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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	158.9%-2.5pp	161.4%+2.3pp	159.1%-1.3pp	160.3%-8.5pp
Net margin	43.8%+3.8pp	40%+26.2pp	13.8%-7.8pp	21.7%-30.1pp
Free cash flow margin	68.7%+0.7pp	68%+6.4pp	61.6%-5.9pp	67.5%-22.1pp
Returns
Return on equity	12.5%+1.2pp	11.3%+7.1pp	4.2%-2.5pp	6.7%-7.6pp
Return on assets	7.9%+1.2pp	6.7%+4.4pp	2.2%-1.1pp	3.4%-3.6pp
Efficiency
Asset turnover	0.7×+0.1×	0.7×0.0×	0.6×0.0×	0.6×+0.1×
Leverage
Debt-to-equity	0.2×+0.1×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Debt-to-assets	0.1×+0.1×	0×0.0×	0×0.0×	0×0.0×
Per Share
Book value per share	$224.22+13.7%	$197.18+11.9%	$176.28+6.6%	$165.38+5.9%
Valuation
Market capitalization	$446.75B+64.3%	$271.96B+62.1%	$167.78B+18.8%	$141.17B+0.4%
Enterprise value	$433.11B+65.2%	$262.14B+61.9%	$161.94B+14.6%	$141.32B+1.5%
Price / earnings	434.3×+53.9×	380.4×-500×	880.6×+349×	531.7×+263×
Price / sales	46.3×+9.6×	36.7×+10.2×	26.5×+0.5×	25.9×-5.2×
Price / book	11.8×+2.7×	9.1×+1.7×	7.4×-0.1×	7.5×-1.0×
EV / sales	44.9×+9.5×	35.3×+9.8×	25.5×-0.4×	25.9×-4.9×
Free cash flow yield	6%-1.5pp	7.5%-1.9pp	9.4%-1.3pp	10.7%-0.9pp
Earnings yield	3.8%-0.5pp	4.3%+2.3pp	2%-1.2pp	3.2%-3.5pp
Dividend yield	6.3%-2.2pp	8.5%-3.1pp	11.6%-1.0pp	12.7%+1.0pp

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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.