Welltower (WELL) Gross Margin (2018 - 2026)
Welltower (WELL) posted quarterly Gross Margin of 39.34% for Q2 2026, down 122.0% year-over-year from 178.82% in Q2 2025, and up 1.71% quarter-over-quarter from 38.68% in Q1 2026.
Welltower (WELL) Gross Margin (2018 - 2026) Analysis & Trends
Welltower (WELL) has reported Gross Margin for 9 consecutive years, with 39.34% the latest figure, recorded in Q2 2026.
- In Q2 2026, Gross Margin fell 122.0% year-over-year to 39.34%; the TTM figure through Jun 2026 stood at 39.54% (down 11.0% YoY), while the FY2025 annual figure was 40.14%, up 58.0% from the prior year.
- Gross Margin grew to 39.34% in Q2 2026 per WELL's latest filing, from 38.68% in the prior quarter.
- Across five years, Gross Margin topped out at 42.44% in Q2 2023 and bottomed at 37.39% in Q4 2024.
- Historically, Gross Margin has averaged 39.8% across 5 years, with a median of 39.49% in 2026.
- Annual changes were most pronounced in 2023 — Gross Margin soared 261 bps — and 2024, when it sank 340 bps.
- Welltower's Gross Margin stood at 38.17% in 2022, then climbed by 7 bps to 40.79% in 2023, then dropped by 8 bps to 37.39% in 2024, then grew by 5 bps to 39.2% in 2025, then advanced by 0 bps to 39.34% in 2026.
- Business Quant data shows WELL's Gross Margin at 39.34% in Q2 2026, 38.68% in Q1 2026, and 39.2% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 168.28 Bn | 166.31 Bn | 1.39 Bn | 39.34% |
| 2 | Ventas | 45.36 Bn | 45.17 Bn | 1.73 Bn | 99.74% |
| 3 | Healthpeak Properties | 14.65 Bn | 14.65 Bn | - | - |
| 4 | Omega Healthcare Investors | 13.98 Bn | 13.98 Bn | - | - |
| 5 | American Healthcare REIT | 10.76 Bn | 10.56 Bn | 149.41 Mn | 22.16% |
| 6 | CareTrust REIT | 9.30 Bn | 9.30 Bn | - | - |
| 7 | Healthcare Realty Trust | 6.66 Bn | 6.66 Bn | - | - |
| 8 | Sabra Health Care REIT | 5.18 Bn | 5.18 Bn | - | - |
| 9 | Diversified Healthcare Trust | 4.52 Bn | 4.40 Bn | 298.67 Mn | 81.74% |
| 10 | National Health Investors | 3.58 Bn | 3.58 Bn | - | - |
Historic Data
Download 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% |