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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/S ratio

Alert me on P/S ratio

As of 6 November 2026, National Health Investors, Inc. (NHI) trades at a P/S ratio of 8.0×. Over the past ten years it has ranged from 4.6× (March 2020) to 14.4× (January 2015); the current reading is higher than 12% of that period. That is above the Reit Healthcare Facilities industry median of 5.5× and above the Real Estate sector median of 2.9×.

P/S ratio, daily

Embed this chart

Annual newest first

Period P/S ratio Change
FY2025 9.5× 5.13%
FY2024 9.1× 20.03%
FY2023 7.6× (11.18%)
FY2022 8.5× (3.32%)
FY2021 8.8× (5.32%)
FY2020 9.3× (16.48%)
FY2019 11.1× 3.42%
FY2018 10.8× (3.29%)
FY2017 11.1× (5.02%)
FY2016 11.7× 17.12%

Quarterly newest first

Period P/S ratio Change
Jun 2026 8.5× (12.18%)
Mar 2026 9.7× 2.13%
Dec 2025 9.5× (10.14%)
Sep 2025 10.6× 12.94%
42 more quarters

Against its own ten years

Low 4.6× High 14.4×
Ten-year median 10.1×
Current reading's percentile 14

P/S ratio against peers

Company P/S ratio
MPT Medical Properties Trust, Inc. compare 1.0×
DHC Diversified Healthcare Trust compare 1.1×
NHP National Healthcare Properties, Inc. compare 2.6×
AHR American Healthcare REIT, Inc. compare 4.7×
HR Healthcare Realty Trust Incorporated compare 5.8×
SBRA Sabra Healthcare REIT, Inc. compare 5.9×
LTC LTC Properties, Inc. compare 6.1×
NHI National Health Investors, Inc. 8.0×
CTRE CareTrust REIT, Inc. compare 14.9×
Reit Healthcare Facilities industry median 5.5×
Real Estate sector median 2.9×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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