Welltower Inc. (WELL) Earnings History
Earnings Pressure37 years of earnings data (1989–2025) · 5-year EPS trend is negative
Loading earnings history...
Welltower Inc. (WELL) Earnings Overview
As of June 20, 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% |
| 2015 | $884M | +72.6% | $1.25B | $2.34 | 23.0% | 32.4% |
| 2014 | $512M | +253.1% | $945M | $1.43 | 15.4% | 28.3% |
| 2013 | $145M | -51.2% | $694M | $0.10 | 5.0% | 24.1% |
| 2012 | $297M | +36.6% | $601M | $0.48 | 16.5% | 33.4% |
| 2011 | $218M | +69.3% | $461M | $0.90 | 16.7% | 35.4% |
| 2010 | $129M | -33.5% | $244M | $0.83 | 22.5% | 42.7% |
| 2009 | $193M | -31.8% | $267M | $1.49 | 36.9% | 51.1% |
| 2008 | $283M | +104.8% | $292M | $2.81 | 53.8% | 55.5% |
| 2007 | $138M | +34.7% | $234M | $1.43 | 32.2% | 54.6% |
| 2006 | $103M | +21.9% | $178M | $1.31 | 35.6% | 61.9% |
| 2005 | $84M | -1.3% | $181M | $1.15 | 29.9% | 64.1% |
| 2004 | $85M | +3.2% | $132M | $1.39 | 37.8% | 58.2% |
| 2003 | $83M | +22.3% | $111M | $1.60 | 48.6% | 65.4% |
| 2002 | $68M | +11.7% | $87M | $1.48 | 51.9% | 67.0% |
| 2001 | $61M | -11.0% | $76M | $1.52 | 56.2% | 70.2% |
| 2000 | $68M | -10.0% | $139M | $1.91 | 58.1% | 119.1% |
| 1999 | $76M | +21.3% | $148M | $2.21 | 58.4% | 114.5% |
| 1998 | $62M | +34.0% | $109M | $2.24 | 63.6% | 111.2% |
| 1997 | $47M | +51.6% | $79M | $2.12 | 63.4% | 108.2% |
| 1996 | $31M | +125.0% | $45M | $2.18 | 56.4% | 83.3% |
| 1995 | $14M | -45.4% | -$37M | $1.16 | 214.7% | -588.2% |
| 1994 | $25M | +24.1% | -$3M | $2.17 | 455.3% | -47.7% |
| 1993 | $20M | +21.8% | $41M | $2.15 | 55.8% | 114.4% |
| 1992 | $17M | +26.0% | $33M | $1.91 | 57.1% | 112.5% |
| 1991 | $13M | +13.9% | $34M | $1.92 | 44.9% | 117.5% |
| 1990 | $12M | +6.5% | $29M | $1.88 | 42.8% | 108.2% |
| 1989 | $11M | - | $30M | $1.79 | 40.6% | 111.3% |
Download Data
Export WELL earnings history in CSV or JSON format
Free sign-in required to download data
Full Stock Analysis
Deep dive into WELL consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
37+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
WELL — Frequently Asked Questions
Quick answers to the most common questions about buying WELL stock.
What is WELL earnings per share (EPS)?
WELL trailing twelve-month (TTM) diluted EPS is $1.97, reflecting -11.5% year-over-year growth. The 5-year EPS CAGR is -9.8%. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is Welltower Inc.'s net income?
Welltower Inc. (WELL) trailing twelve-month net income is $1.4B as of 2025. Earnings declined -11.5% year-over-year. Welltower Inc. has been profitable for 37 consecutive years.
Is WELL profitable?
Yes, WELL is profitable with a TTM net income of $1.4B and a net profit margin of +8.8%. Welltower Inc. has generated profits for 37 consecutive years.
What is WELL's earnings growth rate?
WELL compound annual EPS growth rates (CAGR): 1-Year: -11.5%, 3-Year: +66.7%, 5-Year: -9.8%, 10-Year: -5.1%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are WELL's profit margins?
Welltower Inc. net profit margin is +8.8%, operating margin is +3.3%, and gross margin is +39.2%. Margins are within a typical range for the sector. Return on Equity is +2.5%.
Is WELL growing earnings?
WELL earnings are declining — EPS fell -11.5% year-over-year. TTM net income dropped to $1.4B. This contrasts with the 5-year CAGR of -9.8%.
What was WELL's best earnings year?
Welltower Inc.'s highest annual net income on record is $1.2B, achieved in fiscal year 2019. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were WELL's earnings last quarter?
WELL's most recent reported quarter was Q1 2026. Net income was $752M with diluted EPS of $0.49. For a full breakdown of all quarters, see the quarterly earnings table on this page.