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) Operating margin
Welltower Inc.'s operating margin over the twelve months to 30 June 2026 was 4.24%, up 1.2 percentage points from fiscal 2025 (3.00%). Over the past ten years it has ranged from 3.00% (fiscal 2025) to 30.0% (fiscal 2016) — the current reading is the lowest in ten years. That is below the Reit Healthcare Facilities industry median of 21.1% and below the Real Estate sector median of 18.8%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 3.00% | (11.59) |
| FY2024 | 14.6% | (0.35) |
| FY2023 | 14.9% | 2.50 |
| FY2022 | 12.4% | (3.47) |
| FY2021 | 15.9% | 1.22 |
| FY2020 | 14.7% | (8.87) |
| FY2019 | 23.6% | 0.63 |
| FY2018 | 22.9% | 0.96 |
| FY2017 | 22.0% | (7.99) |
| FY2016 | 30.0% | 1.29 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 15.0% | (1.25) |
| Mar 2026 | 16.2% | 48.37 |
| Dec 2025 | −32.2% | (50.40) |
| Sep 2025 | 18.2% | 0.23 |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| CTRE CareTrust REIT, Inc. compare | 65.8% |
| OHI Omega Healthcare Investors, Inc. compare | 61.9% |
| NHI National Health Investors, Inc. compare | 45.9% |
| SBRA Sabra Healthcare REIT, Inc. compare | 18.2% |
| DOC Healthpeak Properties, Inc. compare | 16.5% |
| VTR Ventas, Inc. compare | 13.9% |
| HR Healthcare Realty Trust Incorporated compare | 11.3% |
| AHR American Healthcare REIT, Inc. compare | 6.40% |
| WELL Welltower Inc. | 4.24% |
| Reit Healthcare Facilities industry median | 21.1% |
| Real Estate sector median | 18.8% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on WELL
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
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- Current ratio
- Total debt
- Shares outstanding
- Book value per share
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- Piotroski F-score
- The full statement