NATIONAL HEALTH INVESTORS INC
Company Stats
- Market Cap
- $3.2B
- as of Sep 30, 2026
- Enterprise Value
- $4.4B
- Shares Outstanding
- 49.1M
- Free Float
- 91.7%
Income Statement
- Revenue
- $375.6M
- Net Income
- $142.2M
- Revenue Growth, 3Y
- 10.5%
- FCF Margin, 3Y Avg
- 13.9%
- FCF Margin, Worst Year
- -15.3%
Cash Flow
- Free Cash Flow
- -$57.5M
- FCF Yield
- -1.8%
- Owner FCF Yield
- -2.0%
Balance Sheet
- Cash & Equivalents
- $19.6M
- Total Debt
- $1.2B
- Net Debt
- $1.1B
Returns & Capital
- Dividends Paid
- $169.7M
- Dividend Yield
- 5.3%
- Dividend Payout, 3Y Avg
- 116.0%
- SBC, 3Y Avg
- $4.8M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $375.6M | -$57.5M | -15.3% |
| FY2024 | $335.2M | $49.8M | 14.9% |
| FY2023 | $319.8M | $134.9M | 42.2% |
| FY2022 | $278.2M | $174.3M | 62.7% |
| FY2021 | $298.7M | $160.5M | 53.7% |
Annual filing data through FY ended December 31, 2025; shares and float as of October 8, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges