Welltower (WELL) Gross Margin (2018 - 2026)
Welltower (WELL) reported Gross Margin of 38.68% for Q1 2026, down 97.0% year-over-year from 1289.31% in Q1 2025, and down 1.34% quarter-over-quarter from 39.2% in Q4 2025.
Welltower (WELL) Gross Margin (2018 - 2026) Analysis & Trends
Welltower (WELL) has 9 years of Gross Margin data on file, last reported at 38.68% in Q1 2026.
- Gross Margin for Q1 2026 came in at 38.68%, down 97.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 32.98% (down 216.0% YoY), and the FY2025 annual result was 40.14%, up 58.0% from the prior year.
- Gross Margin declined to 38.68% in Q1 2026 per WELL's latest filing, from 39.2% in the prior quarter.
- Over five years, Gross Margin peaked at 870.8% in Q4 2023 and troughed at 19.36% in Q1 2024.
- A 5-year average of 120.49% and a median of 38.84% in 2022 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2024: Gross Margin soared 22437 bps in 2022, then plunged 83341 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 657.59% in 2022, then jumped by 32 bps to 870.8% in 2023, then sank by 96 bps to 37.39% in 2024, then climbed by 5 bps to 39.2% in 2025, then fell by 1 bps to 38.68% in 2026.
- Business Quant data shows WELL's Gross Margin at 38.68% in Q1 2026, 39.2% in Q4 2025, and 23.5% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 144.82 Bn | 141.05 Bn | 1.30 Bn | 38.68% |
| 2 | Ventas | 39.06 Bn | 38.93 Bn | 1.65 Bn | 99.41% |
| 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 | 16.01% |
| 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 | 83.06% |
| 10 | Ltc Properties | 1.75 Bn | 1.82 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 38.68% |
| Dec 31, 2025 | 39.20% |
| Sep 30, 2025 | 23.50% |
| Jun 30, 2025 | 23.15% |
| Mar 31, 2025 | 39.65% |
| Dec 31, 2024 | 37.39% |
| Sep 30, 2024 | 19.77% |
| Jun 30, 2024 | 39.10% |
| Mar 31, 2024 | 19.36% |
| Dec 31, 2023 | 870.80% |
| Sep 30, 2023 | 40.12% |
| Jun 30, 2023 | 42.44% |
| Mar 31, 2023 | 38.63% |
| Dec 31, 2022 | 657.59% |
| Sep 30, 2022 | 38.11% |
| Jun 30, 2022 | 42.00% |
| Mar 31, 2022 | 38.84% |
| Dec 31, 2021 | 433.23% |
| Sep 30, 2021 | 41.17% |
| Jun 30, 2021 | 43.68% |