American Healthcare Reit vs Welltower
Welltower is the larger business, with $10.84bn of revenue in fiscal 2025 against $2.26bn for American Healthcare Reit (4.8 times as much). Welltower grew faster (35.6% against 9.1%). Welltower kept more of each dollar of sales as profit: a net margin of 8.6% against 3.1%. American Healthcare Reit carries less debt relative to equity (29.7% against 46.0%).
| Latest fiscal year | American Healthcare ReitAHR, 2025 | WelltowerWELL, 2025 |
|---|---|---|
| Revenue | $2.26bn | $10.84bn |
| Revenue growth | 9.1% | 35.6% |
| Net income | $69.8m | $937m |
| Operating margin | 18.4% | — |
| Net margin | 3.1% | 8.6% |
| Return on equity | 2.5% | 2.5% |
| Free cash flow | $294m | $1.83bn |
| Cash | $115m | $5.03bn |
| Total debt | $986m | $19.36bn |
| Debt to equity | 29.7% | 46.0% |
| Dividend per share | $1.00 | $2.82 |
| Dividend yield | 1.7% | 1.2% |
| Share buybacks | $0 | — |
| Employees | 121 | 514 |
| Market value | $10.68bn | $176.22bn |
| Price vs our value range | — | — |
| Moat score | 27 (Weak) | 50 (Moderate) |
| Insider trades, 12 months | 0 buys, 10 sales | 2 buys, 0 sales |