Welltower (WELL) Gross Margin (2018 - 2026)
Welltower's (WELL) quarterly Gross Margin came in at 38.68% in Q1 2026, up 1711.0% year-on-year from 2.14% in Q1 2025, and down 36.45% on a QoQ basis from 60.86% 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.
- On a quarterly basis, Gross Margin rose 1711.0% year-over-year to 38.68% in Q1 2026; TTM through Mar 2026 was 47.65%, a 2108.0% increase from a year earlier, with the FY2025 full-year figure at 40.14%, up 2028.0% from the prior year.
- Gross Margin for Q1 2026 stood at 38.68%, down from 60.86% in the prior quarter.
- Over the last five years, Gross Margin for WELL reached as high as 60.86% in Q4 2025 and fell as low as 17.96% in Q4 2023.
- Historically, Gross Margin has averaged 35.28% across 5 years, with a median of 38.68% in 2026.
- Across the five-year window, Gross Margin slumped 39505 bps in 2022 and jumped 4085 bps in 2025, its largest moves.
- Year by year, Gross Margin stood at 38.17% in 2022, then slumped by 53 bps to 17.96% in 2023, then grew by 11 bps to 20.01% in 2024, then jumped by 204 bps to 60.86% in 2025, then sank by 36 bps to 38.68% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 38.68% in Q1 2026, 60.86% in Q4 2025, and 41.28% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 172.91 Bn | 168.34 Bn | 1.30 Bn | 38.68% |
| 2 | Ventas | 46.62 Bn | 46.50 Bn | 1.65 Bn | 99.41% |
| 3 | Healthpeak Properties | 15.34 Bn | 16.55 Bn | - | - |
| 4 | Omega Healthcare Investors | 15.14 Bn | 15.41 Bn | - | - |
| 5 | American Healthcare REIT | 10.71 Bn | 10.59 Bn | 97.60 Mn | 16.01% |
| 6 | CareTrust REIT | 9.45 Bn | 9.46 Bn | - | - |
| 7 | Healthcare Realty Trust | 7.33 Bn | 7.33 Bn | - | - |
| 8 | Sabra Health Care REIT | 5.09 Bn | 5.09 Bn | - | - |
| 9 | Diversified Healthcare Trust | 4.51 Bn | 4.39 Bn | 295.29 Mn | 80.58% |
| 10 | National Health Investors | 3.86 Bn | 3.87 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 38.68% |
| Dec 31, 2025 | 60.86% |
| Sep 30, 2025 | 41.28% |
| Jun 30, 2025 | 40.56% |
| Mar 31, 2025 | 21.57% |
| Dec 31, 2024 | 20.01% |
| Sep 30, 2024 | 41.01% |
| Jun 30, 2024 | 20.25% |
| Mar 31, 2024 | 19.36% |
| Dec 31, 2023 | 17.96% |
| 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 | 433.23% |
| Sep 30, 2021 | 41.17% |
| Jun 30, 2021 | 43.68% |