AMT vs WELL
American Tower Corp. and Welltower Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | AMT | WELL |
|---|---|---|
| Revenue | $10.6B | $10.8B |
| Net income | $2.6B | $961.8M |
| Gross margin | 96.6% | 40.1% |
| Net margin | 24.7% | 8.9% |
| Return on equity | — | 2.6% |
| Diluted EPS | $5.40 | $1.39 |
| Dividend / share | $6.72 | $2.82 |
| Payout ratio | — | 195.2% |
| Free cash flow | $3.8B | — |
| Equity | $3.7B | $42.1B |
| Net debt / equity | 9.79× | 0.34× |
| Current ratio | 0.40× | — |
| Revenue CAGR 5y | 5.8% | 18.7% |
| Profit CAGR 5y | 9.2% | −1.5% |
AMT and WELL book revenue within 15% of each other, and keeps more of each dollar of revenue as profit (24.7% against 8.9%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
Revenue by year
10 years side by side
| Fiscal year | AMT | WELL |
|---|---|---|
| FY2025 | $10.6B | $10.8B |
| FY2024 | $10.1B | $8.0B |
| FY2023 | $10.0B | $6.6B |
| FY2022 | $9.6B | $5.9B |
| FY2021 | $9.4B | $4.7B |
| FY2020 | $8.0B | $4.6B |
| FY2019 | $7.6B | $5.1B |
| FY2018 | $7.4B | $4.7B |
| FY2017 | $6.7B | $4.3B |
| FY2016 | $5.8B | $4.3B |
Net income by year
Bottom line
| Fiscal year | AMT | WELL |
|---|---|---|
| FY2025 | $2.6B | $961.8M |
| FY2024 | $2.3B | $972.9M |
| FY2023 | $1.4B | $358.1M |
| FY2022 | $1.7B | $160.6M |
| FY2021 | $2.6B | $374.5M |
| FY2020 | $1.7B | $1.0B |
| FY2019 | $1.9B | $1.3B |
| FY2018 | $1.2B | $829.8M |
| FY2017 | $1.2B | $540.6M |
| FY2016 | $956.4M | $1.1B |
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