9 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $8.5B | $937M | 23.2% | 0.0% | — | $19.2B | $5.0B |
| 2024 | $6.0B | $952M | 19.9% | 0.0% | — | $15.5B | $3.5B |
| 2023 | $4.8B | $340M | 17.0% | 0.0% | — | $15.7B | $2.0B |
| 2022 | $4.2B | $141M | 14.7% | 0.0% | — | $14.7B | $632M |
| 2021 | $3.2B | $336M | 13.2% | 0.0% | — | $13.9B | $269M |
| 2011 | — | $218M | — | — | — | $6.6B | $163M |
| 2010 | — | $129M | — | — | — | $4.2B | $132M |
| 2009 | — | $193M | — | — | — | — | $35M |
| 2008 | — | $283M | — | — | — | — | $23M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $2.8B | $752M | 26.1% | 0.0% | — | $17.9B | $4.7B |
| Dec '25 | $2.6B | $118M | 24.3% | 0.0% | — | $19.2B | $5.0B |
| Sep '25 | $2.1B | $282M | 23.5% | 0.0% | — | $16.9B | $6.8B |
| Jun '25 | $2.0B | $305M | 23.2% | 0.0% | — | $16.0B | $4.4B |
| Mar '25 | $1.9B | $257M | 21.6% | 0.0% | — | $15.7B | $3.5B |
| Dec '24 | $1.8B | $124M | 20.0% | 0.0% | — | $15.5B | $3.5B |
| Sep '24 | $1.5B | $457M | 19.8% | 0.0% | — | $15.8B | $3.6B |
| Jun '24 | $1.4B | $261M | 20.2% | 0.0% | — | $13.9B | $2.8B |
| Mar '24 | $1.4B | $132M | 19.4% | 0.0% | — | $14.2B | $2.4B |
| Dec '23 | $1.3B | $88M | 18.0% | 0.0% | — | $15.7B | $2.0B |
| Sep '23 | $1.2B | $135M | 17.0% | 0.0% | — | $15.8B | $2.6B |
| Jun '23 | $1.2B | $106M | 17.3% | 0.0% | — | $16.0B | $2.2B |
| Mar '23 | $1.1B | $29M | 15.4% | 0.0% | — | $15.1B | $572M |
| Dec '22 | — | $2M | — | — | — | $14.7B | $632M |
| Sep '22 | — | -$3M | — | — | — | $14.6B | $343M |
| Jun '22 | — | $96M | — | — | — | $14.8B | $363M |
| Mar '22 | — | $66M | — | — | — | $14.3B | $301M |
| Dec '21 | — | $66M | — | — | — | $13.9B | $269M |
| Sep '21 | — | $190M | — | — | — | $13.5B | $304M |
| Jun '21 | — | $46M | — | — | — | $13.6B | $514M |
How the market has priced WELL against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Welltower's revenue has grown 27.5% per year, and net income grown 29.2% per year. These are computed facts, not advice.
As of FY2025, Welltower reported $19.2B of total debt against $5.0B of cash.
In FY2025, gross margin was 23.2%, operating margin —, and net margin 11.1%.
As of Jun '26, Welltower traded at a price-to-earnings ratio of about 168.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.