Real Estate · Health Care REITs · US stock · price as of 16 Oct 2026
Key indicators
Price
$234.85
52-week range
$168.77 – $254.24
Market cap
$170.6B
P/E (trailing)
113.1×
EV / EBITDA
–
Free-cash-flow yield
1.7%
Dividend yield
1.3%
Revenue (last 12 months)
$11.8B
Revenue growth (3y a year)
22.7%
Operating margin
–
Return on invested capital
–
Net debt / EBITDA
–
Fair value
Fair value is not shown for this company.
X-Ray Score
47/ 100 · Low confidence · ahead of 34% of sector peers
Valuation10
Growth90
Profitability35
Financial health69
Dividends41
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Welltower is a real estate investment trust that owns health care and senior living properties, including senior housing communities, outpatient medical buildings and some long-term care facilities. It earns income from rents and from operating partnerships in which residents pay for housing and care. The company invests in properties across North America and the United Kingdom, and its results are linked to demographic trends and occupancy at its communities.
Trailing twelve-month revenue stands at $9.4 billion, while revenue grew by 26.5% a year over the past three years. The company pays a dividend, and the yield is 1.3%.
StocksXray gives Welltower Inc. an X-Ray Score of 47 out of 100 (low confidence), ahead of 34% of the S&P 500 stocks in its sector. Its strongest lens is growth (90) and its weakest is valuation (10).
XStocksXray
Welltower Inc. (WELL)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$76.63
$60.40
$85.65
$122.54
$183.63
$234.85
Market cap
$32.7B
$28.1B
$44.4B
$74.6B
$124.8B
$170.6B
P/E
98.2×
201.3×
129.8×
78.1×
132.1×
113.1×
EV / revenue
10.0×
7.3×
8.9×
10.9×
12.9×
15.7×
EV / EBITDA
27.9×
21.3×
24.9×
40.3×
–
–
Price / free cash flow
25.6×
21.1×
27.7×
33.1×
43.3×
57.8×
Free-cash-flow yield
3.9%
4.7%
3.6%
3.0%
2.3%
1.7%
Price / book
1.9×
1.4×
1.7×
2.3×
3.0×
3.9×
Dividend yield
3.18%
4.04%
2.85%
2.09%
1.54%
1.31%
Fundamentals checklist ● 4 Good · ● 0 Average · ● 2 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−2.3%Bad
Risk models
Piotroski F-Score7 of 9Good
Growth
EPS growth (3y)66.7%Good
Revenue growth (3y)22.7%Good
Growth consistency100%Good
Profitability
Gross profitability7.0%Bad
Red flags
Heavy dilution — Share count up more than 5% year on year
XStocksXray
Welltower Inc. (WELL)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
4,742
5,861
6,638
7,991
10,838
11,767
Gross profit
1,968
2,302
2,690
3,161
4,350
4,686
Operating income
661
703
958
524
–
–
Net income
336
141
340
952
937
1,432
Diluted EPS ($)
0.78
0.30
0.66
1.57
1.39
2.08
Free cash flow
1,275
1,329
1,602
2,256
2,882
2,953
Gross margin
41.5%
39.3%
40.5%
39.6%
40.1%
39.8%
Operating margin
13.9%
12.0%
14.4%
6.6%
–
–
Net margin
7.1%
2.4%
5.1%
11.9%
8.6%
12.2%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
34,910
37,893
44,012
51,044
67,303
67,221
Cash
269
632
1,994
3,507
5,034
4,704
Total debt
13,910
14,714
15,736
15,500
19,197
17,934
Equity
17,636
20,295
25,404
31,956
42,129
43,794
Dividend per share ($)
2.44
2.44
2.44
2.56
2.82
2.89
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.