AD vs AMT vs WELL Stock Comparison

Array Digital Infrastructure, American Tower and Welltower Prices as of Oct 23, 2026 Peers: Industry group
WELL Welltower Inc.
$237.40 +3.3% 1M +34.8% 1Y
Market cap
$170.43B
P/E
109.9x
Revenue (TTM)
$12.76B
Div. yield
–
Healthcare REITs Real Estate
5 wins

Head to Head

11 decided of 12

Array Digital Infrastructure leads on 6 of the 12 questions below (Array Digital Infrastructure 6, Welltower 5). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionADAMTWELLLeader
Larger companyMarket capitalisation $2.89B $87.68B $170.43B WELL
Cheaper on earningsLower P/E, profitable companies only 5.4x 25.8x 109.9x AD
Cheaper on forward earningsLower price / next fiscal year consensus EPS 5.3x 28.0x 78.3x AD
Faster revenue growthRevenue growth, trailing twelve months +98.9% +6.6% +37.6% AD
More profitableNet margin, trailing twelve months 250.8% 31.1% 12.1% AD
Better return on capitalReturn on invested capital 19.3% 9.2% -12.6% AD
Less leveragedLower net debt / EBITDA 0.5x 5.1x -2.2x WELL
Higher dividend yieldTrailing dividend yield -0.05% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -32.0% -0.7% +34.8% WELL
Better 5-year returnAnnualised price return, 5 years +1.3%/yr -7.9%/yr +24.0%/yr WELL
Less volatileAnnualised volatility, 1 year 45.8% 28.5% 22.8% WELL
Higher overall scoreMean of the five percentile scores vs peers 61/100 56/100 38/100 AD

Percentile Scorecard

ADAMTWELL

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisADAMTWELL
Valuation 20 #9 of 11 30 #8 of 11 0 #145 of 145
Growth 67 #4 of 10 89 #2 of 10 78 #33 of 144
Profitability 56 #5 of 10 67 #4 of 10 18 #115 of 140
Financial Health 100 #1 of 11 40 #7 of 11 97 #6 of 146
Shareholder Returns – – 0 #132 of 132
Overall 61 56 38
  • AD ranked among 11 companies in Infrastructure REITs
  • AMT ranked among 11 companies in Infrastructure REITs
  • WELL ranked among 149 companies in Property REITs

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodADAMTWELLSPY
1 month -4.0%+10.6%+3.3% -1.0%
3 months -4.0%+13.4%-5.9% +2.9%
6 months -30.4%+6.0%+13.7% +6.4%
Year to date -37.4%+7.6%+27.9% +11.4%
1 year -32.0%-0.7%+34.8% +13.1%
3 years -20.3%+15.8%+181.6% +79.4%
3 years, per year -7.3%+5.0%+41.3% +21.5%
5 years +6.6%-33.6%+192.9% +67.7%
5 years, per year +1.3%-7.9%+24.0% +10.9%
10 years -6.1%+63.3%+236.7% +255.2%
10 years, per year -0.6%+5.0%+12.9% +13.5%

Risk

MeasureADAMTWELLSPY
Volatility, 1Y 45.8%28.5%22.8% 12.7%
Downside volatility, 1Y 57.9%28.7%23.8% 12.7%
Beta vs S&P 500, 1Y 0.23-0.06-0.05 1.00
Return / volatility, 1Y -0.70-0.021.53 1.03
Max drawdown, 5Y -57.5%-46.1%-41.6% -25.4%
From 52-week high -44.4%-2.7%-5.9% -2.5%
52-week high $60.28$194.12$252.22 $779.14
52-week low $32.72$161.11$176.06 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleADAMTWELL
P/E now vs peer median 5.4xmedian 24.1x 25.9xmedian 24.1x 108.7xmedian 27.0x
P/S now vs peer median 13.6xmedian 6.3x 8.0xmedian 6.3x 13.4xmedian 4.1x
EV/EBITDA now vs peer median 5.6xmedian 16.7x 17.7xmedian 16.7x -33.3xmedian 14.5x
P/FCF now vs peer median -8.6xmedian 18.0x 22.2xmedian 18.0x -10.9xmedian 23.7x
P/B now vs peer median 2.3xmedian 2.3x 8.6xmedian 2.3x 3.6xmedian 1.3x
PEG now vs peer median 0.03median 0.71 0.50median 0.71 1.01median 2.07

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsADAMTWELL
Revenue $213.53M $10.94B $12.76B
Gross profit $124.63M $10.78B $5.05B
Operating income $515.33M $4.90B -$8.03B
Net income $539.97M $3.52B $1.62B
Free cash flow -$338.11M $3.96B -$15.64B
EPS (diluted) $6.19 $7.29 $2.10
Cash & equivalents $416.44M $1.76B $1.97B
Total debt $4.87B $37.19B $65.46B
Shares (diluted) 86.51M 466.27M 737.96M
Enterprise value $1.78B $80.88B $151.92B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricADAMTWELL
P/E 5.4x 25.9x 108.7x
P/FCF -8.6x 22.2x -10.9x
P/Operating cash flow -9.6x 15.2x 53.7x
P/S 13.6x 8.0x 13.4x
P/B 2.3x 8.6x 3.6x
P/Tangible book -9.0x -23.6x 3.6x
EV/EBITDA 5.6x 17.7x -33.3x
EV/EBIT 6.1x 25.2x -22.8x
EV/Revenue 14.8x 11.3x 14.4x
EV/FCF -9.3x 31.2x -11.7x
EV/Operating cash flow -10.4x 21.4x 57.6x
PEG (3Y EPS CAGR) 0.03 0.50 1.01

Growth

14 metrics
MetricADAMTWELL
Revenue growth (1Y) 98.9% 6.6% 37.6%
Revenue CAGR (3Y) -62.6% 5.4% 27.1%
Gross profit growth (1Y) 275.2% 6.5% 37.2%
Gross profit CAGR (3Y) -61.4% 5.2% 27.2%
Operating income growth (1Y) 317.3% 4.9% -66.9%
Operating income CAGR (3Y) 205.9% 20.1% -31.1%
Net income growth (1Y) 2,476% 164.5% 41.4%
Net income CAGR (3Y) 207.2% 58.7% 129.2%
EPS growth (1Y) 2,291% 164.5% 24.3%
EPS CAGR (3Y) 197.0% 52.1% 107.4%
Operating cash flow growth (1Y) -135.6% 10.1% 21.9%
Operating cash flow CAGR (3Y) -35.2% 9.5% 31.5%
Free cash flow growth (1Y) -131.0% 5.8% -220.4%
Free cash flow CAGR (3Y) -152.5% 18.2% -138.2%

Profitability

14 metrics
MetricADAMTWELL
Gross margin 58.4% 98.5% 39.5%
EBITDA margin 265.4% 63.7% -43.2%
Operating margin 241.3% 44.8% -62.9%
Pretax margin 373.7% 36.0% -17.6%
Net margin 250.8% 31.1% 12.1%
FCF margin -158.3% 36.2% -122.6%
Operating cash flow margin -141.8% 52.8% 25.0%
Return on equity 35.6% 34.5% 3.5%
Return on assets 15.2% 5.6% 2.4%
Return on invested capital 19.3% 9.2% -12.6%
Return on capital employed 16.1% 9.0% –
Asset turnover 0.1x 0.2x 0.2x
Cash conversion (OCF / net income) -0.6x 1.6x 2.0x
Stock comp / revenue 0.3% 1.5% 12.2%

Financial Health

11 metrics
MetricADAMTWELL
Debt / assets 20.0% 58.8% 20.5%
Debt / equity 0.5x 3.6x 0.3x
Net debt / EBITDA 0.5x 5.1x -2.2x
Debt / FCF -2.0x 9.4x -0.9x
Liabilities / assets 62.3% 83.8% 32.1%
Equity / assets 37.7% 16.2% 67.9%
Interest coverage 13.3x 3.5x –
Current ratio 1.0x 0.4x –
Quick ratio 0.9x 0.3x –
Cash ratio 0.9x 0.2x –
Altman Z-score 1.17 1.20 –

Shareholder Returns

7 metrics
MetricADAMTWELL
Dividend yield 63.4% 3.7% 1.3%
Net buyback yield – 0.2% -5.5%
Shareholder yield 63.4% 3.9% -4.2%
Payout ratio (earnings) 27.8% – –
Payout ratio (FCF) -44.4% – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusADAMTWELL
Forward P/E 5.3xFY2026 28.0xFY2026 78.3xFY2026
EPS, next fiscal year $6.38FY2026 $6.75FY2026 $3.03FY2026
EPS growth, next FY +1,039.3%FY2026 +25.0%FY2026 +118.0%FY2026
EPS growth, the year after -81.8% -0.3% +14.2%
Revenue, next fiscal year $220.29MFY2026 $11.51BFY2026 $13.51BFY2026
Revenue growth, next FY +35.2%FY2026 +8.2%FY2026 +24.6%FY2026
Revenue growth, the year after -1.4% +4.0% +16.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersADAMTWELL
Held by institutions 20.6% 94.4% 98.3%
Institutions holding 140 1,743 1,584
Change in shares held, QoQ -7.9% +2.5% +5.6%
Institutions buying 69 860 879
Institutions selling 46 657 473
Buyers to sellers 1.50 1.31 1.86

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ADAMTWELL
AD 1.00 0.16 0.06
AMT 0.16 1.00 0.22
WELL 0.06 0.22 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AD, AMT and WELL?

Welltower (WELL) is the largest by market capitalisation: Array Digital Infrastructure (AD) $2.89B, American Tower (AMT) $87.68B, Welltower (WELL) $170.43B.

Which stock is cheaper, AD, AMT and WELL?

Array Digital Infrastructure (AD) trades on the lowest price-to-earnings ratio (Array Digital Infrastructure (AD) 5.4x, American Tower (AMT) 25.8x, Welltower (WELL) 109.9x). On next year's consensus earnings, Array Digital Infrastructure (AD) is cheapest (Array Digital Infrastructure (AD) 5.3x, American Tower (AMT) 28.0x, Welltower (WELL) 78.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Array Digital Infrastructure (AD) grew revenue fastest over the trailing twelve months: Array Digital Infrastructure (AD) +98.9%, American Tower (AMT) +6.6%, Welltower (WELL) +37.6%.

Which company is more profitable?

Array Digital Infrastructure (AD) has the highest net margin (Array Digital Infrastructure (AD) 250.8%, American Tower (AMT) 31.1%, Welltower (WELL) 12.1%). On return on invested capital, Array Digital Infrastructure (AD) leads (Array Digital Infrastructure (AD) 19.3%, American Tower (AMT) 9.2%, Welltower (WELL) -12.6%).

Which stock has performed better?

Over the past year Welltower (WELL) returned the most: Array Digital Infrastructure (AD) -32.0%, American Tower (AMT) -0.7%, Welltower (WELL) +34.8%. Over five years, Welltower (WELL) compounded fastest (Array Digital Infrastructure (AD) +1.3%/yr, American Tower (AMT) -7.9%/yr, Welltower (WELL) +24.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Welltower (WELL) has been the steadiest (Array Digital Infrastructure (AD) 45.8%, American Tower (AMT) 28.5%, Welltower (WELL) 22.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AD, AMT and WELL?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Array Digital Infrastructure (AD) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.