stockrowNational 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
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National Health Investors, Inc. (NHI) Gross margin
National Health Investors, Inc.'s gross margin over the twelve months to 30 June 2026 was 76.5%, down 7.3 percentage points from fiscal 2025 (83.8%). Over the past ten years it has ranged from 83.8% (fiscal 2025) to 100.0% (fiscal 2021) — the current reading is the lowest in ten years. That is below the Reit Healthcare Facilities industry median of 80.8% and above the Real Estate sector median of 62.8%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 83.8% | (3.61) |
| FY2024 | 87.4% | (0.23) |
| FY2023 | 87.6% | (2.25) |
| FY2022 | 89.9% | (10.13) |
| FY2021 | 100.0% | 0.00 |
| FY2020 | 100.0% | 0.00 |
| FY2019 | 100.0% | 0.00 |
| FY2018 | 100.0% | 0.00 |
| FY2017 | 100.0% | 0.00 |
| FY2016 | 100.0% | 0.00 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 72.2% | (3.35) |
| Mar 2026 | 75.5% | (2.33) |
| Dec 2025 | 77.9% | (4.05) |
| Sep 2025 | 81.9% | (6.62) |
| 42 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| SBRA Sabra Healthcare REIT, Inc. compare | 100.0% |
| LTC LTC Properties, Inc. compare | 100.0% |
| CTRE CareTrust REIT, Inc. compare | 98.4% |
| MPT Medical Properties Trust, Inc. compare | 95.9% |
| NHI National Health Investors, Inc. | 76.5% |
| HR Healthcare Realty Trust Incorporated compare | 62.2% |
| DHC Diversified Healthcare Trust compare | 21.2% |
| AHR American Healthcare REIT, Inc. compare | 20.2% |
| NHP National Healthcare Properties, Inc. compare | 0.00% |
| Reit Healthcare Facilities industry median | 80.8% |
| Real Estate sector median | 62.8% |
| Market median | 46.0% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on NHI
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement