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Welltower WELL Free cash flow margin

Free cash flow margin at other companies

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Crown CastleCCI
64.7%+0.8pp
Invitation Homes logo
Invitation HomesINVH
43.2%+3.0pp
VICI Properties Inc. logo
VICI Properties Inc.VICI
63.1%+0.6pp
Starwood Property Trust logo
Starwood Property TrustSTWD
25.8%
Ladder Capital logo
Ladder CapitalLADR
95%

Other financials

Income statement

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Revenue$3.4B+38.3%
Gross profit$1.3B+34.9%
Net income$752.3M+192%
EPS (diluted)$1.02+155%

Balance sheet

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Cash & equivalents$4.7B+34.3%
Total debt$2.1B+59.5%
Total equity$43.8B+29.0%
Total assets$67.2B+26.1%

Cash flow

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Operating cash flow$670.0M+11.9%
CapEx$269.8M+12.3%
Free cash flow$400.2M+11.6%

Valuation

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Market cap$145.81B+38.9%
Enterprise value$143.15B+39.3%
P/E100.1×+4.5×
P/S12.4×+0.1×

Profitability

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Gross margin39.8%+0.6pp
Net margin12.4%-0.5pp

Returns & leverage

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Return on equity3.7%+0.2pp
Debt / equity0.0×

Where this comes from

Calculated from Welltower’s reported figures.

Based on trailing twelve months.

The official record: Welltower’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Welltower's free cash flow margin?
Welltower (WELL) reported free cash flow margin of 15.9% in Q1 2026.
How has Welltower's free cash flow margin changed year-over-year?
Welltower's free cash flow margin decreased by 8.2% year-over-year, from 17.3% to 15.9%.
What is the long-term trend for Welltower's free cash flow margin?
Over 4 years (2021 to 2025), Welltower's free cash flow margin has grown at a -6.4% compound annual growth rate (CAGR), from 89.6% to 68.7%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.