Brookdale Senior Living Inc BKD

Health CareHealthcare Providers & ServicesUnited States of America

Last close 10.39 USD on Nov 1, 2026, −3.7% year to date

Quant rating

Quant rating B Rank 156 of 565 in Health Care

Growth A 83 of 565
Valuation A 72 of 565
Quality C 268 of 565
Revisions A 78 of 565
Momentum C 366 of 565

Wall Street consensus Strong Buy (1.33)Average target 19.08 USD +83.7%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 2.5B
Enterprise value: 6.4B
52-week range: 8.10 – 17.08
3-year range: 3.92 – 17.08
Dividend yield: –
Beta (5 years): 0.54
Shares outstanding: 239M
Next earnings: Nov 6, 2026

About the company

Brookdale Senior Living Inc. is a premier operator of senior living communities, operating and managing 584 communities in 41 states. The Company operates independent living, assisted living, memory care, and continuing care retirement communities. It operates through three segments: Independent Living; Assisted Living and Memory Care; and Continuing Care Retirement Communities (CCRCs). Its Independent Living segment includes owned or leased communities that are primarily designed for middle to upper-income seniors who desire to live in a residential setting that feels like home, without the efforts of ownership. Its Assisted Living and Memory Care segment includes owned or leased communities that offer housing and 24-hour assistance with activities of daily living for the Company's residents. The CCRCs segment includes large owned or leased communities that offer a variety of living arrangements and services to accommodate a broad spectrum of physical ability and healthcare needs.

Growth and profitability

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	3,194	3,125	3,016	2,825	2,758	–
Revenue growth	2.2%	3.6%	6.7%	2.4%	−22.1%	−2.0%
EPS (basic, normalized)	−1.12	−0.89	−0.84	−1.25	−0.54	–
EPS growth	–	–	–	–	–	–
Gross margin	26.2%	25.6%	24.8%	21.0%	18.2%	23.2%
Net margin	−8.2%	−6.5%	−6.3%	−8.4%	−3.6%	−6.6%
ROE	−313.2%	−65.5%	−38.3%	−37.3%	−13.3%	−93.5%

Balance sheet, last quarter
Cash & short-term investments (mil)	390
Current ratio	1.14x
Long-term debt (mil)	4,249
Net debt (mil)	3,932
Total equity (mil)	−29.0
Net debt / equity	−135.69x
Net debt / EBITDA	8.59x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	3,194	+2.2%	2.0x	458	+19.4%	14.0x	−1.12	−25.8%	−9.3x
2026	2,918	−8.6%	2.2x	505	+10.2%	12.7x	0.03	+102.7%	340.7x
2027	2,995	+2.6%	2.1x	578	+14.5%	11.1x	0.17	+468.3%	59.9x
2028	3,176	+6.0%	2.0x	650	+12.5%	9.9x	0.41	+136.5%	25.3x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	2,918	−0.8%	−1.8%	−2.8%	0.03	−10.3%	+122.9%	+114.9%
2027	2,995	−1.1%	−2.7%	−4.2%	0.17	+1.0%	+20.4%	+125.1%
2028	3,176	−1.5%	−2.8%	−5.5%	0.41	+0.8%	0.0%	+24.2%

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	783	778	784	781	814	813	813	754	765	719
Sales mean (mil)	783	779	784	782	817	818	827	766	770	733
Surprise	−0.1%	−0.2%	0.0%	−0.1%	−0.4%	−0.6%	−1.7%	−1.6%	−0.6%	−1.9%
EPS reported	−0.13	−0.17	−0.22	−0.37	−0.28	−0.18	−0.20	−0.17	−0.03	0.10
EPS mean	−0.17	−0.15	−0.17	−0.21	−0.11	−0.14	−0.17	−0.17	−0.02	−0.06
Surprise	+25.7%	−13.3%	−26.9%	−76.2%	−147.8%	−31.9%	−17.5%	−1.2%	−36.4%	−280.2%

Peer comparison Healthcare Providers & Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
BKD Brookdale Senior Living Inc	2.5B	8.59x	−8.2%	−85.64x	340.7x	59.9x	12.7x	11.1x
UNH UnitedHealth Group Incorporated	365.3B	–	2.7%	3.51x	19.8x	17.4x	13.3x	12.1x
CVS CVS Health Corporation	115.4B	2.50x	0.4%	1.45x	11.2x	10.6x	8.3x	8.0x
HCA HCA Healthcare, Inc.	98.8B	3.41x	9.0%	−12.35x	15.7x	15.1x	9.6x	9.5x
ELV Elevance Health Inc	90.8B	–	2.8%	2.03x	14.5x	13.9x	10.1x	10.4x
CI The Cigna Group	78.8B	2.49x	2.2%	1.85x	9.8x	8.9x	7.8x	7.3x
Mean		4.25x	1.5%	−14.86x	68.6x	21.0x	10.3x	9.7x
Median		2.96x	2.4%	1.65x	15.1x	14.5x	9.8x	9.9x

Technical analysis

1M−5.9%
3M−32.4%
1Y+17.7%
3Y+164.4%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Brookdale Senior Living Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	3,194	3,125	3,016	2,825	2,758	3,540
Cost of revenue	2,357	2,326	2,269	2,231	2,257	2,743
Gross profit	838	799	747	594	501	797
Selling, general & administrative expenses	395	386	381	334	359	431
Research & development	–	–	–	–	–	–
Depreciation/amortization	356	358	343	347	338	359
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	113	29.3	7.0	−42.9	22.9	94.1
Other operating expenses	0	0	0	0	0	0
Operating income	−26.6	25.8	15.7	−44.0	−219	−86.8
Net interest income (expense)	−242	−233	−219	−209	−183	−206
Gain (loss) on sale of assets	0	0.9	1.4	0.6	289	375
Other non-operating income (expense)	3.8	9.4	21.7	12.1	5.9	5.6
Net income before taxes	−265	−197	−180	−240	−108	87.3
Provision for taxes	−2.0	4.6	8.8	−1.6	−8.2	5.4
Minority interest	0.1	0.1	0.1	−0.1	0.1	0.1
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−263	−202	−189	−238	−99.3	82.0
Extraordinary items	–	–	–	–	–	–
Net income	−263	−202	−189	−238	−99.3	82.0
EBIT, normalized	105	63.0	26.6	−85.7	−192	20.7
EBITDA, normalized	475	431	377	268	153	380
Basic EPS, normalized	−1.12	−0.89	−0.84	−1.25	−0.54	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Brookdale Senior Living Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	279	329	308	448	529	553
Receivables	67.7	51.9	48.4	55.8	51.1	109
Total inventory	–	–	–	–	–	–
Prepaid expenses	96.7	92.4	80.9	106	87.9	66.9
Other current assets	110	39.9	41.3	27.7	30.5	44.1
Total current assets	554	513	478	637	699	774
Property, plant & equipment	5,305	5,728	5,002	5,133	5,535	5,856
Goodwill	27.3	27.3	27.3	27.3	27.3	154
Intangibles	–	–	–	–	–	–
Long-term investments	–	–	1.9	55.3	67.4	4.9
Note receivable	–	–	–	–	–	–
Other long-term assets	66.1	67.1	64.3	84.5	82.0	113
Total assets	5,952	6,336	5,573	5,937	6,410	6,902
Liabilities
Accounts payable	75.1	65.5	66.5	71.0	76.1	71.2
Payable/accrued	–	–	–	–	–	–
Accrued expenses	346	373	433	412	370	394
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	78.7	77.8	42.5	90.1	85.3	88.4
Other current liabilities	68.1	63.4	57.8	68.3	101	137
Total current liabilities	568	580	600	641	632	691
Long-term debt	4,239	4,289	3,807	4,009	4,310	4,391
Minority interest	1.4	1.4	1.5	1.5	2.2	2.3
Other liabilities	1,188	1,253	762	703	769	1,017
Total liabilities	5,997	6,123	5,170	5,354	5,713	6,101
Shareholders' equity
Preferred stock	0	0	0	0	0	0
Common stock	2.5	2.1	2.0	2.0	2.0	2.0
Additional paid-in capital	4,358	4,353	4,342	4,332	4,209	4,212
Retained earnings (accumulated deficit)	−4,303	−4,040	−3,838	−3,649	−3,410	−3,311
Treasury stock	−103	−103	−103	−103	−103	−103
Other equity	0	0	0	0	0	0
Total equity	−44.8	212	404	583	697	800
Total liabilities & shareholders' equity	5,952	6,336	5,573	5,937	6,410	6,902

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Brookdale Senior Living Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	−263	−202	−189	−238	−99.4	81.9
Depreciation, depletion & amortization	370	368	350	354	345	366
Deferred taxes	−3.3	3.6	7.6	−1.3	−9.8	−5.8
Non-cash items	108	−15.2	−47.1	−70.2	−286	−398
Changes in working capital	5.7	12.2	41.1	−40.7	−44.3	162
Cash from operations	218	166	163	3.3	−94.6	206
Investing activities
Capital expenditures	−513	−310	−234	−203	−177	−658
Other investing cash flows	56.6	31.6	120	135	358	233
Cash from investing	−456	−278	−113	−67.4	181	−425
Financing activities
Financing cash flow items	−24.6	−28.6	−12.7	127	−25.0	−23.2
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	226	171	−162	−26.9	−88.6	406
Cash from financing	201	142	−174	100	−114	383
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	−36.8	30.2	−125	36.2	−26.8	163
Free cash flow	−295	−143	−70.9	−200	−271	−452

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.