Welltower (WELL) Gross Margin (2018 - 2026)
Welltower (WELL) recorded Gross Margin of 39.34% in Q2 2026, down 1.22 percentage points from 40.56% a year earlier but up 0.66 percentage points from the prior quarter.
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Analysis
Welltower (WELL) Gross Margin (2018 - 2026) Analysis & Trends
On a TTM basis, Welltower's Gross Margin came in at 39.54% as of Jun 30, 2026, down 0.11 percentage points year-over-year; for FY2025, it came in at 40.14%, up 0.58 percentage points from FY2024.
- Annual Gross Margin has a five-year change of -3.46 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 39.56% in FY2024 (-0.97 pp), 40.53% in FY2023 (+1.25 pp), 39.28% in FY2022 (-2.21 pp) and 41.49% in FY2021 (-2.11 pp).
- Quarterly Gross Margin has ranged from 37.39% in Q4 2024 to 42.44% in Q2 2023 over the past five years.
- On a year-over-year basis, Gross Margin rose in four of the last eight quarters, with an average year-over-year change of -0.32 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 2.61 percentage points in Q4 2023, against a drop of 4.66 percentage points in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 38.68% (Q1 2026), 39.20% (Q4 2025) and 41.28% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 166.01 Bn | 148.52 Bn | 1.39 Bn | 39.34% |
| 2 | Prologis | 121.16 Bn | 125.55 Bn | - | - |
| 3 | Simon Property | 65.49 Bn | 66.75 Bn | - | - |
| 4 | Realty Income | 51.38 Bn | 53.76 Bn | - | - |
| 5 | Public Storage | 49.67 Bn | 48.75 Bn | - | - |
| 6 | Ventas | 43.61 Bn | 42.81 Bn | - | - |
| 7 | Extra Space Storage | 27.79 Bn | 27.79 Bn | 642.43 Mn | 73.49% |
| 8 | Vici Properties | 25.29 Bn | 23.41 Bn | 1.05 Bn | 99.30% |
| 9 | Vivmark Residential | 22.78 Bn | 22.97 Bn | - | - |
| 10 | Invitation Homes | 15.55 Bn | 15.59 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 39.34% |
| Mar 31, 2026 | 38.68% |
| Dec 31, 2025 | 39.20% |
| Sep 30, 2025 | 41.28% |
| Jun 30, 2025 | 40.56% |
| Mar 31, 2025 | 39.65% |
| Dec 31, 2024 | 37.39% |
| Sep 30, 2024 | 41.01% |
| Jun 30, 2024 | 39.10% |
| Mar 31, 2024 | 41.02% |
| Dec 31, 2023 | 40.79% |
| Sep 30, 2023 | 40.12% |
| Jun 30, 2023 | 42.44% |
| Mar 31, 2023 | 38.63% |
| Dec 31, 2022 | 38.17% |
| Sep 30, 2022 | 38.11% |
| Jun 30, 2022 | 42.00% |
| Mar 31, 2022 | 38.84% |
| Dec 31, 2021 | 40.03% |
| Sep 30, 2021 | 41.17% |
API Access
Welltower Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=WELL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "WELL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=WELL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();