National Health Investors, Inc. (NHI) vs Omega Healthcare Investors, Inc. (OHI)

National Health Investors, Inc. and Omega Healthcare Investors, Inc. are both Reit Healthcare Facilities companies. Omega Healthcare Investors, Inc. is the larger, with a market value of $14.0B against $3.3B — 4.3× the size. Omega Healthcare Investors, Inc. trades at the lower P/E: 16.4× against 19.3×. National Health Investors, Inc. grew revenue faster over the last twelve months: 23.9% against 15.0%. Omega Healthcare Investors, Inc. has the higher net margin (68.5% vs 38.5%) and the higher return on invested capital (9.08% vs 4.39%). Both pay a dividend; Omega Healthcare Investors, Inc. yields more (8.96% vs 6.82%). Across the 22 metrics below, Omega Healthcare Investors, Inc. leads on 17 and National Health Investors, Inc. on 5.

Valuation

Metric NHI OHI Reit Healthcare Facilities median
P/E 19.29 16.37 23.53
P/S 7.50 10.80 5.39
P/B 2.05 2.45 1.88
Price to free cash flow n/m 16.64 17.82
EV/EBITDA 15.22 12.09 15.62
EV/Sales 10.38 10.66 8.52
Earnings yield 5.19% 6.11% 2.66%
Free cash flow yield (1.78%) 6.01% 3.37%

Profitability

Metric NHI OHI Reit Healthcare Facilities median
Gross margin 76.49% 100.00% 92.10%
Operating margin 45.90% 61.94% 21.06%
Net margin 38.54% 68.52% 10.19%
Free cash flow margin (13.33%) 64.92% 7.91%
Return on equity 10.86% 16.22% 4.06%
Return on assets 5.88% 8.54% 2.10%
Return on invested capital 4.39% 9.08% 1.96%

Growth

Metric NHI OHI Reit Healthcare Facilities median
Revenue growth (TTM) 23.94% 15.02% 15.71%
EPS growth (last fiscal year) (3.51%) 25.16% —
Revenue growth, 5-year CAGR 2.45% 5.93% 9.60%
Net income growth, 5-year CAGR (5.17%) 29.99% 0.00%

Health

Metric NHI OHI Reit Healthcare Facilities median
Debt to equity 0.81 0.00 0.84
Current ratio 6.78 6.03 3.05
Net debt to EBITDA 4.06 4.03 5.50

Dividend

Metric NHI OHI Reit Healthcare Facilities median
Dividend yield 6.82% 8.96% 7.11%
Payout ratio 1.42 2.60 2.85

Size

Metric NHI OHI Reit Healthcare Facilities median
Market cap 3.30b 14.04b 4.18b

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