Last 48 quarters of trend data · Real Estate · REIT - Healthcare Facilities
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Welltower Inc.'s quarterly P/E stands at 331.4x, up 99.9% year-over-year — indicating the stock has re-rated higher or earnings have softened.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 149.01 | 331.45 | 111.34 | 85.41 | 95.76 | 165.83 | 43.85 | 62.05 | 106.18 | 150.28 | 85.33 | 101.11 | 345.33 |
| — | +99.9% | +153.9% | +37.6% | -9.8% | +10.3% | -48.6% | -38.6% | -69.3% | — | — | -1.8% | +101.1% | |
| P/S Ratio | 13.31 | 10.15 | 11.37 | 10.21 | 10.48 | 9.00 | 9.84 | 8.79 | 7.37 | 7.25 | 6.61 | 6.42 | 5.71 |
| — | +12.7% | +15.5% | +16.1% | +42.3% | +24.2% | +48.8% | +36.9% | +29.1% | +38.1% | +30.3% | -3.9% | -26.6% | |
| P/B Ratio | 3.26 | 3.05 | 3.13 | 2.81 | 2.90 | 2.45 | 2.55 | 2.12 | 1.89 | 1.89 | 1.81 | 1.83 | 1.64 |
| — | +24.3% | +22.8% | +32.4% | +53.2% | +29.9% | +41.1% | +16.0% | +15.2% | +27.5% | +24.0% | -3.4% | -27.2% | |
| P/FCF | 50.06 | — | 41.79 | 32.86 | 42.63 | 36.66 | 29.57 | 36.00 | 33.16 | 33.61 | 25.30 | 25.10 | 24.23 |
| — | — | +41.3% | -8.7% | +28.5% | +9.1% | +16.9% | +43.4% | +36.9% | +3.4% | +17.9% | +3.6% | -28.5% | |
| EV / EBITDA | 54.40 | — | 42.13 | 30.37 | 32.36 | 30.43 | 31.36 | 29.33 | 23.89 | 24.72 | 23.92 | 23.34 | 22.48 |
| — | — | +34.3% | +3.6% | +35.5% | +23.1% | +31.1% | +25.6% | +6.3% | +13.0% | +12.7% | -7.3% | -21.9% | |
| EV / EBIT | 270.01 | — | 73.30 | 65.78 | 82.69 | 88.34 | 71.03 | 83.29 | 57.39 | 66.04 | 61.89 | 44.92 | 68.88 |
| — | — | +3.2% | -21.0% | +44.1% | +33.8% | +14.8% | +85.4% | -16.7% | -15.5% | -19.7% | -19.2% | -18.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Welltower Inc.'s operating margin was -17.8% in Q4 2025, down 28.3 pp QoQ and down 30.5 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 6.5% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 165.1% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 20.9% | -23.7% | 41.3% | 39.8% | 38.8% | 36.5% | 39.7% | 38.0% | 40.1% | 39.7% | 38.8% | 39.4% | 38.3% |
| — | -165.1% | +4.0% | +4.7% | -3.3% | -8.0% | +2.3% | -3.5% | +4.7% | +5.0% | +2.4% | +0.1% | -0.7% | |
| Operating Margin | 4.9% | -17.8% | 10.5% | 17.6% | 15.8% | 12.7% | 15.5% | 13.3% | 17.1% | 14.8% | 14.9% | 14.8% | 13.5% |
| — | -240.5% | -32.4% | +32.3% | -7.4% | -14.4% | +4.5% | -10.1% | +26.5% | +26.6% | +30.5% | +0.6% | -3.5% | |
| Net Margin | 8.6% | 3.0% | 10.4% | 12.0% | 10.8% | 5.4% | 22.4% | 14.2% | 6.9% | 4.9% | 7.8% | 6.5% | 1.7% |
| — | -45.1% | -53.7% | -15.6% | +55.5% | +10.7% | +185.4% | +118.1% | +319.9% | +2077.5% | +1800.7% | +2.2% | -62.9% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.5% | 0.2% | 0.7% | 0.8% | 0.8% | 0.4% | 1.5% | 0.9% | 0.5% | 0.3% | 0.6% | 0.5% | 0.1% |
| — | -37.8% | -50.3% | -3.0% | +65.9% | +12.8% | +167.3% | +85.9% | +287.8% | +1978.7% | +1749.1% | +2.3% | -63.2% | |
| ROA | 1.6% | 0.2% | 0.5% | 0.6% | 0.5% | 0.2% | 1.0% | 0.6% | 0.3% | 0.2% | 0.3% | 0.3% | 0.1% |
| — | -36.6% | -49.3% | -2.2% | +72.2% | +22.5% | +205.2% | +115.6% | +327.2% | +2078.8% | +1804.9% | +5.3% | -61.8% | |
| ROIC | 0.9% | -0.9% | 0.4% | 0.7% | 0.6% | 0.5% | 0.6% | 0.4% | 0.6% | 0.5% | 0.5% | 0.5% | 0.4% |
| — | -301.4% | -23.2% | +56.1% | +4.5% | -3.7% | +12.3% | -9.6% | +32.4% | +32.0% | +38.3% | +7.0% | +0.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Debt/Equity has declined for 6 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.07 | 0.07 | 0.47 | 0.47 | 0.49 | 0.51 | 0.52 | 0.48 | 0.51 | 0.61 | 0.68 | 0.74 | 0.71 |
| — | -87.3% | -10.5% | -1.9% | -3.7% | -15.8% | -23.5% | -34.4% | -28.2% | -12.6% | -10.3% | -5.3% | -9.5% | |
| Debt / EBITDA | 1.08 | — | 22.93 | 18.19 | 19.37 | 21.89 | 22.09 | 22.54 | 21.07 | 24.93 | 27.37 | 27.87 | 27.51 |
| — | — | +3.8% | -19.3% | -8.1% | -12.2% | -19.3% | -19.1% | -23.4% | -12.4% | -6.5% | -5.6% | -8.1% | |
| Current Ratio | — | — | 5.40 | 4.19 | 4.23 | 5.28 | 4.10 | 4.07 | 3.83 | 4.51 | 3.37 | 3.12 | 2.04 |
| — | — | +31.6% | +2.7% | +10.4% | +17.0% | +21.9% | +30.8% | +87.4% | +71.3% | +132.3% | +82.5% | +20.0% | |
| Quick Ratio | — | — | 5.40 | 4.19 | 4.23 | 5.28 | 4.10 | 4.07 | 3.83 | 4.51 | 3.37 | 3.12 | 2.04 |
| — | — | +31.6% | +2.7% | +10.4% | +17.0% | +21.9% | +30.8% | +87.4% | +71.3% | +132.3% | +82.5% | +20.0% | |
| Interest Coverage | 0.81 | -2.84 | 1.74 | 3.14 | 2.61 | 1.82 | 2.25 | 1.79 | 2.13 | 1.65 | 1.54 | 1.54 | 1.46 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Start ComparisonWelltower Inc.'s current P/E is 149.0x. The average P/E over the last 4 quarters is 156.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Welltower Inc.'s current operating margin is 4.9%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Welltower Inc.'s business trajectory between earnings reports.