Welltower Inc. (WELL)
Real Estate · REIT - Healthcare Facilities · NYSE
Welltower Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.28B | $4.32B | $4.70B | $5.12B | $4.61B | $4.74B | $5.86B | $6.64B | $7.99B | $10.84B |
| Gross profit | — | $2.23B | $2.27B | $2.43B | $2.01B | $1.97B | $2.30B | $2.69B | $3.16B | $4.35B |
| Net income | $1.08B | $540.61M | $829.75M | $1.33B | $1.04B | $336.14M | $141.21M | $340.09M | $951.68M | $936.85M |
| Net margin | 25.3% | 12.5% | 17.7% | 26.0% | 22.6% | 7.1% | 2.4% | 5.1% | 11.9% | 8.6% |
Source: Welltower Inc. SEC filings (10-K). 18 years of history available in the interactive view.
What growth is priced into WELL stock?
At today's market cap of $145.96B, Welltower Inc. is priced for free-cash-flow growth of about 26.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.83B from the FY ending 2025-12-31). For comparison, free cash flow actually grew 10.3%/yr over the last five fiscal years and revenue 18.7%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 18 years of Welltower Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Welltower Inc. financial history by metric
About Welltower Inc.
Welltower Inc. is a S&P 500 company, is positioned at the center of the silver economy, focusing on rental housing for aging seniors across the United States, United Kingdom and Canada. Our portfolio of 2,000+ seniors and wellness housing communities are positioned at the intersection of housing and hospitality, creating vibrant communities for mature renters and older adults. We believe our real estate portfolio is unmatched, located in highly attractive micro markets with stunning built environments. Yet, we are an unusual real estate organization as we view ourselves as an operating company in a real estate wrapper, driven by highly aligned partnerships and an unconventional culture. Through our disciplined approach to capital allocation powered by our Data Science platform and superior operating results driven by the Welltower Business System - our end-to-end operating platform - we aspire to deliver long-term compounding of per share growth for our existing investors, our North Star. Welltower Inc. was incorporated in 1970 in Delaware and is based in Toledo, Ohio.
Welltower Inc. — frequently asked questions
What is Welltower Inc.'s revenue?
Welltower Inc. (WELL) reported revenue of $10.84B for fiscal year 2025, up 35.6% from the prior year, according to its SEC filings.
Is Welltower Inc. profitable?
Yes. WELL earned net income of $936.85M in fiscal 2025, a net margin of 8.6%.
What is WELL's P/E ratio?
Welltower Inc. trades at a price-to-earnings ratio of about 99.4 based on the latest data in our nightly-refreshed cache.
How fast is Welltower Inc. growing?
WELL's revenue grew at roughly 18.7% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Welltower Inc. have?
As of fiscal year 2025, WELL carried roughly $19.20B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Welltower Inc.'s gross margin?
WELL's gross margin was 40.1% in fiscal 2025 — gross profit of $4.35B on revenue of $10.84B.
What is Welltower Inc.'s market cap?
Welltower Inc. (WELL) has a market capitalization of about $145.96B, based on the latest data in our nightly-refreshed cache.
When does Welltower Inc.'s fiscal year end?
WELL's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into WELL stock?
At today's market cap of $145.96B, Welltower Inc. is priced for free-cash-flow growth of about 26.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.83B from the FY ending 2025-12-31). For comparison, free cash flow actually grew 10.3%/yr over the last five fiscal years and revenue 18.7%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Welltower Inc.'s official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.