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National Health Investors, Inc. (NHI)

NYSE Real Estate Health Care REITs S&P SmallCap 600
$71.24
-0.34 (-0.47%)
Close of Nov 06, 2026 · end-of-day data
Source: National Health Investors, Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$248.46M$278.66M$294.61M$318.08M$0$0$35.80M$48.81M$54.42M$80.06M
Interest expense$43.11M$46.32M$49.05M$56.30M$52.88M$50.81M$44.92M$58.16M$59.90M$57.37M
Pre-tax income$118.77M$151.49M$155.07M$161.27M——————
Income tax$854.00K$124.00K$138.00K———————
Net income$151.54M$159.37M$154.33M$160.46M$185.13M$111.80M$66.40M$135.65M$137.99M$142.18M
EPS (basic)$3.88$3.90$3.68$3.70$4.14$2.45$1.48$3.13$3.14$3.03
EPS (diluted)$3.87$3.87$3.67$3.67$4.14$2.44$1.48$3.13$3.13$3.02
Diluted shares39.16M41.15M42.09M43.70M44.70M45.73M44.79M43.39M44.10M47.05M
Net margin61.0%57.2%52.4%50.4%——185.5%277.9%253.6%177.6%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$4.83M$3.06M$4.66M$5.21M$43.34M$37.41M$19.29M$22.35M$24.29M$19.62M
Receivables$9.21M$2.43M$6.38M$3.21M$2.59M$3.21M$3.62M———
Total assets$2.40B$2.55B$2.75B$3.04B$3.12B$2.84B$2.51B$2.49B$2.61B$2.80B
Long-term debt$1.13B—————————
Total debt$1.13B—————————
Total liabilities$1.19B$1.22B$1.36B$1.54B$1.60B$1.32B$1.22B$1.21B$1.23B$1.26B
Shareholders' equity$1.21B$1.32B$1.39B$1.50B$1.51B$1.51B$1.27B$1.25B$1.37B$1.52B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$176.64M$198.09M$207.87M$240.96M$232.15M$210.86M$185.34M$184.45M$207.77M$236.56M
Capital expenditures$394.74M$175.79M$147.65M$237.19M$116.72M$50.35M$10.99M$49.56M$157.93M$294.03M
Free cash flow-$218.10M$22.30M$60.22M$3.77M$115.42M$160.51M$174.35M$134.89M$49.84M-$57.47M
Investing cash flow-$329.84M-$163.85M-$250.29M-$342.52M-$89.71M$185.28M$197.94M-$11.63M-$192.31M-$269.15M
Financing cash flow$144.16M-$35.05M$44.26M$107.32M-$111.76M-$402.99M-$401.25M-$169.72M-$13.57M$25.71M
Dividends paid$138.30M$153.04M$165.39M$179.74M$194.58M$182.90M$161.77M$156.24M$156.51M$169.70M
Share buybacks————$0$0$151.95M$0$0—
Stock-based compensation$1.73M$2.61M$2.49M$3.65M$5.45M$5.08M$8.61M$4.61M$4.18M$5.58M
Depreciation & amortization$59.52M$67.17M$71.35M$76.82M$83.15M$80.80M$70.88M$69.97M$71.44M$80.94M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.