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

Welltower is the larger business by last-quarter revenue ($3.4B vs $2.0B, roughly 1.7× Ametek). Welltower runs the higher net margin — 22.4% vs 19.9%, a 2.5% gap on every dollar of revenue. On growth, Welltower posted the faster year-over-year revenue change (38.3% vs 13.4%). Over the past eight quarters, Welltower's revenue compounded faster (55.1% CAGR vs 7.3%).

AMETEK, Inc. is an American multinational conglomerate and global designer and manufacturer of electronic instruments and electromechanical devices with headquarters in the United States and over 150 sites worldwide.

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.

AME vs WELL — Head-to-Head

Bigger by revenue
WELL
WELL
1.7× larger
WELL
$3.4B
$2.0B
AME
Growing faster (revenue YoY)
WELL
WELL
+24.9% gap
WELL
38.3%
13.4%
AME
Higher net margin
WELL
WELL
2.5% more per $
WELL
22.4%
19.9%
AME
Faster 2-yr revenue CAGR
WELL
WELL
Annualised
WELL
55.1%
7.3%
AME

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AME
AME
WELL
WELL
Revenue
$2.0B
$3.4B
Net Profit
$398.6M
$752.3M
Gross Margin
36.0%
Operating Margin
25.3%
Net Margin
19.9%
22.4%
Revenue YoY
13.4%
38.3%
Net Profit YoY
2.9%
192.4%
EPS (diluted)
$1.73

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
AME
AME
WELL
WELL
Q1 26
$3.4B
Q4 25
$2.0B
$2.6B
Q3 25
$1.9B
$2.1B
Q2 25
$1.8B
$2.0B
Q1 25
$1.7B
$1.9B
Q4 24
$1.8B
$1.8B
Q3 24
$1.7B
$1.5B
Q2 24
$1.7B
$1.4B
Net Profit
AME
AME
WELL
WELL
Q1 26
$752.3M
Q4 25
$398.6M
$117.8M
Q3 25
$371.4M
$282.2M
Q2 25
$358.4M
$304.6M
Q1 25
$351.8M
$257.3M
Q4 24
$387.3M
$123.8M
Q3 24
$340.2M
$456.8M
Q2 24
$337.7M
$260.7M
Gross Margin
AME
AME
WELL
WELL
Q1 26
Q4 25
36.0%
24.3%
Q3 25
36.3%
23.5%
Q2 25
35.8%
23.2%
Q1 25
36.1%
21.6%
Q4 24
36.6%
20.0%
Q3 24
36.0%
19.8%
Q2 24
36.0%
20.2%
Operating Margin
AME
AME
WELL
WELL
Q1 26
Q4 25
25.3%
Q3 25
25.8%
14.2%
Q2 25
26.0%
15.1%
Q1 25
26.3%
10.7%
Q4 24
26.6%
6.2%
Q3 24
26.1%
12.2%
Q2 24
25.8%
6.5%
Net Margin
AME
AME
WELL
WELL
Q1 26
22.4%
Q4 25
19.9%
4.6%
Q3 25
19.6%
13.7%
Q2 25
20.2%
15.5%
Q1 25
20.3%
13.8%
Q4 24
22.0%
7.0%
Q3 24
19.9%
30.2%
Q2 24
19.5%
18.7%
EPS (diluted)
AME
AME
WELL
WELL
Q1 26
Q4 25
$1.73
$0.13
Q3 25
$1.60
$0.41
Q2 25
$1.55
$0.45
Q1 25
$1.52
$0.40
Q4 24
$1.67
$0.20
Q3 24
$1.47
$0.73
Q2 24
$1.45
$0.42

Balance Sheet & Financial Strength

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

Metric
AME
AME
WELL
WELL
Cash + ST InvestmentsLiquidity on hand
$458.0M
$4.7B
Total DebtLower is stronger
$2.3B
Stockholders' EquityBook value
$10.6B
$44.7B
Total Assets
$16.1B
$67.2B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AME
AME
WELL
WELL
Q1 26
$4.7B
Q4 25
$458.0M
$5.0B
Q3 25
$439.2M
$6.8B
Q2 25
$619.7M
$4.4B
Q1 25
$399.0M
$3.5B
Q4 24
$374.0M
$3.5B
Q3 24
$396.3M
$3.6B
Q2 24
$396.6M
$2.8B
Total Debt
AME
AME
WELL
WELL
Q1 26
Q4 25
$2.3B
$19.2B
Q3 25
$16.9B
Q2 25
$16.0B
Q1 25
$15.7B
Q4 24
$2.1B
$15.5B
Q3 24
$15.8B
Q2 24
$13.9B
Stockholders' Equity
AME
AME
WELL
WELL
Q1 26
$44.7B
Q4 25
$10.6B
$42.1B
Q3 25
$10.5B
$38.8B
Q2 25
$10.4B
$35.9B
Q1 25
$10.0B
$34.0B
Q4 24
$9.7B
$32.0B
Q3 24
$9.6B
$30.3B
Q2 24
$9.3B
$29.0B
Total Assets
AME
AME
WELL
WELL
Q1 26
$67.2B
Q4 25
$16.1B
$67.3B
Q3 25
$16.2B
$59.5B
Q2 25
$15.3B
$55.8B
Q1 25
$14.9B
$53.3B
Q4 24
$14.6B
$51.0B
Q3 24
$14.8B
$49.0B
Q2 24
$14.8B
$45.5B
Debt / Equity
AME
AME
WELL
WELL
Q1 26
Q4 25
0.21×
0.46×
Q3 25
0.43×
Q2 25
0.44×
Q1 25
0.46×
Q4 24
0.22×
0.49×
Q3 24
0.52×
Q2 24
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
AME
AME
WELL
WELL
Operating Cash FlowLast quarter
$584.3M
Free Cash FlowOCF − Capex
$527.3M
FCF MarginFCF / Revenue
26.4%
Capex IntensityCapex / Revenue
2.9%
Cash ConversionOCF / Net Profit
1.47×
TTM Free Cash FlowTrailing 4 quarters
$1.7B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AME
AME
WELL
WELL
Q1 26
Q4 25
$584.3M
$654.3M
Q3 25
$440.9M
$858.4M
Q2 25
$359.1M
$770.0M
Q1 25
$417.5M
$599.0M
Q4 24
$550.0M
$559.2M
Q3 24
$487.2M
$685.0M
Q2 24
$381.4M
$605.4M
Free Cash Flow
AME
AME
WELL
WELL
Q1 26
Q4 25
$527.3M
$340.4M
Q3 25
$420.0M
$595.3M
Q2 25
$329.8M
$537.2M
Q1 25
$394.5M
$358.6M
Q4 24
$498.3M
$240.4M
Q3 24
$460.9M
$443.8M
Q2 24
$360.0M
$440.3M
FCF Margin
AME
AME
WELL
WELL
Q1 26
Q4 25
26.4%
13.3%
Q3 25
22.2%
28.9%
Q2 25
18.5%
27.3%
Q1 25
22.8%
19.2%
Q4 24
28.3%
13.6%
Q3 24
27.0%
29.4%
Q2 24
20.8%
31.6%
Capex Intensity
AME
AME
WELL
WELL
Q1 26
Q4 25
2.9%
12.3%
Q3 25
1.1%
12.8%
Q2 25
1.6%
11.8%
Q1 25
1.3%
12.9%
Q4 24
2.9%
18.1%
Q3 24
1.5%
16.0%
Q2 24
1.2%
11.8%
Cash Conversion
AME
AME
WELL
WELL
Q1 26
Q4 25
1.47×
5.56×
Q3 25
1.19×
3.04×
Q2 25
1.00×
2.53×
Q1 25
1.19×
2.33×
Q4 24
1.42×
4.52×
Q3 24
1.43×
1.50×
Q2 24
1.13×
2.32×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AME
AME

Transferred At Point In Time$1.1B54%
Electronic Instruments Group$620.1M31%
Transferred Over Time$294.6M15%

WELL
WELL

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

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