CareTrust REIT, Inc. (CTRE) Stock Analysis
Real Estate · REIT - Healthcare Facilities · NYSE
CareTrust REIT, Inc. (CTRE) posted $476.39M in revenue for fiscal 2025 (up 60.8% year over year), at a 67.3% net margin, and has compounded revenue about 21.7%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on CareTrust REIT, Inc.
CareTrust REIT, Inc. has grown revenue from $104.68M to $476.39M over the last 10 fiscal years, compounding about 21.7% a year. The most recent year was up 60.8%, so growth is actually accelerating.
Net margin sits at 67.3%, up 25.1 points year over year. It carries about $894.22M of total debt.
At today's valuation the market is pricing in roughly 25.3% annual free-cash-flow growth — versus the 115.9% it actually delivered over the last five years, so the price is arguably undemanding against what it has already proven. The one thing worth a second look in the filings is share count rising (dilution).
Synthesised from CareTrust REIT, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
CareTrust REIT, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $104.68M | $132.98M | $156.94M | $163.40M | $178.33M | $192.35M | $196.13M | $217.77M | $296.29M | $476.39M |
| Gross profit | $102.13M | $130.25M | $153.98M | $160.50M | $176.46M | — | — | — | — | — |
| Net income | $29.35M | $25.87M | $57.92M | $46.36M | $80.87M | $71.98M | $-7.51M | $53.73M | $125.08M | $320.54M |
| Net margin | 28.0% | 19.5% | 36.9% | 28.4% | 45.3% | 37.4% | -3.8% | 24.7% | 42.2% | 67.3% |
Source: CareTrust REIT, Inc. SEC filings (10-K). 14 years of history available in the interactive view.
CareTrust REIT, Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Share count rising (dilution)Shares outstanding grew 131.3% over 4 years (96.3M → 222.7M) — existing holders' stakes are being diluted.
What growth is priced into CTRE stock?
At today's market cap of $8.88B, CareTrust REIT, Inc. is priced for free-cash-flow growth of about 25.3% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $123.36M from the FY ending 2019-12-31). For comparison, free cash flow actually grew 115.9%/yr over the last five fiscal years and revenue 21.7%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 14 years of CareTrust REIT, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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CareTrust REIT, Inc. financial history by metric
Compare CareTrust REIT, Inc. with peers
About CareTrust REIT, Inc.
CareTrust REIT, Inc. is a self-administered, publicly traded REIT engaged in the ownership, acquisition, financing, development and leasing of skilled nursing, senior housing and other healthcare-related properties. As of December 31, 2025, CareTrust REIT owned, directly or indirectly in consolidated joint ventures, and leased to independent operators, 407 skilled nursing facilities (each, a SNF), senior housing communities and other properties consisting of 37,628 operational beds and units located in 32 states and the United Kingdom, with the highest concentration of properties by rental income located in California, the U.K., Texas, and Tennessee. As of December 31, 2025, we also had other real estate related investments consisting of four preferred equity investments, 16 real estate secured loans receivable and five mezzanine loans receivable with a carrying value of 899.3 million US dollars and one financing receivable with a carrying value of 92.2 million US dollars. CareTrust REIT, Inc. was established and incorporated on October 29, 2013 and is based in Dana Point, United States.
CareTrust REIT, Inc. — frequently asked questions
What is CareTrust REIT, Inc.'s revenue?
CareTrust REIT, Inc. (CTRE) reported revenue of $476.39M for fiscal year 2025, up 60.8% from the prior year, according to its SEC filings.
Is CareTrust REIT, Inc. profitable?
Yes. CTRE earned net income of $320.54M in fiscal 2025, a net margin of 67.3%.
What is CTRE's P/E ratio?
CareTrust REIT, Inc. trades at a price-to-earnings ratio of about 23.8 based on the latest data in our nightly-refreshed cache.
How fast is CareTrust REIT, Inc. growing?
CTRE's revenue grew at roughly 21.7% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does CareTrust REIT, Inc. have?
As of fiscal year 2025, CTRE carried roughly $894.22M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is CareTrust REIT, Inc.'s market cap?
CareTrust REIT, Inc. (CTRE) has a market capitalization of about $8.88B, based on the latest data in our nightly-refreshed cache.
When does CareTrust REIT, Inc.'s fiscal year end?
CTRE's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into CTRE stock?
At today's market cap of $8.88B, CareTrust REIT, Inc. is priced for free-cash-flow growth of about 25.3% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $123.36M from the FY ending 2019-12-31). For comparison, free cash flow actually grew 115.9%/yr over the last five fiscal years and revenue 21.7%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from CareTrust REIT, Inc.'s official SEC filings (10-K and 10-Q), covering 14 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.