National Health Investors, Inc. logo NHI - National Health Investors, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 6
HOLD 11
SELL 1
STRONG
SELL
0
| PRICE TARGET: $85.40 DETAILS
HIGH: $88.00
LOW: $83.00
MEDIAN: $85.00
CONSENSUS: $85.40
UPSIDE: 11.75%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 378.5 335.2 319.8 278.2 298.7 332.8 318.1 294.6 278.7 248.5 229.0 177.5 117.8 97.0 82.7 78.4 64.2 63.0 62.3 150.7 157.4 155.6 162.5 171.8 139.2 147.5 131.2 102.3 110.2 99.4 87.9 71.4 49.5
Cost of Revenue 239.6 11.2 11.5 9.8 11.6 9.7 5.8 1.2 1.0 1.0 1.0 0.6 0.6 0.8 0 2.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit 138.9 324.0 308.3 268.4 287.1 323.2 312.3 293.4 277.7 247.5 228.0 176.9 117.2 96.2 82.7 76.4 64.2 63.0 62.3 150.7 157.4 155.6 162.5 171.8 139.2 147.5 131.2 102.3 110.2 99.4 87.9 71.4 49.5
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 0 21.8 19.8 25.3 19.3 14.6 13.9 12.9 12.7 10.2 11.0 9.3 10.0 8.6 8.0 8.8 7.2 5.2 5.7 5.3 4.3 3.5 3.1 2.4 3.3 3.5 3.3 3.9 3.7 3.7 3.4 0 0
Other Expenses (55.9) 118.4 109.7 110.3 82.5 83.7 78.4 71.3 67.2 1.7 53.2 38.1 3.3 4.8 12.8 11.1 7.4 8.6 2.4 95.2 116.7 96.2 101.9 127.2 115.8 81.8 99.9 47.9 53.3 49.2 0 0 0
Operating Expenses (55.9) 140.2 129.5 135.6 101.8 98.2 92.3 85.4 80.8 70.8 65.1 48.0 30.8 25.9 20.8 19.9 14.6 13.7 8.0 100.5 121.0 99.7 105.0 129.7 119.1 85.3 103.1 51.8 57.0 52.9 (7.6) (10.5) (8.2)
Operating Income
Operating Income 194.8 183.9 178.8 132.8 185.3 224.9 220.0 209.2 197.8 177.7 163.9 106.2 77.8 71.0 61.9 58.5 49.6 49.3 54.3 50.2 36.4 55.8 57.5 42.1 20.0 62.3 28.0 50.5 53.2 46.5 95.5 81.9 57.7
Interest Expense 57.4 56.1 55.5 42.4 48.1 0 56.3 49.1 0 43.1 0 0 9.2 3.5 3.8 1.6 0.1 0.3 4.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 23.8 0 (2.6) 0 0 0 0 0 0 0.0 0 0 0 0 0 0 1.2 6.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 282 264.2 259.9 178.7 240.9 318.0 290.8 280.6 265.0 236.1 179.4 167.1 107.6 87.7 76.0 68.1 57.6 53.3 82.9 66.3 49.4 55.3 72.8 247.8 233.2 77.6 91.4 60.2 61.2 54.5 101.6 87.2 62.9
EBIT 198.2 192.7 189.9 107.9 160.1 234.8 214.0 200.1 201.9 193.0 126.2 126.4 87.5 76.0 64.1 63.3 49.0 45.4 71.1 54.5 36.8 40.8 72.5 232.2 218.8 62.3 79.2 50.5 121.5 46.5 95.5 81.9 57.7
Income Before Tax 140.8 136.6 134.4 65.4 112.0 185.3 160.4 154.3 159.4 153.5 149.6 103.1 79.5 74.7 81.1 69.4 64.2 57.5 67.6 62.9 53.7 67.5 0 47.2 0 0 0 0 0 0 0 0 0
Income Tax Expense 0 (0.0) 0 (0.1) 0.1 0 0 (9.2) 0 0.7 (0.7) 24.7 (17.1) (12.5) (19.3) (10.9) (14.6) (8.2) (42.1) (18.8) (17.6) (0.5) 13.7 11.8 21.2 29.7 (24.9) (18.4) (22.2) (19.5) 45.8 43 33.3
Net Income 142.2 138.0 135.7 66.4 111.8 185.1 160.5 154.3 159.4 151.5 148.9 101.6 106.2 90.7 81.1 69.4 64.2 57.5 96.4 69.2 54.4 56.4 43.8 30.8 (0.1) 33.7 53.6 69.6 75.4 67.2 49.7 38.9 24.4
Per Share Data
EPS (Basic) 3.03 3.14 3.13 0.52 1.36 3.03 2.40 3.68 3.90 3.88 3.96 3.04 3.74 3.26 2.93 2.51 2.33 2.08 3.48 2.50 1.96 2.05 1.58 1.10 -0.00 1.31 2.13 2.72 3.01 2.92 2.63 2.35 1.95
EPS (Diluted) 3.02 3.13 3.13 0.51 1.36 3.03 2.38 3.67 3.87 3.87 3.95 3.04 3.74 3.26 2.92 2.50 2.32 2.07 3.47 2.49 1.96 2.03 1.57 1.10 -0.00 1.31 2.13 2.69 2.92 2.80 2.49 2.28 1.95
Shares Outstanding 46.9 43.8 43.4 44.8 45.7 44.7 43.4 41.9 40.9 39.0 37.6 33.4 28.4 27.8 27.7 27.7 27.6 27.7 27.7 27.7 27.7 27.3 26.7 26.5 24.5 24.4 24.4 25.0 24.4 21.9 16.4 13.3 12.5
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 19.6 24.3 22.3 19.3 37.4 43.3 5.2 4.7 3.1 4.8 45.7 100.2 161.2 93.7 43.1 13.6 47.2 16.7 20.4 64.9 3.4 0 0 0
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 21.3 26.6 67.2 26.8 15.8 27.3 39.1 49.7 0 0 0 0 0 0
Net Receivables 290.6 370.4 345.6 318.2 408.9 98.3 89.3 119.5 99.8 215.2 2.2 1.7 6.4 149.9 208.1 222.5 323.9 327.2 398.7 5.2 524.6 6.1 0 0
Inventory 0 0 0 0 0 0 0 0 (2,545.8) (2,403.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 0 2.2 7.3 45.5 68.5 9.2 83.1 5.3 5.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 310.2 396.9 375.2 383.0 514.8 150.8 177.6 368.0 247.1 219.9 69.2 128.6 167.6 98.0 49.9 22.0 410.2 393.6 419.1 515.7 528.0 6.1 0 0
Non-Current Assets
Property, Plant & Equipment 0 0 0 0 0 2,667.4 2,560.4 2,366.9 2,285.7 2,159.8 223.9 181.3 278.2 289.5 304.4 323.3 278.0 316.0 245.5 200.1 184.3 123.2 118.2 113.4
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 2,480.0 0 0 0 0 0 0 0 0 11.7 38.1 38.1 67.2 81.0 90.3 101.8 113.6 125.5 101.8 37.2 36.6 0 0 0
Other Non-Current Assets 6.7 2,217.5 2,113.3 2,124.4 2,324.1 302.2 304.3 (2,734.9) (2,532.8) 2,172.0 128.1 109.1 (345.4) (370.5) (394.7) (425.0) (391.6) (441.5) (347.3) (237.2) (220.8) (123.2) (118.2) (113.4)
Total Non-Current Assets 2,486.7 2,217.5 2,113.3 2,124.4 2,324.1 2,969.6 2,864.7 2,382.5 2,298.7 2,183.8 390.1 328.5 345.4 370.5 394.7 425.0 391.6 441.5 347.3 237.2 220.8 123.2 0 0
Total Assets 2,796.9 2,614.4 2,488.5 2,507.4 2,838.9 3,120.5 3,042.2 2,750.6 2,545.8 2,403.6 459.4 457.1 631.4 624.4 651.1 672.6 767.0 788.5 769.2 756.6 751.1 641.9 636.3 427.7
Current Liabilities
Account Payables 0 37.8 34.3 25.9 23.2 18.0 22.9 19.9 16.3 20.9 2.8 4.4 24.4 27.5 23.9 19.8 14.7 7.2 1.7 0 1.1 0 0 0
Short-Term Debt 125 331.2 245 42 0 7.1 0 0 0 0 0 4.0 0 0 0 0 83 88 58.5 0 0 0 0 0
Deferred Revenue 0 4.3 6.0 5.1 5.7 0 0 6.0 (1,145.5) 0.9 0.9 0.1 3.3 3.6 4.8 6.0 0 0 0 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0 49.8 46.8 (19.9) (1.9) (56.7) (19.8) (27.3) 6.7 (44.3) (42.6) (42.6) (97.7) (74.0) (43.9) (22.6) (20.5) 0 0 0
Total Current Liabilities 125 414.4 324.4 112.0 70.2 75.0 69.7 68.5 56.9 56.7 20.7 27.4 50.3 51.2 47.2 47.7 28.7 39.3 34.3 37.8 31.7 0 0 0
Non-Current Liabilities
Long-Term Debt 1,038.8 814.8 890.1 1,105.5 1,242.9 1,499.3 1,443.9 1,281.7 1,166.8 1,116.0 0 4.0 155.5 163.5 0 164.5 340.9 356.6 310.2 274.7 309.7 255.2 387 309.3
Deferred Tax Liabilities 0 0 0 0 0 0 0 (59.3) (981.8) (58.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 88.2 0 0 0 0 23.3 30.4 0 1.9 3.4 23.0 23.3 (158.8) 44.1 0 (164.5) (348.2) (7.6) (8.1) (8.3) (9.2) (255.2) (387) (309.3)
Total Non-Current Liabilities 1,132.0 814.8 890.1 1,105.5 1,251.7 1,522.5 1,474.3 1,292.3 1,166.8 1,137.3 4.0 0.1 155.5 163.5 203.4 227.1 340.9 356.6 310.2 274.7 309.7 255.2 387 309.3
Total Liabilities 1,257.0 1,229.2 1,214.4 1,217.5 1,321.9 1,597.5 1,544.0 1,360.9 1,223.7 1,194.0 24.7 27.5 205.8 214.7 250.6 274.8 369.6 395.9 344.5 312.5 341.4 284.9 412.4 327.1
Stockholders' Equity
Common Stock 0.5 0.5 0.4 0.4 0.5 0.5 0.4 0.4 0.4 0.4 0.3 0.3 0.3 0.3 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0 0 0
Retained Earnings (401.7) 2,604.8 2,466.8 2,331.2 (84.6) 0 (5.3) 18.1 32.6 29.9 (39.6) (40.4) (56.0) (61.3) (58.0) (50.1) (36.4) (37.1) (17.0) (11.1) (12.0) 128.4 78.7 39.8
Accumulated Other Comprehensive Income 0 0 0 0 0 (29.2) (3.4) 1.3 (0.8) 5.7 14.1 10.8 20.1 10.8 (98.7) (6.5) (14.4) (15.2) (3.3) (36.9) (28.9) 0 0 0
Total Stockholders' Equity 1,521.5 1,366.5 1,254.0 1,270.2 1,507.1 1,512.2 1,497.6 1,389.7 1,322.1 1,209.6 434.6 429.6 425.5 409.6 400.4 397.8 397.4 392.6 424.7 444.1 409.7 357 223.9 100.6
Total Liabilities & Equity 2,796.9 2,614.4 2,488.5 2,507.4 2,838.9 3,120.5 3,042.2 2,750.6 2,545.8 2,403.6 459.4 457.1 631.4 624.4 651.1 672.6 767.0 788.5 769.2 756.6 751.1 641.9 636.3 427.7
Debt Metrics
Total Debt 1,163.8 1,146.0 1,135.1 1,147.5 1,251.7 1,506.4 1,443.9 1,292.3 1,166.8 1,137.3 0 4.0 155.5 163.5 203.4 227.1 423.9 444.6 368.7 274.7 309.7 255.2 387 309.3
Net Debt 1,144.2 1,121.8 1,112.7 1,128.2 1,214.3 1,463.1 1,438.7 1,287.7 1,163.7 1,132.5 (45.7) (96.3) (5.7) 69.8 160.3 213.5 376.7 427.9 348.2 209.8 306.3 255.2 387 309.3
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income 142.2 138.0 134.4 65.5 112.0 185.3 160.4 154.3 159.4 152.7 54.4 56.4 43.8 30.8 (0.1) 33.7 53.6 69.6 75.4 67.2 49.7 38.9 24.4
Depreciation & Amortization 83.8 74.3 70.0 70.9 80.8 83.2 76.8 75.8 73.0 63.1 12.6 14.5 15.4 16.4 14.7 14.2 11.5 9.0 8.0 6.8 6.1 5.3 5.2
Stock-Based Compensation 0 0 4.6 8.6 8.4 3.1 3.6 2.5 2.6 1.7 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 7.3 (2.6) 3.3 (2.7) (0.4) (6.7) 18.7 (0.6) (2.5) 2.4 (5.2) (4.6) 3.6 6.2 15.8 9.1 (11.4) 8.0 8.0 9.5 (1.2) 9 6.6
Other Non-Cash Items 6.9 (1.6) (27.8) 43.0 39.2 (32.6) (19.5) (30.0) (27.3) (23.9) (2.8) (9.1) 5.3 12.7 29.3 6.6 19.7 (1.7) (1.5) (6.8) 0.6 (4.6) (3.3)
Operating Cash Flow 240.2 208.2 184.4 185.3 210.9 232.1 241.0 207.9 197.3 177.2 59.0 57.1 68.0 66.1 59.8 63.6 73.4 84.9 89.9 76.7 55.2 48.6 32.9
Investing Activities
Capital Expenditure (20.0) (15.7) (3.7) (4.6) (0.1) (0.2) (18.0) (147.6) (175.3) (367.0) (12.3) (1.7) (10.0) (16.6) (1.9) (3.2) (14.3) (40.7) (23.8) (67.9) (11.1) (10.1) (15.4)
Acquisitions 1.7 1.2 0 11.7 (187.5) (0.9) 0.6 0 0 (17) 14.5 4.4 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (345.2) (202.6) 0 (86.2) (119.1) 0 (327.4) (238.7) (217.8) (483.4) (22.1) (1.0) 0 0 (23.7) (41.5) (55.3) (135.8) (115.9) (153.1) 0 0 0
Sales/Maturities of Investments 92.3 25.6 0 288.2 306.7 0 2.9 4.3 18.2 59.6 14.8 10.8 0.4 6.3 17.9 13.1 0 0 0 0 0 0 0
Other Investing Activities 0 0 (7.9) (11.2) 185.3 (88.7) (0.6) (102.6) (6.7) (22.4) 5.4 53.2 74.3 33.5 49.6 60.7 16.3 97.8 188.9 105.1 0.4 (203.5) (158.1)
Investing Cash Flow (271.1) (191.5) (11.6) 197.9 185.3 (89.7) (342.5) (250.3) (163.8) (329.8) 0.3 65.7 64.7 23.2 41.9 29.2 (53.4) (78.7) 49.2 (115.9) (10.7) (213.6) (173.5)
Financing Activities
Net Debt Issuance 14.3 7.3 (12.4) (93.4) (199.6) 54.3 192.3 268.9 (61.7) 74.2 (37.2) (7.7) 0.3 (19.3) (125.6) (34.2) 80.3 112.9 (3.3) 387.3 (62.6) 96.5 167.3
Stock Repurchased 0 0 0 (152.0) 0 0 0 0 0 0 0 (0.6) 0 0 (7.8) (3) 0 (33.3) 0 0 0 0 0
Dividends Paid (169.7) (156.5) (156.2) (161.8) (182.9) (194.6) (179.7) (165.4) (153.0) (138.3) (53.3) (48.6) (43.0) (41.1) (1.9) (51.1) (73.8) (75.8) (73.6) (64.5) (44.1) (38.1) (26.5)
Other Financing Activities (2.1) (7.9) (1.1) 5.9 (68.4) (6.1) (1.1) (141.0) 57.5 104.0 0 0 (39.9) 0 0 20 (30.3) (56.6) (0.0) (284.9) (1.4) (5.2) (4.2)
Financing Cash Flow 24.0 (14.7) (169.7) (401.3) (403.0) (111.8) 107.3 44.3 (35.1) 144.2 (88.1) (55.3) (82.1) (59.9) (135.3) (62.3) (23.8) (50.7) (77.6) 40.5 (42.4) 163.4 136.7
Cash Position
Net Change in Cash (4.7) 1.9 3.1 (18.0) (6.9) 30.7 5.8 1.8 (1.6) (8.5) (28.7) 67.5 50.6 29.5 (33.6) 30.5 (3.7) (44.5) 61.5 1.3 2.1 (1.6) (3.9)
Cash at Beginning 24.3 22.3 21.5 39.5 46.3 15.7 9.9 8.1 4.6 13.3 161.2 93.7 43.1 13.6 47.2 16.7 20.4 64.9 3.4 2.1 0 1.6 5.5
Cash at End 19.6 24.3 24.6 21.5 39.5 46.3 15.7 9.9 3.1 4.8 132.5 161.2 93.7 43.1 13.6 47.2 16.7 20.4 64.9 3.4 2.1 0 1.6
Free Cash Flow 220.3 192.4 180.7 180.7 210.8 232.0 223.0 60.2 22.0 (189.8) 46.7 55.4 58.0 49.5 57.8 60.4 59.1 44.2 66.1 8.8 44.1 38.5 17.5
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 378.5 335.2 319.8 278.2 298.7 332.8 318.1 294.6 278.7 248.5 229.0 177.5 117.8 97.0 82.7 78.4 64.2 63.0 62.3 150.7 157.4 155.6 162.5 171.8 139.2 147.5 131.2 102.3 110.2 99.4 87.9 71.4 49.5
Gross Profit 138.9 324.0 308.3 268.4 287.1 323.2 312.3 293.4 277.7 247.5 228.0 176.9 117.2 96.2 82.7 76.4 64.2 63.0 62.3 150.7 157.4 155.6 162.5 171.8 139.2 147.5 131.2 102.3 110.2 99.4 87.9 71.4 49.5
Operating Income 194.8 183.9 178.8 132.8 185.3 224.9 220.0 209.2 197.8 177.7 163.9 106.2 77.8 71.0 61.9 58.5 49.6 49.3 54.3 50.2 36.4 55.8 57.5 42.1 20.0 62.3 28.0 50.5 53.2 46.5 95.5 81.9 57.7
Net Income 142.2 138.0 135.7 66.4 111.8 185.1 160.5 154.3 159.4 151.5 148.9 101.6 106.2 90.7 81.1 69.4 64.2 57.5 96.4 69.2 54.4 56.4 43.8 30.8 (0.1) 33.7 53.6 69.6 75.4 67.2 49.7 38.9 24.4
EPS (Diluted) 3.02 3.13 3.13 0.51 1.36 3.03 2.38 3.67 3.87 3.87 3.95 3.04 3.74 3.26 2.92 2.50 2.32 2.07 3.47 2.49 1.96 2.03 1.57 1.10 -0.00 1.31 2.13 2.69 2.92 2.80 2.49 2.28 1.95
Balance Sheet
Cash & Equivalents 19.6 24.3 22.3 19.3 37.4 43.3 5.2 4.7 3.1 4.8 45.7 100.2 161.2 93.7 43.1 13.6 47.2 16.7 20.4 64.9 3.4 0 0 0
Total Assets 2,796.9 2,614.4 2,488.5 2,507.4 2,838.9 3,120.5 3,042.2 2,750.6 2,545.8 2,403.6 459.4 457.1 631.4 624.4 651.1 672.6 767.0 788.5 769.2 756.6 751.1 641.9 636.3 427.7
Total Debt 1,163.8 1,146.0 1,135.1 1,147.5 1,251.7 1,506.4 1,443.9 1,292.3 1,166.8 1,137.3 0 4.0 155.5 163.5 203.4 227.1 423.9 444.6 368.7 274.7 309.7 255.2 387 309.3
Stockholders' Equity 1,521.5 1,366.5 1,254.0 1,270.2 1,507.1 1,512.2 1,497.6 1,389.7 1,322.1 1,209.6 434.6 429.6 425.5 409.6 400.4 397.8 397.4 392.6 424.7 444.1 409.7 357 223.9 100.6
Cash Flow
Operating Cash Flow 240.2 208.2 184.4 185.3 210.9 232.1 241.0 207.9 197.3 177.2 59.0 57.1 68.0 66.1 59.8 63.6 73.4 84.9 89.9 76.7 55.2 48.6 32.9
Capital Expenditure (20.0) (15.7) (3.7) (4.6) (0.1) (0.2) (18.0) (147.6) (175.3) (367.0) (12.3) (1.7) (10.0) (16.6) (1.9) (3.2) (14.3) (40.7) (23.8) (67.9) (11.1) (10.1) (15.4)
Free Cash Flow 220.3 192.4 180.7 180.7 210.8 232.0 223.0 60.2 22.0 (189.8) 46.7 55.4 58.0 49.5 57.8 60.4 59.1 44.2 66.1 8.8 44.1 38.5 17.5