WELLTOWER INC.
WELL· NYSE· Real Estate Investment Trusts
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- –
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +12.9%
We record prices for the companies we cover; WELL is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 679.5M
- Revenue
- $8.5B
- Free cash flow
- –
- Owner earnings
- –
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- –
- Net
- –
- Free cash flow
- –
- Owner earnings
- –
- Stock pay
- 18.4%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- –
- ROE, 5 yr avg
- –
Growth (CAGR)
- Revenue, 3 yr
- 26.5%
- Revenue, 5 yr
- 12.9%
- Revenue, 9 yr
- 7.9%
- Diluted EPS, 3 yr
- 66.7%
- Diluted EPS, 5 yr
- -9.8%
- Diluted EPS, 9 yr
- -7.5%
- Free cash flow, 3 yr
- –
- Free cash flow, 5 yr
- –
- Free cash flow, 9 yr
- –
Financial health · FY2025
- Cash and investments
- $5.0B
- Total debt
- $19.2B
- Net debt
- $14.2B
- Debt/Equity
- 0.5x
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 10.2%
Financials: ten years from the 10-Ks
Revenue
$8.5B
+7.9% a year over 9 years
FY2016FY2025
Diluted shares
679.5M
+88.6% over 9 years, net dilution
FY2016FY2025
Net debt (below zero)
-$14.2B
$14.2B more debt than cash
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $4.3B | $4.3B | $4.7B | $5.1B | $4.6B | $3.2B | $4.2B | $4.8B | $6.0B | $8.5B |
| Revenue growth | 10.9% | 0.8% | 8.9% | 9.0% | -10.1% | -30.6% | 30.5% | 13.9% | 26.8% | 40.2% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | – | – | – | – | – | – | – | – | – | – |
| Net income | – | – | – | – | – | – | – | – | – | – |
| Net margin | – | – | – | – | – | – | – | – | – | – |
| Diluted EPS | $2.81 | $1.26 | $2.02 | $3.05 | $2.33 | $0.78 | $0.30 | $0.66 | $1.57 | $1.39 |
| Return on invested capital? | – | – | – | – | – | – | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | $1.6B | $1.4B | $1.6B | $1.5B | $1.4B | $1.3B | $1.3B | $1.6B | $2.3B | $2.9B |
| Capital expenditure | – | – | – | – | – | – | – | – | – | – |
| Free cash flow | – | – | – | – | – | – | – | – | – | – |
| Stock-based compensation | $28.9M | $19.1M | $27.6M | $25.0M | $28.3M | $17.8M | $26.1M | $37.2M | $75.8M | $1.6B |
| Owner earnings? | – | – | – | – | – | – | – | – | – | – |
| Free cash flow per share | – | – | – | – | – | – | – | – | – | – |
| Capital allocation | ||||||||||
| Dividends paid | $1.2B | $1.3B | $1.3B | $1.4B | $1.1B | $1.0B | $1.1B | $1.3B | $1.5B | $1.9B |
| Share repurchases | – | – | $0 | $0 | $7.7M | $0 | $0 | – | – | – |
| Diluted shares | 360.2M | 369.0M | 375.3M | 403.8M | 417.4M | 426.8M | 465.2M | 518.7M | 608.8M | 679.5M |
| Share count change? | 3.1% | 2.4% | 1.7% | 7.6% | 3.4% | 2.3% | 9.0% | 11.5% | 17.4% | 11.6% |
| Balance sheet | ||||||||||
| Cash and equivalents | $419.4M | $243.8M | $215.4M | $284.9M | $1.5B | $269.3M | $631.7M | $2.0B | $3.5B | $5.0B |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | $11.7B | $11.0B | $12.2B | $13.4B | $2.4B | $13.9B | $14.7B | $15.7B | $15.5B | $19.2B |
| Net debt | $11.3B | $10.8B | $12.0B | $13.1B | $833.0M | $13.6B | $14.1B | $13.7B | $12.0B | $14.2B |
| Shareholders' equity | $14.8B | $14.4B | $14.6B | $15.5B | $16.0B | $17.6B | $20.3B | $25.4B | $32.0B | $42.1B |
Latest filings
| 2026-10-27 | 10-Q | Quarterly report |
| 2026-10-26 | 8-K | Earnings release |
| 2026-07-28 | 10-Q | Quarterly report |
| 2026-07-27 | 8-K | Earnings release |
| 2026-04-29 | 10-Q | Quarterly report |
| 2026-04-28 | 8-K | Earnings release |
| 2026-04-10 | DEF 14A | Proxy statement |
| 2026-02-12 | 10-K | Annual report |
| 2026-02-10 | 8-K | Earnings release |
| 2025-10-28 | 10-Q | Quarterly report |
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