NHI vs. WELL: A Head-to-Head Stock Comparison

Updated on October 3, 2025

Here’s a clear look at NHI and WELL, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Profile

Both NHI and WELL are Real Estate Investment Trusts (REITs). These entities are required to distribute the majority of their taxable income to shareholders, often resulting in higher dividend yields.

Symbol	NHI	WELL
Company Name	National Health Investors, Inc.	Welltower Inc.
Country	United States	United States
GICS Sector	Real Estate	Real Estate
GICS Industry	Health Care REITs	Health Care REITs
Market Capitalization	3.81 billion USD	119.97 billion USD
Exchange	NYSE	NYSE
Listing Date	October 9, 1991	March 19, 1980
Security Type	REIT	REIT

Historical Performance

This chart compares the performance of NHI and WELL by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period. Data is adjusted for dividends and splits.

NHI vs. WELL: Growth of a $10,000 investment over the past one year.

Historical Performance at a Glance

Symbol	NHI	WELL
5-Day Price Return	0.04%	4.19%
13-Week Price Return	13.38%	15.88%
26-Week Price Return	7.26%	18.88%
52-Week Price Return	-4.21%	40.05%
Month-to-Date Return	1.55%	5.86%
Year-to-Date Return	14.72%	41.35%
10-Day Avg. Volume	0.24M	5.21M
3-Month Avg. Volume	0.26M	2.98M
3-Month Volatility	17.18%	18.24%
Beta	0.78	0.92

Profitability

Return on Equity (TTM)

NHI

10.39%

Health Care REITs Industry

Max: 10.39%
Q3: 6.95%
Median: 5.08%
Q1: 2.35%
Min: 1.71%

In the upper quartile for the Health Care REITs industry, NHI’s Return on Equity of 10.39% signals a highly effective use of shareholder capital to drive profitability compared to most of its peers.

WELL

3.42%

Health Care REITs Industry

Max: 10.39%
Q3: 6.95%
Median: 5.08%
Q1: 2.35%
Min: 1.71%

WELL’s Return on Equity of 3.42% is on par with the norm for the Health Care REITs industry, indicating its profitability relative to shareholder equity is typical for the sector.

NHI vs. WELL: A comparison of their Return on Equity (TTM) against the Health Care REITs industry benchmark.

Net Profit Margin (TTM)

NHI

41.00%

Health Care REITs Industry

Max: 58.90%
Q3: 41.92%
Median: 27.62%
Q1: 7.47%
Min: -32.95%

In the Health Care REITs industry, Net Profit Margin is often not the primary profitability metric.

WELL

12.18%

Health Care REITs Industry

Max: 58.90%
Q3: 41.92%
Median: 27.62%
Q1: 7.47%
Min: -32.95%

In the Health Care REITs industry, Net Profit Margin is often not the primary profitability metric.

NHI vs. WELL: A comparison of their Net Profit Margin (TTM) against the Health Care REITs industry benchmark.

Operating Profit Margin (TTM)

NHI

36.73%

Health Care REITs Industry

Max: 92.65%
Q3: 49.54%
Median: 38.20%
Q1: 14.70%
Min: -22.55%

In the Health Care REITs industry, Operating Profit Margin is often not the primary measure of operational efficiency.

WELL

14.52%

Health Care REITs Industry

Max: 92.65%
Q3: 49.54%
Median: 38.20%
Q1: 14.70%
Min: -22.55%

In the Health Care REITs industry, Operating Profit Margin is often not the primary measure of operational efficiency.

NHI vs. WELL: A comparison of their Operating Profit Margin (TTM) against the Health Care REITs industry benchmark.

Profitability at a Glance

Symbol	NHI	WELL
Return on Equity (TTM)	10.39%	3.42%
Return on Assets (TTM)	5.42%	2.16%
Net Profit Margin (TTM)	41.00%	12.18%
Operating Profit Margin (TTM)	36.73%	14.52%
Gross Profit Margin (TTM)	84.46%	40.56%

Financial Strength

Current Ratio (MRQ)

NHI

1.49

Health Care REITs Industry

Max: 2.86
Q3: 1.87
Median: 1.49
Q1: 0.26
Min: 0.06

NHI’s Current Ratio of 1.49 aligns with the median group of the Health Care REITs industry, indicating that its short-term liquidity is in line with its sector peers.

WELL

1.92

Health Care REITs Industry

Max: 2.86
Q3: 1.87
Median: 1.49
Q1: 0.26
Min: 0.06

WELL’s Current Ratio of 1.92 is in the upper quartile for the Health Care REITs industry. This signifies a strong liquidity position, suggesting the company is well-equipped to cover its immediate liabilities compared to its peers.

NHI vs. WELL: A comparison of their Current Ratio (MRQ) against the Health Care REITs industry benchmark.

Debt-to-Equity Ratio (MRQ)

NHI

0.76

Health Care REITs Industry

Max: 1.14
Q3: 1.00
Median: 0.95
Q1: 0.73
Min: 0.35

NHI’s Debt-to-Equity Ratio of 0.76 is typical for the Health Care REITs industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

WELL

0.45

Health Care REITs Industry

Max: 1.14
Q3: 1.00
Median: 0.95
Q1: 0.73
Min: 0.35

Falling into the lower quartile for the Health Care REITs industry, WELL’s Debt-to-Equity Ratio of 0.45 points to a conservative financing strategy. This results in lower financial risk but potentially limits strategic investments compared to more leveraged competitors.

NHI vs. WELL: A comparison of their Debt-to-Equity Ratio (MRQ) against the Health Care REITs industry benchmark.

Interest Coverage Ratio (TTM)

NHI

3.14

Health Care REITs Industry

Max: 5.10
Q3: 2.88
Median: 1.84
Q1: 1.17
Min: 0.43

NHI’s Interest Coverage Ratio of 3.14 is in the upper quartile for the Health Care REITs industry, signifying a strong and healthy capacity to meet its interest payments from operating profits.

WELL

1.96

Health Care REITs Industry

Max: 5.10
Q3: 2.88
Median: 1.84
Q1: 1.17
Min: 0.43

WELL’s Interest Coverage Ratio of 1.96 is positioned comfortably within the norm for the Health Care REITs industry, indicating a standard and healthy capacity to cover its interest payments.

NHI vs. WELL: A comparison of their Interest Coverage Ratio (TTM) against the Health Care REITs industry benchmark.

Financial Strength at a Glance

Symbol	NHI	WELL
Current Ratio (MRQ)	1.49	1.92
Quick Ratio (MRQ)	1.49	1.92
Debt-to-Equity Ratio (MRQ)	0.76	0.45
Interest Coverage Ratio (TTM)	3.14	1.96

Growth

Revenue Growth

NHI vs. WELL: A side-by-side comparison of their Revenue Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

EPS Growth

NHI vs. WELL: A side-by-side comparison of their EPS Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

Dividend

Dividend Yield (TTM)

NHI

4.28%

Health Care REITs Industry

Max: 8.56%
Q3: 6.40%
Median: 6.02%
Q1: 3.59%
Min: 1.51%

NHI’s Dividend Yield of 4.28% is consistent with its peers in the Health Care REITs industry, providing a dividend return that is standard for its sector.

WELL

1.43%

Health Care REITs Industry

Max: 8.56%
Q3: 6.40%
Median: 6.02%
Q1: 3.59%
Min: 1.51%

WELL’s Dividend Yield of 1.43% is below the typical range for the Health Care REITs industry. This indicates that shareholder returns are likely driven more by potential capital appreciation than by dividend income.

NHI vs. WELL: A comparison of their Dividend Yield (TTM) against the Health Care REITs industry benchmark.

Dividend Payout Ratio (TTM)

NHI

112.99%

Health Care REITs Industry

Max: 234.45%
Q3: 218.09%
Median: 153.06%
Q1: 99.53%
Min: 0.00%

NHI’s Dividend Payout Ratio of 112.99% is within the typical range for the Health Care REITs industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

WELL

150.35%

Health Care REITs Industry

Max: 234.45%
Q3: 218.09%
Median: 153.06%
Q1: 99.53%
Min: 0.00%

WELL’s Dividend Payout Ratio of 150.35% is within the typical range for the Health Care REITs industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

NHI vs. WELL: A comparison of their Dividend Payout Ratio (TTM) against the Health Care REITs industry benchmark.

Dividend at a Glance

Symbol	NHI	WELL
Dividend Yield (TTM)	4.28%	1.43%
Dividend Payout Ratio (TTM)	112.99%	150.35%

Valuation

Price-to-Earnings Ratio (TTM)

NHI

26.40

Health Care REITs Industry

Max: 79.81
Q3: 46.18
Median: 26.23
Q1: 23.21
Min: 13.95

The P/E Ratio is often not the primary metric for valuation in the Health Care REITs industry.

WELL

105.33

Health Care REITs Industry

Max: 79.81
Q3: 46.18
Median: 26.23
Q1: 23.21
Min: 13.95

The P/E Ratio is often not the primary metric for valuation in the Health Care REITs industry.

NHI vs. WELL: A comparison of their Price-to-Earnings Ratio (TTM) against the Health Care REITs industry benchmark.

Price-to-Sales Ratio (TTM)

NHI

10.82

Health Care REITs Industry

Max: 20.59
Q3: 11.86
Median: 7.62
Q1: 4.92
Min: 3.19

NHI’s P/S Ratio of 10.82 aligns with the market consensus for the Health Care REITs industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

WELL

12.82

Health Care REITs Industry

Max: 20.59
Q3: 11.86
Median: 7.62
Q1: 4.92
Min: 3.19

WELL’s P/S Ratio of 12.82 is in the upper echelon for the Health Care REITs industry. This means the company is valued richly on its revenue stream compared to its peers, suggesting the stock is priced for a high level of future performance.

NHI vs. WELL: A comparison of their Price-to-Sales Ratio (TTM) against the Health Care REITs industry benchmark.

Price-to-Book Ratio (MRQ)

NHI

2.21

Health Care REITs Industry

Max: 2.80
Q3: 2.04
Median: 1.58
Q1: 0.90
Min: 0.54

NHI’s P/B Ratio of 2.21 is in the upper tier for the Health Care REITs industry. This indicates that investors are paying a premium relative to the company’s net assets, a valuation that hinges on its ability to generate superior profits.

WELL

2.80

Health Care REITs Industry

Max: 2.80
Q3: 2.04
Median: 1.58
Q1: 0.90
Min: 0.54

WELL’s P/B Ratio of 2.80 is in the upper tier for the Health Care REITs industry. This indicates that investors are paying a premium relative to the company’s net assets, a valuation that hinges on its ability to generate superior profits.

NHI vs. WELL: A comparison of their Price-to-Book Ratio (MRQ) against the Health Care REITs industry benchmark.

Valuation at a Glance

Symbol	NHI	WELL
Price-to-Earnings Ratio (TTM)	26.40	105.33
Price-to-Sales Ratio (TTM)	10.82	12.82
Price-to-Book Ratio (MRQ)	2.21	2.80
Price-to-Free Cash Flow Ratio (TTM)	75.60	45.53