BXP vs DOC vs WELL Stock Comparison

Bxp, Healthpeak Properties and Welltower Prices as of Oct 26, 2026 Peers: Industry group
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BXP BXP, Inc.
$62.26 -1.8% 1M -16.1% 1Y
Market cap
$9.71B
P/E
32.7x
Revenue (TTM)
$3.52B
Div. yield
–
Office REITs Real Estate
3 wins
WELL Welltower Inc.
$240.65 +4.1% 1M +35.2% 1Y
Market cap
$161.42B
P/E
106.6x
Revenue (TTM)
$13.79B
Div. yield
–
Healthcare REITs Real Estate
5 wins

Head to Head

10 decided of 12

Welltower leads on 5 of the 12 questions below (Welltower 5, Bxp 3, Healthpeak Properties 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBXPDOCWELLLeader
Larger companyMarket capitalisation $9.71B $13.13B $161.42B WELL
Cheaper on earningsLower P/E, profitable companies only 32.7x 54.1x 106.6x BXP
Cheaper on forward earningsLower price / next fiscal year consensus EPS 30.8x 40.3x 79.7x BXP
Faster revenue growthRevenue growth, trailing twelve months +1.9% +5.5% +39.2% WELL
More profitableNet margin, trailing twelve months 8.4% 8.2% — BXP
Better return on capitalReturn on invested capital — 1.4% — –
Less leveragedLower net debt / EBITDA 7.5x 3.8x — DOC
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -16.1% +3.2% +35.2% WELL
Better 5-year returnAnnualised price return, 5 years -11.6%/yr -11.5%/yr +24.0%/yr WELL
Less volatileAnnualised volatility, 1 year 28.2% 29.1% 22.7% WELL
Higher overall scoreMean of the five percentile scores vs peers 49/100 58/100 43/100 DOC

Percentile Scorecard

BXPDOCWELL

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

AxisBXPDOCWELL
Valuation 71 #43 of 145 53 #69 of 145 0 #145 of 145
Growth 43 #81 of 142 36 #91 of 142 100 #1 of 142
Profitability 64 #50 of 136 51 #67 of 136 69 #43 of 136
Financial Health 23 #108 of 139 65 #49 of 139 –
Shareholder Returns 46 #71 of 131 86 #19 of 131 2 #128 of 131
Overall 49 58 43
  • BXP ranked among 149 companies in Property REITs
  • DOC ranked among 149 companies in Property 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

PeriodBXPDOCWELLSPY
1 month -1.8%-4.6%+4.1% -0.8%
3 months -10.0%-14.0%-3.1% +3.5%
6 months +7.3%+19.5%+14.6% +7.0%
Year to date -7.7%+20.4%+29.7% +12.2%
1 year -16.1%+3.2%+35.2% +13.0%
3 years +18.8%+17.9%+195.8% +86.3%
3 years, per year +5.9%+5.6%+43.6% +23.1%
5 years -46.0%-45.7%+192.4% +68.6%
5 years, per year -11.6%-11.5%+24.0% +11.0%
10 years -49.3%-44.8%+245.3% +258.0%
10 years, per year -6.6%-5.8%+13.2% +13.6%

Risk

MeasureBXPDOCWELLSPY
Volatility, 1Y 28.2%29.1%22.7% 12.7%
Downside volatility, 1Y 29.8%25.3%23.8% 12.7%
Beta vs S&P 500, 1Y 0.670.38-0.06 1.00
Return / volatility, 1Y -0.570.111.55 1.02
Max drawdown, 5Y -64.5%-57.6%-41.6% -25.4%
From 52-week high -16.5%-15.2%-4.6% -1.8%
52-week high $74.53$22.83$252.22 $779.14
52-week low $51.02$15.78$176.96 $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.

MultipleBXPDOCWELL
P/E now vs peer median 33.4xmedian 27.4x 55.0xmedian 27.4x 106.6xmedian 27.4x
P/S now vs peer median 2.8xmedian 4.2x 4.5xmedian 4.2x 12.6xmedian 4.2x
EV/EBITDA now vs peer median 12.7xmedian 14.2x 13.5xmedian 14.2x —median 14.2x
P/FCF now vs peer median -99.1xmedian 23.2x -20.5xmedian 23.2x -10.7xmedian 23.2x
P/B now vs peer median 1.3xmedian 1.3x 1.4xmedian 1.3x 3.5xmedian 1.3x
PEG now vs peer median -1.42median 2.11 -1.92median 2.11 —median 2.11

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 monthsBXPDOCWELL
Revenue $3.52B $2.95B $13.79B
Gross profit $3.48B – –
Operating income $957.71M – –
Net income $408.55M $289.42M $1.75B
Free cash flow -$100.19M -$650.07M –
EPS (diluted) $1.86 $0.35 –
Cash & equivalents $493.95M $1.63B $2.27B
Total debt $14.64B $6.79B –
Shares (diluted) 159.63M 689.89M 737.96M
Enterprise value $6.37B $9.77B $161.42B

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
MetricBXPDOCWELL
P/E 33.4x 55.0x 106.6x
P/FCF -99.1x -20.5x -10.7x
P/Operating cash flow 7.7x 10.8x –
P/S 2.8x 4.5x 12.6x
P/B 1.3x 1.4x 3.5x
P/Tangible book 1.3x 1.5x 3.5x
EV/EBITDA 12.7x 13.5x –
EV/EBIT 25.1x 83.3x –
EV/Revenue 6.8x 6.3x 12.6x
EV/FCF -240.3x -28.5x –
EV/Operating cash flow 18.7x 15.0x –
PEG (3Y EPS CAGR) -1.42 -1.92 –

Growth

14 metrics
MetricBXPDOCWELL
Revenue growth (1Y) 1.9% 5.5% 39.2%
Revenue CAGR (3Y) 3.2% 11.7% 29.1%
Gross profit growth (1Y) 1.9% – –
Gross profit CAGR (3Y) 3.2% – –
Operating income growth (1Y) -3.4% – –
Operating income CAGR (3Y) -1.5% – –
Net income growth (1Y) 432.8% 50.4% 80.6%
Net income CAGR (3Y) -20.7% -19.7% 86.0%
EPS growth (1Y) 5,891% 49.2% –
EPS CAGR (3Y) -23.6% -28.6% –
Operating cash flow growth (1Y) 4.2% -1.1% –
Operating cash flow CAGR (3Y) 0.1% 10.1% –
Free cash flow growth (1Y) -303.9% -263.9% –
Free cash flow CAGR (3Y) 27.3% -85.6% –

Profitability

14 metrics
MetricBXPDOCWELL
Gross margin 99.0% – –
EBITDA margin 53.8% 46.3% –
Operating margin 27.2% – –
Pretax margin 10.2% 15.1% –
Net margin 8.4% 8.2% –
FCF margin -2.8% -22.0% –
Operating cash flow margin 36.5% 41.7% –
Return on equity 5.4% 3.0% 3.6%
Return on assets 1.6% 1.3% 2.4%
Return on invested capital – 1.4% –
Return on capital employed – – –
Asset turnover 0.1x 0.1x 0.2x
Cash conversion (OCF / net income) 3.1x 4.3x –
Stock comp / revenue 1.4% 0.6% –

Financial Health

11 metrics
MetricBXPDOCWELL
Debt / assets 58.2% 31.3% –
Debt / equity 1.9x 0.7x –
Net debt / EBITDA 7.5x 3.8x –
Debt / FCF -146.1x -10.4x –
Liabilities / assets 69.3% 56.3% 32.4%
Equity / assets 30.7% 43.7% 67.3%
Interest coverage 1.5x 1.4x –
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricBXPDOCWELL
Dividend yield 4.5% 6.2% 1.3%
Net buyback yield 0.0% 0.7% –
Shareholder yield 4.5% 7.0% 1.3%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
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.

ConsensusBXPDOCWELL
Forward P/E 30.8xFY2026 40.3xFY2026 79.7xFY2026
EPS, next fiscal year $2.02FY2026 $0.48FY2026 $3.02FY2026
EPS growth, next FY +16.1%FY2026 +380.0%FY2026 +117.3%FY2026
EPS growth, the year after -9.9% -52.1% +14.2%
Revenue, next fiscal year $3.35BFY2026 $2.86BFY2026 $13.49BFY2026
Revenue growth, next FY -3.8%FY2026 +3.7%FY2026 +24.5%FY2026
Revenue growth, the year after +14.8% +16.5% +16.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBXPDOCWELL
Held by institutions 100.0% 95.7% 98.3%
Institutions holding 548 759 1,584
Change in shares held, QoQ +5.2% -2.9% +5.6%
Institutions buying 295 341 879
Institutions selling 166 312 473
Buyers to sellers 1.78 1.09 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.

BXPDOCWELL
BXP 1.00 0.45 0.15
DOC 0.45 1.00 0.36
WELL 0.15 0.36 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BXP, DOC and WELL?

Welltower (WELL) is the largest by market capitalisation: Bxp (BXP) $9.71B, Healthpeak Properties (DOC) $13.13B, Welltower (WELL) $161.42B.

Which stock is cheaper, BXP, DOC and WELL?

Bxp (BXP) trades on the lowest price-to-earnings ratio (Bxp (BXP) 32.7x, Healthpeak Properties (DOC) 54.1x, Welltower (WELL) 106.6x). On next year's consensus earnings, Bxp (BXP) is cheapest (Bxp (BXP) 30.8x, Healthpeak Properties (DOC) 40.3x, Welltower (WELL) 79.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Welltower (WELL) grew revenue fastest over the trailing twelve months: Bxp (BXP) +1.9%, Healthpeak Properties (DOC) +5.5%, Welltower (WELL) +39.2%.

Which company is more profitable?

Bxp (BXP) has the highest net margin (Bxp (BXP) 8.4%, Healthpeak Properties (DOC) 8.2%).

Which stock has performed better?

Over the past year Welltower (WELL) returned the most: Bxp (BXP) -16.1%, Healthpeak Properties (DOC) +3.2%, Welltower (WELL) +35.2%. Over five years, Welltower (WELL) compounded fastest (Bxp (BXP) -11.6%/yr, Healthpeak Properties (DOC) -11.5%/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 (Bxp (BXP) 28.2%, Healthpeak Properties (DOC) 29.1%, Welltower (WELL) 22.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BXP, DOC 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, Welltower (WELL) leads on 5. 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.