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Largest US operator of senior living communities offering independent living, assisted living and memory care.
Largest US operator of senior living communities offering independent living, assisted living and memory care.
Residents pay monthly fees covering rent, meals and care, mostly out of their own savings or long-term care insurance rather than from Medicare, so occupancy and rate increases carry earnings. It owns some communities and leases many from real-estate investment trusts, so rent is a large fixed cost and higher occupancy flows through.
Moat: narrow (scale, brand, installed base). Largest US senior-living footprint but the industry is fragmented and competitive on price and quality.
Headquarters: Brentwood, Tennessee, United States · Founded: 1978 · Employees: 33,000
Size Brookdale Senior Living (BKD) is a United States Health Care company (Hospital/Nursing Management) with a market value of $2.15B, the 1749th largest of 3,117 United States companies the cockpit tracks. Shares closed at $9.01 on 6 Nov 2026.
Performance Over six months the shares fell 30.6%, against +2.2% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue fell 4.4% over the last twelve months (peer median +6.9%); the operating margin is 5.0% (peer median 10.3%).
Valuation It trades at 127.7× forward earnings against a peer median of 28.3× (2nd most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 22% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is +24 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.6 points below its cost of capital (6.0% WACC).
Short interest Short interest is 19.1% of the free float (15 Oct 2026).
Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.05B | $3.19B | $3.13B | $3.01B | $2.74B |
| Revenue growth | — | +2% | +4% | +10% | — |
| Gross profit | $322M | $303M | $260M | $215M | $38.6M |
| EBITDA | $469M | $459M | $421M | $361M | $206M |
| Net income | -$138M | -$263M | -$202M | -$189M | -$238M |
| Free cash flow | $23.7M | $16.5M | -$34.4M | -$68.5M | -$186M |
| Capital expenditure | $200M | $202M | $201M | $231M | $191M |
| Total debt | $5.49B | $5.52B | $5.65B | $4.73B | $4.89B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Brookdale Senior Living BKD | $2.15B | -31% | -4% | 5% | 127.7× | 22.4% |
| National HealthCare NHC | $3.27B | +11% | +7% | -8% | n/a | 7.9% |
| Sonida Senior Living SNDA | $1.58B | -14% | +49% | -11% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BKD | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -17.3% | +3.1% | lowest of 21 |
| 6-month return | -30.6% | +2.2% | lowest of 21 |
| Distance from 52-week high | -47.3% | -15.8% | 2nd lowest of 21 |
| Revenue growth (TTM) | -4.4% | +6.9% | lowest of 21 |
| Operating margin | 5.0% | 10.3% | 7th lowest of 20 |
| Forward P/E | 127.7× | 28.3× | 2nd most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 22.4% | 13.6% | 5th most demanding of 17 |
| Growth delivered (Del g) | -1.4% | +9.9% | lowest of 17 |
| Hurdle (Req g minus delivered) | +23.8 pp | +2.1 pp | most demanding of 17 |
| ROIC minus cost of capital | -3.6 pp | -2.1 pp | 7th lowest of 20 |
| EV / EBITDA | 15.4× | 13.6× | 6th most expensive of 14 |
| Net debt / EBITDA | 10.8× | 3.1× | 2nd most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Brookdale Senior Living BKD | United States | $2.15B | -31% | -4% | 5% | 127.7× | 22.4% | -1.4% |
| Huaxia Eye Hospital 301267.SZ | China | $1.92B | -16% | +2% | 15% | 24.7× | 3.8% | +10.4% |
| Ardent Health ARDT | United States | $2.44B | +71% | +3% | 4% | 14.5× | 4.0% | +8.7% |
| Extendicare EXE.TO | Canada | $1.87B | -9% | +31% | 9% | 19.4× | 11.2% | +8.5% |
| Topchoice Medical 600763.SS | China | $2.51B | -11% | +7% | 26% | 26.7× | 13.6% | +6.9% |
| Sienna Senior Living SIA.TO | Canada | $1.63B | -11% | +16% | 10% | 38.1× | 19.6% | +8.6% |
| Surgery Partners SGRY | United States | $2.99B | +61% | +4% | 14% | 62.5× | 13.8% | +12.2% |
| Xi'an International Medical Investment 000516.SZ | China | $1.54B | 0% | -1% | -2% | n/a | 13.6% | +20.6% |
| Aevis Victoria AEVS.SW | Switzerland | $1.49B | +9% | +15% | -6% | 107.9× | 26.6% | +10.2% |
| Sanbo Hospital Management 301293.SZ | China | $1.48B | -21% | +17% | 6% | 148.9× | n/a | n/a |
| Krishna Institute of Medical Sciences KIMS.NS | India | $3.21B | +2% | +31% | 12% | 70.0× | n/a | n/a |
| National HealthCare NHC | United States | $3.27B | +11% | +7% | -8% | n/a | 7.9% | +9.7% |
| Spire Healthcare SPI.L | United Kingdom | $1.34B | +68% | +2% | 8% | 19.5× | 9.8% | +11.4% |
| Rainbow Childrens Medicare RAINBOW.NS | India | $1.34B | -4% | +23% | 22% | 39.4× | 30.2% | +21.2% |
| Raffles Medical BSL.SI | Singapore | $1.25B | -15% | -3% | 11% | 27.3× | -2.4% | +6.1% |
| CVS CVSG.L | United Kingdom | $1.23B | +20% | +6% | 11% | 14.3× | 13.7% | +6.9% |
| Global Health MEDANTA.NS | India | $3.95B | +15% | +26% | 17% | 51.1× | n/a | n/a |
| Park Medi World PARKHOSPS.NS | India | $1.15B | +2% | +21% | n/a | 28.3× | 30.5% | +10.2% |
| Narayana Hrudayalaya NH.NS | India | $4.11B | +3% | +71% | 13% | 36.5× | 31.1% | +25.0% |
| Ramsay Generale de Sante GDS.PA | France | $1.09B | -15% | +3% | 4% | n/a | 6.3% | +6.0% |
| Rhon-klinikum RHK.DE | Germany | $1.08B | +14% | +5% | 3% | 22.5× | n/a | n/a |