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Side-by-side financial comparison of Alcoa Corp (AA) and Welltower (WELL). Click either name above to swap in a different company.

Alcoa Corp is the larger business by last-quarter revenue ($3.4B vs $3.4B, roughly 1.0× Welltower). Welltower runs the higher net margin — 22.4% vs 6.2%, a 16.3% gap on every dollar of revenue. On growth, Welltower posted the faster year-over-year revenue change (38.3% vs -1.1%). Over the past eight quarters, Welltower's revenue compounded faster (55.1% CAGR vs 15.2%).

Alcoa Corporation is an American industrial corporation that produces aluminum. According to industry rankings, it is among the largest producers globally. The company operates in 10 countries and is involved in mining, refining, smelting, fabricating, and recycling aluminum products.

Welltower Inc. is a real estate investment trust that invests in healthcare infrastructure. As of December 31, 2022, the company had investments in approximately 3,000 properties, all of which were in the United States, Canada, and the United Kingdom.

AA vs WELL — Head-to-Head

Bigger by revenue
AA
AA
1.0× larger
AA
$3.4B
$3.4B
WELL
Growing faster (revenue YoY)
WELL
WELL
+39.4% gap
WELL
38.3%
-1.1%
AA
Higher net margin
WELL
WELL
16.3% more per $
WELL
22.4%
6.2%
AA
Faster 2-yr revenue CAGR
WELL
WELL
Annualised
WELL
55.1%
15.2%
AA

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AA
AA
WELL
WELL
Revenue
$3.4B
$3.4B
Net Profit
$213.0M
$752.3M
Gross Margin
Operating Margin
2.0%
Net Margin
6.2%
22.4%
Revenue YoY
-1.1%
38.3%
Net Profit YoY
5.4%
192.4%
EPS (diluted)
$0.80

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AA
AA
WELL
WELL
Q1 26
$3.4B
Q4 25
$3.4B
$2.6B
Q3 25
$3.0B
$2.1B
Q2 25
$3.0B
$2.0B
Q1 25
$3.4B
$1.9B
Q4 24
$3.5B
$1.8B
Q3 24
$2.9B
$1.5B
Q2 24
$2.9B
$1.4B
Net Profit
AA
AA
WELL
WELL
Q1 26
$752.3M
Q4 25
$213.0M
$117.8M
Q3 25
$232.0M
$282.2M
Q2 25
$164.0M
$304.6M
Q1 25
$548.0M
$257.3M
Q4 24
$202.0M
$123.8M
Q3 24
$90.0M
$456.8M
Q2 24
$20.0M
$260.7M
Gross Margin
AA
AA
WELL
WELL
Q1 26
Q4 25
24.3%
Q3 25
23.5%
Q2 25
23.2%
Q1 25
21.6%
Q4 24
20.0%
Q3 24
19.8%
Q2 24
20.2%
Operating Margin
AA
AA
WELL
WELL
Q1 26
Q4 25
2.0%
Q3 25
5.6%
14.2%
Q2 25
5.3%
15.1%
Q1 25
19.8%
10.7%
Q4 24
9.7%
6.2%
Q3 24
6.3%
12.2%
Q2 24
3.2%
6.5%
Net Margin
AA
AA
WELL
WELL
Q1 26
22.4%
Q4 25
6.2%
4.6%
Q3 25
7.7%
13.7%
Q2 25
5.4%
15.5%
Q1 25
16.3%
13.8%
Q4 24
5.8%
7.0%
Q3 24
3.1%
30.2%
Q2 24
0.7%
18.7%
EPS (diluted)
AA
AA
WELL
WELL
Q1 26
Q4 25
$0.80
$0.13
Q3 25
$0.88
$0.41
Q2 25
$0.62
$0.45
Q1 25
$2.07
$0.40
Q4 24
$1.18
$0.20
Q3 24
$0.38
$0.73
Q2 24
$0.11
$0.42

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AA
AA
WELL
WELL
Cash + ST InvestmentsLiquidity on hand
$1.6B
$4.7B
Total DebtLower is stronger
$2.4B
Stockholders' EquityBook value
$6.1B
$44.7B
Total Assets
$16.1B
$67.2B
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AA
AA
WELL
WELL
Q1 26
$4.7B
Q4 25
$1.6B
$5.0B
Q3 25
$1.5B
$6.8B
Q2 25
$1.5B
$4.4B
Q1 25
$1.2B
$3.5B
Q4 24
$1.1B
$3.5B
Q3 24
$1.3B
$3.6B
Q2 24
$1.4B
$2.8B
Total Debt
AA
AA
WELL
WELL
Q1 26
Q4 25
$2.4B
$19.2B
Q3 25
$2.6B
$16.9B
Q2 25
$2.6B
$16.0B
Q1 25
$2.6B
$15.7B
Q4 24
$2.5B
$15.5B
Q3 24
$2.5B
$15.8B
Q2 24
$2.5B
$13.9B
Stockholders' Equity
AA
AA
WELL
WELL
Q1 26
$44.7B
Q4 25
$6.1B
$42.1B
Q3 25
$6.3B
$38.8B
Q2 25
$6.1B
$35.9B
Q1 25
$5.8B
$34.0B
Q4 24
$5.2B
$32.0B
Q3 24
$5.3B
$30.3B
Q2 24
$3.9B
$29.0B
Total Assets
AA
AA
WELL
WELL
Q1 26
$67.2B
Q4 25
$16.1B
$67.3B
Q3 25
$16.0B
$59.5B
Q2 25
$15.0B
$55.8B
Q1 25
$14.6B
$53.3B
Q4 24
$14.1B
$51.0B
Q3 24
$14.5B
$49.0B
Q2 24
$14.3B
$45.5B
Debt / Equity
AA
AA
WELL
WELL
Q1 26
Q4 25
0.40×
0.46×
Q3 25
0.41×
0.43×
Q2 25
0.42×
0.44×
Q1 25
0.44×
0.46×
Q4 24
0.48×
0.49×
Q3 24
0.47×
0.52×
Q2 24
0.63×
0.48×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AA
AA
WELL
WELL
Operating Cash FlowLast quarter
$537.0M
Free Cash FlowOCF − Capex
$294.0M
FCF MarginFCF / Revenue
8.5%
Capex IntensityCapex / Revenue
7.0%
Cash ConversionOCF / Net Profit
2.52×
TTM Free Cash FlowTrailing 4 quarters
$567.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AA
AA
WELL
WELL
Q1 26
Q4 25
$537.0M
$654.3M
Q3 25
$85.0M
$858.4M
Q2 25
$488.0M
$770.0M
Q1 25
$75.0M
$599.0M
Q4 24
$415.0M
$559.2M
Q3 24
$143.0M
$685.0M
Q2 24
$287.0M
$605.4M
Free Cash Flow
AA
AA
WELL
WELL
Q1 26
Q4 25
$294.0M
$340.4M
Q3 25
$-66.0M
$595.3M
Q2 25
$357.0M
$537.2M
Q1 25
$-18.0M
$358.6M
Q4 24
$246.0M
$240.4M
Q3 24
$-3.0M
$443.8M
Q2 24
$123.0M
$440.3M
FCF Margin
AA
AA
WELL
WELL
Q1 26
Q4 25
8.5%
13.3%
Q3 25
-2.2%
28.9%
Q2 25
11.8%
27.3%
Q1 25
-0.5%
19.2%
Q4 24
7.1%
13.6%
Q3 24
-0.1%
29.4%
Q2 24
4.2%
31.6%
Capex Intensity
AA
AA
WELL
WELL
Q1 26
Q4 25
7.0%
12.3%
Q3 25
5.0%
12.8%
Q2 25
4.3%
11.8%
Q1 25
2.8%
12.9%
Q4 24
4.8%
18.1%
Q3 24
5.0%
16.0%
Q2 24
5.6%
11.8%
Cash Conversion
AA
AA
WELL
WELL
Q1 26
Q4 25
2.52×
5.56×
Q3 25
0.37×
3.04×
Q2 25
2.98×
2.53×
Q1 25
0.14×
2.33×
Q4 24
2.05×
4.52×
Q3 24
1.59×
1.50×
Q2 24
14.35×
2.32×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AA
AA

Aluminum$2.5B72%
Third Party Sales$979.0M28%

WELL
WELL

Resident fees and services$2.8B83%
Rental income$453.8M14%
Other$117.2M3%

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