $4.3M
FY19
Dividends —
Buybacks $24.0M
FY20
Dividends —
Buybacks $18.1M
FY21
Dividends —
Buybacks $0.0M
FY22
Dividends —
Buybacks $0.0M
FY23
Dividends —
Buybacks —
FY24
Dividends —
Buybacks —
FY25
Dividends —
Buybacks —
Dividends
Buybacks
FY16
Diluted shares 0.19B
FY17
Diluted shares 0.19B
FY18
Diluted shares 0.19B
FY19
Diluted shares 0.19B
FY20
Diluted shares 0.18B
FY21
Diluted shares 0.18B
FY22
Diluted shares 0.19B
FY23
Diluted shares 0.23B
FY24
Diluted shares 0.23B
FY25
Diluted shares 0.24B
Balance sheet
Cash, debt and the ratios that show how comfortably Brookdale Senior Living Inc. can carry it.
FY16
Cash $216M
Debt $6.0B
FY17
Cash $514M
Debt $5.1B
FY18
Cash $413M
Debt $3.6B
FY19
Cash $309M
Debt $4.4B
FY20
Cash $553M
Debt $4.5B
FY21
Cash $529M
Debt $4.4B
FY22
Cash $448M
Debt $4.1B
FY23
Cash $308M
Debt $3.8B
FY24
Cash $329M
Debt $4.4B
FY25
Cash $279M
Debt $4.3B
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $529M | $448M | $308M | $329M | $279M |
| Debt incl. finance leases | $4.4B | $4.1B | $3.8B | $4.4B | $4.3B |
| Net debt / EBITDA | 30.2x | 11.7x | 9.6x | 9.8x | 10.5x |
| Debt / equity | 5.5x | 6.6x | 9.2x | 19.1x | — |
| Interest coverage | −1.1x | −0.2x | 0.1x | 0.2x | — |
| Current ratio | 1.1x | 1.0x | 0.8x | 0.9x | 1.0x |
| Quick ratio | 1.1x | 1.0x | 0.8x | 0.9x | 1.0x |
| Total assets | $6.4B | $5.9B | $5.6B | $6.3B | $6.0B |
| Total liabilities | $5.7B | $5.4B | $5.2B | $6.1B | $6.0B |
| Shareholders' equity | $697M | $583M | $404M | $212M | −$44.8M |
| Net debt (− = net cash) | $3.9B | $3.7B | $3.5B | $4.0B | $4.0B |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | ✕ | ✕ | ✕ | ✕ | ✓ | ✕ | ✕ | ✕ | ✕ | ✕ |
| Cash from operations is positive | ✓ | ✓ | ✓ | ✓ | ✓ | ✕ | ✓ | ✓ | ✓ | ✓ |
| Return on assets rose | — | ✕ | ✕ | ✓ | ✓ | ✕ | ✕ | ✓ | ✓ | ✕ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Debt fell relative to assets | — | ✕ | ✓ | ✓ | ✕ | ✕ | ✕ | ✕ | ✓ | ✕ |
| Current ratio rose | — | ✕ | ✓ | ✕ | ✓ | ✕ | ✕ | ✕ | ✓ | ✓ |
| Share count didn't rise | — | ✕ | ✕ | ✓ | ✓ | ✕ | ✕ | ✕ | ✕ | ✕ |
| Gross margin rose | — | ✕ | ✕ | ✕ | ✓ | ✕ | ✓ | ✓ | ✓ | ✓ |
| Revenue rose relative to assets | — | ✓ | ✓ | ✕ | ✕ | ✕ | ✓ | ✓ | ✕ | ✓ |
| F-score | — / 3 | 3 / 9 | 5 / 9 | 5 / 9 | 7 / 9 | 1 / 9 | 4 / 9 | 5 / 9 | 6 / 9 | 5 / 9 |
| Accruals ratio | −8.4% | −11.2% | −10.4% | −7.1% | −1.8% | −0.1% | −3.9% | −6.1% | −6.2% | −7.8% |
| Altman Z'' | −0.49 | −1.22 | −1.97 | −1.88 | −1.44 | −1.77 | −1.94 | −2.28 | −2.06 | −2.36 |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $5.0B | $4.7B | $4.5B | $4.1B | $3.5B | $2.8B | $2.8B | $3.0B | $3.1B | $3.2B |
| Gross profit | $1.4B | $1.3B | $1.1B | $877M | $797M | $501M | $594M | $747M | $799M | $838M |
| Operating income | −$31.1M | −$270M | −$594M | −$44.5M | −$97.7M | −$217M | −$42.7M | $18.4M | $46.5M | $13.5M |
| Interest expense | $386M | $326M | $280M | $248M | $209M | $195M | $205M | $238M | $253M | — |
| Pretax income | −$399M | −$588M | −$578M | −$271M | $87.3M | −$108M | −$240M | −$180M | −$197M | −$265M |
| Income tax | $5.4M | −$16.5M | −$49.5M | −$2.3M | $5.4M | −$8.2M | −$1.6M | $8.8M | $4.6M | −$2.0M |
| Net income | −$404M | −$571M | −$528M | −$268M | $82.0M | −$99.3M | −$238M | −$189M | −$202M | −$263M |
| Diluted EPS | −$2.18 | −$3.07 | −$2.82 | −$1.44 | $0.44 | −$0.54 | −$1.25 | −$0.84 | −$0.89 | −$1.12 |
| Diluted shares | 0.19B | 0.19B | 0.19B | 0.19B | 0.18B | 0.18B | 0.19B | 0.23B | 0.23B | 0.24B |
| Cash flow | ||||||||||
| Cash from operations | $374M | $378M | $204M | $216M | $206M | −$94.6M | $3.3M | $163M | $166M | $218M |
| Capital expenditure | $334M | $214M | $225M | $304M | $186M | $177M | $197M | $233M | $201M | $202M |
| Free cash flow | $40.0M | $164M | −$21.5M | −$87.7M | $19.8M | −$271M | −$194M | −$70.3M | −$35.1M | $16.5M |
| Depreciation and amortization | $530M | $495M | $456M | $384M | $365M | $345M | $354M | $350M | $368M | $370M |
| Stock-based compensation | $32.3M | $27.8M | $26.1M | $23.0M | $20.7M | $16.3M | $14.5M | $12.0M | $14.2M | $11.9M |
| Acquisitions | $12.2M | $5.2M | — | — | — | — | — | — | — | — |
| Share buybacks | $9.6M | $0.0M | $4.3M | $24.0M | $18.1M | $0.0M | $0.0M | — | — | — |
| Dividends and buybacks | $9.6M | $0.0M | $4.3M | $24.0M | $18.1M | $0.0M | $0.0M | — | — | — |
| Balance sheet | ||||||||||
| Cash and short-term investments | $216M | $514M | $413M | $309M | $553M | $529M | $448M | $308M | $329M | $279M |
| Total debt | $6.0B | $5.1B | $3.6B | $3.6B | $3.9B | $3.8B | $3.9B | $3.7B | $4.1B | $4.3B |
| Finance lease liabilities | — | — | — | $835M | $563M | $554M | $249M | $152M | $304M | $25.6M |
| Current assets | $620M | $902M | $774M | $596M | $774M | $699M | $637M | $478M | $513M | $554M |
| Current liabilities | $731M | $1.1B | $773M | $1.0B | $691M | $632M | $641M | $600M | $580M | $568M |
| Property and equipment, net | $7.4B | $5.9B | $5.3B | — | — | — | — | — | — | — |
| Goodwill | $705M | $506M | $154M | $154M | $154M | $27.3M | $27.3M | $27.3M | $27.3M | $27.3M |
| Intangible assets | $83.0M | $68.0M | $51.5M | $35.2M | $34.1M | — | — | — | — | — |
| Total assets | $9.2B | $7.7B | $6.5B | $7.2B | $6.9B | $6.4B | $5.9B | $5.6B | $6.3B | $6.0B |
| Total liabilities | $7.1B | $6.1B | $5.4B | $6.5B | $6.1B | $5.7B | $5.4B | $5.2B | $6.1B | $6.0B |
| Preferred stock | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $2.1B | $1.5B | $1.0B | $696M | $800M | $697M | $583M | $404M | $212M | −$44.8M |
| Margins | ||||||||||
| Gross margin | 28.9% | 26.4% | 23.6% | 21.6% | 22.5% | 18.2% | 21.0% | 24.8% | 25.6% | 26.2% |
| Operating margin | −0.6% | −5.7% | −13.1% | −1.1% | −2.8% | −7.9% | −1.5% | 0.6% | 1.5% | 0.4% |
| EBITDA margin | 10.0% | 4.7% | −3.1% | 8.4% | 7.6% | 4.6% | 11.0% | 12.2% | 13.2% | 12.0% |
| Net margin | −8.1% | −12.0% | −11.7% | −6.6% | 2.3% | −3.6% | −8.4% | −6.3% | −6.5% | −8.2% |
| FCF margin | 0.8% | 3.5% | −0.5% | −2.2% | 0.6% | −9.8% | −6.9% | −2.3% | −1.1% | 0.5% |
| Returns | ||||||||||
| Return on capital | −0.3% | −3.5% | −11.1% | −0.9% | −2.2% | −4.3% | −0.8% | 0.4% | 0.9% | 0.3% |
| Return on capital employed | −0.4% | −4.1% | −10.4% | −0.7% | −1.6% | −3.8% | −0.8% | 0.4% | 0.8% | 0.3% |
| Return on equity | −19.5% | −31.7% | −41.4% | −31.2% | 11.0% | −13.3% | −37.3% | −38.3% | −65.5% | −313.2% |
| Return on assets | −4.4% | −6.8% | −7.5% | −3.9% | 1.2% | −1.5% | −3.9% | −3.3% | −3.4% | −4.3% |
| Return on tangible equity | −31.4% | −59.7% | −65.0% | −52.8% | 13.4% | −14.8% | −42.9% | −50.2% | −109.1% | — |
| Growth | ||||||||||
| Revenue growth | — | −4.6% | −4.5% | −10.5% | −12.7% | −22.1% | 2.4% | 6.7% | 3.6% | 2.2% |
| Net income growth | — | — | — | — | — | −221.1% | — | — | — | — |
| EPS growth | — | — | — | — | — | −222.7% | — | — | — | — |
| FCF growth | — | 311.1% | −113.1% | — | — | −1,471.7% | — | — | — | — |
| Share count change | — | 0.3% | 0.7% | −0.8% | −0.8% | 0.3% | 3.0% | 18.2% | 1.0% | 3.4% |
| Financial health | ||||||||||
| Net debt / EBITDA | 11.7x | 20.6x | — | 12.0x | 14.7x | 30.2x | 11.7x | 9.6x | 9.8x | 10.5x |
| Debt / equity | 2.9x | 3.4x | 3.6x | 5.1x | 4.9x | 5.5x | 6.6x | 9.2x | 19.1x | — |
| Interest coverage | −0.1x | −0.8x | −2.1x | −0.2x | −0.5x | −1.1x | −0.2x | 0.1x | 0.2x | — |
| Current ratio | 0.8x | 0.8x | 1.0x | 0.6x | 1.1x | 1.1x | 1.0x | 0.8x | 0.9x | 1.0x |
| Quick ratio | 0.8x | 0.8x | 1.0x | 0.6x | 1.1x | 1.1x | 1.0x | 0.8x | 0.9x | 1.0x |
| Capital allocation | ||||||||||
| Capex / revenue | 6.7% | 4.5% | 5.0% | 7.5% | 5.3% | 6.4% | 7.0% | 7.7% | 6.4% | 6.3% |
| Stock comp / revenue | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% | 0.5% | 0.4% | 0.5% | 0.4% |
| Payouts / FCF | 24.1% | 0.0% | — | — | 91.6% | — | — | — | — | — |
| Quality scores | ||||||||||
| Piotroski F-score | — | 3.0 | 5.0 | 5.0 | 7.0 | 1.0 | 4.0 | 5.0 | 6.0 | 5.0 |
| Altman Z'' | −0.5 | −1.2 | −2.0 | −1.9 | −1.4 | −1.8 | −1.9 | −2.3 | −2.1 | −2.4 |
| Accruals ratio | −8.4% | −11.2% | −10.4% | −7.1% | −1.8% | −0.1% | −3.9% | −6.1% | −6.2% | −7.8% |
Source: SEC EDGAR XBRL filings (CIK 0001332349). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.