Welltower (WELL) Cost of Revenue (2018 - 2026)
Welltower (WELL) reported Cost of Revenue of $2.1 billion for Q1 2026, up 40.55% year-over-year from $1.5 billion in Q1 2025, and up 6.28% quarter-over-quarter from $1.9 billion in Q4 2025.
Welltower (WELL) Cost of Revenue (2018 - 2026) Analysis & Trends
Welltower (WELL) has 9 years of Cost of Revenue data on file, last reported at $2.1 billion in Q1 2026.
- Cost of Revenue for Q1 2026 came in at $2.1 billion, up 40.55% year-over-year; the trailing twelve-month figure through Mar 2026 was $7.1 billion (up 36.29% YoY), and the FY2025 annual result was $6.5 billion, up 34.32% from the prior year.
- Cost of Revenue climbed to $2.1 billion in Q1 2026 per WELL's latest filing, from $1.9 billion in the prior quarter.
- Over five years, Cost of Revenue peaked at $2.1 billion in Q1 2026 and troughed at $853.7 million in Q1 2022.
- A 5-year average of $1.2 billion and a median of $1.1 billion in 2024 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2023 and 2026: Cost of Revenue gained 9.11% in 2023, then surged 40.55% in 2026.
- A 5-year view of Cost of Revenue shows it stood at $938.8 million in 2022, then climbed by 10.36% to $1.0 billion in 2023, then surged by 36.02% to $1.4 billion in 2024, then jumped by 37.23% to $1.9 billion in 2025, then increased by 6.28% to $2.1 billion in 2026.
- Business Quant data shows WELL's Cost of Revenue at $2.1 billion in Q1 2026, $1.9 billion in Q4 2025, and $1.6 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 144.82 Bn | 141.05 Bn | 1.30 Bn | 2.06 Bn |
| 2 | Ventas | 39.06 Bn | 38.93 Bn | 1.65 Bn | 9.70 Mn |
| 3 | Healthpeak Properties | 13.76 Bn | 14.32 Bn | - | - |
| 4 | Omega Healthcare Investors | 12.86 Bn | 13.12 Bn | - | - |
| 5 | American Healthcare REIT | 8.89 Bn | 8.81 Bn | 97.60 Mn | 512.17 Mn |
| 6 | CareTrust REIT | 8.47 Bn | 8.48 Bn | - | - |
| 7 | Healthcare Realty Trust | 6.83 Bn | 6.83 Bn | - | - |
| 8 | National Health Investors | 3.40 Bn | 3.41 Bn | - | - |
| 9 | Diversified Healthcare Trust | 2.05 Bn | 1.93 Bn | 304.41 Mn | 62.07 Mn |
| 10 | Ltc Properties | 1.75 Bn | 1.82 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.06 Bn |
| Mar 31, 2026 | 2.06 Bn |
| Dec 31, 2025 | 1.93 Bn |
| Dec 31, 2025 | 1.93 Bn |
| Sep 30, 2025 | 1.58 Bn |
| Sep 30, 2025 | 1.58 Bn |
| Jun 30, 2025 | 1.51 Bn |
| Jun 30, 2025 | 1.51 Bn |
| Mar 31, 2025 | 1.46 Bn |
| Mar 31, 2025 | 1.46 Bn |
| Dec 31, 2024 | 1.41 Bn |
| Dec 31, 2024 | 1.41 Bn |
| Sep 30, 2024 | 1.21 Bn |
| Sep 30, 2024 | 1.21 Bn |
| Jun 30, 2024 | 1.11 Bn |
| Jun 30, 2024 | 1.11 Bn |
| Mar 31, 2024 | 1.10 Bn |
| Mar 31, 2024 | 1.10 Bn |
| Dec 31, 2023 | 1.04 Bn |
| Dec 31, 2023 | 1.04 Bn |