BKDBrookdale Senior Living Inc.
Services-Nursing & Personal Care Facilities
- Revenue
- $3.2B
- 2.2% YoY
- Operating margin
- 0.4%
- 72% YoY
- EBITDA
- $384M
- 7.3% YoY
- Market cap
- $2.5B
- Employees
- 33,000
- $97K revenue each
- Net debt / EBITDA
- 9.1×
- $3.5B net debt
- AI in 10-K
- 0.8
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo—Cash flow under 80% of net income
- Dilutive SBCNo0% of revenueOver 10% of revenue
- Payouts exceed cash flowNo0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo0% of assetsOver 40% of assets
- Shareholder dissentNo96% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeYes$97K · 8th pctBottom quartile of its SIC industry
- Quiet on AINo0.8 per 10K words · 30th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo9.1× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$2.5B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$0 netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $2.8B | $2.8B | $3.0B | $3.1B | $3.2B | 2.2% |
| Operating income | −$217M | −$43M | $18M | $47M | $13M | 71% |
| Net income | −$99M | −$238M | −$189M | −$202M | −$263M | 30% |
| Operating cash flow | −$95M | $3M | $163M | $166M | $218M | 31% |
| Capex | $177M | $197M | $233M | $201M | $202M | 0.1% |
| Stock-based comp | $16M | $14M | $12M | $14M | $12M | 16% |
| Buybacks | $0 | $0 | — | — | — |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Sep 27, 2019 | GLENVIEW CAPITAL MANAGEMENT, LLC | SC 13D | 11.7% | Active |
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.