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Digital Realty Trust vs Welltower: revenue, profit, margins and growth compared

Digital Realty Trust brought in $6.1B of revenue in fiscal 2025, Welltower $10.8B in fiscal 2025. Revenue changed by +10.0% at Digital Realty Trust and +35.6% at Welltower on the year before, so Welltower grew faster. Digital Realty Trust kept 21.4% of its revenue as net profit, Welltower 8.6%.

Side by side, latest fiscal year

DLRWELL
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$6.1B$10.8B
Revenue growth+10.0%+35.6%
Net income$1.3B$936.8M
Net margin21.4%8.6%
Free cash flown/a$1.8B
Free cash flow marginn/a16.9%
Earnings per share (diluted)$3.58$1.39
Cash$3.5B$5B
Debtn/a$19.2B
Price to earnings49.9166.4
Market value$66.1B$166.8B
Dividend yieldn/a1.22%
Rank by revenue in sector#8 of 162 · Real estate#1 of 162 · Real estate

Over the years

Revenue
DLR FY2018: $3BDLR FY2019: $3.2BDLR FY2020: $3.9BDLR FY2021: $4.4BDLR FY2022: $4.7BDLR FY2023: $5.5BDLR FY2024: $5.6BDLR FY2025: $6.1BWELL FY2018: $4.7BWELL FY2019: $5.1BWELL FY2020: $4.6BWELL FY2021: $4.7BWELL FY2022: $5.9BWELL FY2023: $6.6BWELL FY2024: $8BWELL FY2025: $10.8BFY18FY19FY20FY21FY22FY23FY24FY25
DLR $6.1BWELL $10.8B
Net income
DLR FY2018: $331.2MDLR FY2019: $579.8MDLR FY2020: $356.4MDLR FY2021: $1.7BDLR FY2022: $377.7MDLR FY2023: $948.8MDLR FY2024: $602.5MDLR FY2025: $1.3BWELL FY2018: $758.3MWELL FY2019: $1.2BWELL FY2020: $978.8MWELL FY2021: $336.1MWELL FY2022: $141.2MWELL FY2023: $340.1MWELL FY2024: $951.7MWELL FY2025: $936.8MFY18FY19FY20FY21FY22FY23FY24FY25
DLR $1.3BWELL $936.8M
Net margin
DLR FY2018: 10.9%DLR FY2019: 18.1%DLR FY2020: 9.1%DLR FY2021: 38.6%DLR FY2022: 8.0%DLR FY2023: 17.3%DLR FY2024: 10.8%DLR FY2025: 21.4%WELL FY2018: 16.1%WELL FY2019: 24.1%WELL FY2020: 21.3%WELL FY2021: 7.1%WELL FY2022: 2.4%WELL FY2023: 5.1%WELL FY2024: 11.9%WELL FY2025: 8.6%FY18FY19FY20FY21FY22FY23FY24FY25
DLR 21.4%WELL 8.6%
Revenue growth
DLR FY2019: +5.3%DLR FY2020: +21.6%DLR FY2021: +13.4%DLR FY2022: +6.0%DLR FY2023: +16.7%DLR FY2024: +1.4%DLR FY2025: +10.0%WELL FY2019: +9.0%WELL FY2020: -10.1%WELL FY2021: +3.0%WELL FY2022: +23.6%WELL FY2023: +13.3%WELL FY2024: +20.4%WELL FY2025: +35.6%FY19FY20FY21FY22FY23FY24FY25
DLR +10.0%WELL +35.6%
Free cash flow
WELL FY2018: $1.3BWELL FY2019: $1.2BWELL FY2020: $1.1BWELL FY2021: $992.7MWELL FY2022: $852.7MWELL FY2023: $1.1BWELL FY2024: $1.4BWELL FY2025: $1.8BFY18FY19FY20FY21FY22FY23FY24FY25
DLRWELL $1.8B

Fiscal years as each company reports them; the two may end in different months.

Questions about Digital Realty Trust and Welltower

Which is bigger by revenue, Digital Realty Trust or Welltower?

Welltower is bigger by revenue: $10.8B in fiscal 2025, against $6.1B for Digital Realty Trust in fiscal 2025.

Which keeps more of its revenue as profit, Digital Realty Trust or Welltower?

Digital Realty Trust had a net margin of 21.4% in fiscal 2025; Welltower had 8.6% in fiscal 2025.

Which grew revenue faster, Digital Realty Trust or Welltower?

In their latest fiscal years revenue changed by +10.0% at Digital Realty Trust and +35.6% at Welltower.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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