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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) P/E ratio

Alert me on P/E ratio

As of 6 November 2026, National Health Investors, Inc. (NHI) trades at a P/E ratio of 20.5×. Over the past ten years it has ranged from 8.9× (April 2020) to 46.0× (August 2022); the current reading is higher than 48% of that period. That is below the Reit Healthcare Facilities industry median of 25.4× and below the Real Estate sector median of 23.7×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 25.2× 14.20%
FY2024 22.1× 24.09%
FY2023 17.8× (50.51%)
FY2022 35.9× 52.58%
FY2021 23.6× 40.97%
FY2020 16.7× (24.54%)
FY2019 22.1× 8.16%
FY2018 20.5× 5.36%
FY2017 19.4× 1.10%
FY2016 19.2× 24.72%

Quarterly newest first

Period P/E ratio Change
Jun 2026 22.0× (15.47%)
Mar 2026 26.0× 3.16%
Dec 2025 25.2× 1.14%
Sep 2025 24.9× 12.31%
42 more quarters

Against its own ten years

Low 8.9× High 46.0×
Ten-year median 20.7×
Current reading's percentile 47

P/E ratio against peers

Company P/E ratio
DHC Diversified Healthcare Trust compare n/m
NHP National Healthcare Properties, Inc. compare n/m
HR Healthcare Realty Trust Incorporated compare n/m
MPT Medical Properties Trust, Inc. compare 4.3×
LTC LTC Properties, Inc. compare 4.6×
NHI National Health Investors, Inc. 20.5×
CTRE CareTrust REIT, Inc. compare 24.0×
SBRA Sabra Healthcare REIT, Inc. compare 74.7×
AHR American Healthcare REIT, Inc. compare 118×
Reit Healthcare Facilities industry median 25.4×
Real Estate sector median 23.7×
Market median 17.8×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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