Financials in USD. Standardized financial statements.
A compact view of how Welltower Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $10.67B | $7.85B | $6.48B | $5.78B | $4.71B | $4.59B | $5.10B | $4.67B | $4.30B | $4.25B |
| Revenue Growth? | +35.8% | +21.2% | +12.2% | +22.6% | +2.7% | -10.1% | +9.2% | +8.7% | +1.1% | 0.0% |
| Cost of Revenue? | $6.49B | $4.83B | $3.95B | $3.56B | $2.77B | $2.60B | $2.69B | $2.43B | $2.08B | $1.88B |
| Gross Profit? | $4.18B | $3.02B | $2.53B | $2.22B | $1.93B | $1.99B | $2.41B | $2.24B | $2.22B | $2.37B |
| Gross Margin? | +39.2% | +38.5% | +39.1% | +38.4% | +41.1% | +43.4% | +47.3% | +47.9% | +51.5% | +55.9% |
| Operating Expenses? | $3.82B | $1.88B | $1.59B | $1.47B | $1.17B | $1.26B | $1.17B | $1.08B | $1.11B | $1.07B |
| Operating Income? | $355.17M | $1.15B | $940.45M | $746.22M | $763.36M | $727.45M | $1.24B | $1.16B | $1.11B | $1.31B |
| EBITDA? | $2.31B | $2.78B | $2.40B | $2.04B | $1.71B | $1.53B | $2.14B | $1.92B | $1.72B | $2.14B |
| Income Before Tax | $954.72M | $975.56M | $364.50M | $167.81M | $383.19M | $1.05B | $1.33B | $838.42M | $216.49M | $698.90M |
| Income Tax Expense | -$7.12M | $2.70M | $6.36M | $7.25M | $8.71M | $9.97M | $2.96M | $8.67M | $20.13M | -$19.13M |
| Net Income? | $936.85M | $951.68M | $340.09M | $141.21M | $336.14M | $978.84M | $1.23B | $804.95M | $522.77M | $1.08B |
| EPS? | $1.41 | $1.58 | $0.66 | $0.31 | $0.79 | $2.36 | $3.07 | $2.03 | $1.26 | $2.83 |
| Diluted EPS? | $1.39 | $1.57 | $0.66 | $0.30 | $0.78 | $2.33 | $3.05 | $2.02 | $1.26 | $2.81 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality