# Brookdale Senior Living Inc. (BKD)

> Source: Nexqual · https://nexqual.com/BKD · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Brookdale Senior Living Inc. (BKD), nexqual.com/BKD" · informational, not investment advice.

**Price:** USD 10.19 (+1.09% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 10.08 · day 10.02–10.24 · 52w 8.02–17.09 · market cap $2.43B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $3.05B, net income -$138M (-4.5% margin), free cash flow $23.7M (SEC filings).
- 3 of 80 tracked superinvestors hold BKD (13F, Q2 2026): 0 new, 3 added, 0 reduced, 0 unchanged.
- Total return with dividends: 1Y +16.9% vs S&P 500 +14.9%; 5Y +53.7% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD -0.02, revenue estimate $721M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.76B | $2.83B | $3.02B | $3.13B | $3.19B | $3.05B |
| Gross profit | $501M | $594M | $747M | $799M | $838M | — |
| Operating income | -$217M | -$42.7M | $18.4M | $46.5M | $13.5M | $106M |
| Net income | -$99.3M | -$238M | -$189M | -$202M | -$263M | -$138M |
| EPS (diluted) | -$0.54 | -$1.25 | -$0.84 | -$0.89 | -$1.12 | — |
| Free cash flow | -$271M | -$194M | -$70.3M | -$35.1M | $16.5M | $23.7M |
| Gross margin | 18.2% | 21.0% | 24.8% | 25.6% | 26.2% | — |
| Operating margin | -7.9% | -1.5% | 0.6% | 1.5% | 0.4% | 3.5% |
| Net margin | -3.6% | -8.4% | -6.3% | -6.5% | -8.2% | -4.5% |
| Revenue growth | -22.1% | +2.4% | +6.7% | +3.6% | +2.2% | — |
| Cash + short-term investments | $529M | $448M | $308M | $329M | $279M | — |
| Total debt | $3.84B | $3.85B | $3.70B | $4.06B | $4.29B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 0.8x · EV/EBITDA 14.7x · EV/Sales 2.1x · P/FCF 102.6x · FCF yield 0.97% · Earnings yield -5.68% · Net debt $3.88B · EV $6.32B

## Superinvestors (SEC 13F-HR, Q2 2026)
3 of 80 tracked investors hold BKD. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Third Avenue Management |  | 1.27% | $8.0M | Added +6.7% |
| First Eagle Investment | First Eagle Investment Management | 0.06% | $37.0M | Added +23.3% |
| Polen Capital | Polen Capital Management | 0.06% | $7.3M | Added +7.3% |

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-11 | Barclays | Target lowered | Overweight | $18 → $17 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +16.9% | +53.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +16.9% | +8.9% |
| Volatility (annualized) | 38.6% | 52.2% |
| Max drawdown | -41.2% (Feb 2026→Oct 2026) | -68.2% (Nov 2021→Mar 2023) |

## Peers (Medical Care Facilities)
MD (Pediatrix Medical Group, Inc.) USD 29.55 +5.16% · GRDN (Guardian Pharmacy Services, Inc) USD 39.59 +1.56% · ADUS (Addus HomeCare Corporation) USD 122.67 +4.00% · SGRY (Surgery Partners, Inc.) USD 15.9 +3.25% · AVAH (Aveanna Healthcare Holdings Inc) USD 13.32 +2.54% · ACHC (Acadia Healthcare Company, Inc.) USD 31.88 +1.43%

## More
Full page: https://nexqual.com/BKD · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in BKD's own 10-K filed 2026-02-19 (https://www.sec.gov/Archives/edgar/data/1332349/000133234926000032/bkd-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | WELLTOWER INC. (WELL) | "In September 2024, the Company entered into a definitive agreement to acquire 11 senior living communities that were leased by the Company from a joint venture between Welltower Inc. ("Welltower") and its joint venture p…" |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Assisted Living And Memory Care | $516.6M | 71.9% | -2.8% |
| Independent Living | $119.8M | 16.7% | -24.3% |
| CCRCs | $72.1M | 10.0% | -16.3% |
| All Other | $10.1M | 1.4% | -72.9% |
| Total revenue | $718.6M | 100% | — |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Resident fees | $708.5M | 98.6% | -8.7% |
| Reimbursed costs incurred on behalf of managed communities | $9.4M | 1.3% | -73.0% |
| Management fees | $742,000 | 0.1% | -71.7% |
| Total revenue | $718.6M | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $-0.02 | $-0.03 | -20.0% | $720.9M | 1 |
| Next quarter (ends 2026-12-31) | $-0.02 | $-0.04 | -42.9% | $724.0M | 1 |
| Current fiscal year (ends 2026-12-31) | $-0.62 | $-0.55 | +13.2% | $2.93B | 1 |
| Next fiscal year (ends 2027-12-31) | $0.12 | $0.11 | +9.1% | $3.00B | 1 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-05): ±12.5%; last 8 reports averaged ±6.2%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 55.4% | ±12.5% |
| 2026-12-18 | 56 | 46.7% | ±14.6% |
| 2027-01-15 | 84 | 39.8% | ±15.0% |
| 2027-02-19 | 119 | 65.4% | ±31.1% |
| 2027-04-16 | 175 | 47.3% | ±25.2% |
| 2027-06-17 | 237 | 41.6% | ±26.0% |