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.

Welltower WELL Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	39.8%+0.6pp	40.1%+0.6pp	39.8%-0.7pp	39.7%-0.6pp	39.3%-1.8pp
Net margin	12.4%-0.5pp	8.9%-3.3pp	9.8%-2.7pp	12.3%+3.6pp	12.8%+6.2pp
Free cash flow margin	15.9%-1.4pp	16.9%-0.6pp	17.5%-0.5pp	17%0.0pp	17.3%+1.9pp
Returns
Return on equity	3.7%+0.2pp	2.6%-0.8pp	2.8%-0.7pp	3.5%+1.1pp	3.6%+1.7pp
Return on assets	2.4%+0.2pp	1.6%-0.4pp	1.8%-0.3pp	2.3%+0.8pp	2.2%+1.1pp
Efficiency
Asset turnover	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Leverage
Debt-to-equity	0×0.0×	0.1×0.0×	0×0.0×	0×0.0×	0×0.0×
Debt-to-assets	0×0.0×	0×0.0×	0×0.0×	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%
Enterprise value	$135.3B+39.3%	$124.54B+63.4%	$113.65B+51.9%	$97.8B+63.1%	$97.13B+89.9%
Price / earnings	94.7×+4.3×	132.4×+51.8×	123.1×+39.9×	88.3×-13.0×	90.4×-24.8×
Price / sales	11.7×+0.1×	11.8×+1.9×	12×+1.6×	10.9×+2.1×	11.6×+4.0×
Price / book	3.2×+0.2×	3×+0.6×	3.1×+0.5×	2.8×+0.7×	2.9×+1.0×
EV / sales	11.5×+0.1×	11.5×+2.0×	11.5×+1.5×	10.5×+2.1×	11.4×+4.0×
Free cash flow yield	1.4%-0.1pp	1.4%-0.3pp	1.5%-0.3pp	1.6%-0.4pp	1.5%-0.5pp
Earnings yield	1.1%0.0pp	0.8%-0.5pp	0.8%-0.4pp	1.1%+0.1pp	1.1%+0.2pp
Dividend yield	1.4%-0.2pp	1.5%-0.5pp	1.5%-0.4pp	1.7%-0.5pp	1.6%-0.8pp
PEG ratio	2.9×+2.2×	——	38.1×+37.8×	1×+0.7×	0.7×+0.2×

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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.