Welltower Inc. (WELL) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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WELL Revenue Growth
Revenue Breakdown (FY 2025)
WELL's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
WELL Revenue Analysis (2014–2025)
As of May 6, 2026, Welltower Inc. (WELL) generated trailing twelve-month (TTM) revenue of $11.63 billion, reflecting explosive growth of +40.3% year-over-year. The most recent quarter (Q1 2026) recorded $3.35 billion in revenue, up 6.9% sequentially.
Looking at the longer-term picture, WELL's 5-year compound annual growth rate (CAGR) stands at +18.4%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $10.67 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows WELL's business is primarily driven by Senior Housing - Operating (81%), Triple Net (11%), and Outpatient Medical (7%). With over half of revenue concentrated in Senior Housing - Operating, the company maintains significant focus in this area while developing other growth vectors.
When compared to Real Estate sector peers including VTR (+20.7% YoY), OHI (+14.2% YoY), and SBRA (+12.9% YoY), WELL has outperformed the peer group in terms of revenue growth. Compare WELL vs VTR →
WELL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| WELLCurrent | $11.6B | +40.3% | +18.4% | 3.3% | |
 VTR | $5.8B | +20.7% | +9.0% | 14.2% | |
 OHI | $1.2B | +14.2% | +6.1% | 62.6% | |
 SBRA | $775M | +12.9% | +5.3% | 34.1% | |
 LTC | $263M | +25.3% | +10.5% | 79.4% | |
 NHI | $379M | +17.3% | +2.6% | 51.5% |
WELL Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $10.67B | +35.8% | $4.18B | 39.2% | $355.2M | 3.3% |
| 2024 | $7.85B | +21.2% | $3.02B | 38.5% | $1.15B | 14.6% |
| 2023 | $6.48B | +12.2% | $2.53B | 39.1% | $940.5M | 14.5% |
| 2022 | $5.78B | +22.6% | $2.22B | 38.4% | $746.2M | 12.9% |
| 2021 | $4.71B | +2.7% | $1.93B | 41.1% | $763.4M | 16.2% |
| 2020 | $4.59B | -10.1% | $1.99B | 43.4% | $727.4M | 15.9% |
| 2019 | $5.10B | +9.2% | $2.41B | 47.3% | $1.24B | 24.3% |
| 2018 | $4.67B | +8.7% | $2.24B | 47.9% | $1.16B | 24.9% |
| 2017 | $4.30B | +1.1% | $2.22B | 51.5% | $1.11B | 25.8% |
| 2016 | $4.25B | +10.7% | $2.37B | 55.9% | $1.31B | 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's revenue growth accelerating or slowing?
WELL revenue is accelerating at +40.3% year-over-year, exceeding the 5-year CAGR of +18.4%. TTM revenue reached $11.6B. Growth momentum has increased versus prior periods.
What is WELL's long-term revenue growth rate?
Welltower Inc.'s 5-year revenue CAGR of +18.4% reflects the sustained expansion pattern. Current YoY growth of +40.3% is above this long-term average.
How is WELL's revenue distributed by segment?
WELL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.