Financials · Real Estate Investment Trusts

Welltower Inc.

NYSEWELL ISINUS95040Q1040 SEC CIK0000766704 Listed on NYSE · USD

$247.22 -0.13 (-0.05%) Pre-market $247.96 (+0.25%) ≈ ₹23,202 a share

Open chart

Price, last 12 months+30.01% in a year

Key numbers

Market value: $181.36B
P/E (TTM): -453.5
Forward P/E: 85.7
EPS (TTM): $-0.55
Dividend yield: 1.29%
Beta: 0.79
Day range: $245.18 – $249.75
52-week range: $181.47 – $255.20
Volume: 291,294
10-day avg volume: $3.16M
Revenue (TTM): $13.79B
EBITDA (TTM): $3.33B
Gross margin: 40.3%
Net margin: -1.6%
Return on equity: -0.8%
Debt / equity: 40.5%
Price / sales: 13.15
Shares out: 733.61M

52W low52W high

Quarterly results

Results for each quarter

Last 12 quarters from 10-Q and 10-K filings with the US SEC. Q4 = full year minus the first three quarters. Hover a bar to see the number.

Revenue and net income

$1.75B$88.44M

Dec 23

$1.86B$131.63M

Mar 24

$1.82B$260.67M

Jun 24

$2.06B$456.80M

Sep 24

$2.25B$123.75M

Dec 24

$2.42B$257.27M

Mar 25

$2.55B$304.62M

Jun 25

$2.69B$282.19M

Sep 25

$3.18B$117.77M

Dec 25

$3.35B$752.32M

Mar 26

$3.54B$462.98M

Jun 26

$3.72B$414.82M

Sep 26

Revenue · QoQ (vs last quarter)

—+6.3%-1.9%+13%+9.5%+7.7%+5.2%+5.4%+18%+5.4%+5.7%+4.8%

Revenue · YoY (vs a year ago)

————+29%+30%+40%+31%+41%+38%+39%+38%

Net income · QoQ (vs last quarter)

—+49%+98%+75%-73%+108%+18%-7.4%-58%+539%-38%-10%

Net income · YoY (vs a year ago)

————+40%+95%+17%-38%-4.8%+192%+52%+47%

RevenueOperating incomeNet incomeLine = trend

US$	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	$1.75B	$1.86B	$1.82B	$2.06B	$2.25B	$2.42B	$2.55B	$2.69B	$3.18B	$3.35B	$3.54B	$3.72B
Cost of revenue	$1.04B	$1.10B	$1.11B	$1.21B	$1.41B	$1.46B	$1.51B	$1.58B	$1.93B	$2.06B	$2.15B	$2.25B
Gross profit	$713.70M	$762.83M	$713.59M	$842.96M	$841.53M	$960.70M	$1.03B	$1.11B	$1.25B	$1.30B	$1.39B	$1.47B
Gross margin	40.8%	41.0%	39.1%	41.0%	37.4%	39.6%	40.6%	41.3%	39.2%	38.7%	39.3%	39.6%
Selling, general & admin	$44.33M	$53.32M	$55.57M	$77.90M	$48.71M	$63.76M	$64.18M	$63.12M	$1.56B	$67.47M	$67.49M	$67.17M
Pre-tax income	$87.46M	$140.90M	$90.43M	$183.87M	$109.24M	$198.71M	$298.21M	$293.11M	—	$345.24M	$320.43M	$337.95M
Income tax	$-4.77M	$6.19M	$1.10M	$-4.71M	$114.00K	$-5.52M	$1.05M	$2.34M	$-4.99M	$11.63M	$-61.98M	$7.12M
Net income	$88.44M	$131.63M	$260.67M	$456.80M	$123.75M	$257.27M	$304.62M	$282.19M	$117.77M	$752.32M	$462.98M	$414.82M
Net margin	5.1%	7.1%	14.3%	22.2%	5.5%	10.6%	12.0%	10.5%	3.7%	22.4%	13.1%	11.2%
EPS (diluted)	—	$0.22	$0.42	$0.73	—	$0.40	$0.45	$0.41	—	$1.02	$0.61	$0.54

Income statement

Results for each year

8 fiscal years from the company's 10-K filings with the US SEC.

Revenue, gross profit and net income

$4.70B$2.27B$829.75M

FY18

$5.12B$2.43B$1.33B

FY19

$4.61B$2.01B$1.04B

FY20

$4.74B$1.97B$374.48M

FY21

$5.86B$2.30B$160.57M

FY22

$6.64B$2.69B$358.14M

FY23

$7.99B$3.16B$972.86M

FY24

$10.84B$4.35B$961.84M

FY25

Revenue · YoY (vs a year ago)

—+9.0%-10%+3.0%+24%+13%+20%+36%

Net income · YoY (vs a year ago)

—+60%-22%-64%-57%+123%+172%-1.1%

RevenueGross profitNet incomeLine = trend

$2.02

FY18

$3.05

FY19

$2.33

FY20

$0.78

FY21

$0.30

FY22

$0.66

FY23

$1.57

FY24

$1.39

FY25

EPS (diluted) · YoY (vs a year ago)

—+51%-24%-67%-62%+120%+138%-11%

EPS (diluted)Line = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$4.70B	$5.12B	$4.61B	$4.74B	$5.86B	$6.64B	$7.99B	$10.84B
Revenue growth	—	9.0%	-10.1%	3.0%	23.6%	13.3%	20.4%	35.6%
Cost of revenue	$2.43B	$2.69B	$2.60B	$2.77B	$3.56B	$3.95B	$4.83B	$6.49B
Gross profit	$2.27B	$2.43B	$2.01B	$1.97B	$2.30B	$2.69B	$3.16B	$4.35B
Gross margin	48.2%	47.5%	43.6%	41.5%	39.3%	40.5%	39.6%	40.1%
Selling, general & admin	$126.38M	$126.55M	$128.39M	$126.73M	$150.39M	$179.09M	$235.49M	$1.75B
Depreciation & amortisation	$950.46M	$1.03B	$1.04B	$1.04B	$1.31B	$1.40B	$1.63B	$2.08B
Pre-tax income	$423.49M	$542.89M	$-31.55M	$170.75M	$173.06M	$350.05M	$524.44M	—
Income tax	$8.67M	$2.96M	$9.97M	$8.71M	$7.25M	$6.36M	$2.70M	$-7.12M
Tax rate	2.0%	0.5%	—	5.1%	4.2%	1.8%	0.5%	—
Net income	$829.75M	$1.33B	$1.04B	$374.48M	$160.57M	$358.14M	$972.86M	$961.84M
Net margin	17.7%	26.0%	22.6%	7.9%	2.7%	5.4%	12.2%	8.9%
EPS (diluted)	$2.02	$3.05	$2.33	$0.78	$0.30	$0.66	$1.57	$1.39

Balance sheet

Assets and debt

At each fiscal year end.

Equity, debt and cash

$14.63B$12.19B$215.38M

FY18

$15.54B$13.42B$284.92M

FY19

$15.97B$2.38B$1.55B

FY20

$17.64B$13.91B$269.27M

FY21

$20.29B$14.71B$631.68M

FY22

$25.40B$15.74B$1.99B

FY23

$31.96B$15.50B$3.51B

FY24

$42.13B$19.20B$5.03B

FY25

Shareholders' equity · YoY (vs a year ago)

—+6.2%+2.8%+10%+15%+25%+26%+32%

Shareholders' equityTotal debtCash + short-term investmentsLine = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & equivalents	$215.38M	$284.92M	$1.55B	$269.27M	$631.68M	$1.99B	$3.51B	$5.03B
Total assets	$30.34B	$33.38B	$32.48B	$34.91B	$37.89B	$44.01B	$51.04B	$67.30B
Long-term debt	$12.19B	$13.42B	$2.38B	$13.91B	$14.71B	$15.74B	$15.50B	$19.20B
Total debt	$12.19B	$13.42B	$2.38B	$13.91B	$14.71B	$15.74B	$15.50B	$19.20B
Total liabilities	$14.33B	$16.40B	$15.26B	$15.91B	$16.50B	$17.64B	$18.47B	$24.10B
Shareholders' equity	$14.63B	$15.54B	$15.97B	$17.64B	$20.29B	$25.40B	$31.96B	$42.13B
Debt / equity	0.83	0.86	0.15	0.79	0.73	0.62	0.49	0.46
Return on equity	5.7%	8.6%	6.5%	2.1%	0.8%	1.4%	3.0%	2.3%

Cash flow

Cash coming in and going out

Free cash flow = cash from operations minus capital spending. Shareholder returns = dividends + buybacks.

Free cash flow and shareholder returns

$1.58B$1.58B$1.30B

FY18

$1.54B$1.54B$1.40B

FY19

$1.36B$1.36B$1.13B

FY20

$1.28B$1.28B$1.04B

FY21

$1.33B$1.33B$1.13B

FY22

$1.60B$1.60B$1.26B

FY23

$2.26B$2.26B$1.55B

FY24

$2.88B$2.88B$1.88B

FY25

Operating cash flow · YoY (vs a year ago)

—-3.0%-11%-6.6%+4.2%+21%+41%+28%

Free cash flow · YoY (vs a year ago)

—-3.0%-11%-6.6%+4.2%+21%+41%+28%

Operating cash flowFree cash flowDividends + buybacksLine = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash from operations	$1.58B	$1.54B	$1.36B	$1.28B	$1.33B	$1.60B	$2.26B	$2.88B
Free cash flow	$1.58B	$1.54B	$1.36B	$1.28B	$1.33B	$1.60B	$2.26B	$2.88B
FCF margin	33.7%	30.0%	29.6%	26.9%	22.7%	24.1%	28.2%	26.6%
Stock-based pay	$27.65M	$25.05M	$28.32M	$17.81M	$26.15M	$37.20M	$75.82M	$1.56B
Cash from investing	$-2.39B	$-2.05B	$2.35B	$-4.52B	$-3.70B	$-5.71B	$-5.51B	$-10.51B
Cash from financing	$818.37M	$577.15M	$-2.08B	$1.57B	$2.76B	$5.45B	$4.91B	$9.00B
Dividends paid	$-1.30B	$-1.40B	$-1.12B	$-1.04B	$-1.13B	$-1.26B	$-1.55B	$-1.88B
Share buybacks	$0	$0	$-7.66M	$0	$0	—	—	—

About

About Welltower Inc.

Welltower Inc. is an American real estate investment trust that invests in healthcare facilities such as retirement and nursing homes, and outpatient medical clinics.

From Wikipedia (CC BY-SA 4.0).

Company details

Company name: Welltower Inc.
Ticker: WELL
Exchange: NYSE
ISIN: US95040Q1040
SEC CIK: 0000766704
Sector: Financials
Industry: Real Estate Investment Trusts
SEC industry (SIC): Real Estate Investment Trusts (6798)
Incorporated in: Delaware
Financial year ends: 31 December
Filer type: Large accelerated filer
Latest annual report (10-K): 12 Feb 2026
CEO: Shankh Mitra
Chair: Kenneth J. Bacon
Headquarters: Toledo
Address: 4500 Dorr Street, Toledo, Oh 43615
Founded: 1970
Employees: 712
Formerly known as: Health Care Reit Inc /de/
Trades in: US dollars (USD)
Website: welltower.com

News

Peers

Others in Financials

Quotes from CNBC (may be delayed), financials from SEC EDGAR, profile from global-stock-logos (MIT). Information only, not investment advice.

India, Wall Street, crypto and commodities, live.

Every product, one clear workflow.

Built from data, on the record.

A clearer view of the markets.

Calculators and tools that show the maths.

Read the numbers, not the noise.

Welltower Inc.

Key numbers

Quarterly results

Revenue and net income

Income statement

Revenue, gross profit and net income

Balance sheet

Equity, debt and cash

Cash flow

Free cash flow and shareholder returns

About

Company details

News

Peers