Welltower (WELL) Operating Income (2018 - 2026)
Welltower's (WELL) quarterly Operating Income came in at -$1.7 billion in Q1 2026, up 6.15% year-on-year from -$1.6 billion in Q1 2025, and down 18.44% on a QoQ basis from -$1.4 billion in Q4 2025.
Welltower (WELL) Operating Income (2018 - 2026) Analysis & Trends
Welltower (WELL) has 9 years of Operating Income data on file, last reported at -$1.7 billion in Q1 2026.
- On a quarterly basis, Operating Income rose 6.15% year-over-year to -$1.7 billion in Q1 2026; TTM through Mar 2026 was -$5.7 billion, a 7.19% increase from a year earlier, with the FY2025 full-year figure at -$7.0 billion, down 11.14% from the prior year.
- Operating Income for Q1 2026 stood at -$1.7 billion, down from -$1.4 billion in the prior quarter.
- Over the last five years, Operating Income for WELL reached as high as -$744.8 million in Q2 2022 and fell as low as -$1.8 billion in Q1 2025.
- Historically, Operating Income has averaged -$1.2 billion across 5 years, with a median of -$1.2 billion in 2025.
- Across the five-year window, Operating Income soared 58.78% in 2022 and sank 80.11% in 2024, its largest moves.
- Year by year, Operating Income stood at -$932.1 million in 2022, then plunged by 54.02% to -$1.4 billion in 2023, then retreated by 24.62% to -$1.8 billion in 2024, then grew by 19.29% to -$1.4 billion in 2025, then fell by 18.44% to -$1.7 billion in 2026.
- Per Business Quant data, the three most recent Operating Income figures were -$1.7 billion in Q1 2026, -$1.4 billion in Q4 2025, and -$1.3 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 172.91 Bn | 168.34 Bn | 1.30 Bn | -1.71 Bn |
| 2 | Ventas | 46.62 Bn | 46.50 Bn | 1.65 Bn | 25.71 Mn |
| 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 | -514.31 Mn |
| 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 | -75.92 Mn |
| 10 | National Health Investors | 3.86 Bn | 3.87 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.71 Bn |
| Dec 31, 2025 | -1.44 Bn |
| Sep 30, 2025 | -1.28 Bn |
| Jun 30, 2025 | -1.22 Bn |
| Mar 31, 2025 | -1.82 Bn |
| Dec 31, 2024 | -1.79 Bn |
| Sep 30, 2024 | -1.03 Bn |
| Jun 30, 2024 | -1.45 Bn |
| Mar 31, 2024 | -1.46 Bn |
| Dec 31, 2023 | -1.44 Bn |
| Sep 30, 2023 | -923.04 Mn |
| Jun 30, 2023 | -806.33 Mn |
| Mar 31, 2023 | -919.75 Mn |
| Dec 31, 2022 | -932.06 Mn |
| Sep 30, 2022 | -905.94 Mn |
| Jun 30, 2022 | -744.76 Mn |
| Mar 31, 2022 | -802.96 Mn |
| Dec 31, 2021 | -2.26 Bn |
| Sep 30, 2021 | -638.25 Mn |
| Jun 30, 2021 | -635.81 Mn |