Welltower profit margin WELL
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 12.1%
- Net margin on a year earlier
- −0.0 pts
- Peer median
- 20.9%
Over the twelve months to Jun 30, 2026, Welltower kept 12.1% of its revenue as net profit and a gross margin of 39.5%.
Five years earlier its net margin was 13.5%.
The median for 10 real estate stocks of a similar size is 20.9%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Gross margin |
|---|---|---|
| FY2025 | 8.6% | 40.1% |
| FY2024 | 11.9% | 39.6% |
| FY2023 | 5.1% | 40.5% |
| FY2022 | 2.4% | 39.3% |
| FY2021 | 7.1% | 41.5% |
| FY2020 | 21.3% | 43.6% |
| FY2019 | 24.1% | 47.5% |
| FY2018 | 17.1% | 48.2% |
| FY2017 | 12.1% | n/a |
| FY2016 | 25.2% | n/a |
| FY2015 | 22.9% | n/a |
| FY2014 | 15.3% | n/a |
| FY2013 | 5.0% | n/a |
| FY2012 | 16.5% | n/a |
| FY2011 | 15.7% | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year |
|---|---|---|---|
| Q2 FY26 | 12.1% | −0.0 pts | |
| Q1 FY26 | 12.0% | −0.7 pts | |
| Q4 FY25 | 8.6% | −3.3 pts | |
| Q3 FY25 | 9.7% | −2.5 pts | |
| Q2 FY25 | 12.2% | +3.8 pts | |
| Q1 FY25 | 12.7% | +6.3 pts | |
| Q4 FY24 | 11.9% | +6.8 pts | |
| Q3 FY24 | 12.2% | +8.3 pts | |
| Q2 FY24 | 8.4% | +6.5 pts | |
| Q1 FY24 | 6.4% | +4.6 pts | |
| Q4 FY23 | 5.1% | +2.7 pts | |
| Q3 FY23 | 3.9% | +0.3 pts |
Against its peers
Companies in Real Estate nearest Welltower's size, closest first, today.
| Company | Profit margin |
|---|---|
| WELLWelltower | 12.1% |
| PLDPrologis | 45.5% |
| EQIXEquinix | 15.6% |
| AMTAmerican Tower | 31.1% |
| SPGSimon Property | n/m |
| DLRDigital Realty Trust | 11.8% |
| PSAPublic Storage | 41.8% |
| ORealty Income | 20.9% |
| VMRKVivmark Residential | 28.0% |
| VTRVentas | 4.1% |
| CCICrown Castle | 20.7% |
| Peer median | 20.9% |
Where Welltower ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Welltower
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.