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Side-by-side financial comparison of Qnity Electronics, Inc. (Q) and Ventas (VTR). Click either name above to swap in a different company.

Ventas is the larger business by last-quarter revenue ($1.7B vs $1.3B, roughly 1.3× Qnity Electronics, Inc.). Qnity Electronics, Inc. runs the higher net margin — 12.3% vs 3.6%, a 8.8% gap on every dollar of revenue. On growth, Ventas posted the faster year-over-year revenue change (22.0% vs 10.5%).

Ventas is a leading real estate investment trust specializing in healthcare-related real estate assets. Its portfolio includes senior housing, medical offices, life science research facilities and rehabilitation centers, operating mainly across North America and the UK, serving healthcare operators and life science groups.

Q vs VTR — Head-to-Head

Bigger by revenue
VTR
VTR
1.3× larger
VTR
$1.7B
$1.3B
Q
Growing faster (revenue YoY)
VTR
VTR
+11.5% gap
VTR
22.0%
10.5%
Q
Higher net margin
Q
Q
8.8% more per $
Q
12.3%
3.6%
VTR

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
Q
Q
VTR
VTR
Revenue
$1.3B
$1.7B
Net Profit
$162.0M
$59.0M
Gross Margin
47.0%
Operating Margin
Net Margin
12.3%
3.6%
Revenue YoY
10.5%
22.0%
Net Profit YoY
48.6%
19.0%
EPS (diluted)
$0.72

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
Q
Q
VTR
VTR
Q1 26
$1.3B
$1.7B
Q4 25
$1.6B
Q3 25
$1.3B
$1.5B
Q2 25
$1.4B
Q1 25
$1.4B
Q4 24
$1.3B
Q3 24
$1.1B
$1.2B
Q2 24
$1.2B
Net Profit
Q
Q
VTR
VTR
Q1 26
$162.0M
$59.0M
Q4 25
$73.0M
Q3 25
$211.0M
$68.7M
Q2 25
$71.5M
Q1 25
$48.4M
Q4 24
$58.7M
Q3 24
$199.0M
$21.0M
Q2 24
$21.2M
Gross Margin
Q
Q
VTR
VTR
Q1 26
47.0%
Q4 25
Q3 25
45.1%
Q2 25
Q1 25
Q4 24
Q3 24
47.0%
Q2 24
Operating Margin
Q
Q
VTR
VTR
Q1 26
Q4 25
4.9%
Q3 25
21.3%
3.0%
Q2 25
3.0%
Q1 25
3.0%
Q4 24
-0.0%
Q3 24
21.8%
1.5%
Q2 24
-1.6%
Net Margin
Q
Q
VTR
VTR
Q1 26
12.3%
3.6%
Q4 25
4.7%
Q3 25
16.5%
4.6%
Q2 25
5.0%
Q1 25
3.6%
Q4 24
4.6%
Q3 24
17.3%
1.7%
Q2 24
1.8%
EPS (diluted)
Q
Q
VTR
VTR
Q1 26
$0.72
Q4 25
$0.15
Q3 25
$1.01
$0.14
Q2 25
$0.15
Q1 25
$0.10
Q4 24
$0.13
Q3 24
$0.95
$0.05
Q2 24
$0.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
Q
Q
VTR
VTR
Cash + ST InvestmentsLiquidity on hand
$857.0M
$183.6M
Total DebtLower is stronger
$4.0B
Stockholders' EquityBook value
$7.5B
$13.2B
Total Assets
$14.1B
$27.7B
Debt / EquityLower = less leverage
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
Q
Q
VTR
VTR
Q1 26
$857.0M
$183.6M
Q4 25
$741.1M
Q3 25
$128.0M
$188.6M
Q2 25
$614.2M
Q1 25
$182.3M
Q4 24
$897.9M
Q3 24
$1.1B
Q2 24
$557.1M
Total Debt
Q
Q
VTR
VTR
Q1 26
$4.0B
Q4 25
$13.0B
Q3 25
$1.7B
Q2 25
Q1 25
Q4 24
$13.5B
Q3 24
Q2 24
Stockholders' Equity
Q
Q
VTR
VTR
Q1 26
$7.5B
$13.2B
Q4 25
$12.5B
Q3 25
$9.1B
$12.4B
Q2 25
$11.5B
Q1 25
$11.5B
Q4 24
$10.8B
Q3 24
$11.1B
$9.8B
Q2 24
$9.6B
Total Assets
Q
Q
VTR
VTR
Q1 26
$14.1B
$27.7B
Q4 25
$27.6B
Q3 25
$12.5B
$26.9B
Q2 25
$26.5B
Q1 25
$26.0B
Q4 24
$26.2B
Q3 24
$25.3B
Q2 24
$24.5B
Debt / Equity
Q
Q
VTR
VTR
Q1 26
0.54×
Q4 25
1.04×
Q3 25
0.19×
Q2 25
Q1 25
Q4 24
1.26×
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

Q
Q

Segment breakdown not available.

VTR
VTR

Resident fees and services$1.3B78%
Outpatient medical and research portfolio$230.1M14%
Triple-net leased properties$123.1M7%
Third-party capital management revenues$4.4M0%

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