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
DateValue
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