CareTrust REIT, Inc. (CTRE) Income Statement
CTRE 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCTRE revenue and net income
Where CTRE's revenue goes
2025Each bar shows an amount and its share of revenue. CTRE kept 67.3% of revenue as net income.
CTRE profit margins
CTRE growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +108.8% | +36.5% | +22.1% | +20.5% |
| Gross profit | +31.2% | +16.5% | +10.5% | +15.6% |
| Operating income | +158.1% | +45.6% | +25.7% | +25.0% |
| Net income | +156.3% | — | +31.7% | +41.4% |
| EPS (diluted) | +30.1% | +14.9% | +12.4% | +18.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CTRE quarterly EPS vs estimates
CareTrust REIT beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.51).
CTRE income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $476.6M | $228.3M | $198.6M | $187.5M | $190.2M | $175.7M | $159.1M | $155.4M | $131.1M | $103.9M |
| Cost of revenue | $194.8M | $13.6M | $9.6M | $9.4M | $3.6M | $4.7M | $5.9M | $14.9M | $13.0M | $10.4M |
| Gross profit | $281.8M | $214.7M | $189.0M | $178.1M | $186.6M | $171.0M | $153.1M | $140.5M | $118.1M | $93.5M |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $138,000 | $28.9M | $20.9M | $19.3M | $26.9M | $16.3M | $15.2M | $12.6M | $11.1M | $9.3M |
| Total operating expenses | −$38.4M | $90.7M | $73.0M | $74.3M | $82.2M | $69.1M | $68.1M | $58.3M | $60.7M | $41.3M |
| Operating income | $320.1M | $124.1M | $116.0M | $103.8M | $104.4M | $101.9M | $85.1M | $82.2M | $57.4M | $52.3M |
| Interest income | $107.0M | $68.0M | $19.2M | $8.6M | $2.2M | $2.6M | $4.3M | $1.6M | $1.9M | $737,000 |
| Interest expense | $43.7M | $30.3M | $40.9M | $30.0M | $23.7M | $23.7M | $28.1M | $27.9M | $24.2M | $22.9M |
| Income before taxes | $325.3M | $124.4M | $53.7M | −$7.5M | $72.0M | $80.9M | $46.4M | $57.9M | $25.9M | $29.4M |
| Income taxes | $5.0M | $681,000 | $41.2M | −$50.4M | $23.7M | $23.7M | $28.1M | $3.6M | $24.2M | $23.2M |
| Net income | $320.5M | $125.1M | $53.7M | −$7.5M | $72.0M | $80.9M | $46.4M | $57.9M | $25.9M | $29.4M |
| EBITDA | $462.0M | $211.6M | $145.9M | $72.9M | $151.1M | $157.3M | $126.3M | $129.5M | $89.2M | $84.2M |
| EPS (diluted) | $1.47 | $1.13 | $0.93 | $0.97 | $0.86 | $0.82 | $0.48 | $0.72 | $0.63 | $0.54 |
| Gross margin | 59.1% | 94.1% | 95.2% | 95.0% | 98.1% | 97.3% | 96.3% | 90.4% | 90.1% | 90.0% |
| Operating margin | 67.2% | 54.3% | 58.4% | 55.4% | 54.9% | 58.0% | 53.5% | 52.9% | 43.8% | 50.3% |
| Net margin | 67.3% | 54.8% | 27.1% | −4.0% | 37.8% | 46.0% | 29.1% | 37.3% | 19.7% | 28.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $161.3M | $142.8M | $135.1M | $104.3M | $86.0M | $71.6M | $62.2M | $57.2M | $55.4M | $53.5M | $53.5M | $51.2M |
| Cost of revenue | $10.6M | $61.6M | $55.5M | $2.6M | $3.1M | $2.2M | $3.3M | $5.6M | $2.2M | $2.5M | $2.3M | $3.4M |
| Gross profit | $150.8M | $81.2M | $79.6M | $101.7M | $83.0M | $69.5M | $58.9M | $51.6M | $53.2M | $51.0M | $51.2M | $47.8M |
| Sales, general & admin | $15.8M | $14.3M | $35.6M | $14.9M | $12.1M | $8.8M | $9.0M | $6.5M | $5.8M | $6.6M | $5.6M | $5.5M |
| Total operating expenses | $46.5M | −$11.8M | −$7.0M | $42.1M | $33.8M | $26.9M | $29.7M | $20.7M | $20.0M | $20.3M | $19.7M | $18.6M |
| Operating income | $104.3M | $93.0M | $86.6M | $59.5M | $49.2M | $42.6M | $29.2M | $30.9M | $33.2M | $30.8M | $31.5M | $29.3M |
| Interest income | $38.5M | $24.7M | $27.4M | $28.2M | $26.4M | $25.0M | $24.7M | $20.2M | $13.5M | $9.6M | $6.3M | $4.7M |
| Interest expense | $15.3M | $11.2M | $11.4M | $12.6M | $13.0M | $6.7M | $5.1M | $8.3M | $8.7M | $8.2M | $8.3M | $11.8M |
| Income before taxes | $90.8M | $81.8M | $114.2M | $77.0M | $68.9M | $65.2M | $52.0M | $33.3M | $10.4M | $28.8M | $26.3M | $8.7M |
| Income taxes | $2.5M | $2.3M | $1.9M | $2.1M | $1.0M | — | — | $11.3M | −$245,000 | $100,000 | $8.6M | −$11,000 |
| Net income | $89.0M | $80.2M | $111.3M | $74.9M | $68.5M | $65.8M | $52.1M | $33.4M | $10.8M | $28.7M | $26.3M | $8.7M |
| EBITDA | $136.5M | $122.4M | $152.7M | $111.6M | $102.3M | $89.7M | $72.6M | $54.8M | $32.4M | $49.9M | $47.4M | $33.5M |
| EPS (diluted) | $0.51 | $0.36 | $0.36 | $0.45 | $0.33 | $0.33 | $0.32 | $0.29 | $0.27 | $0.25 | $0.25 | $0.23 |
| Gross margin | 93.5% | 56.9% | 58.9% | 97.5% | 96.4% | 97.0% | 94.7% | 90.2% | 96.0% | 95.4% | 95.7% | 93.3% |
| Operating margin | 64.6% | 65.1% | 64.1% | 57.1% | 57.2% | 59.5% | 47.0% | 54.0% | 59.9% | 57.5% | 58.8% | 57.1% |
| Net margin | 55.2% | 56.2% | 82.4% | 71.8% | 79.7% | 91.8% | 83.8% | 58.5% | 19.4% | 53.7% | 49.2% | 17.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CTRE's financial statements (latest annual report filed February 12, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CTRE financial results
In fiscal year 2025 (ended December 31, 2025), CareTrust REIT reported revenue of $476.6 million, up 108.8% from the year before. It had net income of $320.5 million (up 156.3%), a net profit margin of 67.3%. Diluted earnings per share came to $1.47. Over five years revenue grew at an average rate of 22.1% a year.
See the CTRE stock overview for the latest quote and news, or the CTRE chart for price history and technical indicators.
CTRE income statement FAQ
What is CareTrust REIT's annual revenue?
CareTrust REIT reported total revenue of $476.6 million for fiscal year 2025, which ended on December 31, 2025. That was up 108.8% from $228.3 million the previous year.
Is CareTrust REIT profitable?
Yes. CareTrust REIT reported net income of $320.5 million in fiscal 2025, a net profit margin of 67.3%; its operating margin was 67.2%.
What is CareTrust REIT's gross margin?
CareTrust REIT's gross margin was 59.1% in fiscal 2025: for every $100 of revenue, CareTrust REIT kept $59 after the direct cost of its products and services.
How fast is CareTrust REIT growing?
Revenue grew 22.1% a year on average over the last five fiscal years, from $175.7 million to $476.6 million.
What are CareTrust REIT's earnings per share?
CareTrust REIT earned $1.47 per diluted share in fiscal 2025, compared with $1.13 a year earlier.
When will CareTrust REIT report its next earnings?
CareTrust REIT is expected to report results for the quarter ending September 30, 2026 on November 4, 2026.
When does CareTrust REIT's fiscal year end?
CareTrust REIT's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 12, 2026.