Healthpeak Properties vs Welltower
Welltower is the larger business, with $10.84bn of revenue in fiscal 2025 against $2.82bn for Healthpeak Properties (3.8 times as much). Welltower grew faster (35.6% against 4.5%). Welltower kept more of each dollar of sales as profit: a net margin of 8.6% against 2.5%. Welltower carries less debt relative to equity (46.0% against 133.0%).
| Latest fiscal year | Healthpeak PropertiesDOC, 2025 | WelltowerWELL, 2025 |
|---|---|---|
| Revenue | $2.82bn | $10.84bn |
| Revenue growth | 4.5% | 35.6% |
| Net income | $71.3m | $937m |
| Operating margin | — | — |
| Net margin | 2.5% | 8.6% |
| Return on equity | 0.9% | 2.5% |
| Free cash flow | $357m | $1.83bn |
| Cash | $467m | $5.03bn |
| Total debt | $9.98bn | $19.36bn |
| Debt to equity | 133.0% | 46.0% |
| Dividend per share | $1.22 | $2.82 |
| Dividend yield | 6.3% | 1.2% |
| Share buybacks | $97.1m | — |
| Employees | 411 | 514 |
| Market value | $13.49bn | $176.22bn |
| Price vs our value range | — | — |
| Moat score | 49 (Moderate) | 50 (Moderate) |
| Insider trades, 12 months | 0 buys, 1 sales | 2 buys, 0 sales |