Welltower (WELL) Net Margin (2009 - 2026)
Welltower (WELL) posted quarterly Net Margin of 12.55% for Q2 2026, up 71.0% year-over-year from 7.34% in Q2 2025, and down 42.25% quarter-over-quarter from 21.74% in Q1 2026.
Welltower (WELL) Net Margin (2009 - 2026) Analysis & Trends
Welltower (WELL) has reported Net Margin for 18 consecutive years, with 12.55% the latest figure, recorded in Q2 2026.
- In Q2 2026, Net Margin rose 71.0% year-over-year to 12.55%; the TTM figure through Jun 2026 stood at 12.15% (down 3.0% YoY), while the FY2025 annual figure was 8.64%, down 327.0% from the prior year.
- Net Margin eased to 12.55% in Q2 2026 per WELL's latest filing, from 21.74% in the prior quarter.
- Across five years, Net Margin topped out at 21.88% in Q3 2024 and bottomed at 0.46% in Q3 2022.
- Historically, Net Margin has averaged 8.24% across 5 years, with a median of 6.51% in 2023.
- Annual changes were most pronounced in 2022 — Net Margin sank 1495 bps — and 2024, when it jumped 1421 bps.
- Welltower's Net Margin stood at 0.25% in 2022, then jumped by 2053 bps to 4.8% in 2023, then climbed by 11 bps to 5.33% in 2024, then plunged by 43 bps to 3.03% in 2025, then surged by 314 bps to 12.55% in 2026.
- Business Quant data shows WELL's Net Margin at 12.55% in Q2 2026, 21.74% in Q1 2026, and 3.03% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 168.28 Bn | 166.31 Bn | 1.39 Bn | 12.55% |
| 2 | Ventas | 45.36 Bn | 45.17 Bn | 1.73 Bn | 4.08% |
| 3 | Healthpeak Properties | 14.65 Bn | 14.65 Bn | - | 6.83% |
| 4 | Omega Healthcare Investors | 13.98 Bn | 13.98 Bn | - | 114.29% |
| 5 | American Healthcare REIT | 10.76 Bn | 10.56 Bn | 149.41 Mn | 4.59% |
| 6 | CareTrust REIT | 9.30 Bn | 9.30 Bn | - | 54.69% |
| 7 | Healthcare Realty Trust | 6.66 Bn | 6.66 Bn | - | - |
| 8 | Sabra Health Care REIT | 5.18 Bn | 5.18 Bn | - | -11.65% |
| 9 | Diversified Healthcare Trust | 4.52 Bn | 4.40 Bn | 298.67 Mn | -28.83% |
| 10 | National Health Investors | 3.58 Bn | 3.58 Bn | - | 45.81% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 12.55% |
| Mar 31, 2026 | 21.74% |
| Dec 31, 2025 | 3.03% |
| Sep 30, 2025 | 10.45% |
| Jun 30, 2025 | 11.85% |
| Mar 31, 2025 | 10.65% |
| Dec 31, 2024 | 5.33% |
| Sep 30, 2024 | 21.88% |
| Jun 30, 2024 | 13.96% |
| Mar 31, 2024 | 6.84% |
| Dec 31, 2023 | 4.80% |
| Sep 30, 2023 | 7.67% |
| Jun 30, 2023 | 6.19% |
| Mar 31, 2023 | 1.64% |
| Dec 31, 2022 | -0.25% |
| Sep 30, 2022 | -0.46% |
| Jun 30, 2022 | 6.10% |
| Mar 31, 2022 | 4.44% |
| Dec 31, 2021 | 4.48% |
| Sep 30, 2021 | 14.49% |