WELL logo Welltower +
Company
Company
Ticker
WELL
Headquarter
Toledo ,OH
US
CEO
Shankh S. Mitra
Industry
REIT - Healthcare Facilities
Stock Price
Stock Price
Market Cap
Market Cap
$145.98 B
Employees
Years
  • 2024
  • 2025
  • 2026
Employees
  • 533.00
  • 685.00
  • 712.00
Y/Y
3.7%
28.52%
3.94%

Income Statement

Revenue
Years
  • 2023
  • 2024
  • 2025
Revenue
  • $6.48 B
  • $7.85 B
  • $10.67 B
Y/Y
12.16%
21.23%
35.82%
Revenue by Products / Services
Years
  • 2025
Revenue by Geography
Years
  • 2025
Research and Development
Years
  • 2023
  • 2024
  • 2025
Research and Development
  • -
  • -
  • -
Y/Y
0%
0%
0%
Operating Income
Years
  • 2023
  • 2024
  • 2025
Operating Income
  • $940.45 M
  • $1.15 B
  • $355.17 M
Y/Y
26.03%
21.82%
69%
Tax Rate (%)
Years
  • 2023
  • 2024
  • 2025
Tax Rate (%)
  • 1.75%
  • 0.28%
  • -0.75%
Y/Y
59.57%
84.15%
369.31%
Net Income
Years
  • 2023
  • 2024
  • 2025
Net Income
  • $340.09 M
  • $951.68 M
  • $936.85 M
Y/Y
140.84%
179.83%
1.56%
Revenue Per Employee
Years
  • 2024
  • 2025
  • 2026
Revenue Per Employee
  • $14.73 M
  • $15.57 M
  • -
Y/Y
16.91%
5.69%
100%
Net Income Per Employee
Years
  • 2024
  • 2025
  • 2026
Net Income Per Employee
  • $1.79 M
  • $1.37 M
  • -
Y/Y
169.85%
23.4%
100%

Assets & Liabilities | Cash Flow

Total Assets
Years
  • 2023
  • 2024
  • 2025
Total Assets
  • $44.01 B
  • $51.04 B
  • $67.30 B
Y/Y
16.15%
15.98%
31.85%
Total Liabilities
Years
  • 2023
  • 2024
  • 2025
Total Liabilities
  • $17.64 B
  • $18.47 B
  • $24.10 B
Y/Y
6.92%
4.71%
30.47%
Capital Expenditures (Capex)
Years
  • 2023
  • 2024
  • 2025
Capital Expenditures (Capex)
  • -$50.70 M
  • -$58.12 M
  • -$33.80 M
Y/Y
66.28%
14.63%
41.84%

Profitability

Operating Income Margin (%)
Years
  • 2023
  • 2024
  • 2025
Operating Income Margin (%)
  • 14.52%
  • 14.59%
  • 3.33%
Y/Y
12.37%
0.49%
77.18%
Net Income Margin (%)
Years
  • 2023
  • 2024
  • 2025
Net Income Margin (%)
  • 5.25%
  • 12.12%
  • 8.78%
Y/Y
114.73%
130.82%
27.52%
EBITDA
Years
  • 2023
  • 2024
  • 2025
EBITDA
  • $2.40 B
  • $2.78 B
  • $2.31 B
Y/Y
17.73%
15.71%
16.84%
Free Cash Flow (FCF)
Years
  • 2023
  • 2024
  • 2025
Free Cash Flow (FCF)
  • $1.55 B
  • $2.20 B
  • $2.85 B
Y/Y
19.48%
41.72%
29.55%

Ratios

Return on Equity (ROE)
Years
  • 2023
  • 2024
  • 2025
Return on Equity (ROE)
  • 1.34%
  • 2.98%
  • 2.22%
Y/Y
92.4%
122.46%
25.33%
Return on Assets (ROA)
Years
  • 2023
  • 2024
  • 2025
Return on Assets (ROA)
  • 0.77%
  • 1.86%
  • 1.39%
Y/Y
107.35%
141.28%
25.34%
Debt to Equity
Years
  • 2023
  • 2024
  • 2025
Debt to Equity
  • 63.45%
  • 52.44%
  • 50.75%
Y/Y
13.95%
17.35%
3.23%

Valuation

Enterprise Value
Years
  • 2023
  • 2024
  • 2025
Enterprise value
  • $60.62 B
  • $89.24 B
  • $139.90 B
Y/Y
35.83%
47.22%
56.76%
Enterprise value to Revenue
Years
  • 2023
  • 2024
  • 2025
Enterprise value to Revenue
  • 9.36
  • 11.36
  • 13.11
Y/Y
21.11%
21.44%
15.41%
Enterprise value to EBITDA
Years
  • 2023
  • 2024
  • 2025
Enterprise value to EBITDA
  • 25.25
  • 32.12
  • 60.55
Y/Y
15.37%
27.23%
88.5%