CareTrust REIT, Inc. (CTRE) Key Metrics
CTRE valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $8.64B
- Enterprise value
- $9.94B
- P/E (TTM)
- 22.8 10-yr median 30.5
- Forward P/E
- 21.3
- PEG ratio
- 1.26
- Price / sales
- 15.1 10-yr median 11.7
- Price / book
- 2.0 10-yr median 2.0
- EV / EBITDA
- 18.8 10-yr median 18.6
- Dividend yield
- 4.27% $1.56 a year
- Beta
- 0.77
CTRE key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCTRE valuation Price multiples at each fiscal year-end price.
CTRE returns How much profit the business earns on the capital it uses.
CTRE per-share figures Results divided by the shares outstanding at year-end.
CTRE financial health Debt, liquidity and how easily interest is covered.
CTRE efficiency & capital use Working capital cycle and where the cash goes.
CTRE valuation history
CTRE returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CTRE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CTRE cash returned to shareholders
CTRE price vs earnings per share
CTRE key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $7.38B | $4.20B | $2.38B | $1.80B | $2.19B | $2.11B | $1.92B | $1.47B | $1.22B | $858.4M |
| Enterprise value | $8.08B | $4.38B | $2.68B | $2.50B | $2.85B | $2.64B | $2.45B | $1.92B | $1.77B | $1.30B |
| P/E ratio | 23.0 | 33.6 | 44.2 | — | 30.5 | 26.1 | 41.4 | 25.3 | 47.1 | 29.2 |
| Price / sales | 15.5 | 18.4 | 12.0 | 9.6 | 11.5 | 12.0 | 12.1 | 9.4 | 9.3 | 8.3 |
| Price / book | 1.8 | 1.4 | 1.7 | 2.1 | 2.4 | 2.3 | 2.1 | 1.9 | 2.0 | 1.9 |
| Price / free cash flow | 19.5 | 17.8 | 16.5 | 13.1 | 14.5 | 14.5 | 15.2 | — | — | — |
| Price / operating cash flow | 18.7 | 17.2 | 15.4 | 12.4 | 14.0 | 14.5 | 15.2 | 14.8 | 13.7 | 13.3 |
| EV / sales | 16.9 | 19.2 | 13.5 | 13.3 | 15.0 | 15.0 | 15.4 | 12.3 | 13.5 | 12.5 |
| EV / EBITDA | 17.5 | 20.7 | 18.4 | 34.3 | 18.8 | 16.8 | 19.4 | 14.8 | 19.8 | 15.4 |
| EV / free cash flow | 21.3 | 18.5 | 18.6 | 18.3 | 18.9 | 18.1 | 19.4 | — | — | — |
| Earnings yield | 4.3% | 3.0% | 2.3% | −0.4% | 3.3% | 3.8% | 2.4% | 4.0% | 2.1% | 3.4% |
| Free cash flow yield | 5.1% | 5.6% | 6.1% | 7.6% | 6.9% | 6.9% | 6.6% | −0.6% | −16.5% | −25.0% |
| Dividend yield | 3.5% | 4.1% | 4.9% | 5.9% | 4.6% | 4.4% | 4.2% | 4.3% | 4.3% | 4.3% |
| Shareholder yield (dividends + buybacks) | 3.6% | 4.2% | 4.9% | 5.9% | 4.7% | 4.4% | 4.3% | 4.4% | 4.4% | 4.4% |
| Share price at fiscal year-end | $36.16 | $27.05 | $22.38 | $18.58 | $22.83 | $22.18 | $20.63 | $18.46 | $16.76 | $15.32 |
| Per share | ||||||||||
| Revenue per share | $2.34 | $1.47 | $1.87 | $1.94 | $1.98 | $1.85 | $1.71 | $1.96 | $1.80 | $1.86 |
| Earnings per share | $1.57 | $0.81 | $0.51 | −$0.08 | $0.75 | $0.85 | $0.50 | $0.73 | $0.36 | $0.52 |
| Operating cash flow per share | $1.93 | $1.57 | $1.46 | $1.49 | $1.63 | $1.53 | $1.36 | $1.25 | $1.22 | $1.15 |
| Free cash flow per share | $1.86 | $1.52 | $1.35 | $1.42 | $1.57 | $1.53 | $1.36 | −$0.10 | −$2.77 | −$3.83 |
| Cash per share | $0.97 | $1.38 | $2.77 | $0.14 | $0.21 | $0.20 | $0.22 | $0.46 | $0.10 | $0.13 |
| Book value per share | $19.77 | $18.74 | $13.35 | $8.78 | $9.53 | $9.60 | $9.96 | $9.68 | $8.19 | $8.07 |
| Tangible book value per share | $19.54 | $18.72 | $13.30 | $8.75 | $9.52 | $9.58 | $9.95 | $9.65 | $8.15 | $8.04 |
| Dividends per share | $1.27 | $1.11 | $1.09 | $1.10 | $1.05 | $0.98 | $0.87 | $0.79 | $0.72 | $0.67 |
| Capex per share | $0.07 | $0.05 | $0.10 | $0.08 | $0.06 | $0.94 | $3.46 | $1.36 | $3.99 | $4.98 |
| Debt per share | $4.38 | $2.56 | $5.61 | $7.44 | $7.01 | $5.73 | $5.96 | $6.17 | $7.69 | $8.03 |
| Shares outstanding | 204.1M | 155.2M | 106.2M | 96.7M | 96.1M | 95.2M | 93.1M | 79.4M | 72.6M | 56.0M |
| Change in shares outstanding | +31.5% | +46.2% | +9.8% | +0.6% | +0.9% | +2.3% | +17.3% | +9.3% | +29.7% | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 9.2% | 5.8% | 4.7% | −0.9% | 7.9% | 8.8% | 5.5% | 8.5% | 4.9% | 8.2% |
| Return on invested capital (ROIC) | 8.1% | 5.1% | 3.5% | 5.2% | 4.7% | 5.0% | 3.2% | 6.5% | 2.8% | 3.4% |
| Return on assets (ROA) | 7.5% | 4.5% | 2.9% | −0.5% | 4.6% | 5.4% | 3.3% | 4.7% | 2.5% | 3.7% |
| Return on tangible assets | 6.3% | 3.6% | 2.6% | −0.5% | 4.4% | 5.4% | 3.1% | 4.5% | 2.2% | 3.2% |
| Free cash flow margin | 79.5% | 103.5% | 72.4% | 73.1% | 79.3% | 83.0% | 79.4% | −5.3% | −153.6% | −206.7% |
| Income quality (OCF / net income) | 1.23 | 1.95 | 2.88 | — | 2.18 | 1.80 | 2.72 | 1.72 | 3.43 | 2.20 |
| Financial health | ||||||||||
| Total debt | $894.2M | $396.9M | $595.6M | $719.5M | $673.4M | $545.6M | $554.6M | $489.8M | $558.9M | $449.7M |
| Cash & short-term investments | $198.0M | $213.8M | $294.4M | $13.2M | $19.9M | $18.9M | $20.3M | $36.8M | $6.9M | $7.5M |
| Net debt | $696.2M | $183.1M | $301.1M | $706.3M | $653.5M | $526.7M | $534.3M | $453.0M | $552.0M | $442.2M |
| Debt / equity | 0.22 | 0.14 | 0.42 | 0.85 | 0.74 | 0.60 | 0.60 | 0.64 | 0.94 | 0.99 |
| Debt / assets | 0.17 | 0.12 | 0.29 | 0.44 | 0.41 | 0.36 | 0.37 | 0.38 | 0.47 | 0.49 |
| Net debt / EBITDA | 1.51 | 0.87 | 2.06 | 9.69 | 4.33 | 3.35 | 4.23 | 3.50 | 6.19 | 5.25 |
| Current ratio | 1.54 | 3.33 | 4.39 | 0.15 | 0.21 | 0.41 | 0.71 | 0.44 | 0.07 | 0.12 |
| Quick ratio | 1.54 | 3.33 | 4.39 | 0.14 | 0.17 | 0.33 | 0.35 | 0.44 | 0.07 | 0.12 |
| Interest coverage | 7.3 | 4.1 | 2.8 | 3.5 | 4.4 | 4.3 | 3.0 | 2.9 | 2.4 | 2.3 |
| Working capital | $105.4M | $257.6M | $239.3M | −$151.0M | −$104.5M | −$55.4M | −$28.3M | −$71.9M | −$183.4M | −$103.4M |
| Invested capital | $4.73B | $3.09B | $1.72B | $1.56B | $1.57B | $1.44B | $1.46B | $1.22B | $1.15B | $894.6M |
| Tangible asset value | $4.01B | $2.92B | $1.41B | $846.5M | $914.5M | $911.8M | $925.9M | $765.9M | $592.2M | $450.5M |
| Net current asset value | −$788.9M | −$139.4M | −$356.3M | −$745.5M | −$697.9M | −$551.0M | −$522.9M | −$466.7M | −$577.3M | −$458.2M |
| Graham number | $26.43 | $18.44 | $12.33 | — | $12.67 | $13.55 | $10.57 | $12.60 | $8.10 | $9.76 |
| Graham net-net per share | −$3.99 | −$1.42 | −$3.50 | −$7.83 | −$7.29 | −$5.94 | −$5.93 | −$6.02 | −$7.98 | −$8.23 |
| Capital allocation | ||||||||||
| Dividends paid | $259.3M | $172.2M | $115.5M | $106.1M | $100.8M | $93.2M | $80.6M | $63.0M | $52.6M | $37.3M |
| Share buybacks (net) | $3.3M | $2.5M | $1.5M | $0 | $1.3M | $404,000 | $2.5M | $1.3M | $866,000 | $515,000 |
| Dividend payout ratio | 80.9% | 137.6% | 214.9% | — | 140.0% | 115.2% | 173.9% | 108.8% | 203.2% | 127.0% |
| Dividends + buybacks / free cash flow | 69.3% | 73.9% | 81.3% | 77.4% | 67.7% | 64.2% | 65.8% | — | — | — |
| Capex / revenue | 3.1% | 3.5% | 5.5% | 3.9% | 3.2% | 51.0% | 202.5% | 69.3% | 221.3% | 268.7% |
| Capex / operating cash flow | 3.8% | 3.3% | 7.1% | 5.0% | 3.8% | 61.5% | 255.0% | 108.3% | 326.8% | 433.5% |
| Capex / depreciation | 0.16 | 0.14 | 0.21 | 0.14 | 0.11 | 1.70 | 6.21 | 2.35 | 7.41 | 8.73 |
| Stock-based compensation / revenue | 2.5% | 2.7% | 2.6% | 3.1% | 5.7% | 2.2% | 2.6% | 2.5% | 1.8% | 1.5% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 0.0% | 12.7% | 10.5% | 10.3% | 14.1% | 9.3% | 9.5% | 8.1% | 8.5% | 8.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 76.5 | 78.0 | 0.7 | 2.8 | 4.1 | 4.6 | 16.0 | 19.5 | 15.5 | 14.5 |
| Days of inventory on hand | — | — | — | 105.9 | 615.9 | 1,622.0 | 2,123.3 | — | — | — |
| Days payables outstanding | 165.6 | 1,216.2 | 1,110.1 | 969.1 | 2,296.8 | 1,339.5 | 949.3 | 409.2 | 415.3 | 375.8 |
| Cash conversion cycle (days) | -89.1 | -1,138.2 | -1,109.4 | -860.5 | -1,676.9 | 287.0 | 1,190.0 | -389.6 | -399.7 | -361.4 |
| Receivables turnover | 4.77 | 4.68 | 489.76 | 132.33 | 89.69 | 79.97 | 22.79 | 18.67 | 23.52 | 25.23 |
| Payables turnover | 2.20 | 0.30 | 0.33 | 0.38 | 0.16 | 0.27 | 0.38 | 0.89 | 0.88 | 0.97 |
| Inventory turnover | — | — | — | 3.45 | 0.59 | 0.23 | 0.17 | — | — | — |
| Asset turnover | 0.11 | 0.08 | 0.11 | 0.11 | 0.12 | 0.12 | 0.11 | 0.13 | 0.12 | 0.13 |
| Average receivables | $99.9M | $48.8M | $405,500 | $1.4M | $2.1M | $2.2M | $7.0M | $8.3M | $5.6M | $4.1M |
| Average payables | $88.4M | $45.2M | $29.2M | $24.9M | $22.5M | $17.3M | $15.5M | $16.7M | $14.8M | $10.7M |
| Average inventory | — | — | — | $2.7M | $6.0M | $20.9M | $34.6M | — | $0 | $0 |
| Intangibles / total assets | 0.9% | 0.1% | 0.3% | 0.2% | 0.1% | 0.2% | 0.1% | 0.2% | 0.2% | 0.2% |
Computed from CTRE's annual financial statements (latest annual report filed February 12, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
CTRE valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), CareTrust REIT traded at 23.0 times earnings, against a 10-year median of 30.5. Based on the latest twelve months, the trailing P/E is 22.8 and the forward P/E is 21.3. CareTrust REIT earned a return on equity of 9.2% and a return on invested capital of 8.1% in fiscal 2025. It ended the year with $894.2 million of debt and $198.0 million in cash and short-term investments, net debt of $696.2 million. It returned $262.7 million to shareholders: $259.3 million in dividends and $3.3 million in share buybacks, 69% of free cash flow. The share count rose 264.3% from 56.0M to 204.1M over 9 years.
See the CTRE income statement, the CTRE chart for price history, or the CTRE stock overview for the latest quote and news.
CTRE key metrics FAQ
What is CareTrust REIT's P/E ratio?
CareTrust REIT's trailing P/E ratio is 22.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 21.3. At the end of fiscal 2025 it was 23.0, compared with a 10-year median of 30.5.
What is CareTrust REIT's EV/EBITDA?
CareTrust REIT's enterprise value was 17.5 times EBITDA at the end of fiscal 2025 (enterprise value $8.1 billion, EBITDA $462.0 million); the current EV/EBITDA is 18.8.
What is CareTrust REIT's return on equity?
CareTrust REIT's return on equity (ROE) was 9.2% in fiscal 2025: net income of $320.5 million on average shareholders' equity of $3.5 billion.
What is CareTrust REIT's ROIC?
CareTrust REIT's return on invested capital was 8.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does CareTrust REIT have?
CareTrust REIT had total debt of $894.2 million at the end of fiscal 2025, a debt-to-equity ratio of 0.22 and $696.2 million of net debt (1.51 times EBITDA).
What is CareTrust REIT's dividend yield?
CareTrust REIT's forward dividend yield is 4.27%. CareTrust REIT paid $259.3 million in dividends in fiscal 2025 ($1.27 per share), a payout ratio of 80.9%.
Does CareTrust REIT buy back its shares?
Yes. CareTrust REIT spent $3.3 million on net share repurchases in fiscal 2025 Shares outstanding changed +31.5% over the year, to 204.1M..
What is CareTrust REIT's free cash flow yield?
CareTrust REIT generated $379.0 million of free cash flow in fiscal 2025, a free cash flow yield of 5.1% on its market value at year-end ($7.4 billion).
What is CareTrust REIT's current ratio?
CareTrust REIT's current ratio was 1.54 at the end of fiscal 2025: current assets were 1.54 times current liabilities.