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Income Statement
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Balance Sheet
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Cashflow Statement
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Profitability
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Ratios
Welltower's Income Statement
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Revenue |
|
$4.71 B | $5.78 B | $6.48 B | $7.85 B | $10.67 B |
| Cost of Revenue |
|
$2.77 B | $3.56 B | $3.95 B | $4.83 B | $6.49 B |
| Gross Profit |
|
$1.93 B | $2.22 B | $2.53 B | $3.02 B | $4.18 B |
| Research & Development |
|
- | - | - | - | - |
| Selling,General & Administrative |
|
$126.73 M | $150.39 M | $179.09 M | $235.49 M | $1.75 B |
| Operating Expense |
|
$1.17 B | $1.47 B | $1.59 B | $1.88 B | $3.82 B |
| Operating Income |
|
$763.36 M | $746.22 M | $940.45 M | $1.15 B | $355.17 M |
| Net Income |
|
$336.14 M | $141.21 M | $340.09 M | $951.68 M | $936.85 M |
Welltower's Balance Sheet
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents |
|
$269.27 M | $631.68 M | $1.99 B | $3.51 B | $5.03 B |
| Inventories |
|
- | - | - | - | - |
| Total Current Assets |
|
$2.58 B | $3.08 B | $4.96 B | $7.23 B | $9.91 B |
| Property,Plant and Equipment |
|
$522.80 M | $323.94 M | $350.97 M | $1.20 B | $2.16 B |
| Goodwill |
|
$68.32 M | $68.32 M | $68.32 M | $149.23 M | - |
| Total Assets |
|
$34.91 B | $37.89 B | $44.01 B | $51.04 B | $67.30 B |
| Total Liabilities |
|
$15.91 B | $16.50 B | $17.64 B | $18.47 B | $24.10 B |
| Retained Earnings |
|
-$5.72 B | -$6.71 B | -$7.63 B | -$8.22 B | -$9.16 B |
| Total Shareholder Equity |
|
$17.64 B | $20.29 B | $25.40 B | $31.96 B | $42.13 B |
| Common Stock |
|
$448.61 M | $491.92 M | $565.89 M | $637.00 M | $696.62 M |
Welltower's Cash flow
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Depreciation & Amortization |
|
$1.05 B | $1.34 B | $1.40 B | $1.68 B | $2.14 B |
| Dividends Payout |
|
-$1.04 B | -$1.13 B | -$1.26 B | -$1.55 B | -$1.88 B |
| Capital Expenditures (Capex) |
|
-$19.35 M | -$30.49 M | -$50.70 M | -$58.12 M | -$33.80 M |
| Free Cash Flow (FCF) |
|
$1.26 B | $1.30 B | $1.55 B | $2.20 B | $2.85 B |
Welltower's Profitability
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Gross Profit |
|
$1.93 B | $2.22 B | $2.53 B | $3.02 B | $4.18 B |
| Gross Profit Margin (%) |
|
41.09% | 38.39% | 39.06% | 38.50% | 39.18% |
| Operating Income |
|
$763.36 M | $746.22 M | $940.45 M | $1.15 B | $355.17 M |
| Operating Income Margin (%) |
|
16.21% | 12.92% | 14.52% | 14.59% | 3.33% |
| Net Income |
|
$336.14 M | $141.21 M | $340.09 M | $951.68 M | $936.85 M |
| Net Income Margin (%) |
|
7.14% | 2.44% | 5.25% | 12.12% | 8.78% |
| EBITDA |
|
$1.71 B | $2.04 B | $2.40 B | $2.78 B | $2.31 B |
| EBITDA Margin (%) |
|
36.39% | 35.31% | 37.06% | 35.38% | 21.66% |
Welltower's Ratios
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) |
|
1.91% | 0.70% | 1.34% | 2.98% | 2.22% |
| Return on Assets (ROA) |
|
0.96% | 0.37% | 0.77% | 1.86% | 1.39% |
| Debt to Equity |
|
83.22% | 73.73% | 63.45% | 52.44% | 50.75% |
| Debt to total asset |
|
42.04% | 39.49% | 36.62% | 32.83% | 31.77% |
| Enterprise value to revenue |
|
10.80 | 7.73 | 9.36 | 11.36 | 13.11 |
| Enterprise value to EBITDA |
|
29.68 | 21.88 | 25.25 | 32.12 | 60.55 |
| Enterprise value |
|
$50.86 B | $44.63 B | $60.62 B | $89.24 B | $139.90 B |
| Tax Rate (%) |
|
2.27% | 4.32% | 1.75% | 0.28% | -0.75% |
Frequently Asked Questions
