CareTrust REIT, Inc. (CTRE) vs National Health Investors, Inc. (NHI)

CareTrust REIT, Inc. and National Health Investors, Inc. are both Reit Healthcare Facilities companies. CareTrust REIT, Inc. is the larger, with a market value of $8.8B against $3.3B — 2.7× the size. National Health Investors, Inc. trades at the lower P/E: 19.3× against 23.5×. CareTrust REIT, Inc. grew revenue faster over the last twelve months: 53.0% against 23.9%. CareTrust REIT, Inc. has the higher net margin (62.1% vs 38.5%) and the lower return on invested capital (4.15% vs 4.39%). Both pay a dividend; National Health Investors, Inc. yields more (6.82% vs 5.45%). Across the 22 metrics below, CareTrust REIT, Inc. leads on 11 and National Health Investors, Inc. on 11.

Valuation

Metric CTRE NHI Reit Healthcare Facilities median
P/E 23.53 19.29 23.53
P/S 15.30 7.50 5.39
P/B 1.94 2.05 1.88
Price to free cash flow n/m n/m 17.82
EV/EBITDA 19.77 15.22 15.62
EV/Sales 17.33 10.38 8.52
Earnings yield 4.25% 5.19% 2.66%
Free cash flow yield (6.21%) (1.78%) 3.37%

Profitability

Metric CTRE NHI Reit Healthcare Facilities median
Gross margin 98.39% 76.49% 92.10%
Operating margin 65.76% 45.90% 21.06%
Net margin 62.08% 38.54% 10.19%
Free cash flow margin (95.01%) (13.33%) 7.91%
Return on equity 9.09% 10.86% 4.06%
Return on assets 6.70% 5.88% 2.10%
Return on invested capital 4.15% 4.39% 1.96%

Growth

Metric CTRE NHI Reit Healthcare Facilities median
Revenue growth (TTM) 53.03% 23.94% 15.71%
EPS growth (last fiscal year) 93.83% (3.51%) —
Revenue growth, 5-year CAGR 21.72% 2.45% 9.60%
Net income growth, 5-year CAGR 31.65% (5.17%) 0.00%

Health

Metric CTRE NHI Reit Healthcare Facilities median
Debt to equity 0.27 0.81 0.84
Current ratio 0.57 6.78 3.05
Net debt to EBITDA 1.66 4.06 5.50

Dividend

Metric CTRE NHI Reit Healthcare Facilities median
Dividend yield 5.45% 6.82% 7.11%
Payout ratio 3.17 1.42 2.85

Size

Metric CTRE NHI Reit Healthcare Facilities median
Market cap 8.82b 3.30b 4.18b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack