Ventas vs Welltower
Welltower reported revenue of $10.8 billion in fiscal 2025, 1.9 times Ventas' $5.8 billion in fiscal 2025. Ventas' revenue grew 18.5% in its latest year, and Welltower's grew 35.6%.
Side by side
| Ventas | Welltower | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $5.8B | $10.8B |
| Revenue growth | 18.5% | 35.6% |
| Revenue growth a year, last 5 years | 9.0% | 18.7% |
| Gross margin | — | 40.1% |
| Operating margin | — | — |
| Net margin | 4.5% | 8.9% |
| Free cash flow | — | — |
| Free cash flow margin | — | — |
| Return on capital | 3.4% | 3.0% |
| Net debt to EBITDA | 5.6x | 4.1x |
| Dividends and buybacks | $860M | $1.9B |
| Change in diluted share count | 11.1% | 11.6% |
| Last close | $87.42 | $240.61 |
| P/E at the last close | 164.9× | 119.7× |
| Insider trades, last 12 months | bought $197,025, sold $42.7 million | bought $2.4 million, sold $0 |
| Piotroski F-score | — | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
VentasWelltower
Operating margin
Percent of revenue
VentasWelltower
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
VentasWelltower