Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 3/5 core metricsFlagged areas: Dilution.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- 1 filing risk check flagged
Flagged areas: Dilution.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Operating margin was stable
Operating margin changed +0.5 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.
- Revenue expanded
Latest reported annual revenue changed +11.2% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Dilution
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-09-06
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Integrated Senior Health Campuses$1.76Bshare n/a+8.9% yoy
- SHOP$331Mshare n/a+25.2% yoy
- Outpatient Medical$126Mshare n/a-6.4% yoy
- Triple Net Leased Properties$39.5Mshare n/a-24.2% yoy
member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.
- Integrated Senior Health Campuses$237M57.1%+25.2% yoy
- Outpatient Medical$77.4M18.6%-7.7% yoy
- SHOP$64M15.4%+57.4% yoy
- Triple Net Leased Properties$36.8M8.9%-26.1% yoy
Members sum to the consolidated $415M for this period.
- Resident Feesand Services$2.09B100.0%+11.2% yoy
Members sum to the consolidated $2.09B for this period.
- United States$2.25Bshare n/a+9.2% yoy
- Outside the United States$6.51Mshare n/a-1.7% yoy
member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.
- Integrated Senior Health Campuses$503M77.3%+17.3% yoy
- SHOP$107M16.4%+56.3% yoy
- Outpatient Medical$30.8M4.7%-7.1% yoy
- Triple Net Leased Properties$10.2M1.6%-0.7% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,121 US-listed filers · 907 in Financials| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $2.1B | 67thof 3,301 top third | 76thof 541 top third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 11.2% | 64thof 3,135 middle third | 63rdof 518 middle third |
Operating margin operating income ÷ revenue | 19.8% | 84thof 2,819 top third | 60thof 234 middle third |
Net margin net income ÷ revenue | 3.3% | 53rdof 3,263 middle third | 30thof 534 bottom third |
Return on equity net income ÷ stockholders' equity (positive equity only) | 2.1% | 46thof 3,577 middle third | 24thof 774 bottom third |
Interest coverage operating income ÷ interest expense (interest expense > 0) | 4.8× | 71stof 819 top third | 78thof 80 top third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 0.7% | 78thof 2,895 top third | 88thof 422 top third |
Cash conversion operating cash flow ÷ net income (net income > 0) | 4.2× | 88thof 2,181 top third | 94thof 673 top third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -4.5% | 50thof 3,545 middle third | 79thof 803 top third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | 37.2% | 20thof 3,029 bottom third | 22ndof 733 bottom third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 38 changed periods, 28 largest shown| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Stock-based compensation ShareBasedCompensation | quarter 2022-03-31 | -$32K 10-Q 2022-05-16 | $779K 10-Q 2023-05-15 | +2534.4% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2021-09-30 | $15.1M 10-Q 2021-11-15 | $287M 10-Q 2022-11-14 | +1801.1% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2021-06-30 | $15.2M 10-Q 2021-08-13 | $276M 10-Q 2022-08-15 | +1718.8% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2021-03-31 | $15.9M 10-Q 2021-05-14 | $253M 10-Q 2022-05-16 | +1491.9% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2020-12-31 | $67.8M 10-K 2021-03-26 | $1.07B 10-K 2023-03-17 | +1477.0% | first · latest · 3 filings carry it |
| Stock-based compensation ShareBasedCompensation | fiscal year 2020-12-31 | $215K 10-K 2021-03-26 | -$1.34M 10-K 2022-03-25 | -724.2% | first · latest |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2021-09-30 | $16.2M 10-Q 2021-11-15 | $110M 10-Q 2022-11-14 | +577.6% | first · latest |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2020-12-31 | $17.4M 10-K 2021-03-26 | $113M 10-K 2024-03-22 | +550.2% | first · latest · 10 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | fiscal year 2020-12-31 | $35.5M 10-K 2021-03-26 | $219M 10-K 2023-03-17 | +517.4% | first · latest · 3 filings carry it |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2021-03-31 | $19.2M 10-Q 2021-05-14 | $90M 10-Q 2022-05-16 | +369.5% | first · latest |
| Interest expense InterestExpense | quarter 2021-03-31 | $4.73M 10-Q 2021-05-14 | $20.4M 10-Q 2022-05-16 | +330.9% | first · latest |
| Total liabilities Liabilities | balance at 2020-12-31 | $540M 10-K 2021-03-26 | $2.16B 10-K 2022-03-25 | +299.7% | first · latest · 5 filings carry it |
| Interest expense InterestExpense | quarter 2021-09-30 | $4.96M 10-Q 2021-11-15 | $18.9M 10-Q 2022-11-14 | +280.7% | first · latest |
| Interest expense InterestExpense | quarter 2021-06-30 | $4.87M 10-Q 2021-08-13 | $18.5M 10-Q 2022-08-15 | +279.8% | first · latest |
| Share repurchases PaymentsForRepurchaseOfCommonStock | fiscal year 2020-12-31 | $6.21M 10-K 2021-03-26 | $23.1M 10-K 2023-03-17 | +271.9% | first · latest · 3 filings carry it |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2021-06-30 | $21.3M 10-Q 2021-08-13 | $76.7M 10-Q 2022-08-15 | +259.3% | first · latest |
| Interest expense InterestExpense | fiscal year 2020-12-31 | $20M 10-K 2021-03-26 | $71.3M 10-K 2023-03-17 | +257.2% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | quarter 2021-03-31 | -$3.74M 10-Q 2021-05-14 | -$11.8M 10-Q 2022-05-16 | -216.4% | first · latest |
| Total assets Assets | balance at 2020-12-31 | $1.09B 10-K 2021-03-26 | $3.23B 10-K 2022-03-25 | +196.0% | first · latest · 5 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2021-03-31 | $8.09M 10-Q 2021-05-14 | -$5.25M 10-Q 2022-05-16 | -164.9% | first · latest |
| Intangibles IntangibleAssetsNetExcludingGoodwill | balance at 2020-12-31 | $64.1M 10-K 2021-03-26 | $155M 10-K 2022-03-25 | +141.3% | first · latest · 5 filings carry it |
| Stock-based compensation ShareBasedCompensation | quarter 2021-03-31 | $43K 10-Q 2021-05-14 | -$14K 10-Q 2022-05-16 | -132.6% | first · latest |
| Net income NetIncomeLoss | fiscal year 2020-12-31 | -$18.1M 10-K 2021-03-26 | $2.16M 10-K 2023-03-17 | +112.0% | first · latest · 3 filings carry it |
| Depreciation and amortization DepreciationDepletionAndAmortization | quarter 2021-03-31 | $12.4M 10-Q 2021-05-14 | $25.7M 10-Q 2022-05-16 | +107.4% | first · latest |
| Net income NetIncomeLoss | quarter 2021-06-30 | -$3.77M 10-Q 2021-08-13 | -$7.68M 10-Q 2022-08-15 | -103.5% | first · latest |
| Share repurchases PaymentsForRepurchaseOfCommonStock | quarter 2021-03-31 | $714K 10-Q 2021-05-14 | $0 10-Q 2022-05-16 | -100.0% | first · latest |
| Goodwill Goodwill | balance at 2023-12-31 | $235M 10-K 2024-03-22 | $3.33M 10-K 2026-02-27 | -98.6% | first · latest · 6 filings carry it |
| Depreciation and amortization DepreciationDepletionAndAmortization | fiscal year 2020-12-31 | $50.3M 10-K 2021-03-26 | $98.9M 10-K 2023-03-17 | +96.5% | first · latest · 3 filings carry it |
2 share-count periods re-presented for a stock split (1-for-4) are listed apart from restatements and not counted above.
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for AHR yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.