Welltower (WELL) Free Cash Flow (2009 - 2026)
Welltower (WELL) posted quarterly Free Cash Flow of $684.3 million for Q2 2026, up 27.4% year-over-year from $537.2 million in Q2 2025, and up 71.01% quarter-over-quarter from $400.2 million in Q1 2026.
Welltower (WELL) Free Cash Flow (2009 - 2026) Analysis & Trends
Welltower (WELL) has reported Free Cash Flow for 18 consecutive years, with $684.3 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Free Cash Flow rose 27.4% year-over-year to $684.3 million; the TTM figure through Jun 2026 stood at $2.0 billion (up 16.0% YoY), while the FY2025 annual figure was $1.8 billion, up 30.92% from the prior year.
- Free Cash Flow grew to $684.3 million in Q2 2026 per WELL's latest filing, from $400.2 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $1.9 billion in Q4 2022 and bottomed at -$475.5 million in Q2 2022.
- Historically, Free Cash Flow has averaged $311.0 million across 5 years, with a median of $337.3 million in 2024.
- Annual changes were most pronounced in 2022 — Free Cash Flow plunged 375.37% — and 2024, when it jumped 287.32%.
- Welltower's Free Cash Flow stood at $1.9 billion in 2022, then slumped by 95.49% to $86.3 million in 2023, then surged by 287.32% to $334.2 million in 2024, then advanced by 1.85% to $340.4 million in 2025, then surged by 101.07% to $684.3 million in 2026.
- Business Quant data shows WELL's Free Cash Flow at $684.3 million in Q2 2026, $400.2 million in Q1 2026, and $340.4 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 170.16 Bn | 168.19 Bn | 1.39 Bn | 684.33 Mn |
| 2 | Ventas | 45.72 Bn | 45.52 Bn | 1.73 Bn | -920.75 Mn |
| 3 | Healthpeak Properties | 14.71 Bn | 14.71 Bn | - | 204.07 Mn |
| 4 | Omega Healthcare Investors | 13.94 Bn | 13.94 Bn | - | 116.61 Mn |
| 5 | American Healthcare REIT | 10.81 Bn | 10.62 Bn | 149.41 Mn | 73.10 Mn |
| 6 | CareTrust REIT | 9.28 Bn | 9.28 Bn | - | -260.65 Mn |
| 7 | Healthcare Realty Trust | 6.64 Bn | 6.64 Bn | - | 72.39 Mn |
| 8 | Sabra Health Care REIT | 5.14 Bn | 5.14 Bn | - | -110.61 Mn |
| 9 | Diversified Healthcare Trust | 4.55 Bn | 4.43 Bn | 298.67 Mn | 14.20 Mn |
| 10 | National Health Investors | 3.56 Bn | 3.56 Bn | - | -59.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 684.33 Mn |
| Jun 30, 2026 | 684.33 Mn |
| Mar 31, 2026 | 400.18 Mn |
| Mar 31, 2026 | 400.18 Mn |
| Dec 31, 2025 | 340.35 Mn |
| Dec 31, 2025 | 340.35 Mn |
| Sep 30, 2025 | 595.30 Mn |
| Sep 30, 2025 | 595.30 Mn |
| Jun 30, 2025 | 537.16 Mn |
| Jun 30, 2025 | 537.16 Mn |
| Mar 31, 2025 | 358.61 Mn |
| Mar 31, 2025 | 358.61 Mn |
| Dec 31, 2024 | 334.18 Mn |
| Dec 31, 2024 | 334.18 Mn |
| Sep 30, 2024 | 511.60 Mn |
| Sep 30, 2024 | 511.60 Mn |
| Jun 30, 2024 | 378.06 Mn |
| Jun 30, 2024 | 378.06 Mn |
| Mar 31, 2024 | 175.04 Mn |
| Mar 31, 2024 | 175.04 Mn |