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NHCNational HealthCare Corporation
$216.40$3.4B
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NHC logoNational HealthCare Corporation(NHC)Earnings, Financials & Key Ratios

NHC•AMEX
$216.40
28.2× P/E·Price updated Jul 7, 2026
SectorHealthcareIndustryHealthcare FacilitiesSub-IndustryPost-acute and senior care
AboutNational HealthCare Corporation operates, manages, and provides services to skilled nursing facilities, assisted living facilities, independent living facilities, homecare and hospice agencies, and a behavioral health hospital. Its skilled nursing facilities offer licensed therapy services, nutrition services, social services, activities, and housekeeping and laundry services, as well as medical services prescribed by physicians; and rehabilitative services, such as physical, speech, respiratory, and occupational therapy for patients recovering from strokes, heart attacks, orthopedic conditions, neurological illnesses, or other illnesses, injuries, or disabilities. The company's medical specialty units comprise memory care units and sub-cute nursing units that provide specialized care and programs for persons with Alzheimer's or related disorders; and assisted living centers offer personal care services and assistance with general activities of daily living, such as dressing, bathing, meal preparation, and medication management. It also offers behavioral health services to both adults and geriatric patients with psychiatric, emotional, and addictive disorders. In addition, it provides health care programs that offer skilled services, such as infusion, wound care and physical, occupational, and speech therapies; hospice care services; operates pharmacies; offers management, accounting, financial, and insurance services; and leases its properties to third party operators. As of February 18, 2022, the company operated 75 skilled nursing facilities with 9,473 beds, 24 assisted living facilities, five independent living facilities, one behavioral health hospital, 34 homecare agencies, and 28 hospice agencies. National HealthCare Corporation was founded in 1971 and is based in Murfreesboro, Tennessee.Show more
  • Revenue$1.51B+16.4%
  • EBITDA$188M+47.5%
  • Net Income$120M+17.7%
  • EPS (Diluted)7.67+17.5%
  • Gross Margin67.84%+80.8%
  • EBITDA Margin12.47%+26.7%
  • Operating Margin9.5%+43.7%
  • Net Margin7.95%+1.2%
  • ROE11.67%+8.4%

NHC Price & Volume

National HealthCare Corporation (NHC) stock price & volume — 10-year historical chart

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Operational Volatility Masks Strong Balance Sheet Position

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Fortress
Cash Flow:Mixed
Primary Risk:Labor cost inflation volatility

Key Thesis Takeaways

  • National HealthCare Corporation faces significant operational headwinds as revenue growth decelerated to 1.7% in 2026Q1 and gross margins contracted to 30.5%, signaling potential challenges in managing clinical labor costs.
  • While the company maintains a fortress balance sheet with a negligible debt-to-equity ratio of 0.04, the decoupling of net income from core operating performance warrants extreme caution.
  • Investors should monitor whether the recent $104.3 million operating loss is a temporary anomaly or a structural shift in the company's ability to generate sustainable healthcare service margins.

Verdict Logic

while the company maintains a strong balance sheet with a 0.04 debt-to-equity ratio, the recent $104.3 million operating loss and inconsistent cash flow conversion suggest that core profitability remains under significant pressure.

NHC Growth Metrics

National HealthCare Corporation (NHC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years5.24%
5 Years9.02%
3 Years12.03%
TTM10.89%

Profit CAGR

10 Years8.49%
5 Years23.44%
3 Years74.87%
TTM14.59%

EPS CAGR

10 Years9.14%
5 Years23.04%
3 Years74.24%
TTM13.73%

Return on Capital

10 Years5.88%
5 Years6.22%
3 Years7.88%
Last Year11.2%

NHC Recent Earnings

National HealthCare Corporation (NHC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
Q2 2026Latest
May 8, 2026
Metric
Actual
Est
EPS
$1.91
—
Rev
$380M
—
Q1 2026
Feb 26, 2026
Metric
Actual
Est
EPS
$1.83
—
Rev
$387M
—
Q4 2025
Nov 7, 2025
Metric
Actual
Est
EPS
$1.58
—
Rev
$383M
—
Q3 2025
Aug 8, 2025
Metric
Actual
Est
EPS
$1.65
—
Rev
$373M
—
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 8, 2026
$1.91
$380M
Q1 2026Feb 26, 2026
$1.83
$387M
Q4 2025Nov 7, 2025
$1.58
$383M
Q3 2025Aug 8, 2025
$1.65
$373M
Based on last 12 quarters of dataView full earnings history →

Latest NHC News

Recent stock market news and headlines for National HealthCare Corporation (NHC)

Business Wire·6 days ago
NHC Completes Acquisition of Thirty-Five NHI Facilities

MURFREESBORO, Tenn.--(BUSINESS WIRE)--National Healthcare Corporation (NYSE American: NHC), a national leader in senior care, announced today that it has completed the acquisition of the real estate of thirty-two skilled nursing facilities and three independent living facilities from National Health Investors, Inc. and its affiliates (“NHI”) for a $560 million purchase price. NHC, through affiliates, had been leasing and operating these facilities under a Master Agreement to Lease with NHI orig.

Business Wire·Jun 16, 2026
Solace Joins the National Health Council to Advance Patient-Centered Care and Navigation

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Solace Health (Solace) today announced its Associate Membership in the National Health Council (NHC), a network of organizations united around patient-centered care and the work of making the healthcare system work better for the patients it was meant to serve. Healthcare advocacy — the work of connecting patients with the expertise and guidance they need to navigate a system not designed with them in mind — sits at the heart of both organizations' mission.

Peers Comparison

Key metrics vs top competitors for National HealthCare Corporation (NHC)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
NHC logoNHCNational HealthCare CorporationCurrent
$216.40$3.38B28.2116.38%7.95%11.67%1.14%
EHC logoEHCEncompass Health Corporation
$110.72$11.01B19.9910.46%10.04%18.86%—
PNTG logoPNTGThe Pennant Group, Inc.
$39.70$1.38B47.2636.31%2.96%8.42%—
ADUS logoADUSAddus HomeCare Corporation
$105.97$1.98B20.3423.21%6.89%9.34%—
CCRN logoCCRNCross Country Healthcare, Inc.
$13.22$427.44M-4.51-21.56%-9.84%-27.1%—
SEM logoSEMSelect Medical Holdings Corporation
$16.51$2.05B13.995.12%2.42%6.57%—

Compare NHC vs Peers

National HealthCare Corporation (NHC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs EHC

Most directly comparable listed peer for NHC.

Scale Benchmark

vs UNH

Larger-name benchmark to compare NHC against a more recognizable public peer.

Peer Set

Compare Top 5

vs EHC, PNTG, ADUS, CCRN

NHC SEC Filings & Documents

National HealthCare Corporation (NHC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 15, 2026·SEC

Material company update

May 13, 2026·SEC

Material company update

May 8, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 28, 2025·SEC

FY 2024

Feb 16, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 7, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

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NHC Frequently Asked Questions

National HealthCare Corporation (NHC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is National HealthCare Corporation's revenue?

National HealthCare Corporation (NHC) reported $1.52B in revenue for fiscal year 2025. This represents a 295% increase from $386.3M in 1996.

How fast is National HealthCare Corporation growing?

National HealthCare Corporation (NHC) grew revenue by 16.4% over the past year. This is strong growth.

Is NHC profitable?

Yes, National HealthCare Corporation (NHC) is profitable, generating $123.7M in net income for fiscal year 2025 (7.9% net margin).

Dividend & Returns
Does NHC pay dividends?

Yes, National HealthCare Corporation (NHC) pays a dividend with a yield of 1.14%. This makes it attractive for income-focused investors.

What is NHC's return on equity?

National HealthCare Corporation (NHC) has a return on equity (ROE) of 11.7%. This is reasonable for most industries.

What is National HealthCare Corporation's free cash flow?

National HealthCare Corporation (NHC) generated $168.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in NHC back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →