National Health Investors, Inc. (NHI)
NYSE: NHI · Real-Time Price · USD
75.30
-0.08 (-0.11%)
Aug 7, 2026, 4:00 PM EDT - Market closed

National Health Investors Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
401.46375.63335.18319.84278.19138.35
Revenue Growth
17.06%12.07%4.80%14.97%101.08%5.03%
Gross Profit
312.32303.72281.77268.74240.21-2.02
Operating Income
198.56194.04183.2177.1281.26-19.96
Net Income
147.89141.98137.87135.666.4-21.23
Earnings Per Share
3.103.023.133.131.482.44
EPS Growth
-1.59%-3.51%0%111.49%-39.34%-41.06%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Rental Income
275.88271.6257.05249.23217.7271.05
Resident Fees and Services
103.1880.0654.4248.8135.8-
Revenue from Interest and Other Income
22.423.9723.7121.824.727.67
Revenue (Total)
401.46375.63335.18319.84278.19138.35

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
24.9519.6224.2922.352.563.03
Total Debt
1,2701,1641,1461,135301.78319.35
Net Cash (Debt)
-1,245-1,144-1,122-1,113-299.22-316.32
Net Cash Growth
------
Net Cash Per Share
-26.08-24.32-25.44-25.64-6.68-6.92

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
243.53236.56207.77184.45185.34-28.33
Capital Expenditures
-310.12-294.03-157.93-49.56-10.99-9.22
Free Cash Flow
-66.59-57.4749.84134.89174.35-37.55
Free Cash Flow Growth
---63.06%-22.63%--

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
77.80%80.86%84.06%84.02%86.35%-1.46%
Operating Margin
49.46%51.66%54.66%55.38%29.21%-14.42%
Pretax Margin
9.42%37.48%40.77%42.02%23.55%-15.34%
Profit Margin
36.55%37.48%40.77%42.02%23.55%-15.34%
FCF Margin
-16.59%-15.30%14.87%42.18%62.67%-27.14%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
3.6803.6403.6003.6003.6003.803
Dividend Per Share Growth
2.22%1.11%0%0%-5.33%-13.78%
Dividend Yield
4.89%4.74%5.15%6.45%6.92%0.00%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
24.2925.2922.1417.8435.2823.55
P/FCF Ratio
--63.5317.9713.00-
PS Ratio
9.029.829.457.588.1419.05