Welltower (FRA:HCW) EBIT: €323 Mil (TTM As of Mar. 2026)


FRA:HCW Welltower Inc FRA:HCW
85 GF Score
Price €190.45
GF Value €156.15
Valuation Modestly Overvalued
! 11 Warning Signs
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What is Welltower EBIT?

Welltower FRA:HCW +3.03% 85 EBIT is €323 Mil as of Mar. 2026. GuruFocus rates FRA:HCW with a GF Score™ of 85/100 and a GF Value™ of €156.15 (Modestly Overvalued). The stock has 11 warning signs investors should review.

Welltower's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €465 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €323 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Welltower's annualized ROC % for the quarter that ended in Mar. 2026 was 3.59%. Welltower's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 82.75%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Welltower's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 0.22%.


Welltower  (FRA:HCW) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Welltower's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=1932.148 * ( 1 - 3.37% )/( (52021.512 + 52081.941)/ 2 )
=1867.0346124/52051.7265
=3.59 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=57476.802 - 1156.529 - ( 4298.761 - max(0, 1584.75 - 8464.951+4298.761))
=52021.512

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=58145.781 - 1995.075 - ( 4068.765 - max(0, 1995.075 - 8647.991+4068.765))
=52081.941

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Welltower's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1861.336/( ( (1842.97 + max(592.326, 0)) + (1750.039 + max(313.211, 0)) )/ 2 )
=1861.336/( ( 2435.296 + 2063.25 )/ 2 )
=1861.336/2249.273
=82.75 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2026.891 + 0 + 150.185) - (1156.529 + 428.22 + 0.00099999999997635)
=592.326

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2208.363 + 0 + 99.923000000001) - (1995.075 + 0 + 0)
=313.211

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Welltower's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=323.471/148828.122
=0.22 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Welltower EBIT Related Terms


Welltower EBIT Historical Data

* Premium members only.

The historical data trend for Welltower's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Welltower EBIT Chart

Welltower Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 584.63 663.24 878.39 1,049.26 146.83

Welltower Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 317.89 380.93 387.80 -910.59 465.33

FRA:HCW vs VTR, OHI, DOC: EBIT Comparison

For the REIT - Healthcare Facilities subindustry, Welltower's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Welltower EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Welltower's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Welltower's EV-to-EBIT falls into.


FRA:HCW
85GF Score
Welltower Inc FRA:HCW
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Welltower EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €323 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €323 Mil mean?
Welltower (FRA:HCW) has a EBIT of €323 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Welltower.
Is Welltower's EBIT too high?
Welltower's current EBIT is €323 Mil. Overall, Welltower has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Welltower's EBIT compare to VTR and OHI?
Welltower's EBIT of €323 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a REITs company?
A good EBIT depends on the REITs industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Welltower. Welltower's current EBIT is €323 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Welltower stock overvalued right now?
Based on GuruFocus' analysis, Welltower (FRA:HCW) is currently considered Modestly Overvalued. The stock's GF Value™ is €156.15, compared to a current price of €190.45 — trading 22% above its estimated fair value. The current EBIT is €323 Mil. Welltower's overall GF Score™ is 85/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Welltower (FRA:HCW), the current EBIT is €323 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Welltower (FRA:HCW) Overvalued in 2026?

Based on GuruFocus' analysis, Welltower stock appears to be overvalued. The current stock price of €190.45 is trading 22% above its estimated GF Value™ of €156.15. GuruFocus considers Welltower to be Modestly Overvalued.

Key valuation signals for FRA:HCW:

  • EBIT: €323 Mil
  • GF Value™: €156.15 vs. price of €190.45 (22% above fair value)
  • GF Score™: 85/100 with 11 warning signs

No single metric tells the full story. See the FRA:HCW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Welltower Business Description

Industry Real EstateREITs
Address 4500 Dorr Street, Toledo, OH, USA, 43615
Welltower owns a diversified healthcare portfolio of 2,800 in-place properties spread across the senior housing, medical office, and skilled nursing/postacute care sectors. The portfolio includes over 900 properties in Canada and the United Kingdom as the company looks for additional investment opportunities in countries with mature healthcare systems that operate similarly to that of the United States.
85GF Score

Get the complete analysis for FRA:HCW

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€190.45
Price
€156.15
GF Value