WELLTOWER INC. (WELL) closed fiscal year 2025 with a gross margin of 40.1 % and a net margin of 8.6 %.
WELLTOWER INC. (WELL) closed fiscal year 2025 with a gross margin of 40.1 % and a net margin of 8.6 %. The same year shows an EBITDA margin of 21.3 % and an EBIT margin of 1.6 %. The free cash flow margin was 26.3 %. Against the previous year the gross margin moved +0.6 pp and the net margin −3.3 pp. Across the period the gross margin ranges between 39.3 % in 2022 and 51.7 % in 2017. The series covers 18 fiscal years, from 2008 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | — | — | — | — | — | — | — | — | — | 51.72 % | 48.24 % | 47.47 % | 43.60 % | 41.49 % | 39.28 % | 40.53 % | 39.56 % | 40.14 % |
| EBITDA margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 34.80 % | 36.17 % | 34.77 % | 21.32 % |
| EBIT margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 11.99 % | 14.43 % | 13.75 % | 1.59 % |
| Net margin (%) | 56.15 % | 36.93 % | 22.21 % | 16.57 % | 16.47 % | 5.04 % | 15.32 % | 22.90 % | 25.18 % | 12.11 % | 17.12 % | 24.06 % | 21.25 % | 7.09 % | 2.41 % | 5.12 % | 11.91 % | 8.64 % |
| FCF margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 22.15 % | 23.37 % | 27.51 % | 26.28 % |
