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
Returns
Return on equity	12.7%-0.3pp	12.5%+1.2pp	13.3%+3.8pp	14%+6.8pp	12.9%+7.5pp
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×
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%
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×
Dividend yield	6.1%-1.6pp	6.3%-2.2pp	6.8%-2.3pp	7.2%-2.9pp	7.7%-3.1pp

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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.