National Health Investors, Inc. (NHI)

National Health Investors Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 2, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	4,238	3,638	3,148	2,424	2,266	2,635
Market Cap Growth	37.58%	15.58%	29.83%	7.00%	-14.01%	-14.83%
Enterprise Value	5,384	4,683	4,287	3,573	3,372	3,884
Last Close Price	87.58	76.37	66.01	50.50	44.08	45.56
Price/FFO Ratio	16.42	16.42	14.51	11.50	12.42	9.86
Price/AFFO Ratio	16.43	16.43	14.51	11.51	12.42	9.87
PE Ratio	29.00	25.63	22.83	17.88	34.12	23.57
PS Ratio	11.17	9.59	9.38	7.57	8.13	8.87
PB Ratio	2.78	2.36	2.27	1.90	1.76	1.74
P/OCF Ratio	17.92	15.38	15.15	13.14	12.23	12.50
EV/Sales Ratio	14.19	12.35	12.78	11.15	12.10	13.07
EV/EBITDA Ratio	19.45	16.92	16.47	14.35	15.71	14.63
EV/EBIT Ratio	27.49	23.92	22.70	19.96	23.46	21.04
Debt / Equity Ratio	0.76	0.76	0.83	0.89	0.89	0.82
Debt / EBITDA Ratio	4.21	4.21	4.41	4.56	5.35	4.68
Net Debt / Equity Ratio	0.74	0.74	0.81	0.88	0.88	0.80
Net Debt / EBITDA Ratio	4.14	4.14	4.32	4.47	5.26	4.54
Asset Turnover	0.14	0.14	0.13	0.13	0.10	0.10
Quick Ratio	0.49	0.49	1.50	1.53	1.56	2.12
Current Ratio	0.54	0.54	1.60	1.71	2.35	3.28
Return on Equity (ROE)	9.63%	9.63%	10.28%	10.48%	4.67%	7.37%
Return on Assets (ROA)	4.52%	4.52%	4.63%	4.48%	3.36%	3.87%
Return on Invested Capital (ROIC)	7.37%	7.48%	7.64%	7.39%	5.53%	6.38%
Earnings Yield	3.35%	3.91%	4.38%	5.59%	2.93%	4.24%
Dividend Yield	4.20%	4.77%	5.45%	7.13%	8.17%	8.35%
Payout Ratio	121.19%	119.36%	113.42%	115.17%	243.62%	163.59%
Buyback Yield / Dilution	-6.69%	-6.69%	-1.64%	3.14%	2.04%	-2.31%
Total Shareholder Return	-2.31%	-1.92%	3.81%	10.26%	10.21%	6.04%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q