# National Health Investors, Inc. (NHI)

- Sector: Real Estate · Industry: Reit Healthcare Facilities
- SEC CIK: 0000877860 ([filings on EDGAR](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000877860))
- Full page: https://inspectstocks.com/stocks/nhi
- Data as of: price 2026-09-29; newest filing used 2026-08-10; latest fiscal period ended 2026-06-30

## Grade

**D** on the growth-and-cash rubric, 2 of 5 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Revenue growing overall | passed | $432.1M | $307.2M |
| Revenue growing recently | passed | $432.1M | $375.6M |
| Free cash flow positive | failed | -$57.5M |  |
| Free cash flow growing overall | failed | -$57.5M | $174.3M |
| Free cash flow growing recently | failed | -$57.5M | $49.8M |

Business quality (the + / − mark): 4 of 6 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Profitable | passed | 38.6% |  |
| Healthy profit margin | passed | 38.6% |  |
| Strong operating margin | passed | 23.8% |  |
| Good return on equity | failed | 11.0% |  |
| Debt under control | passed | 0.00 |  |
| Turns sales into cash | failed | -13.3% |  |

How the grade works: the letter counts failed checks (none → A, one → B, two → C, three → D, four or more → F). It is built from SEC filings only — the share price never enters it — and describes the business, not whether the stock is worth buying.

## Key figures

In US dollars, as filed.

| Measure | Value |
| --- | --- |
| Revenue, trailing twelve months | $432.1M |
| Net income, trailing twelve months | $166.8M |
| Free cash flow, trailing twelve months | -$57.5M |
| Net margin | 38.6% |
| Return on equity | 11.0% |
| Debt to equity | 0.00 |
| Diluted EPS, trailing twelve months | $3.46 |
| Share price | $66.66 |
| Market value | $3.3B |
| Price / earnings | 19.3x |
| Price / sales | 7.6x |

## More on this company

- [Overview](https://inspectstocks.com/stocks/nhi)
- [Financial statements](https://inspectstocks.com/stocks/nhi/financials)
- [Competitors](https://inspectstocks.com/stocks/nhi/peers)
- [Earnings](https://inspectstocks.com/stocks/nhi/earnings)

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Source: InspectStocks, built from the company’s own SEC filings. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.