Welltower (WELL) Operating Margin (2018 - 2026)
Welltower (WELL) posted quarterly Operating Margin of 51.62% for Q2 2026, down 388.0% year-over-year from 17.92% in Q2 2025, and down 1.17% quarter-over-quarter from 51.02% in Q1 2026.
Welltower (WELL) Operating Margin (2018 - 2026) Analysis & Trends
Welltower (WELL) has reported Operating Margin for 9 consecutive years, with 51.62% the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Margin fell 388.0% year-over-year to 51.62%; the TTM figure through Jun 2026 stood at 62.9% (down 1106.0% YoY), while the FY2025 annual figure was 64.29%, down 1041.0% from the prior year.
- Operating Margin fell to 51.62% in Q2 2026 per WELL's latest filing, from 51.02% in the prior quarter.
- Across five years, Operating Margin topped out at 47.74% in Q2 2025 and bottomed at 100.72% in Q4 2025.
- Historically, Operating Margin has averaged 56.35% across 5 years, with a median of 53.18% in 2023.
- On a YoY basis, Operating Margin climbed as much as 820 bps in 2025 and fell as far as 4296 bps in 2025.
- Welltower's Operating Margin stood at 61.38% in 2022, then grew by 12 bps to 54.21% in 2023, then dropped by 7 bps to 57.76% in 2024, then slumped by 74 bps to 100.72% in 2025, then soared by 49 bps to 51.62% in 2026.
- Business Quant data shows WELL's Operating Margin at 51.62% in Q2 2026, 51.02% in Q1 2026, and 100.72% in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 168.28 Bn | 166.31 Bn | 1.39 Bn | -51.62% |
| 2 | Ventas | 45.36 Bn | 45.17 Bn | 1.73 Bn | 2.88% |
| 3 | Healthpeak Properties | 14.65 Bn | 14.65 Bn | - | - |
| 4 | Omega Healthcare Investors | 13.98 Bn | 13.98 Bn | - | 100.81% |
| 5 | American Healthcare REIT | 10.76 Bn | 10.56 Bn | 149.41 Mn | -71.55% |
| 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 | -18.40% |
| 10 | National Health Investors | 3.58 Bn | 3.58 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -51.62% |
| Mar 31, 2026 | -51.02% |
| Dec 31, 2025 | -100.72% |
| Sep 30, 2025 | -47.81% |
| Jun 30, 2025 | -47.74% |
| Mar 31, 2025 | -52.15% |
| Dec 31, 2024 | -57.76% |
| Sep 30, 2024 | -50.05% |
| Jun 30, 2024 | -55.94% |
| Mar 31, 2024 | -51.41% |
| Dec 31, 2023 | -54.21% |
| Sep 30, 2023 | -55.54% |
| Jun 30, 2023 | -48.41% |
| Mar 31, 2023 | -58.93% |
| Dec 31, 2022 | -61.38% |
| Sep 30, 2022 | -61.47% |
| Jun 30, 2022 | -50.58% |
| Mar 31, 2022 | -57.53% |
| Dec 31, 2021 | -54.72% |
| Sep 30, 2021 | -51.48% |