Welltower Income Statement
WELL / Real Estate|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
Welltower reported $10.8B in revenue and $962M in net income for FY2025. Revenue has grown at a 16.3% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 1.00 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.8B | $8.0B | $6.6B | $5.9B | $4.7B | $4.6B | $5.1B | $4.7B | $4.3B | $4.3B | $3.9B | $3.3B | $2.9B | $1.8B | $1.3B |
| Cost of Revenue | $6.5B | $4.8B | $3.9B | $3.6B | $2.8B | $2.6B | $2.7B | $2.4B | $2.1B | - | - | - | - | - | - |
| SG&A Expense | $1.7B | $235.5M | $179.1M | $150.4M | $126.7M | $128.4M | $126.5M | $126.4M | $122.0M | $155.2M | $147.4M | $142.9M | $108.3M | $97.3M | $77.2M |
| Interest Expense | - | - | $607.8M | $529.5M | $489.9M | $514.4M | $555.6M | $526.6M | $484.6M | $521.3M | $492.2M | $481.0M | $458.4M | $361.6M | $291.0M |
| Income Tax | -$7.1M | $2.7M | $6.4M | $7.2M | $8.7M | $10.0M | $3.0M | $8.7M | $20.1M | -$19.1M | $6.5M | -$1.3M | $7.5M | -$7.6M | -$1.4M |
| Net Income | $961.8M | $972.9M | $358.1M | $160.6M | $374.5M | $1.0B | $1.3B | $829.8M | $540.6M | $1.1B | $888.5M | $512.3M | $138.3M | $294.8M | $217.6M |
| EPS (Basic) | $0.66 | $0.31 | $0.79 | $2.36 | $3.07 | $2.03 | $1.26 | $2.83 | $2.35 | $1.46 | $0.28 | $1.46 | $0.90 | $0.84 | $1.50 |
| EPS (Diluted) | $0.66 | $0.30 | $0.78 | $2.33 | $3.05 | $2.02 | $1.26 | $2.81 | $2.34 | $1.45 | $0.28 | $1.45 | $0.90 | $0.83 | $1.49 |
| Shares Outstanding | 635.3M | 564.2M | 490.5M | 447.2M | 417.4M | 410.3M | 383.7M | 371.7M | 362.6M | 354.8M | 328.8M | 307.7M | 260.4M | 192.3M | 147.1M |
| Profit Margin | 8.9% | 12.2% | 5.4% | 2.7% | 7.9% | 22.6% | 26.0% | 17.6% | 12.5% | 25.3% | 23.0% | 15.3% | 4.8% | 16.3% | 16.6% |