Welltower Inc. (WELL) stock
WELLNYSEReal Estate Investment TrustsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 27, 2026Score 10/30170% above fair value
$244.46−0.47 (-0.19%)
Close on Nov 13, 2026Market cap $179.34BP/E 105.8Yield 1.15%
Welltower gross margin
Gross margin is gross profit as a percentage of revenue.
Welltower's gross margin for the twelve months ending Sep 30, 2026 was 39.2%. For fiscal 2025 it was 40.1%, against 39.6% the year before. The highest annual figure on record is 51.7% in fiscal 2017.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 40.1% | +0.6 |
| FY2024 | Dec 31, 2024 | 39.6% | −1.0 |
| FY2023 | Dec 31, 2023 | 40.5% | +1.3 |
| FY2022 | Dec 31, 2022 | 39.3% | −2.2 |
| FY2021 | Dec 31, 2021 | 41.5% | −2.1 |
| FY2020 | Dec 31, 2020 | 43.6% | −3.9 |
| FY2019 | Dec 31, 2019 | 47.5% | −0.8 |
| FY2018 | Dec 31, 2018 | 48.2% | −3.5 |
| FY2017 | Dec 31, 2017 | 51.7% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 39.6% | −1.7 |
| Q2 FY2026 | Jun 30, 2026 | 39.3% | −1.2 |
| Q1 FY2026 | Mar 31, 2026 | 38.7% | −1.0 |
| Q4 FY2025 | Dec 31, 2025 | 39.2% | +1.8 |
| Q3 FY2025 | Sep 30, 2025 | 41.3% | +0.3 |
| Q2 FY2025 | Jun 30, 2025 | 40.6% | +1.5 |
| Q1 FY2025 | Mar 31, 2025 | 39.6% | −1.4 |
| Q4 FY2024 | Dec 31, 2024 | 37.4% | −3.4 |
| Q3 FY2024 | Sep 30, 2024 | 41.0% | +0.9 |
| Q2 FY2024 | Jun 30, 2024 | 39.1% | −3.3 |
| Q1 FY2024 | Mar 31, 2024 | 41.0% | +2.4 |
| Q4 FY2023 | Dec 31, 2023 | 40.8% | +2.6 |
| Q3 FY2023 | Sep 30, 2023 | 40.1% | +2.0 |
| Q2 FY2023 | Jun 30, 2023 | 42.4% | +0.4 |
| Q1 FY2023 | Mar 31, 2023 | 38.6% | −0.2 |
| Q4 FY2022 | Dec 31, 2022 | 38.2% | −1.9 |
| Q3 FY2022 | Sep 30, 2022 | 38.1% | −3.1 |
| Q2 FY2022 | Jun 30, 2022 | 42.0% | −1.7 |
| Q1 FY2022 | Mar 31, 2022 | 38.8% | −2.5 |
| Q4 FY2021 | Dec 31, 2021 | 40.0% | −4.7 |
| Q3 FY2021 | Sep 30, 2021 | 41.2% | +2.4 |
| Q2 FY2021 | Jun 30, 2021 | 43.7% | −0.7 |
| Q1 FY2021 | Mar 31, 2021 | 41.3% | −4.5 |
| Q4 FY2020 | Dec 31, 2020 | 44.7% | −2.8 |
| Q3 FY2020 | Sep 30, 2020 | 38.8% | −9.4 |
| Q2 FY2020 | Jun 30, 2020 | 44.4% | −2.5 |
| Q1 FY2020 | Mar 31, 2020 | 45.8% | −1.4 |
| Q4 FY2019 | Dec 31, 2019 | 47.5% | −0.0 |
| Q3 FY2019 | Sep 30, 2019 | 48.2% | +1.4 |
| Q2 FY2019 | Jun 30, 2019 | 46.9% | −2.6 |
| Q1 FY2019 | Mar 31, 2019 | 47.3% | −2.0 |
| Q4 FY2018 | Dec 31, 2018 | 47.6% | – |
| Q3 FY2018 | Sep 30, 2018 | 46.8% | – |
| Q2 FY2018 | Jun 30, 2018 | 49.5% | – |
| Q1 FY2018 | Mar 31, 2018 | 49.3% | – |
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