National HealthCare Corporation NHC

227.36 5.76 2.60% as of 25 Sep
Market cap
$3.5B
P/E
25.2×
Growth Flags show if company had growth for consecutive years,
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 0.17
Total sells 10.55
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — 1 — — —
Sell — 3 1 — — — — 2 2 — 3 2
Insider Ownership 18.62%

Capital & Financial Ratios

Market Cap 3,470.00
Revenue 1,559.02
Net Income 142.84
Free Cash Flow 146.53
Net Debt (265.88)
Current Ratio 1.86
Debt/Equity 0.00
P/E ratio 25.21
P/S ratio 2.28
P/B ratio 3.15
Past 5Y EPS Growth 8.03%
This Y EPS Growth —
Next Y EPS Growth —
Next 5Y EPS Growth —
in millions of $

Dividends

Payout Ratio 1.11
Annual Dividend Rate 2.36
Annual Dividend Yield 2.57%
total individual payouts
2026 0.40
0.64
0.67
0.67
2025 0.43
0.61
0.64
0.64
0.64
2024 2.42
0.59
0.61
0.61
0.61
2023 2.91
0.57
0.59
0.59
0.59
0.57
2022 2.26
0.55
0.57
0.57
0.57
2021 2.11
0.52
0.52
0.52
0.55
2020 2.08
0.52
0.52
0.52
0.52
2019 2.06
0.50
0.52
0.52
0.52
2018 1.98
0.48
0.50
0.50
0.50
2017 1.89
0.45
0.48
0.48
0.48
2016 1.75
0.40
0.45
0.45
0.45
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 281 270 309 266
Receivables 109 135 139 138
Inventory 7 9 8 9
Other — — — —
406 424 462 440
2023 2024 2025 Q'26
Payables 19 25 23 22
ST’ Debt — 8 8 —
Other 23 21 26 31
214 235 254 236
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 5.29% 8.10% 11.81%
Cash Flow 8.30% (1.86%) 176.64%
Earnings 9.99% 23.44% 74.87%
Book Value 5.47% 6.12% 6.98%

Revenue

Mar Jun Sep Dec Year
’26 382 408 — — —
’25 374 375 383 387 1,518
’24 297 301 340 369 1,307
’23 270 283 288 301 1,142
’22 279 271 271 265 1,086
’21 251 263 277 283 1,074
’20 256 262 251 260 1,028
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 63 43 — — —
’25 39 63 66 17 185
’24 10 51 34 13 107
’23 14 39 32 26 111
’22 (27) 26 (2) 12 9
’21 13 28 7 16 62
’20 8 147 29 19 203
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 53 31 — — —
’25 33 53 56 6 149
’24 4 43 29 7 82
’23 7 33 26 17 83
’22 (36) 21 (8) 6 (17)
’21 8 19 (6) 2 23
’20 1 134 31 15 181
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 2.27 2.54 — — —
’25 2.07 1.52 2.50 1.58 7.67
’24 1.69 1.73 2.73 0.39 6.53
’23 0.76 1.06 0.68 1.83 4.34
’22 0.99 0.21 (0.16) 0.41 1.45
’21 1.38 6.80 (0.22) 1.02 8.99
’20 (1.76) 1.84 0.84 1.79 2.72
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
57.16 57.73 57.00 70.89 55.88 62.57 57.61 51.56 87.03 89.14

Analyst estimates 2026–2028

Powerpack
Low Price
78.99 77.01 84.90 89.55 88.35 79.73 75.35 98.17 138.49 144.53
High Price
14,450 14,850 14,891 14,881 13,432 12,965 12,355 13,123 14,962 15,278
Employees
0 0 0 0 0 0 0 0 0 0
Revenue/Emp
924 964 980 996 1,028 1,074 1,086 1,142 1,307 1,518
Revenue
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Gross Margin
80 75 75 88 52 150 27 89 136 162
EBT
8.68% 7.73% 7.64% 8.83% 5.10% 13.97% 2.51% 7.77% 10.43% 10.70%
EBT Margin
51 56 59 68 42 139 20 65 102 123
Net Income
39 43 42 42 42 41 46 42 42 45
Depreciation
61.02 63.46 64.39 65.25 67.18 70.00 70.46 74.56 84.93 98.10
Revenue/Sh
3.34 3.70 3.87 4.47 2.74 9.03 1.46 4.36 6.62 7.76
Earnings/Sh
6.00 6.22 6.47 6.56 13.28 4.07 0.57 7.26 6.97 11.96
Cash Flow/Sh
(4.14) (2.13) (1.96) (1.73) (1.43) (2.57) (1.69) (1.82) (1.66) (2.36)
Capex/Sh
1.87 4.09 4.51 4.83 11.85 1.50 (1.12) 5.44 5.31 9.61
Free CF/Sh
44.24 46.31 48.24 51.02 52.15 59.19 56.94 59.47 63.87 69.45
Book Value/Sh
15 15 15 15 15 15 15 15 15 15
Shares
22.52 16.74 20.22 19.38 24.33 7.52 41.15 21.39 16.25 17.69
PE Ratio
1.24 0.98 1.22 1.32 0.99 0.97 0.85 1.25 1.27 1.40
PS Ratio
1.71 1.34 1.63 1.69 1.27 1.15 1.05 1.57 1.68 1.97
PB Ratio
1.06 0.77 1.03 1.12 0.68 0.71 0.66 1.09 1.16 1.24
EV/Sales
34.70 11.94 14.64 15.09 3.87 33.33 (41.55) 14.97 18.61 12.68
EV/FCF
91 94 98 100 203 62 9 111 107 185
Op' Cash Flow
(63) (32) (30) (26) (22) (39) (26) (28) (25) (36)
Capex
28 62 69 74 181 23 (17) 83 82 149
FCF
140 174 164 146 176 163 156 192 190 208
Working Cap'
30 27 23 25 41 38 35 — 137 8
Total Debt
(160) (199) (189) (207) (314) (276) (201) (281) (133) (302)
Net Debt
670 703 734 779 798 908 878 910 983 1,075
Sh' Equity
4.74% 5.15% 5.42% 5.76% 3.16% 10.02% 1.68% 5.17% 7.19% 7.87%
ROA
7.92% 7.30% 6.96% 5.70% 6.39% 5.12% 3.00% 5.70% 6.61% 10.38%
ROIC
7.77% 8.19% 8.20% 9.01% 5.31% 16.24% 2.51% 7.47% 10.77% 11.67%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

National HealthCare Corporation (NHC) key facts

  • National HealthCare Corporation (NHC) is a Medical Care Facilities company in the Healthcare sector, listed on NYSE American.
  • National HealthCare Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, up 16.1% from fiscal 2024.
  • Net income was $122.6 million, or $7.76 per share (basic), a net margin of 7.91%.
  • As of September 25, 2026, NHC traded at $227.36, a market capitalization of $3.5 billion.
  • At that price the stock trades at 25.2× trailing-twelve-month earnings and 2.3× sales.
  • National HealthCare Corporation pays an annual dividend of $2.36 per share, a yield of 2.57%, with a payout ratio of 110.6%.
  • Return on equity was 11.7% and debt-to-equity 0.00.

Source: company filings (standardised) and stockrow calculations.

National HealthCare Corporation (NHC) Latest News

News by impact score

Fine-tune

1 Jul

4

NHC completes acquisition of thirty-five NHI facilities. Acquisition of 35 facilities expands NHC operational scale and market presence substantially.

4 Jun

4

National HealthCare Corporation acquired five skilled nursing facilities in a $50,500,000 transaction. Acquisition expands NHC operational footprint and core nursing capacity via major strategic purchase.

8 May

4

National HealthCare Corporation reported first quarter 2026 earnings, highlighting financial results, revenue growth, operational updates, and future outlook. Quarterly earnings reports significantly impact NHC's stock price, investor confidence, and strategic trajectory.

3

National HealthCare Corporation (NHC) announces the retirement of W. Andrew 'Andy' Adams from its Board of Directors effective after the annual meeting on May 8, 2025. Andy Adams, son of NHC founder Dr. Carl Adams, has had a distinguished career at NHC since joining in 1972, serving as President and CEO until 2004. Under his leadership, NHC's revenue grew significantly, and the company became a leader in senior healthcare. Current Chairman Robert Adams and CEO Dr. Stephen Flatt expressed gratitude for Andy's contributions, noting his impact on the company's growth and vision. NHC operates numerous healthcare facilities and services, including skilled nursing and assisted living communities. The retirement of a long-serving board member may moderately influence NHC's strategic direction and investor sentiment.

7 May

3

National HealthCare Corporation (NHC) announced a 4.7% increase in its common dividend. The 4.7% dividend hike signals financial confidence and positively influences investor sentiment and stock performance without fundamentally altering core operations.

5 May

4

National HealthCare Corporation (NHC) faces a 2026 rent reset and activist pressure from NHI, potentially recasting its bullish investment case amid questions on financial impacts and strategic responses. 2026 rent reset and NHI activist pressure signal major strategic shifts capable of significantly altering NHC's cost structure, operations, and investor sentiment.

22 Apr

4

National Health Investors (NYSE: NHI) plans $560 million sale of 35-property healthcare portfolio to National HealthCare Corporation (NYSE American: NHC), with Blueprint as transaction advisor. NHC's $560 million acquisition of 35 healthcare properties marks a major strategic expansion boosting assets and growth potential.

21 Apr

4

National HealthCare Corporation (NHC) will acquire thirty-five facilities from National Health Investors (NHI). Acquiring 35 facilities constitutes a major strategic expansion boosting NHC's operational capacity and market presence.

4

National Health Investors (NHI) announces the sale of its NHC portfolio for $560 million. NHI's $560 million divestiture of the NHC portfolio disrupts key real estate assets tied to NHC's operations and shifts its strategic partnerships.

6 Mar

4

National HealthCare Corporation (NHC) reported strong Q4 EPS gains, prompting questions on whether this shifts its investment narrative amid positive financial momentum. Strong Q4 EPS gains represent a major financial milestone likely to boost investor sentiment and alter NHC's market trajectory.

26 Feb

4

National HealthCare Corporation (NHC) reported 2025 year-end earnings. Year-end earnings reports deliver key financial metrics that significantly shape investor sentiment and company trajectory.

3

National HealthCare Corporation (NHC) released its Q4 earnings snapshot. Q4 earnings snapshots reveal financial performance metrics that moderately influence NHC's stock price and investor sentiment.

13 Feb

3

National HealthCare Corporation (NHC) has announced a common dividend of $0.50 per share, payable on December 15, 2023, to shareholders of record as of December 1, 2023. This decision reflects the company's ongoing commitment to returning value to its shareholders and maintaining a strong financial position. The dividend announcement indicates a stable financial performance, which may positively influence investor sentiment but does not fundamentally alter the company's trajectory.

7 Nov

4

National HealthCare Corporation (NHC) reported its Q3 earnings, highlighting a notable increase in revenue and net income compared to the previous year. The company attributed this growth to higher occupancy rates and improved operational efficiencies across its facilities. NHC also announced plans for future expansions and investments in technology to enhance patient care. Despite challenges in the healthcare sector, the overall outlook remains positive as the company continues to adapt to changing market conditions. Significant growth in revenue and strategic plans for expansion indicate a strong potential for future performance.

4

National HealthCare Corporation (NHC) reported its earnings for the third quarter of 2025, highlighting significant financial metrics and operational updates. The company experienced growth in revenue and net income compared to the previous quarter, driven by increased demand for its healthcare services. NHC also announced strategic initiatives aimed at enhancing patient care and expanding its service offerings. The management expressed optimism about future performance, citing ongoing investments in technology and workforce development as key drivers for sustained growth. The reported earnings and strategic initiatives indicate a significant impact on future performance and market positioning.

6 Nov

3

National HealthCare Corporation (NHC) has announced a common dividend of $0.50 per share, payable on December 15, 2023, to shareholders of record as of December 1, 2023. This decision reflects the company's ongoing commitment to returning value to its shareholders and indicates a stable financial position. The dividend announcement suggests a stable financial performance, but it does not indicate any major strategic changes or market shifts.

4 Nov

4

National HealthCare Corporation (NHC) is highlighted as a promising investment opportunity in the U.S. market, showcasing its strong fundamentals and growth potential. The article identifies three key factors contributing to NHC's attractiveness: a robust financial performance, strategic expansion plans, and a commitment to quality care. These elements position NHC favorably against competitors, suggesting it could be a valuable addition to investors' portfolios. NHC's strategic expansion and strong financial performance are likely to significantly impact its future market position.

26 Sep

4

National HealthCare Corporation (NHC) is highlighted as a promising investment opportunity in the US market for September 2025, driven by its strong fundamentals and growth potential in the healthcare sector. The company is positioned to benefit from increasing demand for healthcare services and innovative care models, making it an attractive option for investors seeking undervalued stocks. Analysts suggest that NHC's strategic initiatives and operational efficiencies could lead to significant returns in the coming years. NHC's strategic initiatives and growth potential in the healthcare sector are expected to significantly impact its future performance and market position.

10 Sep

4

National Health Investors issued a default notice to a key tenant, raising concerns about its financial stability and potential impacts on future revenue. This development has prompted analysts to reassess the valuation of National HealthCare Corporation, as the default could lead to significant financial repercussions. Investors are closely monitoring the situation, as it may affect NHC's market performance and overall strategy moving forward. The default notice is likely to have a significant impact on NHC's future performance and investor sentiment.

4 Sep

4

National HealthCare Corporation (NHC) is positioned for growth due to its strategic initiatives, including expansion in senior living and rehabilitation services. The company is focusing on enhancing its operational efficiency and patient care quality, which could lead to improved financial performance. Additionally, NHC's strong balance sheet and commitment to innovation in healthcare delivery are expected to bolster its competitive edge in the market. Analysts are optimistic about NHC's potential to capitalize on demographic trends favoring increased demand for healthcare services. Strategic initiatives and market positioning are likely to significantly impact NHC's future performance and investor sentiment.

28 Aug

3

National HealthCare Corporation (NHC) is highlighted as a promising small-cap investment in the U.S. market, showcasing its potential for growth amidst a landscape of undervalued stocks. The article emphasizes NHC's strong fundamentals, including its focus on providing quality healthcare services and its strategic positioning within the industry. Investors are encouraged to consider NHC as part of a diversified portfolio, given its resilience and growth prospects in a competitive market. NHC's strong fundamentals and strategic positioning may moderately influence its financial performance and competitive standing.

8 Aug

4

National HealthCare Corporation (NHC) reported its Q2 earnings, showing a notable increase in revenue and net income compared to the previous year. The company attributed this growth to improved occupancy rates and effective cost management strategies. NHC's focus on enhancing patient care and expanding its service offerings has contributed to its positive financial performance. The outlook for the remainder of the year remains optimistic, with expectations for continued growth in both revenue and profitability. Significant revenue growth and improved occupancy rates indicate a strong potential for future performance.

4

National HealthCare Corporation (NHC) reported its earnings for the second quarter of 2025, highlighting significant growth in revenue and net income compared to the previous year. The company attributed this success to increased patient admissions and improved operational efficiencies. NHC also announced plans for expansion and investment in new technologies to enhance patient care. The positive financial results reflect the company's strong market position and commitment to quality healthcare services. Significant growth in revenue and net income indicates a strong future trajectory for NHC.

7 Aug

3

National HealthCare Corporation (NHC) has announced a common dividend of $0.50 per share, payable on December 15, 2023, to shareholders of record as of December 1, 2023. This decision reflects the company's ongoing commitment to returning value to its shareholders and indicates a stable financial position. The dividend announcement suggests a stable financial performance, which may positively influence investor sentiment but does not fundamentally alter the company's trajectory.

30 Jul

3

National HealthCare Corporation (NHC) is highlighted as one of the undiscovered gems in the U.S. healthcare sector, with potential for growth and investment opportunities. The article emphasizes NHC's innovative approaches and commitment to quality care, positioning it favorably in the market. As the healthcare landscape evolves, NHC's strategic initiatives may attract attention from investors looking for promising companies in the industry. NHC's innovative approaches and market positioning may moderately influence its financial performance and competitive standing.

5 Jun

4

National HealthCare Corporation (NHC) operates skilled nursing and assisted living facilities, generating significant revenue from inpatient services. With a market cap of approximately $1.62 billion, NHC has demonstrated impressive earnings growth of 32.8% over the past year, significantly outpacing the healthcare industry average. The company is currently trading at a substantial discount, valued at 66.6% below its estimated fair value. Financially, NHC shows solid health with more cash than total debt and positive free cash flow of $109 million. Recent developments include a dividend increase and leadership changes, indicating ongoing strategic adjustments. NHC's significant earnings growth and trading at a discount suggest a potential shift in market dynamics that could enhance investor sentiment.

9 May

4

National HealthCare Corporation (NHC) reported its Q1 earnings, showcasing a notable increase in revenue and net income compared to the previous year. The company attributed this growth to improved occupancy rates and effective cost management strategies. NHC's focus on enhancing patient care and expanding its service offerings has contributed to its positive financial performance. The outlook for the remainder of the year remains optimistic, with expectations for continued growth driven by strategic initiatives and market demand. Significant growth in revenue and net income indicates a strong strategic position and potential for future performance improvements.

4

National HealthCare Corporation (NHC) reported net operating revenues of $373.7 million for Q1 2025, a 25.7% increase from $297.2 million in Q1 2024, driven by an 8.5% rise in same-facility revenues and the acquisition of White Oak Management. GAAP net income attributable to NHC was $32.2 million, up from $26.2 million year-over-year. Adjusted net income rose 61.4% to $24.8 million. Diluted earnings per share increased to $2.07 from $1.69, while adjusted diluted earnings per share rose to $1.59 from $0.99. NHC operates 80 skilled nursing facilities and various other healthcare services. The significant revenue growth and strategic acquisition indicate a strong potential for future performance and market positioning.

30 Apr

4

National HealthCare Corporation (NHC) is highlighted as a promising investment opportunity in the U.S. market, showcasing its strong fundamentals and growth potential. The article emphasizes NHC's strategic positioning in the healthcare sector, driven by an aging population and increasing demand for healthcare services. Key financial metrics indicate robust performance, making it an attractive option for investors seeking undervalued stocks. The analysis suggests that NHC's operational efficiency and commitment to quality care could lead to significant long-term gains. NHC's strong fundamentals and strategic positioning in a growing market indicate significant potential for future performance.

1 Apr

3

National HealthCare Corporation (NHC) has shown a 52.6% earnings growth over the past year, surpassing the healthcare industry's 12.9%. Despite a one-off gain of $41.4 million affecting financial results, NHC's debt-to-equity ratio increased from 1.3% to 13.9%. The company trades nearly 18% below its estimated fair value and maintains more cash than total debt. Recent earnings reports indicated Q4 revenue of $369 million, but net income fell to $6 million from $28 million last year, highlighting challenges despite overall growth metrics. Earnings growth and financial metrics indicate a moderately noticeable influence on NHC's future performance.

stockrow.com/NHC · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com