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Stocks · Health care · Services-Skilled Nursing Care Facilities

NATIONAL HEALTHCARE CORP

NHC Clue Score68
United States Fiscal year ends December CIK 0001047335
$227.11 +0.86% Close, 9 Oct 2026
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Price $227.11 +230.20% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue923.6Operating income60.5Net income50.5EPS, diluted3.32Fiscal year 2017Revenue963.9 +4.4%Operating income54.1Net income56.2 +11.2%EPS, diluted3.69 +11.1%Fiscal year 2018Revenue980.3 +1.7%Operating income56.1Net income59.0 +4.9%EPS, diluted3.87 +4.9%Fiscal year 2019Revenue996.4 +1.6%Operating income49.0Net income68.2 +15.7%EPS, diluted4.44 +14.7%Fiscal year 2020Revenue1,028.2 +3.2%Operating income48.2Net income41.9 −38.6%EPS, diluted2.72 −38.7%Fiscal year 2021Revenue1,074.3 +4.5%Operating income50.9Net income138.6 +231.0%EPS, diluted8.99 +230.5%Fiscal year 2022Revenue1,085.7 +1.1%Operating income31.9Net income22.4 −83.8%EPS, diluted1.45 −83.9%Fiscal year 2023Revenue1,141.5 +5.1%Operating income57.5Net income66.8 +197.6%EPS, diluted4.34 +199.3%Fiscal year 2024Revenue1,307.4 +14.5%Operating income89.9Net income101.9 +52.6%EPS, diluted6.53 +50.5%Fiscal year 2025Revenue1,517.8 +16.1%Operating income128.4Net income120.0 +17.7%EPS, diluted7.67 +17.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 923.6 963.9 980.3 996.4 1,028.2 1,074.3 1,085.7 1,141.5 1,307.4 1,517.8
Growth +4.4% +1.7% +1.6% +3.2% +4.5% +1.1% +5.1% +14.5% +16.1%
Operating income 60.5 54.1 56.1 49.0 48.2 50.9 31.9 57.5 89.9 128.4
Net income 50.5 56.2 59.0 68.2 41.9 138.6 22.4 66.8 101.9 120.0
Growth +11.2% +4.9% +15.7% −38.6% +231.0% −83.8% +197.6% +52.6% +17.7%
EPS, diluted 3.32 3.69 3.87 4.44 2.72 8.99 1.45 4.34 6.53 7.67
Growth +11.1% +4.9% +14.7% −38.7% +230.5% −83.9% +199.3% +50.5% +17.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin6.6%Net margin5.5%Free cash flow margin3.1%Fiscal year 2017Operating margin5.6%Net margin5.8%Free cash flow margin6.4%Fiscal year 2018Operating margin5.7%Net margin6.0%Free cash flow margin7.0%Fiscal year 2019Operating margin4.9%Net margin6.8%Free cash flow margin7.4%Fiscal year 2020Operating margin4.7%Net margin4.1%Free cash flow margin17.6%Fiscal year 2021Operating margin4.7%Net margin12.9%Free cash flow margin2.1%Fiscal year 2022Operating margin2.9%Net margin2.1%Free cash flow margin−2.0%Fiscal year 2023Operating margin5.0%Net margin5.9%Free cash flow margin7.3%Fiscal year 2024Operating margin6.9%Net margin7.8%Free cash flow margin6.1%Fiscal year 2025Operating margin8.5%Net margin7.9%Free cash flow margin9.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 6.6% 5.6% 5.7% 4.9% 4.7% 4.7% 2.9% 5.0% 6.9% 8.5%
Net margin 5.5% 5.8% 6.0% 6.8% 4.1% 12.9% 2.1% 5.9% 7.8% 7.9%
Free cash flow margin 3.1% 6.4% 7.0% 7.4% 17.6% 2.1% −2.0% 7.3% 6.1% 9.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow90.9Capital expenditure−62.6Free cash flow28.3Buybacks−8.2Dividends paid−25.8Fiscal year 2017Operating cash flow94.5Capital expenditure−32.3Free cash flow62.1 +119.6%Buybacks0.0Dividends paid−28.2Fiscal year 2018Operating cash flow98.4Capital expenditure−29.8Free cash flow68.7 +10.5%Buybacks−0.9Dividends paid−29.8Fiscal year 2019Operating cash flow100.1Capital expenditure−26.4Free cash flow73.7 +7.3%Buybacks−0.9Dividends paid−31.2Fiscal year 2020Operating cash flow203.3Capital expenditure−21.9Free cash flow181.4 +146.1%Buybacks−0.1Dividends paid−31.9Fiscal year 2021Operating cash flow62.4Capital expenditure−39.4Free cash flow23.0 −87.3%Buybacks−0.8Dividends paid−32.0Fiscal year 2022Operating cash flow8.7Capital expenditure−30.2Free cash flow−21.5 −193.3%Buybacks−9.9Dividends paid−34.6Fiscal year 2023Operating cash flow111.2Capital expenditure−27.9Free cash flow83.3Buybacks−2.5Dividends paid−35.6Fiscal year 2024Operating cash flow107.3Capital expenditure−27.6Free cash flow79.7 −4.3%Buybacks−13.5Dividends paid−37.0Fiscal year 2025Operating cash flow185.1Capital expenditure−36.4Free cash flow148.6 +86.5%Buybacks−14.7Dividends paid−38.7
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 90.9 94.5 98.4 100.1 203.3 62.4 8.7 111.2 107.3 185.1
Capital expenditure −62.6 −32.3 −29.8 −26.4 −21.9 −39.4 −30.2 −27.9 −27.6 −36.4
Free cash flow 28.3 62.1 68.7 73.7 181.4 23.0 −21.5 83.3 79.7 148.6
Growth +119.6% +10.5% +7.3% +146.1% −87.3% −193.3% −4.3% +86.5%
Buybacks −8.2 0.0 −0.9 −0.9 −0.1 −0.8 −9.9 −2.5 −13.5 −14.7
Dividends paid −25.8 −28.2 −29.8 −31.2 −31.9 −32.0 −34.6 −35.6 −37.0 −38.7

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash26.3Total debt120.0Net cash (debt)−93.7Shareholders’ equity669.6Debt to equity0.18Fiscal year 2017Cash59.1Total debt100.0Net cash (debt)−40.9Shareholders’ equity702.7Debt to equity0.14Fiscal year 2018Cash43.2Total debt55.0Net cash (debt)−11.8Shareholders’ equity733.3Debt to equity0.08Fiscal year 2019Cash50.3Total debt10.0Net cash (debt)40.3Shareholders’ equity778.6Debt to equity0.01Fiscal year 2020Cash147.1Total debt0.0Net cash (debt)147.1Shareholders’ equity795.2Debt to equity0.00Fiscal year 2021Cash107.6Shareholders’ equity903.0Fiscal year 2022Cash58.7Shareholders’ equity874.3Fiscal year 2023Cash107.1Total debt0.0Net cash (debt)107.1Shareholders’ equity908.8Debt to equity0.00Fiscal year 2024Cash76.1Total debt137.0Net cash (debt)−60.9Shareholders’ equity980.2Debt to equity0.14Fiscal year 2025Cash92.8Total debt40.0Net cash (debt)52.8Shareholders’ equity1,068.8Debt to equity0.04
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 26.3 59.1 43.2 50.3 147.1 107.6 58.7 107.1 76.1 92.8
Total debt 120.0 100.0 55.0 10.0 0.0 n/a n/a 0.0 137.0 40.0
Net cash (debt) −93.7 −40.9 −11.8 40.3 147.1 n/a n/a 107.1 −60.9 52.8
Shareholders’ equity 669.6 702.7 733.3 778.6 795.2 903.0 874.3 908.8 980.2 1,068.8
Debt to equity 0.18 0.14 0.08 0.01 0.00 n/a n/a 0.00 0.14 0.04

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
923.6 963.9 980.3 996.4 1,028.2 1,074.3 1,085.7 1,141.5 1,307.4 1,517.8
Growth +4.4% +1.7% +1.6% +3.2% +4.5% +1.1% +5.1% +14.5% +16.1%
29.3 29.8 28.7 27.0 19.9 20.2 20.7 21,412,000.0 26,236,000.0 27,498,000.0
60.5 54.1 56.1 49.0 48.2 50.9 31.9 57.5 89.9 128.4
Growth −10.6% +3.6% −12.6% −1.8% +5.8% −37.4% +80.1% +56.5% +42.8%
n/a n/a n/a n/a n/a n/a 27.2 88.7 136.4 162.4
29.7 18.9 16.2 20.0 10.4 11.0 7.3 23.5 34.3 39.8
50.5 56.2 59.0 68.2 41.9 138.6 22.4 66.8 101.9 120.0
Growth +11.2% +4.9% +15.7% −38.6% +231.0% −83.8% +197.6% +52.6% +17.7%
Per share
3.34 3.70 3.87 4.47 2.74 9.03 1.46 4.36 6.62 7.76
3.32 3.69 3.87 4.44 2.72 8.99 1.45 4.34 6.53 7.67
Growth +11.1% +4.9% +14.7% −38.7% +230.5% −83.9% +199.3% +50.5% +17.5%
15.1 15.2 15.2 15.3 15.3 15.3 15.4 15.3 15.4 15.5
15.2 15.2 15.2 15.4 15.4 15.4 15.4 15.4 15.6 15.6
Growth +0.1% +0.1% +0.8% +0.1% +0.3% +0.2% −0.5% +1.4% +0.3%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 8.1% a year over five years, and earnings per share grew 23.0% a year.
  • The diluted share count rose 1.8% in five years, which is dilution.
  • Operating margin is up 3.8 points on five years ago, at 8.5%.
  • Profitable in every one of the 10 years on file.