National Health Investors, Inc. NHI

Real Estate — Reit Healthcare Facilities

66.92 (0.24) (0.36%) as of 25 Sep

Market cap: $3.3B
P/E: 19.3×

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Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	19.22	19.43	20.47	22.14	16.71	23.55	35.94	17.79	22.07	25.20
P/S ratio Full definition →	11.71	11.12	10.75	11.12	9.29	8.80	8.50	7.55	9.07	9.53
P/FCF ratio Full definition →	0.00	136.21	52.61	938.63	19.94	6.58	6.89	12.59	54.24	0.00
P/Operating CF Full definition →	61.48	59.44	61.46	63.01	55.58	49.24	51.03	45.40	52.78	52.85
P/B ratio Full definition →	2.41	2.34	2.28	2.36	2.03	1.73	1.85	1.91	2.21	2.34
Price to Tangible BV Full definition →	2.41	2.34	2.28	2.36	2.03	1.73	1.85	1.91	2.21	2.34
EV/Sales Full definition →	16.18	15.22	15.09	15.63	13.66	12.83	12.56	11.03	12.41	12.58
EV/EBITDA Full definition →	17.92	15.69	15.90	16.58	14.55	17.51	21.42	14.01	15.93	16.75
EV/Operating CF Full definition →	22.76	21.41	21.39	20.64	19.59	18.18	18.85	19.13	20.02	19.97
EV/FCF Full definition →	(21.12)	186.42	73.82	1,319.43	29.33	9.60	10.18	18.38	74.27	(82.20)
Quick Ratio Full definition →	3.70	6.16	5.54	3.47	5.52	5.76	3.71	3.12	2.95	2.25
Current Ratio Full definition →	10.09	14.84	17.92	16.40	17.13	18.70	12.71	10.27	10.07	6.90
Net Debt/EBITDA Full definition →	4.95	4.23	4.57	4.79	4.66	5.51	6.92	4.42	4.29	4.06
Debt/Assets Full definition →	46.43%	45.00%	46.60%	47.35%	48.05%	43.78%	45.76%	45.61%	43.84%	41.61%
Debt/Equity Full definition →	0.92	0.87	0.92	0.96	0.98	0.82	0.90	0.90	0.83	0.76
Asset Turnover Full definition →	0.11	0.11	0.11	0.11	0.11	0.10	0.10	0.13	0.13	0.14
Operating CF/Net income Full definition →	1.17	1.24	1.35	1.50	1.25	1.89	2.79	1.36	1.51	1.67
Capex/Depreciation Full definition →	(5.88)	(2.42)	(1.96)	(2.88)	(0.87)	2.21	1.93	0.10	(1.95)	(3.41)
Interest Coverage Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ROE Full definition →	12.89%	12.59%	11.38%	11.11%	12.26%	7.36%	4.75%	10.66%	10.45%	9.77%
ROA Full definition →	6.68%	6.44%	5.83%	5.54%	6.01%	3.75%	2.48%	5.43%	5.40%	5.25%
ROIC Full definition →	4.36%	5.02%	4.78%	4.64%	4.70%	3.06%	2.11%	4.66%	4.59%	4.57%
Return on Tangible Assets Full definition →	6.45%	6.35%	5.71%	5.41%	6.02%	4.10%	2.74%	5.59%	5.40%	5.20%
Average Days of Receivables Full definition →	106.53	127.53	130.85	98.74	104.96	117.54	100.89	96.68	94.90	76.66
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	4.10%	4.56%	4.36%	4.37%	4.37%	6.47%	9.10%	6.20%	6.50%	7.86%
Intangible Assets out of Total Assets Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Share Based Compensation of Revenue Full definition →	0.70%	0.94%	0.85%	1.15%	0.92%	2.82%	3.10%	1.44%	1.25%	1.48%
Graham Net Nets Full definition →	(0.34)	(0.32)	(0.32)	(0.31)	(0.38)	(0.34)	(0.38)	(0.36)	(0.28)	(0.27)
Graham Number Full definition →	52.03	53.26	52.45	53.45	56.34	42.68	30.75	45.30	47.08	47.17
Earnings Yield Full definition →	5.20%	5.15%	4.88%	4.52%	5.99%	4.25%	2.78%	5.62%	4.53%	3.97%
Free Cash Flow Yield Full definition →	(6.54%)	0.73%	1.90%	0.11%	5.02%	15.20%	14.51%	7.95%	1.84%	(1.61%)
Revenue per Share Full definition →	6.37	6.81	7.02	7.33	7.45	6.53	6.21	7.37	7.64	8.01
Operating CF per Share Full definition →	4.53	4.84	4.96	5.55	5.19	4.61	4.14	4.25	4.74	5.05
Capex per Share Full definition →	(9.41)	(4.29)	(3.52)	(5.46)	(1.72)	4.12	3.53	0.17	(3.46)	(6.27)
Free Cash Flow per Share Full definition →	(4.88)	0.56	1.44	0.09	3.47	8.74	7.67	4.42	1.28	(1.23)
Cash per Share Full definition →	0.12	0.07	0.11	0.12	0.97	0.82	0.43	0.52	0.55	0.42
Shareholders Equity per Share Full definition →	31.00	32.33	33.13	34.51	34.07	33.18	28.59	29.14	31.37	32.63
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	31.00	32.33	33.13	34.51	34.07	33.18	28.59	29.14	31.37	32.63
Free Cash Flow Full definition →	(190.38)	22.75	60.22	3.77	155.06	399.38	343.31	191.93	56.02	(57.47)
Working Capital Full definition →	189.77	225.61	336.50	405.09	406.29	410.38	303.42	318.03	342.61	258.08
Capital Expenditures Full definition →	(367.01)	(175.34)	(147.64)	(237.19)	(77.09)	188.52	157.97	7.48	(151.75)	(294.03)
Net Current Asset Value Full definition →	(983.40)	(981.80)	(1,004.47)	(1,112.58)	(1,166.07)	(888.33)	(898.02)	(871.76)	(858.62)	(965.37)
EV/EBIT Full definition →	24.84	21.44	21.78	22.86	20.31	28.73	43.00	19.92	22.71	24.15
Capex to Sales Full definition →	1.48	0.63	0.50	0.75	0.23	(0.63)	(0.57)	(0.02)	0.45	0.78
Net Profit Margin Full definition →	60.99%	57.19%	52.39%	50.45%	55.62%	37.43%	23.87%	42.40%	41.13%	37.80%
Price to Operating Income Full definition →	17.97	15.67	15.52	16.26	13.81	19.70	29.11	13.64	16.59	18.30
Other line items
Depreciation/Fixed assets Full definition →	0.03	0.03	0.03	0.03	0.03	0.04	0.04	0.04	0.04	0.03
Cash ROIC Full definition →	(85.11%)	(84.50%)	(80.68%)	(78.79%)	(79.44%)	(75.32%)	(78.99%)	(79.39%)	(78.70%)	(82.46%)
Accounts Receivable Turnover Full definition →	3.76	3.28	2.90	3.32	3.66	3.11	3.21	3.96	3.90	4.52
Accounts Payable Turnover Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	1.15	1.32	1.17	1.50
Inventory Turnover Full definition →	—	—	—	—	—	—	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	335.38	316.29	326.18	262.00
Days of Inventory on Hand Full definition →	—	—	—	—	—	—	0.00	0.00	0.00	0.00
Average Receivables Full definition →	66.15	84.94	101.49	95.83	90.87	95.95	86.55	80.80	85.93	83.02
Average Payables Full definition →	20.51	18.59	18.10	23.10	25.75	24.19	24.54	30.10	36.03	40.75
Average Assets Full definition →	2,268.43	2,474.73	2,648.20	2,896.40	3,081.36	2,979.68	2,673.15	2,497.95	2,551.43	2,705.63
Average Common Equity Full definition →	1,176.03	1,265.85	1,355.92	1,443.98	1,510.60	1,519.96	1,398.53	1,272.24	1,319.89	1,452.55

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National Health Investors, Inc. NHI

National Health Investors, Inc. NHI

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