Welltower Inc. (WELL) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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WELL EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
WELL Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 39.2% | 3.3% | 8.8% |
| 2024 | 38.5% | 14.6% | 12.1% |
| 2023 | 39.1% | 14.5% | 5.2% |
| 2022 | 38.4% | 12.9% | 2.4% |
| 2021 | 41.1% | 16.2% | 7.1% |
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Welltower Inc. (WELL) Earnings Overview
As of May 6, 2026, Welltower Inc. (WELL) reported trailing twelve-month net income of $1.43B, reflecting -11.5% year-over-year growth. The company earned $1.97 per diluted share over the past four quarters, with a net profit margin of 8.8%.
Looking at the long-term picture, WELL's 5-year EPS compound annual growth rate (CAGR) stands at -9.8%, signaling declining earnings. The company achieved its highest annual net income of $1.23B in fiscal 2019.
Welltower Inc. maintains positive profitability with a gross margin of 39.2%, operating margin of 3.3%, and net margin of 8.8%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including VTR ($260M net income, 4.3% margin), OHI ($632M net income, 49.3% margin), SBRA ($156M net income, 20.1% margin), WELL has outperformed on profitability metrics. Compare WELL vs VTR →
WELL Earnings vs Peers
Earnings metrics vs comparable public companies
WELL Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $937M | -1.6% | $355M | $1.39 | 8.8% | 3.3% |
| 2024 | $952M | +179.8% | $1.15B | $1.57 | 12.1% | 14.6% |
| 2023 | $340M | +140.8% | $940M | $0.66 | 5.2% | 14.5% |
| 2022 | $141M | -58.0% | $746M | $0.30 | 2.4% | 12.9% |
| 2021 | $336M | -65.7% | $763M | $0.78 | 7.1% | 16.2% |
| 2020 | $979M | -20.6% | $727M | $2.33 | 21.3% | 15.9% |
| 2019 | $1.23B | +53.1% | $1.24B | $3.05 | 24.2% | 24.3% |
| 2018 | $805M | +54.0% | $1.16B | $2.02 | 17.2% | 24.9% |
| 2017 | $523M | -51.5% | $1.11B | $1.26 | 12.2% | 25.8% |
| 2016 | $1.08B | +22.0% | $1.31B | $2.81 | 25.4% | 30.8% |
Full WELL Stock Analysis
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Start ComparisonWELL — Frequently Asked Questions
Quick answers to the most common questions about buying WELL stock.
Is WELL growing earnings?
WELL EPS fell to $1.97, with earnings declining -11.5%. This contrasts with the 5-year CAGR of -9.8%. TTM net income dropped to $1.4B.
What are WELL's profit margins?
Welltower Inc. net margin is +8.8%, with operating margin at +3.3%. Margins sit within typical range for the sector.
How consistent are WELL's earnings?
WELL earnings data spans 1989-2025. The declining earnings trend is -11.5% YoY. Historical data enables comparison across business cycles.