American Tower Corporation (AMT) vs Welltower Inc. (WELL)

A side-by-side comparison of American Tower Corporation and Welltower Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 28, 2026. Differences are shown without an overall score or investment verdict.

Compare

Total returnAMT vs WELL

growth of $100 · dividends reinvested · last 28y
AMT +1318.2%WELL +4678.7%WELL compounded faster
01k2k3k4k5kStart $10020032008201320182023$1,418$4,779
AMT WELL

AMT vs WELL: by the numbers

  • WELL is the larger company ($171.94B vs $79.90B market cap).
  • AMT trades at the lower trailing earnings multiple (26.94 vs 131.40 P/E), one valuation lens rather than an overall verdict.
  • AMT converts more revenue to profit (30.88% vs 10.67% net margin).
  • WELL grew revenue faster over the past five years (23.85% vs 4.95% CAGR).
  • AMT pays the higher dividend yield (4.19% vs 1.19%).

Metrics side by side

Valuation

MetricAMTWELL
P/E ratio26.94131.40
Forward P/E25.2985.74
P/S ratio7.1914.42
P/B ratio21.313.92
PEG ratio2.76N/A
EV / EBITDA17.6862.73

Profitability

MetricAMTWELL
Gross margin73.19%38.82%
Operating margin44.40%5.40%
Net margin30.88%10.67%
ROE90.83%2.90%
ROIC9.25%1.01%

Dividends

MetricAMTWELL
Dividend yield4.19%1.19%
Payout ratio129.26%209.93%

Growth (annualized)

MetricAMTWELL
Revenue CAGR (5Y)4.95%23.85%
EPS CAGR (5Y)7.23%-9.79%
Total return CAGR (5Y)-6.22%25.73%

Frequently asked

Which has the lower trailing P/E, AMT or WELL?
AMT has the lower trailing P/E: AMT trades at 26.94 and WELL at 131.40. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, AMT or WELL?
Over the past five years, WELL grew revenue faster — AMT at a 4.95% CAGR versus WELL at 23.85%.
Does AMT or WELL pay a bigger dividend?
AMT yields 4.19% and WELL yields 1.19% based on trailing dividends and the latest price.
Is AMT or WELL more profitable?
AMT runs the higher net margin — AMT at 30.88% versus WELL at 10.67%.
How have AMT and WELL total returns compared?
Over the past 10 years, AMT delivered 6.93% and WELL delivered 16.06% annualized total return. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified July 28, 2026.