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Welltower vs Prologis: WELL and PLD compared
Welltower is the larger company: $3.7B of revenue in its latest quarter (Q3 2026) against $2.3B for Prologis (Q1 2026). Welltower is growing faster (+38% against +7% a year earlier). Prologis is more profitable, with an operating margin of 52.7% against 9.1%.
Where the money goes: WELL and PLD
Welltower (WELL) · Q3 2026
Welltower, Q3 2026: revenue $3.7B (+38% year over year), operating margin 9.1%, net earnings $397M, operating cash flow $1.0B. The chart follows the revenue to costs, profit and cash.
Prologis (PLD) · Q1 2026
Prologis, Q1 2026: revenue $2.3B (+7% year over year), operating margin 52.7%, net earnings $982M, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| Welltower (WELL) | Prologis (PLD) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 2026 |
| Revenue | $3.7B | $2.3B |
| Revenue growth, Y/Y | +38% | +7% |
| Operating margin | 9.1% | 52.7% |
| Net earnings | $397M | $982M |
| Net margin | 10.7% | 42.7% |
| Operating cash flow | $1.0B | $1.3B |
| Free cash flow | $655M | $524M |
| Market value | $185.3B | $122.2B |
| P/E | 106.7× | 30.8× |
| Analysts’ mean target | $261.64 | $152.07 |
Questions
Which is bigger, Welltower or Prologis?
Welltower is the larger company: $3.7B of revenue in its latest quarter (Q3 2026) against $2.3B for Prologis (Q1 2026).
Is Welltower or Prologis growing faster?
Welltower is growing faster (+38% against +7% a year earlier).
Which is more profitable, Welltower or Prologis?
Prologis is more profitable, with an operating margin of 52.7% against 9.1%.
More: Welltower earnings · how Welltower makes money · Prologis earnings · how Prologis makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 27, 2026; 10-Q filed Apr 30, 2026). Fiscal quarters can end on different dates. Not investment advice.