FN2 Earnings Intelligence
Welltower Inc. balance sheet
Welltower Inc. (WELL) Balance Sheet (annual) derived from persisted SEC financial facts.
Key Stats
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Market Cap | - | - | - | - | - |
| - Cash | $269.3 | $631.7 | $1,993.6 | $3,506.6 | $5,033.7 |
| + Debt | - | - | - | - | - |
| Enterprise Value | - | - | - | - | - |
| Revenue | $4,742.1 | $5,860.6 | $6,638 | $7,991.1 | $10,838 |
| % Growth | 3.0% | 23.6% | 13.3% | 20.4% | 35.6% |
| Gross Profit | $1,967.6 | $2,301.8 | $2,690.2 | $3,160.9 | $4,350 |
| % Margin | 41.5% | 39.3% | 40.5% | 39.6% | 40.1% |
| EBITDA | - | - | - | - | - |
| % Margin | - | - | - | - | - |
| Net Income | $374.5 | $160.6 | $358.1 | $972.9 | $961.8 |
| % Margin | 7.9% | 2.7% | 5.4% | 12.2% | 8.9% |
| Diluted EPS | $0.78 | $0.30 | $0.66 | $1.57 | $1.39 |
| % Growth | -66.5% | -61.5% | 120.0% | 137.9% | -11.5% |
| Operating Cash Flow | $1,275.3 | $1,328.7 | $1,601.9 | $2,256.4 | $2,881.7 |
| CapEx | $282.6 | $476 | $517.7 | $857.5 | $1,050.3 |
| Free Cash Flow | $992.7 | $852.7 | $1,084.2 | $1,398.9 | $1,831.4 |
Historical market capitalization is not persisted, so Market Cap and Enterprise Value remain unavailable rather than mixing today's market value into prior periods.
Income Statement
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Revenue | $4,742.1 | $5,860.6 | $6,638 | $7,991.1 | $10,838 |
| Gross Profit | $1,967.6 | $2,301.8 | $2,690.2 | $3,160.9 | $4,350 |
| EBITDA | - | - | - | - | - |
| Net Income | $374.5 | $160.6 | $358.1 | $972.9 | $961.8 |
| Diluted EPS | $0.78 | $0.30 | $0.66 | $1.57 | $1.39 |
Balance Sheet
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $269.3 | $631.7 | $1,993.6 | $3,506.6 | $5,033.7 |
| Short-term Debt | - | - | - | - | - |
| Long-term Debt | $13,910.3 | $14,714.5 | $15,735.5 | $15,500.3 | $19,197.3 |
| Total Debt | - | - | - | - | - |
Cash Flow
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $1,275.3 | $1,328.7 | $1,601.9 | $2,256.4 | $2,881.7 |
| Capital Expenditure | $282.6 | $476 | $517.7 | $857.5 | $1,050.3 |
| Free Cash Flow | $992.7 | $852.7 | $1,084.2 | $1,398.9 | $1,831.4 |
Ratios
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Revenue Growth | 3.0% | 23.6% | 13.3% | 20.4% | 35.6% |
| Gross Margin | 41.5% | 39.3% | 40.5% | 39.6% | 40.1% |
| EBITDA Margin | - | - | - | - | - |
| Net Margin | 7.9% | 2.7% | 5.4% | 12.2% | 8.9% |
| FCF Margin | 20.9% | 14.5% | 16.3% | 17.5% | 16.9% |
| Diluted EPS Growth | -66.5% | -61.5% | 120.0% | 137.9% | -11.5% |