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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	159.4%-0.2pp	158.9%-2.5pp	158.3%-4.1pp	159%-2.8pp	159.6%-1.4pp
Net margin	43.3%-2.9pp	43.8%+3.8pp	47.1%+13.9pp	49.8%+24.9pp	46.2%+27.8pp
Free cash flow margin	67.3%-2.6pp	68.7%+0.7pp	69.3%+2.5pp	69.8%+5.5pp	69.9%+7.8pp
Returns
Return on equity	12.7%-0.3pp	12.5%+1.2pp	13.3%+3.8pp	14%+6.8pp	12.9%+7.5pp
Return on assets	8.1%+0.3pp	7.9%+1.2pp	8.3%+2.8pp	8.6%+4.5pp	7.8%+4.8pp
Efficiency
Asset turnover	0.7×+0.1×	0.7×+0.1×	0.7×0.0×	0.7×0.0×	0.7×0.0×
Leverage
Debt-to-equity	0.2×+0.1×	0.2×+0.1×	0.1×+0.1×	0.1×+0.1×	0.1×0.0×
Debt-to-assets	0.1×0.0×	0.1×+0.1×	0.1×+0.1×	0.1×0.0×	0.1×0.0×
Per Share
Book value per share	$232.58+15.5%	$224.22+13.7%	$214.71+10.9%	$207.23+10.0%	$201.42+10.3%
Valuation
Market capitalization	$485.36B+52.6%	$446.75B+64.3%	$397.84B+63.5%	$356.68B+71.6%	$318.14B+71.3%
Enterprise value	$471.29B+53.0%	$433.11B+65.2%	$384.8B+64.3%	$345.97B+73.3%	$308.12B+73.0%
Price / earnings	438.5×+83.0×	434.3×+53.9×	382.5×-56.6×	342.6×-170×	355.6×-355×
Price / sales	46.4×+5.7×	46.3×+9.6×	44.3×+10.0×	42.7×+12.1×	40.6×+12.4×
Price / book	12.1×+2.0×	11.8×+2.7×	11.3×+2.6×	10.8×+2.9×	10.1×+2.5×
EV / sales	45×+5.7×	44.9×+9.5×	42.9×+9.8×	41.4×+12.0×	39.3×+12.2×
Free cash flow yield	5.8%-1.1pp	6%-1.5pp	6.3%-1.6pp	6.6%-1.9pp	6.9%-1.9pp
Earnings yield	3.8%-0.8pp	3.8%-0.5pp	4.3%+0.5pp	4.7%+1.5pp	4.5%+2.0pp
Dividend yield	6.1%-1.6pp	6.3%-2.2pp	6.8%-2.3pp	7.2%-2.9pp	7.7%-3.1pp

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about Welltower.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

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.