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National Healthcare

NHC

National Healthcare Corp. (NHC) is a comprehensive provider of post-acute healthcare services, operating a diverse network of skilled nursing, assisted living, and independent living facilities.

Market cap
$3.53B+139%
Revenue$1.5B+10.3%
Net income$126.4M+16.9%
Free cash flow$168.4M+54.3%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 1 week)

Financials

Q1 2026

Income statement

See full
Revenue$381.8M+2.2%
Net income$36.1M+11.8%

Balance sheet

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Cash & equivalents$85.5M-5.4%
Total debt$39.3M-80.6%
Total equity$1.1B+8.6%
Total assets$1.5B-1.6%

Cash flow

See full
Operating cash flow$62.5M+59.3%
CapEx$9.6M+57.1%
Free cash flow$52.9M+59.7%

Valuation & ratios

Valuation

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Market cap$3.53B+139%
Enterprise value$3.49B+126%
P/E27.9×+13.8×
P/S2.3×+1.3×

Profitability

See full
Net margin8.3%+0.5pp
FCF margin11%+3.2pp

Returns & leverage

See full
Return on equity12.1%+0.9pp
Debt / equity-0.2×
Current ratio1.9×0.0×

Segments

By segment

See full
Inpatient Services$330.3M+1.5%
Homecare Services$39.5M+9.3%

Competitors

Profile

National Healthcare Corp. (NHC) is a comprehensive provider of post-acute healthcare services, operating a diverse network of skilled nursing, assisted living, and independent living facilities. The company integrates inpatient care with home health, hospice, and behavioral health services to provide a continuum of care for seniors. Beyond direct patient care, NHC leverages its operational expertise to provide management, financial, and insurance services to third-party healthcare operators.

Competitive position

NHC is a significant regional provider that differentiates itself through a high CMS Five-Star Quality Rating and a vertically integrated model that links inpatient facilities with home-based services.

GeographiesUnited States, Southeastern US, Midwestern US
Customer segmentsSeniors, Government Payors, Healthcare Operators
Business modelService Provider, Real Estate Investment, Management and Consulting, Insurance Underwriting
SuppliersMedical supply manufacturers, Pharmaceutical companies, Specialized healthcare labor, Real estate developers
CustomersAcute care hospitals (referral sources), Physicians, Medicare/Medicaid programs, Private insurance carriers, Veterans Administration
Listed1987
Employees13.1K
CEOStephen Fowler Flatt
FilingsSEC EDGAR

Questions, answered.

What is National Healthcare's market cap?
National Healthcare (NHC) has a market capitalization of $3.5B and trades on AMEX.
What is National Healthcare's revenue and profitability?
National Healthcare generated $1.5B in trailing twelve-month revenue with net income of $126.4M, representing a net margin of 8.3%, with free cash flow of $168.4M. These figures are based on the Q1 2026 filing.
Who are National Healthcare's competitors?
National Healthcare's key competitors include The Ensign Group, Encompass Health, Brookdale Senior Living, and others. These companies compete in similar markets and product categories.
Who does National Healthcare partner with?
National Healthcare's notable partners include Medicare, Medicaid, Veterans Administration.
What subsidiaries does National Healthcare have?
National Healthcare's subsidiaries include Caris Healthcare, White Oak Management, Inc., NHC Advantage.
Where is National Healthcare headquartered?
National Healthcare is headquartered in United States of America and employs approximately 13,123 people. It has been publicly traded since 1987.