National Health Investors, Inc. (NHI)

National Health Investors Financials Overview

Financials in millions USD. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	435.78	379.29	335.58	320.39	278.76	297.17
Revenue Growth	24.99%	13.03%	4.74%	14.93%	-6.19%	-9.86%
Net Income Net Income Growth	166.53	141.98	137.87	135.6	66.4	111.8
Earnings Per Share EPS Growth	3.46	3.02	3.13	3.13	1.48	2.44
EPS Growth	10.42%	-3.51%	0.15%	111.16%	-39.34%	-41.06%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Rental Income Rental Income Growth	277	271.6	257.05	249.23	217.7	271.05
Resident Fees and Services Resident Fees and Services Growth	133.75	80.06	54.42	48.81	35.8	-
Revenue from Interest and Other Income Revenue from Interest and Other Income Growth	21.37	23.97	23.71	21.8	24.7	27.67
Revenue (Total) Revenue (Total) Growth	432.12	375.63	335.18	319.84	278.19	138.35

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	30.39	19.62	24.29	22.35	19.29	37.41
Total Debt Total Debt Growth	1,278	1,166	1,148	1,137	1,148	1,243
Net Cash (Debt) Net Cash Growth	-1,248	-1,146	-1,123	-1,114	-1,128	-1,205
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-25.92	-24.35	-25.47	-25.68	-25.19	-26.36

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	248.68	236.56	207.77	184.45	185.34	210.86
Free Cash Flow Free Cash Flow Growth	248.68	236.56	207.77	184.45	185.34	210.86
Free Cash Flow Growth	17.03%	13.86%	12.64%	-0.48%	-12.10%	-9.17%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Margin	45.56%	51.63%	56.29%	55.88%	51.56%	62.12%
Pretax Margin	38.12%	37.12%	40.72%	41.94%	23.50%	37.68%
Profit Margin	38.21%	37.43%	41.08%	42.32%	23.82%	37.62%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	3.760	3.640	3.600	3.600	3.600	3.803
Dividend Per Share Growth	2.21%	1.11%	0%	0%	-5.33%	-13.78%
Dividend Yield	5.22%	4.88%	5.58%	7.29%	8.36%	8.54%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	20.79	25.63	22.83	17.88	34.12	23.57
PS Ratio	8.12	9.59	9.38	7.57	8.13	8.87

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Aug 10, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Aug 28, 2026

Data Sources Report a data error