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.
AMT
American Tower Corporation
$171.50Real EstateDelayed quote: Jul 28, 2026, 4:00 PM EDT
WELL
Welltower Inc.
$243.57Real EstateDelayed quote: Jul 28, 2026, 4:00 PM EDT
Total return — AMT vs WELL
growth of $100 · dividends reinvested · last 28yAMT +1318.2%WELL +4678.7%WELL compounded faster
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
| Metric | AMT | WELL |
|---|---|---|
| P/E ratio | 26.94 | 131.40 |
| Forward P/E | 25.29 | 85.74 |
| P/S ratio | 7.19 | 14.42 |
| P/B ratio | 21.31 | 3.92 |
| PEG ratio | 2.76 | N/A |
| EV / EBITDA | 17.68 | 62.73 |
Profitability
| Metric | AMT | WELL |
|---|---|---|
| Gross margin | 73.19% | 38.82% |
| Operating margin | 44.40% | 5.40% |
| Net margin | 30.88% | 10.67% |
| ROE | 90.83% | 2.90% |
| ROIC | 9.25% | 1.01% |
Dividends
| Metric | AMT | WELL |
|---|---|---|
| Dividend yield | 4.19% | 1.19% |
| Payout ratio | 129.26% | 209.93% |
Growth (annualized)
| Metric | AMT | WELL |
|---|---|---|
| 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.
Go deeper
Dig into the metrics
American Tower P/E ratioWelltower P/E ratioAmerican Tower dividend yieldWelltower dividend yieldAmerican Tower ROEWelltower ROEAmerican Tower operating marginWelltower operating marginAmerican Tower revenue growthWelltower revenue growthAmerican Tower free cash flowWelltower free cash flow
American Tower & Welltower appear in these rankings
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.