Welltower Inc.
WELL Real Estate Reit Healthcare Facilities
Welltower Inc.’s revenue for fiscal 2025 (year ended December 2025) was $10.8 billion, up 35.6% from fiscal 2024. In the quarter to June 2026, revenue grew 39.1%, EPS grew 37.0%, free cash flow grew 142.9% and total debt rose 11.0%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years, revenue growth for five, operating cash flow growth for three; insiders bought in the last twelve months.
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Welltower Inc. (WELL) Gross margin
Welltower Inc.'s gross margin over the twelve months to 30 June 2026 was 39.6%, down 0.7 percentage points from fiscal 2025 (40.2%). Over the past ten years it has ranged from 39.1% (fiscal 2022) to 58.0% (fiscal 2015); the current reading is higher than 27% of that period. That is below the Reit Healthcare Facilities industry median of 92.1% and below the Real Estate sector median of 66.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 40.2% | 0.79 |
| FY2024 | 39.4% | (0.95) |
| FY2023 | 40.4% | 1.28 |
| FY2022 | 39.1% | (2.24) |
| FY2021 | 41.3% | (0.21) |
| FY2020 | 41.6% | (5.56) |
| FY2019 | 47.1% | (1.13) |
| FY2018 | 48.2% | (2.02) |
| FY2017 | 50.3% | (5.66) |
| FY2016 | 55.9% | (2.05) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 39.3% | 0.65 |
| Mar 2026 | 38.6% | (0.81) |
| Dec 2025 | 39.4% | (1.80) |
| Sep 2025 | 41.2% | 0.64 |
| 42 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| SBRA Sabra Healthcare REIT, Inc. compare | 100.0% |
| OHI Omega Healthcare Investors, Inc. compare | 100.0% |
| CTRE CareTrust REIT, Inc. compare | 98.4% |
| VTR Ventas, Inc. compare | 94.8% |
| NHI National Health Investors, Inc. compare | 76.5% |
| HR Healthcare Realty Trust Incorporated compare | 62.1% |
| DOC Healthpeak Properties, Inc. compare | 58.1% |
| WELL Welltower Inc. | 39.6% |
| AHR American Healthcare REIT, Inc. compare | 19.2% |
| Reit Healthcare Facilities industry median | 92.1% |
| Real Estate sector median | 66.1% |
| Market median | 46.2% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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- Revenue
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- Free cash flow
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- Net margin
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- P/S ratio
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- Price to free cash flow
- EV/EBITDA
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