Pricing Log in Create free account
Saturday 7 November 2026 Export NHI’s income statement to Excel — free account

National Health Investors, Inc.

NHI Real Estate Reit Healthcare Facilities

National Health Investors, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $375.6 million, up 12.1% from fiscal 2024.

Revenue
+33.8%
EPS
+45.6%
Free cash flow
+2,585.5%
Total debt
+13.9%

Quarter to June 2026, against a year earlier

71.11 0.47 −0.66%
Market cap
$3.5B
P/E
20.5×
Fwd P/E
16.5×
Dividend yield
5.20%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

National Health Investors, Inc. (NHI) EV/EBITDA

Alert me on EV/EBITDA

As of 6 November 2026, National Health Investors, Inc. (NHI) trades at a EV/EBITDA of 15.9×. Over the past ten years it has ranged from 9.6× (March 2020) to 25.8× (August 2022); the current reading is higher than 37% of that period. That is below the Reit Healthcare Facilities industry median of 17.6× and in line with the Real Estate sector median of 15.3×.

EV/EBITDA, daily

Embed this chart

Annual newest first

Period EV/EBITDA Change
FY2025 16.8× 5.19%
FY2024 15.9× 13.69%
FY2023 14.0× (34.60%)
FY2022 21.4× 22.31%
FY2021 17.5× 20.39%
FY2020 14.5× (12.28%)
FY2019 16.6× 4.32%
FY2018 15.9× 1.34%
FY2017 15.7× (12.48%)
FY2016 17.9× 24.16%

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 16.8× (5.46%)
Mar 2026 17.7× 5.80%
Dec 2025 16.8× (3.55%)
Sep 2025 17.4× 6.62%
42 more quarters

Against its own ten years

Low 9.6× High 25.8×
Ten-year median 16.5×
Current reading's percentile 37

EV/EBITDA against peers

Company EV/EBITDA
LTC LTC Properties, Inc. compare 5.7×
HR Healthcare Realty Trust Incorporated compare 9.8×
NHI National Health Investors, Inc. 15.9×
NHP National Healthcare Properties, Inc. compare 17.6×
DHC Diversified Healthcare Trust compare 18.8×
SBRA Sabra Healthcare REIT, Inc. compare 20.0×
CTRE CareTrust REIT, Inc. compare 21.5×
MPT Medical Properties Trust, Inc. compare 27.3×
AHR American Healthcare REIT, Inc. compare 31.2×
Reit Healthcare Facilities industry median 17.6×
Real Estate sector median 15.3×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

More on NHI