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Welltower Inc.Stock · Real Estate
$236.06+$5.87 (+2.55%)as of market close, Jul 2, 2026
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How Welltower makes money

Fiscal year

How does Welltower make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year. Straight from SEC filings.

Welltower Inc. · FY2025 · year ended 2025-12-31
Revenue$8.5BGross profit$2.0B · 23%Cost of revenue$6.5B · 77%Operating income$216M · 3%Operating expenses$1.7B · 21%SG&A$1.7B · 21%Pre-tax income$937M · 11%Other income$720M · 9%Net income$937M · 11%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.