PLD vs WELL
Prologis, Inc. and Welltower Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | PLD | WELL |
|---|---|---|
| Revenue | $8.8B | $10.8B |
| Net income | $3.3B | $961.8M |
| Gross margin | · | 40.1% |
| Net margin | 40.6% | 8.9% |
| Return on equity | 6.2% | 2.6% |
| Diluted EPS | $3.56 | $1.39 |
| Dividend / share | $0.03 | $2.82 |
| Payout ratio | 113.1% | 195.2% |
| Free cash flow | $3.2B | · |
| Equity | $53.2B | $42.1B |
| Net debt / equity | 0.64× | 0.34× |
| Current ratio | · | · |
| Revenue CAGR 5y | 14.6% | 18.7% |
| Profit CAGR 5y | 17.6% | −1.5% |
WELL bills 1.2× the revenue of PLD, and PLD keeps more of each dollar of revenue as profit (40.6% 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. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | PLD | WELL |
|---|---|---|
| FY2025 | $8.8B | $10.8B |
| FY2024 | $8.2B | $8.0B |
| FY2023 | $8.0B | $6.6B |
| FY2022 | $6.0B | $5.9B |
| FY2021 | $4.8B | $4.7B |
| FY2020 | $4.4B | $4.6B |
| FY2019 | $3.3B | $5.1B |
| FY2018 | $2.8B | $4.7B |
| FY2017 | $2.6B | $4.3B |
| FY2016 | $2.5B | $4.3B |
Bottom line
| Fiscal year | PLD | WELL |
|---|---|---|
| FY2025 | $3.3B | $961.8M |
| FY2024 | $3.7B | $972.9M |
| FY2023 | $3.1B | $358.1M |
| FY2022 | $3.4B | $160.6M |
| FY2021 | $2.9B | $374.5M |
| FY2020 | $1.5B | $1.0B |
| FY2019 | $1.6B | $1.3B |
| FY2018 | $1.6B | $829.8M |
| FY2017 | $1.7B | $540.6M |
| FY2016 | $1.2B | $1.1B |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$2,047,907,000 | WELL |
| FY2024 | +$210,492,000 | PLD |
| FY2023 | +$1,385,474,000 | PLD |
| FY2022 | +$113,077,000 | PLD |
| FY2021 | +$17,325,000 | PLD |
| FY2020 | −$167,232,000 | WELL |
| FY2019 | −$1,790,685,000 | WELL |
| FY2018 | −$1,896,050,000 | WELL |
| FY2017 | −$1,698,507,000 | WELL |
| FY2016 | −$1,748,025,000 | WELL |
| FY2015 | −$1,662,752,000 | WELL |
| FY2014 | −$1,582,759,000 | WELL |
| FY2013 | −$1,130,122,000 | WELL |
| FY2012 | +$155,474,000 | PLD |
| FY2011 | +$108,589,000 | PLD |
| FY2010 | +$261,581,000 | PLD |
| FY2009 | +$503,883,000 | PLD |
The higher-revenue side has changed between PLD and WELL over this period. The gap has widened since the earliest year compared.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +31.7 pp | PLD |
| FY2024 | +36.0 pp | PLD |
| FY2023 | +35.2 pp | PLD |
| FY2022 | +56.8 pp | PLD |
| FY2021 | +58.3 pp | PLD |
| FY2020 | +13.9 pp | PLD |
| FY2019 | +25.1 pp | PLD |
| FY2018 | +47.4 pp | PLD |
| FY2017 | +54.7 pp | PLD |
| FY2016 | +25.8 pp | PLD |
| FY2015 | +19.1 pp | PLD |
| FY2014 | +26.7 pp | PLD |
| FY2013 | +15.4 pp | PLD |
| FY2012 | −17.9 pp | WELL |
| FY2011 | −27.3 pp | WELL |
| FY2010 | −173.5 pp | WELL |
| FY2009 | −34.5 pp | WELL |
The higher net margin has changed hands between PLD and WELL over this period.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
PLD's net margin has been more volatile than WELL's over the 17 comparable fiscal years — 50.2 percentage points of standard deviation against 8.8.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between PLD and WELL over these 17 fiscal years — PLD led in 13 and WELL in 4.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
PLD's return on equity has been more volatile than WELL's over the 17 comparable fiscal years — 6.1 percentage points of standard deviation against 2.2.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between PLD and WELL over these 17 fiscal years — PLD led in 10 and WELL in 7.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.