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NHI (National Health Investors, Inc.) Stock Financials & Earnings | Market Cap Arena
NHI
National Health Investors, Inc.
Mkt Cap
$4B
Real Estate
·
REIT - Healthcare Facilities
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$376M
Net Income (TTM)
$142M
EPS (TTM)
$3.02
Free Cash Flow (TTM)
$222M
Gross Margin
79.0%
Op. Margin
50.7%
Net Margin
37.8%
FCF Margin
59.0%
P/S Ratio (TTM)
11.1x
P/E Ratio (TTM)
29.5x
YoY Rev Growth
+12.3%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$82M
$80M
$46M
Q2 23
$78M
$75M
$43M
Q3 23
$80M
$77M
$45M
Q4 23
$79M
$77M
$45M
Q1 24
$82M
$79M
$45M
Q2 24
$85M
$82M
$49M
Q3 24
$83M
$80M
$47M
Q4 24
$86M
$83M
$43M
Q1 25
$89M
$86M
$48M
Q2 25
$91M
$88M
$49M
Q3 25
$90M
$87M
$44M
Q4 25
$107M
$36M
$50M
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Revenue Breakdown
NHI
National Health Investors, Inc.
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
14.5x
45.4x
Q2 23
13.7x
37.9x
Q3 23
13.5x
39.8x
Q4 23
13.1x
30.9x
Q1 24
13.2x
31.8x
Q2 24
12.9x
32.9x
Q3 24
12.8x
33.1x
Q4 24
12.5x
30.4x
Q1 25
12.2x
29.7x
Q2 25
12.0x
29.4x
Q3 25
11.8x
28.5x
Q4 25
11.1x
29.5x
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Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$31M
$29M
Q2 23
$50M
$48M
Q3 23
$50M
$49M
Q4 23
$53M
$52M
Q1 24
$41M
$39M
Q2 24
$61M
$58M
Q3 24
$49M
$49M
Q4 24
$58M
$57M
Q1 25
$46M
$46M
Q2 25
$61M
$59M
Q3 25
$63M
$58M
Q4 25
$69M
$59M
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Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$2M
Q2 23
$2M
Q3 23
$1M
Q4 23
$1M
Q1 24
$2M
Q2 24
$3M
Q3 24
$0
Q4 24
$518K
Q1 25
$0
Q2 25
$3M
Q3 25
$5M
Q4 25
$10M
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OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+15.5%
+14.3%
Q2 23
+30.0%
+2.0%
Q3 23
+5.0%
+2.3%
Q4 23
+12.4%
+0.0%
Q1 24
-1.1%
+0.7%
Q2 24
+9.1%
+1.3%
Q3 24
+3.5%
+4.2%
Q4 24
+7.9%
+23.4%
Q1 25
+9.5%
+14.3%
Q2 25
+6.7%
+17.3%
Q3 25
+8.3%
+25.6%
Q4 25
+24.2%
+31.4%
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Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$2M
2.6%
Q2 23
$769K
1.0%
Q3 23
$866K
1.1%
Q4 23
$865K
1.1%
Q1 24
$0
0.0%
Q2 24
$0
0.0%
Q3 24
$670K
0.8%
Q4 24
$670K
0.8%
Q1 25
$3M
2.9%
Q2 25
$0
0.0%
Q3 25
$0
0.0%
Q4 25
$0
0.0%
marketcaparena.com
OpEx Breakdown
G&A
Quarter
G&A
Q1 23
$6M
Q2 23
$4M
Q3 23
$4M
Q4 23
$5M
Q1 24
$6M
Q2 24
$5M
Q3 24
$5M
Q4 24
$6M
Q1 25
$8M
Q2 25
$7M
Q3 25
$6M
marketcaparena.com
Revenue Segments
Real Estate Investment Segment
Senior Housing Operating Portfolio
Quarter
Real Estate Investment Segment
Senior Housing Operating Portfolio
Q1 23
$71M
$12M
Q2 23
$66M
$12M
Q3 23
$68M
$12M
Q4 23
$66M
$13M
Q1 24
$68M
$13M
Q2 24
$72M
$13M
Q3 24
$69M
$14M
Q1 25
$75M
$14M
Q2 25
$76M
$14M
Q3 25
$69M
$21M
Q4 25
$75M
$31M
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War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$14M
$0
$14M
Q2 23
$17M
$0
$17M
Q3 23
$17M
$0
$17M
Q4 23
$22M
$0
$22M
Q1 24
$11M
$0
$11M
Q2 24
$15M
$0
$15M
Q3 24
$16M
$0
$16M
Q4 24
$24M
$0
$24M
Q1 25
$135M
$0
$135M
Q2 25
$19M
$0
$19M
Q3 25
$82M
$0
$82M
Q4 25
$20M
$0
$20M
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Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
43M
-0.0%
Q2 23
43M
-0.0%
Q3 23
43M
+0.0%
Q4 23
43M
+0.0%
Q1 24
43M
+0.1%
Q2 24
44M
+0.3%
Q3 24
44M
+1.0%
Q4 24
45M
+3.3%
Q1 25
46M
+1.0%
Q2 25
47M
+2.1%
Q3 25
48M
+1.7%
Q4 25
47M
-1.2%
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Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$2M
100
FY 15
$2M
100
FY 16
$2M
100
FY 17
$3M
100
FY 18
$3M
100
FY 19
$3M
100
FY 20
$18M
19
FY 21
$16M
19
FY 22
$11M
25
FY 23
$12M
26
FY 24
$11M
30
FY 25
$12M
32
marketcaparena.com