Welltower Inc. (WELL) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
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 March 2, 2026, Welltower Inc. (WELL) generated trailing twelve-month (TTM) revenue of $10.84 billion, reflecting explosive growth of +46.3% year-over-year. The most recent quarter (Q4 2025) recorded $3.25 billion in revenue, up 20.9% sequentially.
Looking at the longer-term picture, WELL's 5-year compound annual growth rate (CAGR) stands at +18.8%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $10.84 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 (+15.7% YoY), DOC (+4.5% YoY), and AHR (+9.4% YoY), WELL has outperformed the peer group in terms of revenue growth. Compare WELL vs VTR →
Peer Comparison
Compare WELL's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| WELLCurrent | $10.8B | +46.3% | +18.8% | 4.9% | |
| VTR | $5.8B | +15.7% | +9.0% | 14.2% | |
| DOC | $2.8B | +4.5% | +11.4% | 19.3% | |
| AHR | $2.1B | +9.4% | +11.1% | 6.6% | |
| DHC | $1.5B | +2.8% | -1.2% | -2.6% | |
| SILA | $198M | +5.7% | +3.6% | 32.9% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $10.84B | +38.0% | $2.27B | 20.9% | $526.1M | 4.9% |
| 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% |
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Start ComparisonFrequently Asked Questions
Is WELL's revenue growth accelerating or slowing?
WELL revenue is accelerating at +46.3% year-over-year, exceeding the 5-year CAGR of +18.8%. TTM revenue reached $10.8B. Growth momentum has increased versus prior periods.
What is WELL's long-term revenue growth rate?
Welltower Inc.'s 5-year revenue CAGR of +18.8% reflects the sustained expansion pattern. Current YoY growth of +46.3% 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.