National Health Investors, Inc.: stock overview

NHINYSEReal estate · Real Estate Investment TrustsREIT

Price

$62.95

November 13, 2026Market cap $3.0B

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See the plans
  • The full history: 17 fiscal years, from 2009
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

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In short

National Health Investors had revenue of $456M over the last 12 months and net income of $697M, a net margin of 153.0%. Revenue grew by 2.5% a year on average over the last 5 years. At $62.95 the shares trade at a P/E of 4.4, against a median of 23.6 over the last 5 fiscal years. It has net debt of $775M. It pays a dividend yielding 5.88%.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$3.0B
48.39M shares
P/E
4.4
Today4.4
Median23.6
Revenue, 12 months
$456M
+2.5% a year over 5 years
Net margin
153.0%
2025: 37.9%, above 84% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

+8.4% a year over 2 years

  • 202510-K
    Revenue$376M
  • 202410-K
    Revenue$335M
  • 202310-K
    Revenue$320M

Fiscal years in figures

NHI's revenue, profit, cash flow and dividend with each year-end price, from 2009 to 2022, 14 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $3.2B
$3.0B
Enterprise value 
–
P/E 3-year median: 22.1
4.4
EV / EBIT 
–
EV / Revenue 
–
P/B 3-year median: 2.3
1.5
FCF yield 3-year median: 1.6%
–
Earnings yield 3-year median: 4.5%
22.9%

Profitability

Net margin 3-year median: 41.2%
153.0%
ROIC 
–
ROE 
42.6%

Growth

Revenue, yearly change 
+12.1%
EPS, yearly change 
-3.5%
FCF, yearly change 
-215.3%
Revenue, average a year 
+2.5%
EPS, average a year 
-6.1%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$278M
Total debt 
$1.1B
Net debt 
$775M
Net debt / EBITDA 
–
Interest cover 
–
Current ratio 
–

Balance sheet of September 30, 2026.

Returns to shareholders

Dividend yield 3-year median: 5.2%
5.88%
Buybacks 
–
Total returned 
5.88%
Shares, yearly change 
+5.9%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 67).

Net margin

37.9%

Above 84% of the 212 companies in its industry, and 96% of all.

ROE

9.3%

Above 76% of the 204 companies in its industry, and 58% of all.

ROA

5.1%

Above 89% of the 221 companies in its industry, and 72% of all.

Revenue growth

12.1%

Above 79% of the 211 companies in its industry, and 67% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
NATIONAL HEALTH INVESTORS INC
CIK
877860
Exchange
NYSE
Industry (SIC)
6798 · Real Estate Investment Trusts
Fiscal year ends
December 31
Latest annual report
December 31, 2025
Reporting currency
USD
Shares
48.39M

Other companies: Real estate

The largest companies of the same sector, each with its own page.

The Real estate sectorAll companies

The full analysis

What do National Health Investors's filings show?

These are National Health Investors's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about NHI

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What is NHI's market cap?

National Health Investors, Inc.'s market cap is $3.0B, at a price of $62.95 on November 13, 2026 and 48.39M shares.

What is NHI's P/E?

NHI's P/E is 4.4, on earnings per share of $14.24 over the last 12 months. The median over the last 5 fiscal years was 23.6.

How much revenue does NHI have?

National Health Investors had revenue of $456M over the last 12 months. Over the last 5 years it changed by +2.5% a year on average.

Does NHI pay a dividend?

Yes. National Health Investors paid $3.70 per share over the last 12 months, a yield of 5.88% at today's price. All the figures are in the Dividend section.

Where do the figures come from?

From National Health Investors, Inc.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.