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Welltower WELL Ratios & Valuation

Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Gross margin39.8%+0.6pp40.1%+0.6pp39.8%-0.7pp39.7%-0.6pp39.3%-1.8pp
Net margin12.4%-0.5pp8.9%-3.3pp9.8%-2.7pp12.3%+3.6pp12.8%+6.2pp
Returns
Return on equity3.7%+0.2pp2.6%-0.8pp2.8%-0.7pp3.5%+1.1pp3.6%+1.7pp
Efficiency
Asset turnover0.2×0.0×0.2×0.0×0.2×0.0×0.2×0.0×0.2×0.0×
Leverage
Debt-to-equity0.0×0.1×0.0×0.0×0.0×0.0×
Per Share
Book value per share$60.30+16.1%$62.00+18.1%$56.55+15.3%$53.73+12.1%$51.94+8.9%
Valuation
Market capitalization$137.95B+38.9%$127.39B+62.3%$119.14B+52.8%$100.87B+61.8%$99.34B+86.9%
Price / earnings94.7×+4.3×132.4×+51.8×123.1×+39.9×88.3×-13.0×90.4×-24.8×
Price / sales11.7×+0.1×11.8×+1.9×12×+1.6×10.9×+2.1×11.6×+4.0×
Price / book3.2×+0.2×+0.6×3.1×+0.5×2.8×+0.7×2.9×+1.0×
Dividend yield1.4%-0.2pp1.5%-0.5pp1.5%-0.4pp1.7%-0.5pp1.6%-0.8pp

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Questions, answered.

Where do Welltower's ratios come from?
Every ratio is computed from Welltower's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.