Omega Healthcare Investors, Inc. (OHI) vs Welltower Inc. (WELL)

Omega Healthcare Investors, Inc. and Welltower Inc. are both Reit Healthcare Facilities companies. Welltower Inc. is the larger, with a market value of $160.8B against $13.4B — 12.0× the size. Omega Healthcare Investors, Inc. trades at the lower P/E: 15.7× against 102×. Welltower Inc. grew revenue faster over the last twelve months: 37.6% against 15.0%. Omega Healthcare Investors, Inc. has the higher net margin (68.5% vs 12.2%) and the higher return on invested capital (9.08% vs 0.54%). Both pay a dividend; Omega Healthcare Investors, Inc. yields more (6.05% vs 1.36%). Across the 23 metrics below, Omega Healthcare Investors, Inc. leads on 20 and Welltower Inc. on 3.

Valuation

Metric OHI WELL Reit Healthcare Facilities median
P/E 15.70 101.50 22.66
P/S 10.36 12.59 5.18
P/B 2.35 3.39 1.80
Price to free cash flow 15.96 17.36 17.10
EV/EBITDA 11.59 57.76 15.38
EV/Sales 10.22 13.81 8.25
Earnings yield 6.37% 0.99% 2.78%
Free cash flow yield 6.27% 5.76% 3.52%

Profitability

Metric OHI WELL Reit Healthcare Facilities median
Gross margin 100.00% 39.56% 92.10%
Operating margin 61.94% 4.24% 21.06%
Net margin 68.52% 12.15% 10.19%
Free cash flow margin 64.92% 72.52% 7.91%
Return on equity 16.22% 3.71% 4.06%
Return on assets 8.54% 2.47% 2.10%
Return on invested capital 9.08% 0.54% 1.96%

Growth

Metric OHI WELL Reit Healthcare Facilities median
Revenue growth (TTM) 15.02% 37.57% 15.71%
EPS growth (last fiscal year) 25.16% (11.46%) 23.38%
Revenue growth, 5-year CAGR 5.93% 18.67% 9.60%
Net income growth, 5-year CAGR 29.99% (0.87%) 0.00%

Health

Metric OHI WELL Reit Healthcare Facilities median
Debt to equity 0.00 0.37 0.84
Current ratio 6.03 3.16 3.05
Net debt to EBITDA 4.03 5.68 5.50

Dividend

Metric OHI WELL Reit Healthcare Facilities median
Dividend yield 6.05% 1.36% 5.71%
Payout ratio 0.96 1.41 1.41

Size

Metric OHI WELL Reit Healthcare Facilities median
Market cap 13.37b 160.75b 3.99b

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