National Health Investors, Inc. financials

NHI CIK 0000877860

Source: EDGAR filings · Built 2026-06-04T02:28:51Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow -57.47M 49.84M 134.89M 174.35M 160.51M 115.42M
Net Debt 1.15B 1.12B 1.11B 1.13B 1.21B 1.46B
Net Margin 177.58% 253.55% 277.93% 185.50%
Return on Equity (ROE) 9.34% 10.10% 10.82% 5.23% 7.42% 12.24%
Return on Assets (ROA) 5.08% 5.28% 5.45% 2.65% 3.94% 5.93%
Debt-to-Equity 0.77× 0.84× 0.91× 0.90× 0.82× 0.99×
Cash Conversion Ratio 1.66× 1.51× 1.36× 2.79× 1.89× 1.25×
Accruals Ratio -0.03× -0.03× -0.02× -0.05× -0.03× -0.02×
SBC % of Revenue 6.96% 7.68% 9.43% 24.06%
CapEx Coverage 0.80× 1.32× 3.72× 16.86× 4.19× 1.99×
Free Cash Flow Per Share $-1.22 $1.13 $3.11 $3.89 $3.51 $2.58

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 25.29× 22.14× 17.84× 35.28× 23.55× 16.71×
P/FCF 61.33× 17.96× 13.42× 16.37× 26.79×
FCF Yield 1.63% 5.57% 7.45% 6.11% 3.73%
P/S 46.08× 58.18× 49.67× 63.30×
P/B 2.42× 2.32× 1.93× 1.78× 1.75× 2.07×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue from Contract with Customer, Excluding Assessed Tax 80.06M 54.42M 48.81M 35.80M 0 0
Revenues 375.63M 335.18M 319.83M 278.19M 298.71M 332.81M
Operating Expenses 238.96M 211.88M 200.88M 241.86M 216.14M 161.77M
Net Income (Loss) Attributable to Parent 142.18M 137.99M 135.65M 66.40M 111.80M 185.13M
Earnings Per Share, Basic $3.03 $3.14 $3.13 $1.48 $2.45 $4.14
Weighted Average Number of Shares Outstanding, Basic 46.87M 43.84M 43.39M 44.77M 45.71M 44.70M
Earnings Per Share, Diluted $3.02 $3.13 $3.13 $1.48 $2.44 $4.14
Weighted Average Number of Shares Outstanding, Diluted 47.05M 44.10M 43.39M 44.79M 45.73M 44.70M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 19.62M 24.29M 22.35M 19.29M 37.41M 43.34M
Assets 2.80B 2.61B 2.49B 2.51B 2.84B 3.12B
Liabilities 1.26B 1.23B 1.21B 1.22B 1.32B 1.60B
Stockholders' Equity Attributable to Parent 1.52B 1.37B 1.25B 1.27B 1.51B 1.51B
Common Stock, Shares, Outstanding 48.30M 45.69M 43.41M 43.39M 45.85M 45.19M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 236.56M 207.77M 184.45M 185.34M 210.86M 232.15M
Payments to Acquire Property, Plant, and Equipment 294.03M 157.93M 49.56M 10.99M 50.35M 116.72M
Net Cash Provided by (Used in) Investing Activities -269.15M -192.31M -11.63M 197.94M 185.28M -89.71M
Payments for Repurchase of Common Stock 0 0 151.95M 0 0
Payments of Dividends 169.70M 156.51M 156.24M 161.77M 182.90M 194.58M
Net Cash Provided by (Used in) Financing Activities 25.71M -13.57M -169.72M -401.25M -402.99M -111.76M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (NHI CIK 0000877860), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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